Must Read News Articles – September 12, 2018

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BIMSTEC embarrassment for India

India is facing an embarrassing situation at the first ever military exercise of the regional grouping BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) with Nepal and Thailand backing out from sending full contingents

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Small loans could turn bad: Rajan

Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card.

Damage to Aravallis scary, says SC

The Supreme Court on Tuesday ordered the demolition of structures built illegally by a prominent builder in the protected forests of the Aravallis, noting that ecological damage done by colonisers to the ancient hills was irreversible and “quite frightening.”

AAI shelves water aerodrome project in Chilika Lake

The Airports Authority of India (AAI) has dropped the proposed water aerodrome project at Chilika Lake in Odisha, according to a senior official.

India’s first missile tracking ship is readying for sea trials

Considered a “topmost secret project”, a lot of confidentiality is being maintained in executing the project costing about ₹750 crore. It will be named after its induction into the Indian Navy. For now, it is simply referred as VC 11184.

Avoidable suspense

SEBI could have handled better the issue of Indian-origin foreign portfolio investors

Bankruptcy court should be the final option: Rajan

Former RBI Governor Raghuram Rajan is of the view that bankruptcy court should be the final option and loan renegotiation should be done under its shadow, not in it.

SC orders status quo on RBI’s February 12 circular

The Supreme Court on Tuesday ordered status quo on the implementation of a February 12 circular of the Reserve Bank of India which mandates insolvency proceedings for a debt servicing default beyond 180 days.

How localization of data will affect firms, consumers

Data localization has taken centre stage after the release of a draft e-commerce policy and the Srikrishna report. Now, Google has agreed to comply with the Reserve Bank of India’s data localization norms.

Number of people suffering from hunger increasing, UN report

The analysis has revealed, in 2017 around 821 million people were undernourished. It was also stated that two per cent of the total global pollution have had their growth stunted owing to lack of sufficient nutrition.

Law to protect HIV/AIDS patients take effect

In India, 0.26% of the people between the ages of 15 and 49 years are living with HIV, according to a report by National AIDS Control Organisation (NACO).

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