My understanding is that India's new rules on the high denomination notes was intended to curtail corruption. This was a major topic of discussion in my workplace as we have many Indian developers. Most of them were very proud that this action was taken. So it was a surprise to me to read the significantly negative tone in the BBC article. As a check, I googled "accuracy of BBC articles on India" and encountered the…
If you follow the Palestine-Israel conflict to any degree you'll realise very quickly that BBC only ever reports on anything that's pro-Israel and never the other way.
Isn't this what's happening even in the US though? Look at the 2016 US election and how it was reported. Hardly impartial or rational. I mean where are the people cheering for Trump and their view points?
Those Trump supporters exist, I'm sure. I've never met any of them in California, though. I assume the media has the same problem.
Many Trump supporters in California are afraid to declare their support openly.
And not without reason; Trump supporters have been assaulted.
My understanding is that India's new rules on the high denomination notes was intended to curtail corruption. This was a major topic of discussion in my workplace as we have many Indian developers. Most of them were very proud that this action was taken. So it was a surprise to me to read the significantly negative tone in the BBC article. As a check, I googled "accuracy of BBC articles on India" and encountered the…
I come from a lower-middle-class family in Kolkata, and I can say from experience that a lot of older people (my parents!) are over the moon with the whole thing. My mother, in particular, has suddenly turned into some sort of Modi fangirl, saying stuff like, "See what he's doing for the country!" (and variations on that). At some level, it's just the fact that anyone who replaces years of (perceived?) inaction with…
BBC is right in its analysis, this measure only targets 20% of Indian wealth. The richest 5% owning 80% of Indian wealth are at ease, only poor and middle class troubled. Moreover this 20% money will be available to them as cheap loans. The total money owed by big corporates in India is way bigger then this parallel black money. Also the person Rajan who was planning to reign this loans is forced out of office.
Modi is Indian version of Donald trump building Great Wall across India against corruption in media.
A normal Indian will never know that black money outside of India far outweigh anything in Indian homes.
My understanding is that India's new rules on the high denomination notes was intended to curtail corruption. This was a major topic of discussion in my workplace as we have many Indian developers. Most of them were very proud that this action was taken. So it was a surprise to me to read the significantly negative tone in the BBC article. As a check, I googled "accuracy of BBC articles on India" and encountered the…
Rather than attacking the messenger and correlating it with the anecdotal evidence from the people you know, try to look at this objectively. - The white-collar middle class of course is lauding this move. Most of them (us) use digital money, are educated, want to see the corruption eradicated etc. - BUT, the majority of the population is poor, working class, not education enough. India is still a cash-based economy.…
"There is talk going on about a possible Bank Run."
Stop spreading false rumors that will cause fear or alarm to the public. It's an offense, according to Section 505, in the Indian Penal Code: https://indiankanoon.org/doc/1198526/
Those Trump supporters exist, I'm sure. I've never met any of them in California, though. I assume the media has the same problem.
Many Trump supporters in California are afraid to declare their support openly. And not without reason; Trump supporters have been assaulted.
I don't know. I'm the only American-born scientist in my research lab (though not only US citizen), but is that really uncommon in tech? So maybe my situation is different? Living next to UCLA probably doesn't make it easier to mix with Trump supporters. When I was in China a few months before...well, expats aren't exactly known for being xenophobic white people.
My understanding is that India's new rules on the high denomination notes was intended to curtail corruption. This was a major topic of discussion in my workplace as we have many Indian developers. Most of them were very proud that this action was taken. So it was a surprise to me to read the significantly negative tone in the BBC article. As a check, I googled "accuracy of BBC articles on India" and encountered the…
The BBC is always like this. You should have seen the bias in the 2014 general elections, they did not want Narendra Modi to win and become the prime minister and they made that very clear in every article leading up to the election. He did end up winning. When India successfully sent a probe to Mars the BBC suggested the money could be better spent elsewhere. I would not rely on the BBC for India news, or even Unite…
My understanding is that India's new rules on the high denomination notes was intended to curtail corruption. This was a major topic of discussion in my workplace as we have many Indian developers. Most of them were very proud that this action was taken. So it was a surprise to me to read the significantly negative tone in the BBC article. As a check, I googled "accuracy of BBC articles on India" and encountered the…
Rather than attacking the messenger and correlating it with the anecdotal evidence from the people you know, try to look at this objectively. - The white-collar middle class of course is lauding this move. Most of them (us) use digital money, are educated, want to see the corruption eradicated etc. - BUT, the majority of the population is poor, working class, not education enough. India is still a cash-based economy.…
Perfectly said. The audience on hacker news is so privileged and enbubbled its hilarious. I can see the Modi trolls are already hilariously threatening you.
I come from a lower-middle-class family in Kolkata, and I can say from experience that a lot of older people (my parents!) are over the moon with the whole thing. My mother, in particular, has suddenly turned into some sort of Modi fangirl, saying stuff like, "See what he's doing for the country!" (and variations on that). At some level, it's just the fact that anyone who replaces years of (perceived?) inaction with…
BBC is right in its analysis, this measure only targets 20% of Indian wealth. The richest 5% owning 80% of Indian wealth are at ease, only poor and middle class troubled. Moreover this 20% money will be available to them as cheap loans. The total money owed by big corporates in India is way bigger then this parallel black money. Also the person Rajan who was planning to reign this loans is forced out of office. Modi…
Demonetization is not a magical wand that will remove all the black money overnight.
Now people who says it only for red middle and lower classes, know that it affected mostly people with black money in cash. Cash hoarders, Hawala money, counterfeit money and cash involved in rigging elections, help terrorism and many such illicit activities.
Yes, middle class people will have to bear the pain of changing their currency but look at what it is bringing to you.
And yes, it is first step, time will come and other sources of Black money will also be taken care of, matter of time, wait and watch. Even writing one such long comment takes time, let alone removing corrupt money fro a nation of 1.2 Billion where people love to ease taxes.
This is a huge pain in the ass for absolutely no gains whatsoever.
Around 20 fucking people have died because of this very scheme. The worst thing is that there are so called educated fools down voting criticizing comments here even after witnessing all this mess and chaos. Absolute shambles!
Many Trump supporters in California are afraid to declare their support openly. And not without reason; Trump supporters have been assaulted.
I don't know. I'm the only American-born scientist in my research lab (though not only US citizen), but is that really uncommon in tech? So maybe my situation is different? Living next to UCLA probably doesn't make it easier to mix with Trump supporters. When I was in China a few months before...well, expats aren't exactly known for being xenophobic white people.
Characterizing Trump supporters as "xenophobic white people" probably doesn't make it easier to mix with them either.
You may know Trump supporters who just don't want to fight about it.