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Thedarkknight
Pilla Bewarse
Username: Thedarkknight

Post Number: 580
Registered: 07-2008
Posted From: 103.211.39.201

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Votes: 0

Posted on Thursday, November 24, 2016 - 10:45 am:   

Even now so many precautions can be taken to make the effort success. The following are my opinions, you may chose to disagree.

Short term fixes:

> Fix the cash crunch for daily usage of the public. If cash is not the problem, exchange of old notes ( of course with limitations ) can be extended to few other govt orgs.

> If cash is the problem ( there isn't enough cash printed ), Sell some passes, tokens, cards to be used in various retail stores till the cash crunch issue is fixed ( For day to day usage ). Of course it requires some quick education and propaganda.

> Give reasonable incentives for electronic transactions ( more than the existing incentives ). It will motivate majority of educated folks to move towards complete electronic usage.


Long Term Fixes:

> Establish training and education institutes to encourage the electronic transactions of small and medium scale vendors.

> Some reasonable incentives for small and medium scale vendors who move towards electronic transactions ( Remember, they have inertia because of taxes and 2% charges on white transactions ).

> Reduce the foot print of 2000 rs note usage ( Print them in very low quantity ).

> Encourage the small/mid scale banks ( especially that operate in villages and towns ) to invite folks to open bank accounts with very low min bal requirement
I dont wear spects, only wear contact lens(&goggles sometimes). Only code lang that i know are > c,c++,java,c# & scrpt lang.

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