Friday, 18 November 2016

The Indian Government Just Eliminated 80% of the Country’s Cash

The stated purpose behind the recent withdrawal of the 500 and 1000 Indian Rupee currency notes, was the elimination of current hoarding of black money.

However the manner in which this was done has scarred the Indian public psyche, by the unprecedented restriction of their access to Cash (Paper Notes). Whether done willfully or otherwise the Government's actions may compel many Indians to turn towards increased usage of electronic money tools such as Credit Cards (which unlike the Western world are currently used only by a minority).

The article below gives other possible intentions/reasons.

Original Source: The Antimedia

Sharing the re-posted article as it appeared on 'Stillness In The Storm'.

No comments:

Post a comment