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Divided opposition protests demonetization across India
NEW DELHI - Opposition parties took to the streets all over the country on Monday to denounce the scrapping of high value currency but the protests were largely symbolic barring in a few states. Monday also saw the first two instances of vandalization, in Manipur, of banks by clients after they were stopped from withdrawing Rs 24,000 citing a cash crunch. The Left called a 'Bharat Bandh' against both the November 8 demonetisation and the widespread currency shortage. Most other political parties marked it as "Aakrosh Diwas". Life was badly hit in Left-ruled Kerala and Tripura while Left activists partly halted rail and road traffic in Bihar. The protests in West Bengal were dominated by Chief Minister Mamata Banerjee, who vowed to...
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India Set to Consume $80 Bln Worth of Mobile Phone Components
NEW DELHI-India is set to consume $80 billion worth of mobile phone components over the next five years, a new study revealed,adding that this will help the country become a global manufacturing hub with advanced local manufacturing. This offers a huge opportunity just from domestic demand perspective to manufacture mobile phones in the country and increasingly source components locally, thus, reducing the dependency on imports, said the study done by IIM Bangalore and market research firm Counterpoint Research. "India can potentially be the world leader in mobile phone manufacturing ecosystem and this has to be done in a phased manner," said Aruna Sundararajan, Secretary, Ministry of Electronics and IT...
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Lodha panel recommends dismissal of BCCI top brass
NEW DELHI - The R.M. Lodha committee on Monday recommended the sacking of all office bearers of the Board of Control for Cricket in India (BCCI) and its state associations while also suggesting the appointment of former Home Secretary G.K. Pillai as an observer in the apex body. In a fresh status report filed to the Supreme Court, the panel asked that Pillai be appointed as observer with power to appoint an auditor, and guide the BCCI administration, particularly on the award of contracts and on transparency. The recommendations by the SC-appointed Lodha Committee are the latest development in the ongoing stand-off between the apex court and the Anurag Thakur-led national cricket board over the running of...
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