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"If they are poor people who earns less than 1 lakh, i dont find a reason why they cant directly go to bank account and exchange money in next 1 month." Perhap
by korginator 10y ago
"If they are poor people who earns less than 1 lakh, i dont find a reason why they cant directly go to bank account and exchange money in next 1 month."
Perhaps because they can't wait a month before their next meal or fuel for their scooters or for household expenses?
"Now if those people are blaming govt for banning those notes, i find it funny."
I find it funny that some people find it funny that 85% of the currency bills in circulation are invalidated overnight. Maybe it's funny if all diesel vehicles are banned overnight because they pollute a lot? Or if mobile phones are banned overnight since they are used by terrorists?
- sivas83 10y agoYou mean to say people living meal to meal have all 500s and 1000s ? How else to push for cashless economy even after 2yrs plea to operate bank a/cs ? The only reason traders deal cash is to underreport income and avoid taxes. If villagers use mobiles today, they will use plastic cards tomorrow. Wearing helmets, condoms, filing IT returns, are all necessities. Ignorance not an excuse.
- webtechgal 10y ago> Ignorance not an excuse. Wow. Really? Tell that to the millions of illiterate/semi-literate, lower-class people across the length and breadth of the country who are suffering right now. But wait - you don't need to. Modi already did.