Rupee sinks further, hits record low of 73.77 against US dollar

Rupee fell 43 paise against the dollar to hit a new all-time low of 73.77. The rupee on Wednesday plunged to breach the historic low of 73 level as soaring crude oil prices fuelled worries over capital outflows and widening current account deficit. The domestic currency closed at a record low of 73.34, down by 43 paise or 0.59 per cent at the interbank foreign exchange. In the day trade, the rupee crashed to its all-time low of 73.42 per dollar as crude oil prices breached the USD 85 per…

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Jaipur reported two Zika Virus cases during last fortnight

A 17-year-old boy of Shastri Nagar area in Jaipur district has tested positive for Zika virus, said Dr VK Mathur, the director of public health department. This is the second positive case of Zika virus in the area in less than a fortnight. The first case was reported on September 21. “We sent samples of suspected cases to National Institute of Virology, Pune, and one of them has tested positive for Zika,” Dr Mathur said. The confirmation from the NIV came on Monday evening, he added. Sawai Man Singh Medical…

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In a surprise move centre takes control of indebted lender IL&FS

The dramatic move, which unfolded within the span of a hectic day in Mumbai, underscores the government’s concern about IL&FS’s defaults spreading to other lenders in the world’s fastest-growing major economy. The government will immediately seize control of a shadow lender whose defaults have caused widespread upheaval at mutual funds, a rebuke that’s only happened to one other firm. Officials were granted approval to oust Infrastructure Leasing & Financial Services Ltd.’s board and a new six-member board will meet before Oct. 8, the National Company Law Tribunal said on Monday.…

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Supreme Court rejects ‘Namaz In Mosque’ petition, clears way for resuming Ayodhya hearing

The Supreme Court has declined to set up a larger bench to revisit a 1994 verdict which held that a “mosque is not an essential to the practise of Islam”, ruling that the top court had made the observation in the limited context of acquisition of land. “All mosques, all churches and temples are significant for the community,” the three-judge bench said in a 2:1 majority decision delivered by Chief Justice of India Dipak Misra and Justice Ashok Bhushan. The third judge, Justice S Abdul Nazeer, delivered a dissenting judgment.…

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Parliament must make law to bar politicians facing criminal cases: Supreme Court

The Supreme Court has declined to ban politicians with criminal cases from contesting elections but underlined that it is time Parliament enacts laws to ensure that people with criminal cases do not enter politics. Society has a right to be governed by better people, the judges said while observing that politicians with criminal cases must be “kept at bay”. Such a law should be enacted as soon as possible, it said. “The sooner the better, before it becomes fatal to democracy,” a five-judge bench of the Supreme Court led by…

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35 IIT students reportedly missing, 120 people stranded in snow-hit Lahaul Spiti in Himachal

More than over 120 people are stranded in Khoksar of Lahaul Spiti district of Himachal Pradesh, said Kullu deputy commissioner Yunus. “All of them are safe in local hotels and dhabas in Khoksar, they will be evacuated on Tuesday morning”, he said. News agency ANI had reported that 35 students from IIT Roorkee, who were trekking to Hamta Pass, have gone missing in Lahaul Spiti. “None has complained to me about the missing students in particular. They may be among those stranded in Khoksar. I have checked with the staff…

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65% Pay hike unites Gujarat MLAs after spar over fuel prices

The Gujarat assembly witnessed acrimonious scenes between the ruling Bharatiya Janata Party and opposition Congress legislators over fuel price rise and farm distress. But the session ended on Wednesday with the two rival parties joining hands to give a 65% salary hike to legislators. The new salary structure will be effective retrospectively from December 2017. The Gujarat assembly passed a Bill to increase the salary and allowances of 182 legislators, including ministers. As per the new provision, a legislator in Gujarat will get a monthly salary of Rs 1,16,316, up…

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Citing Burhan stamps, Cop killings, India calls off Swaraj-Qureshi meet

Nearly 24 hours after agreeing to it, the government Friday called off a meeting between the foreignministers of India and Pakistan in New York, citing the brutal killings of three policemen in Jammu and Kashmir and Islamabad releasing postage stamps “glorifying” Kashmiri militant BurhanWani. Announcing the cancellation of the meeting, External Affairs Ministry spokesperson Raveesh Kumar said the incidents “exposed” the “true face” of Pakistan’s new Prime Minister Imran Khan to the world as well as Islamabad’s evil agenda behind the proposal for talks. India on Thursday accepted Khan’s request…

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Shambhulal Regar, Rajasthan man accused of murdering Muslim on camera set to contest Lok Sabha election

A lesser known political outfit, Uttar Pradesh Navnirman Sena, has decided to field Shambhulal Regar — accused of hacking a Muslim man to death and burning his body in Rajasthan’s Rajsamand — as its candidate from Agra Lok Sabha seat. Though Regar is currently lodged in Jodhpur jail, party leaders are confident that he would win the election. The Agra (reserved) Lok Sabha seat is presently represented by former union minister Ram Shankar Katheria who is the chairman of the National Commission for Scheduled Castes (NCSC). National president of UP…

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Ram temple in Ayodhya will help ‘Hindu-Muslim’ peace: Mohan Bhagwat

Construction of a grand temple at Ayodhya, considered the birthplace of Hindu god Ram, will eliminate a big reason for disagreements between Hindus and Muslims, Mohan Bhagwat, the chief of the Rashtriya Swayamsevak Sangh (RSS) said on Wednesday. The RSS is the ideological parent of the ruling BJP. “Ram is Bhagwan (god) for many, but there are some who consider him as an icon of maryada (moral standard), for some he is imam-e-hind (spiritual leader). This is an issue of faith for all sections of society that where his birthplace…

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