Monthly Archives: October 2018

IL&FS debt imbroglio puts diamond trade on the edge

Suppliers keen on assurance from clients on payment obligations The payment default by some Infrastructure Leasing & Financial Services (IL&FS) group entities and the resultant debt overhang has, in its wake, reportedly created a panic reaction in the diamond market as members of the diamond trade are known to be …

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‘Kim wants Pope to visit North Korea’

North Korean leader Kim Jong-un wants Pope Francis to visit the officially atheist country, South Korea said on Tuesday. South Korea’s presidential office said in a statement that Mr. Kim told President Moon Jae-in during their summit last month that the Pope would be “enthusiastically” welcomed in North Korea. Mr. …

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U.S. seeks Pak. help on Afghanistan

Washington’s newly named point man tasked with finding a peaceful end to Afghanistan’s 17-year war is in Pakistan to seek help from the new government in Islamabad in bringing the Taliban to the negotiating table, the U.S. Embassy said on Tuesday. A former U.S. Ambassador in Kabul, Zalmay Khalilzad arrived …

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‘Migrants’ role critical for economy’

Congress president Rahul Gandhi on Tuesday said violent attacks on migrant workers in Gujarat were because of the frustration among unemployed youth and asserted that the migrant workforce is ‘critical’ for economic growth. He said the Vijay Rupani government had failed to stop the violence against North Indian workers. “Across …

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‘Titli’ puts coastal Odisha on high alert

Cyclonic storm likely to intensify Several coastal districts of Odisha have been put on high alert as the cyclonic storm ‘Titli’ is expected to intensify into a severe cyclonic storm in the next 24 hours. As a precautionary measure, the State government has ordered the closure of all educational institutes …

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Indian roads claim more cyclists

Pedestrians and cyclists suffered the biggest spike in fatalities in road accidents across the country in 2017, even as overall fatalities in road accidents and the total count of such incidents declined marginally. According to the Ministry of Road Transport and Highways’ annual report on road accidents, the total number …

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Army sets its sights on future

Commanders conference to finalise radical measures to right-size the force The week-long biannual Army Commanders conference began here on Tuesday in which the service is keen to finalise several radical measures to right size the force and optimise the ballooning revenue expenditure. “As part of the conclave, commanders and directorates …

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Demand on MSP fulfilled, says PM

Unveils 64-foot statue of Jat leader Sir Chhotu Ram, credited with working for the uplift of farmers Prime Minister Narendra Modi on Tuesday said his government had fulfilled the long-pending demand of farmers by considerably increasing the Minimum Support Price of around two dozen crops recently and was working towards …

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