A Thermoscope, a Credit Card, and the Bigger Fight Against Corruption
Article By: Dipesh Dhakal
Last Friday, I headed to Bhatbhateni Shopping Center with a straightforward mission: to do some minimal shopping. Among the few items on my list, I ended up buying a thermoscope for Rs. 2,500. I opted to pay with my credit card—not just for the ease of it, but with a clear intention: to take full advantage of the credit period. Back in my college days, we often delved into finance and the idea of a "credit period." At the time, it felt like we were just memorizing terms and definitions without really understanding their importance. But now, with financial responsibilities weighing on me, those textbook concepts have taken on a whole new meaning. When used wisely, credit cards can be a powerful financial ally.
Most banks offer a credit period of up to 45 days—essentially giving us an interest-free loan for that time. For those who grasp this concept, it can really help with managing cash flow and budgeting more effectively. What was once just theory is now a part of my everyday financial routine. While I was waiting at the next counter, something caught my eye. A sharply dressed man, probably in his mid-forties and looking quite educated, was buying utensils worth Rs. 55,000—and he paid in cash. I was taken aback. In this digital age, why would someone, especially someone educated, choose to carry and spend such a hefty amount in cash? That question stuck with me. Later that evening, while watching TV, I stumbled upon a speech by a well-known political leader. With a sense of urgency, he declared that "if we want to combat corruption, we must ban cash transactions over NRs. 5,000." In that moment, everything fell into place. Cash transactions, by their very nature, leave no digital trace. Unlike bank transactions, which are monitored, recorded, and require a source of income, cash can be an ideal tool for those looking to dodge scrutiny—especially corrupt individuals trying to conceal illicit activities.
Fortunately, the government has already begun taking necessary steps. For instance, all land purchases and sales are now required to be conducted through banking channels. This is a progressive move—one that curtails unrecorded dealings and helps prevent the use of black money in real estate, a sector long associated with corruption and money laundering.
In conclusion, my seemingly ordinary shopping experience turned into a profound realization. It’s not just about thermoscopes and credit cards; it’s about the bigger picture of financial awareness and responsibility. By embracing digital transactions and understanding financial tools like the credit period, we empower ourselves. More importantly, we contribute to a broader culture of transparency and accountability—vital ingredients in the fight against corruption.
