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Friday, January 29, 2010

Zero-Rupee Note Is Very Valuable

Fumiko Nagano of the World Bank writes that petty bribery is a normal part of government bureaucracy in India. If you need some license or form or permission, you’ll probably have to pay a bribe. An organization attempting to reform this practice has begun distributing rupee notes with a designated value of zero, to be offered to government officials when they ask for money.

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