The big news: RBI scraps Rs 5,000 limit for KYC-compliant accounts, and nine other top stories
In other headlines: I-T Department raided Tamil Nadu chief secretary's home, and Canada and US banned oil and gas drilling in the Atlantic and Arctic Oceans.
A look at the headlines right now:
- RBI withdraws provision allowing questioning of deposits above Rs 5,000 for KYC-compliant accounts: On Monday, the central bank had announced that old currency note deposits above Rs 5,000 would be restricted to once per account until December 30.
- I-T Department raids Tamil Nadu chief secretary’s Chennai home: P Rama Mohana Rao is believed to have close links with Shekhar Reddy, a businessman from whom officials seized money and jewellery earlier this month.
- US and Canada ban oil and gas drilling in Atlantic and Arctic oceans’ territorial waters: President-elect Donald Trump will have to contest the move in court if he opts to pursue his campaign promise to expand exploratory projects.
- Donations to national parties have reduced by 84% in 2015-2016, BJP got the bulk of them, says report: Contributions have reduced by Rs 528.67 crore since 2014-2015, the Association of Democratic Reforms said.
- Police to conduct lie detector tests on missing JNU student Najeeb Ahmad’s roommate: Five others, including four who are suspected of beating up the first-year student on October 15, will go through the test.
- 17-year-old girl in Delhi shot dead in car, accused and his family on the run: The murder weapon has been found, officials said.
- Hong Kong withdraws visa-free facility for Indian travellers: There are concerns that the move has been triggered by China.
- GJM chief Bimal Gurung and 17 others surrender before court in Madan Tamang murder case: All of them got bail after they each furnished Rs 10,000 bonds.
- Explosion at fireworks market leaves 29 dead, several injured in Mexico: The blast may have been caused because of insufficient security measures, the head of Tultepec emergency services Isidro Sanchez said.
- 21 students of government medical college in Kerala’s Manjeri suspended after ragging allegations: Over 40 first-year MBBS pupils alleged that they were stripped naked, compelled to clean toilets at the hostel and forced to drink contaminated water.