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LATEST NEWS UPDATES | Three reasons why a cashless society would be a disaster -Amit Varma

Three reasons why a cashless society would be a disaster -Amit Varma

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published Published on Dec 18, 2016   modified Modified on Dec 18, 2016
-The Times of India

I am a great admirer of Mahatma Gandhi, but the man had some strange views. In Hind Swaraj, written shortly after he turned 40 in 1909, Gandhi tore into some of the symbols of the modern age. “Hospitals are institutions for propagating sin,” he wrote. “To study European medicine is to deepen our slavery.” He railed against the railways, saying “it is beyond dispute that they propagate evil.” He argued against lawyers, despite being one himself, saying they had “impoverished the country.” But here’s a thing to note: despite these personal views, he never once suggested that railways, hospitals and lawyers should be banned.

There is a notion being spread these days that is as absurd as the ideas above: it is the notion that there is something wrong with using cash, and that we should head towards being a cashless society. This is nonsense. A cashless society would be a disaster for India. Here’s why.

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The Times of India, 18 December, 22016, http://timesofindia.indiatimes.com/home/sunday-times/all-that-matters/three-reasons-why-a-cashless-society-would-be-a-disaster/articleshow/56041036.cms


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