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Monday, November 28, 2016

Protest in india after rupee banknotes withdrawn

Tens of thousands of people have demonstrated across India to protest against the government's decision to withdraw high-value banknotes from circulation.
But the response to the "day of rage" called by opposition parties has been patchy, with the demonstrations only affecting daily life in opposition-ruled states.
It has been 20 days since Prime Minister Narendra Modi announced the country's 500 and 1,000 rupee notes (worth between about £5 and £12) would be demonetised, effectively making 86% of the country's total cash illegal.
The policy was introduced in a bid to counter corruption, weed out black money, or counterfeit currency, and to tackle terrorism.
A severe shortage of the new 500 and 2,000 rupee notes, which replaces the old currency, led to long queues at banks and cashpoints, creating a cash crunch on a scale never seen before.

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