Cash from petrol pumps to Tata Sons board meeting: 5 key developments

In other news, India ranks 20th in Climate Change Performance Index

Business Standard brings to you a list of five key developments across the country.

Cyrus Mistry avoids face-off

Escalating the legal battle with the Tata group, Cyrus Mistry, the ousted chairman of Tata Sons, skipped the board meeting of the Tata group’s holding company on Thursday, saying it was “illegal” and not chaired by a legal chairman. The meeting, held at Bombay House in the afternoon, was chaired by Ratan Tata who was appointed interim chairman of Tata Sons on October 24, replacing Mistry.

Petrol pumps to provide Rs 2,000 a day

In a move that may give some relief to the currency crunch of common man, oil marketing companies in tie up with State Bank of India (SBI) has decided that by swiping debit cards at 2,500 fuel retail outlets across the country, people will be able to withdraw Rs 2,000 per day from November 24.   

Taxman to track social media

Don’t be surprised if you get a notice from the income tax (I-T) department for flaunting an expensive watch or car on social media platforms such as Facebook, Twitter or Instagram. I-T department’s Project Insight, to be launched in the 2017-18 financial year, aims to mine big data from social media to scrutinise potential tax evaders.

Bill Gates keen to work with govt on e-payments

Aiming to work with the Indian government on various issues, including e-payments, digital health, digital literacy and e-agriculture in India, Bill Gates, US business magnate, philanthropist and Microsoft founder met Minister of Information Technology, Law and Justice Ravi Shankar Prasad. From cyber security to social issues, Gates wants to partner with the Indian government on a number of initiatives.

India ranks 20th in Climate Change Performance Index

India has been ranked 20th on Climate Change Performance Index (CCPI) 2017, which underlined that countries like India are making "great efforts" in the fields of renewables and energy efficiency. With the historic Paris Agreement having recently entered into force, the latest CCPI confirms a boost for renewable energy and positive developments in energy efficiency.