manu1201

[शिक्षित बेरोज़गार @kaul_vivek]

Cash, UPI aur dhokha

My Paisanomics column in the Mumbai Mirror.

UPI has transformed how Indians pay.

Yet here’s the paradox: cash in the financial system isn’t disappearing.

Cash stood at Rs 42.8 lakh crore on July 31, up 12.8% in a year.

Cash-to-GDP remains around 12% ��� roughly where it was before demonetisation.

Why? Digital payments may replace cash for everyday transactions, but they don’t eliminate the cash economy.

Rural India, small businesses and the informal economy still rely heavily on cash.

Doctors, lawyers and even chartered accountants love cash, as do many mom-and-pop shops and bakeries.

And those sitting on black money have little reason to move it into a bank account, just because UPI has become a convenient way to pay.

Some of that cash finds its way into gold, real estate and political funding.

But there’s another dhokha. Tech bros and policy advocates assume digital payments automatically mean less cash and less black money. They don’t.

Worse, UPI has made spending almost painless. That is the real digital dhokha inflicted on Gen Z and younger millennials.

When one spends cash there is a pain that one feels while parting with it.

Spending money digitally – through credit or debit cards or through apps that use UPI – dulls that pain. One doesn’t feel the sting of parting with money

When spending doesn’t hurt, saving becomes harder.

https://t.co/xki7imHjJs

[manu1201 @manu12013]

@ParodyDhruv 270+

[manu1201 @manu12013]

@Sudanshutrivedi 215-225

[manu1201 @manu12013]

@SASIKANTSINGH10 Kaaniya pagal ho gaya hai

[manu1201 @manu12013]

@SharmaKhemchand Wen he will be assaulted like our wrestler

[manu1201 @manu12013]

@DrDatta01 What to do as der slogan has been changed from Beti Bachao to beti .... As bhakts are ready to sacrifice der family also...

[manu1201 @manu12013]

@drshamamohd Chor government???

[manu1201 @manu12013]

@drshamamohd @JM_Scindia BJP means corruption and rak... of big business tycoons.. Dey don't bother or care for the poor people of this country.. wen election will be nearby Dey will start playing Hindu , Muslim cards again to fool chutiya bhakt, 😃

[manu1201 @manu12013]

@rajeshnirmal12 @Jairam_Ramesh Agreed

[manu1201 @manu12013]

@whyypurvi From Jaunpur

[manu1201 @manu12013]

@Anjan94150697 We need both naresh Patel and Hardik patel

[Vinod Kapri @vinodkapri]

राज्य बताइए

[manu1201 @manu12013]

@Hardika_Yadav Hii

[manu1201 @manu12013]

@SmallBoxIndia More or less correct

[manu1201 @manu12013]

@ThaneCityPolice Sir 9819204456- Sadhana Mauryaji number - victims number

[manu1201 @manu12013]

@ThaneCityPolice sir saw this post on Facebook ..lady from Opal building, nirmal life style, mulund-west

[manu1201 @manu12013]

@ravishndtv sirji Amphotericin B injection require urgently in Nashik as patient has to be operated for Jaw removal which can be performed in jaslok hospital , Mumbai. To reach Mumbai he has to be administered 3 vial of injection.
Hospital name- Torne ENT , Nashik
Patient - Vinayak Kapse

[manu1201 @manu12013]

@sanjoyr03 Bjp will lose all states. Der mindset understood by people of India..
Dey are selling india to Hum Do aur hamare Do...
One day dey will sell india..

[Dr. Nitin Raut 🇮🇳 @NitinRaut_INC]

अब लोग कन्फ्यूज होंगे की अयोध्या जाएं या भोपाल?

[manu1201 @manu12013]

@KanganaTeam It's good to see demolition whoever against my Mumbai must be punished