As Schneider estimates, using the dynamic multiple-indicators multiple-causes method and by currency demand method, the size of India's black money economy is between 23 and 26%, compared to an Asia-wide average of 28 to 30%, to an Africa-wide average to 41 to 44%, and to a Latin America-wide average of 41 to 44% of respective gross domestic products. According to this study, the average size of the shadow economy (as a percent of "official" GDP) in 96 developing countries is 38.7%, with India below average.
Arthakranti, Pune-based think-tank has outlined policy prescription that involves replacement of most direct and indirect levies with a banking transaction tax and de-monetisation of currency notes of Rs 500 and Rs 1,000 to help prevent Indian black money, ease inflation, improve employment generation and also lower corruption.
Many people in India who want to stash black money keep it as cash in US$ which will fetch appreciation in its value also as the INR gets devalued against US currency. GoI should tighten the rules to prevent acquiring/holding of the foreign currency (FC) cash in huge quantities by tracking cash transactions in US$ and limiting FC availability in small value through reputed banks / authorised firms by cashless transaction only. Smuggling of US$ into the country by NRIs, foreign tourists shall be curbed at entry ports. NRIs / foreign tourists shall conduct cashless transactions for acquiring INR currency, etc. All Indians who are going abroad should use international credit / debit cards instead of carrying US$ in cash with them. This would also prevent international trade in narcotics, terrorist funding, etc.
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Whether these alternatives are better depends on the user. There are many other popular streaming platforms like Hulu and HBO Go, and they all have their advantages. Netflix, Hulu, and HBO Go all have platform-specific titles, e.g. you can only watch Game of Thrones on HBO Go. Hulu has a larger variety of television shows; they are usually added to the service immediately after airing live. HBO Go has a number of movies, which are more critically acclaimed than the other two media-services providers. The one thing that Netflix has that keeps it at the top is the fact that it has no commercials. Just this feature alone is critical to many viewers. Netflix also adds full seasons of television shows in one sweep, so that you can binge on your favorite series.
Yes. Go download Netflix for all of your devices. In terms of the original content, pricing, and ability to download offline content, the service can do no wrong. Playback speeds on Android are decent, and the download speed does need a little work, at about two minutes per episode and five minutes per movie on average. The only area that needs to change is Netflix's tendency to remove and cancel incredibly popular shows after only a season or two. Shows usually do very well and it always comes as a shock to audiences - remember Sense8? Die-hard fans of the show petitioned and eventually, the show added a farewell episode of sorts. Not only does Netflix cancel these shows, but they usually do not offer an explanation as to why. This is the only downfall to the service. With all that aside, Netflix is a great app to have, and the pros far outweigh the cons.
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