The big news: Centre announces major changes in FDI policy, and nine other top stories
You can now close your PPF account early to pay for education or medical emergencies, and China snubbed India on its NSG bid once again.
A look at the headlines right now:
- Centre makes major FDI policy changes, allows 100% investment in civil aviation and pharma: The government also eased local sourcing norms that were stopping tech giant Apple from setting up manufacturing units in India.
- You can withdraw your PPF early to pay for education, medical emergencies, says Centre: According to a Finance Ministry notification, the accounts can be closed for these purposes if they have completed five financial years.
- China says India's membership to NSG won't be discussed during the upcoming meet in Seoul: The country said there were reservations as India was not a signatory to the Nuclear Proliferation Treaty.
- VVIP chopper scam: ED freezes shares worth Rs 86 crore after seizing documents from 10 companies: The search was conducted under provisions of the Prevention of Money Launder Act.
- India level Twenty20 series with resounding 10-wicket win over Zimbabwe: Barinder Sran and Jasprit Bumrah were the bowling spearheads as India restricted Zimbabwe to 99/9.
- Mahesh Girri continues hunger strike over civic worker's murder, Arvind Kejriwal wants him arrested: He said he will only end his protest if Kejriwal apologises for accusing him of playing a role in MM Khan's murder.
- We can never abandon inflation to focus on growth, says Raghuram Rajan: At an event in Mumbai, the RBI governor did not mention the buzz around his decision to not return for a second term, but praised the current monetary policy.
- Kairana's migration issue is a law and order problem, not communal, says Union Minister Sanjeev Balyan: The BJP MP from Muzaffarnagar says that both Hindu and Muslims families have left the Uttar Pradesh town.
- India will grow at 7.6% in 2016-17, predicts World Bank in latest analysis of country's economy: The international agency's bi-annual India Development Update had optimistic predictions despite the drought and turbulent global markets.
- Sussanne Khan says allegations are false after Goa Police book her in real estate case: Emgee Properties said that she had posed as an architect to win a contract with the company.