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Monthly Archives: July 2019

Recoveries help IOB narrow loss

Lender trims loss Rs. 342 crore from Rs. 919 crore, also aided by lower provisioning Public Sector Indian Overseas Bank’s (IOB) net loss for the first quarter ended June 2019 narrowed to Rs. 342 crore from the Rs. 919 crore reported during the corresponding quarter last year, on lower provisioning …

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IMF cuts India’s growth forecast for 2019-20 to 7%

Cites weaker-than-expected outlook for domestic demand The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions, it said on Tuesday. The IMF’s World Economic Outlook July update also cut India’s growth forecast in 2020-21 to …

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Trump attacks Mueller ahead of testimony

President Donald Trump attacked Robert Mueller on Monday, even as he insisted he would not watch the special counsel’s potentially damaging Congressional testimony this week about the two-year Russia investigation. Two days before Mr. Mueller testifies — answering questions for the first time about his high-stakes probe into Russian election …

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A legacy dominated by Brexit failure

May had promised stable leadership Theresa May had a mission to fight Britain’s “burning injustices” through strong and stable leadership — but her legacy as Prime Minister will be anything but. The Conservative premier’s turbulent time in office was swamped and ultimately sunk by her legacy-defining battle to secure a …

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Surprised by Indian stand, says Imran

Pakistan Prime Minister Imran Khan on Tuesday said he was “surprised” over India’s reaction to U.S. President Donald Trump’s offer of mediation for resolving the Kashmir issue which, according to him, had held the subcontinent hostage for 70 years. India has not been engaging with Pakistan since the attack on …

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J&K parties welcome U.S. mediation offer

Hurriyat wants an early resolution The National Conference (NC) and the Peoples Democratic Party (PDP), and the separatist Hurriyat on Tuesday welcomed U.S. President Donald Trump’s push for dialogue between India and Pakistan on the Kashmir issue. “It is indeed a welcome step. Any mediation in conflict resolution is not …

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Thumbs up for new NRC deadline

Re-verification would have caused a lot of misery, says AAMSU Various organisations in Assam welcomed the Supreme Court’s order extending the deadline for publishing the final NRC to August 31 and turning down the request of the Centre and Assam government to conduct 20% sample re-verification of listed names in …

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