23 December 2016 Current Affairs

Price Slump Fails To Restore Gold Demand In India; China Premiums Shrink

Gold demand in India remained moderated this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crisis and holidays kept buyers away from the market, while premiums in China fell from near 3-year highs touched in the prior week. Gold demand in India remained moderate this week despite a sharp fall in prices to over 10-1/2 month lows as a severe cash crisis and holidays kept buyers away from the market, while premiums in China fell from near 3-year highs touched in the prior week. Dealers in India, the world’s No.2 consumer of the metal, were offering a discount of up to $2 an ounce this week over official domestic prices that include a 10 per cent import tax.


Current situation is not in the best interest of cricketers, says Anurag Thakur

BCCI President Anurag Thakur on Friday accept that the current crisis facing the Board is not in the best interest of cricketers but the body will have to keep everything on hold till Supreme Court gives it’s verdict on January 3.“We know the current situation is not in the best interest of cricketers but the matter is sub-judice. We are in problem and we need to wait till January 3,” Thakur told media persons on the sidelines of a promotional event for the upcoming Pro Wrestling League. He was referring to the Supreme Court-appointed Lodha committee’s recommendations on administrative reform in the BCCI, which the Board has not been able to implement as yet.


Jio’s subscriber base may touch 100 million by March 2017: Fitch Ratings

Reliance Jio Infocomm’s subscriber base may touch 100 million by March 2017 end. Riding on the free voice and data offers, Reliance Jio Infocomm’s subscriber base may touch 100 million by March 2017 end said Nitin Soni, Director at Fitch Ratings. However, it may even shrink once the telecom operator starts charging its customers, he added. “We think that Jio is adopting a very sound strategy of offering free voice and text services and free data till the end of March to help its subscriber base. They currently have 52-55 million subscribers and it could well increase to 100 million by end of March, but we will need to remember that these are free services,” Soni told BTVi in an interview.

All passengers released from Libyan plane in Malta, hijackers surrender

Hijackers claiming to have a grenade took over a Libyan plane Friday and diverted it to Malta before releasing everyone onboard and surrendering to authorities, officials said. Libyan foreign minister Taher Siala said the two hijackers were supporters of slain dictator Moamer Kadhafi and had requested political asylum in Malta. Siala, from Libya’s internationally backed Government of National Accord, said the hijackers have also said they want to set up a pro-Kadhafi political party.“Final crew members leaving aircraft with hijackers,” Maltese Prime Minister Joseph Muscat said on Twitter. After more than an hour on the tarmac, the door of the Airbus A320 opened and a first group of women and children were seen descending a mobile staircase. Dozens more passengers were released minutes later following negotiations that Maltese government sources said were led by the head of Malta’s military.

Updated: December 26, 2016 — 7:42 am

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