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How Demonetization Is Affecting India’s Citizens

Bitcoin.com (BC): As an ordinary Indian, what effect has the demonetization had on you up to now?

Sameera Pandilakshmi

Sameera Panddilakshmi (SP): In fact, demonetization has had an adverse effect on the way I carry out my daily actions. With exchanging the rupee notes at banks which is highly 19, I had to begin. Discomfort is caused by changes in the rules regarding the demonetization process on a frequent basis by the Government of India as one had to keep up with the deadlinesswisssoft bitcoin casino cost bitcoin wallet for casino I don’t know what the government is attempting to accomplish. New rule every three days and bitcoin casino no deposit bonus code. Individuals have feelings everywhere. There’s a sense of urgency attached to even simple chores like shopping at a grocery store/supermarket, paying power bills, filling up the tank, etc..

BC: Do you think many Indians are for demonetization?

SP: Originally, the majority of Indians welcomed the demonetization move. They considered that it would wipe out corruption, hoarding of money that was black and the financing of terrorism. As days passed by, the consequences of the demonetization procedure made Indians question the effectiveness of the move. Over 80 people have lost their lives due to various reasons ranging to being denied treatments at hospitals because of lack of money notes of 38, from standing at banks for hours.

BC: From the perspective is a cashless society possible in India?

SP: the whole transformation of India into a cashless society is a possibility, though it can not happen overnight. The transition will be more easy for urban India in comparison to rural India due to greater integration of the system in areas that are urbanbitcoin casino and facuet top 10 bitcoin casino EWallets like PayTm, Freecharge, Ola Unified and Money Payment Interface software facilitate transactions that are electronic to a great extent.

It’s essential to note that over 80 percent of the Indian population resides in rural areas and the government has been working on various schemes that aim financial inclusion.

Welfare schemes like National Mission for Financial Inclusion, Pradhan Mantri Jeevan Jyoti Bima Yojana  (Scheme for Life Insurance),  Pradhan Mantri Suraksha Bima Yojana (Scheme for Accidental Death Insurance) have encouraged rural Indians to come forward and participate in banking operations.

RuPay Card Scheme launched by National Payments Corporation of India (NPCI) has proved to be a starting point for electronic transactions among rural people. Improvise and it is imperative for the government to scrutinize payment initiatives on a regular basis to ensure that there is a smooth transition to a cashless economy.  

‘Learning the Technicalities of Bitcoin’

BC: Have you heard about bitcoin, and do you think it’s the remedy for your current situation?

SP: Yes. I’ve heard about bitcoin. I am learning the technicalities of this bitcoin system. Though bitcoins may not function as a remedy for the demonetization process I’m looking forward to using them. I am comfortable with transactions for now.

BC: How does the situation make you feel about rulers and government?

The demonetization procedure has caused a great deal of inconvenience among people. The right to exchange and the right to life was affected during the first days of the demonetization process. The government might have done better as far as planning, and execution of the demonetization move is concerned. I am excited about the results the demonetization move is to yield.

What do you think about India’s demonetization policy? Share your views in the comments below.

Pictures courtesy of Sameera Pandilakshmi

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Source: bitcoincasinoreview.net

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