One-hundred-thousand Indian villages have been promised two electronic point-of-sale machines by India’s finance minister, Arun Jaitley, in a bid to ease anger at the withdrawal of the country’s 500 and 1,000 rupee notes from circulation.
The sweeping abolition was meant to bring billions in so-called “black”, or undeclared, money back into the formal system.
But with cash accounting for 90% of the transactions, it has meant that many have been left without enough cash to buy food or daily essentials. Farmers have been unable to buy seeds, and small traders say business has fallen off a cliff.
And in a country with poor digital infrastructure, frequent power failures, and bad telephone connections, many consider the move merely a political stunt.
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