Our Own Personal Changes: DEMONETISATION AND THE DAY-TO-DAY LIVES : Part 2

Read Part 1

I had mentioned that there are some inconveniences in Cash free transaction. Especially, on referring to one such scenario, we Indians generally have some of our lending mentors for urgent demand of cash. As we all know cash can be the easiest of giving and taking. If a person is willing to help you and has cash in-hand then it becomes a magic wand for him and you are blessed. No cash then the lending/borrowing for our necessary needs will be affected.

We can’t always have enough savings in our bank account. Even in bigger banks there are at some deficiency of money, so it is not necessary that we people always have money left with us.

In those situations, when someone in the family is ill, we will fetch the help of a near by private hospital for immediate medication. And the hospital administration is first concerned on the bill pay…Not on the treatment of the admitted but decides whether the person (his relatives) will be able to pay the bill? This is their way of showing wisdom – not to blame, they have got to take back their investment.

When there is no sufficient savings in our bank account, there is no other choice but to ask for loan to our known person. And the person will only be able to lend us the money if he has currency notes.  Or else, he should transfer money from his account to our account and as we all know the procedures. Then , the transaction is being recorded and accounted for taxation (tAx : this word still makes some perplexed L)

So, there will be problems arising on lending money which isn’t in currency form. Not only in this scenario, in our country to aid the other person, the helping hand has to face many problems ()):). But I see that this phenomenon is changing right now –{For our info, I read a latest news saying that Any individual, except an eyewitness, who calls the police to inform them of an accidental injury or death need not reveal his or her personal details such as full name, address or phone number and the police will not compel the Good Samaritan to disclose the same in record or log register.} GOOD ONE.

Now coming back to our articles, next thing is… We can’t say that everyone is updated about all the electronic features (digitization.) We may say/feel, we being youth talking like this,, Of course we should take initiative in updating the new technologies to our people, educate all our fellowmen etc. I understand our voices. But, in reality and thinking as of now to say many are unaware of net banking and related stuffs. There are many people who aren’t updated to perform the techniques. Hence, they are only ready to lend money if at all it is currency notes available handy. Until our people have the rupee in hand, we won’t be able to pay the hospital bills and therefore not able start with our treatment.:)JJ(:

If at all, what is the solution for this. There is only one way…

I know we all are eager to know what it is, because we have been practicing the same old way of someone guiding and we following it…Let change our blueprint. Can be the taxes, can be the education, can be the jobs, can be the ignorance… I’m sorry I really don’t know as of now and thinking like you guys. However, by some of our Government initiatives and our own personal changes we can expect them to happen. The tax levied on income and goods can be rechecked and helping-hand can extend. (Again I understand that all people won’t come under this chart even though the Government does the initiatives, however some people with real hearts does that) J

Another thing to be mentioned here is. People should also be interested in learning new science and technology for the benefit of our country and thereby do net transactions rather than cash transaction. Now-a-days, even with small merchants we see the availability of swiping machines. By this, their business isn’t affected in any ways.

But the ordinary grocery stores, petty shops, roadside vendors are being suffering in large-scale from 8 November 2016 since not able to inherit to digitization due to their mindset. Our Government has given the guidelines for their problems too.

These small vendors can certainly organize their transactions through the phone application and obtain their money in their bank accounts.

It is not necessary to do these transactions only with a smart phone, it can also be done on an ordinary phone. You can send and receive money with an basic model. However, smart phones make it more easier. It is just enough to know the basics on how to use the smartphone in order to proceed with the transaction.

My request to all of you reading this article is to share the important message on doing digi-transaction to general public, our fellowmen – it can be your neighbor, your vegetable seller who comes in the tri-cycle, milk vendor, hair stylist, news paper merchant and to anyone who is waiting to update him or her on this.

Go to the play store on your smart phone and download the application for Money-transaction. There are many private firms and bankers giving you apps for digi-transactions. We also have the NPCI (National Payments Corporation of India’s) app known as BHIM to do our daily digital transactions. BHIM has the UPI(Unified Payment Interface) feature. It is thereby connected and you can avail the services of multiple banks.

Thanks for reading this article. Lets stand united, be updated and establish a valuable India.

© 2016-2017 preethapages.blogspot.com All Rights Reserved.