Daily Newsletter | Saturday, February 04, 2017
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| 156 PSB officials suspended for note ban irregularities |
| As many as 156 senior officials of various state-owned banks were suspended and 41 transferred after they were found involved in irregularities related to demonetisation, Parliament was informed on Friday. Banks also reported having filed 26 cases with police and the CBI. |
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| Seattle judge blocks Trump’s immigration order |
| A federal judge in Seattle on Friday put a nationwide block on Trump’s week-old executive order barring nationals from seven countries from entering the United States. The judge’s temporary restraining order represents a major challenge to Trump’s action, although his administration could still appeal the ruling and have the policy upheld. |
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| ‘Medical, engg seats shouldn’t be based on 1 test’ |
| Considering the enormous pressure students face to crack entrance exams for admission to medical and engineering colleges, the Supreme Court asked the government on Friday to frame guidelines to do away with the present system of a single test deciding their future. |
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| Hussey warns Australia against sledging Kohli |
| Former Test star Michael Hussey has warned the India-bound Australian cricket team for a four-Test tour not to antagonise Virat Kohli, saying sledging the Indian captain may boomerang on the visitors. |
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| Bangladesh will be a good match for India: Bashar |
| Over the years, Bangladesh-India have played some memorable matches in the shorter formats and former skipper and current selector Habibul Bashar believes the trend will continue in the upcoming Test as well. |
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| Banks set to keep rates low due to slow growth in credit |
| Bank credit increased by nearly Rs 1.7 lakh crore during the current financial year up to January 20, 2017, as compared to a more than Rs 11-lakhcrore increase in deposits. This huge gap in growth of banks’ resources, even as demand remains tepid, points to further reduction in interest rates. |
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| Govt to explore M&As across state-run units |
| The government will explore mergers & acquisitions (M&As) in not just the oil sector but in all state-run enterprises, a senior finance ministry official said on Friday, while asserting that all efforts would be made to meet the disinvestment target of Rs 72,500 crore for the current financial year. |
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| Jet Airways’ Q3 net profit plunges 70% on higher cost |
| Rising oil prices have started seriously denting the profitability of Indian carriers. Jet Airways on Friday reported a net profit of Rs 142.4 crore in the quarter ended December 2016, — down 70% from Rs 467.1 crore in same period last fiscal. |
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