33 MLAs of People's Party of Arunachal join BJP

Politics turned a full circle in Arunachal Pradesh on Saturday when 33 of the 43 People's Party of Arunachal (PPA) MLAs joined the saffron party in Itanagar. PPA is left with only 10 MLAs in the 60-member house.

Cash withdrawal limit from ATMs increased to Rs 4,500 per day from January 1

The RBI has decided to increase the cash withdrawal limit from ATMs to Rs 4,500 per day from the present Rs 2,500 with effect from January 1.

However, there is no change in the weekly withdrawal limits, which stays at Rs 24,000.

"On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing Rs 2500/- to Rs 4500/- per day per card. There is no change in weekly withdrawal limits. Such disbursals should predominantly be in the denomination of Rs 500," said RBI in a statement.

Earlier today, Finance Minister Arun Jaitley had said that RBI has enough currency and situation of cash supply has improved significantly.

Friday was the last day of the 50-day window to deposit demonetised notes in banks.

Long queues were seen at bank branches and ATMs.

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.

Glow missing from face of BJP leaders as BSP will win: Mayawati

Stung by BJP's claim that the note boycott has hit her hard, BSP supremo Mayawati Sunday said it is the BJP pioneers who have lost the gleam on their appearances as they realize that they should pay the cost in up and coming UP Assembly surveys for the hardships being confronted by the general population. "Do I hope to have lost shine all over… It is BJP pioneers Narendra Modi, Amit Shah and their focal pastors who have lost sparkle on their confronts," Mayawati told newspersons here. Calling demonetisation a "silly" choice, she said, "Individuals everywhere throughout the nation are running from column to post and confronting huge hardships on account of this youthful and rushed stride."

"Have you not seen the characteristics of Narendra Modi and Amit Shah wherever they go… neither mine nor the substance of any BSP specialist has lost any gleam as we probably am aware BSP is coming to control in UP," she said.

Mayawati was gotten some information about BJP boss' late comment that she has lost shine all over and looked ten years more established after demonetisation. Shah had said in Shahjahanpur that both Mayawati and Mamata Banerji have begun looking 10 years more seasoned in a day on account of demonetisation.

"I have been through the unpleasant and tumble of governmental issues, have you ever observed me losing my gleam.

"I am extremely cheerful they have taken this silly choice of note boycott… our gathering is not for corrupion or dark cash and this choice is not to check defilement or dark cash but rather to occupy consideration from their unfulfilled guarantees taken in a rush," she said.

"This choice will cost the BJP dear thus I need to state that sparkle is lost on the characteristics of BJP and organization … in our gathering even the littlest specialist's face is gleaming as they realize that we are coming to power," she said.

To another question, she said it is to be seen at which position BJP remains in the coming surveys.