T is certainly took everyone by surprise, but in India, then the Prime Minister look witty for dra matic in unexpected ad-dress the prime time Tuesdays. He declared that for a few hours. Millions of units of the currency would not be a legal high. It is the only way. He confirmed. Dealing with the "disease" or "black money"--called in India "your money will still exist. He assured the stunned students, as long as you have access to deposits in the postal, sometimes more than the later. As well as India, there are complex systems of ment coverage exclusions and exceptions of this demon etisation if you are in an accident. For exam ple, you can also pay for the emergency room in the 1,000 rupee note also, for some reason, if you want to buy milk at the same time, Internet facilities are limited to 2000 Atm drawals rupees a day for the next few days the Bank bills will require some form of identification on the other, the Government, and s, and in General, Chancellor.For India, easy enough indeed, one may either have a toosimpli fit type people remain constant when India what can change the chaotic iron way to Mr. Modi bea rty ideas exist big adv task of course will be black and silver tages to India is certainly a major issue. The economy, India is a "way" as meaning a majority of operators under the regulatory radar and law. No need to depend on cash payment bank account being used as normal. India national income ratio are unknown, but very large, certainly try for maybe as India's GDP of more than five billion or s450 (3, 7 million), some of Mr. Modi's freak up condo-logical travel companion has argued for a measure like this is, click.Economic rabangkhap Per the official financial and net tax as such, and then agitating teachers Yoga with Baba currencynotes high-denomina-trade for years and the idea of evil has percolated into cash into the mainstream. A former financial executive mot. Standard Chartered damatthan writing paper, this g-20 urged Febru home 500-euro, $100 and save £ 50 ideas by Larry ary season in Asia. Moving away from the country's highest unit: Korea plans to go will even the judges retired group 2563 Government India exam ining the in our future problems repair money, cut down on the black cash transactions, but no one expected that Mr. Modi is done when India remains something that could change into beautiful wu.Nawai, Mr Modi thinking big will work quite decisively, or rather fast. His skills have certainly shown the Organization of his Cabinet decision: med. The Prime Minister indicated the country's Cabinet, and the Central Bank of India ernor signature is saved. After all, he was on tv with an indebted fol calm all this and do not have even the recommendations of the plan leaked in advance in some way. Mr. Modi was forced to hand. One of his most potent promise when in the campaign trail back in black money from taxes, despite the number of PR eign and circuit much pardon. He is not up to the promise that the Amnesty especially as a failure that is in no small part conspicu ou of Indonesia and Argentina have used similar Amnesty windows with this announcement, Mr Modi turned the responsibility of the political into the sat.Success in politics There are no elections in India who do not know the Government's taking a big step towards tax evasion resistance within seconds of speech. There are messages on WhatsApp from my personal bank calls "surgery, protesting the" black money. Drawing a parallel with the phrase extensively. Popu LAR attacked by soldiers, India months preparing terrorist camps across the control line in Kashmir. The currency is also a shortage of 500 rupees, while and remember only $7.50 may well make it more difficult to hide from the taxman, it will make things much more difficult for the poor and small businesses. India's economy is far away for centuries in a single ATM card or payments may not be related parties a sufficient price probably perco pay for performance and the poor will pay the price breakdown is proportional, so while. In the end, this kind of demonetisation may be necessary. It is likely that Mr. Modi push it through too quickly for a few years. I've argued before that India what it will become the world's first economy will. But it is necessary to create a mechanism that is easy and cheap to transfer cash using a Smartphone to make cash, redun-dant, and while the process is ongoing and it is far from complete, is close to becoming the economy will yet, but the path is still not easy. Mihir C2016 Charlotte Bloomberg view is a view Bloomberg.
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