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The crackdown on black money and its impact

The crackdown on black money and its impact

The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India, say Saurabh Mukherjea and Ritika Mankar-Mukherjee.     When the black economy of a country is equal to around a fifth of its gross domestic product (GDP), the matter requires serious debate and unpopular methods to tackle it. The National Democratic Alliance (NDA) government has clearly shown that it has the resolve to push through tough measures aimed at ..., 18 minutes ago

UK wont initiate exit talks with EU right now: Cameron

British Prime Minister David Cameron has said that the United Kingdom will not trigger formal exit talks with the European Union at this stage.He said the referendum result is not the outcome I think is best for Britain but says the result must be respected and implemented in the best possible way.The Conservative Party leader said there will be no immediate changes for EU citizens now living in the UK.He says an EU exit will be far from plain sailing for Britains economy, but adds that ...
 Rediff.com27 minutes ago UK 'should only trigger Article 50' to leave EU when ready  Rediff.com7 hours ago 'Cameron not expected to trigger Article 50 at EU summit'  Moneycontrol.com20 hours ago EU not expecting Britain to trigger Leave mechanism at summit  DNA India21 hours ago

Sensex may fall to 22,000 by FY17 end on Brexit

The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal, owing to adverse global developments following Britain's exit of European Union, says a report. According to financial services firm Ambit Capital, while the direct effects of Brexit on India appear "worrisome but manageable, it is the second round impacts that could affect India more profoundly." These include China seizing Brexit as an opportunity to decisively devalue its currency and Europe facing a ...
 Rediff.com34 minutes ago

'Where were your police officers': Court raps cops in Infosys employee's murder

The investigation into the murder of a 24-year-old woman IT professional in full public view at a railway station in Chennai was on Monday transferred to a special team of city police hours after the Madras high court warned of suo motu intervention if there was any slackness in the probe. The Tamil Nadu government made the submission about the transfer in the probe after a bench comprising Justice S Nagamuthu and Justice V Bharthidasan posed tough questions and summoned the public prosecutor ...
 Rediff.com39 minutes ago

Wimbledon: Djokovic makes solid start to title defence; Venus advances

IMAGE: Serbia's Novak Djokovic plays a backhand shot during his Wimbledon first round match against England's James Ward at the All England Lawn Tennis and Croquet Club in London on Monday. Photograph: Shaun Botterill/Getty Images It was not quite the triple bagel that Novak Djokovic was aiming for during the opening 41 minutes of his first-round match but the Serbian is unlikely to be too disappointed after he beat Britain's James Ward 6-0, 7-6(3), 6-4 at Wimbledon on Monday. The holder of ...
 Rediff.com41 minutes ago

Banking gets faster, easier and highly secure

From using Aadhaar cards for withdrawals to mobile-only solutions, new offerings by banks are changing the way you transact.     Download the wallet app, enter Aadhaar and Permanent Account Number for Know-your-Customer, visit a Café Coffee Day outlet for biometric verification and your bank account with Singapore-based DBS bank will be up and running. This mobile-based bank’s customer support uses artificial intelligence. A bot answers questions. About 90 per cent ...
 Rediff.com50 minutes ago

Chopper-size fan installed at Mumbai's CST

That's a fan installed at Mumbai's Chhatrapati Shivaji Terminus. The fan is the size of a helicopter. Photograph: Sahil
 Rediff.com50 minutes ago

India joins Missile Technology Control Regime as 35th member

India on Monday joined the Missile Technology Control Regime as a full member and said its entry would be mutually beneficial to enhance global non-proliferation norms. Marking India's first entry into any multilateral export control regime, Foreign Secretary S Jaishankar signed the instrument of accession to MTCR in the presence of France's Ambassador-designate Alexandre Ziegler, the Netherlands' Ambassador Alphonsus Stoelinga and Luxembourg's Chargé d'Affaires Laure Huberty. 'India has ...
 Rediff.com52 minutes ago 'Many countries' opposed entry of non-NPT states to NSG: China  Rediff.com5 hours ago India set to enter MTCR, NSG option open: MEA  The Statesman20 hours ago India irked by China stalling its nuclear group membership  Arabstoday.net21 hours ago

Cameron's successor as Britain's PM will be chosen by September 2

David Cameron's successor as Britain's prime minister will be appointed by September 2, it was revealed. The winner of the Conservative leadership contest will be announced on that date, with Cameron potentially handing over the keys to Downing Street the same day. The party's powerful 1922 committee has set out the timetable for the contest to succeed Cameron, who had previously suggested a successor should be in place by October.Nominations for leader will open on Wednesday, and ...
 Rediff.com1 hour ago PIMCO: Here's how the reaction to Brexit will unfold  Business Insider20 hours ago

Vikas Krishan feels he's good for bronze at Rio

IMAGE: Vikas Krishan, right, is 'better prepared and more confident' than he was at the London Olympics in 2012. Vikas Krishan, one of the three Indian boxers to qualify for the Rio Olympics, is confident of winning a bronze medal at the upcoming Games, which could be his last. The 24-year-old boxer from Haryana snatched an Olympic berth with a bronze medal finish in the 75kg category at the recently-concluded International Boxing Association's (AIBA) World Qualifying Tournament at Baku, ...
 Rediff.com1 hour ago
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