A parliamentary committee is examining the government's decision to scrap high-value bank notes, and has sent the country's central bank governor a list of questions on the demonetisation process. It has asked him to appear before it on Jan. 20. In the meantime, PM Modi made a public speech saying that the 'high priests of black money' have opposed him on demonetization. 

Maruti Suzuki reported its sales numbers for December today, which showed a marginal decline in sales by 0.4% compared to December last year, as customers postpone purchases amid the cash crunch. The biggest drop was in the sales of Altos and Wagon Rs, while sales of SUVs, more than doubled compared to last December.

Stock in spotlight: BEML tops the gainer stocks today, up 15.8% since market open. The Cabinet Committee on Economic Affairs has given in-principal approval for the disinvestment of 26 per cent of the government's 54.03 per cent equity stake in the company. 

Photo of the day: A life size model of a dinosaur covered in snow in Romania. Vadim Ghirda/AP