Prime Minister Narendra Modi’s remark that demonetisation and cashless transactions will make the country corruption-free is never going to work. The remark is bound to make people uncomfortable as it is said that each electronic transaction will result in a user bearing an additional service tax of Rs.25 depending on whether it is under National Electronic Fund Transfer or Real Time Gross Settlement. It is also estimated that only 2 per cent of the population is truly interested in a cashless economy despite innumerable advertisements that are attempting to promote it. Mr Modi needs to understand the country’s needs and wishes. His comment is insensitive.
K.A. Solaman,
Alappuzha, Kerala
The Hindu Business Line, Dec 19, 2016
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