Government of India and Reserve Bank of India - Stop Printing More Currency

Here is one more blunder being committed by our Government and RBI.

 See this Headlines in the times0findia.com article Dated 06/05/2018.
"500 Rupee notes worth Rs.3000 crore printed daily..."

This is my comment:-

"So, our Finance Minister and RBI want to increase inflation by going on printing the notes.

Why not callback all those 2000 notes, if you want to induct smaller denomination notes?"

Why don't the administration refrain from printing notes like this?

They canvassed for Cashless Transactions while introducing the denomination of Big Currencies only a year back. Now, they are afraid of voters and doing all these irrational things to gain their votes in the ensuing elections. Probably they want cash for their own self-interest also.

But, they are not worried about the bad consequences of going on increasing cash in the hands of people which can lead to corruption and unsocial activities.

A Comment on Media and people discouraging public from going on-line

"Don't heed to people discouraging you".

My Comment on a slide show which tries to distract and discourage people regarding the after effects of demonetization. Post titled "Think going cashless is good for you? Here's why it is not - Drawbacks of digitalisation" published in the economictimes.com Dated 19/12/2016 at 5:20 pm.

"This author is trying to distract people by inculcating unnecessary fears. People should not heed to such discouraging posts. But, you should keep always alert while doing your transactions. 

The best method to use is to open your savings account with any bank and get an ATM card. You can do all your transactions using that ATM card. No need for mobiles or smartphones. Cheer up yourselves." 

Think going cashless is good for you? Here's why not

Think going cashless is good for you? Here'sDrawbacks of digital transactions The author is trying to distract people by inculcating unnecessary fears. People should not heed to such discouraging posts. But, keep always alert while doing your transactions. The best method to use is to open your savings account with any bank and get an ATM card. You can do all your transactions using that ATM card. No need for mobiles or smartphones. Cheer up yourselves. 

A Comment on roping in Nandan Nilekani for development of apps for cashless transactions

My Comment on an article "Nandan Nilekani joins battle to map India's post-cash future" published in the economictimes.com Dated 08/12/2016.


"It is good to know that Nilekani has been roped in to help solve the problems faced in creating a cashless Indian. 

But, whatever they do, I would like to say that they should develop one single common app for all transactions throughout India, whether it is a village or a city. 

Perhaps either Paytm or UPI will be the better options available right now to meet all the requirements of public transactions. Or any new app may also be developed. But, let it be one single common app for all people of India."