Instead of whining about lack of cash, please look at it as an opportunity to bring in a difference in the lives of ignorant and uneducated people around you. I have never carried much cash in my life. I firmly believe in paying electronically. I pay my maid servant, milk, cable, newspaper, vegetable and grocery fellows through bank. I transfer funds. Everyone has accounts, even if they pretend to be poor. They will get used to getting money routinely in their accounts. Most importantly, you don’t have to go lookingRead More
Read here: How currency note ban is not sudden decision, but a systematic planning from 2 yrs, by Modi Govt.
The Decision to stop the Rs 500 and Rs 1000 denomination was not sudden. It merely started with bank account for all, the financial inclusion scheme, that Modi govt penned very first after assuming office, which yielded over whelming results and appraisal from World Bank. Then linked bank accounts with Aadhar, which was called as Direct Benefit Transfer. The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate pilferage from distribution of funds sponsored by Central Government of India. In DBT, benefit or subsidy willRead More