Saturday, December 30, 2017
Saturday, September 16, 2017
Financial Digitisation
But looking at another aspect of it a question arises that Are we taking a Parochialism view on the issue? Clearly we can say that rise in digital transaction is not behaviorally induced within people. It is mainly due to policies of govt. and effect of demonetisation that lead to this coercive transition .Surely, The use of this electronic highway for transactions have transformed our financial outlook to a great extent. It has not only improved govt. efficiency to deliver welfare schemes but also helped in curbing tax evasion. Also it can ensure routinely transfer of payments to beneficiaries of various schemes such as MGNREGA and SSP. Still inflicting the use of this electronic highway by govt. is questioned by various laureates who argue that it doesn’t seem in compliance with individual rights and autonomy.
However,whether or not it is in compliance with individual rights, it can help in addressing bigger issues like poverty and malnutrition.But its not only rights various other issues concerns this digital infrastructure such as
- Increasing Cases of Frauds and Cyber attack.
- Lack of Knowledge about it among citizens
- Lack of awareness of its benefits among citizens.
- Absence of robust digital infrastructure to serve this large population.
- Absence of basic infrastructure such as electrcity.
Finally the government need to take measures to tackle these problems such as
- The government need to release data about how much it has benefited from this increase in digital transactions in terms of percentage of budgets and how much of it has been spent on various sector such has health, education, security.
2. Also, the govt. needs to launch awareness campaigns telling people about its benefits.
3. It need to build adequate digital infrastructure ensuring connectivity in remote areas as well as building support infrastructure ensuring adequate supply of electricity to these areas .
4. The govt. need to launch portal and programs in coordination with gram panchayats to teach people about making digital payments its security concerns i.e. what to do and what not to do. It will also enhance the security.
5. It also needs an robust cyber security system as well. So cooperating with countries like Israel can help in building and enhancing our cyber security system.
6. The RBI needs to cooperate with banks and also ensure that they provide adequate and quality services to their customers in digital domain.
7. Also the govt. will need a backup mechanism of transaction apart from digital space to deal with uncertainties like flood, earthquake and other disasters. So possibility of another means of transaction need not to be ruled out completely.
Overall this transition is questioned in variety of ways but still it has helped our economy and addressed various lacuna and problems prevailing for a longer course of time. With more appropriate investment and usage of it we can avail its benefits in long term and also address the macroscopic problems like corruption, poverty to a greater extent.
Wednesday, August 30, 2017
The Blue Whale Challenge, today's big question
It is an 'Internet/Social Media' based game. The task is assigned to each player by a curator of the group. Initially, it begins with easy tasks like
Sunday, November 13, 2016
India-Japan Civil Nuclear deal and it's impact on India's 3-Stage Civilian Nuclear Program.
"Energy security is an important element of social security." India's 3-Stage Nuclear Program tries to ensure the same.
Wednesday, November 9, 2016
Sunday, September 18, 2016
Killing of an Abstract noun : Whole world doing it wrong.
- George W Bush. Today everyone know that USA and UK did this nasty war that changed the world and middle east for worst.
But my point is that how one can wage war on terrorism. What is a terrorism? Is it a man, women,
Saturday, January 30, 2016
Poly-bag to Cigarette : Governments are doing great job.
If you caught possessing poly bag you will be fined Rs. 500/- in Uttar Pradesh and if you found selling cigarette below 18 year old you will be find Rs. 200/- Under Cigarette and Other Tobacco Product Act, 2003. (here in after TPA).
Tobacco is curse for younger population, Because realise or not you are an asset for nation and to prove yourself as an asset you need to be fit physically and mentally. While consuming cigarette like Cheetos and Kurkure you can never remain fit physically or mentally.
Monday, January 4, 2016
Internet.org to FreeBasics : The bunch of lies
What is it ?
It is a platform for providing free access to internet for users who subscribed particular telecom network presently, Reliance in India.
All the traffic will be free for the FreeBasics/Internet.org and associated website. Rest of the internet will be charged.
It appears good why everyone is opposing ?
Sustainability of Social Network lies in number of people connect through it. facebook is dominant one in this situation. It now aims at reaching to hitherto not connected population. This move will give facebook to access about 20% of population of world which is either in remote areas or too poor to access the internet.
BUT, FreeBasic platform is proving free access to some website which is selected by facebook itself. Means facebook will decide which is good for us.
It says "Data" which will be generated by it will not be used by facebook. Come on are you kidding. facebook a company which survives on data will not use data from it.
Facebook concept of equality, Give poor to access to some websites free and charge for others. Actual concept of equality, give access to all the internet at low cost or free of cost. It is more like Digital apartheid than Digital Equality
In current version facebook is sole authority to decide who will be the partner in the project. Means facebook will posses monopoly over network. This will result in restriction on innovation over the FreeBasics network.
New services which are innovative and enhances the productivity will have to conform the facebook marketing strategy. Otherwise you are not allowed by facebook.
Corporate with deep pockets will pay and get access to the platform but small and innovative startup will loose the competition. It will ensure rich will be rich and poor remain poor by ceasing their opportunity for fair competition.
This situation will also limit the potential of poor population which will access the internet through FreeBasics because the technology/ website/ portal which will not join FreeBasics will remain inaccessible from them.
For Example, if Whatsapp would have emerged in time where net is flowing through FreeBasics then certainly service would not have been same as it is today, because facebook would have manipulated Whatsapp in the manner where facebook can save million of dollars which it had to spend for buying Whatsapp. Since facebook messenger was loosing market shares to Whatsapp.
Promotion of unhealthy competition is also a threat. e.g. If Flipkart subscribe for platform and Snapdeal does not then Flipkart will be taking advantage of the situation and it is also possible that Flipkart and facebook may go in secret pact which will disqualify any other e-commerce to ensure Flipkart holds monopoly on it.
Therefore, bottom line is that internet which is out of control from any particular organisation is pain full for many ones. That's why they are trying to control it by playing emotive card of free for poor under the grab of equality.
So Mr. Mark you are genius but we are not fools. If you really intent to server the cause so make it promising.
So Mr. Mark you are genius but we are not fools. If you really intent to server the cause so make it promising.
Sunday, December 27, 2015
Keep your friends close and your enemies closer : An Essay
“Friends” and “enemy” has been since the time and it is not just in human nature or in human world, evidences are scattered all around the nature and ecosystem also.
Keeping the friends close and enemy closer provides an opportunity for critical improvement in thought, attitude, behavior and it only make us higher achiever. Arthashastra, written by Kautilya (Chanakya) oldest collective account of state-craft in the world; has insights of diplomacy based on keeping friends close and enemy closer. He suggested how king must keep an account of activities of enemy more than the friends. This certainly brings a competitive perfection in one’s preparation.
Saturday, August 8, 2015
When women lost the main stream : Historical Perspective
In present scenario of society there is a wide spread debate over the "The Women" and their status. This is really a great time for women because men have now started to fight for the rights of women. But my argument is limited to the historical perspective, this article will deal only with 'at what time in history women lost the equal status and why'?