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.