RBI Says It Has Enough Cash In Stock, India's First Banking Robot And Other Must Read Stories

The Reserve Bank of India on Friday said enough cash is available and urged the general public to exercise patience in exchanging currency notes.

The RBI said it might take a while for the banks to recalibrate their ATMs. "Several ATMs have started functioning from this morning as the banks could complete recalibration of these machines to allow withdrawals up to Rs 2,000 to begin with," it said. 

1. ED Launches Probe Into $208 Million Embraer Aircraft Deal Over Kickback Allegations

The Enforcement Directorate (ED) has started a probe into the Embraer aircraft deal which was signed during UPA rule in 2008. In the three-aircraft deal, foreign investigating agencies have alleged that payoffs were received by Indian agents for pushing the deal with the government.

The CBI had last month registered an FIR and named Vipin Khanna as the agent who allegedly received payoffs in the $208 million deal. 

2. India Accounts For The Highest Number Of Child Deaths Due Diarrhoea, Pneumonia, Even Worse Than Somalia And Sudan

India has the highest number of pneumonia and diarrhoea deaths among children in the world with nearly three lakh children dying in 2016, a report released ahead of World Pneumonia Day on November 12 said.

The Pneumonia and Diarrhoea Progress Report for 2016 which was released by International Vaccine Access Centre(IVAC), Johns Hopkins Bloomberg School of Public Health, said that the top five countries with highest global burden of child pneumonia and diarrhoea deaths are India, Nigeria, Pakistan, Democratic Republic of Congo and Angola.

3. Paytm CEO Strikes Back, Replies To Kejriwal After He Called The Company 'Biggest Beneficiary' Of Demonetisation

Delhi Chief Minister Arvind Kejriwal had on Thursday launched a twitter attack on Prime Minister Narendra Modi after online payment valet service Paytm had a front page newspaper ad featuring the Indian premier. But Kejriwal cried foul. In a series of tweets he questioned the ad, claiming that it was "utterly shameful".

Vijay Shekhar, the CEO of Paytm was quick to rebut Kejriwal's allegations. He replied to the Delhi CM saying "The biggest beneficiary is our country". 

4. Kolkata Man's Family Settles Rs 40,000 Hospital Bill In Coins After They Ran Out Of Cash Due To Demonetisation

Desperate times require desperate measures. The family of a 35-year-old dengue patient paid back a Kolkata hospital in their own coins, literally. On Wednesday, the hospital told Sukanta Chhaule's relatives to arrange Rs 40,000 for his discharge the next day. It set off panic at the Chhaules' Dasnagar home for they neither had cards nor enough cash in denominations other than Rs 500 and Rs 1000. 

The Chhaules then sent frantic messages over WhatsApp groups to friends, relatives and neighbours for loose change.The response was overwhelming. They were flooded with coins. By 3 am, they had collected the bill amount of Rs 40,000. 

5. Meet Lakshmi - India's First Banking Robot, Who Debuted In Chennai

Endearing, interactive and superfast with data, India's first banking robot Lakshmi made her debut in Chennai. Launched by City Union Bank on Thursday, the artificial intelligence powered robot will be the first on-site bank helper.

Top private lender HDFC Bank, which is also experimenting with robots to answer customer queries, is testing its humanoid at its innovation lab. Lakshmi, which took more than six months to develop, can answer intelligently on more than 125 subjects.

Source:IndiaTimes

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