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A comment on Rs 500, Rs 1,000 cash ban: Indian government failed those without bank accounts. Parent comment

Re:Rs 500, Rs 1,000 cash ban: Indian government failed those... by knocte on Saturday November 12, 2016 @09:40AM (#12938004)
Why make a service mandatory through law? By doing this, the government is effectively securing the banks' business.
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Re:Rs 500, Rs 1,000 cash ban: Indian government failed those... by gaara87 on Saturday November 12, 2016 @10:22AM (#12938249)
You are absolutely right, it succeeds in making the banking facilities a mandatory step to any sort of financial transaction that can be tracked and overlooked by the government. It sucks coz the banking sector is still quite backwards in many ways but everyone sees the good intention
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Re:Rs 500, Rs 1,000 cash ban: Indian government failed those... by sivas83 on Saturday November 12, 2016 @11:46AM (#12938691)
Isn't vehicle insurance or medicare similarly securing respective businesses? Remember, India is a welfare state and it can mandate laws for greater good.
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