As many as 26 Pakistani nationals from five boats were detained by the Indian Coast Guard off Jhakhau coast in Kutch district on Monday.
We are 17 days away from Prime Minister Narendra Modi’s 50-day deadline to end the worst effects of the scrapping of 86%–by value–of India’s currency. In the chest-thumping, hand-wringing and controversy that has ensued since the announcement on November 8, 2016, there has been an absence of facts on the question of re-monetising India.
In the first real evidence of the impact of demonetisation on economy, data coming in on Thursday showed a sharp drop in consumer purchases in November, with mobile phones, FMCG, home appliances, real estate, and cars bearing the brunt.
Customers damaged furniture at a state-run bank in Uttar Pradesh on Thursday and reports of public anger spilling over emerged from other places as the government struggled to meet the demand for cash on the first payday since the recall of high-value banknotes.
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