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Top Headlines: Eco Survey-2 flags risks to growth, backs rate cuts as inflation eases

Times of India

Daily Newsletter | Saturday, August 12, 2017
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Eco Survey-2 flags risks to growth, backs rate cuts as inflation eases
“Optimism about the medium term and gathering anxiety about near-term deflationary impulses simultaneously reign over the economy,” said the survey, authored by chief economic adviser Arvind Subramanian.It said farm loan waivers could reduce aggregate demand by as much as 0.7% of GDP, imparting a significant deflationary shock to an economy yet to gain full momentum.
30 kids die in 48 hrs in Gorakhpur hospital
An inquiry committee has been set up to ascertain the exact causes of the deaths and it has been asked to submit its report by tomorrow evening. Sources said the supply of oxygen to the hospital was stopped on Thursday night due to non-payment of dues to the firm engaged in supplying oxygen to the hospital.
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In jolt to opposition, NCP skips crucial meet
NCP’s decision to stay away from the gathering came as a jolt to the opposition which has just lost JD(U) after Bihar CM Nitish Kumar returned to the NDA-fold. There are fears in Congress that NCP chief Sharad Pawar may be drifting towards BJP too.


Jiah death: HC allows mom to modify plea on special prosecutor in case
The Bombay high court on Friday allowed British citizen Rabia Khan to make changes to her petition to allow her to challenge the Maharashtra government’s decision to withdraw the appointment of a special public prosecutor in her daughter actor Jiah Khan’s death case.
Fadnavis announces Lokayukta probe against housing minister
Chief minister Devendra Fadnavis announced probe by the Lokayukta against housing minister Prakash Mehta and said that the state will request Lokayukta to conduct an inquiry on industries minister Subhash Desai too for allegations that he denotified MIDC land to benefit private developers.
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CAG slams BMC over its sewage collection system
The CAG in its report on local bodies for the year ended March 31, 2016 was tabled in both the Houses of Maharashtra legislature today.


Google’s just rewarded $10,000 to a high school student, read why
Cyber security and secured networks is something that Google is renowned for and lives by their reputation.
Micromax to launch smartphone with infinity display on August 22
Domestic smartphone maker Micromax is all set to launch its latest smartphone in India.
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Samsung launches Bluetooth headphones starting at Rs 1,800
Consumer electronics giant Samsung has launched its global range of portable speakers and headsets in India. The product range includes Level Box Slim, Bottle and Scoop speakers and Level Active and Rectangle headset.


Jadeja suspension: Kohli wants consistency in ICC rules
Missing the services of premier spinner Ravindra Jadeja due to a suspension, Indian captain Virat Kohli urged the ICC to be more consistent in implementing rules pertaining to the players’ code of conduct.
Olympic Task Force submits final report to government
The eight-member Olympic Task Force (OTF) constituted to recommend the roadmap for improving India’s performance in the next three Olympics on Friday submitted its final report to the government.
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BCCI is not above god, says angry Sreesanth
An irate S Sreesanth vowed to make a competitive comeback despite BCCI’s decision to appeal against the lifting of the life ban on the tainted pacer. BCCI decided to appeal to the Division Bench of Kerala High Court against lifting of life ban on the 34-year-old.


Bring back Narayana Murthy as Chairman Emeritus, says ex- CFO of Infosys
“As Chairman Emeritus, people can look up to him to give his views…these are (views on) governance, nothing to do with management, strategy and all that. May be Murthy should come back as Chairman Emeritus, where he has no operational responsibility,” Mohandas Pai said.
Sensex slips more than 300 points, Nifty crumbles too as markets crash
The 30-share BSE Sensex slipped 317.74 points to close at 31,213.59 while 50-share NSE Nifty came down by 109.45 points to close at 9,710.80. Analysts believe that this major correction in markets was due after the emphatic bull run it saw in the last couple of months.
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Pahlaj Nihalani sacked, Prasoon Joshi to be new CBFC chief
Noted adman, song-writer and poet Prasoon Joshi is expected to take charge. Nihalani has been embroiled in controversies since his appointment as the chief of the 23-member board in January, 2015. His candidature as the CBFC chief was said to have been pushed by the RSS.
Ekta Kapoor shares candid click with nephew
Doting sister and now a ‘bua’ Ekta Kapoor shared an adorable picture with the apple of her eye – Laksshya.
Amitabh Bachchan injures rib, continues shooting
Amitabh Bachchan is one of the most active actors in Bollywood and can easily give the youngsters a run for their money. According to reports, the actor had cracked his upper-left rib and had excruciating pain in his lower back, but despite all odds, he refused to take a break and continued the shoot to accommodate the tight schedule.
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Copyright 2017 Bennett Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

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