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India: Narendra Modi’s bonfire of the rupees

India, at the start of this year, began requiring retailers that received more than Rs200,000 ($3,000) in cash from a customer to report details of the sale — and the…

Indian annual inflation falls to 14-month low

India’s annual inflation rate fell to its lowest level since August 2015 last month, driven lower by falling food prices in Asia’s second largest economy. Year on year consumer prices…

Modi seeks to rally public behind India’s currency crackdown

Indian prime minister Narendra Modi sought on Monday to rally public support for his draconian decision to scrap most of the country’s existing banknotes, while the government urged citizens struggling…

My quest for cash in Modi’s India

I had just slapped a Rs500 note on the counter of a south Indian snack stand when my phone rang. “Are you watching Modi’s speech on television,” my colleague said…

India’s cash chaos sparks growing backlash

Indians’ desperate quest for cash intensified at the weekend, as public resentment grew at New Delhi’s chaotic effort to replace more than $220bn in cash with new currency notes in…

India scraps high-value banknotes in black economy clampdown

India unexpectedly scrapped all larger-denomination banknotes overnight in what New Delhi said was a move to stop counterfeiting and clamp down on the black economy. Prime Minister Narendra Modi said…

India scraps 500 and 1000 rupee notes

Current notes worth 500 and 1,000 rupees will cease to be legal tender in India from midnight on Tuesday, Narendra Modi has announced, in a shock move he says is…

May’s Indian journey is a hard test on immigration

If Theresa May hopes to return from her trip to India this week with evidence of substantial progress on trade, she has her work cut out. Her job is tough…

India’s investment grade rating confirmed by S&P

India’s investment grade borrower status has been confirmed by S&P Global Ratings, which praised improvements in economic policymaking under the government of prime minister Narendra Modi. S&P affirmed the long-term…

Beyond the control of scions in India’s family businesses

Indians have a saying that captures the tendency of family businesses to decline over generations: “The life of a business house is 60 years.” This phenomenon was portrayed by the…

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