India: short term effects of rupee demonetisation could hit outbound market

On November 8, the government announced that the ₹500 and ₹1,000 notes – the two largest value bank notes in the currency – will no longer be legal tender, with almost immediate effect. “Eventually it’s going to be more positive. On the shorter term it’s going to be a little bit negative” The decision was made by Prime Minister Narendra Modi with the aim of ridding the country’s economy of ‘black money’, counterfeit notes, and corruption. A new ₹500 note and a ₹2,000 note will be introduced into circulation soon. India…

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UK’s Osborne warns voters of Brexit’s permanent hit to economy

  British finance minister George Osborne told voters that leaving the European Union would cost them thousands of pounds a year and sap funding for public services because it would do permanent damage to the country’s economy. In a move likely to grab the attention of many Britons, who remain split on whether to stay in the bloc, Osborne pointed to Treasury figures which said breaking away could cost each household 4,300 pounds ($6,100) a year by 2030. Three days after official campaigning began for the EU membership referendum on…

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Britain’s schools ‘hit by sexting epidemic involving children as young as 12’

Tens of thousands of children have been caught sharing sexual imagery online over the last three years Rex Britain’s school children are experiencing a “sexting crisis”, according to a newspaper investigation. Tens of thousands of children have been caught sharing sexual imagery online over the last three years, leading the Government and child-protection groups to call for compulsory sex education classes at schools. The investigation, by The Times, included 50 schools and found that a third of all cases involved children aged 12 and 13. More than one in ten…

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