Tag Archives: demonetisation

  NEW DELHI, Aug 30, (AP): Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, India’s reserve bank has announced, indicating the move did little to slow the underground economy. Prime Minister Narendra …

NEW DELHI, May 9, (AFP): Fat wads of bank notes move across counters in Old Delhi’s gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market. Cash has been king in the musty narrow streets of Chandni Chowk since …

NEW DELHI, Nov 24 (Reuters) – Former Indian Prime Minister Manmohan Singh on Thursday tore into his successor Narendra Modi’s clampdown on the cash economy, calling it an “organised loot and legalised plunder” of the country. Singh – the architect of economic reforms that led to years of rapid growth …