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Monday, November 14, 2016

On Wednesday, India demonetised ?500 (about US$7.50) and ?1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes would cease to be legal tender at midnight.

To minimise possible difficulties to citizens, transactions using old 500 and 1000 rupee notes were accepted at government hospitals, railway ticket bookings, government buses, and airports. The notes were also accepted at public-sector petrol-pumps, government-authorised consumer co-operative stores, milk booths authorised by State governments, and cremation grounds till Friday midnight. These shops were obliged to have a record of their stocks and sales.

In his announcement, Modi said, “For your immediate needs, you can go to any bank, head post office or sub post office, show your identity proof like Aadhar card, voter’s card, ration card, passport, income tax PAN card number or other approved proofs and exchange your old 500 or thousand rupee notes for new notes.” ^{((hi))Hindi language: ??????? ???????? ?? ??? ???? ?? ?? ?? ???? ?? ?????? ????? ?? ??? ??? ?????? ????? ?? ??? ?? ????? ?? ??? ?????? ?? ?? ???? ?? ???? ?? ?????? ?? ?? ??? ?? ?? ?????? ?? ???? ????? ????, ???? ??, ???? ?????, ?????? ?????, ???? ?????, ????????, ???? ????? ??? ????? ??????? ???? ?? ??? ??? ??? ???? ?? ??? ??? ???? ???}

Modi also announced those who failed to change their currency till December 30 can exchange the notes at Reserve Bank of India (RBI)’s office along with a declaration form till March 31. The notes can be exchanged till December 30 at any branch of any bank across India.

By Saturday, Finance Minister Arun Jaitley said demonetised money equivalent to almost US$30 billion was deposited in banks across India. According to estimate, the old notes accounted for 85% of the total money in circulation. New 500 rupee and 2000 rupee notes are to be issued. Modi said RBI would exercise caution from past experience and limit the circulation of large-value notes.

International tourists could purchase up to 5000 rupees using the old notes at airport exchanges till Friday.

A limit was imposed on cash withdrawal; a maximum of 10000 rupees each day, and 20000 rupees each week, can be withdrawn. Moreover, from Thursday (November 10) till November 24, 4000 rupees can be exchanged in the banks and post offices. The amount is credited to the bank account.

Government workers were informed about demonetising when the announcement was made. Modi announced all banks would remain closed for public work on Wednesday.

In the United States, Donald Trump won the 2016 presidential election on Tuesday, immediately after which stock markets dropped globally. Following the US election and demonetising the money, the Indian stock market fell by 1700 points on Wednesday. Sensex lost 1,688.69 points and Nifty lost 111.55 points on the same day. Indian technology sector companies experienced loss. TCS suffered 4.93% loss and Infosys lost 2.74%.

The Indian rupee is also used in the neighbouring countries of Bhutan and Nepal. The border area uses Indian currency for day-to-day transactions. The Royal Monetary Authority of Bhutan (RMA) has announced the exchange of old notes will be facilitated till December 15. RMA governor Dasho Penjore informed Indian news site The Wire, “We do not know exactly how much Indian currency of Rs 500 and Rs 1,000 is in circulation in Bhutan. We will get a better idea after the deadline to deposit their amount”. RMA has 30% of its international exchange reserve in Indian rupees. Nepal Rastra Bank directed all Nepali banks to stop conducting transactions using the Indian rupee.

On Thursday, there were long queues in front of ATMs and banks to exchange the old notes and withdraw money. BBC reported some banks ran out of cash. Police were called to some banks to maintain discipline. Banks were open on Saturday and Sunday for money exchange.

Shops did not accept the old 500 and 1000 rupee notes. Some emphasised cash-less transaction as well. BBC reported some traders and small business owners in Delhi threatened to call a strike as this move affected their business.

eRetail websites like Amazon and Flipkart announced they would not accept the old 500 and 1000 rupee notes on Cash on Delivery orders. Amazon also announced 15% discount on gift cards worth 500 or 1000 rupees.

The government ceased all transactions using the old 500 and 1000 rupee notes before Saturday. But a Wikinews correspondent noticed a jeweler shop accepting the demonetised notes on Saturday. When questioned, the jeweler said they were accepting the old notes only on purchase. When the correspondent, who did not identify as a reporter to the shop owners, said the old 500 and 1000 rupee notes were not legal money, they said they will exchange the notes in a bank since there were 50 days to exchange with a new and legal tender. They refused to exchange old 500 rupee notes with change, asserting the customer needs to buy merchandise from their shop.

Friday, September 26, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party candidate Michael McMahon is standing for election in the riding of Prince Edward—Hastings. McMahon moved to Windsor in 1951, getting a degree in education, teaching locally and in Papua New Guinea. He served as Branch President of the Ontario Secondary School Teachers’ Federation (OSSTF), served on multiple of their major committees, and recently retired from the Hastings and Prince Edward District School Board.

Wikinews contacted Michael McMahon, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

Since being redefined in 2003, the riding includes the County of Prince Edward and the County of Hastings (except the City of Quinte West). Conservative Party member Daryl Kramp currently represents the riding, after beating a Liberal in 2004. Ken Cole of the Liberals and Alan Coxwell of the Greens are also running in the riding.

For more information, visit the campaign’s official website, listed below.

Monday, November 25, 2013

Yesterday in Geneva, Iran and the P5+1 nations — the five permanent members of the UN Security Council; United States, United Kingdom, China, France, and Russia; plus Germany — reached a six-month deal over Iran’s nuclear enrichment programme. Iran is to reduce its nuclear activities in return for a lifting of some economic sanctions.

Iran has agreed to not build any new enrichment facilities, to halt enrichment of uranium past a purity of 5%, to “neutralise” a stockpile of nearly 200kg of enriched uranium of a purity of nearly 20%, to not install new centrifuges, and to disable a number of existing centrifuges. They also have to allow access for inspections by the International Atomic Energy Agency (IAEA) to a number of sites including Natanz and Fordo, as well as information on the reactor at Arak.

In return, the P5+1 is to provide “limited, temporary, targeted, and reversible” relief from economic sanctions including removal of specific trade sanctions on precious metals, including gold; the automotive sector; and oil. The sanctions relief is worth around US$7 billion (about €5 billion).

In Tehran, Iran’s negotiators were welcomed home at the airport by a gathering of supporters holding placards. Hundreds of thousands of Iranians reportedly watched coverage of the negotiations through the Iranian night.

Hassan Rouhani, the Iranian president, told reporters, “[i]n this agreement, the right of [the] Iranian nation to enrich uranium was accepted by world powers”. The United States contests this.

US president Barack Obama welcomed the deal: “For the first time in nearly a decade, we have halted the progress of the Iranian nuclear program, and key parts of the program will be rolled back.” He said the provisions of the deal “cut off Iran’s most likely paths to a bomb”.

British prime minister David Cameron said the deal was an “important first step” and Iran was “further away from getting a nuclear weapon”.

John Kerry, the United States Secretary of State, appeared with British foreign minister William Hague at a press conference in London. Kerry told reporters: “Now the really hard part begins, and that is the effort to get the comprehensive agreement, which will require enormous steps in terms of verification, transparency and accountability”.

Benjamin Netanyahu, prime minister of Israel, said the deal was a “historic mistake” and said the Iranians had agreed only to “cosmetic concessions” that “can be undone by the Iranians within weeks”. “Israel”, he said, “is not bound to this agreement while Iran is committed to the destruction of Israel. Israel has the right to protect itself in the face of any threat. I wish to reiterate that as the prime minister of Israel — Israel will not allow Iran to develop nuclear military capabilities.” He also said: “Iran is receiving billions of dollars in relief in the sanctions without paying any sort of price. Iran is receiving written approval to violate UN Security Council resolutions”.

Naftali Bennett, the Israeli economic minister, warned of the prospects of a nuclear Iran: “If in another five or six years a nuclear suitcase explodes in New York or Madrid, it will be because of the agreement that was signed this morning”.

A spokesman for President Obama stated: “the United States will remain firm in our commitment to Israel, which has good reason to be skeptical about Iran’s intentions”. Obama phoned Netanyahu on Sunday to try and reassure him.

Tuesday, December 26, 2006

At least 21,000 gallons of crude oil has spilled into the Gulf of Mexico near the United States mainland coast, about 30 miles off the shore of Galveston, Texas. The U.S. Coast Guard says that oil is still leaking at a rate of 80 to 400 gallons a day.

The High Island Pipeline began to leak on Sunday and was immediately shut down when a pressure loss was detected. The pipeline is owned by Plains All American Pipeline who state that the incident is “under investigation” and that officials are working to “minimize the impact of the incident.”

“A medium crude oil pipeline ruptured 30 miles southeast of Galveston, Texas, and leaked approximately 21,000 gallons of oil into the Gulf of Mexico Sunday, December 24,” said a press release by Coast Guard.

“There’s a 60-yard-wide oil sheen that extends for about half a mile. It is still leaking slowly, about 80 to 400 gallons a day,” added the Coast Guard.

Reports say that the oil is traveling away from any shoreline and that remaining oil is being suctioned out of the pipeline. Ships in the area have not been diverted.

“All appropriate agencies have been notified. Plains, the U.S. Coast Guard, and the Texas General Land Office are working within a unified command system consisting of Federal and state agencies and oil spill response organizations to manage and mitigate this incident. In addition, Plains has activated its spill response plan to contain and clean up the spill. At present, Plains has mobilized Airborne Support, Inc., Clean Gulf Associates and other additional resources in an effort to minimize the consequences of the incident,” said a press release by the Plains oil company.

So far, no injuries have been reported.

Wednesday, September 26, 2007

Penny Lucas is running for the Progressive Conservative in the Ontario provincial election, in the Kenora-Rainy River riding. Wikinews’ Nick Moreau interviewed regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Sunday, April 6, 2008

Ferrari driver Felipe Massa won the FIA Formula One 2008 Gulf Air Bahrain Grand Prix at Bahrain International Circuit, Sakhir, Bahrain. Massa was also the previous year winner. His Ferrari teammate, driver Kimi Räikkönen, ran second after a good start from fourth place on the grid.

McLaren Mercedes driver Lewis Hamilton failed his start. During the race Hamilton unsuccessfully attacked his former teammate Fernando Alonso (now again a Renault driver), resulting in him losing his front wing, and dropping to last place. He eventually finished a lowly 13th place.

Pole Robert Kubica became the highlight of the weekend by winning the pole, but was slow off the start and finished third on the podium. Nick Heidfeld, his BMW Sauber teammate finished fourth. The results puts BMW as the new leader of the Constructors’ championship, one point ahead of Scuderia Ferrari.

Heikki Kovalainen came fifth and became the only McLaren driver to finish in the points. Jarno Trulli (Toyota) and Mark Webber (Red Bull-Renault) ran 6 and 7 places respectively with Nico Rosberg (Williams-Toyota) closing out the top eight with 1 point.

Timo Glock (Toyota) was engaged in a hard battle with Fernando Alonso (Renault) and came 9th ahead of the Spanish 2005 F1 Champion.