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Sunday morning news brief, May 6

May 6, 2018
Sunday morning brief May 6 2018
Good morning!
Here’s everything you need to know to start your day…
Bangladesh has backed India’s entry into the Organisation of Islamic Cooperation (OIC) as observer. Bangladesh minister Abul Hasan Mahmood Ali, during a meeting of OIC foreign ministers in Dhaka on Saturday, called for reforms in the organisation that can pave the way for countries like India, which are not Muslim majority, to get an observer seat in the OIC. Read
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The number of EB-5 visas issued to Indians touched a record 174 between October 2016 and 2017. Under the EB-5 visa programme, also dubbed as ‘cash for visa’, individuals can apply for lawful permanent residence in the United States (this is not citizenship) for themselves, their spouse and children below 21 years, if they make the necessary investments and create at least 10 permanent full time jobs for US workers. The current minimum threshold investment limit is US$ 1 million (Rs 6.5 crore).
India captain Virat Kohli, in an interview with TOI, said it is not the victories but defeats that teach you everything. “Victories don’t teach you anything. All the bad phases in my life have made me a better person,” Kohli said. The India team captain said that a lot of people not needed in your life get filtered that way. “You know what their priorities are when you hit a low. I actually feel grateful when I go through a low time. It has helped me out over the years,” he added.
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Bankers fear the prevailing cash crunch may deepen with unsoiled Rs 100 denomination notes “becoming scarce” too. Just like Rs 200 and Rs 2,000 notes, the Rs 100 denomination notes – especially the ones that can fit into ATM cassettes – are in short supply too, the bankers said. “This is happening as many of the available Rs 100 notes are soiled and unfit to be placed in the ATMs. Some of them even date back to the year 2005,” they added.
Air traffic via India feeds busiest international routes. The three-hour trip linking Mumbai to Dubai may be the busiest route out of India, but is not among the Top 20 busiest in the world on flight volume. Indian airports still play a supportive role in shaping the rankings- for transit passengers on the Singapore-Kuala Lumpur route, Delhi and Tiruchirappalli in Tamil Nadu rate as the fourth and fifth most popular destinations respectively.
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