I am searching to my landlord , he is not ask for rent yet. Their could be two possible reasons ;
1)My pocket is empty (which is obvious) and he knows that.
2)He do not want to accept the payment by cheque (which is also quite obvious) and i know that.
People have been debating for hours about pros and cons of it, buy the time we’ll get them but I have to say it’s a bold move .
I think it’s not all about black money because this can’t be the permanent solution for that.
The smart Modi Government want people to store their wealth on bank accounts rather saving it in households, no matter it’s black or white, so that the banks can sanction loans specially to businesses without too many hassles and on low interest rates.
More use of plastic money is good for transparency.
We have to improve our taxation system by adding incentives to it and yes some other point which is made by Raghuram Rajan (Former Governor, RBI) to actually curb this giant (black money) permanently.
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