Daily Archives: September 11, 2018

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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U.S. to close Palestine mission in Washington

Trump seeks to force an ‘ultimate deal’ The United States has decided to close the Palestinian mission in Washington in the latest move against them by President Donald Trump, a Palestinian official said on Monday, denouncing it as a “dangerous escalation”. The closure comes as Mr. Trump seeks to force …

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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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Swedish election yields a hung assembly

Neither of the two mainstream blocs can form a government on their own as far-right party makes major gains Sweden faced political deadlock on Monday after the far-right made gains in legislative elections that left the question of who will form the next government up in the air. As expected, …

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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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Reduce VAT on fuel: Kamal Nath to Madhya Pradesh government

Senior Congress leader raises demand after neighbouring Rajasthan reduced tax on petrol, diesel on Sunday Madhya Pradesh Congress president Kamal Nath on Monday demanded that the State government reduce VAT on fuel two times of what has been done in neighbouring Rajasthan. Rajasthan Chief Minister Vasundhara Raje had on Sunday …

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