Page 517 - SSB Interview: The Complete Guide, Second Edition

GDP was perceived as a demonetisation failure even if there was other
economic turbulence that may have caused the drop.

9. To encourage digitalisation and move towards a cashless economy,
keeping 500 rupees as the highest denomination would have yielded

better dividends. Most advanced economies of the world have 100

dollars and its equivalent as the highest currency denomination in
circulation. In such situations, turning to digital and cashless

transactions is axiomatic and would have enhanced transparency in the

economic system.

10. Whatever are the pros and cons of this exercise, the enormous
expenditure incurred to print new currency and destroy the old ones has

definitely impacted the economic trajectory, which is something our

country could have avoided. In a situation such as this, surrendering
political expediency at the altar of national interest would have been

more financially prudent.

7. AADHAAR AND THE RIGHT TO PRIVACY

Introduction

One of the most important governmental initiatives of the twenty-first
century, Aadhaar is a 12-digit unique identity number issued to Indian

residents based on their biometric and demographic data. The data is
collected by the Unique Identification Authority of India (UIDAI), a statutory
authority established in January 2009 by the Government of India. The

system is recognised as the world’s largest biometric identification scheme. A
resident Indian can apply for the Aadhaar number and card by submitting an

existing proof of identity (passport, PAN card, driving license, etc.) and proof
of address (phone/power bill, bank statements, etc.) and by undergoing
biometric profiling (fingerprints and iris scan) at any Aadhaar centre.