DEMONETIZATION: Rumours v/s Reality
One month after revolutionary move of demonetisation
Government has announced incentives to promote cashless transactions
like 0.75 % discount on Petrol & diesel, 10% discount on online
booking of railway tickets, 10 % discount on card payments in toll
plazas, no service tax on transaction up to Rs. 2000 etc.
In the first “Mann ki Baat” after the demonetization of
Rs. 500 and Rs. 1,000 notes, Prime Minister Modi urged for a movement
to turn India into a cashless society. He asked young people to teach
mobile banking and other e-commerce technology to at least 10
families. I think it’s a great start for coming new year 2017. And my
New Year resolution will be ''less-cash'' transactions and “more-card”
payment.
But the need of the hour is that Govt. should launch
more incentives to promote digital dealings. Govt should provide swipe
machines to more and more small and big businessmen to promote card
payments. All Government payments, starting from Panchayat to Govt. of
India should be made digital, this will give a big push and avoid a
lot of corruption in lower level where a villager is looted by the
babus.
Demonetization, undoubtedly a great move but lacks
proper preparation. Govt. should take corrective measures to reduce
long queues in front of ATMs. Some pathological cynics think
criticizing is the only evidence of intelligence. There is no dearth
of such useless armchair critics in India.
Go on, Modi ji, “Don’t hesitate in taking such bold
steps because if there are thousands of problems then there are
millions hands also to solve it.”
Government has announced incentives to promote cashless transactions
like 0.75 % discount on Petrol & diesel, 10% discount on online
booking of railway tickets, 10 % discount on card payments in toll
plazas, no service tax on transaction up to Rs. 2000 etc.
In the first “Mann ki Baat” after the demonetization of
Rs. 500 and Rs. 1,000 notes, Prime Minister Modi urged for a movement
to turn India into a cashless society. He asked young people to teach
mobile banking and other e-commerce technology to at least 10
families. I think it’s a great start for coming new year 2017. And my
New Year resolution will be ''less-cash'' transactions and “more-card”
payment.
But the need of the hour is that Govt. should launch
more incentives to promote digital dealings. Govt should provide swipe
machines to more and more small and big businessmen to promote card
payments. All Government payments, starting from Panchayat to Govt. of
India should be made digital, this will give a big push and avoid a
lot of corruption in lower level where a villager is looted by the
babus.
Demonetization, undoubtedly a great move but lacks
proper preparation. Govt. should take corrective measures to reduce
long queues in front of ATMs. Some pathological cynics think
criticizing is the only evidence of intelligence. There is no dearth
of such useless armchair critics in India.
Go on, Modi ji, “Don’t hesitate in taking such bold
steps because if there are thousands of problems then there are
millions hands also to solve it.”
-Romit Chandrakar,
Raipur (Chhattisgarh)
Raipur (Chhattisgarh)
(I am a student of Hidayatullah National Law University, Raipur)
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