Tag: why?

Defying the nationwide trend, people in the Kashmir valley are queuing outside ATMs and banks. Rs 500 and Rs 1,000 notes are still widely used, and are likely to remain in circulation until the deadline of 30 December. India was thrown into chaos on 8 November after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 currency notes. The cash crunch made it difficult for people to buy even essential items such as milk, vegetables, fruits and grocery. Surprisingly, however, life went on as usual in…

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