World

Thousands join rally against Malaysia PM Najib over 1MDB scandal

Kuala Lumpur, Malaysia : More than 10,000 yellow-shirt protesters rallied in Kuala Lumpur on Saturday seeking Malaysian Prime Minister Najib Razak’s resignation over a financial scandal, undeterred by a police ban and the arrest of more than a dozen activists. Police barricaded key roads in downtown Kuala Lumpur with water-cannon trucks on standby, but it […]

India

What are banks doing with cash deposit flood?

Since the Union government withdrew Rs 500 and Rs 1,000 notes from midnight on 8 November, banks have been flush with cash, primarily on account of people depositing now-invalid notes in their bank accounts. With the country’s largest lender, State Bank of India, itself having collected Rs 1.27 trillion in cash deposits in the first […]

India

Polling begins for bypolls in Tamil Nadu, Puducherry, West Bengal

Chennai/Kolkata – INDIA, 19 Nov 2016: The polling for three Tamil Nadu assembly constituencies — Thirupparankundram, Aravakkurichi and Thanjavur — and the lone Nellithope constituency in Puducherry began at 7 a.m. on Saturday. In Tamil Nadu, nearly 7.54 lakh voters are expected to exercise their vote and decide the fate of 81 candidates in the […]

India

Demonetisation: RBI incapable of printing Rs 500 notes in 2 months, says Randeep Singh Surjewala

New Delhi – INDIA, 17 Nov 2016: Senior Congress leader and party spokesperson Randeep Singh Surjewala on Thursday launched a scathing attack on Narendra Modi government for failing in the demonetisation process, which has caused a cash crunch across India. Surjewala said that the Reserve Bank of India’s printing press have the capacity to print […]

World

Chinese media says “Scrapping currency cannot deliver corruption-free India”

Beijing, Nov 14: India’s decision to demonetise Rs 500 and Rs 1,000 currency notes was “bold and decisive” but the “risky” move is far from delivering a corruption-free country, the Chinese media said on Monday. However, the op-ed in the Global Times hailed Prime Minister Narendra Modi for his “startling and sudden move” which has […]

India

Demonetisation- What the Bollywood Stars say for

The demonetisation move by Prime Minister Narendra Modi took the country by surprise, but a large section, including the Hindi film industry, endorses the brave decision. Aamir Khan, whose film Dangal is all set to hit the theaters this December, stated that he would not mind if the business of his film gets affected by […]

India

About Rs 2 lakh cr deposited in banks till Saturday afternoon: Jaitley

New Delhi, Nov 12 : Union Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following the demonetisation of Rs 500 and Rs 1,000 notes. “The largest banker in the country State Bank of India (SBI) saw deposits of Rs 47,868 […]