Q. Write an article on Role of Cashless payment in combating corruption.
Role of Cashless payment in combating corruption
By: ABC
Now a days, no work can be completed without money power. Education sector, health sector, or any other whether a government or non government, almost each and every sector of the economy is affected by corruption. Bribery, lack of transparency in payments are the most common forms of corruption. To combat corruption from the society, Cashless payment is a good move (positive step).
Cashless payment can play a very important role in combating corruption. To put it simply, cashless payment means payments without the use of physical cash. With the digitalization of economy, every economy are under the strict surveillance of the government. Each and everything is under the records of the government.
It can allow work to be completed as per the definite procedure. No individual can skip any of the steps from the pre determined process. Secondly, cashless payment can restrain the officials to fill up the vacant posts in their departments. They have to accountable about their source of income. By the means of cashless payment, all incoming and outgoing payments can be traced. It records even the petty payments such as petty bribes paid to police officers.
Moreover, the concept of under the table (secrect or hidden action) has almost eliminated. Putting in a good words for loved ones to get done what is not under ethics and morals is no longer exist. For instance, taking bribes or gifts for getting forced work done. Through cashless payments, the true income of the individuals can also be computed for tax purposes.
Thus, Cashless payment can be the ultimate weapon against corruption. The real end to corruption will come only when every transaction or income can be tracked.
So, In this way cashless payment can help in combating corruption from the society.
(Misuse of power (public) for personal gain — corruption )
(Misuse of power (public) for personal gain — corruption )
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