Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Kolkata bans human powered rickshaws

by Tony Sagami on October 20, 2008

in General

I’ve been reluctant to make any meaningful investments in India because of the woefully inadequate infrastructure(roads, utilities, airports, public transportation, etc) and the extreme poverty.

Here is a story about the pathetic poverty in India.

The state government of Kolkata (formerly known as Calcutta) has banned the human-powered rickshaws as inhumane, At 44 cents for a15-minute trip, these human mules struggle to make a few dollars a day.

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