Narendra Modi

Narendra Modi and Ashraf Ghani Hold Bilateral Talks

Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani held bilateral talks in Amritsar, India. They talked about various issues including cross-border terrorism and the decision to strengthen the cooperation of counter-terrorism between the two countries. The two leaders agreed upon operationalizing $1 Billion for bilateral cooperation for capacity building, skill development, infrastructure building

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India’s Modi Defends Clampdown on Cash Economy

NEW DELHI, Dec 3 – Indian Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all. Modi’s decision last month to scrap 500 rupee and 1,000 rupee banknotes as

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The Men Behind Modi’s Demonetization Policy

By Arfa Shahid India made a major economic move by demonetizing 500 and 1,000 Rupee notes and introducing a new 2,000 Rupee note, but what many don’t know is that this policy was created and presented to Indian Prime Minister Narendra Modi by Arthakranti Sansthan, an NGO, founded by social activist and mechanical engineer Anil Bokil.

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Narendra Modi’s Black Money Move

Could India’s demonetization cause more harm than good? By Jyoti Malhotra India is either in the throes of a man-made cash crisis or on the verge of a new economic dawn. Depending on whom you speak to in the days following Prime Minister Narendra Modi’s decision on November 8 to demonetize the Rs 500 and Rs

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Stranded Trucks, Unpaid Workers: India Inc Counts Cost of Cash Crunch

By Suvashree Choudhury and Rajesh Kumar Singh MUMBAI/NEW DELHI, Nov 21 – Like millions of Indians fed up with corruption and counterfeiting, Vimal Somani cheered Prime Minister Narendra Modi’s shock move to replace all high-value banknotes. Two weeks on, his business is being hammered by the ensuing cash crunch. Sales at Somani’s aluminium foil maker,

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Modi’s Cash Crackdown Hits Indian Rivals’ Election Campaign Coffers

By Rupam Jain and Tommy Wilkes NEW DELHI, Nov 17  – Indian Prime Minister Narendra Modi’s shock ban on high-value banknotes will hit the war chests of his rivals before a key state election next year, sparking accusations that his strike against “black cash” will unfairly boost his party’s chances. That is despite widespread anger

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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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India to Use Indelible Ink to Ensure People Change Cash Only Once

By Neha Dasgupta and Promit Mukherjee NEW DELHI/MUMBAI, Nov 15 – Indian banks will use indelible ink to ensure that people only change old notes for new ones once under Prime Minister Narendra Modi’s scheme to fight “black money”, resorting to a tactic used to prevent multiple voting in elections. The step comes a week

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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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Indian Banks Call in Police as People Rush to Ditch Old Banknotes

By Neha Dasgupta and Rajendra Jadhav NEW DELHI/MUMBAI, Nov 10  – Indian banks called in thousands of police on Thursday to manage huge queues outside branches, as people tried to exchange bank notes abruptly pulled out of circulation by Prime Minister Narendra Modi in a crackdown on “black money”. Modi announced the shock move on

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