Role of digitization in banking
What is meant by digitization :-- Digitization is the process of converting data into digital format. Digitalization means the adoption of technology. But these two words are being used interchangeably.
- Banks are not just
Is India ready to be a Cashless Economy?
In Favor :-- Long before demonetizing 500 & 1000 rupee notes, Indian government is trying to increase cashless transactions through Direct Benefit Transfer Scheme, Jan Dhan accounts etc.
- From the moment higher denomination notes are demonetized, cashless transactions have increased
India’s fight against ‘Black Money’
What is Black money :-- Money earned through illegal ways and the money earned without paying taxes is called as ‘Black money’.
- Black money doesn’t always stay black. If a parent uses his black money to pay his child’s fee,
Is India prepared enough to handle cyber attacks?
Yes :-- National Technical Research organization (NRTO), which was formed in 2004, provides technical intelligence to internal and external security.
- Computer Emergency Response Team(CERT)-India notifies concerned regarding cyber attacks, analyses the vulnerability.
- National Cyber Security Policy, 2013 aims at protecting
Should Chinese products be banned in India?
Theme :-- India is requesting United Nations to list Masood Azhar, chief of Jaish-e-Mohammed as a global terrorist from a long time, but China is blocking it with it’s Veto power in United Nations Security Council. After the recent pulwama
