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Govt defends clampdown on cash economy

Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all.

A team of over 50 I-T sleuths and police personnel had launched operations on Thursday and searched premises in Bengaluru, Chennai and Tamil Nadu.
Snapdeal, India's largest online marketplace, brings the perfect antidote to cashless blues, with the exciting Snapdeal Unbox CashFree Sale, on December 5-6.
Forex dealers said the dollar's weakness against some currencies overseas led to the rupee upmove.

Reliance Jio today offered more competition for the market players with RIL chairman Mukesh Ambani making key announcements today.
Analysts expect dispatches to decline further in the coming months as auto makers seek to match supply with slowing demand.
Gems and jewellery exporters have demanded cut in the import duty to boost exports.
Telecom regulator Trai on Thursday said it will examine Reliance Jio's latest offer providing free 4G services for all its customers till March 31, 2017.
Treasury yields surged to near 18-month highs and crude futures soared to 16-month highs.
Union Budget 2016-17