In November, he lost his job of 18 years because his employer ran out of orders after the cash recall. Kumar and millions of others live in the cash economy, exposing them to the full impact of Prime Minister Narendra Modi’s shock November 8 decision to recall 500-and 1000-rupee banknotes in his fight against black money. Read | Budget 2017: FM Jaitley says jobs, skill training are among 10 key focus areasIn the cities, much of the cash crunch has eased. But things are far from normal, especially in the rural economy. With plastic cards or digital wallet apps on smartphones still to gain widespread acceptance, the breakdown in the cash economy caused major disruptions to the supply of farm produce to cities.

Source: Hindustan Times February 02, 2017 01:41 UTC