#ATM running dry ?
----------------------------
Over the past 2 days , various parts of the country
have reported that there are no currency notes in ATMs
For over 2 years now, I have been sending emails to
our Policy Makers to consider embedding RFID micro-sensor in Rs 2,000 /
Rs 500 , denomination currency notes
Had this suggestion been implemented , there would be
no need to fill up those ATMs with Rs 2000 / 500 notes !
INTENTION of my suggestion :
* To be able to trace / track , huge piles
of these notes anywhere ( min amount value to be fixed )
* To be able to draw up “ Currency
Map of India “
* To reduce cash transactions ( large
value only – mostly for purchase of gold / land / property etc )
* To reduce future generation of BLACK
MONEY
* To reduce CORRUPTION through taking /
giving of bribes in high denomination currency notes
* To give a push to digital payments
* With huge decrease in usage, no need to
print Rs 2000 / Rs 500 notes in large numbers ( who
wants IT dept to come
knocking at the office / resi , seeking explanation re: that huge pile ? )
* No need to worry about ATMs running out of
these notes ( the hue and cry of past 2 days )
* No need to worry about corrupt politicians
carrying suitcase full of Rs 100 notes for distribution
among the voters
It is still not too late !
18 April 2018
www.hemenparekh.in
/ blogs
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