Coimbatore (Tamil Nadu) [India]: A private bank here is offering soft drinks and snacks to customers waiting in line to exchange or deposit their high-end value currency notes.
The Catholic Syrian Bank near the Collectorate is offering soft drinks and snacks to the people.
The government’s move to withdraw two of its largest currency notes in a bid to flush out money hidden from the taxman has caused huge disruption to daily life, especially for the poor who have gotten used to a cash-driven economy.
According to investment firm Ambit, India’s black economy accounts for 20 percent of gross domestic product (GDP). (ANI)