The government is looking to move towards a cashless economy. A draft paper has proposed tax rebates for shopkeepers who do 50% of their total transactions electronically and tax benefits on credit/debit card transactions. It has also suggested removing transaction charges on the purchase of petrol, gas and railway tickets. Essentially, this move is a step towards bringing in a level of fiscal discipline and ensuring that there are fewer big-ticket cash transactions. That should help the government keep track of individual transaction history and ensure better tax compliance. But, are the people, banks and the government ready for this?