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World

World in Progress: India: Demonetization and the elections

State elections have kicked off in India amid the cash crisis caused by the BJP's controversial demonetization policy. Four months ago, all 500 and 1,000 rupee bills - almost 86 percent of cash in circulation - ceased to be legal tender. The objective was to combat tax cheating, illegal cash flows and corruption. But it's also hit India's rural poor who have little access to banks.

Listen to audio 07:34

(report: Murali Krishnan)