Wednesday Evening News Brief, October 25

Wednesday evening brief Oct 25 2017
Good evening!
Here’s everything that transpired during the course of the day…
The deadline for mandatory linking of Aadhaar to avail benefits of government schemes has been extended to March 31, 2018. This comes in response to a slew of petitions in the apex court challenging the constitutional validity of mandatory linking of mobile numbers and bank accounts with Aadhaar. 135 schemes of 35 ministries including free cooking gas for poor women, kerosene and fertilizer subsidy, targeted public distribution system and MGNREGA will be covered by the extension. Read.
Bust mutual fund myths, not firecrackers
This Diwali, let us bust some common MF myths instead of firecrackers.

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Government is set to observe ‘Anti-Black Money Day’ on November 8, to mark the first anniversary of demonetisation. Making the announcement, finance minister Arun Jaitley accused the Congress of not taking concrete measures against black money when it was in power. This comes in the midst of most opposition parties asserting that they’ll observe Nov 8 as ‘Black Day’ and hold protests to highlight the “ill-effects” of demonetisation on the economy
Election Commission today announced the schedule for two-phase assembly elections in Gujarat. Polling will be held on December 9 and 14. 89 Assembly constituencies will vote in phase 1, and 93 will vote in phase 2. Counting of votes will take place on December 18. With the announcement of the dates, the Model Code of Conduct comes into force with immediate effect in the state.
Financial Planning, more than just money.

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Key members of China’s Communist Party were determined at the national congress today. Chinese President Xi Jinping has been given a second five-year term as leader of the ruling Communist Party. Premier Li Keqiang also remains in place as his No. 2, while the other five members are all newcomers taking the place of those who retired due to unwritten age limits.
The Indian junior hockey team scripted an emphatic 22-0 victory over USA in the Sultan of Johor Cup. This was their third successive victory in the tournament being played in Malaysia. 10 Indian players got their names on to the scoresheet, with four of them – Vishal Antil, Dilpreet Singh, Harmanjit Singh and Abhishek scoring a hat-trick.
Copyright @ 2017 Bennett, Coleman & Co. Ltd.

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