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Bridging The Gap
India goes cashless and case less.
  Tuesday 27 February, 2018
India goes cashless and case less.

Prime Minister Narendra Modi had come to power promising big reforms. He had also promised a corruption-free India that attracted most of the youth and the middleclass who are vexed with the series of scams that saw the light during the 10 years of the UPA rule. The world-acclaimed economist, Manmohan Singh, remained silent to the acts of the corrupt politicians and this had annoyed the countrymen. People went to the polling stations in 2014 to get rid of this corruption, with high hopes on Modi.

Now, after four years in power, things have not changed as promised by Modi or as expected by the countrymen. The corruption had not come down and the country is not made corruption-free.

The irony is that those who indulge in corruption are running away from the country. While the Congress-led UPA had sent several of them to jails, the Modi-led NDA is letting them flee the country. Though these acts of corruption took place in the Congress regime, as BJP claim and for real too, they are running away from the country during NDA’s regime. By sending the known corrupt to jail, the Congress looked some democratic and answerable to the people. But by letting them free and flee the country, what is Modi doing now is a big question. What he promised and what he is doing now are to be debated and people are not blind to these facts.

Modi’s initiatives have shaken the economy. The demonetization had put the people in several troubles. While the common man stood in queues at the banks and ATMs to exchange their hard-earned notes with the new ones, the rich had their currency notes exchanged directly by the Banks . Modi had no justification for this. He could not keep the cash ready for the people to exchange and the economy to run. People have suffered and the economy crippled.

Then he came out with a slogan of cashless economy. He had brought in the commission agents for our money. They started making money (commissions) on every online transaction that people did. He had benefited these commission agents called Paytm and so on. The commission on every transaction and every day now made these agents richer while people continue to suffer.

In the cashless slogan, people gone cashless (no cash on hands), traders gone cashless (no cash on hand), the ATMs gone cashless (no cash in the machines) and now the country had gone cashless. The height of this misrule is that the banks are now going cashless – look at the Punjab National Bank.

As a student of economics, or even a common man who earns and spends a few hundreds every day or even a middleclass employee who toils every month and struggles to spend in the ever-increasing prices to meet the ends for the family, it is very much clear that this government has no knowledge of how economy works and how families live. It never understands how a family manages its income and balances the expenditure.





source:http://telugupost.com/2018/02/17/india-goes-cashless-and-case-less/

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