Modi's BHIM App Is Tectonic

PM Narendra Modi launches Aadhaar based mobile payment app called BHIM

This is the most monumental step India has taken to date over my entire lifetime.

India has done a trailblazing super job of taking the biometric ID to all Indians. This has to be done for every human.

India should similarly get every business venture in the country registered, no matter how small. Make it digital, easy, fast and announce no taxation for businesses up to a certain size in annual revenue. Perhaps no taxation upto a million rupees in profits. This registration will open the doors for credit. Small businesses can take loans and create jobs. This is the most important sector of the economy.

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