Five must-read stories—February 10

UP polls: Why it's a tall order for BJP, BSP to beat Congress-SP alliance

The Samajwadi Party and Congress alliance has converted Uttar Pradesh elections into a three-cornered contest, increasing the threshold required to win a majority to at least 35-40% of the votes, making it harder for the BJP and BSP. A Mint report.

What can India teach us about abolishing high-value currency?

With liquidity sucked out of the Indian market at the end of last year, car and home sales plummeted. Investments shrank. The IMF slashed India's growth rate by a full percentage point. "I just don't know what they were thinking," Rogoff says. It appears the lesson India offers in removing high value bills is how not to do it. An NPR report.

GSTN rejects CAG’s request to name auditor, do an extra audit

GSTN (Goods and Services Tax Network), a private limited company set up in 2013 for providing IT infrastructure to all stakeholders for GST implementation, has rejected a request from the Comptroller and Auditor General to appoint an auditor as well as to conduct a supplementary audit, reports The Indian Express.

Infosys board needs an overhaul, says NR Narayana Murthy

Infosys founder NR Narayana Murthy speaks to Economic Times on the fall of corporate governance at Infosys and has questioned the actions of chairman R Seshasayee and independent director Jeffrey Lehman, bringing to a head tensions between the most important stakeholders at India’s second-largest software company.

Trump loses court battle to reinstate travel ban

A three-judge federal appeals panel on Thursday unanimously refused to reinstate President Trump’s targeted travel ban, delivering the latest and most stinging judicial rebuke to his effort to make good on a campaign promise and tighten the standards for entry into the US. A New York Times report.