AGARTALA, Jan 17 (TIWN): What’s the basic problem of CPI-M with cashless ? Instead of focusing how to boost the cashless economy in Tripura, the left front party yet in clash with the centre for its initiative into cashless economy. Whereas IOC, CNG Stations, few institutions as NIT have already adopted cashless economy, but the state Govt has no desire to function the E-payment system. Via a press release, Tripura CPI-M declared about a 5 day long protest against this cashless move initiated by the Central Govt. Now question which is coming again and again why the Govt is so less interested about this cashless move? Cash is often related to corruption, which has been leading all the undertable relations and scams in the country. In this situation the strike on cashes have worked just as a threat to many such people. Not only CPI-M but Congress, Trinamool also have joined in the same Anti-E-Banking system. Also the Govt blue printed how to defeat this cashless move in Tripura.

Even after the Chief Secretary Y P Sing announced almost before 20 days that people can use their debit cards in GB and IGM Hospitals from January, the system was not launched here.

Moreover,  asking the IGM Head, Radha Debbarma it was known that due to unavailability of the infrastructure the progress for cashless transaction is not possible. Now question arises, why the State Govt announced the declaration, which created much confusion among the mass.

However, hopefully the dragging for cashless transaction will begin soon in Tripura too as with the Modi Govt’s initiative atleast people can raise question for transaction only by Debit cards. Apart from Hospital, already few CNG Stations are giving chance for the cashless transaction, which will be launched in petrol pumps also.

Now question arises how cashless transactions will diminish the corruption in the state.

There are various types of corruption: 1. Bribe, 2. Counterfeit Currency, 3. And other type of corruptions

1.     In India on road bribe in one year is about 2,200,000 million INR. It is the small part of corruption. There are many type of laws to reduce it. But government and system fails to stop it. There are many places of bribe, police station is on the top of them. 

2.     Corruption is only possible due to low class banking system and cash economy. In India 98% of corruption exist only for due to cash system, says a data. This is the main advantage of cash that cash is not traceable. Cash also is not accountable. Cash cannot controlled by government. Cash can used easily in everywhere of country.

3.     E-transactions are safe, low time consuming and transparent. Government can easily trace overflow of money like corruption money or black money in someone's account. Government easily find out to the black money.

A source said that in coming days, all transactions above a certain amount cannot be made in cash. Instead, they must be made using debit cards, credit cards, checks, or bank transfers. This means that any large transaction can be traced. Further, large cash withdrawals or deposits should be disallowed. This means that one cannot draw large amounts of cash to make a dodgy transaction. 

It is estimated that around 50% of Indians didn’t not even have bank accounts, and with Modi’s initiative all will come under bank-service atleast people will bound to learn banking.

Although CM Manik Sarkar said, he can not be in the central committee for cashless transaction, but his own state will see a revolution in cashless transaction and hopefully corruption to be reduced a lot.