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NEWS|Current Affairs 
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The two-day bank strike has hit banking services across the country. Nearly 15 crores cheques worth Rs 14 lakh crore remained uncleared as 10 lakh PSU bank employees stayed away from work. Unions say cash dried up at various ATMs and all government transactions came to a halt. Public sector bank employees' union called for a strike to press for an immediate revision in wages higher than what is proposed by the banks. The Indian Banks' Association which is the industry body of banks has agreed to offer a 10 percent wage hike which is an outgo of over Rs 3000 crore for PSU banks.

Netanyahu flies to U.S., ties fraying over his planned Iran speech

from firstpost

Netanyahu flies to U.S., ties fraying over his planned Iran speech

WASHINGTON/JERUSALEM (Reuters) - Defying U.S. President Barack Obama, Israeli Prime Minister Benjamin Netanyahu flew to Washington on Sunday to warn Congress about the risks of a possible nuclear deal...


Kurdish rebels call disarmament move historic, want Turkey to step up reforms

from firstpost

Kurdish rebels call disarmament move historic, want Turkey to step up reforms

ISTANBUL (Reuters) - Kurdish militants on Sunday described as "historic" a call by their jailed leader to hold a disarmament congress and said Turkey must now take concrete steps to keep the...

Russians march in memory of murdered Putin critic

from firstpost

Russians march in memory of murdered Putin critic

MOSCOW (Reuters) - Thousands of Russians marched through central Moscow on Sunday, carrying banners declaring "I am not afraid" and chanting "Russia without Putin" in memory of mur...

Egypt parliamentary poll looks set for delay after court ruling

from firstpost

Egypt parliamentary poll looks set for delay after court ruling

CAIRO (Reuters) - Egypt's parliamentary poll looks set to be delayed after a court ruled that part of an election law was unconstitutional and the main election committee said it was working on a new ...

GAAR to incorporate OECD initiative's norms on tax avoidance

from firstpost

GAAR to incorporate OECD initiative's norms on tax avoidance

New Delhi: Government proposes to come out with a modified General Anti-Avoidance Rules by incorporating provisions of the OECD's BEPS project so as to effectively deal with the problem of tax avoidan...

Coal mine auctions leave no doubt about CAG's loss figure: PM

from firstpost

Coal mine auctions leave no doubt about CAG's loss figure: PM

New Delhi: CAG's astronomical Rs 1.86 lakh crore loss figure in coal block allocations had raised some doubts initially, but the auction of less than 10 percent of those mines alone has garnered Rs 1....