Is India ready to be a Cashless Economy?

cashless

In Favor :-

  • Long before demonetizing 500 & 1000 rupee notes, Indian government is trying to increase cashless transactions through Direct Benefit Transfer Scheme, Jan Dhan accounts etc.
  • From the moment higher denomination notes are demonetized, cashless transactions have
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Is India prepared enough to handle cyber attack?

cyber attack

Yes :-

  • National Technical Research organization (NRTO), which was formed in 2004, provides technical intelligence to internal and external security.
  • Computer Emergency Response Team(CERT)-India notifies concerned regarding cyber attacks, analyses the vulnerability.
  • National Cyber Security Policy, 2013 aims at protecting
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Demonetization of old 500 & 1000 rupees notes – Is it a good move?

Background :-

  • On 8th November 2016, Indian Government demonetized 500 and 1000 rupee notes that are in circulation, and announced the issuance of new 500 and 2000 rupee notes.
  • Time limit was set to exchange old notes with new ones.
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