PM Narendra Modi faces risk of economic stress as India scrambles for cash

PM Narendra Modi faces risk of economic stress as India scrambles for cash 

1. 
   Prime Minister Narendra Modi’s ban on high-value currency was initially hailed as a game-changer to check corruption and tax evasion. But as anger on the streets increases over a prolonged scramble for cash, he’s facing the risk of economic slowdown and political backlash. 
   
   Modi’s startling and sudden move to withdraw 500 and 1,000 rupee notes a week ago has left India with about one-seventh of its currency in circulation. Small businesses, real estate, gold and the informal sectors  .. 
   
   
   Prime Minister Narendra Modi’s ban on high-value currency was initially hailed as a game-changer to check corruption and tax evasion. But as anger on the streets increases over a prolonged scramble for cash, he’s facing the risk of economic slowdown and political backlash. 
   
   Modi’s startling and sudden move to withdraw 500 and 1,000 rupee notes a week ago has left India with about one-seventh of its currency in circulation. Small businesses, real estate, gold and the informal sectors  .. 
   
   

   
   
2. Prime Minister Narendra Modi’s ban on high-value currency was initially hailed as a game-changer to check corruption and tax evasion. But as anger on the streets increases over a prolonged scramble for cash, he’s facing the risk of economic slowdown and political backlash. 
   
   Modi’s startling and sudden move to withdraw 500 and 1,000 rupee notes a week ago has left India with about one-seventh of its currency in circulation. Small businesses, real estate, gold and the informal sectors  .. 
   
   
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   http://economictimes.indiatimes.com/articleshow/55452582.cms?type=dailynews&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst