Wednesday Evening News Brief, August 30

Wednesday evening brief Aug 30 2017
Good evening!
Here’s everything that transpired during the course of the day…
In major reforms in the Indian Army after Independence, about 57,000 officers will be re-deployed. The reforms to ensure better utilisation of resources will be carried out by December 31, 2019. The ministry said civilians will be redeployed in different wings of the armed forces for improving efficiency. The reform initiatives were recommended by a committee headed by Lt Gen DB Shekatkar (retd).

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A day after severe flooding, Brihanmumbai Municipal Corporation chief said the situation is now under control. The Suburban train services on the western line resumed and the stranded passengers were evacuated. “The quantum of rainfall was extremely high. We had 325 mm of rainfall and there were almost 26 locations where the rainfall exceeded 250mm. So, it was one of the highest unprecedented rainfalls,” BMC Commissioner Ajoy Mehta said.
There will be no tax cut on petrol and diesel to cushion the impact of drastic price hike. “That situation has not come where we should relook at tax structure,” Oil minister Dharmendra Pradhan said. While petrol prices have increased by Rs 6.08 to reach Rs 69.12 a litre in Delhi, the highest since August 2014, diesel rates have risen by Rs 3.65 to Rs 57.01.

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The Reserve Bank of India said only 1.4 per cent of the old Rs 1,000 notes have not come back into the banking system. The central bank said, the cost incurred by RBI in printing notes has doubled to Rs 7,965 crore in the financial year 2016-17 from Rs 3,421 crore in 2015-16. It said that the surge in cost is on account of printing of new currency notes post-demonetisation.

Bangladesh spun their way to a first Test victory over Australia with Shakib Al Hasan’s second five-wicket haul of the match. Chasing 265 to win, Australia lost five wickets in an eventful morning session, and whatever hopes they had were snuffed out when Shakib bowled Glenn Maxwell with the first delivery after the lunch break.

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