Many were surprised when Prime Minister of India Narendra Modi announced the discontinuation of 500- and 1000-rupee notes on Tuesday in an attempt to curb fraud, corruption and illegal tax evasion, and illegal cash holdings. Citizens will have from Nov. 10 through Dec. 30 to...
December 12, 2016
There may be a winner that emerges from the snafus and snarls caused by the demonetization of Indian notes that have effectively paralyzed parts of the economy: cashless payments. As has been widely reported, the ban on 500- and 1,000-rupee Indian notes, which took effect last month, removed a huge chunk of currency from physical circulation, […]
November 09, 2016
Many were surprised when Prime Minister of India Narendra Modi announced the discontinuation of 500- and 1000-rupee notes on Tuesday in an attempt to curb fraud, corruption and illegal tax...