Daily Archives: August 15, 2018

Rubber futures to trade on MCX

The Multi Commodity Exchange of India (MCX), the country’s largest commodity exchange in terms of market share, will commence trading in rubber futures contracts from August 16. The new contract is aimed at offering a hedging solution to participants in the rubber value chain, including growers, traders, exporters, importers and …

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‘Falling rupee positive for growth of inbound tourism’

Will however be a ‘negative’ for outbound tourists: industry The sharp depreciation of the rupee against major currencies will help inbound tourism to grow while outbound travel will be hit. “A weakened rupee has made India a cheaper foreign destination,” said Subhash Goyal, Chairman, Assocham Tourism Committee. “We expect inbound …

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Rupee breaches 70 against dollar for the first time

The rupee breached the psychological barrier of 70-to-a-dollar for the first time as the sharp fall in the Turkish lira continued to affect all emerging market currencies. The rupee had a strong opening against the dollar at 69.85, but fell sharply to breach the 70-mark and went on to depreciate …

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U.K. group slams Indian IT firms

Says companies exploiting a ‘gaping’ loophole in Britain’s immigration system A lobbying group, which pushes for greater curbs on Britain’s immigration regime, has accused multinational IT companies, “typically based in India”, of exploiting a “gaping” loophole in Britain’s immigration system, and has called for the system to be overhauled. Tier …

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Launch of health scheme likely

The Ayushman Bharat-National Health Protection Scheme (AB-NHPS), likely to be launched on Wednesday, aims to provide a medical coverage of Rs. 5 lakh a family every year. The scheme, estimated to benefit more than 10 crore poor families, will be implemented on a pilot basis in select States. The nationwide …

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Saudi Arabia forced to act: Saud Al Sati

It is important to understand that the Saudi Arabia-led military coalition is providing military assistance to Yemen based on an official request from its internationally recognised government headed by President Hadi to counter the violence of the Houthi terrorist groups. The UN Security Council, in its Resolution 2216, imposed an …

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Jaipur man back from Pak. after 36 yrs

68-year-old Gajanand Sharma reunites with family after his release from Lahore jail ahead of I-Day After spending 36 years in Lahore’s Kot Lakhpat jail, Gajanand Sharma, a labourer from Jaipur’s Samod area, returned home to a tumultuous welcome on Tuesday night, bringing solace to his wife, sons and grandchildren who …

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EC procuring EVMs, VVPATs for 2019 polls

Simultaneous elections are not possible without a legal framework as any extension or curtailment of the term of Assemblies will require a constitution amendment, Chief Election Commissioner O.P. Rawat said on Tuesday, a day after the BJP made a fresh push to hold Lok Sabha and Assembly polls together. In …

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