A look at the headlines in this sector right now

  1. Rs 1,000 notes will not be reintroduced as of now, says Arun Jaitley: The finance minister also said as many as 22,500 out of the two lakh ATMs across the country will be recalibrated on Thursday.
  2. Microsoft joins Linux Foundation, which promotes open-source technology: The Windows developer’s platinum membership comes as a surprise as loyalists for both companies are bitter rivals.
  3. Nasscom cuts growth rate of India’s IT services sector to 8%-10%: The US presidential elections and Brexit were among the factors behind the lowering the projection for this financial year from 10%-12%.
  4. Australia makes it harder for work visa holders to find new jobs, Indians will be affected the most: Workers will now have just 60 days to look for employment after leaving a company, as against the 90 days they had before.
  5. Over-the-counter currency exchange will be limited to Rs 2,000 from Friday: Economic Affairs Secretary Shaktikanta Das announced that farmers can withdraw Rs 25,000 and traders can take Rs 50,000 a week from their accounts.
  6. After demonetisation, Ola Credit allows users to book cab now and pay within a week: The option – available only to select customers – was introduced to help people ‘conserve cash’, following the government’s demonetisation move.
  7. Drug pricing authority was not consulted on the proposal to dismantle it, says chairman: Bhupender Singh said the National Pharmaceutical Pricing Agency was not at the two meetings held to discuss the matter.