It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet today and will be sent to the President for his sign-off; Suresh Kalmadi has declined the post of Life President of the Indian Olympic Association (IOA), his lawyer told NDTV on Wednesday. Mr Kalmadi and Abhay Chautala, both politicians charged with corruption, were appointed as Life Presidents on Tuesday evening, leading to major controversy with the Union Sports Ministry warning that it will sever ties with the association unless they are removed; Rahul Gandhi today listed five questions for Prime Minister Narendra Modi on the notes ban and its impact on the people. Hours later the ruling BJP accused Congress of not acting on the Supreme Court's directives to crack down on black money; all this and more in our news wrap of the day.
