Cash economy contracted by 40%: Anil Bokil on demonetisation
Sneha Gilada A social security scheme that ensures a minimum grant to everybody living under poverty line A tax-lesseconomy that removes all motivation to evade tax A limit on cash transactions beyond which only bank transactions will have legal protection Withdrawal of all high value currency notes leaving onlyup to Rs 50 of notes in the cash economy Astandard 2% transaction cost levied by the government on all banking transactions uniformly. These tenets form the crux of radical financial reform proposed by NGO Arthakranti Sansthan, which has recently come into limelight as the think-tank behind the idea of demonetisation. Anil Bokil, speaking on behalf of Arthakranti Sansthan, said that the cleansing of the economy is a long process which has just begun with the demonetisation drive. "This is not a development model meant to boost growth. It is a ...
