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RBI to launch campaign to make public aware of central bank’s regulations, initiatives

Loknath Das

The Reserve Bank is planning to launch a full-fledged multi-media and multi-lingual campaign to create general awareness among citizens about the regulations and initiatives of the central bank. RBI’s department of communication has sought applications from advertising agencies for designing the creatives for pan-India public awareness campaign. “The campaign will be in 14 languages – Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Sindhi, Tamil, Telugu, Urdu, and English with focus on regional languages,” said the expression of interest document floated by the RBI in this regard. The media…

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Travel tips, how to explore the best of London on a budget

Loknath Das

The sun-kissed scenes from Meghan Markle and Prince Harry’s storybook wedding at Windsor may have put you in the mood to visit the Old Country. But what if you’re just looking to feel like a prince (or princess), not spend like one? Here are a few tips on enjoying London on a budget. (Just don’t count on the sunshine that blessed the royal wedding in a place where on average it rains about one out of every three days.) GO LOW (SEASON) London’s high season is late spring and summer…

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Visit this place in Argentina for the best combination of luxury and nature

Loknath Das

It was about 8 pm, and a cacophany of chirping birds and cicadas filled the inky darkness. If a large animal—a tapir, perhaps, or a jaguar—snapped branches or scampered through the bush, it would have been hard to hear it. My ears strained, my pulse quickened, as I surveyed the dense jungle ahead with a flashlight, waiting to spy a flash of green eyes… Not many visitors make it to this part of northeastern Argentina, despite its Urugua-í Provincial Park being just a 2.5-hour drive from Iguazu Falls, one of…

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IITs see fall in number of students qualifying, to hold emergency meeting

Loknath Das

The Joint Admission Board (JAB) has called an emergency meeting on Wednesday to discuss the issue of increasing the number of qualified students for Joint Entrance Examination (JEE) Advanced, responding to concerns over the likely situation of seats going vacant. This year, the result of the JEE Advanced 2018 declared by the Indian Institute of Technology (IIT) Kanpur on Sunday witnessed a drastic fall in the number of candidates who qualified. Students who clear JEE Advanced are eligible to take admission in any one of the 23 IITs all over the country….

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Buy Repco Home Finance; target of Rs 684: Cholamandalam Securities

Loknath Das

Cholamandalam Securities’ research report on Repco Home Finance   RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% growth in TN and 20-25% growth in ex-TN regions) and disbursements by 35-36% in FY19E. Growth in loan book was led by salaried segment (18.8%YoY). Non-salaried segment witnessed a moderate…

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Trapped in debt? Here’s how to get out of it

Loknath Das

Once you get into the habit of using credit cards by paying the minimum amount, your free credit period is over. For all purchases from next month, you will be paying interest at the rate of 36-48% a year. Photo: iStockphoto Experts say debt usually has a major impact on emotions. Mounting debt can bring stress and unhappiness. However, the good news is if you deal with it systematically, you can get out of the trap sooner than you expected. If you are one of those who has been struggling…

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CBSE: Retest of economics paper will not delay Class 12 results, says official

Loknath Das

The leak was exposed after an envelop containing four images of the hand-written economics paper was delivered to the CBSE headquarters in Delhi on the evening of the scheduled day of the examination—26 March. Photo: PTI New Delhi: An official of the Central Board of Secondary Education (CBSE) has said that the re-test of the Class 12 Economics paper, held on 25 April, nearly a month after it was leaked, will not delay declaration of results. “The results will be declared on time as the evaluation is in advanced stage despite…

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Indians dumping cars in favor of Uber, Ola in cities like Bangalore, Mumbai: Reasons

Loknath Das

Indians are now buying fewer cars in the bigger cities, and now there are numbers to support this. In the last 12  months between April 2017 and March 2018, car sales in Mumbai dipped by a whopping 21%, 11% in Bangalore and 4.5% in Chennai. In Delhi, which has India’s highest car penetration, sales grew by just 1.6%. So, why are Indians living in big cities buying fewer cars? Here are some reasons. Rise of Ola and Uber Cab aggregating apps such as Ola and Uber have made the second car…

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Dashcam footage of Kishtwar-Killar ‘The Cliffhanger’ highway gives us the chills

Loknath Das

The Kishtwar-Killar road, also known as The Cliffhanger, is a frighteningly high mountain trail in the eastern part of Kishtwar district of Jammu. With a length of 114 kms, the Kishtwar-Killar stretch is a really narrow, winding road that is said to be one of the most dangerous in the world. Here is a dash-cam footage from a vehicle that has trodden on this stretch in the recent past. As can be clearly seen in the video, it’s a tar-less narrow stretch with a great gorge on one side and…

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Standard of entrance exam for AIIMS cannot be diluted, says Supreme Court

Loknath Das

The Supreme Court has said that the standard of entrance examination for premier medical college AIIMS cannot be diluted and has refused to do away with the online MBBS under-graduate entrance test for this year. Some candidates have challenged the AIIMS online entrance test for MBBS courses to be held in May 26 and 27 in two shifts each day depending on the number of students taking the exam. “In view of the difficulties pointed out in holding the off-line examination and the vulnerability of the same and advantages of…

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