The News Mug
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Headlines are : 1. Foreign direct investments (FDI) in the country more than doubled to $4.66 billion in May from $2.21 billion a year earlier.The Telegraph!
2. RBI imposed a penalty of Rs 25 lakh on Citibank for violating "know your customer" and anti-money laundering norms while opening accounts that led to a 400-crore fraud at one of its branches in Gurgaon.Economic Times!
3. A British company is bringing back its outsourced work to the UK after it realised that outsourcing it to India is no longer cheaper than doing the same work here. Economic Times!
4. Rickshaws in New Delhi are set to be fitted with satellite navigation devices with the aim of cutting down disputes about drivers' pay and journey fares.Metro!
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