Knowledges in Management
Choose your interests from a vast range of topics
Ritika Iyengar
Cocacola case analysis
Coca Cola Case
Shreyansh Kundra
E-commerce-Operation Strategy
E-commerce-Operation Strategy -PROCESS FLOW OF E-COMMERCE -VALUE ADDING AND NON-VALUE ADDING ACTIVITIES -ISHIKAWA DIAGRAM -AMAZON’S OPERATIONAL STRATEGY
Alisha Bharti
Industry Evolution
Industry Evolution Trajectories of Industry Change
Smyra Malhotra
Danaher Corporation
Danaher Corporation
Supply Chain in Hospitality Industry
This is a presentation on the Supply Chain in the Hospitality Industry
Shantipriyan VG
Bullwhip Effect
Bullwhip effect
HARI KAKARLA
Ila Jha
SPORT OBERMEYER- Operations
SPORTS OBERMEYER- Operations
Lakshya Kukreja
Avik Paul
Search Engines
These notes contain information on various types of search engines,
Aditya Bhardwaj
Is India ready for a cashless economy
Is India Ready for a Cashless Economy? The cascading effects of Demonetization is enough proof that India is not ready for a cashless economy. But then it will never be, just like no student is ever completely ready for an exam. Most parts of the country are rural areas and the issues related to connectivity persists across the country. But then, a country as populated and diverse as India or any other country for that matter, will never be completely ready for a policy change. Whether cashless economy or any other change, implementation of a government policy has always been a huge challenge in this country. So the main question that arises is that “can cashless economy be implemented in India successfully?” The answer is yes. The way to do it is by executing cashless policy in parts of the country which are ready to go cashless. In cities like New Delhi, Bengaluru, Mumbai, Hyderabad, Chennai and Pune, a huge portion of population have already started moving towards cashless payments and other monetary transactions. This can be further spread across to the ones who are still using cash by introducing government policies that make it compulsory to go cashless. And just like other aspects of development the cashless system would also spread across in the neighboring towns, this is how India can become cashless. This process would take time but the implementation would surely be better than just announcing India cashless overnight. Let us take an example of how cashless economy would spread from major cities to nearby towns. Consider Agra, a small city majorly consisting of small/big tourist based businesses running on cash. The foreign tourists that visit Agra come majorly from the nearest international airport of New Delhi. If New Delhi is cashless, tourists would have limited cash with them when they arrive at Agra, which would in turn provide a very strong incentive for Agra to go cashless. In November 2016, our prime minister declared demonetization of Rs.500 and Rs.1000 currency notes. This resulted in an immediate chaos, the way citizens tackled this in cities was by using mobile applications such as Paytm and the craze for going towards cashless economy had started (Thanks to the cash back offers available on cashless modes of payments). Goa declared that from 1stJanuary 2017, the state would be cashless, a miserably failed first attempt by the government to implement cashless economy. The main reason behind failure of this attempt was that Goa is run by a number of small tourist based businesses that run only on cash. The citizens of Goa were still recovering from the effects of demonetization that took place in their peak earning season. They were just not mentally ready for a move like this, neither did they have proper equipment installed for such a technology dependent shift in payment modes. Hence, answer to the question if India is ready for a cashless economy is no, as most of the parts of India aren’t. But few parts of the country are ready to go cashless and if we start from those parts without disturbing the other parts, India can gradually make the shift into being cashless. It will take time but then every policy change of this stature will. Arjun Khurana
Arjun Khurana