56% Mumbai slum dwellers back note ban

December 31, 2016 10:52

The government's move to derecognise old, high-value currency notes has sizeable backing from slum dwellers in Mumbai, a survey by SP Jain Institute of Management and Research shows.

The survey, covering 214 families from 28 slum neighbourhoods in the K-West ward of Mumbai, provides a window into how lives in these settlements have been affected by the demonetisation move, which the government said will help curb the countrys black-money economy.

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