Kiran Limaye, Himank Kavathekar ----------- On 8 November 2020, it will be four years to an announcement of policy of withdrawal and reissuance of high denomination currency notes, or what we popularly call ‘demonetization’. One of the stated objectives of the policy was encouraging the use of non-cash payment modes. It is generally considered that non-cash payment modes, debit and credit cards, mobile based payment mechanisms like UPI and prepaid payment instruments like mobile wallets are better than cash, for individual as well as for a society. These non-cash alternatives have less risk of theft and both ends of transactions are traced unlike cash which can be used without trace. But these non-cash modes require higher consumer involvement (for example, knowing pins and maintaining their secrecy and ability to operate smartphone beyond routine call receipt and dial) which are not acquired by section of population, mainly due to factors such as age or education. It w
Guiding light for the philosopher is the consistency or non-self contradicting nature of arguments. This blog attempts to see the issues under consideration from the lens of consistency and contradiction. The objective is to point out inconsistencies and contradiction. Sometimes, I might suggest a possible improvement, but it is not an imperative.