{"id":34147,"date":"2016-11-09T09:56:06","date_gmt":"2016-11-09T08:56:06","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=34147"},"modified":"2016-11-09T09:58:45","modified_gmt":"2016-11-09T08:58:45","slug":"india-scraps-500-and-1000-rupee-bank-notes","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/india-scraps-500-and-1000-rupee-bank-notes\/","title":{"rendered":"India Scraps 500 and 1,000 Rupee Bank Notes"},"content":{"rendered":"<p>The surprise announcement by Indian Prime Minister Narendra Modi that all 500- and 1,000-rupee notes will be scrapped has been met with shock.<\/p>\n<p>Indian media described the move variously as a &#8220;surgical strike&#8221; on tax evaders in the country&#8217;s overwhelmingly cash economy and a &#8220;big bang note&#8221;.<\/p>\n<p>On Tuesday there were serpentine queues at ATMs as people tried to withdraw 100 rupee notes, which are still legal.<\/p>\n<p>Banks and ATM machines were shut on Wednesday.<br \/>\nThe surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash holdings. New 500 and 2,000 rupee denomination notes will be issued to replace those removed from circulation&#8230;&#8230;<br \/>\n<a href=\"http:\/\/www.bbc.com\/news\/business-37919292\" target=\"_blank\">bbc.com<br \/>\n<\/a><a href=\"http:\/\/www.w-t-w.org\/en\/india-scraps-500-and-1000-rupee-bank-notes\/_92323701_image1\/\" target=\"_blank\" rel=\"attachment wp-att-34148\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-34148\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/11\/92323701_image1.jpg\" alt=\"Here is what you can do\" width=\"624\" height=\"624\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/11\/92323701_image1.jpg 624w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/11\/92323701_image1-150x150.jpg 150w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/11\/92323701_image1-300x300.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/11\/92323701_image1-64x64.jpg 64w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The surprise announcement by Indian Prime Minister Narendra Modi that all 500- and 1,000-rupee notes will be scrapped has been met with shock. Indian media described the move variously as a &#8220;surgical strike&#8221; on tax evaders in the country&#8217;s overwhelmingly &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/india-scraps-500-and-1000-rupee-bank-notes\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-34147","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/comments?post=34147"}],"version-history":[{"count":3,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34147\/revisions"}],"predecessor-version":[{"id":34151,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/34147\/revisions\/34151"}],"wp:attachment":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/media?parent=34147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/categories?post=34147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/tags?post=34147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}