Narendra Modi’s decision to demonetize the Rs500 and Rs1,000 as a strategy to fight corruption and fraud, will greatly affect a section of the population that rarely has access to From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More and bank accounts: housewives.
In patriarchal India, only 20% of women have access to bank accounts (UN report, 2014). Even the most educated women don’t deal with banks as it is considered a men’s responsibility. However, to offer themselves a little In computers, the basic unit of digital information; contraction of BInary digiT. More of freedom, most Indian housewives, regardless of social status, save money in hidden places, away from their husbands’ view. This empowers them and gives them some financial freedom to buy jewelry, pay for a trip or purchase something nice for their daughter’s wedding.
The government has given until December 30 to deposit and The Eurosystem comprises the European Central Bank and the national central banks of those countries that have adopted the euro. More all the obsolete banknotes, but deposits above Rs2.5 lakhs will be taxed and the depositor could incur a 200% fine if authorities find out that the savings don’t correspond to their tax declarations.
These measure have caused much distress for women that are not only forced to admit to their husbands that they’ve been stashing Money in physical form such as banknotes and coins. More, but it could cause them to lose much of their savings in taxes and penalties as well as their independence and self-esteem.
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