On the occasion of the Constitution Day,the Hon’ble Prime Minister expressed his opinion on his vision of a ‘Cashless india’. He reflected on the diachotomy of views which exist about mobile-based banking technology and instant messaging services like Whatsapp. He also suggested that using mobile banking is as easy as using internet messaging apps.
Recently, the government banned the use of notes of Rs.1000 at all places. Ahead of this news, the exchange of Rs.1000 notes and Rs.500 notes was abstained at bank counters. Now the exchange of banned notes can only happen at RBI centres.
Demonetisation move has shaken the sentiments of the public. But the good news is that public is happy to support and bolster the move . The temporary pains are bearable for the public. The wait for a cashless India might be long. However, baby steps are necessary . This is what India is indulging in.
The continuing cash crunch in the economy arises due to the unpreparedness of the government, as reports suggest. However, government is quite clear about its standing. The government reiterated that the demonetisation decision was doing rounds for 50 days before it was actually announced.
PM Narendra Modi has spoken at various venues to shed the various allegations and claims made by public. Here are some excerpts from his speech in regard to Demonetisation. take a glimpse:
- “You will be surprised that the biggest gainer from the decision on November 8. Municipalities. After November 8, Rs 13,500 flowed into their coffers. Who will this benefit? It will build roads, provide electricity and taps will spring up.”
- “In a nation that has 65 percent of the population are youth under the age of 35, in a nation that has over 100 mobile phones, in a nation that has every trading facility available on a mobile phone and every bank has its own app. So why don’t we inspire people, why don’t we educate people and this is not a difficult task.”
- “Digital currency: Everyone has a right to their money, everyone has a right to use their money and no one is stopping them. But it is not necessary that this can be done only with a note in hand. Now there are many other options available. With your mobile phone you can now send your money anywhere. You have a right over every paisa.”
- “Today when we WhatsApp, where we went to learn how to use it in some IT or engineering college? Even an uneducated person knows how to read WhatsApp and forward on WhatsApp. The ease with which we use WhatsApp forwards we can do shopping on our mobile.”
