...
...

Is Budget 2017 the latest push for a cashless economy?

Updated on Feb 02, 2017 11:43 am IST

It was supposed to be an attack on black money, terrorist activities and counterfeit notes. However, the goalpost soon shifted to nudging India towards a digital economy. The budget seems to be taking this dream of a digital economy, which runs on 'less cash,' rather than 'cashless' transactions further. Arun Jaitley announced plans for 'Aadhaar pay,' an Aadhaar enabled payment system for people who do not have debit or credit cards, mobile phones or e-wallets. Cashless transactions have also been incentivized by removing duties on these.

RELATED VIDEOS

Desperate Pakistan abandoning Islamic identity to get Indus water from India?

Desperate Pakistan abandoning Islamic identity to get Indus water from India?
Published on Jul 21, 2026 05:07 pm IST

Many dead or trapped in teesta hydroelectric project's under-construction tunnel

Many dead or trapped in teesta hydroelectric projects under-construction tunnel
Published on Jul 21, 2026 04:57 pm IST

Amid CJP protest, PM Modi's message on exam paper leaks to NDA lawmakers

PM Modis message on exam paper leaks to NDA lawmakers
Published on Jul 21, 2026 04:54 pm IST

Monsoon session marred by political drama even before it begins?

Monsoon session marred by political drama even before it begins?
Published on Jul 19, 2026 05:43 pm IST

Trump’s army dires ATACMS at Iran; Mojtaba's drones pound US bases

Trump’s army dires ATACMS at Iran
Published on Jul 19, 2026 05:40 pm IST

Ahmedabad blast horror: factory engulfed in flames, PM Modi announces relief

Ahmedabad blast horror
Published on Jul 19, 2026 05:25 pm IST