Cashless transactions curbed unnecessary expenses: Sharad Pawar

Pawar said most of the transactions have become transparent and clean.

NCP chief Sharad Pawar on Sunday said the emphasis on cashless transactions has made them clean and transparent besides lowering the unnecessary expenses in day to day life.

NCP president Sharad Pawar (R) presents Y B Chavan National Award (Rs 5 lakh cheque) to Nandan Nilekani, former chairman of the Unique Identification Authority of India, in the memory of Yashwantrao Chavan 104th birth celebration at YB Chavan Center in South Mumbai on Sunday. (PTI Photo)

“The push for cashless transactions has brought restrictions on unnecessary expenses in day to day life. Most of the transactions have become transparent and clean,” Pawar said at a function here.

During the event, he conferred the ‘Yashwantrao Chavan National Award, 2016’ on Nandan Nilekani, the former chairman of the Unique Identification Authority of India (UIDAI).

“It is also true that you get a feeling of something is missing when you carry a (debit) card and not the hard cash. Now a days, a wife tells her husband that no need to carry cash, instead carry a (debit) card,” quipped the Maratha strongman.

“In villages, you still can not use the card. One must not forget that more and mote transactions are becoming electronic in coming days. There will be no sector in the near future, where cashless transactions will not take place,” the former Union Minister added.