With immediate effect, the 500 and 1000 rupee notes are no longer valid – a decision that’s been met with shock and frustration across India. The government hopes to crack down on counterfeiting.
A significant increase in the sale of counterfeit alcohol is a major threat to public health. Scientists and entrepreneurs are rushing to create tools that, in future, will tell if your New Year tipple has been tainted.
The Indian premier has hailed the scheme, saying "it will become an example" for the world. But others are critical, warning that similar initiatives had been bogged down by lack of infrastructure and state corruption.
Prime Minister Narendra Modi will seek a second term in office in 2019. His four years at the helm have been mired in controversies, with the PM receiving praise as well as heavy criticism. Murali Krishnan reports.
PM Modi's move to abruptly withdraw all high-value currency notes from circulation remains highly contentious a year on, with former PM Manmohan Singh calling it "a black day" for India's economy and democracy.
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