PM Modi Defends Notes Ban, Announces Incentives

New Delhi: Prime Minister Narendra Modi announced a slew of incentives to the poor, farmers, women and small businesses on Saturday in a special New Year's address, and defended his shock decision to abolish high denomination bank notes. The withdrawal of Rs 500 and Rs 1,000 bills on November 8 caused widespread disruption and anger in a country where cash is dominant, and the televised speech was seen as an opportunity to offer fin...