3 ms·
Ah! Yet another "anti-India" article by BBC ;) This is not the first time BBC is doing it (can we call it as "propaganda"?) ;) I've seen a few firsthand instanc
by swatkat 10y ago
Ah! Yet another "anti-India" article by BBC ;) This is not the first time BBC is doing it (can we call it as "propaganda"?) ;) I've seen a few firsthand instances of people who hoarded illegal cash impacted by this demonetization move. Yesterday, somebody even dumped wads of cash into a lake in Bangalore (near KR Puram area).
I suggest people here to read this thread: https://www.reddit.com/r/india/comments/5c195e/do_you_guys_know_any_people_hoarding_lots_of/ https://www.reddit.com/r/india/comments/5c195e/do_you_guys_k...
- mindentropy 10y agoIt is all funny anecdotes. Good for a laugh and some happy revenge. Now remember that not all have just hoarded the cash. Many have actively invested and this investment actually goes to the poorer sections of the society as daily wages. What would happen if that cash is sucked out? The rich class can live without the investment but the poor have no way to go as they suddenly find themselves jobless. Next the government will throw cash around with policies such as NREGA to help the poor and then again you have all this money sloshing around in the economy albeit with higher denomination and newer currency.