The outflow from the Kabini reservoir in H.D. Kote reached a record level of 80,000 cusecs on Friday, inundating low-lying areas in H.D. Kote, Nanjangud, Suttur, and other towns. This was caused by heavy rains in Wayanad, Kerala, which is the upper catchment area of the Kabini. The discharge is …
Read More »Flooding puts Kerala in crisis
Red alert sounded in eight districts; heavy discharge from Idukki; toll rises to 27 Many parts of Kerala were grappling with a looming crisis on Friday as a heavy rainfall warning and tidal flooding alert looked set to compound the worsening flood situation in the State. The State Disaster Management …
Read More »One-third of PSBs remain headless
PM-led panel yet to appoint CEOs One-third of public sector banks remain headless as a Prime Minister-headed panel is yet to clear the CEO appointments. The chief executive officer post at three PSBs remain vacant for more than seven months. On July 31, two more PSB CEOs — Rakesh Sharma …
Read More »‘RBI must resume issuing LoUs, LoCs’
Discontinuation of the facility has resulted in 2-2.5% increase in cost of credit: Parliamentary panel The Reserve Bank of India’s decision to discontinue the issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit was a “knee-jerk reaction” to the Punjab National Bank fraud case and …
Read More »NGT forms panel to monitor rejuvenation project of Ganga
The green panel has asked CJ of Allahabad HC to nominate a former judge who will head the committee. Panel to monitor Ganga rejuvenation project The National Green Tribunal on Monday constituted a committee, to be headed by a former Allahabad High Court judge, for monitoring the rejuvenation project of …
Read More »LS passes SC/ST amendment Bill
Was brought to bypass Supreme Court ruling that ‘diluted’ provisions of law The Lok Sabha on Monday passed the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2018, to bypass the recent ruling of the Supreme Court laying down procedures for arrests under the Act. The Bill will …
Read More »Three northeastern States emerge as new HIV hotspots
Health Ministry attributes rise of incidence in Meghalaya, Mizoram and Tripura to injecting drug users and unsafe sexual practices The good news is that there has been a steady decline in the number of HIV cases in India. The bad news is that Meghalaya, Mizoram and Tripura have emerged as …
Read More »Indra Nooyi to step down as PepsiCo CEO
She helmed the company for 12 years Indra Krishnamurthy Nooyi will step down as the CEO of PepsiCo after 12 years in the position, the company announced on Monday. Taking over the reins of the global giant in 2006, Ms. Nooyi steered the company through the 2008 financial crisis and …
Read More »(feit)
How artificial intelligence is helping to crack down on the $460 billion fake designer products industry A few months ago, on a night of infant-induced sleeplessness, I stumbled upon the Reddit group, ‘RepLadies’. This community of fashion savvy women (and men) focuses on finding the best replica designer goods — …
Read More »Launch of India’s second moon mission postponed
Chandrayaan-2 to land a rover on the lunar surface The launch of India’s second mission to the moon, Chandrayaan-2, may be delayed till January 2019, according to a top official. The ambitious mission was supposed to be launched in April, and was later fixed for October. The postponement comes in …
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