The growing divide between the rich and the poor

India has been constantly trying to combat the problem of poverty since its independence in 1947. A corollary of this problem is income inequality amongst the super rich, the rich, the middle class, and the poor. Since independence, inequality, the growing divide, between these groups has been on a rising trend. As more number of super-rich Indians make it to the global list, the poor keep getting poorer.

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How much Indian currency can one carry out of India?

The Reserve Bank of India, on June 19, 2014, declared that residents and non-residents, except individuals from Pakistan and Bangladesh, would be allowed to carry up to Rs 25,000 when exiting the country. This was a major shift from the earlier limit of Rs 10,000 that was allowed only to residents of India. In 2013, the RBI had issued a directive that prohibited non-resident Indians (NRIs) and foreign nationals from carrying any amount of Indian currency out of the country.

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