Wednesday, 9 May 2018

Government of India and Reserve Bank of India - Stop Printing More Currency

Here is one more blunder being committed by our Government and RBI.

 See this Headlines in the times0findia.com article Dated 06/05/2018.
"500 Rupee notes worth Rs.3000 crore printed daily..."

This is my comment:-

"So, our Finance Minister and RBI want to increase inflation by going on printing the notes.

Why not callback all those 2000 notes, if you want to induct smaller denomination notes?"

Why don't the administration refrain from printing notes like this?

They canvassed for Cashless Transactions while introducing the denomination of Big Currencies only a year back. Now, they are afraid of voters and doing all these irrational things to gain their votes in the ensuing elections. Probably they want cash for their own self-interest also.

But, they are not worried about the bad consequences of going on increasing cash in the hands of people which can lead to corruption and unsocial activities.


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