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“It was a bold move”, says Bill Gates on demonetization of currency.

After the Prime MInister Mr. Narendra Modi announced the demonetization of 500 and 1000 rupees notes on 8th of November…

By Administrator in News on November 18, 2016

After the Prime MInister Mr. Narendra Modi announced the demonetization of 500 and 1000 rupees notes on 8th of November 2016. “It was a bold move”, says 61 year old billionaire and founder of Microsoft Bill gates on Thursday and he also did not have any opinion on this issue. Bill gates also says that India will have a more digitised economy in the next several years which will help in removing the Black shadow of the Indian Economy.

On Wednesday while giving a speech on ‘Transforming India’ at NITI Ayog he said that it was very good move by Mr. Narendra Modi to demonetise the big denomination and get new currency notes with security importance and features to deflate the shadow of Indian economy. Bill Gates was really moved by the step that was taken by Modi.

Praising the introduction of the Aadhar Card scheme and Pradhan Mantri Jan Dhan Yojna for the people who do not get advantage to get connected with the banking system. Philanthropist Bill Gates says ” India has collected all the parts for the vision of digital financial inclusion and also he said the aadhar will soon covert large number of paper-based bank accounts to a 30 second digital bank account. he further added that the Aadhaar Unique ID system will create a centralised data storage.”

Gates who is co-chair of the Bill and Melinda Gates Foundation, says that the automation and the cloud services and AI are a good step to remove and eliminate the people form the manufacturing jobs.

As an opportunity for the Indian Information Technology, Bill Gates the Microsoft leader accepts the new move that is taken for new technology, despite the fears that are provoked with such fast transformation.

The aim of working with the government with various issues on e-payment digital healthcare, digital education e-agriculture and many, Gates has schedule a meeting with Ravi Shankar Prasad, IT and Law minister on Thursday.

Featured image source: twitter/narendramodi

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