Mumbai school shut since August 25; high court asks Maharashtra to clarify stand

The Bombay high court on Wednesday directed the Maharashtra government to clear its stand over shifting of Matoshree Kashiben Vrajlal Valia International School at Borivli (West). The secondary division of the Central Board of Secondary Education (CBSE) school has remained shut since August 25. The division bench of Justice Anoop Mohta and Justice Bharati Dangre said the state authorities should take a proactive stand for resolving the issue and posted the petition filed by Borivli residents Tushar Shah and Pragnesh Gopani, whose children are studying in the school, for further…

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‘We got Christmas back’: readers mark 25 years since fall of Soviet Union

After years of food shortages, rising nationalist movements and an attempted coup, Mikhail Gorbachev, the president of the Soviet Union, resigned on Christmas Day 1991. His resignation 25 years ago was the final nail in the coffin of the USSR. To mark the anniversary we asked our readers across the region to share their memories of the monumental events, and to tell us how they felt about the change from a communist, collective system, to a capitalist one. For many readers who got in contact, these memories are tinged with…

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Bank of England set to cut rates as survey flags sharpest UK downturn since 2009

Britain’s economy is shrinking at its fastest rate since the financial crisis after last month’s Brexit vote, making a Bank of England rate cut on Thursday a “foregone conclusion”, a closely watched survey of businesses showed. Financial data company Markit said its monthly all-sector Purchasing Managers’ Index chalked up the steepest month-on-month decline on record after big falls in activity at private-sector services, manufacturing and construction firms. “The unprecedented month-on-month drop in the all-sector index has undoubtedly increased the chances of the UK sliding into at least a mild recession,”…

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