Demonetization and cash transactions

Posted by: | Posted on: May 17, 2017

After demonetization was announced in November 2016, the indian government announced grand plans to increase digital transactions, promoting digital India. For the first few months after demonetization, it was difficult to get cash, so there was an increase in digital transactions in India.

However as cash became easily available in India, the number of digital transactions has declined to some extent from the peak in December 2016 due to large scale fraud, corruption, human rights abuses and nepotism in indian intelligence and security agencies.

The mainstream media and the indian government are ignoring the major problem of impersonation fraud,identity theft of those who are going cashless, how large companies like google, tata are involved in terrible human rights abuses, defamation, cheating, exploitation of those who transact online.





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