Monthly Archives: July 2019

Ancient harp strums a new tune

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 …

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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… …

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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 …

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Central Universities Bill passed by LS

Central university and tribal university proposed in Andhra Pradesh Central Universities Bill passed by Lok Sabha The Lok Sabha on Friday passed the Central Universities (Amendment) Bill, 2019, with Human Resource Development Minister Ramesh Pokhriyal, who introduced the Bill, stating that preparations were on for filling vacancies in the next …

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India, U.S. teams hold talks on trade ties

Enhanced engagement discussed Commerce Ministry officials on Friday met trade officials from the U.S. and discussed ways to improve trade relations been the two countries. “A delegation led by Assistant United States Trade Representative (AUSTR) Christopher Wilson visited India on July 11-12 to explore potential for enhanced bilateral trade and …

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India again abstains at UN vote, draws criticism

Stand in spite of SC scrapping Sec. 377 India on Friday abstained at the vote for extending the mandate of an important UN official who reports on violence and discrimination against sexual minorities. India’s abstention at the resolution for term-renewal of the independent Expert on Sexual Orientation and Gender Identity …

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Govt. in a spot over Bill seeking quota in RS

YSR Congress MP stages walkout The government on Friday was caught in an embarrassing position as the entire Opposition backed YSR Congress MP Vijaya Sai Reddy’s private member’s Bill seeking reservations for the Other Backward Classes in the Rajya Sabha and the Assemblies on the lines of the reservations available …

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