Dec 8 (Reuters) - Indian prime minister Narendra Modi announced a shock move on Nov. 8 to ditch 500 and 1,000 rupee notes - worth a combined $256 billion - that he said were fuelling corruption, being ...

You may have heard of the demonetization of bank notes in India. That means the country has officially withdrawn recognition of the validity of certain currency denominations. The move was undertaken ...

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. A TAXI DRIVER, center, pleads in front of a gas station attendant to accept ...

MUMBAI (Reuters) - India's withdrawal of larger banknotes from circulation is sparking a surge in cash deposits and raising hopes the added liquidity will allow banks to lower lending rates more ...

ON NOVEMBER 8th 2016, Narendra Modi, India’s prime minister, stunned its 1.3bn people by announcing that most banknotes would soon become worthless. Indians then queued for weeks on end to exchange or ...

(NEW DELHI) – Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight, saying it was part of a crackdown on rampant ...

Footage showing a couple of boys waving bundles of demonetised Indian currency notes circulated online in posts that falsely ...

Well, that didn't take long, did it? We're only four months into demonetisation and good quality, but not perfect, fake Rs 2,000 banknotes are being reported in India. That they are reported to ...

India plans to eliminate the current versions of its two largest banknotes in a bid to undermine pervasive corruption. Prime Minister Narendra Modi announced Tuesday that current 500- and 1,000-rupee ...

NEW DELHI (AP) — Indians awoke to confusion Wednesday after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where many in the poor and ...