Demonetisation
has been the talk of the town in the recent times. It is a step taken with an
intention to bring about a revolutionary change in the economy of the nation. The
motive is to curb black money. All the money that was hidden will become piece
of paper overnight, if it is not exchanged with current currency unit. The
biggest advantage of demonetisation is that it allows government to track those
who have large amount of unaccounted cash. Since the major use of black money
is for illegal activities like terrorism funding, gambling, inflating price of
real estate, gold, etc., this step can have a major impact across India.
Managing
Director of Adarsh
Credit Co-operative Society, Mr. Rahul Modi, has been in news for his words
of wisdom as he speaks about Demonetisation. He has shared his positive reviews
on the same. In a CA conference in Udaipur, Mr. Rahul Modi encouraged the use
of digital money in order to make economic transactions easy and transparent. He
showed his appreciation for Government’s decision of going cashless and using
Digital Money; and requested everyone to give complete support to the
Government on this. During the conference, he stressed on the importance of CAs
(Chartered Accountants) in fighting the economic crisis. CA profession has
always been an integral part in the country’s progress. This is the second most
popular profession worldwide.
He also explained
about how, in today’s era, the CAs play such a crucial role in the economic
state of the nation. The progress with which Indian CA have incorporated International
Accounting Systems, no other country might have. Today, the importance and need
of CA has increased manifolds. With economy becoming digital, the need for
maintaining reports and other financial documents has also increased.
Adarsh
Credit also came up with Adarsh Money and encourages everyone to use the same.
In the conference, he explained the benefits of using Adarsh Money. Adarsh
Credit has always taken steps towards the betterment of people. In such times
of need, Adarsh
Credit Co-Operative Society Ltd. appreciates initiative to uncover scams and scandals
of the corrupted people and to combat against terrorism, black money and
corruption taken by Indian Government.
Mr.
Rahul Modi ended the conference showing hope that this bring a change and works
better towards a progressive nation.
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