CASH TO LESS CASH , CASHLESS SOCIETY- GROUND REALITIES Government in last 15 days is talking more about moving to less cash & then to cash less society in phased manner. Demonetisation is a welcome move, but when it comes to implementation, serious lacuna is being observed in field. Reports such as already 70% of banned currency reached banking system as on date through large scale money laundering & further expected to reach over 90 % soon, large accumulation of Rs.2000/- notes by individuals reported etc are strong evidences and GOI needs to submit white paper on its implementation strategy. GOI has to clearly explain how it is going to handle black money already recycled into system through benami accounts. If new currency is printed & circulated into banks, matching with the banned currency, there is a strong possibility of huge currency reaching back the bunkers. Printing of less physical currency will have huge currency shortage and balance of payments probl...