Daily Archives: July 16, 2019

WPI inflation eases to 2% in June

Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02% in June, helped by decline in prices of vegetables as well as fuel and power items, according to official data released on Monday. The Wholesale Price Index (WPI)-based inflation was at 2.45% in May. It …

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RBI fines Union Bank, SBI for flouting norms

State Bank of India penalised Rs. 7 crore The Reserve Bank of India (RBI) has penalised State Bank of India and Union Bank of India for violating certain regulatory guidelines. SBI was fined Rs. 7 crore for non-compliance with the directions issued by the RBI on Income Recognition and Asset …

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Private carriers make hay post Jet closure

Augment capacity on international routes as Air India not very ‘aggressive’ After the closure of Jet Airways, the international segment continues to offer huge opportunity for Indian airlines, mainly private carriers, as Air India is shying away from aggressive capacity expansion. According to a report by ICICI Securities Ltd., Air …

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Trade deficit shrinks 8% in June

India’s trade deficit narrowed by nearly 8% to $15.28 billion during the last month, as against $16.6 billion in June 2018, according to official data released on Monday. In June 2019, merchandise exports fell nearly 10% to $25.01 billion as against $27.70 billion in the year-ago month, the Commerce Ministry …

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Trump targets Congresswomen again

President asks the four freshman lawmakers to apologise to him and ‘the people of Israel’ President Donald Trump on Monday increased his attacks on four first-term Democratic congresswomen and warned the party about uniting “around the foul language & racist hatred spewed” from the American women whom he recently told …

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Taxi registration drops for second year in a row

The registration of new taxis in the city has dropped for the second consecutive year. While it touched a peak in 2016-17 with 32,479 registrations, in 2017-18, it dropped to 16,595. The downward trend continued in 2018-19 with only 16,274 taxis being registered. Source : https://www.thehindu.com/todays-paper/taxi-registration-drops-for-second-year-in-a-row/article28460618.ece

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Use drones to identify waterlogging sites: HC

‘File status report before July 24’ The Delhi High Court has suggested use of drones to aid civic authorities in identifying sites where waterlogging takes place so as to tackle traffic snarls in the city during the monsoon. A Bench of Justices G.S. Sistani and Jyoti Singh further suggested setting …

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