Thursday evening news brief, Dec 28 2017

Thursday evening brief Dec 28 2017
Good evening!
Here’s everything that transpired during the course of the day…
The govt has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month. The move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor. The monthly price hike scheme was mooted in June 2016 to gradually eliminate subsidies. The order was withdrawn last October, a top source said. Read
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With 9.85% ratio of bad loans in banks, India in among the top 5 major nations with very high NPAs. Only major countries with a higher non-performing assets ratio are Portugal, Italy, Ireland and Greece, a report by ratings agency CARE says. However according to economists, Indian has the advantage of being a higher growth economy. This puts it in a better position related to the other high-NPA countries in Europe.
India is engaged with China on the issue of the Kailash Mansarovar Yatra via the Nathu La route. Yatra through this route was not undertaken this year in the aftermath of the military face-off between India and China in Doklam. The issue was also raised by external affairs minister Sushma Swaraj with her Chinese counterpart Wang Yi during a meeting in New Delhi a fortnight ago.
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Nepal has rejected India’s offer to jointly remeasure the height of Mt Everest. Nepal will, however, seek help from India and China for getting crucial data for the exercise, an official of Nepal’s survey department said. Sources in New Delhi indicated that China could be behind Nepal refusing India’s proposal, as the peak is on the Sino-Nepal border.
The government does not want Air India to go the Kingfisher way, civil aviation minister Ashok Gajapathi Raju said. Confirming that the disinvestment process of the national carrier has been initiated, Raju said the government does not want any Air India employee to lose job. He said a ministerial committee headed by Arun Jaitley is looking into the disinvestment of Air India and everyone is welcome to give suggestions.
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