An Indian scientist in the U.K. is working on a way to grow crops in arsenic-contaminated soil, a study which is likely to have wide ranging impact for farmers in northeastern India. Dr. Mohan T.C., from Dr. Alex Jones Laboratory at the School of Life Sciences at the University of …
Read More »Daily Archives: December 6, 2018
In a first, baby born using uterus from a dead donor
In a medical first, a mother who received a uterus transplant from a dead donor gave birth to a healthy baby, researchers reported on Wednesday. The breakthrough operation, performed in September 2016 in Sao Paulo, Brazil, shows that such transplants are feasible and could help thousands of women unable to …
Read More »Govt to clear fertiliser subsidy arrears of Rs 10K cr by March: Gowda
Fertiliser subsidy arrears to the industry have come down by 75% to Rs. 10,000 crore in the last four years and the outstanding amount is expected to be cleared by the end of this fiscal year, Union Chemicals and Fertilisers Minister Sadananda Gowda said Wednesday. The Central government will also …
Read More »‘RBI ready to stand as lender of last resort’
Reserve Bank of India Deputy Governor Viral Acharya assured that the central bank was ready to stand as the lender of last resort in the context of liquidity needs of the non-banking finance sector. At the same time, Mr. Acharya said the present situation did not warrant any drastic steps …
Read More »‘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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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
Read More »‘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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