Black Money

[tamborine]

India is not cashing big value notes. Best empty that mattress of hoarded money before our chancellor follows suit.

http://timesofindia.indiatimes.com/india/More-projects-to-fight-graft-ready-to-face-consequences-PM-Modi/articleshow/55399285.cms

[EDDIE51]

It's to fight the 'Black Economy'.Huge amounts of cash are used for trade in India to avoid tax. It is severely damaging the nation's finance .

[tamborine]

I wonder where they get 'huge' amounts of money from, hmmm. Our taxi driver owns a 3storey apartment block in Amritsar that he offers us for holiday rental.

[EDDIE51]

You do not have the story quite correct tambo
http://news.sky.com/story/stampedes-and-scuffles-in-indian-as-rupee-banknotes-withdrawn-10654282
The notes have been withdrawn due to large scale forgery, new replacement notes are being issued but it is taking time, there are huge queues at the banks and cash machines are empty.

[EDDIE51]

^ advert on the way?