• Friday, April 19, 2024

Business

Modi says cash crackdown is a fight for the poor

Narendra Modi

By: Eastern Eye Staff

India prime minister Narendra Modi on Tuesday (7 )defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a “fight” for the poor. Modi’s comments came days before the start of a regional assembly election in Uttar Pradesh, a battleground state that is home to one in six Indians and will help determining his chances of winning a second term in 2019. While the decision to outlaw 500- and 1,000-rupee bank notes late last year was part of a broader crackdown on corruption, the sudden withdrawal of 86 per cent of currency in…

You do not have access to this content. You need to subscribe.

Related Stories

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…