NEED OF THE HOUR.
.In order to increase the usage of Plastic Money, and reduce the cash transactions as far as possible :
1.Scrap all charges imposed for usage of DEBIT/CREDIT CARDS to encourage people to use Cards and avoid cash in their day to day transactions.
2. Encourage the genuine money transaction Apps like Pay Tm,Pay U Money,Oxygen, Mobiquick, and similar payment Apps which the Govt.find genuine and ask the banks to foster them.
3.Small traders also must be directed to use CARD SWIPING MACHINES (with receipts) and make them to buy them and get connections by providing interest free loans to buy machines.
4.The manufacturers of Swiping Machines must be given encouragement by giving Excise Duty exemption for one year.
5.Internet providers/ Broadband connection providers who cater the needs of Swiping Machine functions, must be directed to provide/improve their connectivity and services without interruption so that business translations do not get disrupted.
6.All PSU Banks and Private Banks must be directed by RBI to furnish the statements of SB accounts once in a week and small statements (last 5 transactions) as and when missed call is sent by. their customers to the relevant banks. No charges must be levied.
7.Use of Debit cards at any banks must be allowed without additional charges for another 6 months to ease the transaction crowds.
8.Conversion of Old notes by genuine poor people (no-bank customers ) for new notes can be allowed by other customers for a maximum of 10,000/- by giving a statement about the details of persons along with poor persons Aadhar card attested xerox (original for showing) as one time affair. This will ease the problems.
9.For the past 9 days the genuine bank customers have been put to lot of inconvenience and problems in accounting they are unable to reconcile their wrong entries with the banks due to heavy rush. Hence Transactions with Non-customers of Banks(general public) for changing notes must be done out side the premises like separate special counters in schools, in Micro ATMs, Mobile ATMs, Co-op Bank counters with Aadhar card IDs, ETC.
10. Print 500/-,100/-notes, 50/- notes, more in numbers in the Govt security Printing Press at Mysore, etc at 24 hrs x 7 days for 1 month so that adequate new notes could be injected in to circulation to the needs of common man for their daily translation.
The RBI and GOVT OF INDIA, Min of Finance must examine this with the knowledge of P.M. Mr.Mode more
1.Scrap all charges imposed for usage of DEBIT/CREDIT CARDS to encourage people to use Cards and avoid cash in their day to day transactions.
2. Encourage the genuine money transaction Apps like Pay Tm,Pay U Money,Oxygen, Mobiquick, and similar payment Apps which the Govt.find genuine and ask the banks to foster them.
3.Small traders also must be directed to use CARD SWIPING MACHINES (with receipts) and make them to buy them and get connections by providing interest free loans to buy machines.
4.The manufacturers of Swiping Machines must be given encouragement by giving Excise Duty exemption for one year.
5.Internet providers/ Broadband connection providers who cater the needs of Swiping Machine functions, must be directed to provide/improve their connectivity and services without interruption so that business translations do not get disrupted.
6.All PSU Banks and Private Banks must be directed by RBI to furnish the statements of SB accounts once in a week and small statements (last 5 transactions) as and when missed call is sent by. their customers to the relevant banks. No charges must be levied.
7.Use of Debit cards at any banks must be allowed without additional charges for another 6 months to ease the transaction crowds.
8.Conversion of Old notes by genuine poor people (no-bank customers ) for new notes can be allowed by other customers for a maximum of 10,000/- by giving a statement about the details of persons along with poor persons Aadhar card attested xerox (original for showing) as one time affair. This will ease the problems.
9.For the past 9 days the genuine bank customers have been put to lot of inconvenience and problems in accounting they are unable to reconcile their wrong entries with the banks due to heavy rush. Hence Transactions with Non-customers of Banks(general public) for changing notes must be done out side the premises like separate special counters in schools, in Micro ATMs, Mobile ATMs, Co-op Bank counters with Aadhar card IDs, ETC.
10. Print 500/-,100/-notes, 50/- notes, more in numbers in the Govt security Printing Press at Mysore, etc at 24 hrs x 7 days for 1 month so that adequate new notes could be injected in to circulation to the needs of common man for their daily translation.
The RBI and GOVT OF INDIA, Min of Finance must examine this with the knowledge of P.M. Mr.Mode more
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The System of Cards befitted both Banks & their Valued Customers both with Saving Expenses . If this system does not make the Banks to head losses to them , THE RBI HAS TO DIRECT THE BANKS TO BE AWAY FRO THE BANK CHARGES . If the Banks loosing the Band Charges is more than their Saving from Establishment Expenses in the introduction of Card System , ARE INDEED TO BE PAID PLEASE . more
Nov 17
First, Allow Only Deposit of OHD notes in the Account. If the person doesn't have account in any bank, then open his bank account and after opening the account, allow the deposit and withdrawal.This would good to trace the transactions. Exchange of notes does not lead to cashless economy. It indirectly means cash transaction. more
Nov 17
Revisit taxation system and the slabs and rates in Direct taxes should be reasonable and GST rates should also be lowered. Strict measures both at Center and State with frequent raids should be established to stop corruption. Review the reservation system both for education and employment. Cash less system with minimum cash spending . Public Servant salary should be better so that he will not compare with others and misuse power to make money. Registration charges and Bank charges should be reasonable. Finally, speedy disposal of files in government offices and practical Regulations will discourage black money. more
Nov 17
