How ‘black money’ caved in under ‘Modinomics’

It took him more than two years, but Indian Prime Minister Narendra Modi has finally discovered the art of the deal.

AN hour after Indian Prime Minister Narendra Modi announced the demonetisation of the 1,000-rupee and 500-rupee notes on Nov 8, there was a rush to the jewellery shops.

A shop in Delhi that had sold less than one kg of gold the previous day, chalked up sales of almost 45kg of gold on the night when the demonetisation was announced.