The world's 6th largest economy in transition of going "cashless".
http://ktfnews.com/india-forced-monetary-crisis/
Millions Suffer As India Goes Cashless
Re: Millions Suffer As India Goes Cashless
Cities from Sweden to India are pushing for a totally cash-free society. But as more shops and transport networks insist on electronic payments, where does this leave the smallest traders and poorest inhabitants?
https://www.theguardian.com/cities/2017 ... ee-society
https://www.theguardian.com/cities/2017 ... ee-society
Re: Millions Suffer As India Goes Cashless
Guess what's coming... yup that's right folks the Mark of the Beast.
Re: Millions Suffer As India Goes Cashless
Your money's no good: rupee note cancellation plunges India into panic
Queues of angry, panicked Indians wound around bank buildings in Mumbai, the financial capital, on Thursday morning, two days after the prime minister, Narendra Modi, announced that 500- and 1,000-rupee notes, worth around £6 and £12, would be taken out of circulation.
In a televised announcement on Tuesday night, Modi had urged Indians not to rush to banks, as they would have until the end of 2016 to deposit cash in their accounts. But with the high-value notes withdrawn from Wednesday in an effort to combat corruption, black-market trade and tax evasion, many were left without cash for day-to-day expenses.
https://www.theguardian.com/world/2016/ ... s-500-1000
Queues of angry, panicked Indians wound around bank buildings in Mumbai, the financial capital, on Thursday morning, two days after the prime minister, Narendra Modi, announced that 500- and 1,000-rupee notes, worth around £6 and £12, would be taken out of circulation.
In a televised announcement on Tuesday night, Modi had urged Indians not to rush to banks, as they would have until the end of 2016 to deposit cash in their accounts. But with the high-value notes withdrawn from Wednesday in an effort to combat corruption, black-market trade and tax evasion, many were left without cash for day-to-day expenses.
https://www.theguardian.com/world/2016/ ... s-500-1000
