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Ubiquity is the key, and while this is a global solution, it allows for the distributed storage and management of receipts via each individual's own bank, eliminating many risks associated with the idea of one central receipt storage platform for everyone.
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For instance, Vanguard did not add India until 2003, after that country created a central depository receipt system and stopped using paper stock certificates, which Mr. Sauter said were vulnerable to forgery.
Central government receipts haven fallen by 12% since April while spending has grown by 6.2%.
Total central government receipts fell to £44.1bn last month from £52bn a year earlier.
Mr Modi says that "a one-size-fits-all approach does not work in India .Even more important, Mr Modi signed up to proposals by India's 14th Finance Commission that gives state governments 42% of central tax receipts, up from 32%.
In October, central government receipts reached £48.7bn, 3.2% higher than in the same month last year, as the recovering housing market helped to boost stamp duties by nearly 46%.
Central government receipts were £45.8bn in December, up £1.3bn on the previous year, including a £400m increase in stamp duty reflecting the recent pick-up in the property market.
Central government receipts from VAT and income tax were up 4.6% to £41.2bn, while the stamp duty take rose 23%, largely thanks to the revival of the property market.
Central-government receipts have risen by 5½% a year.Now it is poised to increase even faster.
Among the subset of 139 patients who had a central venous catheter, receipt of nafcillin or cefazolin was protective against mortality after statistically adjusting for the propensity score (adjusted HR: 0.26; 95% CI: 0.10, 0.69).
"January is normally a good month for the Treasury - typically, central government tax receipts, particularly for income tax, surge.
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CEO of Professional Science Editing for Scientists @ prosciediting.com