The announcement of a ban on the largest currency bills circulating in India, which came into full effect at midnight Friday, the last day for depositing the old notes at banks, set off cash shortages that have hit the country’s most vulnerable people hard and prompted worries about the economy. But despite those concerns, as well as doubts about whether the currency ban will reduce corruption as it is designed to do, for the moment, at least, Mr. Modi’s bet appears to be paying off in the public arena. – New York Times
Shaan Taseer, the son of a prominent Pakistani politician assassinated over blasphemy allegations, is himself now the target of a police case and a fatwa calling for his killing after he recorded a Christmas message criticizing the country’s blasphemy law. – WSJ’s India Real Time
Sadanand Dhume writes: Mr. Modi deserves credit for his surprisingly deft handling of complex strategic issues. But on economic policy he has damaged his international reputation by following a quixotic path detached from both history and the broad national consensus among experts on reforms. – Wall Street Journal (subscription required)