india cash

Less Money, Mo’ Problems

Originally hailed as a victory over tax cheats and swindlers, India’s radical plan to recall much of its currency could end in disaster By Jason Overdorf  On November 8, when Indian Prime Minister Narendra Modi announced a surprise recall of more than 80 percent of the country’s cash in circulation, his supporters hailed the measure as

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India’s Cash Crunch Hits Countryside, Weddings in Trouble

By Sunil Kataria DUDKO, India, Nov 12 – In the dusty village of Dudko, farmers and villagers are desperate for new currency notes after the Indian government banned 500 and 1,000 rupee notes last week in an effort to flush black money out of the economy. Residents of the sleepy village, 75 kms (45 miles)

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