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Ushering in demonetisation is a masterstroke of Prime Minister Narendra Modi—killing several birds with a single stone—it was freedom at midnight. Most importantly, a strong and significant move/push towards cashless economy—something that has been part of boardroom debates for a long time. Since 2005, SKOCH has been an ardent votary of cashless economy, electronic tagging and tracking of funds and devolutions right at the local governance level upwards—I call it the New Economy—when we organised the 5th SKOCH Summit on the theme of Rural Delivery Systems and then 7th SKOCH Summit on Measuring Outcomes. It has been a recurring theme ever since.

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