The year 2016...

The year 2016 was full of events. The US presidential election was pushed back by the "Modi Magic" - demonitaisation of high value Indian currency notes.
Historical win in French open by Djkovic, Elected parliment in Myanmar after 50years, world's longest at 57km tunnel railroad inSwiss, Mother Teresa declared saint, Irom Sharmila ends her hungerstrike after 16 years,etc., everything you know. I have compailed few chosen events of 2016 and presentted here in few pages in the datewise chronological order.

Happy Newyear 2017...

Jan 23: 2016 Blizzard delivers record snow to 50 US states, New York 30 inches of snow. Washington 28 inches at least 15 killed

Jun 23 :United Kingdom votes to leave the European Union in their "Brexit" referundum

Jan 23: 2016 Blizzard delivers record snow to 50 US states, New York 30 inches of snow. Washington 28 inches at least 15 killed.

A blizzard with hurricane-force winds has brought much of the US East coast to a standstill, dumping as much as 3ft (90cm) of snow, stranding tens of thousands of travellers and shutting down Washington and New York City. An estimated 80 million people across 20 states are facing a second day of being effectively trapped inside due to heavy snow and dangerous conditions, which are expected to last until Sunday.
After days of weather warnings, most people in the storm's path heeded requests to stay home and off the roads, which were largely deserted. Yet at least 19 deaths were blamed on the weather, resulting from car crashes, shovelling snow and hypothermia. And there is more snow to come, forecasters warned. "This is going to be one of those generational events, where your parents talk about how bad it was," Ryan Maue, a meteorologist for WeatherBell Analytics, said from Tallahassee, Florida, which also got some flakes. The weather system was mammoth, dropping snow from the Gulf Coast to the northeastern New England states. By afternoon, areas near Washington had surpassed 30in of snow. The heaviest unofficial report was in a rural area of West Virginia, not far from Harper's Ferry, with 40in.
Ominous U.S. blizzard brings New York to standstill

A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways.

                              

Jun 23 : United Kingdom votes to leave the European Union in their "Brexit" referundum

The United Kingdom's withdrawal from the European Union is widely known as Brexit, a portmanteau of "British exit" Following a referendum held in June 2016, in which 52% of votes were cast in favour of leaving the EU, the UK government intends to invoke Article 50 of the Treaty on European Union, the formal procedure for withdrawing, by the end of March 2017. This, within the treaty terms, would put the UK on a course to leave the EU by March 2019. Prime Minister Theresa May, elected by the ruling Conservative Party in the wake of the referendum, has promised a bill to repeal the European Communities Act 1972 and to incorporate existing EU laws into UK domestic law. The terms of withdrawal have not yet been negotiated; in the meantime, the UK remains a full member of the European Union. The UK joined the European Economic Community (EEC), a predecessor of the EU, in 1973, and confirmed its membership in a 1975 referendum by 67% of the votes.


What is Brexit?
Brexit is an abbreviation for "British exit," which refers to the June 23, 2016, referendum whereby British citizens voted to exit the European Union. The referendum roiled global markets, including currencies, causing the British pound to fall to its lowest level in decades.
What is a referendum on the EU?
A referendum - a vote in which everyone (or nearly everyone) of voting age can take part - was held on Thursday 23 June, to decide whether the UK should leave or remain in the European Union.
What is Brexit all about?
It is a word that has become as a shorthand way of saying the UK leaving the European Union (EU) - merging the words Britain and exit to get Brexit. A referendum is being held on Thursday, 23 June, to decide whether Britain should leave or remain in the European Union.
What does Brexit mean?
It is a word that has become used as a shorthand way of saying the UK leaving the EU - merging the words Britain and exit to get Brexit, in a same way as a possible Greek exit from the euro was dubbed Grexit in the past.
Why is Britain leaving the European Union?
A referendum - a vote in which everyone (or nearly everyone) of voting age can take part - was held on Thursday 23 June, to decide whether the UK should leave or remain in the European Union. Leave won by 52% to 48%. The referendum turnout was 71.8%, with more than 30 million people voting.
What was the breakdown across the UK?
England voted strongly for Brexit, by 53.4% to 46.6%, as did Wales, with Leave getting 52.5% of the vote and Remain 47.5%. Scotland and Northern Ireland both backed staying in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted Remain and 44.2% Leave.
What has happened since the referendum?
Britain has got a new Prime Minister - Theresa May. The former home secretary took over from David Cameron, who resigned on the day after losing the referendum.
Like Mr Cameron, Mrs May was against Britain leaving the EU but she says she will respect the will of the people. She has said "Brexit means Brexit" but there is still a lot of debate about what that will mean in practice especially on the two key issues of how British firms do business in the European Union and what curbs are brought in on the rights of European Union nationals to live and work in the UK.
What about the economy?
The UK economy appears to have weathered the initial shock of the Brexit vote, although the value of the pound remains near a 30-year low, but opinion is sharply divided over the long-term effects of leaving the EU. Some major firms such as Easyjet and John Lewis have pointed out that the slump in sterling has increased their costs. Britain also lost its top AAA credit rating, meaning the cost of government borrowing will be higher. But share prices have recovered from a dramatic slump in value, with both the FTSE 100 and the broader FTSE 250 index, which includes more British-based businesses, trading higher than before the referendum. The Bank of England is hoping its decision to cut interest rates from 0.5% to 0.25% - a record low and the first cut since 2009 - will stave off recession and stimulate investment, with some economic indicators pointing to a downturn.
So when will Britain actually leave it?
For the UK to leave the EU it has to invoke an agreement called Article 50 of the Lisbon Treaty which gives the two sides two years to agree the terms of the split. Theresa May has said she intends to trigger this process by the end of March 2017, meaning the UK will be expected to have left by the summer of 2019, depending on the precise timetable agreed during the negotiations. Once negotiations officially begin, we will start to get a clear idea of what kind of deal the UK will seek from the EU, on trade and immigration. The government will also enact a Great Repeal Bill which will end the primacy of EU law in the UK. It is expected to incorporate all EU legislation into UK law in one lump, after which the government will decide over a period of time, which parts to keep, change or retain.
What about the court challenge to the Brexit process? A court challenge to Theresa May's right to trigger the Article 50 process without getting the backing of Parliament has been successful in the High Court. This means that there could be delays to starting the Article 50 process, but Downing Street is appealing to the Supreme Court with a hearing starting on 5 December. The hearing is set to run until Thursday December 8. In an unprecedented move, all 11 Supreme Court justices will sit on the case.(The justices will not give their verdict until January. ) Brexiteers and Remainers across Britain can watch an online livestream from the Supreme Court in Parliament Square London.

BREXIT Announcement
BREXIT Announcement: The UK is leaving the EU with 52% voting for leave and 48% for stay.

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Mr.M.Devaraja Reddy, President, Indian Institute of CA of India, explain the effect of Demonitaisation and Income tax.

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I have gathered and edited these stories , pictures and videos from various media sources and from websites.
I trusted the authenticity of these stories and I am not responsible for them. Some of the stories would have the further developments thereon, but I quoted as it happened on that date like a diary note.
This is an acknowledgement and a disclaimer.

BREXIT:
What is the European Union?

The European Union - often known as the EU - is an economic and political partnership involving 28 European countries (click here if you want to see the full list). It began after World War Two to foster economic co-operation, with the idea that countries which trade together are more likely to avoid going to war with each other.
It has since grown to become a "single market" allowing goods and people to move around, basically as if the member states were one country. It has its own currency, the euro, which is used by 19 of the member countries, its own parliament and it now sets rules in a wide range of areas - including on the environment, transport, consumer rights and even things such as mobile phone charges.

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TENNIS....
The Death of the One-Handed Backhand Tennis.....The one-handed backhand has all but disappeared. Stan Wawrinka, may be the man to save it.Watch Video(click here)
Stan Wawrinka, (Swiss) is 2014 Australian Open champion and three times winner of Chennai Open (ATP).. (thanks NYTimes)


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