Yearly Archives: 2018

We need a pro-liberty judicial approach

The judiciary is deviating from its own precedents in terms of civil liberties Article 21 of the Constitution places the personal liberty of citizens on the highest pedestal, and so it is the duty of our courts to protect it. However, two recent decisions of the Supreme Court suggest that …

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Another warning on warming

The new IPCC report makes it clear that the path forward offers no simple or easy solutions The Intergovernmental Panel on Climate Change (IPCC) has just released a special report on global warming of 1.5°C over pre-industrial temperatures. Produced speedily, it provides details on how the global response to climate …

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Salvaging a strategic partnership

The India-Russia dialogue should not get inextricably entangled in the India-U.S. dialogue At their meeting in Goa at the India-Russia annual summit, in October 2016, Prime Minister Narendra Modi quoted a Russian proverb to Russian President Vladimir Putin: “An old friend is better than two new ones.” It was a …

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Tiny device helps nerve growth

Scientists say they have developed the first bioelectronic medicine — an implantable, biodegradable wireless device that speeds nerve regeneration and improves the healing of a damaged nerve. Researchers at the Washington University in the U.S. developed a device that delivers regular pulses of electricity to damaged peripheral nerves in rats …

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Ancient Mayans produced salt: study

Evidence shows that the civilisation also stored and traded the commodity Salt may have been a valuable commodity for the Mayans, say scientists who found that the ancient civilisation produced, stored and traded the mineral over 1,000 years ago. Stone tools found at a site called the Paynes Creek Salt …

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It’s Yerushalayim, says inscription

Archaeologists unearth 2000-year-old carving in Jerusalem Israel on Tuesday unveiled a stone pillar engraved with an ancient inscription showing that the spelling of Jerusalem in its present-day Hebrew form was already in common use some 2,000 years ago. During construction work in February in Jerusalem, archaeologists unearthed the pillar with …

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Govt. hikes interest for gratuity funds to 8%

The Centre has notified a higher interest rate of 8% for the non-government provident, superannuation, and gratuity funds, effective from October 1. The interest rate on these funds has been raised from 7.6%. The move comes on the back of a hike in small savings rates — by up to …

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IMF projects India growth at 7.3% in 2018

India is projected to grow at 7.3% in 2018 and 7.4% next year, the International Monetary Fund (IMF) said on Tuesday, predicting that the country will regain the tag of the world’s fastest growing major economy this year, surpassing China with more than 0.7 percentage points. In 2017, India had …

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Rupee hits fresh low, ends at 74.39 against $

Weakens for sixth straight session The rupee weakened against the dollar for the sixth straight session, as the currency hit a fresh low amid strengthening of the greenback. The rupee declined 33 paise against the dollar to end the day at 74.39, which is a record low. The rupee opened …

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SBI to triple asset purchase from NBFCs

State Bank of India (SBI) has decided to triple the target for loans it purchases from non-banking finance companies (NBFCs). The move is expected to provide much-needed liquidity to these entities. SBI had earlier planned to buy Rs. 15,000 crore worth of portfolio from NBFCs. It has now decided to …

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WhatsApp builds payments data system for local storage

Payment service, in pilot mode, to expand countrywide Ahead of the October 15 deadline to comply with RBI’s data localisation norms, Facebook-owned Whatsapp said it had built a system in India to store payments related data locally. “In response to India’s payments data circular, we’ve built a system that stores …

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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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