Will Modi's India cash ban plan backfire?

Prime Minister Narendra Modi's shock decision to scrap most of India's currency was hailed by some as a masterstroke against endemic corruption, but signs are emerging that it may hit the economy hard. India runs largely on cash, but that is still in short supply, nearly three weeks after Modi's shock announcement that 86 percent of its currency would be withdrawn from circulation. On Thursday former prime minister Manmohan Singh, a respected economist, told parliament the surprise decision woul