The World We Live In!

Mobile Wallet is in thing today with demonetization and PayTM has gained the most acceptance from the cash crunch situation. There are other wallet services in the market, but for some reason, PayTM acceptance is much more than any other. Maybe that happened because they had inside information, or they have used our PM for promotion, I don’t know that. But this post is not about how they got so much acceptance. In fact, I am thankful that they got such wide acceptance as it helped me to go on with my life since demonetization without much of hassle. I have been using PayTM to pay for my Uber ride, for small purchases done at grocery or stationary store; I have even used it once in Pune for Tea on a small roadside vendor as well. I had few incidents which made me realise not to depend on PayTM fully, and this post is all about those incidents. I am not defaming PayTM service, but the idea is to tell you all not to depend “only” on PayTM or any Wallet. You need to keep your options a...

As we know that our government has taken a decision of demonetization of Rs 500 and 1000 notes from market and people are suffering due to cash crunch. I am not an expert economist to comment on long term impact of this decision, but I can see the situation on the ground, with short term impact. This article is not about merit of this decision, but it is about managing the situation in hand. We are in a mess with this implementation, and things are getting out of control. I have tried my best to come up with what the government and public should do to cope up with situation. I am not an expert on managing such large-scale crisis, so this is not a complete formula, but my two cents only.  What government should do: