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Country already 'cashless' due to demonetisation: Kapil Sibal

People don't have cash with them at the moment, says Sibal.

New Delhi: A day after Prime Minister Narendra Modi pitched for a cashless society, senior Congress leader Kapil Sibal on Monday took a dig at him, saying the country has already become “cashless” due to demonetisation.

He said the dream of India becoming a cashless society could only come true if there is institutional framework or arrangements to support it. “If there are no arrangements in place, then how will this dream realise?” he wondered.

“There have to be arrangements first... In this country, over 70 crore people are earning Rs 10,000 a month (who cannot deposit the amount in banks), what will they do?

“There are no ATMs, no banks, no branches, people need to walk upto 20 kms... The country has already become a cashless society as the people don’t have cash with them at the moment,” Sibal said.

( Source : deccan chronicle )
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