Prime Minister Narendra Modi made a key announcement in his fight against black money. Addressing the nation on Tuesday evening, PM Modi abolished the currency notes of Rs 500 and Rs 1000 denominations. However, there will not be any change for other notes.
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India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel high-value denominations should be discontinued to curb black money.
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Samsung has said it will delay restarting the sale of its Galaxy Note 7 phone in South Korea, as the firm needs more time for the global recall of the device.
The South Korean tech giant was forced to recall some 2.5 million devices globally due to overheating batteries.
Dozens of devices were reported to have caught fire.
The phone was to be back on the shelf on 28 September but is now expected to be available 1 October at the earliest. Read More »
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