Colors of Life

When a child is born he doesn’t possess the ability to distinguish between the colors because of his immaturity of brain. All the colors appears White to him. Ironically a child trust everything whatever comes to him or whatever is told to him. He is yet to discern about right and wrong or good or bad. It’s not so hard to understand why a child is considered as holy and innocent as almighty God.

As the time goes on the child’s cognitive power is honed by his parents and relatives, especially, by the culture of his immediate surroundings. His brain starts distinguishing the different colors present within white but he is yet to differentiate accurately all the colors from white. But he notably he prefers Yellow as he progress more towards youth.

At 18, the child comes out of the shell of adolescence and commences his Green days. Green the symbol of youth, age of breaking all conventions, all rules, age of dreaming. This is the most crucial period of life when he can see all the colors of life, but, still it’s too early to comprehend the true sense of all the colors.

In his youth, when he falls in love he finds himself as the worshipper of Red and start forgetting the other colors. But he is disheartened or becomes unsuccessful he starts singing in Blue

Once that youth set his foot on world of work, he becomes a full grown man. He is now matured to the fullest degrees. He now understands the difference between Black and White i.e. Evil and Good.

Now, it comes the responsibility of his married life which is combined with love, sympathy, compromise, trust and responsibility. It’s like a rainbow in his life consists many colors of life.

One day that man becomes parent and bring a new life into the world. With his child the man once again the starts finding the old colors which he has forgot or tries to see the colors in the eyes of his progeny. In this way he brings some colors in his life which becomes Gray with the years passes away.

His life has seen all the colors he has to see and his life is no longer perturbed by the curiosity of knowing a new color. With the passing age, the man gradually loses the efficacy of his sense organs, not all the colors are so discretely visible to him. Now again all the colors of his life seems to converge to one single color which he started his life with i.e. White.

Cash Redundancy

 





20^th century has given birth to a new world which appears to be real but it’s not actually. All the essential components of real world are there which can be seen/observed but it’s intangible.

This is called Virtual World. This century has another contribution to the world which has shortened the distance between two people not physically but virtually.

And this has been possible because of the availability of mobile phones and Internet connections.

Currently, India has ranked  2nd in the world by the no of mobile phone in use. The figure is around 752 million which is growing by 15 million per month. With this growing mobile phone usage other organization like bank or other companies have started accommodating this new means. Online trading is already  there in place,  now a new trend of mobile-trading is gradually making progress.

In mobile trading there is a concept called Mobile Money Transfer Identifier (MMID) which is formulated by MPFI and adopted by NPCI and participating banks. It takes care of linking multiple accounts to a mobile, ensuring only people who are registered for receiving will receive money and avoids erroneous transfers to a large extent. Mobile phone user will have to download the mobile banking application on his instrument to remit money.

This is process will usher in lot of new concepts as well as fast and smooth transfer of money. All ready big players like AXIS, ICICI, HDFC and SBI have enabled the service to transfer money into another account. It’s not so far when a vegetable vender will display his mobile number and MMID and you will be able to transfer the required amount to his account at the same time payer and payee will be confirmed by a automatic SMS. So the money will change hands virtually rather than physically making the cash redundant.

In 21st century, every child will get a mobile and a MMID as soon as he is familiar with money or when his father has a feeling of his need. This mobile will be that child’s power of purchase for rest of the life.  The original or the ancient form of trade was barter;  the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money. Like barter or gold coin, one day, paper money will be read in history as virtual trading will eclipse the hand-to-hand cash transfer.

Those who use Debit or credit card can envisage such scenario more clearly. They get their salary credited automatically in the bank account at the month-end. Without having withdrawn any cash from the bank they use to spend money using debit card. Now-a-days, even small shops have started accepting debit card payment. Be it a cricket match, matinee show, restaurant table or  current bill, mobile bill one can avail all this facilities with the help of internet connection in PC or Mobile handset. At this ground it’s not hard to think the day of mobile-to-mobile money transfer without any liquid cash in hand.

Money is just a medium of exchange; It does not matter to us whether it’s  real or virtual. This redundancy not only makes paper note unneeded or useless, it will save lot of Government’s expenditures like manufacturing cost of paper note/coins, vigilance and security expenditure on counterfeiting or black money. Moreover it will be easy to keep check on tax evasion and black money.