Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 34 of 44.
Sathish said:
7 years ago
In my opinion I would like to add some demerits. The cashless economy is much useful rural people but it's a total burden for urban pepole. The urban people is not aware of technology and they need some assistance and they are charged extra for it. For paying an electric bill in a browsing centre one urban people has to spend atleast 20rs which is a big one for ordinary urban pepole. So cashless economy increased burden to the urban people.
(4)
Tapan said:
6 years ago
Hello. Good afternoon.
This program inaugurated by our PM Narendra Damodardas Mod in the year of 8th Nov 2016.
My opinion, now a generation Aadhar has been using every field for Identification. It's not hacked easily, but nowadays crime in every sector going on Increase. So Aadhar is not secured. Our high court announced that Aadhar is not compulsory for all activities.
So, I think Aadhar is not necessary or not safe for us.
Thank you.
This program inaugurated by our PM Narendra Damodardas Mod in the year of 8th Nov 2016.
My opinion, now a generation Aadhar has been using every field for Identification. It's not hacked easily, but nowadays crime in every sector going on Increase. So Aadhar is not secured. Our high court announced that Aadhar is not compulsory for all activities.
So, I think Aadhar is not necessary or not safe for us.
Thank you.
(7)
Payal said:
7 years ago
Cashless economy is obviously a good concept but it comes at the cost of privacy of people. This concept reduces the need for holding cash and through this concept, the circulation of fake currency can be regulated. But to go cashless means getting digitalized for which literacy is a must which is a limitation for Indian economy. Also, for digitization, accounts are linked with cards which may lead to the hacking of private information.
(11)
Mohd Murad said:
7 years ago
Merits of Cashless Economy:
1. It does not need to carry cash with him or her everywhere which in turn reduces the chances of theft from the wallet.
2. It saves the time and paperwork.
3. We can transfer anywhere in a few seconds in the world from one to another place.
Demerits of Cashless Economy:
1. Only educated people can do these things.
2. Good internet connection required.
3. We should have very careful while doing transactions.
1. It does not need to carry cash with him or her everywhere which in turn reduces the chances of theft from the wallet.
2. It saves the time and paperwork.
3. We can transfer anywhere in a few seconds in the world from one to another place.
Demerits of Cashless Economy:
1. Only educated people can do these things.
2. Good internet connection required.
3. We should have very careful while doing transactions.
(52)
Dimple Gautam said:
5 years ago
Hello, all of you, today we are here to discuss merits and demerits of the cashless economy so let's break the ice cashless economy is best there is no doubt about it but it has many cons. First thing should be discussed is hacking this word create an image of threat in our mind everybody wants to know how much his transaction is secure so that is I think is big cons about cashless economy know I want to know yours view if you have any.
(18)
Vivek Kumar singh said:
6 years ago
In my opinion, the cashless economy is beneficial for us it saves our time. Before this, we have to withdraw our money to do shopping or buy anything. But after this, we can pay anywhere using our mobile app like phone pe or Google pay. When we pay using this app then we also got some cash back.
Apart from merits, there is some demerit of this technology like our data is not safe. Some person misuses our data to steal our money.
Apart from merits, there is some demerit of this technology like our data is not safe. Some person misuses our data to steal our money.
(5)
SUNNY KUMAR said:
5 years ago
In my point of view, cashless economy is very beneficial for our country. Because the number of tex payer in our country is very low so with the help of it we can improve our economy and we can also stop corruption which is in the form of black money. Our government can save the money which waste on the printing of cash. But it has its demerit also cyber crime cases are increasing rapidly. And it is not suitable for every person.
(30)
Sreemanti Dey said:
7 years ago
The Cashless economy is the great discovery in our civilization. By this technique, we can do business with the help of the internet. The consumers can buy any products at a reasonable price. But it has the disadvantage. The rural areas has not the facility of internet connection and the people are not so up to date. The hackers can collect the all the information of consumers if he or she has not the proper antivirus software.
(11)
Rakesh kumar khuntia said:
6 years ago
In my point of view, The advantage of a cashless economy is very important Step or part of making digital India. This program also reduces or prevent being stolen by theft & making peoples safe. The Internet is playing a very role & it is needed to making a cashless economy.
However, the peoples are coming from rural area & uneducated peoples are facing some problem. But for future it's provides great towards India.
However, the peoples are coming from rural area & uneducated peoples are facing some problem. But for future it's provides great towards India.
(4)
Prasanna said:
5 years ago
Once cash will become imaginary then it will be easy to handle it. Example for that if a man does lacks of rupees transaction, then keeping this money as hard cash will be more dangerous. Instead of this transaction through account leads to more safety for Cash.
Since coin has 2 faces, at the other hand, if any server not maintained correctly then it would be easy hunt for cyber-criminals. That's it. Thank you for reading this.
Since coin has 2 faces, at the other hand, if any server not maintained correctly then it would be easy hunt for cyber-criminals. That's it. Thank you for reading this.
(14)
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