Cashless economy is important as it can help in controlling the black money that is circulating in the economy.You can read about the Cashless Economy in India – Definition, Types and Advantages for UPSC Economy in the given link. 

Further readings:

  1. Topic-Wise GS 3 Questions for UPSC Mains
  2. Bharat Interface for Money (BHIM): Notes for the UPSC Exam

Related Links

Payments Council of India (PCI) – Overview, Functions & Background

UPI (Unified Payment Interface) – An Overview

Demonetisation Essay – Concepts, Merits, Demerits & Effects Of Demonetisation in India

UPSC Mains General Studies Paper-III Strategy, Syllabus & Structure

Black Money [UPSC Notes for Indian Economy]

Difference Between NEFT and RTGS

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