GOVERNMENT DECIDES TO GIVE INCENTIVES FOR DIGITAL TRANSACTIONS MADE AFTER NOVEMBER 8

After the government has announced its decision to demonetize 500 and 1000 rupee currency notes from the circulation,Almost every sections of the society are facing the cash crunch.As part of the Government steps to minimize the demonetization effect,the government has come up with two schemes to encourage digital transactions in the country.

US FEDERAL RESERVE HIKES INTEREST RATES

USA's central bank Federal Reserve raised interest rates for the second time in a decade signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump Administration promises of tax cuts,spending and Deregulation.

Federal reserve increases its funds rate to a range between 0.50% and 0.75% from the range of 0.25% to 0.5%.

CHOLAMANDALAM ENTERS INTO PACT WITH DENA BANK.

Cholamandalam Ms General insurance co.Ltd has entered into a corporate agency agreement with Dena bank to distribute the former's General insurance products.

Under the Agreement Cholamandalam will offer a wide range of non life insurance products to Dena bank customers through its nation wide branch network

21ST FOX CENTURY BUYS EUROPEAN PAYTV SKY PLC

Rupert Murdoch's 21st century FOX sealed a $14.8 billion cash deal to take control of pan European Paytv Sky plc and create a global entertainment titan.21st Century fox has reached a formal agreement to buy 61 % stake in sky that it doesn't own.

.

MUSICAL MAESTRO A R RAHMAN IN OSCAR RACE AGAIN

Music maestro AR Rahman is in Oscar race again for his work in sports biopic Pele:birth of a legend.AR rahman won Oscar for his work in slumdog millionaire in the year 2009 in both original score and Best original song long list of the 89th Academy awards.

Ginga,which Mr.Rahman composed to celebrate Pele's soccer legacy,is one of the 91 songs in the original song long list.

SMRITI MANDHANA IS THE ONLY INDIAN IN ICC'S WOMEN'S TEAM

Indian batswoman Smriti mandhana has been named in the women's team of the year 2016,the International Cricket Council.The team which will be captained by Stefane Taylor has been added to the list of awards to acknowledge and appreciate outstanding performances  of women's cricketers over a 12 month period.

AIRTEL LAUNCHES PAYMENTS BANK IN AP AND TELANGANA

Telecom major Airtel has launched its payments bank in Andhra pradesh and Telangana circles,offering interest rate of 7.25% per annum on savings account deposits and personal accident insurance of 1 lakh.

Airtel recently launches its payment bank services in Rajasthan recently.Airtel Payment bank offers 1 minute talk time for every rupee the customer deposits in their savings bank account.


                       Click here to know more about Airtel payments bank