Daily Archives: December 6, 2018

Naxalite ‘revolution’ crushed, claims police

Police sources here [Calicut] said to-day [December 5] that they could now state that the forest areas of Pulpalli, Tirunelly and Kottiyur had been cleared of most of the terrorists. Peace had been restored in the area and the so-called Naxalite ‘revolution’ had been crushed, they said. According to these …

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Flying into losses

What is the crisis? The three main publicly listed airlines in the country — IndiGo, SpiceJet and Jet Airways — slipped from profitability to steep losses in the first nine months of the current calendar year. These airlines together account for 70% of the domestic market share. Why are they …

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The Taiwan card

The huge gains for the opposition Kuomintang, or the Chinese Nationalist Party, in Taiwan’s local elections may help in gradually improving the island’s ties with mainland China. Equally, the adverse results in some of its strongholds could complicate matters for the ruling Democratic Progressive Party government ahead of the 2020 …

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Colombo’s perceptions

There are no winners in the political crisis in Sri Lanka. President Maithripala Sirisena, whose actions triggered the crisis, Mahinda Rajapaksa, who as Prime Minister lost two confidence votes, and Ranil Wickremesinghe, former Prime Minister who enjoys majority support in Parliament, are locked in a draw. A ringside view Against …

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A valid pause

The Reserve Bank of India’s decision to leave interest rates unchanged, given easing inflation and the slowdown in economic momentum, was both expected and reasonable. In fact, the RBI was prompted to sharply lower its projection for price gains after an unexpected softening in food inflation and a collapse in …

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Hues of a new political landscape

The president of the Bharatiya Janata Party (BJP), Amit Shah, while addressing a national executive meet in New Delhi in September said that the party would continue to remain in power for the next 50 years if it won the 2019 general election. From ruling seven States in 2014, the …

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United colours of the ‘yellow vests’

The sight of flaming barricades and upturned cars in Paris usually sends journalists scurrying to their cliché cupboard. For historically literate commentators, current events in France evoke the storming of the Bastille and the Paris Commune. For the politically minded, they seem more akin to the Popular Front of 1936 …

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From a manifesto to a movement

The author acknowledges in his new book, Modern South India: A History from the 17th Century to Our Times , that part of the pull to write a history of the region was the “South Indianness” of his mother, Lakshmi Devadas Gandhi. In his four-centuries-long story, from 1600 to modern …

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‘Cash Reserve Ratio not in MPC ambit’

In the post-policy interaction with the media, RBI Governor Urjit Patel declined to answer questions on the issues of RBI autonomy and rift with the government. You have given some hope on interest reversal, that is, in case the upside risks [to inflation] do not materialise. So when will the …

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IRD market: draft NRI norms on participation issued

Move will permit flexible hedging of rupee interest rate risk The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents’ participation in the interest rate derivative (IRD) market. The draft norms have proposed non-resident Indians’ (NRIs) access to the IRD market, allowing them to hedge their rupee interest …

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External benchmarks make an entry

Linking retail loans with external yardstick aimed at bringing in more transparency in pricing In a bid to bring in more transparency to loan pricing mechanism, particularly for small borrowers, the Reserve Bank of India (RBI) has asked banks to link the floating interest rate on retail loans and loans …

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Reserve Bank stands pat on rates

The Reserve Bank of India (RBI) has left the key interest rate or the repo rate unchanged at 6.5% during the fifth bimonthly monetary policy review on Wednesday — which was on expected lines — while maintaining the ‘calibrated tightening’ stance though it reduced the inflation projection sharply. All the …

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Indian-origin woman appointed head of SAfrica’s prosecuting authority

Indian-origin lawyer Shamila Batohi has been appointed to head South Africa’s prosecuting authority, the first woman to head the agency. She will start her new role as the National Director of Public Prosecutions in February 2019. Source  : https://www.thehindu.com/todays-paper/tp-international/indian-origin-woman-appointed-head-of-safricas-prosecuting-authority/article25675657.ece

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‘We will also develop banned N-weapons’

President Vladimir Putin on Wednesday dismissed U.S. claims that Russia is violating a major Cold War treaty limiting mid-range nuclear arms. The tense rhetoric comes a day after Secretary of State Mike Pompeo said Washington would withdraw from the Intermediate-Range Nuclear Forces treaty (INF) within 60 days if Russia does …

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