Daily Archives: August 20, 2018

Australia ramps up aid to farmers as drought bites

Financial aid for drought-stricken Australian farmers will be increased to Aus $1.8 billion as they endure the driest conditions in half a century, the Prime Minister said on Sunday. Farmers in eastern states are struggling with extreme aridity that has turned green pastures into dust, with the economies of local …

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Mysterious ocean giant sighted

The sight of a basking shark’s brooding silhouette gliding through the waters off western France is more than just a rare treat for sailors — it is a boon for scientists trying to trace its secretive migrations across the globe. It may be the world’s second largest fish, growing to …

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‘Clean banking is new normal’

The ‘clean banking’ drive has started showing results with public sector banks (PSBs) increasingly adopting prudent business approach, replacing aggressive lending practices, said Financial Services Secretary Rajiv Kumar. “The NPA crisis brought an opportunity for the introduction of responsible and responsive banking. All the PSBs, which [collectively] have about 75% …

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What does the falling rupee mean for you and economy?

With the rupee recently weakening past Rs. 70 to a dollar and hovering about that level since, concerns over the impact of the devaluation on economic indicators are intensifying. Here is what happens when the rupee falls: What happens to inflation? One of the first visible effects of currency depreciation …

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Ghani offers Taliban a new ceasefire

Afghan President Ashraf Ghani declared a provisional three-month ceasefire with the Taliban in a televised broadcast on Sunday, but said the truce would hold only if the insurgents reciprocated. The announcement followed a bloody week of fighting across Afghanistan which saw the Taliban launch a massive assault against the provincial …

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Rajapaksa keen on a third term

Among other things, the 19th Amendment to Sri Lanka’s Constitution, passed three months after Mr. Rajapaksa was unseated in January 2015, revived a clause in the 1978 Constitution that said: “No person who has been twice elected to the office of President by the People, shall be qualified thereafter to …

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50,000 mt of foodgrain released

The Centre has released 50,000 metric tonnes of rice and wheat to help Kerala tackle the flood situation, with a promise to release additional quantities soon. It has also made arrangements to airlift 100 metric tonnes of pulses by Monday with additional quantities to be sent by train. An official …

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