Impact on Indian Economy by going cashless with special reference to FASTag

Authors

  • S. Sunitha, Dr. S. Sudha

Abstract

Any Country’s economy revolves around its Currency, The digitalization of currency or money has brought a transition on the business landscape. Developing country like India are majorly cash driven economies, People in general prefer to keep cash in hand instead of Cards. Indian Government and Reserve bank of India is making all efforts to change the economy from Cash driven to “Cash-less Economy” in order to curb the economy’s evil like corruption, terror-Financing, trafficking – Human/Drug, Fake notes, Black money etc. On this backdrop, the present study has been undertaken to study the concepts of Less-Cash Society, Cashless Economy and digital economy. This paper provides an optimum view on Indian economy with introduction of National Payments Corporation of India (NPCI) – FASTag program, developed for National Electronic Toll Collection (NETC) by NHAI

Published

2020-02-29

Issue

Section

Articles