Paragraph on cashless india
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Answer:
India is one of the largest and fast growing countries in the world. Many countries are competing to bring India’s economy down by various methods. Though India has its advantages, it also has its equal share of disadvantages. The main disadvantage is India has the highest poverty rate which is clearly due to the increase in black money circulation in the country. Hence, our PM Mr. Narendra Modi has come up with wonderful ideas to make India the no: 1 country in all aspects. Main support for the establishment of the ideas of Mr. Narendra Modi is due to the growth of the field of technology.
Cashless India - A Digital India Initiative : Meaning, Essay, Speech, Article
Cashless India : Meaning, Essay, Speech, Article
CASHLESS INDIA : Meaning
Cashless India is nothing but using technology in handling cash flow. When people start using E- banking and E-commerce methods to solve their payment issues automatically the flow of black money will be stopped. The main advantage is to make people put all their earnings into the bank and pay their taxes correctly so, that everything will be systematized and well organized. This is the most effective way and fast method to stop and to demolish the spreading of black money.
Answer:
It was on 8 November 2016 that the Government of India took the whole country by storm by announcing that the currency notes of Rs 500 and Rs 1,000 were no longer legal tender. 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. The acute shortage of money in the wake of this decision led to long queues of people outside ATMs or banks seeking to exchange their notes or withdrawing cash.
But eventually, the move has turned out to be a push towards cashless India that is bound to pave the way for a cashless economy, marked by greater transparency, ease and convenience in monetary transactions.
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