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India to phase out 2,000 note after dud demonetisation drive

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India’s central bank has announced that it will start withdrawing 2,000-Rupee notes from circulation, although they will remain legal tender.

People will be asked to deposit 2,000-Rupee banknotes in their bank accounts or exchange them for smaller denominations between May 23 and September 30, the Reserve Bank of India said. They will be be able to exchange up to 20,000 Indian Rupees at a time to avoid inconveniences and chaos.

The Rs. 2,000 denomination banknote was introduced in November 2016, mainly to meet the currency requirement of the economy after the withdrawal of all Rs. 500 and Rs. 1,000 banknotes in circulation at that time.

The RBI said that the objective of introducing Rs. 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities.

About 89 per cent of the Rs. 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years.

It has also been observed that this denomination is not commonly used for transactions.

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Saudi Arabia to Host 2034 FIFA Men’s World Cup; 2030 edition to span three continents

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World soccer’s governing body, FIFA, has confirmed that Saudi Arabia will host the men’s FIFA World Cup in 2034, while the 2030 tournament will be held in Spain, Portugal, and Morocco, with special celebratory matches in three South American countries. The announcement was made on Wednesday by FIFA President Gianni Infantino following an extraordinary virtual Congress.

Both tournaments were awarded through uncontested bids and confirmed by acclamation. “We are bringing football to more countries, and the number of teams has not diluted the quality. It has actually enhanced opportunities,” said Infantino, highlighting the expanded global reach of the tournament.

The 2030 World Cup will be a landmark event, taking place across six nations and three continents. Morocco, Spain, and Portugal will serve as the primary hosts, while Uruguay, Argentina, and Paraguay will hold celebratory matches to mark the centenary of the inaugural World Cup, hosted by Uruguay in 1930.

While Argentina and Spain have previously hosted the tournament, Uruguay will host again for the first time in a century. Portugal, Paraguay, and Morocco will join the World Cup’s history as first-time host nations.

In 2034, Saudi Arabia will become the second Middle Eastern nation to host the FIFA World Cup, following Qatar’s 2022 edition. This milestone further cements the region’s growing influence in the world of football.

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Ring in the New Year on Dubai’s waters: Abra, Taxi & Ferry with Atlantis views

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As Dubai residents and tourists gear up to celebrate New Year, they can ring in 2025 with celebrations in the waters of the emirate.

The Roads and Transport Authority in Dubai has announced special offers and exclusive services during the New Year’s Eve, December 31, 2024, on marine transport means including the Dubai Ferry, the Abra, and the Water Taxi.

Passengers can enjoy views of the Burj Khalifa, Bluewaters, Atlantis, Burj Al Arab and Jumeirah Beach Towers. Residents can cruise into 2025 aboard the Dubai Ferry, Water Taxi, and Abra, with the backdrop of the Dubai coastline, adorned with hotels, heritage areas and landmarks such as The World Islands.

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Nicholas Pooran highlights growing competitiveness of ILT20

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The third season of the DP World International League T20 is on the horizon with the star West Indies batter Nicholas Pooran among the players preparing to dazzle as the MI Emirates get their title defence underway on Saturday, 11 January in Dubai. The tournament’s growing reputation for competitiveness and its role as a platform for UAE players to develop have captured the attention of cricket fans globally. Pooran, who led MI Emirates to glory in the previous season, is determined to make an impact once again.

Sharing his thoughts on the season ahead, Pooran remarked, “It’s nice to be back for the third season of the DP World ILT20. We’re really looking forward to this season. We’re hoping to do our best again this year and try to retain the title, but there’s a lot of hard work ahead for me and the team to make that happen.”

Reflecting on the competition’s intensity, the explosive left-hander added, “Each year, I feel the quality of the tournament keeps improving. The DP World ILT20 is doing a better job every single year. I think competitiveness is important and it feels like international cricket with nine overseas players and two UAE guys.”

Pooran also acknowledged the role of the DP World ILT20 in nurturing cricketing talent in the UAE. “Tournaments like this are crucial for developing UAE cricketers as well. It’s a fantastic opportunity for them to learn from some of the best in the business,” he noted.
As the second highest run scorer last season, Pooran struck 31 sixes, amassing 354 runs in ten innings at an enviable average of 50.57 and a strike rate of 170. On replicating his performance in the new campaign, he opined, “It’s obviously challenging.

Every year, every competition brings new challenges. Going into this season, preparation begins over the Christmas period. I’m working on getting my body back in shape, hitting a lot of balls, and getting my mind in the right place. When January comes, hopefully, I’ll have some luck on my side. You play each game on its merit—every game is a new opportunity, and it’s about doing what the team needs. So, let’s see how the new season goes.”

Another standout performer from MI Emirates last season was UAE’s Muhammad Waseem, whose aggressive batting saw him finish as the fourth-highest run-scorer in the tournament (DP World ILT20 Season 1 and Season 2 Blue Belt Winner – Best UAE Player). Waseem tallied 321 runs in 12 innings, showcasing his flair and consistency. Pooran praised the opener, highlighting him as an example of UAE’s cricketing potential.

“There are a lot of talented players in the UAE. I’ve played with Waseem over the years, and he has been incredible right from when he got his chance. He seized that opportunity, and he’s been brilliant for us with MI in both seasons. He’s one of my favourites, for sure. I hope he continues to do great things for himself and his family,” Pooran stated.

Signing off with a message to the fans, the 29-year-old expressed his gratitude, saying, “We have passionate fans, not just here but in India and across the world. Hopefully, we can keep putting smiles on their faces and bring more titles to them.”
The third season of the DP World ILT20 will run from 11 January, to 9 February 2025

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