India’s central bank tightened cash deposit rules on Monday, just days before the demonetisation deadline, saying individuals can bank over 5,000 rupees ($73.83) of old notes only once until Dec. 30.However, the central bank in a circular said that any deposit above 5,000 rupees would be subject to questioning by two bank officials and the explanation should be kept on-record in case of scrutiny at a later stage.
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The European Central Bank warned there may be “excessive exuberance” in some European housing markets, driven in part by foreign buyers, that could spread to other areas in a “ripple effect.” Since 2010, house prices in European capital cities have risen far more than national averages, central bank said. Source Irish Times
U.S. President Donald Trump’s White House wants to sell half of the nation’s emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years. The White House budget, is meant as a proposal and may not take effect in its current form. But it reveals the administration’s policy hopes, which include ramping up American energy output. Source Reuters
China’s population could have 90 million fewer people than previously believed, and may already have been overtaken by India as the world’s most populous country, independent researchers said Monday. Yi Fuxian, a researcher at the University of Wisconsin-Madison, suggested that China’s actual population may have been 1.29 billion last year. Source The Time