Daily Archives: September 11, 2018

Where goes the rupee?

The travails of the rupee have dominated newspaper headlines over the last fortnight. Its value has fallen precipitously against the dollar, and is now hovering around the 72 level; it was just under 64 at the beginning of the year. There is now intense debate in the media on whether …

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Opinion

The one who reached out to China In the evolution of India-China ties, Atal Bihari Vajpayee’s contribution was seminal India-China relations have come a long way from the period of enmity and bitterness that followed the 1962 war. True, they have not returned to the cheery days of Hindi Chini …

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New device may help treat dizziness

It analysed bone conduction sounds Scientists have developed a new vibrating device that is placed behind a patient’s ear to diagnose dizziness, and offers significant advantages over the current tests. Researchers from Chalmers University of Technology in Sweden developed the testing device using bone conduction sounds. Issues with balancing Hearing …

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Seven countries at risk of exchange rate crises: Nomura

Seven countries, including Sri Lanka, Pakistan and Turkey, are at risk of exchange rate crises as investors re-assess their risks following the contagion in Argentina and Turkey, a new index by Nomura says. According to the global financial services major, emerging markets are under pressure as investors reassess the risks …

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Global trade war sends stocks into a free fall

Sensex drops 500 points intraday A combination of global and domestic factors affected investor sentiment on Monday with the benchmark indices registering their biggest single-day fall in almost six months. While renewed concerns over an escalation of trade war between the U.S. and China pulled down global markets, the domestic …

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India may overtake China in farmed shrimp production

‘Many producers planning to expand capacity’ India is set gain the top slot in farmed shrimp production, overtaking China in 2019-20, said Ravi Kumar Yellanki, president, Society of Aquaculture Professionals. “We have already overtaken China in shrimp exports last year but are on par with regard to farmed shrimp production. …

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RBI intervenes as rupee breaches 72.5 to dollar

Currency among worst performers in emerging markets; widening current account deficit weighs, more rate hikes may be on the cards The rupee breached 72.5 a dollar on Monday and touched all-time low of 72.67 intraday as the current account deficit widened to five- year high in the first quarter of …

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CPEC to consider Pak. social sector priorities

‘We will prioritise livelihood projects and extend them to western Pakistan’ China and Pakistan are looking afresh at projects under the China-Pakistan Economic Corridor (CPEC), in tune with Prime Minister Imran Khan’s focus on development of social infrastructure. “China will give more assistance on a priority basis to such areas …

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Changes in ASI Act opposed

Historians have vociferously opposed changes to the Ancient Monuments and Archaeological Sites and Remains Act, 1958, which proposes to allow the construction of Centre-approved public infrastructure within a 100 metre radius of Archaeological Survey of India (ASI)-protected monuments at a Parliamentary panel’s meeting held on Monday. Historians Nayanjot Lahiri, Narayani …

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SC poser to judge on Babri trial deadline

The court said Mr. Singh should face charges as soon as he ‘ceases’ to be Governor. In its 40-page judgment in April 2017, the Supreme Court had invoked its extraordinary constitutional powers under Article 142. It had evoked the maxim — ‘Let justice be done though the heavens fall.’ Besides …

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Fuel prices continue the upward march

The state-owned oil marketing companies again increased the price of petroleum products such as petrol and diesel in the country on Monday, with Mumbai paying the highest among the four major metros. Petrol costs Rs. 88.12 a litre and diesel Rs. 77.32 in the city, according to the daily price …

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