Monday Evening News Brief, June 12

Monday evening brief Jun 12 2017
Good evening!
Here’s everything that transpired during the course of the day…
RBI is at an advanced stage of preparing the list of top loan defaulters, Arun Jaitley has said. The Finance Minister also clarified that the Centre will not be part of a state’s fiscal leverage in waiving farm loans and the cost has to be borne by the states. On the subdued loan growth, Jaitley made the point that banks are making best efforts through the available infrastructure to give the credit when they are asked for.
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The Central Board for Secondary Education (CBSE) has said it will declare the NEET results by June 26. This comes after the Supreme Court today ordered that the results of the 2017 National Eligibility cum Entrance Test (NEET) be declared by June 26, thereby overruling a stay the Madras high court had issued. The top court has also directed all high courts not to entertain any petition on the 2017 NEET.
Retail inflation in May cooled to a new record low of 2.18 per cent from 2.99 per cent in April, government data has revealed. May’s inflation level is the lowest since the series began in 2012 and remains below the Reserve Bank of India’s (RBI) medium-term target of 4 per cent for the seventh month in a row. Today’s data would increase the pressure on the RBI to cut interest rates in the days to come.
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The government is not allowing ‘1,000s of journalists to write what they want,’ Congress leader Rahul Gandhi has said. Referring to the BJP government, Rahul Gandhi tweeted saying: “Today in India the Power of Truth is being completely replaced by the Truth of Power”. Whoever attempts to tell the truth is threatened and silenced, Rahul said, adding that he is open to and encourages criticism.
After President Xi Jinping’s ‘snub’ in Astana, Pakistan is scrambling to please China. Pakistan’s Khyber Pakhtunkhwa government said it has raised a special, dedicated, 4,200-strong force for the security of foreigners and has also decided to collect details on all Chinese nationals working in the province so that the security could be provided to them. Huge ‘protection forces’ – comprising over a thousand people – will bolster the 15,000-strong army division, Reuters said.
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