No Currency Minting Please.....!!
If America's majority can live on Credit Cards, if many Indians use Credit and Debit cards, there is absolutely no paper money needed. Do away with coins too! Save Lakhs of Crores by doing away with hard cash. Just like how offices go paperless, currency can go Mintless! That means your money will be electronic. As such it sure is! Then why not expand the entire currency dealing to electronics? Advantage? No money goes unaccounted. No transaction will be a secret. No one can steal your money! How to keep track of your money and not let some hackers simply move your digital money to another account? Well, our scientists, economists, mathematicians are brilliant. They will find a way out. As a layman, I think every source of your money must establish links to your destination account. Means, your company that pays your salary must link their "security transaction link" to your bank account. If your tenant pays rent, he pays it by bank. The transaction establishes...