Adopt less-cash economy to curb black money: CAIT
The Confederation of All India Traders has said the government, in order to curb black money, should consider "a less cash society" before moving to a "cashless economy". Its response follows Special Investigation Team's suggestion on black money to ban cash transactions over ₹3 lakh. CAIT added it is presently conducting a 40 days “less cash awareness campaign” across India. 