Our Native Country!: Rs 500 and Rs 1,000 notes pulled out of circulation immediately in India !
Started by: futureguy on 08 Nov 2016
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...ng to accept Rs. 500 and Rs.1,000 from you. Shopkeepers, taxi drivers, servants, bazaars for fruits and vegetables and groceries, restaurants for dining out, travel agencies, no one will take them.
India is still mostly a cash based society, people still don't use credit cards and debit cards that much for daily transactions.
20 % of Indian GDP is still cash based with no tax, no receipts, no electronic trail, no paper trail , nothing.
Lot of real estate transactions in India either resale or even by small and medium builder's is done 60 % White and 40 % Black (cash ) basis.
Posted By: futureguy on
08 Nov 2016
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