A look at the headlines right now:

  1. Scrapped Rs 500 and Rs 1,000 notes can now be exchanged at RBI counters only: The limit for exchange has been capped at Rs 2,000.
  2. Nalanda University Chancellor George Yeo resigns citing lack of autonomy: He said that he was not consulted about the administration’s decision to dissolve the former Governing Board and form a new one.
  3. Proceedings stalled as Opposition demands PM’s apology for black money remark: Leaders said Narendra Modi had made serious allegations when he said that the critics of demonetisation were favouring such illegal practices.
  4. Army jawan, two militants killed in encounter in Jammu and Kashmir’s Bandipora: Investigators found two weapons and a grenade launcher from the militants.
  5. Demonetisation critics unhappy because they did not get time to prepare, says Narendra Modi: The prime minister’s comments come a day after Manmohan Singh called the move a ‘monumental management failure’.
  6. Veteran journalist Dileep Padgaonkar dies at 72: He began his career in journalism at the age of 24 as the Paris correspondent of The Times of India.
  7. Sensex rises by 331 points, Nifty by 118 as IT stocks rally because of fall in rupee: A rise in Asian markets also contributed to the positive investor sentiment.
  8. 10-month-old baby brutally assaulted on first day at playschool in Navi Mumbai: The infant was reportedly kicked, hit and banged on the floor by the caretaker.
  9. Extramarital affair an illegal or immoral act, but not a criminal offence, says Supreme Court: The bench said a man cannot be accused of abetting suicide if his wife takes the extreme step after knowing about the relationship.
  10. Impact of cash crunch will be negative on GDP, says Fitch Ratings: Demonetisation was a one-off event which would not generate a significant shift in economic activity from the informal to the formal sector, the agency said.