WHETHER CASH LESS SOCIETY ?
Well orchestrated canard is being patronized by ruling polity that cashless society is the ultimate financial panacea for the establishment of Ram Rajya oriented welfare state.Order of the day is :that there is something drastically wrong with using cash and that we should head towards being a cshless society.A cashless society will be disaster for Indian economy .Here is why :-
1.Once cashless society is established it will lead to significant erosion of your privacy.There would be digital trail of each of your purchases and transfers whether you purchase aids medication or a porn magzine.It will be very pertinent to point out here that India has no privacy laws and data protection is also big worry.
2.Establishment of cashless society will lead to erosion of the right to dissent.The state can use any data it gathers against you.They could make any opponent a pauper with one key stroke freezing your bank account while they investigate alleged misdeeds.
3.A fully cashless society endangers freedom.Cash is empowerment :ask the young wife who saves spare cash from her alcoholic husband :or the old mother who stuffs spare notes under the mattress for years because it gives her a sense of autonomy.Indeed,in a misogynist country like India,cashlessness would hit women the hardest.
Well orchestrated canard is being patronized by ruling polity that cashless society is the ultimate financial panacea for the establishment of Ram Rajya oriented welfare state.Order of the day is :that there is something drastically wrong with using cash and that we should head towards being a cshless society.A cashless society will be disaster for Indian economy .Here is why :-
1.Once cashless society is established it will lead to significant erosion of your privacy.There would be digital trail of each of your purchases and transfers whether you purchase aids medication or a porn magzine.It will be very pertinent to point out here that India has no privacy laws and data protection is also big worry.
2.Establishment of cashless society will lead to erosion of the right to dissent.The state can use any data it gathers against you.They could make any opponent a pauper with one key stroke freezing your bank account while they investigate alleged misdeeds.
3.A fully cashless society endangers freedom.Cash is empowerment :ask the young wife who saves spare cash from her alcoholic husband :or the old mother who stuffs spare notes under the mattress for years because it gives her a sense of autonomy.Indeed,in a misogynist country like India,cashlessness would hit women the hardest.
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