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Costs outpace the benefits of Modi's 'shock therapy' cash crunch

Tuesday, January 24, 2017 - 05:50

ON Nov 8 last year, in a surprise move, Prime Minister Narendra Modi announced that the two largest currency bills, accounting for 86 per cent of currency in circulation by value, would be invalid immediately. This shock move led to a nationwide commotion and outrage.

Two months on, it

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