India Abolishes Larger Banknotes in Fight Against Graft,' Black Money'(nytimes.com)
nytimes.com
India Abolishes Larger Banknotes in Fight Against Graft,' Black Money'
http://www.nytimes.com/reuters/2016/11/08/business/08reuters-india-modi-corruption.html
3 comments
https://news.ycombinator.com/item?id=12900965
Great way to tackle corruption and black money.
It's a surprise move and in affect starting tonight. I would say it's a great, bold move. But govt should have given one week notice. Not sure how effective it will be in rural areas where atm/debit/credit cards are rarer.