Demonetisation 3-Year Anniversary, Moody’s Lowers India’s Ratings + More Top News

The evening of November 8, 2016, is that moment in our lives where we can recall where we were exactly when Prime Minister Narendra Modi made the  announcement that made almost 80 per cent of India’s total currency in circulation invalid. Read more

Here’s more top news of the day:

1) Highlighting India’s Failure To Address Economic Slowdown, Moody’s Lowers Country’s Ratings

And adding worries to woes for the almost dormant government reluctant to address the elephant in the room, ratings’ agency Moody’s has changed its outlook on India’s ratings to “negative” from “stable”, citing increasing risks that the country’s economic growth will remain lower than in the past. Read more

2) Rs 2,000 Notes Are Hoarded, Can Be Demonetised Without Disruption, Says Ex Finance Secretary

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Former Department of Economic Affairs secretary Subhash Chandra Garg has said that the new Rs 2,000 notes that were introduced after the announcement of demonetisation on November 8, 2016 have mostly been used for hoarding. Read more

3) Homeless & Needy Can Get Free Food At This Community Fridge In Andheri. All Thanks To These Mumbai Residents

People can get food from the fridge anytime between 1 PM and 2:30 PM and 7:00 PM and 9:30 PM daily.  The initiative was started by the residents of Andheri and Versova Welfare Association. Read more

4) Couple With 2 Children, Stoned To Death For Inter-Caste Marriage. Who Will Take Care Of Their Kids Now?

In yet another tragic case of honour killing, a Dalit man and his wife, who married against wishes of the woman’s family, were allegedly stoned to death when they returned to their village in Gadag district in Karnataka, four years after fleeing it. Read more

5) India’s Entire Police Force Has Only 7% Of Women, SC/ST Representation Also Remains Poor

“Even if states commit to increasing women’s representation at a modest additional 1 per cent per annum, it will take most of them and institutions decades to reach even to this aspirational 33 per cent,” said the report. Read more

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