Most of the NBFCs do not take public deposits but that does not mean they cannot create systemic risks. The banking system has at least Rs 57,000 crore exposure to IL&FS. Haven't the banks invested public money in IL&FS papers, asks Tamal Bandyopadhyay.
Nepal Police has urged the public to return any valuables, including gold, silver, cash, or documents, found after the August 26 floods, warning that keeping such items could lead to legal action. This warning follows the arrest of 29 people for allegedly looting a bank safe swept downstream by the floods.
Chinese officials warn that glaciers on the Tibetan Plateau are becoming increasingly unstable, leading to a higher risk of flash floods and other disasters, as evidenced by a recent deadly ice-rock avalanche near the Nepal-Tibet border. The region has seen a significant reduction in glacier area, and scientists are calling for advanced monitoring systems to predict these complex events.
Nepal's devastating flash floods have claimed 1,127 lives, with thousands still missing a week after the disaster. Rescuers are intensifying efforts to find survivors and recover bodies across affected regions, while police work to identify victims and relocate families from high-risk areas.
Tensions in West Asia have dramatically escalated as Israel launched targeted military operations against Iran, triggering widespread blasts across strategic cities, following earlier Iranian projectile attacks on Israel.
For those, like me, who backed the Reddy-Mohan approaches to monetary and regulatory policies, the continuity shown by Subbarao's RBI is very heartening. For earlier critics of these approaches there may be some disappointment and discomfort.
US-Israel air attacks intensified on the seventh day of war, striking Tehran and other Iranian cities.
There are sacred sites dedicated to fertility and blessings. Couples journey miles to offer prayers, strange symbols, or even carved idols. Join us as we explore the world's fertility temples.
If women voters are mobilised in big numbers to the voting booths on November 6 and 11 by the Nitish Kumar-led NDA, then it will be quite difficult for the Tejashwi Yadav-led Mahagathbandhan to defeat the incumbent government, points out Sheela Bhatt.
The Deepa Thoon controversy, if not allowed to die a natural death, could take the election focus away from the anti-incumbency impacting the DMK and into the secular space. Stalin would love to have it that way, all over again, after the three past elections, points out N Sathiya Moorthy.
Maharashtra Navnirman Sena chief Raj Thackeray on Wednesday asked what was the need to "impose" Hindi on students and appealed to schools in Maharashtra to foil the government's "hidden agenda to deliberately create a language divide".
A 2008-style bank run seems unlikely, but if it did happen, the sector is much better prepared.
Israel comes under attack from a barrage of Iranian ballistic missiles.
The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
PS banks need to pull up their socks to improve cash flows.
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
Widespread suspected match-fixing exists at the top level of world tennis, including at Wimbledon, according to secret files obtained by the BBC and online BuzzFeed News.
People spent a sleepless night as a series of aftershocks shook Assam after a strong 6.4 magnitude earthquake caused extensive damage to buildings.
As the mercury keeps moving up in the wake of rising temperature, poll fever is also soaring northward in Tamil Nadu which will witness a fierce fight for the 39 Lok Sabha seats between ruling All India Anna Dravida Munnetra Kazhagam and Dravida Munnetra Kazhagam, even as a six-party BJP-led alliance is trying to play spoilsport.
Will Vijay will go the most successful MGR/Jayalalithaa way, or that of Vijayakanth, Seeman or Kamalahaasan, or will he end up as another Rajinikanth who cries wolf at the last minute and quits the scene even before it all had really begun, asks N Sathiya Moorthy.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
The story of Iceland is the story of life, notes Payal Singh Mohanka after a recent journey to that fascinating land.
Violence had rocked West Bengal's rural polls on Saturday, leaving 15 people dead while ballot boxes were vandalised, ballot papers torched, and bombs thrown at rivals in several places.
The office building housing Chinese supercomputer Tianhe-1, one of the world's fastest supercomputers, suffered damage.
These images prove we live in a wonderfully weird world.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
'If you behave like a nail, the adversary will behave like a hammer.'
A massive landslide in western Nepal has blocked a river that also flows through India, forcing thousands of people to flee to safety and triggering fears of a flood, officials said on Sunday.
Shah said the revocation of the special status has paved the way for development in Jammu and Kashmir and it will be a "final nail in the coffin of terrorism".
A treat for bird lovers! The National Audubon Society announced the winners of the 2020 Audubon Photography Awards. Known the for highlighting some of the most spectacular bird photography in the world, this year's contest winners did not disappoint. This year's winners were selected from over 6,000 submissions that came in from photographers across all 50 United States, Washington DC, and seven Canadian Provinces. The goal of the awards is to highlight images that "evoke the ingenuity, resilience, and beauty of birds small and large, terrestrial and aquatic." We'll let you decide if they succeeded.
Lieutenant General Harinder Singh, who commands the 'Fire and Fury' 14 Corps, has the experience and talent to face down the Chinese challenge. The general is a rare combination of thinker and tough-minded doer, observes David Devadas.
Gazing upon the prize-winning images of the Siena International Photo Awards 2019 is something of a roller coaster experience. The overall winner is a compelling picture of a boy trying to retrieve his ball behind an armed guard in Liberia, taken by British photographer Jonathan Banks. He was up against some extremely talented competition, as our selection shows.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
'The lush green of Kashmir was exactly like the postcards and posters I had seen growing up.'
The spectacular Milky Way over the picturesque Bavarian mountain, Herzogstand, the remarkable Horsehead Nebula and the Flame Nebula, a vast cloud of gas and dust where new stars are being born; the Royal Observatory's Insight Investment Astronomy Photographer of the Year 2019 has once more received thousands of outstanding images. The competition, which is run by the Royal Observatory Greenwich, sponsored by Insight Investment and in association with BBC Sky at Night Magazine, is now in its eleventh year and has broken the record number of entries once more, receiving over 4,600 entries from enthusiastic amateurs and professional photographers, taken from 90 countries across the globe. The winners will be announced on September 12, and an exhibition of the winning images from the past years of the contest will be on show at the National Maritime Museum in Greenwich from September 13.
We bring you a presentation of some of the best photos from around the world in the month gone by
Here's this week's collection of wacky and funny stories from around the world.
In 2012, with one million deaths, China reported the highest toll from PM2.5 and PM10 pollution. At the time, India followed, reporting 621,138 deaths, nearly 10 per cent of the global toll associated with outdoor and indoor air pollution
Images of the events that shaped the world in March.
