To fight graft, India withdraws large bills
Modi has made fighting corruption and increasing ease of doing business in India cornerstones of his legacy [Xinhua]
In a surprise move, India will withdraw the 500 and 1,000 rupee notes from circulation effective midnight Tuesday official sources said in New Delhi.
The measure came following an announcement from Indian Prime Minister Narendra Modi who said it was an essential move to tackle graft in the country and crack down on unknown sources of income.