Is this topic appropriate here
Recently the Indian government banned all old currency of 500 rupee ( approx7.5 us$). And 1000 rupee (approx 15$ usd). Obviously it is a very good move to unearth all the black money that lubricates the parallel economy. The choice for the underground money is to declare their money, by dec 30 , pay fine and taxes or loose 50%. Old notes get exchanged for new notes and u loose 50% to keep it unaccounted.
This sudden move has devastated the real estate in several cities and has deflated...
Is this topic appropriate here
Source: Student Doctor Network - Category: Universities & Medical Training Authors: inquisitiveanes Source Type: forums