Today's News in Media::Modi's new challenge: Keeping unaccounted money handlers at bay

THE ECONOMIC TIMES

Sun, Nov 13, 2016 | 10:30 AM IST

ET Sunday Wrap

Modi's new challenge: Keeping unaccounted money handlers at bay As India moves more towards a ‘white’ economy,’ liquidating holdings overseas and stamping out counterfeiting must be key long-term goals. The outsider is now an insider: Donald Trump More recently, some of his foreign policy advisors have promised a stronger military presence in Asia but a drawdown in US trade with the region. Away from the LoC, on another India-Pakistan Border  There’s no border fencing on the marshland that acts as the natural boundary between Gujarat and Pakistan’s Sindh province. The first battle: Tata-Mistry fight for Taj Hotels The first battle, to recapture the turf, will be fought at IHCL, where the notice for an extraordinary general meeting went out first on November 10. Can co-living startups change the way Indian singles live? Little over a year into operations, the Gurgaon-based startup CoHo has added over 750 beds, is set to touch annualised revenues of about Rs 6.5 crore. Notes ban: Where India stands in relation to other countries on online payments PM Narendra Modi is trying his best to convert India into a full-fledged online, digital economy. His demonisation drive is the latest move. Why you may no longer need to keep a stash under your pillow or in it Today, 86% (by value and 24% by volume) of the total currency in circulation is in the form of Rs 500 and Rs 1000 notes valued at Rs 14 lakh crore. Demonitisation: Most political parties are in a tizzy, but it may not be a level playing field The timing of the demonetisation, ahead of poll season, is not lost on political observers who feel it is a landmark move towards electoral reforms. Why your neighbourhood ATM is shut or running out of cash in a few hours The first urgent need was to clear ATMs of the old currencies and bring them to the headquarters. The task was daunting because in the first week of November. Bara Sarafa Bazaar: Indore’s jewellery market by day and street-food hub by night “There are very few customers in the market since the government’s announcement on Rs 500 and Rs 1,000 notes. We are small jewellers and cannot accept the demonetised notes." Zaveri Bazaar: After a few hours of manic rush, biz has been muted Zaveri Bazaar, India’s largest bullion market, accounts for nearly 40% of the country’s gold trade and houses hundreds of shops. Demonitisation: Money launderers may never have it so good or so bad "There are businesses like transport that deal with cash on a daily basis and jama-kharchi firms use such business fronts to legitimise black money." Demonetisation could clean up the restaurant business "There are also restaurants set up solely to launder money. The current bold move will definitely help." Our next focus is the cost of doing business: Telangana’s IT and Industries Minister Of the 340 parameters on which we were rated, on 324 we could affect changes and the Government of India has approved that we made changes after verifying. Is Karnataka's 'kannada-ness' in trouble with the native-speakers moving out of state? The unification movement, which began in Dharwad in Bombay Presidency and in Kerala, was supported by litterateurs who saw language as a unifying Second helping: The humble chefs are the unsung heroes of restaurants Every time chef Vikramjit Roy tries out a new dish, putting together an impossible melange of flavours and ideas from all over Asia, it is Soumya Mohanty who is by his side.

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