For our FM, cashless means less cash, not “no” cash
For our FM, cashless means less cash, not “no” cash
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NEW DELHI: A day after Union defence minister and Goa former chief minister Manohar Parrikar took U-turn on his own statement about cashless Goa, Union finance minister Arun Jaitley said on Sunday said that "Our bid to go cashless means less cash, not no cash”.

Speaking at the Jan-Dhan Mela in Delhi, organised to promote digital transactions, Jaitley said that a less-cash economy is in the interest of everyone and it will help in creating a cleaner economy in future.

"Common people have understood the gains of cashless or digital economy, but opposition is taking more time to understand," he said.

"From counterfeit currency to terrorism, everything is a result of heavy dependence on cash economy," he said highlighting the benefits of digital payments.

Emphasising on importance of newly-introduced Aadhaar-based payment system, finance minister said the payment system is for people who don't have cards or mobile phones, they only need thumb print for transactions.

The finance minister also claimed that the lucky-draw scheme will go a long way in promoting digital transactions in the country.

"Such schemes were very popular and successful in South Korea. I can assure with such initiatives we will have a better nation, a better and cleaner economy in future," Jaitley said.

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