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black money

Five ways Indians are dodging ‘black money’ crackdown

NEW DELHI: From deploying 'cash coolies' to buying Rolex watches, Indians have found unique ways to dodge the government's surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion. Prime Minister Narendra Modi sent shockwaves through the country by announcing on November 8 all 500 rupee ($7.30) and 1,000 rupee notes -- some 85 percent of all bills in circulation -- would cease to be legal tender within hours. READ MORE: India withdraws 500 and 1,000 rupee notes from…