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When the interruption of Intenet makes you cashless





Interruption of internet in Delhi NCR, Uttar Pradesh and other parts of the country, that are grappling with unrest over Citizens Amendment Act and the National Register of Citizens (NRC), should also be seen as a caution against excessive dependance on digital payment devices and retaining some respect for cash. In not so good-old-days, ''cash is king'' would literally be the mantra of life. Then came demonetisation and everything changed for digital India.

 

Cash or balance in your bank account is still the underlying asset that allows any of your digital transaction to be completed. Even if you are among those living on credit cards, you need to settle your bills electronically , month after month after for all your shopping, eating out, local transport and sundry transactions including, maybe, EMIs. The bottom line is all your earnings and spending are credited and debited electronically, making cash seemingly lose its currency sheen.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view









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