Speaking at the 8th edition of the Vibrant Gujarat Summit in Gandhinagar on Wednesday, India’s Finance Minister Arun Jaitley defended the government’s push for a “cashless economy” by talking about the moral pitfalls of using excessive paper currency, which has “its vices, and leads to its own temptations.”<br />Defending the demonetisation move, Jaitley said that India needs bold decisions and time to fix the problems that the economy faces. Calling the note ban move a “difficult decision”, he said that such moves are required initially to pass through difficult phases.
