If the low value transactions are not incentivised the govt will basically kill the digital cash economy. They wanted to remove cash and make everthing digital so that then can have a 100% white economy and also be able to track fin transactions. They are using all this data in multiple ways, tax evasion, payments tracking etc. So somehow this whole story is not adding up that they claim that the critical mass for UPI has come and small value transactions need to be taxed. This will only lead to the old way of working, cash economy will start flourishing again. Indians are very smart and will stop reduce usage of this, cash circulation will increase.
| Subscribe To Our Free Newsletter |
