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The announcement of demonetization and it’s consequences has already troubled both public and government badly and now the goal of Cashless economy is an another challenge for the Indian Government, Few experts say that if this goal doesn’t achieve by the current government in next six months then the step of demonetization will be called a great blunder. The cashless economy is need of the hour as most growing economies in the world whether China or America has a larger number of online transactions than in Cash. There are many benefits of Cashless economy like it’s become difficult to bribe someone, the need of White money will increase resulting in less black money, the banking system will grow, the government will earn more money in the form of direct tax etc. Right now most land deals happen in Cash and that too mostly include black money. If you ever bought a land then you know that it’s impossible to buy a land without black money because of which in current scenario...

Ever since the announcement of Demonetization, The number of online transactions in India has increased to a greater extent, even Indian Government is trying all methods to promote cashless transactions via Debit cards, Credit cards, e-wallets and Net Banking etc. But with increase in number of Customers using all these payments methods which are quite new for them, the incidents of online frauds also increased. International Hackers are seeing this new trend in India as a great opportunity which lead to increase in number of Cyber Crimes. Indian Government need to aware general people regarding Cyber crimes and online transaction through various modes and make our law and police capable to handle this new scenario properly. If you are a person who does cashless payments then Do take care of following things: Hackers Generally convince you to download some random mobile apps or application by providing offers, with these apps they can use all the data available on you...

Ever since the announcement of Demonetization the use of ATM machines has increased in India and now people are also facing the problem of shortage of ATM machines in India. Well, India is a large country but still it has around 2 lakh ATM machines only, which is very less whereas America has more than 4 lakh who’s population is around 30 Crore and India have four times more population than of America so it should have more than 10 lakh ATM machines at least. According to a recent survey done by RBI, one out three ATM in India don’t work which make the situation worse along with Demonetization effect. A report of 2012 suggest that around 59% ATMs are controlled by SBI and around 95% of them work well a new report suggest, which is a good news if you are a State Bank customer but why other banks are not opening ATMs well there a financial logic behind this, A 2014 report suggest that a bank has to spend around Rs50,000 ($741) every month on ATM which is quite high and difficult ...