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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

Feeling the squeeze: As more businesses cut staff to grapple with reduced demand for goods and services, desperation is emerging all over India's biggest cities. The most economically damaging effect of PM Modi's demonetisation process is that India's poor are the hardest hit.

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...

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