24-11-2016 10:49 via news.yahoo.com

India note ban 'legalised plunder' says ex-premier

India's former prime minister said Thursday the government's shock move to withdraw all high-value notes from circulation would slow growth in the world's fastest expanding major economy, calling it "legalised plunder". Manmohan Singh, whose economic reforms are credited with rescuing the country from the brink of bankruptcy in the early 1990s, said the two-week-old scheme had been a "monumental management failure" that would knock two percentage points off growth. "The way this scheme has been
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