#ATM
running dry ?
Over the past 2 days , various parts of the country
have reported that there are no currency notes in ATMs
For over 2 years now, I have been sending emails to our
Policy Makers to consider embedding RFID micro-sensor in Rs 2,000 / Rs 500 , denomination currency notes
Had this suggestion been implemented , there would be
no need to fill up those ATMs with Rs 2000 / 500 notes !
INTENTION of
my suggestion :
* To be able to
trace / track , huge piles of these notes anywhere ( min amount value to be
fixed )
* To be able to
draw up “ Currency
Map of India “
* To reduce
cash transactions ( large value only – mostly for purchase of gold / land /
property etc )
* To reduce
future generation of BLACK MONEY
* To reduce
CORRUPTION through taking / giving of bribes in high denomination currency
notes
* To give a
push to digital payments
* With huge
decrease in usage, no need to print Rs 2000 / Rs 500 notes in large numbers (
who
wants IT
dept to come knocking at the office / resi , seeking explanation re: that huge
pile ? )
* No need to
worry about ATMs running out of these notes ( the hue and cry of past 2 days )
* No need to
worry about corrupt politicians carrying suitcase full of Rs 100 notes for
distribution
among the
voters
It is still not
too late !
18 April 2018
www.hemenparekh.in
/ blogs
No comments:
Post a Comment