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Key Indian equity indices open in green

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The key Indian equity market indices on Thursday opened higher despite muted trend of global markets amid trade war leaving financial markets in a state of uncertainty.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,645.40 points on Wednesday, opened higher at 35,703.17 points.
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Minutes into trading, it was quoting at 35,647.34 points, up by 1.94 points, or 0.01 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,769.90 points on Wednesday, was quoting at 10,767.10 points, down by 2.80 points or 0.03 per cent.

Expectation of a healthy rural demand on the back of the government’s enhanced farm sector support had buoyed the key Indian equity indices on Wednesday.
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Additionally, positive economic data on services sector and healthy buying in automobile and banking sector stocks pushed the indices higher, despite broadly negative global cues.

The Sensex was up by 266.80 points or 0.75 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 35,667.31 points and a low of 35,309.67 points. The Nifty, too, was up by 70 points or 0.65 per cent.
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On Thursday, Asian indices were showing a negative trend. Japan’s Nikkei 225 was quoting in red, down by 0.71 per cent while Hang Seng was down by 0.66 per cent, South Korea’s Kospi was also down by 0.52 per cent. China’s Shanghai Composite index was trading in red, down by 0.63 per cent.

Overnight, FTSE 100 closed in red down by 0.27 per cent on Wednesday.

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CIC direct authorities to reveal how much Rs 2000, Rs 500 notes printed till yet

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Demonetization, Central Information Commission, Rs 2000, Rs 500, Right To Information, RTI, Business news

Gurugram: The Central Information Commission (CIC) has directed authorities to reveal how many Rs 2,000 and Rs 500 notes were printed daily after demonetization till November 30, 2016, an RTI activist said on Saturday.

 

Demonetization, Central Information Commission, Rs 2000, Rs 500, Right To Information, RTI, Business news

 

Gurugram-based Right To Information (RTI) activist Harinder Dhingra had sought the information regarding the number of notes printed daily from November 9, 2016 to November 30, 2016.

Dhingra applied for the information through RTI Act on February 23, 2017.

 

Demonetization, Central Information Commission, Rs 2000, Rs 500, Right To Information, RTI, Business news

 

The Central Public Information Officer (CPIO) earlier refused to share the information, Dhingra told media persons. The second appeal was filed on August 16, 2017.

 

CIC ask authorities to reveal how many Rs 2,000 and Rs 500 notes printed till now:

 

Dhingra said that after a hearing on November 30, 2018, Information Commissioner Sudhir Bhargava on December 5, 2018 issued an order to provide the information.

 

Demonetization, Central Information Commission, Rs 2000, Rs 500, Right To Information, RTI, Business news

 

“Number of notes printed on daily basis from November 9, 2016 to November 30, 2016 was not so sensitive as to attract the exemption provisions under section 8(1)(a) of the RTI Act, therefore CPIO has been directed to provide the information sought,” the order read.

 

Demonetization, Central Information Commission, Rs 2000, Rs 500, Right To Information, RTI, Business news

 

Orders on banning the then existing Rs 1,000 and Rs 500 notes were implemented from the midnight of November 8, 2016.

 

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