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This article is paid for by current Indian govt supporter or mr Raoul's knowledge is pretty limited. Govt spending is never efficient, we have seen first hand m
by dragonsh 10y ago
This article is paid for by current Indian govt supporter or mr Raoul's knowledge is pretty limited. Govt spending is never efficient, we have seen first hand misuse of aadhar by Indian police and politician. All this digitisation in India is a farce trying to create a totalitarian state.
China has an active 600 million mobile wallets in use on regular basis by people as old as 75, including Mom and pop shop despite push by govt to reduce it, diametrically opposite to India, since transaction cost is 0 with daily interest credited for even 10 cents deposit.
UNI is a step in right direction but paying 1-3% extra for just moving money is not efficient when the cost of moving digits is much lower, which is true for India. Paying 45% in direct tax and then adding additional tax will make Indian politicians more rich, they can move money offshore easily. This cash ban is boon for those industrialist who got more money to play from hard working middle and lower income groups in India.