- Pakistan to hold presidential election tomorrow
- India, Cyprus sign two MoUs
- Virat Kohli retains top spot in ICC Test rankings
- US Open Tennis: Rafael Nadal, Serena Williams, Dominic Thiem and John Isner advance into quarter-finals
- A massive anti-terror operation launched in Pulwama district of Jammu and Kashmir
- Bi-annual talks between Indian, Bangladeshi border forces begin
- India and Cyprus sign key agreements in various fields
- President Kovind, PM Modi extend Janmashtami greetings
- Asian Games: India win bronze in men's hockey, beat Pakistan 2-1
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- Rupee ends at lowest level of 71.21 per dollar
- CBI probe needed in organ transplant scam: PMK
- Bangladesh approves draft law banning child labour
- China pledges $60 bn to Africa, waives debt for certain countries (Lead)
- Team for PanAfrica Rally announced
- Rajkummar Rao named face of Actimaxx
- S. Korean U-23 footballers return to heroes' welcome with Asiad gold
- 33 Africans drown in Yemen
- Priyanka Chopra advocates timely intervention for asthma
- RInfra ratings rise as Mumbai power business sale cuts debt
- Bollyboom goes international, to debut in Kuala Lumpur with Guru Randhawa
- India to soon have London-like 'one-nation-one-card' policy for transport
- Chhattisgarh aims to double GDSP by 2025, provide housing for all
- Mother Dairy clocks Rs 600-cr sales from cow milk in FY18; aims 65pc growth this fiscal
- Mother Dairy clocked Rs 600 crore in revenue from cow milk segment last fiscal and expects around 65 per cent rise in the current financial year on growing consumer demand, sources said.
- African drug peddler held in Hyderabad
- A 30-year-old man from Ivory Coast was Monday arrested here for allegedly peddling narcotics and seized 15 gm of cocaine from him, Prohibition and Excise officials said.
- 13 killed as vehicle falls into gorge in U'khand
- Thirteen persons were killed and two others injured Monday when a tempo traveller fell into a 200-metre deep gorge in Uttarakhand's Uttarkashi district following landslide.
- K'taka: 8 hurt in mass acid attack at Cong leader's victory procession
- Be active on social media: Cong tells party members in MP
- Mumbai Court gives Mallya 3 weeks to reply to ED application
- Congress baying for my blood: Chouhan on stone attack
- IIT-Bombay study finds microplastic in table salt brands
- A study by a two-member team of the Indian Institute of Technology-Bombay has found the presence of microplastic in several table salt brands in the country.
- India, Bangladesh border forces begin high-level meeting in Delhi
- A high-level meeting between the border forces of India and Bangladesh began here on Monday where the two sides are expected to discuss action against insurgent groups and movement of displaced Rohingyas, a senior BSF official said.
- Congress urges Kerala govt to drop plan to seek aid abroad
- The Congress in Kerala came out Monday against the CPI-M led LDF government's decision to mobilise resources to rebuild the flood-ravaged state, from non-resident Keralites, by deputing ministers to collect funds.
- Centre urges Odisha to join Ayushman Bharat health scheme
- The Centre Monday urged the Odisha government to become a part of the Ayushman Bharat, saying the flagship health insurance scheme launched last month would remain incomplete if it did not do so.
- Odisha assembly monsoon session beginning Tuesday
- Opposition parties of Odisha, the Congress and the BJP, Monday said they would raise issues such as unemployment, corruption and farmers' problems in the monsoon session of the Odisha Assembly beginning Tuesday.
- Maruti shares sink over 2 pc post August sales data
- Shares of Maruti Suzuki India Monday fell by over 2 per cent after the company reported decline in its total sales for August.
- BankBazaar expands global footprint with Australian foray
- BankBazaar.com will foray into Australia by the end of this fiscal as part of expanding its overseas business, Adhil Shetty, CEO, BankBazaar said.
- Star Superior' claims the Deccan Colts Championship Stakes
- Three-year-old 'Star Superior' trained by R Narredu and ably ridden by jockey Suraj Narredu claimed the Deccan Colts Championship Stakes Grade III (About) 1600 metres, the main event on 13th day of the Hyderabad Monsoon Races held here on Monday.
- TN govt's 'indifference' led to collapse of shutters of
- The opposition DMK Monday blamed the Tamil Nadu government for the collapse of nine shutters of Mukkombu regulator dam across river Coleroon near here, saying it could have been averted had proper inspection been carried out.
- The 'Wise Owl' of Mint Street: Urjit Patel completes two years as RBI Governor
- There is a new twist to the British economist John Keanes' famous quote that 'it is your problem if you owe a hundred bucks to a bank, but it is the bank's problem if you owe a million' -- the problem is of the central banker if unpaid loans run into billions.
- Carlyle Group appoints Vikram Nirula as MD Carlyle Asia PE
- Global alternative asset manager The Carlyle Group on Monday said it has appointed Vikram Nirula as managing director of Carlyle Asia private equity.
- Ashok Leyland shares gain nearly 4 pc on robust sales
- Shares of Ashok Leyland Monday gained nearly 4 per cent after the company reported 27 per cent increase in its total sales for August.
- New dinosaurs fill evolutionary gap of 70 million years
- Two newly discovered dinosaurs may be missing links in an unusual lineage of predators that lived between 160 million and 90 million years ago, a study suggests.
- Xi announces another USD 60 bn aid for Africa; dismisses 'debt trap' criticism
- Chinese President Xi Jinping on Monday announced a whopping USD 60 billion in new development financing for the African nations as he sought to refute criticism that the massive funding under Beijing's Belt and Road Initiative (BRI) drawing the countries into a debt trap.
- AI may help assess brain injury patients
- Chinese researchers say they have developed an artificial intelligence (AI) model with medical imaging to accurately determine whether patients with severe brain damage might regain consciousness.
- I was not psychoanalysed: Dakota Johnson clarifies seeking therapy post 'Suspiria' comment
- Dakota Johnson has clarified her remark that she underwent "therapy" after shooting the horror film "Suspiria" saying she was "not psychoanlaysed".
- Electric Mercedes opens German assault on Tesla
- Global Economy: Factories feeling the pinch from escalating trade conflict
- In South Africa, white Sasol workers protest against black share scheme
- Ad giant WPP names Read as CEO to succeed founder Sorrell
- EU Commission proposes settling beef dispute with United States
- Linen Club has a new address in Assam
- Principal® creates one of the largest flyover art installations in India
- Nifty September 2018 futures at steep premium
- Rely on these platforms to send gifts to remote locations this festive season
- India, Cyprus ink two MoUs
- US sanctions to hit hard, but here's what Iran can do to counter them
- Donald Trump, US, Iran nuclear deal, Iran policy, US-Iran
- Amitabh Kant. Chief executive officer, NITI Aayog
- Alastair Cook to retire from international cricket after 5th Test vs India
- How Hindalco ringfenced itself from uncertainty with value-added products
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- Microsoft to end Surface Plus financing programme
- Xi announces $60 bn for Africa
- Mauritius expects 89,000 Indian tourists in 2018
- Anti-money laundering pact with Cyprus to boost investment cross-flows: Kovind
- The Indian rupee reversed all the gains made earlier in the day to close at an all-time low of 71.21 per dollar on Monday, tracking a weak trend among its global peers and amid concerns of a wider trade deficit.
- Reliance Infrastructure's (RInfra) ratings have improved with the completion of transaction for sale of its Mumbai power business, the proceeds of which have been used to pay off debt liabilities, the company announced on Monday.
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- Reliance Infrastructures (RInfra) ratings have improved with the completion of transaction for sale of its Mumbai power business, the proceeds of which have been used to pay off debt liabilities, the company announced on Monday.
- Indias engineering export growth slackened to 9.4 per cent in July even as the rupee continued to depreciate against the dollar during the month, demonstrating that a stronger dollar does not always lead to export momentum, the EEPC India said on Monday.
- The Bangladeshi government on Monday approved the draft of a law banning child labour in the country with provisions for stringent punishment to offenders.
- China on Monday pledged $60 billion of financial assistance to Africa and announced it would waive the debt for certain countries in the continent amid the mounting criticism and suspicion about Beijing's "debt diplomacy".
- At least 33 African migrants drowned off the Yemeni coast of Shabwa after smugglers operating the boat forced the passengers into the sea, the country spokesman of the International Organization for Migration (IOM) said.
- SRM bags A++ by NAAC
- BJP blames JDS-Cong for defeat in Karnataka civic polls
- Chetan Bhagat reveals cover, 'movie-style promo' of new Hindu-Muslim 'unlove story
- No understanding with Trinamool or BJP: Bengal Congress chief
- PDP activist escapes attempt on life
- Former Union Minister and PMK leader Anbumani Ramadoss on Monday demanded a probe by the Central Bureau of Investigation (CBI) into the organ transplant scam in Tamil Nadu.
- Artificial intelligence from space can help spot obesity on Earth
- Fakir Mohan Medical College and Hospital inaugurated in Odisha
- Woman dies of rat fever in flood-hit Kerala
- AI technique used to treat metastatic cancer patient: Study
- Actress Priyanka Chopra, who suffers from asthma, has partnered with Cipla Respiratory to create awareness about the condition and break the stigma surrounding its treatment. She has advocated timely intervention that can help one have a better quality of life.
- Odisha Chief Minister Naveen Patnaik on Monday inaugurated the Fakir Mohan Medical College and Hospital at Balasore.
- In a novel method, researchers have used Artificial intelligence (AI) technology that scanned through Google Maps images to estimate obesity on Earth -- even without actually spotting obese people.
- Device that can harvest energy from your arm
- A wearable energy-harvesting device could generate energy from the swing of an arm while walking or jogging, say researchers.
- Belgian F1 driver Vandoorne to leave McLaren after 2018
- Sherco TVS Factory Rally team on Monday announced a four-rider squad for PanAfrica Rally, a competition of Motorbikes, Quads/UTV and SSV (buggies).
- South Korea's under-23 national football team players returned to a heroes' welcome on Monday after winning the gold medal at the 18th Asian Games in Indonesia.
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- China crackdown spare big hydro projects
- Will faulty engines doom aviation market?
- Myanmar's 'ghost ship' mystery solved
- Mkt succumbs to late sell-off
- INR hits a new low of 71.10 vs USD
- Bangkok is struggling to stay afloat
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- After Market: Wiproâs best day in 5 years; Maruti on reverse gear & crack in FMCG
- Rupee slips 22 paise, closes below 71 level for first time
- We have invested approximately $200 million on Marazzo: Pawan Goenka, M&M
- Tech view: Nifty forms engulfing bearish candle, signals downturn
- Bias for MCX Gold remains positive for the session as long as Rs 30,130-30,070 is held as support.
- As many as 45 counters showed bearish crossovers on the NSE on Monday.
- Crude prices climbed to over $78 on concerns that the falling Iranian output will tighten oil market.
- âSince it is a new platform, we have to do more products on that.â
- If Nifty remains below 11,580, then this downward momentum will continue towards 11,520.
- Kumar added that no conclusive proof was established of a link between the economic slowdown and demonetisation."This (decline in growth) was just simply in continuation of a trend and not because of the shock of demonetisation as has been claimed. I think there is no evidence to prove that there was a direct link between demonetisation and slowdown in the growth rate," he added.Following the decline in growth rate, the NITI Aayog official said ramping up of capital expenditure was necessary to counter the decline in credit disbursal to industry players."Even to the large industry, the growth of credit came down to one per cent and two and a half per cent in some months, and even negative in some quarters. Never had we seen such a continuous and persistent year upon year deleveraging of credit. This is the cause of slowdown of growth. This is what is being compensated by the government by ramping up public capital expenditure. The government also used oil revenue bonanza in ramping up the capital expenditure while maintaining fiscal prudence. So it has been because of the government that you have now seen a rise in the quarterly growth rate since the second quarter of 2017-18," he explained.Speaking on the RBI's recent report on demonetisation, Kumar reiterated that demonetisation had intensified the crackdown on Black Money and benami transactions in the economy."The RBI in its report stated that Rs.13,000 had not returned to the economy. Apart from this, Rs. 23,942 crore has been seized by tax authorities, which adds up to Rs.36,000 crores. Around 18 lakh suspicious accounts are being scrutinised. In total, we expect another Rs. 1.5 lakh crore to return to the economy. Demonetisation has helped keep corruption in check," he noted.The NITI Aayog Vice Chairman also said that demonetisation led to an increase in filing of income tax returns.
- Congress wins Karnataka urban local body elections, bags 982 seats
- Karnataka urban local body polls: Acid attack on Congress victory march, leaders injured
- Ravi Shastri dating Nimrat Kaur? Hereâs what the Airlift actor has to say
- Sensex succumbs to late sell-off, down by about 333 points on rupee woes
- Teach your kids to be resilient and handle trauma
- Nagalandâs Kiphire, worst affected by rains and landslides, slowly breaks out of its isolation
- Karnataka urban local body elections: Congress candidate, supporters injured in suspected acid attack on victory march
- Abhishek Bachchan on playing Robbie in Manmarziyaan: I really like the conviction in his actions
- Sachin Tendulkar lauds England for winning Test series
- Ravi Shastri dating Nimrat Kaur? Hereâs what the Airlift actor has to say
- Chhattisgarh CM Raman Singh to launch second phase of ‘vikas yatra’ from September 5
- Cricket world bids farewell to Alastair Cook: No player has given more to the England cricket shirt
- Playing with Fire
- Sachin Tendulkar lauds England for winning Test series
- Cricket world bids farewell to Alastair Cook
- Xiaomi Redmi Note 5 Pro Flame Red colour variant to launch in India tomorrow
- Amit Shah to visit poll-bound Rajasthan on September 11
- The party's state president Madan Lal Saini said Shah will be greeted on his arrival at the Jaipur airport, from there he will be escorted…
- Congress thirsty for my blood: Shivraj Singh Chouhan after stone attack on his car
- Kiphire â" which was completely cut off from the rest of Nagaland due to the landslides caused by rains â" is returning to normalcy, with…
- Iran says militants must be “cleaned out” of Syria’s Idlib
- Teach your kids to be resilient and handle trauma
- Sensex succumbs to late sell-off, down by about 333 points on rupee woes
- Sony Xperia XZ3 first look at IFA 2018
- रिमà¥à¤¸ मà¥à¤ à¤à¤°à¥à¤¤à¥ लालॠयादव à¤à¥ à¤à¥à¤¤à¥à¤¤à¥à¤ नॠà¤à¤° दॠनà¥à¤à¤¦ हराम, ठब पà¥à¤à¤à¤ वारà¥à¤¡ à¤à¤¾à¤¹à¤¤à¥ हà¥à¤ RJD ठधà¥à¤¯à¤à¥à¤·
- பிரியாணி à®à®à¯à®à¯à®à®¾à®°à®°à¯ à®®à¯à®¤à¯ வநà¯à®¤ à®à®¾à®¤à®²à¯ à®à®£à¯à®£à¯ மறà¯à®à¯à®.. à®à®°à®à¯à®à¯ à®à¯à®²à¯à®¯à®¾à®³à®¿à®¯à®¾à®©à®°à¯ ஠பிராமி!
- വിനàµà´¦àµ à´à´¯à´¿à´·à´¯àµà´ à´'à´¨àµà´¨à´¿à´àµà´àµ à´¨à´à´¨àµà´¨ പയàµà´¯à´¨àµà´¨àµà´°àµâ à´àµà´³àµà´àµ വരാനàµà´¤ à´à´¨à´¿ à´"à´°àµâà´®à´à´³à´¿à´²àµâ
- Congress wins Karnataka urban local body election, bags 982 seats
- Cricket world bids farewell to Alastair Cook: No player has given more to the England cricket shirt
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- An Acehnese woman is lashed by a hooded local government officer during a public caning at a square in Aceh province, on June 12, 2015.
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- A failed asylum seeker said to be Afghan gets eight and half years for killing his ex-girlfriend.
- The caning, which took place in a religious court, was witnessed by more than 100 people.
- National museum consumed by fire
- Malaysian women caned for lesbian sex
- Why Indians are great entrepreneurs
- Dr Swamy flays Govt on petrol prices, says higher rate implies 'exploitation
- 54 POK guests among 76 cross sides in Karvan-e-Aman bus
- Congress grabs 946 seats in the ULB election
- MHIL announces home improvement loans upto Rs 10 lakh with easy paperwork in Kerala
- Rupee ends fresh record low at 71 21 against USD
- India-Cyprus pact on money laundering to ensure a 'cleaner economy': Prez Kovind
- India has fast-tracked many initiatives aimed at achieving Universal Health Coverage: Nadda
- Gorakhpur, Sep 3
- Uttar Pradesh Chief Minister Yogi Adityanath while flagging off a new Gorakpur-Delhi-Gorakhpur daily flight of Indigo Airlines here on Monday said that UP would witness 22 airports with commercial flight service from next year.
- Congress seeks full probe into Rafale deal
- Imphal, Sep 3
- The Congress party today demanded a JPC probe into the Rafale deal to find out the full facts.
- Senior BJP leader Dr Subramanian Swamy on Monday slammed the NDA regime on the escallating prices of petrol suggesting higher prices perhaps imply 'exploitation' of the consumers.
- Youth killed, several injured in security force action during CASO in Pulwama
- Srinagar, Sep 3
- A youth was killed and several others were injured when security forces opened fire, burst teargas shells and resorted to lathicharge to disperse the demonstrators during Cordon and Search Operation (CASO) in Pulwama in south Kashmir on Monday.
- Alastair Cook retires from international cricket
- Police arrests 10 gamblers in Srinagar, recovers stake money
- Heavy rain likely in west Madhya Pradesh during next 24 hours
- Pakistan: US aid cut was money owed, not assistance
- Dia Mirza to speak at 'Social Good Summit 2018' in New York
- Ekta Kapoor reveals another 'Home' journey
- ETMoney asks to invest in mutual funds through its app on zero commission
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- MUMBAI, SEP 3
- - Youths making human pyramid to break Dahi Handi (a curd pot), on the occasion of Krishna Janmastami festival in Mumbai on Monday. UNI PHOTO-79U
- - Youths making human pyramid to break Dahi Handi (a curd pot), on the occasion of Krishna Janmastami festival in Mumbai on Monday. UNI PHOTO-78U
- - Youths making human pyramid to break Dahi Handi (a curd pot), on the occasion of Krishna Janmastami festival in Mumbai on Monday. UNI PHOTO-77U
- HYDERABAD, SEP 3
- - Congress leader V Hanumantha Rao addressing a press conference at Gandhi Bhavan in Hyderabad on Monday. UNI PHOTO-76u
- - Congress leader V Hanumantha Rao addressing a press conference at Gandhi Bhavan in Hyderabad on Monday. UNI PHOTO-75u
- TIRUPATI, SEP 3
- - College students performing during a cultural programme at SV Gosala on the occasion of Gokulashtami in Tirupati on Monday. UNI PHOTO-74u
- Youth participating in Utti breaking event at Gogarbam Dam in Tirumala on Monday. UNI PHOTO-73u
- - TTD Board Chairman P Sudhakar Yadav milking a cow as a ritual on the occasion of Gokulashtmi, at SV Gosala in Tirupati on Monday. UNI PHOTO-72u
- - Deities at the ISKCON temple in Tiurpati, in splendid decoration on the occasion of Shri Krishna Janmashtmi on Monday. UNI PHOTO-71u
- VENICE, SEP 3:- The 75th Venice International Film Festival - Photocall for the film "Napszallta" (Sunset) competing in the Venezia 75 section - Venice, Italy, September 3, 2018. Actor Juli Jakab. REUTERS-31R
- BEIJING, SEP 3:- China's President Xi Jinping gives a speech during the opening ceremony of the Forum on China-Africa Cooperation at the Great Hall of the People, September 3, 2018. REUTERS-30R
- Tender
- 22 airports in the state to have commercial flights: UP CM
- PM not followed defence procurement procedures on Rafale Aircarafts deal: Jaipal
- Puducherry, Sep 3 (UNI) Coming down heavily on Prime minister Narendra Modi, Senior Congress leader and former Union Minister for Science and Technology Jaipal Reddy on Monday charged that the former had failed to follow the defence procurement procedures on the Rafale Aircrafts deal.
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- Sky invests $4m in Israeli VC fund Remagine
- Egypt Close to Buying ThyssenKrupp MEKO A200 corvettes
- IISc superconductivity claim gets another jolt as IISER Pune finds no superconductivity
- âWe did not see any such drop in magnetism, thus confirming the absence of any plausible superconductivity, at least in our thin films,â say researchers.
- Floods: New Thalassery to Mysuru rail line may get shelved
- Centre having second thoughts on the multicrore project in the wake of the recent floods
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- Body language, and more importantly, hand movements, form the core of Stories by Hand, a performance by Preeti Vasudevan
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- Kimberella and Gazino pleased when the horses were exercised here on Monday morning (Sept. 3). Sand track: 600m: Lady Sergeant (Zameer) 39. Easy. 80
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- This puppeteer explores the cultural connect between India and France by blending artforms and stories
- Paddy procurement centres will continue to operate: Minister
- Clarification comes amid reports that Centre ordered their closure
- Anna varsity mulls raising the bar for promotions
- Opinion divided among faculty members on the desirability of stringent norms
- Giving wings to their dreams
- Specially-abled individuals working in a self-help group turn entrepreneurs
- Student hurt in JSP chiefâs birthday fete
- He burnt hand while bursting crackers
- Portal to claim interest subsidy opens
- Students who have taken education loans can submit claims to bank managers till September 28
- Literary meet resolves to âreject religious nationalismâ
- The Literary Meet for Tolerance held here on Sunday â" in the backdrop of the murders of journalist-activist Gauri Lankesh and Kannada scholar M.M. K
- Jagannatha Swamy temple gets facelift
- Locals chip in with contributions and also take steps to protect lands of shrine
- Soon A âOne-Nation One-Cardâ For Public Transport In India, Says NITI Aayog CEO
- Raghuram Rajan Not Demonetisation Responsible For Indiaâs Growth Slowdown, Says Niti Aayog VCÂ
- Alastair Cook announces retirement, fifth Test against India to be last
- India series shows Test cricket is alive and kicking: Joe Root
- Honda Motorcycle and Scooter India Limited is working with over 30 shared mobility players in more than 10 cities
- Honda sees huge potential in two-wheeler shared mobility market in India
- Activists' arrest: HC questions Maharashtra police's media briefing
- HC bans protests at Chennai's Marina, says public order equally important
- Govinda-starrer 'Fryday' to release on October 12
- Kumar said Rajan's policies to identify stressed NPAs led to the economic slowdown
- Web Desk
- Activists' arrest: HC questions Maharashtra police's media briefing
- HC bans protests at Chennai's Marina, says public order equally important
- Abhishek Dograa will direct the film
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- Marico aims up to 10% volume growth, healthy market share gains in 5 years
- Foreign portfolio investors worry over SEBIâs April 10 circular on KYC norms
- Manipur varsity row : Former CM O Ibobi Singh slams VC AP Pandey's order
- Japanese messaging giant LINE launching its own cryptocurrency
- Bihar Government takes over children's shelters after finding abuse
- Markets@Moneycontrol: Monday blues for indices; Sensex tanks 300 points, Nifty ends sub 11,600
- Banking sector NPAs have peaked, says Canara HSBC OBC Life CIO
- Congress, BJP in close race in urban local body polls in Karnataka
- Rafale deal a compromise of national security : Gaurav Gogoi
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- Rupee plunges to yet another record low of over 71 against US dollar
- UP rains: Death toll rises to 28, fresh alert of heavy rains in next 24 hours
- Karnataka civic polls: Congress emerges winner with 982 seats
- JDS and INC will work together to keep BJP out, says Deve Gowda as Congress emerged the winner by securing 982 seats, while the BJP bagged 929 seats.
- All 30 Independents in Gokak are Congress members: Sitting MLA
- Alastair Cook to retire after fifth Test against India
- India, Cyprus sign anti-money laundering pact
- Death toll from Myanmar's flooding rises to 31
- Asylum seeker gets 8.5-year sentence for teen girl murder in Germany
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- Believers of the Ukrainian Orthodox Church (Moscow Patriarchate) take part in a religious procession in Kiev on 27 July 2018
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- Copyright:(C)Mon 03 Sep 2018, 17:57:282018Mon 03 Sep 2018, 17:57:28 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- Copyright:(C)Mon 03 Sep 2018, 17:48:422018Mon 03 Sep 2018, 17:48:42 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- NITI Aayog Vice Chairman Rajiv Kumar on Monday said that economic growth in six quarters starting from the last quarter of 2015-16 slowed down due to rise in Non-Performing Assets (NPAs) and not the 2016 demonetisation drive, as claimed."The declining trend for the last six quarters starting 2015-16, when the growth rate was as high as 9.2 per cent, was not a result of demonetisation. The growth was declining because of the rising NPAs in the banking sector. When this (Narendra Modi) government came to office, that figure was about Rs 4 lakh crore. It rose to Rs 10.5 lakh crore by the middle of 2017, because under the previous RBI governor Mr (Raghuram) Rajan, they had instituted a new mechanism to identify stressed NPAs. This continuously began to rise, after which the banking sector stalled credit disbursal to the industry. In fact, in some cases like that of the Micro, Small and Medium Enterprises (MSME) industry, credit actually shrank. It was a negative growth in some years," he said.
- The rupee continued with its downward trend, as the currency slipped 22 paise on Monday to close at a fresg all-time low of 71.21.The rupee closed below the 71 mark for the first time ever following weak trend in emerging market currencies and rising crude oil prices.The local currency settled the day at 71.21 against dollar, down 22 paise against its previous close.The Dollar index has climbed nearly 4 per cent on a year-to-date basis, whereas rupee has fallen more than 10 per cent during January 1-September 3, 2018. Rising tension over US-China trade war and contagion risks from Turkey and Argentina are other factors, which impacted forex market sentiment. Oil prices climbed to over $78 a barrel on concerns that falling Iranian output will tighten markets once US sanctions bite from November.Selling by foreign portfolio investors (FPI) is also a cause of concern for Indian market. On a net basis, FPIs offloaded shares worth Rs 2,12.81 crore on Friday, as per provisional data.Earlier, the benchmark equity indices BSE Sensex and NSE Nifty also plunged nearly 0.85 per cent following subdued global cues. On the global front, Turkeyâs lira led emerging currency losses on Monday after inflation spiked to almost 18 per cent in August, while the Indonesian rupiah fell to its lowest level since the Asian financial crisis.The lira was down 1.5 per cent after Turkish consumer price inflation rose to a near 15-year high of 17.9 percent in August, up 2.3 per cent month-on-month. Producer prices leapt 32.13 percent.
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