Monthly Archives: February 2017

Bangladesh removes Pujara; Vijay nears century

India goes with three pacers and two spinners while Bangladesh opt for three spinners Virat Kohli won the toss and elected to bat first against Bangladesh in the one-off Test at Hyderabad on Thursday. Updates Murali Vijay has to wait for another 15 minutes to score his 9th Test century. …

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RBI keeps repo rates unchanged

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.25%  in its monetary policy review on Wednesday, citing inflation concerns after the first quarter of the next financial year, once the base effect vanishes. The RBI said all the six members of the monetary policy committee voted …

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From March 13, no curbs on cash withdrawal: RBI

No limit from March 13, announces RBI. The Reserve Bank of India is set to lift completely from March 13 the cash withdrawal limits imposed in the wake of the November 8 demonetisation of high-value currency notes. The RBI said the remonetisation process was well under way. From February 20, …

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Digital payment costs are a hindrance: TRAI

Transactions will drop once incentives go, says Sharma The surge in digital payments in the country, driven largely by short-term incentives, will become sustainable if the costs of making such payments are addressed, said Ram Sewak Sharma, chairman, Telecom Regulatory Authority of India (TRAI). “Everyone can provide incentives in the …

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After two sessions of losses, Sensex rebounds

Furthermore, encouraging quarterly earnings by a few more companies too influenced sentiments. After two sessions of losses, the benchmark Sensex recovered almost 173 points and the NSE Nifty retook the 8,800-mark in early trade on Thursday on fresh spell of buying by participants. Power, bank and auto sector stocks hogged …

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Rupee zooms past 3-month high, up 24 paise

On November 10 last year, the rupee had closed at 66.63 against the dollar. Steady on recovery path, the rupee on Thursday went past its three-month high in early trade to 66.95 against the dollar on sustained selling of the American currency by exporters and banks. On November 10 last …

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No U-turns on reconciliation, possibly some detours: Sri Lanka

A new Constitution is the most potent weapon for non-recurrence of Sri Lanka’s conflict, says Mangala Samaraweera A new Constitution is the most potent weapon for non-recurrence of Sri Lanka’s conflict and would have to be given priority over accountability mechanisms, Foreign Minister Mangala Samaraweera said. The country, which suffered …

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‘India will bypass U.K. to deal with Europe’

Interview with Labour MP, Virendra Sharma Virendra Sharma has been the MP for the London constituency of Ealing Southall since 2007, and a vocal campaigner for the U.K. remaining in the EU. Last week, he was one of the 47 Labour MPs who rebelled against the party line to oppose …

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Mattis calls Parrikar, vows to build defence cooperation

This was the first conversation between the two leaders after Mr. Mattis was sworn in as the Defense Secretary. India and the US have agreed to “sustain the momentum on key bilateral defence efforts”, as Defence Secretary James Mattis called his Indian counterpart Manohar Parrikar and expressed commitment to build …

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