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Global finance: India withdraw 500 and 1000 Rupee notes

India bank notes and other money
India bank notes and other money Source: Public Domain

Indian Prime Minister Narendra Modi's decision to withdraw 500 and 1000 rupee notes from circulation. It was believed the move is set to target tax evasion in India. However, as citizens rushed to swap the banned notes, their frustration turned to anger. Controversies it seems, and Ivan has invited financial planner Kam Yuen to analyze whether this move brings good fortune for India in a long term.


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By Ivan Leung

Source: SBS



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Indian Prime Minister Narendra Modi's decision to withdraw 500 and 1000 rupee notes from circulation. It was believed the move is set to target tax evasion in India. However, as citizens rushed to swap the banned notes, their frustration turned to anger. Controversies it seems, and Ivan has invited financial planner Kam Yuen to analyze whether this move brings good fortune for India in a long term.



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