Semsemia, which is made of beechwood with steel strings, has Pharaonic roots When Mohamed Ghaly’s workshop was reduced to rubble in February, he could never imagine that a new cultural centre dedicated to an instrument with Pharaonic roots would thrive just months later. The semsemia, similar to a harp and …
Read More »Daily Archives: July 13, 2019
Warming threatens Greenland’s archaeological sites, says study
Changes in soil characteristics affect organic elements, ruins of Viking settlements In Greenland, climate change isn’t just a danger to ecosystems but also a threat to history, as global warming is affecting archeological remains, according to a study. There are more than 1,80,000 archaeological sites across the Arctic, some dating …
Read More »‘Lower fiscal deficit will allow private sector to borrow more’
Finance Secretary Garg acknowledges liquidity concerns Finance Secretary Subhash Chandra Garg on Friday defended the government’s decision to bring the fiscal deficit down to 3.3% this year, saying this would free up additional resources for the private sector to borrow and invest. He also acknowledged the industry’s concerns that payments …
Read More »Gangwal wants Centre to intervene in IndiGo mess, says won’t rest till it’s fixed
Bhatia group calls it a misinformation campaign, terms allegations ‘hot air’ Rakesh Gangwal, the co-founder of IndiGo, in a boardroom battle with partner Rahul Bhatia, has vowed to continue to raise the issue of lack of corporate governance at InterGlobe Aviation Ltd. (IGAL), the company that runs India’s biggest airline, …
Read More »CEA for balanced tapping into domestic, foreign savings
Cautions against over-reliance on foreign currency debt Chief Economic Adviser Krishnamurthy Subramanian on Friday sought to caution against a more-thannecessary reliance on foreign savings as a trigger for accelerating economic growth through more investments. “If we have to invest for triggering a virtuous cycle, we need to tap into savings… …
Read More »Centre has no discretion in allocating disaster relief: FM
‘Contribution to States on basis of Finance panel’s formula’ The government has no discretion in deciding the quantum of support each State gets for disaster relief, Finance Minister Nirmala Sitharaman informed the Rajya Sabha, adding that the contribution is set by a formula according to the recommendations of the Finance …
Read More »Infosys raises revenue outlook; deal wins spur Q1 revenue
Tech bellwether’s digital transformation business records 42% growth; net profit grows 5.2% to Rs. 3,802 crore Tech bellwether Infosys has posted ‘encouraging’ first quarter revenue numbers on the back of strong deal wins and robust growth in its digital transformation business. Buoyed by these, the company has revised its revenue …
Read More »U.S. will consider ‘301 probe’ on India, says trade official
The U.S. will consider a “301 investigation”, a probe employed as a precursor to tariffs and other trade measures against a country, against India if the trade issues between the two countries are not resolved quickly, Deputy U.S. Trade Representative (USTR) Jeffrey Gerrish said on Thursday. Mr. Gerrish also said …
Read More »Russia’s top missile system has many buyers
The Russian Army began using the S-400 missile defence systems, designed to intercept and shoot down any threat from the sky, in 2007. According to its producer, the state-owned Almaz-Antey company, it has a range of 400 km and can be deployed within just five minutes. It consists of several …
Read More »China to impose sanctions on U.S. firms for Taiwan arms sale
$2.2 billion deal violates international law, says Beijing China on Friday said it would impose sanctions on U.S. companies involved in a potential arms sale worth $2.2 billion to self-ruled Taiwan — a move that has infuriated Beijing. “The U.S. arms sale to Taiwan has severely violated the basic norms …
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