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. |
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| 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. |
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| 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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| 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. |
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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. |
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| 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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