4.6 • 3.5K Ratings
🗓️ 2 December 2016
⏱️ 9 minutes
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The survey by the Indian PM that broke all the polling rules and started a mass protest
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0:00.0 | Hello, this is Tim Harford. Thank you very much for downloading the shorter World Service edition of More or Less. |
0:06.5 | This week, the television character Sir Humphrey Applebee is trending in India. |
0:12.0 | Hello and welcome to more or less on the BBC World Service. |
0:16.0 | We are your weekly guide to the numbers all around us in the news and in life, |
0:20.0 | and I'm Tim Harford. In a huge upheaval, India is demonetizing. The government has given people just 50 days to convert their 501,000 rupee notes |
0:37.3 | into new legal tender before they're declared worthless. |
0:41.8 | That's a big deal. These notes, worth about $7.50 and $15 respectively, represent more |
0:47.9 | than 85% of the value of cash in circulation. In a country where most transactions are cash transactions |
0:54.8 | and many people don't have bank accounts. And changing them into new notes |
0:59.4 | means queuing up at a bank and changing just 4,000 rupees at a time or $60. If you've got a lot of cash, it's |
1:07.0 | a huge hassle, but that's part of the point. The Prime Minister Norendra Modi says that this is all about cracking down on corruption and tax evasion. |
1:16.0 | Still, there were protests on the streets of major cities. |
1:19.5 | The decision seemed like a deeply unpopular move. Thousands of people have gathered here in Central Kolkata |
1:26.0 | to protest against the Prime Minister's demonitisation plans. |
1:30.0 | They say there's no money for... |
1:32.0 | But to calm the opposition, Prime Minister Modi wanted to demonstrate what the people of India thought. |
1:37.0 | The debate on demonization continuing in Parliament, Prime Minister Modi has now reached out to the people asking them to give out their |
1:44.8 | views on the government's move on the Narengra- Modi app. |
1:49.2 | So that's a new announcement that has... |
1:50.4 | As reported on the Indian TV channel Times Now, he asked people to fill in a survey on his online app, |
1:57.0 | and a few days later, he had an answer. |
2:00.0 | We're back on with the first feedback to the Prime Minister's survey plea on the Noreindra |
... |
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