Modi defends cash ban, announces incentives
India's PM announces measures for the poor, farmers, women and small businesses in New Year's address
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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 opportunity for Mr Modi to shore up support after a radical move on Nov 8 to withdraw all 500 and 1,000 rupee bills, accounting for 86 percent of currency in circulation.
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