modi's note ban will effect international trade in india

November 21, 2016 10:16pm CST
i think narendra modi's ban on 500/1000 note in india will affect all businessess all over the world. they cannot run smoothly. is not it a sign of modi's stupidity on international trade ?
3 people like this
6 responses
Manisha
@ms1864 (6886)
• Bangalore, India
22 Nov 16
what is wrong with doing online transactions? I am sure all traders have bank accounts.
3 people like this
Sky
@skysnap (20154)
•
22 Nov 16
exactly, none of the international traders accept cash as it is. it'd be a problem if this was 1997 but we are in 2016.. now every international transaction is through SWIFT
2 people like this
yugocean
@yugocean (9965)
• India
23 Nov 16
This is news from black market, we have nothing to do with them. Ignore these people.
2 people like this
anthony davis
@lookatdesktop (27129)
• Dallas, Texas
18 Dec 16
Rs 500, Rs 1000 currency notes stand abolished from midnight: PM Modi
indianexpress.com
PM Narendra Modi move will take on corruption, terrorism, black money weakening the nation.
Avinash
@avi256 (8489)
• Pune, India
22 Nov 16
It would have been great if you had given little explanation on what you are trying to say. If you say trade within India is affected , that is true, but International trade runs mostly on E-cash.
2 people like this
Silvermist
@silvermist (19702)
• India
18 Dec 16
I was not trying to say whether it is right or wrong.I am no expert.I see some blindly praising the move.Some others criticising it. Only time will let us know.May be those are ordinary people who are more concerned with trade within India who are worried
anthony davis
@lookatdesktop (27129)
• Dallas, Texas
18 Dec 16
Here is a post from UCLA about the definition of E-cash:
What is E-Cash?
www.anderson.ucla.edu
While many different companies are rushing to offer digital money products, currently e-cash is cash is represented by two models. One is the on-line form of e-cash (introduced by DigiCash) which allows for the completion of all types of internet transacti
Silvermist
@silvermist (19702)
• India
22 Nov 16
@ark200 Most people are praising this move.But some are having second thoughts.
1 person likes this
Sky
@skysnap (20154)
•
22 Nov 16
International trade requires electrionic payment not cash.
1 person likes this
anthony davis
@lookatdesktop (27129)
• Dallas, Texas
18 Dec 16
I would like to learn more from this discussion so I wll be checking back to see if anything new has been added here. Have a nice day, @ark200 .
anthony davis
@lookatdesktop (27129)
• Dallas, Texas
18 Dec 16
look at this article:
PM Narendra Modi Bans Rs 500, Rs 1,000 Notes In War On Black Money
www.ndtv.com
In a sudden address to the nation, Prime Minister Narendra Modi has announced that starting midnight, existing Rs. 500 and Rs. 1,000 notes can no longer be used for any transactions.
Kokil agarwal
@amitkokiladitya (171936)
• Agra, India
22 Nov 16
All I can say is every thing has good and bad effects.. Atleast he tried.. We all should support him
1 person likes this
yugocean
@yugocean (9965)
• India
23 Nov 16
These users are mostly fake accounts spread over online world, they are black marketers. Modi did what is the only way to do.
1 person likes this