DigiTech Geeks

The new denominations that will be issued by the RBI now will use the art indigenous nano technology which means every Rs 2000 note is embedded with a Nano GPS New Delhi, November 9 : In order to put a full stop on the circulation of black money in the country, Prime Minister Narendra Modi on Tuesday evening announced to abolish the currency notes of Rs 500 and Rs 1000. While the specimen of Rs 500 and Rs 2,000 notes have been released by the Reserve Bank of India (RBI), there is no clarity about what will happen to the denomination of Rs 1,000. Meanwhile, people are confused why RBI is issuing Rs 2,000 notes. It has come to light that this currency is designed keeping in mind to eradicate the prevailing issue of black money. The new denominations that will be issued by the RBI now will use the art indigenous nanotechnology which means every Rs 2000 note is embedded with a Nano GPS Chip (NGC). Thus, the note of Rs 2,000 will be easily traceable. The NGC does n...

Prime Minister Narendra's Modi's sudden announcement of demonetising the  currency notes of Rs 500 and Rs 1,000  has kept almost the entire country and people have descended into cash crunch ever since. But there is a story behind this announcement and how one man, who was given just nine minutes to speak, resulted in the massive assault on black money. bhaskar.com Anil Bokil of Arthkranti , a Pune based financial think tank is the man who reportedly suggested some of the key measure to contain the  flow of black money in economy and banning the big currency notes was one  of them. Bokil who reportedly had met PM Modi, a few months back to give a presentation on financial reforms and how to contain the flow of black money. He was given time of just nine minutes to finish his argument, but  PM Modi reportedly found his arguments  so interesting that he kept discussing for almost two hours. These were the main recommendations by Bokil: BCCL ...