OPINION

Virtual cash not a global panacea

News, Satyajit Das, Published on 23/05/2017

» Even now, after the chaos caused by India's decision last November to eliminate nearly 90% of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favour of demonetisation don't stand up to scrutiny. And those that do should raise other concerns.