Free Press Journal

Country already cashless, Sibal mocks PM’s dream


New Delhi: A day after Prime Minister pitched for a cashless society, senior Congress leader Kapil Sibal on Monday took a dig, 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.

He said the government needs to take the states as well as the Opposition along for moving towards such a direction.

On Modi’s suggestion to the people to embrace mobile banking, he asked how will the people do the transactions through mobiles when most of them are illiterate and not device-savvy.

In his monthly radio programme ‘Mann ki Baat’ on Sunday, Modi appealed to the people to shift to cashless transactions.–PTI