The informal sector is going to be worst hit with this cashless project.
Newsclick, talked to Dr Usha Ramanathan, internationally recognized expert on law and poverty. She talks on demonetisation and the cashless economy. She draws a parallel between the UID project and the cashless agenda. Both of which, are built on the shoulders of the poor. While we eventually realise that when we talk about ‘cashless’, like the UID project, it is essentially about the technology companies creating their own businesses for themselves. Similarly, an element of eventual coercion can be attributed to both. Different kind of arrangements seem to be emerging, eg. between banks and mobile companies or payment gateways. Informal sector workers, the manufacturing sector and the agricultural sector, are going to hit most, with this cashless project.