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Tue, 15 November 2016
Former mayor of NYC in the lead to be Trump's secretary of state

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23:22   Former mayor of NYC in the lead to be Trump's secretary of state
Former New York Mayor Rudy Giuliani is the leading candidate to be US President-elect Donald Trumps nominee for secretary of state, people familiar with the matter said, a move that would elevate a well-known national figure to become the USs chief diplomat.

Asked at The Wall Street Journal CEO Council meeting in Washington if his title would soon be Secretary, Giuliani responded, One never knows. 

For Trump, it is a choice between a longtime friend and ally in New York, Giuliani, and a hawkish conservative diplomat John Bolton.

Giuliani, 72, was one of Trumps most vocal and high-profile supporters on the campaign trail, introducing him frequently at rallies with slashing attacks against Democrat Hillary Clinton.

He was New Yorks mayor during the Sept. 11, 2001, attacks and led the city during the crisis after the destruction of the World Trade Center twin towers, working closely with then-President George W Bush.
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23:06   Ensure indelible ink for money deposit does not create problems for voters: EC to Centre
The Election Commission asked the government to keep in mind the election laws on use of indelible ink while applying the method to check the suspicious depositors.

In a letter to the finance ministry, the Election Commission said five states are going for bypoll on November 19 and the government should ensure that use of indelible ink on people depositing money in banks does not create problems for the voters in these states.

Earlier in the day, the government announced that it would apply indelible ink on people depositing and exchanging money at bank branches following the demonetisation of Rs 500 and Rs 1000 currency notes.

Sources said that the rules relating to indelible ink have been referred to the Finance Ministry to help it devise a strategy which keeps the interest of voters in mind.

As per the electoral law, indelible ink is applied on the left index finger of the voter to prevent impersonification. If the voter does not have an index finger it is applied on the other finger.

In case the voter does not have a left arm the same principle is applied on the right hand. If a voter does not have both the arms, then the indelible ink is applied on the toes. 
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22:55   Woman sues Zara after 'finding dead mouse sewn into her dress'
A New York woman has revealed her shock  after claiming to have found a mouse sewn into the lining of her new dress.

Cailey Fiesel, who lives in Manhattan, bought the black dress for $40 (32) from a Zara shop in Greenwich, Connecticut, in July.

A few weeks later, she was wearing it for the first time at work when she says she noticed a disturbingly pungent odour coming from it.

Despite getting up from her desk and walking around, she was unable to escape the odor, says her Manhattan Supreme Court lawsuit.

I felt something brushing up against my leg and thought it was a string from the seam of the dress, the 24-year-old talent agent told the New York Post.

"I then felt the hem of the dress and it felt like there was some sort of sensor.

I turned up the seam of the dress and saw it was not a sensor and that it was a mouse."

I froze - I was paralysed with fear, she added. I was in complete shock. My eyes saw that it was a mouse, but my brain told myself it cant be."
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22:23   JNU's missing student case likely to be raised during Parliament session
The case of missing JNU student Najeeb Ahmed is likely to be raised in Parliament by the Opposition, with senior Congress leader Ghulam Nabi Azad saying that the matter was not just about a student, or a minority person, but about very humanity.

The Leader of the Opposition in Rajya Sabha said the issue was raised during one of the meetings held today ahead of the Winter Session of Parliament starting tomorrow.

"Three important meetings were held today, one was about our own party with Lok Sabha and Rajya Sabha leaders present, the other was of Congress and other like-minded parties and the third was the all-party meeting with government and the opposition.

"During the meeting, various issues were raised, from demonetisation to SIMI (activists encounter) case, OROP. And, the case of Najeeb also came up. The leaders want that Najeeb's case be discussed in Parliament," Azad said.
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22:10   Charlie Hebdo has responded to Donald Trump's election
controversial French satirical magazine, Charlie Hebdo weighed in on the Republicans victory, and the artists, as usual, pulled no punches. 

The cartoon reads: 'Obamaan ordinary citizen once again.'

It depicts a fearful Obama running away from two white police officers shooting. A burst of bullets surround him.

The white supremacist group, the Ku Klux Klan endorsed Trumps presidency, and racially motivated incidents in the US have increased since the election. 

It would appear that Charlie Hebdo's tongue-in-cheek criticism might hit rather uncomfortably close to home.
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22:02  
JUST IN: Earthquake measuring 5.0 hits Kabul, epicentre in Hindu Kush mountains, reports the Afghan media
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21:43   Babies die as ambulance, doctors refuse to accept old currency notes
The horror stories just keep coming.

With long queues in front of banks, and ATMs running dry, hundreds of people in the country have still not managed to exchange their old notes or withdraw money. The demonetisation process seems to have become a nightmare for some as several deaths were reported on Sunday.

According to a report in Huffington Post, an infant reportedly died in Noida's Kailash Hospital, reportedly owned by Union Health Minister Mahesh Sharma, after the hospital asked for an advance of Rs 10,000, but refused to accept old currency notes.

Catchnews reports that the child's father made the allegations while the minister denied them.

When HuffPost India reached out to the hospital, they dismissed the report as rumours started by "anti-social elements". 

In another case, a newborn died in Rajasthan's Pali district after the father failed to get an ambulance for the child after running around for four hours. The ambulances had refused to accept the now defunct Rs 500 and Rs 1000 notes.

The baby, who was born on Thursday, was asked by the doctors to be taken to Jodhpur after he developed breathing problems. But Jodhpur is 80 kms away form Pali.
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21:07   'Big black money players have been allowed to go scot free by PM'
Congress vice president Rahul Gandhi stepped up the ante against Prime Minister Narendra Modi and his government's decision to demonetise the Rs 500 and Rs 1000 notes. 

Briefing the media in Mumbai, he said, "Decision that was taken was not thought through, it was based on one person's thinking. The big black money players have been allowed to go scot free by PM. Mallya and Lalit Modi are sitting abroad." 

He also said that he could not see any big players standing in line outside banks and it was only the poor that were being inconvenienced by this move. 

The Congress VP added that couple of days back, PM was laughing in his speech, then next day he was crying. He should decide what he wants to do. 

Gandhi further said that economists with whom he had discussed the new move said that there was no economic rational behind this decision. 
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20:21  
JUST IN: Petrol prices cut by Rs 1.46 a litre, diesel by Rs 1.53 per litre with effect from midnight tonight
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20:08   Govt puts off raising ATM withdrawal limit to Rs 4,000/day
The government has decided not to increase the ATM withdrawal limit to Rs 4,000 a day by this weekend as majority of the ATMs are yet to be recalibrated for dispensing new Rs 500 and Rs 2,000 notes.
     
ATM withdrawal limit from savings bank accounts will continue at Rs 2,500 a day for the time being. The limit set after Prime Minister Narendra Modi on Sunday night reviewed the demonetisation of higher currency notes.
     
Cash withdrawal from current accounts, which have been in operation for at least three months, has also been restricted to Rs 50,000 in a week, a notification said.
     
After withdrawing 500 and 1,000 rupee notes - which make up for 86 per cent of the total currency in  circulation, the government had on November 8 set a cash withdrawal limit of Rs 2,000 per day from ATMs. This limit was to be raised to Rs 4,000 per day per card from November 19, 2016. The limit was hiked to Rs 2,500 yesterday.
     
Following this the November 14 notification, said "the words, letters and figures 'and the limit shall be raised to Rs 4,000 per day per card from November 19, 2016' shall be omitted".
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20:07   Zakir Naik's NGO banned for 5 years
The Cabinet has declared controversial preacher Zakir Naik's NGO, Islamic Research Foundation as 'unlawful' under Unlawful Activities (Prevention) Act and banned for five years.

Earlier, Naiks NGO was banned from receiving foreign funds directly and the Union home ministry asked the Reserve Bank of India to seek prior permission from it before releasing any money to the NGO.

Naik was accused of radicalising and attracting youths for terror acts.

Naik has come under the scanner of the security agencies after Bangladeshi newspaper Daily Star had reported that one of the attackers of the July 1 terror strike in Dhaka, Rohan Imtiaz, ran a propaganda on Facebook last year quoting Naik.

He, in a lecture aired on Peace TV, an international Islamic channel, had reportedly urged all Muslims to be terrorists.
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19:23  
Entry of trucks into the national capital to be allowed only after midnight till January 31 in the wake of rising air pollution, Delhi LG orders.
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19:17   All-party meet ends; Govt ready to debate all issues in Parl
The government is ready for discussion on all issues in Parliament, said Union minister Ananth Kumar after the all party meeting ahead of winter session of Parliament.

"Prime Minister Narendra Modi has urged all parties to cooperate inside as well as outside Parliament on issues of black money and corruption, said Kumar.

Kumar also said, "PM says Parliament should discuss election funding and simultaneous polls." 

"PM says let a signal go from Parliament's Winter Session that all parties can come on one page on issues of national interest," Kumar added.
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18:50   Union budget to be presented on Feb 1, confirms government
The Modi government has finally announced that it will present the Union budget on February 1. The budget session may start in January.   

The idea behind bringing forward the budget date, according to the government, is so that ministries and state governments can begin disbursing funds from the beginning of the financial year.   

At the moment, with the budget being presented at the end of February, several processes, including the vote on account, result in states being able to disburse funds only by late May.   

Advancing the Budget date will allow them to release funds by April.   

The government had already merged the railway budget with the general budget.
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18:08   Tamil Nadu: 4 arrested for distributing money, Rs 6.46 lakh seized
Four persons were arrested on charges of distributing money to voters in Thanjavur assembly constituency, which is going to polls on Saturday, and seized a total of Rs 6.46 lakh from them today, police said. 

On a tip off that some persons were distributing money to voters, police rushed to Keezha Vasal area coming under the Thanjavur assembly constituency. 

On seeing the police, they tried to flee the area after dropping the currency notes worth Rs 1.80 lakh on the road. However, two persons belonging to DMK were arrested and the money was seized. 

Police also seized Rs 1.26 lakh in their possession. Two AIADMK workers were also arrested from Nanjikottai area for distributing money to voters and seized Rs 3.40 lakh from them. 

Police said a total of Rs 6.46 lakh was seized and arrested four persons in the two separate incidents. 

Polls to Thanjavur assembly constituency, along with Aravakkurichi, were cancelled at the time of the May 16 elections by the Election Commission following allegations of distribution of money and gifts among the voters by political parties. 

The polls would be held on November 19.
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17:43  
Retail inflation eases further to 4.20 per cent in October as against 4.31 per cent in September.
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17:13  
And another picture of the cakes/brownies packed and ready to be dispatched.


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17:12   Let them eat cake
As stories of tired, hungry people waiting endlessly in queues outside ATMs and banks hog all the headlines across India, a small bakery in Mumbai, decided to do something about it.

Le 15 Patisserie tweeted this morning saying, @le15patisserie Kya aap kataar mein hai? Tweet us your ATM location, we might have cake for you!.

They then followed it up with pictures of their staff doling out individually packed chocolate brownies to people in the queue. Free.

Sure, they get publicity and may be customers (at some time in the distant future when Indians can withdraw money from their own bank account without skipping meals or waking up at 3 am.

A little something from an absolute stranger makes the wait a little better.

For those who want to dig into their macaroons and cakes, head to the Taj hotel at Colaba.

Mumbai's Marie Antoinette moment.
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16:53   Demonetisation: Deadline for paying SSC, HSC exam fees extended in Maharashtra
Due to the severe cash crunch being faced owing to the shortage of lower denomination notes following the demonetisation, the Maharashtra state education minister Vinod Tawde announced that the deadline for payment of Secondary School Certificate (SSC), Higher Secondary Certificate (HSC) exam fees has been extended.


In an official press statement, Tawde said that there are 22 lakh candidates for SSC, HSC and they are facing problem in paying fees while filling exam forms.


Stating that he had received several complaints from students, their parents, teachers and even schools managements regarding this situation, he said that it has been decided to allow students to fill forms now and pay fees later.


"No student will have to miss board exams because they did not have change to pay towards exam fees. Students will get time till February to pay the fees," said Tawde.


Approximately 17 lakh students are set to appear for SSC exams while 14 lakh candidates will appear for HSC exams. Of these, most students of HSC have already filled exam forms and paid fees as the due date is coming to an end.
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16:48  
JDU leader Sharad Yadav says all opposition parties to meet again tomorrow to chalk out further strategy on demonetisation. The issue of demonetization will be raised in both houses tomorrow.
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16:30  
Omar Abdullah @abdullah_omar on PM Modi's mother exchanging currency notes at a bank in Gandhinagar: That's very humble of her. That having been said will the people who accused @OfficeOfRG of staging a PR event care to share views now???
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15:51   I would stand in the queue myself, not send my mother, says Kejriwal
Delhi CM Arvind Kejriwal slams PM Modi after pictures of his mother Heeraben exchanging old notes for new at a bank went viral.


Kejriwal tweeted, "Modiji has not done the right thing by making his mother queue up just to play politics. If one has to queue up I would queue up myself, not make my mother stand in a queue."

Prime Minister Narendra Modis mother Heeraben Modi visited a bank in Gujarat capital Gandhinahgar on Tuesday to exchange currency.

Nonagenarian Heeraben Modi, who had to use the help of a wheel chair and other people to reach the bank, exchanged Rs 4,500 in currency after filling the required forms.

Her decision to go to the bank to exchange her currency gives the government, run by her son, the much needed support and encouragement in the face of strident objections from some opposition parties such as the Congress, the Samajwadi Party, The Bahujan Samaj Party, the Communist Party of India-Marxist and the Trinamool Congress.

It came on the day the Supreme Court is hearing several petitions challenging the governments decision to scrap Rs 500 and Rs 1,000 currency notes.

Four public interest litigations have been filed against the controversial scheme, which has caused massive upheavals across the nation.
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15:28   Dear Ram Madhav-ji, here's why it's difficult to remain patriotic
With reports of 25 deaths in the aftermath of demonetisation and the poor, marginalised millions barely able to meet basic necessities, BJP spokesperson Ram Madhav rubbished claims of hardship saying the patience of people queueing up outside ATMs and banks is a test of their patriotism.


Senior journalist and former colleague Ivan Crasto, not known to be unpatriotic, spent close to three-hours at the IC Colony branch of HDFC Bank in Mumbai for a demand draft.

The bank has run out of DD forms.

"It's my money and I can't use it," Ivan seethes.

 
When asked if he could come tomorrow, the bank officials told him, they were not sure if the forms would be available then.


A day before PM Modi dropped the demonitisation bomb on November 9, Ivan had withdrawn around Rs 50,000 -- the approximate fees for seven visas to Australia. "My tickets are booked for December 15 and I have to pay the fees to get the visa processing going," he says.

There are as many stories of Indians like Ivan -- upset, harassed, and frustrated -- who only ask for banking systems to function before their patriotism is called into question.   
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15:07   Maha panel to tackle demonetisation fallout
The Maharashtra government will set up a Cabinet sub-committee to recommend measures to avoid inconvenience to people due to demonetisation. The decision was taken at the weekly cabinet meeting chaired by Chief Minister Devendra Fadnavis today. The sub-committee will take stock of the steps taken so far by the state and also recommend measures to ease inconvenience to the people.
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14:24   The 3am men
At 3 am on Tuesday, Hareshwar Tandel woke up. Never in his life, he tells me, had he bathed so early, but he wanted to reach the bank early this morning.


"I reached the Bank of Maharashtra at 4.30 am, the first person in the queue. I drank three cups of tea by 8 am," he adds. "I have to go to work at 10 am."."I need money because there is a wedding in my sister's home, and I have to give her Rs 10,000," he says."For my son's wedding my sister had given me a Rs 50,000 loan and I have to return her money now. The marriage is on Saturday, November 19," Tandel adds. He had tried to withdraw money on Saturday, but failed to do so.


Syed Firdaus Ashraf/Rediff.com meets the 1st person in the queue at a few ATMs in Mumbai.  Read
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14:14   Federal Bank dispenses Rs 2,000 note through recalibrated ATMs
Kerala-based Federal Bank today claimed that it was one of the earliest in the country to dispense Rs 2,000 notes through its re-calibrated ATMs.
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14:05   Demonetisation: Common man should not suffer, SC says
The Supreme Court refuses to stay the Centre's notification demonetising Rs 500 and Rs 1,000 currency notes. The SC asks the Centre to file an affidavit giving details of steps taken to ease inconvenience faced by citizens. The court agrees with the Attorney General's contention that there will be "some collateral damage in a surgical strike against blackmoney". The SC without issuing notice to govt, posts the matter for further hearing on November 25.

As India deals with a massive cash crunch, indelible ink will be used at banks to mark those who have withdrawn new notes to ensure that people are not drawing more than their fair share, said Finance Ministry officials today.
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13:55   SC: Common man should not suffer
-- Ratan Tata, who is in the midst of a bitter corporate boardroom battle with Cyrus Mistry meets Finance Minister Arun Jaitley.


-- Supreme court seeks Centre's affidavit on the issue on a PIL filed by various petitioners challenging the government's s demonetisation decision.


-- The SC refuses to stay the Centre's notification demonetising Rs 500 and Rs 1000 currency notes.  SC asks the Centre to file an affidavit giving details of steps taken to ease inconvenience faced by citizens.


-- The SC says the common man should not suffer.
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13:40   'Israel is ready to make in India and make with India'
PM Narendra Modi begins joint press statement with Israeli president  Reuven Rivlin. Excerpts...

"Excellency, your visit will provide crucial push to build new pillars in our partnership. The 2000-year old Jewish community in India represents a thriving link to this past, a vital part of our composite cultural mosaic.  Your visit provides an opportunity to break new ground and shape new contours of our partnership. We are committed to advance our engagement on several fronts," says PM Modi during the joint statement.


Israel President Reuven Rivlin:

-- Failure to act encourages terrorism.

-- Israeli companies can tie up with Indian flagship programmes like Make in India. 

-- Israel is ready to make in India and make with India.

--  Israel and India are threatened by terror because we uphold the values of freedom.
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13:34  
Sheila Dikshit's son-in-law sent to 2-day police custody by Delhi court in case of theft and misappropriation of wife's property.
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13:32   Cong sharpens claws ahead of winter session of Parliament
Congress today discussed its strategy for winter session of Parliament starting tomorrow, where it is likely to forcefully take on the government on implementation of demonetisation and other issues.


The Congress leaders met ahead of an all-party meeting called by the government and another of opposition. Sources said during the meeting chaired by the Congress president Sonia Gandhi, top party leaders were of the view that implementation of demonetisation move along with its alleged leakage to BJP should be questioned in both houses of Parliament.


Congress leaders had yesterday alleged that prior information of demonetisation was given by the Prime Minister to his own party leaders and termed it as a "scam". Congress is seeking to corner the government on this issue and is trying to bring all opposition parties together. A meeting of many opposition parties with Congress leaders is slated today.
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13:18   Indelible ink to prevent repeated note exchanges, announces govt
Economic Affairs Secretary Shaktikanta Das briefs the media, and here's a very significant update on the demonetisation story.


The government has announced that indelible ink, which is used to mark voters, will be used at banks to mark those who have withdrawn new notes to ensure that people are not drawing more than their fair share, Finance Ministry officials today.


The same tactic is used to prevent multiple voting in elections. An ink stamp will be used after a person has exchanged Rs. 4,500 worth of old notes for new ones, the weekly limit set for now.


Das said the government has been trying to analyse reasons for long queues and it has been observed that the same people are coming again at the same places. The same reason is observed at ATMs that the long queues is because the same people keep coming again and again at different places, Das said.

"We have received reports that many people are trying to convert black money into white. To solve this problem we have decided to use indelible ink marks, similar to elections, on cash counters," he announced.

To ease pressure on banks,a task force has been set up to look after shifting and storing of old notes. A Special Task Force has also been set up to monitor infusion of fake currency especially in the vulnerable areas.

"We have enough stock of salts; no reason for temporary surge in price or shortage; supply of essential commodities being closely monitored, unscrupulous elements had spread rumours.

"False stories are being spread on social media such as institutions going on strike. On zooming the picture we found it was from 2015.  Lot of stories in social media; reports of certain institutions going on strike; there is no such thing; please don't believe them."

No reason to panic, enough supply of cash in the banks.

There is enough stock of notes available in system, no reason to panic. Govt constantly monitoring situation.

If you give us specific instances of which govt hospitals and pharmacies are not accepting old currency, action will be initiated.

-- as reported by ANI
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12:52  
JUST IN: Religious places receiving donations in smaller denominations are being urged to immediately deposit the same in banks to increase currency. PTI
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12:08   PM's mother walks to bank to exchange currency notes
In Gandhinagar, Ahmedabad, PM Narendra Modi's mother Hiraba walks to the bank to exchange her currency notes. Heeraben Modi who was assisted by family members was taken to the bank in a wheelchair but was not given any preferential treatment. She had a few Rs 500 notes which she exchanged at the bank counter. Old Rs 500 and Rs 1000 notes can be exchanged till December 30.


Thousands of people lined up outside banks and ATMs across India on Tuesday, a day after a bank holiday left people stranded with no way to access cash or exchange money.

The queues in front of ATMs were longer as people feared the machines will run out of money soon, a week after Prime Minister Narendra Modi announced the scrapping of Rs 1000 and Rs 500 notes to drain illegal cash from the economy.
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11:56   Veggies by card, queues at ATMs, 25 deaths as India struggles to cope
Prime Minister Narendra Modi has said that it will take another 50 days for normalization of currency usage in the country. As the government refused to consider a rollback, another report says currency normalisation may in fact take four months, and not 50 days as the government claims. So far, 25 deaths have been attributed to demonetisation.


As hard cash becomes scarce more people have resorted to plastic money. This has put enormous pressure on the payments' ecosystem which was seamlessly handling only a fraction of the crowd than what it is handling now.


Bankers say work on recalibration of ATMs for new currency notes had begun, but it would take more than a week to cover a substantial part of the network. Cash management companies reported filling up ATMs had been affected because bank staff were under pressure at branches.


An Economic Times report says traders in Delhi are contemplating shuttering their operations in a few days if there is no respite from the cash crunch, which has triggered a payment crisis and sparked heated arguments between farmers, who are offering perishables at half to one-third the price that prevailed last week, and traders, who don't have legal cash to pay.


Cash-strapped people started making beelines outside ATMs from early morning but with limited success as most of cash vending machines are running dry. Scuffles and heated exchanges were reported from ATMs and banks from many parts of the city, as patience of harried citizens wore thin.


Image: A Facebook post by Prasanna D Mudubage shows a vegetable vendor willing to accept debit or credit card payments. The authenticity of the picture has not been verified.
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11:29   Trump committed to NATO alliance: Obama
Donald Trump is committed to maintaining America's core strategic relationships, including NATO, outgoing President Barack Obama said today as he embarked on his last foreign trip while in office to reassure concerned allies after his successor's election.


"In my conversation with the President-elect, he expressed a great interest in maintaining our core strategic relationships. And so one of the messages I will be able to deliver is his commitment to NATO and the Transatlantic Alliance," Obama told White House reporters here before leaving on a week-long three-nation trip.


"I think that's one of the most important functions I can serve at this stage, during this trip, is to let them know that there is no weakening of resolve when it comes to America's commitment to maintaining a strong and robust NATO relationship, and a recognition that those alliances aren't just good for Europe, they're good for the United States, and they're vital for the world," he said.


Obama would be travelling to Greece, Germany and Peru. "I look forward to my first visit in Greece. And then, in Germany, I'll visit with Chancellor Merkel, who's probably been my closest international partner these past eight years. I'll also signal our solidarity with our closest allies, and express our support for a strong, integrated, and united Europe," Obama said.
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11:10   Trump may announce Cabinet appointments this week
US President-elect Donald Trump is in the final stages of giving shape to his Cabinet and announcements in this regard could be made anytime this week, his aides indicated today.


The vice president-elect Mike Pence, who also heads presidential transition team, is arriving in New York today to hold meetings with Trump. "They'll be reviewing a number of names," Jason Miller, a transition communication advisor said.


"If the Vice President-elect is getting together with the President-elect to discuss names, then I would say that it's serious, obviously," Miller said.


Meanwhile, the American media was abuzz with speculations on potential Cabinet picks of Trump. The former New York Mayor Rudy Giuliani along with the former US Ambassador to the UN John Bolton was speculated to be in the race for being the Secretary of State. Other potential Cabinet picks being talked about are Senator Jeff Sessions, Senator Bob Corker and Newt Gingrich, the former Speaker to the US House of Representative.
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11:05   Obama says Trump soon to face sobering reality check
President Barack Obama cautioned against dire predictions for Donald Trump's presidency Monday, saying his Republican successor faces a reality check if he tries to enact his most controversial campaign promises.


The outgoing Democratic leader made his comments at a wide-ranging news conference before he embarks on a farewell visit to Europe to reassure worried allies about a man he once warned was "unfit" to lead the United States.


Trump's election win last week over Hillary Clinton has been met with euphoria among his supporters, but also with a wave of protests across the nation that are unusual for the world's leading democracy.
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10:47   Sensex tanks 344 pts on capital outflows, weak rupee
The benchmark BSE Sensex crashed by over 344 points and the NSE Nifty dipped below 8,200-mark in early trade today as investors engaged in cutting down their bets amid rupee plunging by 42 paise. Moreoever, a mixed trend at other Asian markets too influenced the trading sentiment. The rupee dropped by 42 paise to trade at 67.67 against the US dollar in early trade today at the forex market.
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10:37   'Trump, Putin agree to work together to mend ties'
US President-elect Donald Trump and Russian President Vladimir Putin today spoke over phone for the first time and agreed on the need for jointly working to normalise "extremely unsatisfactory state" of ties between the two nations.


Putin "called to offer his congratulations on winning a historic election," according to a Trump statement. The two leaders discussed issues including shared threats, strategic economic issues and the historical US-Russia relationship.


The Russian President was one of the first world leaders to congratulate Trump last Wednesday, sending him a telegram about an hour after he had emerged the victor, but the two have not met nor had they spoken previously.
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10:35   The amazing Michelle Obama reflects on an election: We are all on one team
First lady Michelle Obama reflected Monday on the election results, declaring that regardless of politics Americans are "all on one team."


"I just want to take a moment to echo what my husband said last week about the results of our election," the first lady said during a speech on ending veteran homelessness in the East Room of the White House. "He said that we are all on one team -- not Democrats first or Republicans first, but we are Americans first. We're patriots first. "The first lady was hosting community leaders at the White House to discuss the issue of veteran homelessness as part of her "Joining Forces" Initiative," which she created in 2011 with Jill Biden to encourage nationwide support for service members, veterans and their families."I see people here who I imagine belong to all different parties, maybe no party at all. And when it comes to supporting our American heroes, none of that matters, because this is something that we can all agree on. Am I right?" the first lady asked the audience.The popular first lady was described by Democrats as Hillary Clinton's "not so secret weapon" on the campaign trail and held nine rallies for Clinton, with three stops in both Pennsylvania and North Carolina."Our love, our gratitude, our admiration for our men and women in uniform, our veterans and their families -- all of that is bigger than any one party or any one election," she said Monday. "And we need to continue coming together to do this vitally important work at every level of government -- from our cities and towns all the way up to right here in the White House. "
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10:19   Ram Madhav tweets 'test of patriotism' as harassed India queues up at ATMs
Overnight queues outside ATMs and banks have not eased a week after the government's 'surgical strike' on black money with the abolition of Rs 500 and Rs 1,000 notes. As reports of severe hardship and even death surface, senior BJP leader Ram Madhav reminded people about "patriotism" in difficult times.

"Test of patriotism is in difficult times only. We see it abundantly these days. Otherwise everyone is an armchair-patriot in normal times," Madhav tweeted.

In several public meetings since weekend, Prime Minister Narendra Modi has appealed to citizens to bear with him for "50 days".

"I am aware you are facing difficulties... I understand the inconvenience," he said in Uttar Pradesh on Monday.

"I am really pained by the inconvenience and that is why I am working tirelessly to help people overcome this situation."

A united opposition preps to target the government in parliament over what it calls the immense hardship for the common man, PM Modi told his party lawmakers at a strategy meeting in parliament that the country supports the move and the government need not be defensive.

While announcing the ban on the highest currency notes last Tuesday, the prime minister said tough measures were needed to bring undeclared wealth into the mainstream economy.

The government has announced measures to ease the crunch.

The weekly withdrawal limit from banks has been raised from Rs. 20,000 to 24,000. A network of banking agents, who travel to rural areas to provide people with access to banking services, will carry more cash.

The use of old notes has been extended till November 24 at government hospitals, private clinics, petrol stations and essential services.

The banned notes can be exchanged for new ones or deposited in a bank account until December 30.
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10:06   A 6-year-old can breach it, says hacker who broke into Indian consulate website
The website and database of India's consulate in New York have allegedly been hacked by the same hacker who dumped data from seven Indian missions in Europe and Africa online last week.The hacker, who goes by the name Kapustkiy on Twitter, claimed responsibility for hacking the Indian consulate's website on Monday. Read more
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10:03   Kejriwal, Mamata opposing for the sake of opposing demonetitsation: BJP
Lambasting Delhi Chief Minister Arvind Kejriwal and West Bengal Chief Minister Mamata Banerjee for opposing the Centre's move to demonetise Rs. 500 and 1000 currency notes, the Bharatiya Janata Party (BJP) has said the opposition has no concrete issues to raise or discuss, and therefore, is opposing for the sake of it.


"The opposition is opposing for the heck of opposing and i think their insecurity is very apparent because on the one hand, doing away with black money also means coming up with cleaner electoral processes. Those who are shying away from being honest are the only people who seem to have this discomfort, whether it's Arvind Kejriwal or Mamata Banerjee," BJP leader Shaina NC told ANI.She asked the chief ministers' to rise above of their personal agenda and think of national interest first.


Earlier, Kejriwal lashed out at Prime Minister Modi for cancelling the legal tender of Rs. 500 and Rs.1000 and asked the latter to roll back the move as this has caused great hardships to the common people.Mamata Banerjee on the other hand had dubbed the move "dangerous, disastrous, and draconian.

"Banerjee also said that the "anti-people, anti-poor government" at the Centre has no moral right to continue in power
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09:57   Rs 20, Rs 50 notes in ATMs soon, assures SBI chief
Assuring that the panic among masses is on the decline following the more constant flow of cash at banks and ATMs, State Bank of India chairperson Arundhati Bhattacharya stated that the bank will also start dispensing 50 and 20 Rupee notes in coming days to help the public.


Speaking to ANI, the SBI Chief stated that in all of their branches in the southern states, the workload has dropped to almost 50 per cent, which is a sure sign that people are assured that they will receive the money at their own convenience.


However, talking about the inconvenience caused to the masses with ATMs running out of cash soon, Bhattacharya added that ATMs are emptying out fast because it has a fixed space for notes of 100 and also the dimension of the new notes has changed, adding that the holding capacity in the ATM is confined.


"But what takes most time is manual recalibration. A person has to come and physically add the money when it runs out. We hope and are trying that we can sort of this problem by end of November. And if the chaos subsides by then, then we will also start dispensing 50 and 20 rupee notes in coming days," she said.


Meanwhile, the government has set up a special task force headed by Deputy Governor of RBI to expedite the process of re-calibrating the ATMs to make them fully functional, which will work with different banks in this direction.
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09:34   Nothing comes from nothing...
There is an elementary piece of economic truth that remains unshaken since time immemorial. Put simply, it runs: "Nothing comes from nothing." Or, using economic jargon, there is a price to be paid to ensure any outcome that generates comfort. At the level of the individual, a decent dinner calls for a payment. At the level of society, weeding out black money from the system calls for hardships as well. To be borne by millions of innocent common men and women queueing up in front of ATM kiosks to withdraw measly sums of cash to try and satisfy their demand for daily essentials. According to reports, the hardship has been somewhat extreme, for one person at least is said to have collapsed as he waited for his Rs 2,000. And died, as non-resident Indians sitting in Japan were clapping and giggling away in vulgar merriment that the motherland they never intend to return to was being cleansed.
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08:46   Banks reopen today; people wait overnight outside ATMs
Banks across the country will reopen after a day's off today, and people started to form queues outside their gates since early morning to get their old Rs 500 and Rs 1,000 notes exchanged.

Meanwhile, in the national capital, people in large numbers were seen waiting outside ATMs in the early morning hours. Many have been waiting since last night.

"I have to pay different people for wedding urgently. I am here in the queue while two of my brothers have lined up outside two different banks," said Sunil, who was waiting outside an ATM in Delhi's Bhajanpura are since last night.

"It's been three days. I come daily and return empty-handed. I've come with a hope today that I get money," said Mayadevi, who was also in the queue.

While some say they will come again tomorrow if they don't get money, some run out of patience soon.

"Modi ji says the poor are sleeping peacefully and the rich are taking sleeping pills, but look at us. The rich are in peace. They can simply throw money," said Bablu who joined the queue in the wee hours of Tuesday. -- ANI
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00:31   Racist post about Michelle Obama causes backlash
The director of a West Virginia development group and a mayor are under scrutiny after a racist post about US First Lady Michelle Obama caused a backlash and prompted calls on social media for both women to be fired.

Clay County Development Corporation director Pamela Ramsey Taylor made the post following Donald Trumps election as president.

Her post said: It will be refreshing to have a classy, beautiful, dignified First Lady in the White House. Im tired of seeing a Ape in heels.

Clay Mayor Beverly Whaling responded: Just made my day Pam.

The post, first reported by WSAZ-TV, was later deleted. It was shared hundreds of times on social media.
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00:00   Hate crimes against Muslims up by 67 per cent in 2015
The number of hate crimes reported to police increased by about 6.7 per cent last year, led largely by a 67 per cent surge in crimes against Muslims, according to FBI statistics released today.

There have been reports of racist and anti-religious instances since Tuesday that have sparked outrage, including students at one school who chanted "white power" and a videotaped assault in Chicago that showed black men beating a white man as onlookers screamed, "You voted Trump!"

In 2015, there were 257 incidents of anti-Muslim bias compared to 184 incidents the prior year. The total is second only to the surge in hate crimes following the 9/11 terror attacks in 2001.

The increase could be due, in part, to increased reporting by victims as well as better reporting and tracking by law enforcement agencies, although the number of all law enforcement agencies sending their data to the FBI decreased about 3 per cent between 2014 and 2015.

Overall, the number of reported hate crimes increased from 5,479 in 2014 to 5,850 last year, and religious-based hate crimes increased by 23 per cent. Jews and Jewish institutions remain the most frequent target of
religious-based hate crimes, representing 53 per cent of all those reported. 

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