india black money

India’s Move to Curb Black Money a ‘Disaster’ for Rural Women, Activists Say

By Rina Chandran MUMBAI, Nov 20 – India‘s move to withdraw high-value rupee bills from circulation to crack down on corruption and counterfeit currency has hurt rural women particularly hard, as most of them are outside the banking system, activists said. The shock currency move cancelling 500- and 1,000-rupee ($14.6) notes from circulation overnight, announced

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India Raises Cap on Bank Cash Withdrawal to Ease Public Anger

(REUTERS) India announced new measures on Monday, November 14, to ease the cash crunch faced by millions after the government’s decision last week to abolish large denomination notes to try and uncover billions of dollars in undeclared wealth. The government will install new micro cash machines across the country and has asked banks to waive

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