Demonetisation may have positive and negative aspects. General opinion is, it has practical problems in implementation and middle town business is affected. Though, government targets for right cause, since implementing this, caught with problems. In other political views, it suppresses people’s innocence and motivates corporates. Both side debates are on the way in media.
Initially, Cashless transactions need proper medium. This would not encourage or develop a business by grapping service tax. Before fully enveloped in cashless, certain factors to be considered like end-user capability, technology reach out and usage. A wallet alone is not a solution to cashless economy.
Transformation is an important aspect needed in an economy. Goods exchange converted into money exchange, now it is the time for cashless, though it has been proved in developed nations. But transformation will have problems; it is the responsibility of governance to take essential steps to cover the consequences. Transformations will happen in all the materials. Now it is the time for cash.