The big news: Manmohan Singh says demonetisation is 'legalised plunder', and nine other top stories
In other headlines, the rupee hit an all-time low against the dollar, and ex-Nagaland CM’s son-in-law was detained after missing Rs 3.5 crore was found on him.
A look at the headlines right now:
- Demonetisation is organised loot, could lower GDP by 2%, says Manmohan Singh: The former prime minister said that while he did not disagree with the objectives of the move, it was a monumental management failure.
- Rupee hits record low of 68.86 against the dollar: Experts worry that it could breach 70 over the next few weeks.
- Former Nagaland chief minister’s son-in-law detained after missing Rs 3.5 crore is found on him: The money, all in old Rs 500 and Rs 1,000 notes, had been handed over to Anato Zhimomi after he produced an I-T exemption certificate, officials said.
- 40 people killed in collapse at a power plant construction site in China: State news agency Xinhua said an unknown number of people were still trapped in the rubble.
- SC cancels bail for RJD legislator Raj Ballabh Yadav, who is accused of raping a minor in Bihar: During the hearing, Yadav’s counsel told the Supreme Court that the lawmaker would not stay in Bihar during the trials if his bail was confirmed.
- Coal Secretary Anil Swarup moved to School Education department in major bureaucratic reshuffle: Raghav Chandra was replaced as chairman of the NHAI by Yudhvir Singh Malik.
- Former Tata Group executives refute ousted chairman Cyrus Mistry’s claims: While FC Kohli said there was never any plan to sell TCS, B Muthuraman called Mistry’s comments about the Corus acquisition ‘speculative and biased’.
- Three Army personnel, nine civilians killed in firing by Indian Army, says Pakistan: The DGMOs of the two countries discussed cross-border firing and civilian and military casualties caused by it.
- Advertising veteran Anand Halve dies at 61: He had made ‘Sunday ho ya Monday, roz khao ande’ a household jingle.
- Tokyo wakes up to first November snow in 54 years: The unusual weather pattern was reportedly caused by a cold front over the city.