A look at the headlines in the sector right now:
- Union Cabinet approves privatisation of Air India: IndiGo airline is said to have shown interest in buying stake in the debt-ridden state carrier.
- Forty-three of 55 McDonald’s outlets in Delhi to close today, say reports: This is because of a protracted legal fight between the restaurant chain and former managing director of CPRL, Vikram Bakshi.
- Cabinet approves 7th Pay Commission recommendations, raises medical allowance for pensioners: The move will benefit more than 47 lakh central government employees.
- Congress to boycott the GST launch at Parliament on Friday at midnight: With this, the party has joined Mamata Banerjee’s Trinamool Congress Party in giving the event a miss.
- India worst affected by Petya ransomware attack in Asia Pacific region, says report: Ukraine, the US, Russia, France and the UK are the five countries most affected by the cyber attack.
- The Reserve Bank of India has started printing Rs 200 notes, says report: The apex bank has not yet commented on the report that quoted two unidentified officials.
- India first nation to donate $1 lakh to UN fund that helps developing countries discuss tax matters: The international body has been calling for voluntary contributions to the fund since 2006 under the Addis Ababa Action Agenda.
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