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A comment on Sugar industry secretly paid for favorable Harvard research. Parent comment

Re:Sugar industry secretly paid for favorable Harvard research by semi-extrinsic on Tuesday September 13, 2016 @06:10AM (#12486755)
I've seen reports putting the number of adults without a bank account/credit card/etc. in the UK at 1.5 million. Probably it's similar or even higher in the EU as well.

So these people pay everything in cash. While removing the €500 note might not impact them much, I think the €200 and lower notes are very convenient for them.

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Re:Sugar industry secretly paid for favorable Harvard research by 0xmohit on Tuesday September 13, 2016 @06:22AM (#12486797)
> So these people pay everything in cash.

In India, those numbers would probably be much higher than in most other parts of the world.

The Indian government launched a scheme called Income Declaration Scheme 2016 [0] so that people could declare their undisclosed income.

It was recently followed by a notification [1] stating that taxes resulting from such declarations could be paid in cash.

[0] https://en.wikipedia.org/wiki/Income_declaration_scheme%2C_2...

[1] https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT623376E...

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