Thank you Vandana. So glad the piece resonated. Actually there is so much happening around the Indian economy. Most of our gets drowned out by noise or falls between the cracks.
Will continue to strive to amplify these transformative stories.
Interestingly Anil, I find a pattern to the flow of events, whether by chance or design; in April 2016 the UPI was introduced and in November the same year, a note ban of Rs.500 and Rs.1000 currency, was imposed. Use of cash had been identified as a security threat, as it was used by terrorists and huge amounts of fake currency was being printed and also flowing in from some neighboring countries. The objective of switching to digital currency and reduction of cash transactions, has been achieved to an extent, unimaginable 6 years ago. The RBI and other financial institutions are really doing some heavy lifting and we will await your write ups eagerly to keep informing us, the further progress in this area. Thank you Anil for updating us.
Thank you Gautam. You are flagging an interesting coincidence. It could well be part of a strategy. Guess something we will never know because no regime wants to show its hand to terrorists.
Very interesting and insightful article, Anil.
There are many facts I was unaware of.Thanks for keeping us all so well informed about the crucial developments.
Thank you Vandana. So glad the piece resonated. Actually there is so much happening around the Indian economy. Most of our gets drowned out by noise or falls between the cracks.
Will continue to strive to amplify these transformative stories.
Best
Anil
Interestingly Anil, I find a pattern to the flow of events, whether by chance or design; in April 2016 the UPI was introduced and in November the same year, a note ban of Rs.500 and Rs.1000 currency, was imposed. Use of cash had been identified as a security threat, as it was used by terrorists and huge amounts of fake currency was being printed and also flowing in from some neighboring countries. The objective of switching to digital currency and reduction of cash transactions, has been achieved to an extent, unimaginable 6 years ago. The RBI and other financial institutions are really doing some heavy lifting and we will await your write ups eagerly to keep informing us, the further progress in this area. Thank you Anil for updating us.
Thank you Gautam. You are flagging an interesting coincidence. It could well be part of a strategy. Guess something we will never know because no regime wants to show its hand to terrorists.
Glad you liked the piece.
Happy holidays.
Best
Anil