Modi's rupee ban takes toll on businesses for third month
Wives and children in villages have to go without milk and vegetables as male breadwinners lose jobs in cities
FIRST, Yashpal Singh Rathore's marriage was delayed by his future in-laws, who, like most Indians, ran short of cash after Prime Minister Narendra Modi banned the country's largest currency notes in November.
Then the 29-year-old lost his job when the ensuing cash crunch hit demand for motorcycles and scooters sold by the company where he worked, Hero MotoCorp Ltd. After that, the prospective in-laws refused to let the wedding go forward until he found another job.
"So I lost my job and I lost my marriage," he said in an interview at a protest, where he shouted slogans with more than 100 red-flag waving workers let go by Hero.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons