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Article on December 30, 2016

Ordinance Criminalising Holding Junked Notes Gets President's Assent

In a bid to check a parallel economy being run on junked currency, the government on Friday made holding, transfer and receiving of the demonetised note a criminal offence, punishable with a minimum fine of Rs 10,000

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SP Chief Mulayam Singh Expels UP Chief Minister Akhilesh Yadav From Party For 6 Years

The ruling SP was on Friday on the precipice of a split with party supremo Mulayam Singh Yadav expelling his son and Chief Minister Akhilesh Yadav and general secretary Ramgopal Yadav for six years after they put up candidates against the official nominees and summoned a party meet on Sunday

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PM Bats For Digital Currency, Says Aadhaar-Based Payments In 2 Weeks

Scoring a political point, he said a new indigenously developed payment app 'BHIM' has been named after the main architect of Indian constitution, Bhim Rao Ambedkar

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Nine Miners Dead In Lalmatia Colliery Mishap In Jharkhand

An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident

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People Line Up At Banks To Deposit Savings Or See Them Disappear

Only 35-40 percent of ATM machines were currently dispensing cash, according to Ramaswamy Venkatachalam, managing director, India and South Asia, Fidelity Information Services, a banking technology provider

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Apologise For 'Blunder Of Demonetisation', Kejriwal Tells Modi

Alleging that the RBI was 'tight-lipped' on the amount of money demonetised or black money recovered, he asked Modi to explain how much of illegal wealth has returned and what amount of money was being pumped into the system

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India To Start Taxing Capital Gains To Singapore Investors From April

With the treaty amendments, investors based in Singapore will no longer benefit from tax exemptions on capital gains taxes

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Forex Reserves Fall By $935.2 Million To $359.67 Billion

Foreign currency assets, a major component of the overall reserves, dipped by $933.2 million to $335.970 billion in the reporting week

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Sensex Ends Volatile 2016 On Bullish Note, Rises 260 Points

With the deadline for depositing banned notes ending on Friday and ahead of the approaching Union budget, investors accelerated buying activity with hopes that the government might come up with a series of steps to boost the economy

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Putin 'Reserves Right' To Retaliate, Will Look At Trump Policies

Putin says 'will be planning our next steps in restoring the US-Russian relations based on the policies pursued by the administration of president Donald Trump'

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