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Modi defends cash ban, announces incentives

India's PM announces measures for the poor, farmers, women and small businesses in New Year's address
Monday, January 2, 2017 - 05:50

While Mr Modi has introduced several major reforms to Asia's third largest economy, the cash ban is seen as his biggest political gamble to date.

New Delhi

INDIAN Prime Minister Narendra Modi announced a series of incentives to the poor, farmers, women and small businesses on Saturday in a New Year's address, and defended his recent decision to abolish high denomination bank notes.

The televised speech was widely seen as an

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