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Letters: Demonetisation gain

The government has correctly curtailed usage of cash in high-value transactions

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Business Standard
When the news item, “Cash is still king as circulation nears pre-demonetisation level: Report” (July 3) informs that 86 per cent of cash is back in the Indian economy, it is the time to bring down the curtains on the negative discussions about the fate of demonetisation. The continental size of the country, the poor banking infrastructure especially in rural areas, resistance of traders/unorganised sector to be above board in their transactions, illiteracy, abysmal poverty especially in rural/ tribal areas, and short learning time given to switch to mobile banking — short circuiting the debit cards usage stage — and