Re:Modi’s Cash Crackdown Failed, Indian Bank Data Shows
by saagarjha on Sunday September 02, 2018 @11:03PM
(#17900020)
I think that was the point: if done quickly, it makes it impossible to find places to launder your illegally acquired income. Whether that was actually achieved was debatable.
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Re:Modi’s Cash Crackdown Failed, Indian Bank Data Shows
by billfruit on Sunday September 02, 2018 @11:09PM
(#17900051)
But implementating such arbitrary measures with immediate effect is tenable in a democracy or not is my question. I think not, because ends do not justify means.
Re:Modi’s Cash Crackdown Failed, Indian Bank Data Shows
by luoji_ on Sunday September 02, 2018 @11:23PM
(#17900093)
Doesn't seem like there's much left to debate. All demonetisation did was serve to legitimise a lot of illegal cash that made it back into the system.
Re:Modi’s Cash Crackdown Failed, Indian Bank Data Shows
by sbmthakur on Monday September 03, 2018 @03:18AM
(#17901002)
True. A friend of my relative who is a Sales-tax officer had tons of cash(most of it illegal) in his home. His entire night was spent calling his friends and requesting them to take a part of his cash for some time.