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20 places where you can still use Rs 500 notes

Although old Rs 500 notes can still be used for some designated transactions, Rs 1000 notes are no longer acceptable except as a bank account deposit.   More »

  • RBI takes surprise action to soak up liquidity

    NEW DELHI/MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Saturday unexpectedly ordered banks to deposit their extra cash with it, in a bid to absorb excess liquidity generated by a government ban on larger banknotes. Banks had put some of this cash into government bonds, sparking a rally that saw the benchmark 10-year bond yield fall more than 50 basis points to its lowest in more than 7-1/2 years. The central bank said banks would need to transfer 100 percent of their cash under the RBI's cash reserve ratio from deposits generated between Sept. 16 and Nov. 11, saying it was a temporary measure that would be reviewed on or before Dec. 9.

    Reuters 50 mins ago

  • Ranveer Singh Issues Statement For His Controversial And Insensitive Ad!

    While his movie Befikre is nearing for the release, Bollywood actor Ranveer Singh surely does not want to be carefree and make sure that he does not hurt his fans in any way. Recently, Ranveer featured in an advertisement by Danish menswear brand Jack and Jones that was heavily criticized on Twitter for its sexist approach. Ranveer Singh issues an statement that reads, “It was important to give the brand creative freedom while designing their campaign, but I guess we got it wrong on one of those billboards and I’m sorry this happened but it’s a thing of the past.

    Business of Cinema

  • Pakistan pleaded with us to stop 'powerful response': Manohar Parrikar

    Panaji: India’s response to “cowardly attacks” from Pakistan was so powerful that the Indian armed forces were called by their Pakistani counterparts some days back, pleading that India should halt its response, Defence Minister Manohar Parrikar said. Here are major things said by Manohar Parrikar: There is no doubt that the army is gallant, but for the first time, the country’s political leadership took a strong policy decision. And after that too, we have given an appropriate response to other cowardly attacks. It was such a powerful response that some days back, finally they called us that please stop this we are pleading with you. We said that we have no problem stopping it, but you stop

    ABP Live q

  • Hrithik Roshan ranked No.3 on World's Most Handsome Faces list

    It isn’t a surprise that Hrithik Roshan who is known for his drop-dead Greek God looks has made it to the list of Most Handsome Man in the World list put out by a leading international website. His stunningly good looks, his coloured eyes and overall personality have often got him featured on the list of best looking men across the world. Hrithik Roshan comes third in the list of the Most Handsome Faces, after Hollywood actor Tom Cruise, followed by Twilight star Robert Pattinson occupied the first two positions. Hrithik, on the other hand, has left behind the likes of some renowned celebrities like Johnny Depp and Brad Pitt who are at number four and number eight respectively. Hrithik, who is

    Bollywood Hungama q

  • Karishma Tanna Is A Muse Of This Television Star

    Popular face on Indian telly, Mrunal Jain who is best known for his role of Akash in Uttaran, has his hands full with work currently. The actor’s passion for photography takes him behind the camera on several occasions. In the past, he has clicked terrific photos of two telly beauties, Tina Dutta and Rashami Desai, his co-stars in the popular show of Uttaran.

    Business of Cinema

  • Snapped: Virat Kohli And Anushka Sharma At Mohali!

    Virat Kohli, is probably one of the few exceptions where the cricketer has a wider female fan base than males. Virat is currently playing in Mohali for the India vs England third Test match. Earlier this year there were reports of the two lovebirds calling quits as apparently Virat had asked her hand in marriage and she refused saying that she wants to focus on her career at the moment.

    Business of Cinema

  • LIVE| India vs England, 3rd Test Day 1: England elect to bat, Karun Nair makes debut

    Mohali: England have won the toss and elected to bat in the third Test against India at the Punjab Cricket Association Stadium in Mohali on Saturday. Karun Nair is making his Test debut replacing injured KL Rahul while Parthiv Patel makes a comeback to India’s Test squad after Wriddhiman Saha is ruled out of the third Test following a strained left thigh. England too have made multiple changes to the playing XI. Gareth Batty have replaced Zafar Ansari and Jos Buttler has taken Ben Duckett’s spot in the team. Chris Woakes, who did not play the second Test, replaces injured Stuart Broad in the team. Virat Kohli and Co. will look to extend their dominance over the England side as India take on Alastair

    Deccan Chronicle q

  • Box Office: The final verdict - Ae Dil Hai Mushkil BEATS Shivaay by more than Rs. 90 crores at the global box office

    It has been four weeks now since the release of Karan Johar’s Ae Dil Hai Mushkil and Ajay Devgn’s Shivaay. Though buzz was that since both films released on the same day box office collections would be dented, however, both releases have done well at the box office. But from the two it is the Karan Johar directed Ranbir Kapoor, Aishwarya Rai Bachchan and Anushka Sharma starrer Ae Dil Hai Mushkil that has managed to surge ahead in terms of overall box office collections. In fact the data clearly puts Ae Dil Hai Mushkil in the lead over Shivaay. Grossing Rs. 238.5 cr, Ae Dil Hai Mushkil takes the lead over Shivaay that grossed Rs. 148.18 cr by a massive Rs. 90 cr margin. Ae Dil Hai Mushkil box

    Bollywood Hungama q

  • Demonetisation Is Inconvenient But There Are Some Blessings. Let’s Count ‘Em!

    The government’s demonetization drive has precipitated financial chaos in the country and experts are still divided on the overall impact of the move on the economy. While the formal economy is reeling under a cash crunch, with 86% of the currency in circulation no longer legal tender, the pinch is also being felt by those involved in illegal activities funded by cash-transactions, and it’s not just terrorists! Source: Pixabay The government has cited combating terrorism as one of the key objectives of  demonetisation. The idea is to make fake notes flowing in from Pakistan, mostly in 500 and 1000 rupee denominations, useless so that black money, an important source of terrorist funding, dries up. The government says this plan is succeeding. Here are some of the silver linings: Nobel laureate Kailash Satyarthi has come out in support of the measure and says it will check human trafficking and child slavery in the country. Millions of women and children in India are victims of trafficking. Another illegal business where cash dominates is prostitution. As a fallout of the withdrawal of 500 and 1000 rupee notes, local media outlets are reporting that women offering sex services are asking clients to pay digitally or take a hike. There is no doubt that the move has put a dampener on weddings this season. Many weddings rely on cash expenditures, with gifts and dowry changing hands. Social activists have reason for cheer that dowry giving, a social ill that places a huge financial burden on the woman’s family, may have become difficult as a result of demonetisation. Some families of bridegrooms have withdrawn or reduced their dowry demands. Weddings have also become less lavish. Source: By Yogita (Wedding) [CC BY 3.0], via Wikimedia Commons Cash transactions also fuel drug dealing so it is no surprise that in the Malda region  of West Bengal, which is a hub of the drug trade, demonetisation has delivered a blow. Smugglers cannot pay opium farmers and buyers are short of cash to purchase drugs. Only time will tell if this is a temporary or permanent setback for the drug mafia. Tax collections by local urban agencies have also registered a huge increase. Data from the Urban Development Ministry shows that the tax collection of 47 local bodies rose by 268% in November 2016 compared to the corresponding period last year. “This is the positive effect of demonetisation. People are clearing up their old dues, paying with Rs. 500 and Rs. 1,000 notes. For the urban local bodies, it has meant substantial mopping up of tax collection,” Urban Development Minister M Venkaiah Naidu told The Hindustan Times . Mumbai-based brokerage Edelweiss Securities Ltd. forecasts that the government’s move will uncover Rs. 3,00,000 crore in black money. Some more optimistic estimates peg the figure at Rs. 4,60,000 crore. "This money can now get utilised for various economic reforms’ funding," Edelweiss analyst Manoj Bahety told Bloomberg. The gains could help India narrow its budget deficit. It is a chance to plough more money into defence and energy spending or increase spending on social services such as education, health and housing, by as much as three times. If the government does rake in windfall gains, as some economists predict, where should the money be utilised? Leave your suggestions on our Facebook page. Like this story? Or have something to share? Write to us: [email protected], or connect with us on Facebook and Twitter. NEW: Click here to get positive news on WhatsApp!

    The Better India

  • Zakir Naik slams Centre's ban on IRF, says will fight back

    Mumbai (Maharashtra) [India], Nov. 25 (ANI): Criticising the Centre's decision to declare the Islamic Research Foundation (IRF), a non-governmental organisation (NGO) run by controversial Islamic preacher Zakir Naik, as an "outlawed organisation" under the anti-terror law for its alleged terror activities, Naik on Friday said this must be the most unique ban to be applied in the history of India, because not a single time was I questioned or given a chance to explain. The entire investigation was completed without any agency asking me a single question about my so-called 'wrongdoings'," said Naik in a statement issued by his office here.

    ANI

  • Balaji Motion Pictures' CEO Aman Gill Resigns

    Ekta Kapoor has stopped producing films, for sometime at least. Come next Thursday, CEO Aman Gill will no more be a part of her company

    Spotboye

  • Chinese media lauds Indian PM Modi's 'bold' demonetisation move

    Beijing [China], Nov. 26 (ANI): Calling Indian Prime Minister Narendra Modi's decision to demonetise Rs. 500 and Rs. 1000 currency notes as a 'bold move' and a 'gamble', the Chinese media said Saturday that the former has created a precedent with this move irrespective of the fact that the whole process succeeds or fails. "The Western-style democratic system of India allows little room for such bold moves. "Modi's move is very bold.

    ANI

  • BJP demands apology as Farooq Abdullah stirs row with remark on PoK

    New Delhi [India], Nov 26 (ANI): The Bharatiya Janata Party (BJP) on Saturday condemned former Jammu and Kashmir chief minister Farooq Abdullah's assertion that Pakistan occupied Kashmir is not a personal property to be inherited and asked him to tender an apology for using an intemperate language related to India's sovereignty. "It is extremely condemnable if it is true.

    ANI

  • Ganesha Hints At Some More Radical Changes In The INR Structure, Says “This Is Just The Beginning”

    Now that the Rs. 500 and Rs. 1000 currency notes have been scrapped, the Indian economic picture looks interesting. But are some more radical changes in the pipeline? Ganesha finds out.

    GaneshaSpeaks.com

  • Half of the high-paying jobs in America now require this skill

    And it’s a talent many of you likely don’t have.

    MarketWatch q 27 mins ago

  • Pakistan allows Russia use of Gwadar Port under CPEC

    Ashgabat, Nov 26 (IANS) Pakistan on Saturday decided to accord approval to a Russian request for using the Gwadar Port for its exports as Moscow has also showed its willingness to be part of the China-Pakistan Economic Corridor (CPEC). Following Iran and Turkmenistan, Russia has decided to use the Gwadar Port for trade to have an access to warm waters, a top official privy to the development told Geo News. Russia also wants to join the CPEC to reap maximum dividends.

    IANS India Private Limited

  • After cheating on my wife and having twins out of wedlock, I face child support and alimony

    This husband wonders how his infidelity will be treated in divorce court.

    MarketWatch q

  • Gauri Khan to design interiors for a real estate brand

    Mumbai, Nov 26 (IANS) Gauri Khan, entrepreneur and wife of Bollywood superstar Shah Rukh Khan, has been signed on to be the brand ambassador for real estate luxury conglomerate, Ace Group. The brand will also showcase their collaboration through a commemorative book on contemporary living and design with a visual narrative by Gauri, that will be launched at the end of this month in London, read a statement.

    IANS India Private Limited

  • Vicky Kaushal to play Ranbir Kapoor’s best friend in the Sanjay Dutt’s biopic

    In a short span of time, Vicky Kaushal has made a name for himself in Bollywood. Readers may remember him as the ‘substance sniffing cop’ in his last film Raman Raghav 2.0. The latest update on this fast emerging hero is that, he has now been signed up by Rajkumar Hirani for the untitled biopic on Sanjay Dutt. As per the reports, Vicky Kaushal has been signed up to play Sanjay Dutt’s (played by Ranbir Kapoor) best friend who stands by him through the thick and thin of his life. Reports also state that Vicky Kaushal has already met Sanjay Dutt and Ranbir Kapoor as a part of his role’s preparations. Watch this space for developments.

    Bollywood Hungama q

  • World Anti-Obesity Day: Seven things which will keep you 'flab' free

    New Delhi [India], Nov.26 (ANI): According to World Health Organisation, worldwide obesity has more than doubled since 1980. Most of the world's population lives in countries where overweight and obesity kills more people than underweight. Obesity is preventable.

    ANI