• Tuesday, November 29, 2022

News

Tens of thousands protest against India cash ban

Banks have struggled to cope with the demand for new notes

By: Eastern Eye Staff

TENS of thousands of people turned out today for nationwide protests against India’s ban on high-value banknotes, which opposition party organisers claim has caused a “financial emergency”. India’s Prime Minister Narendra Modi announcement nearly three weeks ago to pull 86 per cent of the currency from circulation overnight triggered a chronic shortage of notes in an economy that operates almost entirely on cash. Around 25,000 people took to the streets in Kolkata, capital of West Bengal state, whose left-wing chief minister Mamata Banerjee has warned of “riots and epidemics” if the ban continues. An estimated 6,000 more turned out to…

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

Eastern Eye

Related Stories

Eastern Eye

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…