The Union government headed by Prime Minister Narendra Modi has been moving towards realising his vision for a cashless India, ever since the demonetisation of the old currency notes of Rs and Rs , which was announced by it on November 8, Always draft a rough sketch of the points you wish to write so that you make a proper sequence and do not miss out on any important information. Stay tuned for more samples. top online resume writing services technical support Initially, it led to severe criticism as people faced great difficulties in exchanging the old currency notes or withdrawing cash from their accounts. This step will affect general people to some extent but for the benefit of future generation such decisions are inevitable.
True, there are difficulties in implementing the idea of cashless economy in a vast country like India where a large number of people are living under misery and poverty, yet a beginning had to be made someday. It was on 8 November that the Government of India took the whole country by storm by announcing that the currency notes of Rs and Rs 1, were no longer legal tender. college essay write houses Read a lot so that you have sufficient stuff to write. Online banking has gained prominence due to unavailability of enough cash in the market. Cashless India is a move that has assumed significance in the backdrop of demonetisation of high value currency by the NDA government at the Centre.
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We should welcome such brave step of Indian government which will curb black money to some extent. Read a lot so that you have sufficient stuff to write. They critics further argue that due to unavailability of required cash flow in the market, many people died and lost their jobs, painting a scary picture of India becoming cashless post-demonetisation.
Important things to keep in mind: It is expected that it will affect the SME sector in India. It is expected that this step will help in reducing the fiscal deficit of India and promote the cashless economy in India which can be easily monitored. The government move aimed at curtailing the menace of black or counterfeit money which is largely used to fund criminals and terrorists as part of a parallel economy. Now the banks and financial institutions have more money to lend to the people to support the growth of Indian economy.
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This step will affect general people to some extent but for the benefit of future generation such decisions are inevitable. There is no place for black money or counterfeit currency in cashless India. custom writing essay ielts general training Demonetization step of central government will surely result into something good and help in reducing the black money.
We should welcome such brave step of Indian government which will curb black money to some extent. Suddenly, there was severe shortage of cash in the wake of this decision and people had to encounter great difficulties in buying things they wanted with little cash available in banks and ATMs they would throng in unending queues day and night. college application essay services answers Cashless India is a term coined recently after the Union government went ahead with its plans to demonetize currency notes of Rs and Rs Rather it will prove beneficial with growth of the Indian economy rising to 7.
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Stay tuned for more samples. To make India cashless in true sense, investment is required to be made in enhancing the facility required on a mass scale for cashless transactions across the country. Do not express views which may hurt the reader.
Online banking has gained prominence due to unavailability of enough cash in the market. It was really a bold move considering the fact that in India people are more reliant on cash than in other countries of the world. However, the initial difficulties have subsided now and the people are beginning to realise the safe and convenient modes of digital payment. It is expected that this step will help in reducing the fiscal deficit of India and promote the cashless economy in India which can be easily monitored. Handling the flow of cash with digital technology has a range of advantages.
India is gradually transitioning from a cash-centric to cashless economy. True, there are difficulties in implementing the idea of cashless economy in a vast country like India where a large number of people are living under misery and poverty, yet a beginning had to be made someday. However, the new cashless revolution ignited by this move has gradually started changing the mindset of people, who were earlier mostly dependent of currency notes only for doing transactions. Moreover, E-commerce modes of making payments have also become popular, as most of the people have now started making payments of even Rs 50 through the digital modes. It will surely bring the clear view of every transaction within the country and promote cashless transactions.