500 rupees

Anger Rising in India as Banks Slow to Dispense Cash to Millions

By Sanjeev Miglani and Nidhi Verma NEW DELHI, Nov 12 – Anger intensified in India on Saturday as banks struggled to dispense cash following the government’s decision to withdraw large denomination notes in an attempt to uncover billions of dollars in undeclared wealth. Tempers frayed as hundreds of thousands of people queued for hours outside

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India Abolishes Larger Banknotes in Fight Against Graft, “Black Money”

By Neha Dasgupta and Nidhi Verma NEW DELHI, Nov 8 – Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight, saying it was part of a crackdown on rampant corruption and counterfeit currency. The surprise step appears designed to bring billions of dollars

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