TOP Stories Of The Day – 7th December

Reserve Bank of India's Deputy Governor R. Gandhi on Wednesday claimed that the decision to demonetising Rs 500 and Rs 1,000 notes was taken after detailed deliberations and not in haste, while about Rs 12 lakh crore of the new notes have been deposited. To ease the cash crunch, the RBI also assured the steady supply of new notes into the system.

In This Pic : R Gandhi

Pic Courtesy : BCCL

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The Supreme Court on Tuesday gave the permission to Board of Control for Cricket in India (BCCI) to spend Rs 2.83 crore for the remaining England series that include 2 Tests, 3 ODIs and 3 T20Is. Of Rs 2.83 crore, BCCI can spend Rs 1.33 crore for 2 Tests and Rs 25 lakh each for hotel bookings for players for ODIs.

In This Pic : TOP Stories Of The Day – 7th December

Pic Courtesy : BCCL

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Property dealer Mahesh Shah, who had sensationally disclosed Rs 13,860 crore unaccounted income under the Centre's Income Declaration Scheme, might be staring at a maximum of three years in jail for providing false information. According to income tax source, providing false information under IDS is illegal and action might be taken against Shah for doing so. A highly placed source within the department, on condition of anonymity, said, "Under the Income Declaration Scheme, a person is supposed to declare his own money."

In This Pic : Mahesh Shah

Pic Courtesy : BCCL

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An 'apology' tendered to the Supreme Court by the Samajwadi Party's (SP) Azam Khan - for calling a gang-rape incident "a political conspiracy" - was rejected today by the court because it felt it "was not an unconditional apology".

In This Pic : Azam Khan

Pic Courtesy : BCCL

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The Allahabad high court on Wednesday dismissed a petition challenging the election of Prime Minister Narendra Modi from Varanasi Lok Sabha constituency.

In This Pic : Narendra Modi

Pic Courtesy : PTI

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