Subsidy for digital payments is high and should be avoided

US$392 million (2512 crore INR) taxpayer subsidy to wealthy and middle classes for their debit card transactions and online BHIM UPI or Andhaar-enabled transactions to promote digital payments is not proper, when India has urgent investment need in R&D, primary education for the poor, primary healthcare for the poor, railway infrastructure and environmental conservation.

Promoting digital payments is not bad. The Government should opt for more cost-effective measures such as:

1. Subsidy on merchant discount rate (MDR) for one day, say, Republic Day 2018
2. Asking some notable people to endorse digital payments
3. Honoring financial institutions that innovate to reduce the cost of a digital transaction
4. R&D grants to reward innovations in digital transactions

State of economy: Uttar Pradesh in India

If Uttar Pradesh state becomes an independent country, then it will be the POOREST "large" country in the world.

Solution: work hard, avoid marrying at young age, have less children, vote for honest public representatives.

Primary reason for not supporting bitcoin

Primary reason I am not supporting bitcoin is due to its enormous destructive impact on environment. This is only going to get much worse. Hoping that a new innovation will replace this craziness as soon as possible.

Link: powercompare.co.uk/bitcoin

Temporary solution: Governments should regulate the electricity supply to bitcoin mining. Price the supplied electricity much higher. There are challenges to implementation, but doable.

Environment, and quality of life of common man are most important.

I endorse Mohit Yadav to get BJP ticket to contest in Alwar Member of Parliament by-poll

The Member of Parliament for Alwar Lok Sabha constituency in Rajasthan passed away on September 17th. So, a by-poll will be held for this constituency soon. I personally know Mohit Yadav for the last 9 years, an young, dynamic and humble public problem-solver from Alwar. He has notable academic credentials, and has set up his own entrepreneurial firm providing service throughout India. The name of his young company is Gadget Cops, that provides insurance for mobile phones and other gadgets of consumers. He is a Full-TIme MBA from the University of Chicago Booth School of Business, one of the top 4 business school programs in the world. He has worked in the investment banking in the US for many years. He and his family are associated with Bharatiya Janata Party (BJP). So, he is highly educated, has business skills, energetic, loyal to his party, and extremely interested to serve the people by assuming the responsibility of a dutiful Member of Parliament, if he gets to contest on BJP ticket and win the election.

Our country needs capable, knowledgeable and enthusiastic people to take up the onerous responsibility of serving people through the platforms of political parties and through elected Governments. We want more people like Mohit Yadav to come forward. You should note that the opportunity cost of Mohit Yadav is immense, because he has the ability to earn a lot of money either by strengthening his company, or by working in high-paying jobs in finance in the US. However, he has chosen to devote a good part of his time to serve the people.
I endorse Mohit Yadav to get the BJP ticket to contest as BJP candidate for the Alwar Lok Sabha by-poll elections.

- Dilip Sankarreddy
September 30, 2017