DOUBLE-EDGED TOOL

Source: The Hitavada      Date: 20 Jun 2018 12:47:31


 

 

 

 

 

 

 

 

 

DIGITAL technology is proving to be a double-edged tool in the hands of modern society. It has hugely impacted communication and is proving to be a great help in financial transactions the world over. And it is this easiness of the modern digital tool that crooks are using to defraud people of their hard earned money. Gullible and even the so called knowledgeable people are falling victims to frauds committed by remotely placed, invisible crooks. These fraudsters are proving even more smart than those who are digital technology savvy. So when global financial information company, Experian says that one in four Indian customers are becoming victims of financial deceit, it is not very surprising. Telcos, banks and retailers, where on-line transactions have grown exponentially over the last few years, are the worst sufferers. This only shows that crooks are making the most of the carelessness of the people in handling their digital tools. It is clear that enough precautions are not being taken by those who are used to extensive use of on-line tools for daily transactions.


RURAL HAATS

Even as NITI Aayog considered various ways to boost economy and development, Maharashtra Chief Minister Mr. Devendra Fadnavis sought a fund of Rs. 2,000 crore for modernisation of rural haats (marketplaces). Though this may appear to be a slightly backward idea, its importance to rural economy is critical. For, entire rural economy flourished through the haat that was witness to all growth. Subsequently, the rural marketplaces started declining in their efficiency and utility. Currently, the rural haats are no longer the vibrant, throbbing places where the economy got a boost on a regular basis. Mr. Fadnavis seems to have realised the importance of rural marketplaces as the planners seek to change the growth paradigm. Hence his request for a major fund for the cause. By asking for such an assistance, Mr. Fadnavis has indicated how new ideas can be applied to strengthen old economic boosters like rural marketplaces. This ideation is the need of the day for domestic growth. The more we produce such ideas, better will be the growth trajectory of Indian economy.