1. Black money issue, 500 rupees and 1000 rupees banned from Midnight.
2. ATM's wouldn't wouldn't work on 9th and 10th November. Rather the withdrawal limit is Rs. 2000 only.
3. All Residents have option till 30th December 2016, to deposit their existing cash balance of 500 and 1000 rupees in their bank accounts.
4. ATM withdrawal is limited post 11th Nov to 10000 per day, but initial few days it would be 2000 Rs. Only.
5. Emergency periods like hospitals and chemist, train ticket booking and airline ticket booking, petrol pumps may accept the old notes to 11th November.
6. No changes in online, card, cheque or any other plastic money transactions.
7. 9th November, banks wouldn't be available for public banking services.
8. New notes of 500 rupees and 2000 rupees would bring in circulation, mostly from 31st March 2017.
9. This one is not clear, but old notes can be exchanged with rbi till 31st March 2017. I guess post 30th December.
News Snippets
8th Nov 2016
Economic Times
Business Standard
Ø Tata-Mistry feud: Cos may suffer debt blow if Tata guarantees expire
Ø 'UK eager to have free trade agreement with India'
Ø Indian cos eyeing to raise money through masala bonds
Ø UK wants India to speed up Vodafone, Cairn arbitration
Ø 'Clinton win may pose pricing challenges for pharma'
Ø Hotel Industry warns tourism will suffer at 18% GST
Ø 4G expansion to take tower cos to new heights
Ø Barack Obama leaves behind a legacy & debt burden
Ø 3 Tata directors hired minutes before AGM
Ø Rural economy to be 2017-18 Budget's highlight
Ø $1.55 bn penalty sought from RIL exaggerated, say analysts
Ø Theresa May visit: India, UK to sign over Rs 8,300 crore business deals
Ø Cabinet to take final callI on listing of PSU insurers this month
Ø ICICI Bank Q2 net up 2.37% at Rs 3,102 crore
Business Line
Mint
Ø Cognizant Q3 net up 12% at $444.4 mn
Ø MCX aluminium hovers at crucial resistance
Ø Nifty 50 futures listed on Taiwan Futures Exchange
Ø Britannia Q2 consolidated net up 5.80% at Rs 234 cr
Ø 4% price fluctuation limit in pepper futures irks traders
Ø Defence Ministry approves new blacklising policy
Ø Rupee closes marginally lower against US dollar
Ø Cairn-ONGC deal: Delhi HC gives Centre one last chance
Ø Cognizant finds ‘improper payments' of $5 mn made in India
Ø United Bank of India’s Q2 net profit falls 30% to Rs43.53 crore on bad loans
Ø Cyrus Mistry said to have proposed doubling dividend to Tata’s owners
Financial Express
Financial Chronicle
Ø BSE Sensex ends over 95 points down at 27,430.28, NSE Nifty settles at 8,484.95
Ø Delhi High Court asks Hotel Leela Venture to pay Rs 258 crore royalty to AAI
Ø India hopes early extradition of Vijay Mallya after May-Modi talks
Ø Farmers stage protest at WHO tobacco conference venue
Ø Central govt may opt for fiscal deficit band
Ø Gold falls most in a month as FBI's late twist favours Clinton
Ø Future Group signs pact to acquire Heritage Foods biz
Ø Foreign investors seek speedy resolution of Tata-Mistry feud
Ø High imported coal price may hit power sector
Ø Britain's exit from EU a 'positive' for India.
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