Daily Newsletter | Wednesday, December 28, 2016 | | | 90% of scrapped notes now back in system, big dividend unlikely | | Of the Rs 15.4 lakh crore worth of Rs 500 and Rs 1,000 notes that were scrapped as a resulted of PM Modi's Nov 8 declaration, as much as Rs 14 lakh crore has been deposited in banks. This also means that expectation that RBI will be able to give a substantial dividend to the government will be belied. |
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| Note ban also stalled human trafficking: PM Modi | | PM Narendra Modi on Tuesday stoutly defended the move of demonetisation claiming that the decision has destroyed “in one stroke the worlds of terrorism, drug mafia, human trafficking and underworld.” This, he said, happened when “on November 8, fake notes became zero.” |
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| Law soon to impose penalty for holding old notes | | The ordinance is necessary to complete the legal process of demonetisation as banks will stop accepting deposits of old currency after Friday. The ordinance is expected to be cleared by the Cabinet in a day or two. |
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| | Over 70 snakes seized from Pune flat, two arrested | | Over 70 deadly snakes, mostly Russell's vipers and cobras, were seized from a residential apartment in Pune where a man was living with his wife and children. The reptiles were used to extract venom and were also sold and smuggled. |
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| Briton among 3 held with Rs 6L fake notes in Surat | | Crime branch sleuths arrested three persons from Limbayat area of city with counterfeit currency of Rs 6 lakh in Rs 1000 denomination. One of the accused is a UK resident and he claimed that he bought the counterfeit notes from UK, police told. |
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| | Google: This tech course is 'hotter' in India than the US | | India overtook the US to become the largest country in terms of interest in mobile developer courses in 2016, Google India said on Tuesday -- search queries in mobile development courses from India saw 200% (Year-on-Year growth) in the last two years |
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| This country tops in smartphone addiction? | | In the first half of 2016, Finns used nearly twice as much mobile data on portable devices as South Koreans, who came second in a recent comparison of 32 European and Asian countries by Swedish telecommunication specialist Tefficient. |
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| | Making Kalmadi, Chautala IOA life presidents unacceptable: Goel | | "We are shocked at the resolution passed by the IOA to make Suresh Kalmadi and Abhay Singh Chautala as life presidents of IOA. This is totally unacceptable to us as both of them are facing serious corruption and criminal charges," Sports minister Vijay Goel said. |
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| Gujarat's record smashing opener eyes government job | | The 26-year old Gohel remained unbeaten on 359 as he bettered the 117-year old record set by Surrey's Bobby Abel who scored 357 not out against Somerset at The Oval in 1899. Gohel has also become the fourth triple centurion in the history of first-class cricket to carry his bat through the innings. |
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| | Modi govt's 3rd Budget likely to be taxpayer-friendly | | A source said the Modi government's third Budget may offer incentives and packages to boost consumption and accelerate economic growth, a concern after reports that demonetisation had suppressed demand and reduced discretionary spending. |
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| Fund transfer via feature phones set to get easier | | The National Payments Corporation of India (NPCI) has integrated the *99# messaging-based mobile banking service with its Unified Payments Interface (UPI), allowing transfer of money with minimum details. |
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