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Showing posts from November, 2016

Where's the money, honey?

Not much has been going in India apart from demonetization recently. Suddenly people are intrinsically rich but actually poor. The amount of money in circulation has gone down significantly and the bank coffers have gone up by INR 5.5 lakh crores. This was primarily touted as an attack on black money but now it has slowly started disrupting everyday lives of people. http://www.livemint.com/Opinion/RNdxOHenVluYuLx4iCw4JO/Modis-new-strike-against-black-money-backfires.html  This gives an idea of the people affected the worst. They have produce which is not durable and they don’t have people to sell their produce to. People do not have money in hand to buy vegetables and one cannot swipe at a local market. The salaried class who are primarily reliant organized trade for their daily consumption are facing the least disruption. The majority are reeling under cashlessness. Some of the most affected people are 1.        Vegetable vendors in local mark...