Bold but perplexing
By S George
@shshiju (10342)
Cochin, India
November 9, 2016 8:14am CST
India Govt take a bold decision to cancel its 500 and 1000 rupees of currency. The decision came suddenly from yesterday . There is no time for the public to take precautions. The Govt assures that the currencies can use in Gas stations, Govt Hospital pharmacies and there is felicity to invest and transfer the money. But the sudden announcement came a rush in ATM's. And money withdrawn limit is reduced gives a slow of entire business. In spite of all these difficulties it is aim to break the black money, black currency and terrorism. And it's also encourages online transactions.
Image: Pixabay.com
Image: Pixabay.com3 people like this
4 responses
@shshiju (10342)
• Cochin, India
16 Nov 16
There are currency of 5,10,20,50 & 100. And the govt newly added currency of R's 2000. But people have not enough currency to give balance to R's.2000
Cashless transaction is not practical in street vendors and local merchants. Bank gives only 2000 notes. People have not enough currency to face the emergency situation like consult the doctor and buy the daily routine groceries
1 person likes this
@kevinakash (2084)
• Sri Lanka
22 Nov 16
i think now Gov. has relaxed the law by extending the period till March.
