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Modi's cash ban succeeds where his gold recycling programme fails

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Published Wed, Mar 15, 2017 · 09:50 PM

    Mumbai

    IT SEEMS the only way to stop Indians from buying more gold is to take their money away.

    Prime Minister Narendra Modi's government spent 16 months trying to persuade Indians to deposit their jewellery in the bank to earn interest, in an effort to curb soaring imports of the precious metal.

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