PM Modi likely to address nation on New Year eve

With the 50-day period for depositing of demonetised notes of Rs 500 and Rs 1,000 expiring on Friday, Prime Minister Narendra Modi is set to address the nation before the dawn of the New Year.

"Prime Minister Narendra Modi is likely to address the nation before dawn of the New Year," sources said.

The PM, announcing the demonetisation of Rs 500 and Rs 1,000 notes on November 8, had urged the nation to give him 50 days to get things back on track.


In his address, the Prime Minister may speak about the roadmap post the demonetisation period, especially on the steps likely to be taken to ease cash flow that has been a major problem ever since demonetisation took place.

He may also speak on the steps to deal with the problems the economy faces after the demonetisation was announced on November 8.

The Prime Minister in his public meetings in the last few weeks has been urging the people to bear with the pain following the government's decision and that it would start easing gradually once the 50-day period is over.

On Tuesday, Modi met economists and experts at a meeting in Niti Aayog to discuss the current economic situation.

Sunder Lal Patwa, former Madhya Pradesh Chief Minister, passes away

Former Madhya Pradesh CM Sunder Lal Patwa passes away at 92 after suffering a heart attack on Wednesday morning. Patwa was elected twice as Chief Minister of Madhya Pradesh, once a period of just two months, from January 20, 1980 to February 17, 1980, when he was a part of Janata Party and second time he came to power when he was with the Bharatiya Janta Party from March 5, 1990, to December 15, 1992.

Alibaba entertainment affiliate to invest over $7.2 billion over next three years

BEIJING Alibaba Digital Media and Entertainment Group, the stimulation associate of Alibaba Group Holding Ltd <BABA.N>, arrangements to contribute more than 50 billion yuan ($7.2 billion) throughout the following three years, the offshoot's CEO said. 

In an inner email seen by Reuters and affirmed by an Alibaba bunch representative, the partner's new CEO Yu Yongfu promised to put resources into substance, saying "he didn't come to play." 

Alibaba's stimulation business experienced a noteworthy rearrangement in October, denoting an aggregate solidification of the organization's media resources. 

In the meantime, Yu, previous CEO of Alibaba unit UCWeb Inc, turned into the administrator and CEO of the new operation. 

It was not quickly clear whether the 50 billion yuan figure incorporates a formerly revealed a 10 billion yuan support for new undertakings in the unit. 

The Alibaba assemble representative declined to give more particular points of interest on the member's speculations.

Ratan Tata meets Mohan Bhagwat at RSS Headquarters

Secured a sharp meeting room fight with expelled Tata gather director Cyrus Mistry, industrialist Ratan Tata went by the RSS base camp at Nagpur on Wednesday. Goodbye, right now the break director of the nation's greatest combination, was with RSS boss Mohan Bhagwat for around 20 minutes, a senior functionary of the Sangh, the ideological guide of the decision BJP, told PTI.
Prior toward the evening, Tata was gotten by RSS functionaries on his landing in the air terminal, he said. Goodbye initially went by the remembrance to RSS originator Keshav Baliram Hedgewar and offered his regards. From that point he headed to the RSS headquarter to meet Bhagwat.