Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Zero Rupee Note

en.wikipedia.org

Post reply on HN
Print view View original

191–200 of 241 posts

Re: Zero Rupee Note

#191

Post by aflag »

aij wrote: post #105

That reminds me of when my university kept sending me a $0 bill every month after I graduated. They kept sending them, so eventually I wrote a $0 check and sent it back in the business-reply envelope. I guess they were happy I had paid my bill because they finally stopped sending them.

I kept not paying my debts and just accumulating more and more. One day my debts got so large that it caused an overflow. I now have a couple billion to spare. I'll be forever in debt with whoever did my bank's decimal type implementation.

Re: Zero Rupee Note

#192

Post by superqwert »

Semaphor wrote: post #131
aij wrote: post #105

That reminds me of when my university kept sending me a $0 bill every month after I graduated. They kept sending them, so eventually I wrote a $0 check and sent it back in the business-reply envelope. I guess they were happy I had paid my bill because they finally stopped sending them.

I had a similar experience. I wanted to cancel my old credit card but couldn't find a way to do it online. As there were no fees I just ignored it. Well, it turned out that my VPN still had it as the payment method and so I got a bill to please pay my negative balance (they require at least 10% to be paid off after a month). Of course, I paid. But it turns out that I need to contact them to unlock the card after I ha…

I've tried to cancel a credit card and told I needed to withdraw all money first (I had +£5). I withdrew it, and asked them to cancel it again. They started processing, but by the time they had got anywhere, I'd acquired interest (1p) and they refused to cancel the card.

Re: Zero Rupee Note

#193

Post by barry-cotter »

kamaal wrote: post #181
redbluegreen wrote: post #170

Earlier quoted context omitted.

That's true, but then for that to happen you need a working government and society, you can't do that if inefficiencies abound. China, Japan and South Korea all had powerful governments who made hard choices, India's on the other hand is weak and ineffective.

You need to put human resources development as the number one priority. As of now these are not even political issues in India. Nobody thinks these are important things to do. India started off well during its Independence, the first education minister( https://en.wikipedia.org/wiki/Abul_Kalam_Azad ) and the first prime minister( https://en.wikipedia.org/wiki/Jawaharlal_Nehru ). The idea was to build a highly trained…

Education has remarkably little to do with economic growth. Richer countries are more educated but changes in education do not predict changes in productivity. Education appears to be a superior good that people just purchase more of when they’re richer.

Ghana is more educated now than France was in 1960 going by average years of education and it’s poorer. China’s years of explosive economic growth after Deng opened it up in the 1980s happened with a population that had on average finished primary school.

India’s plan to build a highly educated workforce and industrial base in tandem was a thorough and costly failure. Lots and lots of people tried to get a good education so they could go for civil service jobs. It did nothing industrially because running a successful industrial policy is a lot harder than either leaving businessmen to their own devices, taxes and regulation aside, to make their own business decisions, or running a captured, cronyistic industrial that wastes money and is swept aside as soon as the policy is abolished. Ireland, India, Pakistan, Argentina; there are many countries that wasted enormous sums on infant industry tariffs to no benefit.

Re: Zero Rupee Note

#194

Post by aflag »

msiyer wrote: post #135
oconnor663 wrote: post #50

Earlier quoted context omitted.

> It's that terrible win-win to everyone situation and that makes it very hard to destroy. It does make it sound like there's a bribery-free equilibrium really close by though. Like imagine all of these things happened as part of a single reform: - Policeman and management salaries go up. - Fines go down. - Taxes go up. - Anti-bribery enforcement goes way up. The idea would be to acknowledge that regardless of the br…

"The Big Bribe Industry" is a very organized sector and unofficially official. It is absolutely naive to believe that it can be destroyed. It is almost impossible to get a job done in a timely manner without bribing the official. The rates are fixed. The collection mechanisms are solid. Everyone, from the peon to the minister, gets a cut.

Make it legal, then. Regulate it, call it a fee and problem solved.

Re: Zero Rupee Note

#195

Post by u801e »

Ntrails wrote: post #173
justinator wrote: post #141

Earlier quoted context omitted.

Worked with a guy that was fed up with the phone company, so he kept like a $0.11 balance due in his account, knowing that sending him the letters asking for him to pay the bill would cost the phone company more than the total was worth.

I kept a bank account open with £1 for a decade or so as a similar passive aggressive protest

In the US, keeping a balance that low will result in a bnak service fee that will, after a period of time, result in a negative balance (which then leads to other fees which further lower your balance).

Re: Zero Rupee Note

#196

Post by laken »

amingilani wrote: post #31
aaronharnly wrote: post #3

Zero-currency notes have been generated for most of the world: http://zerocurrency.org/

The Pakistani ten rupee note's parody, while current, is half done. It reads ۱۰ which is 10 in Urdu, and literally says "ten rupees" in Urdu on the top. I'm assuming it was done by an English speaking individual that didn't know how to do it right. I'd love to contribute.

Most of the Spanish language notes are similar, with Colombia for example saying "veinte" (20) all over it

Re: Zero Rupee Note

#197

Post by codedokode »

kamaal wrote: post #118
fellellor wrote: post #101

Earlier quoted context omitted.

Only if you want to see the worst in people. The bribe accepting police is also, in many cases, not doing this out of malice. Police financing in India is pretty fucked up, and I find it surprising how we have a functioning society with such underfinanced and overworked police, even in the well to do urban areas. Anyways if you are the police in that situation, it makes much more sense to let the "activist" sort of g…

>>Police financing in India is pretty fucked up, and I find it surprising how we have a functioning society with such underfinanced and overworked police, even in the well to do urban areas. Sorry sir, but this is plain wrong. Only two months back I was stopped by the police for 'fast driving', this is around a corner while I was turning at may be 10 kmph, in fact he just waved his hand in front of me. Irony be damne…

We have similar situation in Russia. For example, when one of high-ranking officers from anti-corrpution department was arrested, police found an equivalent of $123 000 000 in cash in his apartment [1]. He bought a separate apartment only to store the cash.

This amount of money can be compared to a budget of a city with population of 300 000 people.

[1] https://www.independent.co.uk/news/world/europe/senior-russi...

Re: Zero Rupee Note

#198

Post by CelestialTeapot »

ben_w wrote: post #156
jogjayr wrote: post #137

Earlier quoted context omitted.

> India is all about reselling things we don't make Boy, you are a downer! Things are not the best, but they're not all bad either. Here are some important things India makes: 1. Movies - it has the largest (by number of productions) film industry in the world, and third largest by revenue (admittedly the latter is expected and it's third by a fair distance) 2. Satellite launch services - Antrix corporation, run by t…

> > Programmers want to be managers ASAP. > You may find that outside the technology industry, it's like that everywhere. Huh. Then my friends and I may be unusual. We all seem to prefer solving problems to managing people.

> Huh. Then my friends and I may be unusual. We all seem to prefer solving problems to managing people.

Clearly, you have never had the "opportunity" to manage people.

Re: Zero Rupee Note

#199

Post by luminati »

erklik wrote: post #63
emaster wrote: post #23

Interestingly, the number zero was invented in India

The ancient Egyptians had a conception of zero, and used a herioglypical symbol for zero. China had a counting rod system, with an empty space being a zero and Mathematical Treatise in Nine Sections had a round symbol being used for zero. Other authors were familiar with the concept of negative numbers. These are alll before Indian "invention" (probably be discovery) of zero.

http://www.ox.ac.uk/news/2017-09-14-earliest-recorded-use-ze...

Re: Zero Rupee Note

#200

Post by delinka »

Ma8ee wrote: post #152
thomasahle wrote: post #146

Earlier quoted context omitted.

I'm having a hard me thinking of a case where you'd want to divide by an amount of money. What am I missing?

For example to calculate the expected time left to pay the remaining debt if you make a monthly payment of that amount.

So dividing by number of months, which is not dividing by an amount of money.
Post reply on HN