Terror nationalism to cash less to less cash ! is there any end to this joke of understanding of economy of money with our country's economists who control this country's economy?
1. Isn't it cash either physical or digital still cash? Where is the question of cash less or less cash!
2. Every printed note is signed sovereign guarantee by the government of India. Is there any such sovereign guarantee for digital money?
Is the Digital money legal at all without such a sovereign guarantee??
Is there any constitutional validity for this digitisation of currency without parliament amendment ?
3. Also every tom dick and harry are starting apps and swipe machines taking all information about bank details of people and pass words and if these companies fail, fraud or sell these data, who will take the responsibility?.
There are laws controlling stock markets and its dealers, is there any law in this country to monitor and control these companies mushrooming in this country ? If they become fly by night companies what is the guarantee or under what legal provision these companies will be dealt by the law? is there any clarity?
If the government is making the digitisation (cash less or less cash) as a method to cover up the short supply of currency, they look like entering into a biggest breach of law of the land. Government must get to act on these issues immediately else the crisis is going to destroy the value of sovereignty that our country as a nation rest upon.
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