Please Follow My Notes and My Video 05-December-2016
The Hindu editorials
Notes for a cashless economy
Important objectives of demonetizations are to create a cashless economy, fight counterfeit currency, corruption and terror financing. It is part of the larger agenda of JAM trinity to benefit the poor. In this scenario, temporary discomfort will give way for larger benefits soon. An institutional mechanism is Being put in place for the same. These include Unified Payments Interface (UIP), Bank Card, prepaid cards, using various cards at any PoS (point of sale)/ ATM, Unstructured SupplementaryService Data (USSD) based mobile banking,Aadhaarenabled payment system (AEPS)and e-wallet or digital wallet.
As publicized by the opposition, it is not a sudden decision. The Government of the day has cone to power on the promise of clean governance and to fight all the stated objectives above. MB shah committee was appointed to look in to the issue of black money. At G20 summit at Brisbane Prime Minister pitched for fight against black money.
The costs of cash are very high in india for the govt and to the consumer.But, demonetisaoiton can not happen at a sudden stroke. Two important factors that determine the spread of a cashless economy are
With out doing this is, initiation of demonetization is like placing a horse before cart. Europe, Singapore and South Korea have initiated demonetization after preparing a strong ground for the same.
Heart of Asia conference
India and Afghanistan gas raised the issue of state sponsored terrorism at the heart of Asoa conference in Amritsar.
India need a consistent and creative strategy to deal with Pakistan. Disengagement, kite engagement will give little results if it is not part of the creative strategy.
Perspective / ideas page
Aroad map for the CBI
Any institution needs a strong leadership to realize its vision. CBI now and often suffers forum the lack of this leadership. It is compounding the problems of political interference, lack of personnel and territorial limitations for its actions. For this,
Unbuilding our cities
Vulnerabilities of our cities are increasing. Chennai floods is a stark reminder for the same. If reasons are highlighted, unregulated growth, encroachments of flood plains, disappearance of wetlands can be cited as the reasons.
Added to this, urban migration and growth in population is creating an undue pressure on Urban ecosystem. It is leading to the growth of informal settlements in vulnerable areas. 11th plan has marked a policy shift from rural development to urban renewal. India needs unbuilding of existing encroachments to make it resilient to climate change.
Kashmiris hidden uprising
Root of the problem is the alienation of the Kashmiri problem form India. Human rights violations and acts of oppression are making the things worse. So, the status quo has to change and process need to be initiated. There are no simple solutions for the Kashmiri problem.
Sagarmala project of India - building a network of seaports across the coast line in india could deepen Trade and investment ties with China.
Question of the day
A move towards cashless economy or achieving JAM trinity, cash transfers need to address the basic issues of digital divide in the country. Elaborate.
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