Essay on cashless india indiacelebrating
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Answer:
cashless India!!
Explanation:
cashless India is a moon that has assumed significance in the backdrop of demonetisation of the high currency by NDA government at the centre on November 8 2016 Prime Minister Narendra Modi announced demonetisation of currency notes of rupees 500 and rupees 1000 standing in queues at ATM and Bank counter to exchange their old currency notes or withdraw cash .
then the new cashless Revolution ignited by this mood has gradually started changing the mindset of the people who earlier mostly dependent on currency notes only for doing transactions .
Benefits of cashless India
- cashless transaction doing away with any hassle to carry cash
- it is in keeping with worldwide Trend
- people need not to carry any cash as the transactions are done electronically
- since cashless transactions are processed bill the invite payment of taxes where ever applicable does ruling out the use of Black Money
- it accelerates the face of electronic development making it easier for the government to spend on education Healthcare Employment generation infrastructure and overall Welfare of the people
- cashless transactions deal to cut the supply of unaccounted money and funding of criminals
- the government substantial cost in printing and circulation of currency notes
a part of digital India program the concept of cashless economy of India is centred around the vision of transforming the country into a society which is digitally enable the in powered by several modes of cashless transactions
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