- The Kerala High Court upheld the liquor policy of the State government, but allowed bars in four-star and heritage hotels to function in addition to those in five-star and higher categories.
- Switzerland said information exchanged under the Swiss-India tax treaty cannot be disclosed “in principle” to a court or any other body outside the proceedings of a “specific and relevant” case.
- Sweden officially recognised the state of Palestine, becoming the first western European Union member to do so, in a move the Palestinians hailed as “historic” and Israel denounced as “deplorable.” Seven EU members in Eastern Europe and the Mediterranean have already recognised a Palestinian state — Bulgaria, Cyprus, the Czech Republic, Hungary, Malta, Poland and Romania. Non-EU member Iceland is the only other western European nation to have done so.
- Tim Cook became the most high-profile business CEO to come out as gay.
- WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock now worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.
- The Reserve Bank of India has raised the limit for urban co-operative banks (UCBs) to sanction loan against gold collateral to Rs.2 lakh from Rs.1 lakh at present.
Credits: The Hindu, Google.
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