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India’s Finance Minister Calls Currency Ban a Success; Critics Disagree

India’s finance minister, Arun Jaitley, has called the government’s controversial currency ban a success, citing a jump in revenue collection. “Already a large part of the benefits of the historic move are visible. A lot of money has come into the banking system,”Jaitley told reporters on Thursday, a day before the December 30 deadline to deposit banned currency notes in banks. Critics say the government’s surprise move in scrapping 86 percent of the currency on November 8 in a...

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