Skip to Content

Live Breaking News Headlines Update: GST and Demonetisation could transform economy, says RBI

by December 30, 2016 General
GST and Demonetisation could transform economy, says RBI. (Reuters) GST and Demonetisation could transform economy, said RBI. (Reuters)

06:00 PM: As President Pranab Mukherjee, today, accepting the resignation of Najeeb Jung, appointed Anil Baijal as the new Lieutenant Governor of Delhi, Baijal will be taking oath as the Lt gov of the national capital on December 31st.

05:50 PM: GST and Demonetisation could transform economy, notwithstanding some inconvenience to public and momentary adverse impact on growth, says RBI.

05:30 PM: A day after approval of promulgation of an ordinance that declares the possession of demonetised currency notes after March 31, 2017 a punishable offence, the Narendra Modi government on Thursday clarified that there will be no jail term but there will be fine of minimum Rs 10,000.

04:15 PM: Railway Minister S Prabhu along with Bandaru Dattatreya and K Kavitha flagged off Wi-Fi service at Secunderabad and Hyderabad Railway stations via video conference. The Wi-Fi service will be available at 104 stations in the country.

03:45 PM: Finance Minister Arun Jaitley said the “large benefits” of demonetisation move are visible. He attacked Opposition for protesting against the note-ban and said that not withstanding what critics predicted, in all segments there has been significant increase in indirect taxes.

03:15 PM: With an aim to reach out to the people across the country as well as blunt the opposition’s strenuous attack over the demonetisation move, the Narendra Modi government is set to roll out massive campaign. Prime Minister Narendra Modi will address the nation on new year’s eve after completion of 50 days of his much-debated demonetisation move and it has learned that he will use that as launch pad of the campaign, according to ANI report.

02:45 PM: Forest officials seized a leopard skin from a villager in Surajpur Tehsil of Chhatisgarh.

02:00 PM: According to sources, Pakistan Prime Minister Nawaz Sharif has written a letter to union minister Sushma Swaraj wishing her speedy recovery, who recently went through kidney transplant.

01:30 PM: Houses and offices of three senior Government officials in Bengaluru are being raided by the Anti-Corruption Bureau (ACB), said ACB Inspector General of Police MA Saleem.

01:05 PM: All India Majis-e-Ittehadul Muslimeen President Asaduddin Owaisi along with four others were acquitted on Thursday in the 2005 Muthangi Masjid Demolition case by Telangana’s Sangareddy Court.

12: 40 PM: The Union Minister of State for Home Affairs, Shri Hansraj Gangaram Ahir said that Congress vice president Rahul Gandhi was just wasting his time as he was protesting against Prime Minister Narendra Modi’s demonetisation move and said that the PM took the decison after giving it a careful thought.

12:05 PM: At least 12 Naxals arrested by security forces in Bijapur district in Chhattisgarh.

11:45 AM: Amid raging controversy over the death of former Tamil Nadu CM Jayalalithaa, a new report said that now the Madras High Court has raised serious doubts over the demise. This has brought a new explosive twist in the tale of Jayalalithaa’s death. In a report by India Today TV, a Madras High Court Judge has said that he has his own doubts over Jayalalithaa’s death. He asked India Today, “Why was her health situation kept a secret?” This comes barely as day after one of Jayalalithaa’s loyalists Shihhan Hussaini claimed that the late TN CM was murdered and wanted to find the conspirator. Shihhan had told India Today TV channel that the “late Tamil Nadu CM was poisoned.” He had called for a probe to find out the cause of her death. Meanwhile, the battle in AIADMK for the successor of the late CM has also taken new turns. Suspended AIADMK’s MP Sasikala Pushpa’s lawyer along with her husband were attacked by the party cadres. AIADMK leaders will reportedly meet today with an aim to decide on the next general secretary of the party.

11:06 AM: Prime Minister Narendra Modi is likely to address the nation on New Year’s eve, said sources.

11:05 AM: Actor Arjun Kapoor has been issued a notice by Brihanmumbai Municipal Corporation (BMC) over illegal construction at his Juhu residence.

11:00 AM: The real-life coach of wrestlers Geeta and Babita, PR Sondhi, was not happy with portrayal of his character in the film ‘Dangal’. In an interaction with news agency ANI, he said that Aamir Khan should talk to him first before sketching his role in the movie. However, the coach was is no mood to take any action.

10:45 AM: Present Commander in Chief of Western Air Command, Air Marshal SB Deo will be the next Vice Chief of the Air Staff. His post will be taken over by Air Marshal C Hari Kumar who is currently serving as Commander in Chief of Eastern Air Command.

10:15 AM: The Central Bureau of Investigation has received reply from all eight countries including Singapore and UAE in AgustaWestland VVIP chopper scam, said sources and added that it will start fresh round of questioning soon.

10:00 AM: As many as 14 resolutions were passed in the general body meeting of AIADMK in Chennai including celebration of the birth anniversary of J Jayalalithaa as National Farmers Day along with resolution to confer former TN CM Jayalalithaa with Magsaysay Award and Nobel prize for World Peace. The party also adopted resolution to work under the leadership of Sasikala Natarajan in the party general body meeting.

9:11 am: According to TV reports, Rohit Tandon went through 7-days of questioning before being arrested by the ED.

9:00 am: Lawyer Rohit Tandon has been arrested by ED for his alleged involvement in money laundering case.

8:19 am: 5 international and 9 domestic flights have been delayed because of poor visibility. 1 domestic flight had to be cancelled because of the weather.

7:44 am: The incident is reported to have happened at 5:53am. The cause of the incident is not yet known.

7:38 am: Services suspended on Kalyan-Karjat.

7:32 am: No casualties have yet been reported in the derailment incident which happened in the early hours of Thursday morning.

7:21 am: 5 coaches of a train between Kalyan and Vittalwadi are reported to have derailed in Maharashtra.