Cashless and Clueless - The BIG picture of demonetization

Duration: Two Hours (Talk followed by Q&A session) Topic: Cashless and Clueless - The BIG picture of demonetization Description: Demonetization was initiated with the primary objective of eradicating ‘black money’ by bringing old 500 and 1000 notes out of circulation. But now all that the Central Govt. talking is only about turning India into a Cashless Economy with Digital Money (or digital transactions). If demonetization was intended to push people towards Digital Money (or payments) then why was it not revealed on the first day?

Who is really getting benefited by Cashless transactions or Digital Money? Is it Indian people or foreign investors? What is the BIG picture behind pushing Digital Money in India? What will be its impact on 90% Indian population in the future? Can Cashless or Digital Money really solve ‘Black’ money problem as was promised?

How come highly cashless economies such as Switzerland, the USA and Singapore etc. are also the biggest hoarders of ‘black’ money from around the world? What is the role of global banking industry in transferring one country’s ‘black’ money into other countries and turning them into ‘white’ money all in digital money format?

What is really Black Money? Is it really ‘black’? If ‘black’ money is synonymous with ill-gotten, unethical and immoral money, how come ‘black’ money invariably is born from ‘white’ money? What is the criminal nexus of ‘white’ money hoarders with ‘black’ money hoarders? Does ‘black’ money exist only in cash? In what other forms does it exist?

Can 'black' money problem ever be solved without solving the fundamental question of concentration of wealth or inequality. What is the root cause for 'black' money?

What is the impact of demonetization decision on democratic and federal values?