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UAE EXCHANGE INTRODUCES NEW SERVICE FOR FOREIGN TRAVELLERS IN INDIA

UAE Exchange India has introduced foreign currency buyback facility for foreign travellers. The facility will be a boon to foreign travellers who encounter loss while exchanging leftover currencies due to rate fluctuation.

Foreign Currency Buyback facilitates currency return at the same rate of purchase, thereby assisting the foreign travellers in saving unused currency. By adding more ensigns to foreign exchange services, UAE Exchange is the first financial service provider in India to offer advanced Buyback feature for currency exchange.

500 Million Dollar Loan by Asian Development Bank to Indian Power Projects

ADB or Asian Development Bank to lend 500 Million Dollars to improve large scale power transmission from Nothern India to Southern Indian region. It also includes integrating renewable energy to the power grid in India. The integration of inter-regional connectibvity enables bulkpower transmission to southern region, where the power consumption drastically increases during summer. This project definetly bridges the void in generation of power and consumption in the southern states like Tamil Nadu, Kerala. 

BHARTI AIRTEL SERVES NOTICE FOR TELCOM TURF WAR

New Delhi: Telecom operator Bharti Airtel’s move to acquire Telenor India an undisclosed sum has virtually triggered off a telecom turf war. Airtel is India's largest wireless operator with over 269 million subscribers and a revenue market share of over 33 percent. Airtel’s take over of Telenor India will give it access to the latter’s spectrum, licenses and operations,including its employees and customer base of 44 million. Airtel will acquire Telenor India's running operations in seven circles Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

Now cash as cash on delivery!

E-commerce giant Snapdeal has come out with a novel 'Cash@Home' service, which allows users to order Rs 2,000 cash and get it delivered at their doorstep. "The launch of the cash on demand service is intended to further help our consumers tide over any cash crunch that they might face in addressing their daily needs," Snapdeal Co-founder Rohit Bansal said in a statement. Snapdeal will be using the cash that it receives through Cash on Delivery (CoD) to operate this facility.

Why the new currency introduced is different in size and thickness from the old, RBI governor explains.

After the demonetisation new notes of 500 and 1000 are being printed.The new notes are entirely different from the scrapped ones,with less thickness and small size.RBI governor Urjit Patel said that the reason for the difference in thickness and size is, "People have asked about this.This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place," Patel said.

Rupee hits record low.

Indian currency has hit a record low of 68.86 per dollar on Thursday. The low surpassed the rupee's previous all-time low of 68.85 hit in August 2013, when the country was mired in its worst currency crisis in more than two decades.The Reserve Bank of India (RBI) is likely to intervene after the rupee , pressured by broad strength in the U.S. dollar, capital outflows from emerging markets, and worries about India's demonetisation drive. The intervention from the RBI sparked a slight rebound in the rupee to 68.83, traders said.

Gold bought in tons after demonetisation.

The bolt from the blue that the decision to demonetise 500 and 1000 rupee notes is,has made people absolutely frantic.After the announcement of the govt. people who had stashed black money,have looked for ways to convert their unaccounted money into white. Investing in Gold has always been one of the safest and easiest options.Now reports suggest that tons of gold were sold in just two days after the big demonetization announcement by the govt. on 8th November.

Petrol, Diesel price cut

In response to global prices and currency fluctuations, the three state-owned oil marketing companies (OMCs) have decided to lower the prices of petrol and diesel from midnight Tuesday.According to the Indian Oil Corporation (IOC), retail petrol price will be decreased by Rs 1.46 per litre and diesel would become cheaper by Rs 1.53 per litre, excluding state levies.

The new prices of non-branded petrol in metros like New Delhi would come to Rs 65.93 per litre, Kolkata Rs 68.67, Mumbai Rs 72.29 and Chennai Rs 65.41.

A bull whose sperm costs Rs. 400 per milliliter

Yuvraj is a mammoth bull which weighs no less than a staggering1500 kilos.The owner of this bull, Karanbeer Singh, takes very good care to feed the bull and maintain its fitness. Interestingly he sells a milliliter of this bull's sperm for an incredible Rs 400. Karambeer said that only by selling its sperm through out the year he has become a crorepati. According to Karambeer Yuvraj's beauty floored even Prime Minister Narendra Modi.

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