Showing posts with label mpesa. Show all posts
Showing posts with label mpesa. Show all posts

Saturday, December 17, 2016

नोट, बेनामी प्रॉपर्टी और सोना

मोदी ने ऐसा कदम लिया जिसे जब बिल गेट्स माइक्रोसॉफ्ट चलाते थे तो कहते थे Bet The Company Move, यानि कि सारे के सारे कंपनी को दांव पर लगा दिया। मोदी के कदम से या तो वो २०१९ का चुनाव पुरे सफाया ही हो जाते या नहीं तो विपक्षी का पुरा सफाया। Demonetization सफल हुइ तो ममता केजरी सब का पत्ता साफ। नीतिश तो मैदान से निकल ही गए कि हम मुख्य मंत्री ही ठीक हैं।

केन्या कौन सा जर्मनी है। वहाँ तो डिजिटल पैसा बहुत पहले से चलता आ रहा है। M-Pesa बोलते हैं। नोटबंदी एक सुनहरा मौका है। पैसा digitization करने का।

मोदी ने बोल दिया अगला कदम है बेनामी प्रॉपर्टी। नहीं बोला होता तो demonetization फ्लॉप।

उसके बाद है सोना। काला धन से बड़ी समस्या है सफ़ेद सोना। लोग सोना रखते क्युं है। जितना बाहर विदेश से FDI आएगा उससे कई ज्यादा गुना पैसा तो देश के भितर है। सोना। भारत अभी भी सोने की चिड़िया है। सोना को पैसा बनाओ और बैंक में रखो। तो फिर देखो तरक्की।

१२ लाख करोड़ पैसा लोगो ने बैंक में रखा। अब ये अर्थतंत्र के काम आएगी।

नगद और सोना। यानि कि पुंजी की कमी।

दुनिया का सबसे पॉपुलर पॉलिटिशियन ने बहुत बड़ा कदम लिया। This shows he is decisive and a risk taker.

अमरिका १०० डॉलर का नोट इसी तरह वापस ले ले को दुनिया के सभी ड्रगलोर्ड समाप्त हो जायेंगे।

Tuesday, December 06, 2016

Done Right Demonetisation Will Prove Early Election

If the execution of the decision goes well it will be like Modi won the 2019 election before it was even held, with his opponents like Mamata and Kejri utterly vanquished.

It has been a big, bold move. It had to be done at some point if the Indian rupee was ever going to become a credible global currency, like the dollar, euro, yen.

12 lakh crores have been deposited into the banks. That is massive.

Gold is another major drag. And it is cultural. That is so much capital sucked out of the economy.

As for the anti corruption drive I am sure Modi knows this can only be the first step. Benaami property has to be one of his New Year resolutions.

T N Sheshan cleaned up elections in India. Modi is out to show corruption can be controlled across India.

Anti corruption moves are indispensable to robust economic growth rates. Done right this will catapult India to double digit growth rates early next decade.

The biggest concern of course is the cash crunch. I have noticed Ambani is giving three months free on his new data network. There ought to be a massive push for digital money. They do it in Kenya. It is called mPesa.

America should similarly recall the 100 dollar bill to empty the wallets of the druglords around the world.

Wednesday, October 08, 2014

$100 Billion Plan To Save The World

The bitcoin logo
The bitcoin logo (Photo credit: Wikipedia)

  1. Scale out the Google/Facebook drone initiative to blanket the planet with internet access, effective immediately. Cost $25 billion.
  2. Design a $25 smartphone and flood the Arab countries (and subsequently rest of the world) with them. The dollar a day crowd gets the phone for free. Distribute shared solar chargers alongside. Cost $25 Billion. 
  3. Use Bitcoin technology (zero cost for money transfers) and mPaisa technology (bank account on your phone, you get money on your phone, you pay back on your phone) to radically expand microfinance globally. The goal is to not generate any profit, just to keep the fund intact. Cost: $50 Billion. Anyone with a phone with internet access can borrow upto $100 per year as long as they keep up with their monthly payments. If they miss three monthly payments in a row, they don't get to borrow any more for the following two years, after which they can choose to get back in the swing. You need a phone, and you need to send in an image of your fingerprint to a central database, and your picture perhaps. There is an app for that. A credit rating agency is instantly being set up. This program comes from the air. There is nothing between the dollar a day crowd and the internet. The interest rate on the loan is 5% per year. This is to make room for the fact that 5% of the borrowers will default. You can only get $100 per year for now. The next Warren Buffet should add another $50 billion to this. This would be the magic bullet of curing poverty. 
The best way to fight ISIS (population: 20,000) is to show to them and to the two billion Muslims and everyone else how small and irrelevant they are. They don't speak for two billion people. This political challenge is primary. The military threat, though very real, is secondary.