12-Nov-16 World View -- India's prime minister Narendra Modi declares 500-1000 rupee notes worthless

[John]

12-Nov-16 World View -- India's prime minister Narendra Modi declares 500-1000 rupee notes worthless


Many wives face hardship because their 'hidden cash' is now worthless

** 12-Nov-16 World View -- India's prime minister Narendra Modi declares 500-1000 rupee notes worthless
** http://www.generationaldynamics.com/pg/ ... tm#e161112



Contents:
Only 1% of people in India pay any income taxes at all
India's prime minister Narendra Modi declares 500-1000 rupee notes worthless
Many wives face hardship because their 'hidden cash' is now worthless


Keys:
Generational Dynamics, India, Narendra Modi, black money

[Anonymous1]

When I make a comment. I know you like to parrot the articles so you don't need to keep stating you are doing same. Just a comment.

Now for the "200,000 rupees per year" figure, that is less than $3,000 and having just 1% of the people earning more than $3k does not seem realistic. My point is that the articles you cite may not have all their marbles in a row.

[John]

> When I make a comment. I know you like to parrot the articles so
> you don't need to keep stating you are doing same. Just a comment.

> Now for the "200,000 rupees per year" figure, that is less than
> $3,000 and having just 1% of the people earning more than $3k does
> not seem realistic. My point is that the articles you cite may not
> have all their marbles in a row.

Really?? You come into this forum and whine that I parrot
articles? Really?

The reason that I post links to articles is that there are other
visitors who are not so brilliant and knowledgeable as yourself,
and appreciate being able to read more background information
on a story.

As for the figures, India's population is around 1.3 billion, with an
average annual income around $1,500. Many people live in poor rural
areas where there are no banks, and little money. You should not
judge India's people by affluent American or European standards.