Sunday, December 22, 2013

Remedy worse than disease



The ‘PIN’ stipulation at sales outlets is yet another case of remedy being worse than the disease. This helps only sale of more card-swiping machines of the new generation. Soon, once this system is introduced country-wide, I will not be surprised if the cards are ‘linked to AADHAAR identity’. Again, new cards, new machines. What more we can expect from policy makers who claim that import duty increase is the ‘reason’ for rise in smuggling of gold? Improving security features in the card and cautioning clients against allowing ‘third party use’ of debit/credit cards are options that should be considered. Aravind has explained the extant practices in use of cards and in the given situation, maintaining secrecy of PIN numbers will be next to impossible. 

- M G Warrier, Thiruvananthapuram

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