Five must-read stories—December 16

What if the bank deposits exceed the amount that was immobilised on November 8?

Speculation has been rife that deposits in banks by 30 December—the deadline for depositing the old ₹500 and ₹1,000 notes—may exceed the amount that was immobilised. If this were to happen, it could only mean that counterfeit notes have made their way back into the banking system and that would hit the balance sheets of banks, says TheQuint.com.

Amit Shah loses temper as party leaders say demonetisation could cause a backlash

BJP president Amit Shah on Tuesday lost his temper at a party meeting when many party leaders expressed their misgivings on the demonetisation decision. According to Scroll.in, what irked Shah in particular was when some leaders said that the party might not have faced such a serious crisis had Modiji gone in for wider consultations before taking the decision.

You will have no place to go but jail, Supreme Court warns BCCI chief Anurag Thakur

The Board of Control for Cricket in India (BCCI) chief Anurag Thakur and his top colleagues appeared to be heading towards the exit door. The Supreme Court on Thursday held Thakur "prima facie" guilty of committing the twin offences of contempt of court and perjury to sabotage the court's order to clean up the cricket board, reports The Times of India.

RBI imposes restrictions on withdrawal from certain bank accounts

Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank of India on Thursday imposed certain restrictions on withdrawal if more than ₹2 lakh has been deposited after November 9 in an account which has a balance of over ₹5 lakh. A PTI report in the Economic Times.

Nalanda University was spread over a much larger area, show satellite images

The ancient Nalanda Mahavihara was spread over an area six times more than the present 1.8 sq km excavated ruins that was declared a Unesco World Heritage site earlier this year, satellite images and geographic information system (GIS) data reveal. The university had its own water supply system via a 10 km channel drawn from the Panchane river, says The Telegraph.