27-11-2016

the hindu
1.Castro,Cuban revolutionary who defied U.S,dies at 90.

Fidel Castro, the fiery apostle of revolution who brought the Cold War to the Western Hemisphere in 1959 and then defied the United States for nearly half a century as Cuba’s maximum leader, bedevilling 11 U.S. Presidents, died on Friday. He was 90. His death was announced by Cuban state television.  read more

2.H5N8 expands its reach.

Health Ministry issues advisory despite the low risk this bird flu strain poses

India has reported an outbreak of a highly contagious bird flu virus in Karnataka, the Paris-based World Organisation for Animal Health (OIE) said on Friday, citing a report from the Indian Agriculture Ministry.

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3.RBI takes measures to absorb excess liquidity.

The Reserve Bank of India (RBI) has taken steps to absorb excess liquidity in the banking system following demonetisation and said banks have to maintain 100 per cent cash reserve ratio (CRR) for the deposits they have received between September 16, 2016 and November 11, 2016.  read more

4.Demonetisation will bring economy to a new equilibrium,says NITI Aayog CEO.

Demonetisation will bring the Indian economy to a new equilibrium with low tax regime and lower interest rates, NITI Aayog CEO Amitabh Kant said here on Saturday.  read more

tio
1.Pak uses Gwadar card for Russia ties.

Pakistan has approved Russia’s request to use the strategic Gwadar port for its exports, signalling a new alignment in bilateral relations after decades of sour ties during the Cold War. read more

2. Ten ways to save demonetisation and stop the economy from choking.

After almost three weeks of de monetisation, there is visible pain in the lives of ordinary peo ple, a noticeable slowdown in economic activity, and reports many sectors. The economy may of job losses in many sectors. The economy may contract by as much as two percentage points over the next two quarters -a colossal loss in national wealth. However, there can be no rollback. The gains from a cleaner, whiter economy are far bigger in the long run. Here’s how Narendra Modi can save demonetisation.  read more

tie
1.Tax sleuth sniff out bank-account rental schemes.
2.Adios Fidel.
3.Building a legacy with public money.

Power brings about fundamental changes in the personality of leaders. It inflates their ego, turns them into megalomaniacs who term themselves above the law. No throne is golden enough for them, no limo big enough. Late last week, Telangana Chief Minister K Chandrashekar Rao achieved his dream. He had been building a `50-crore dream home—a 1,00,000 square feet bungalow on nine perfectly landscaped acres. It has all high-tech mod cons; its bathrooms are reportedly protected by bulletproof glass to guard KCR from snipers while he is taking a shower. read more

4.COOP Banks pose quandary.

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