Banks had ‘worst phase’ under Manmohan, Raghuram :Nirmala

New York, Oct. 17: Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the “worst phase” under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving
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Toulouse France and Germany agreed Wednesday on an accord governing the export of jointly developed weapons and defence equipment, removing a key stumbling block to their development of next-generation tanks and fighter jets. “We have finalised a major, legally binding deal on arms exports to fully complete these programmes,” French President Emmanuel Macron said at
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Brussels The EU and Britain looked to be close to nailing down an elusive Brexit deal late Wednesday, just in time to be submitted to a key European summit. If a text emerges forming the basis of a legal treaty, Britain could be headed for a managed withdrawal from the European bloc it has been
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Washington Former US president Barack Obama on Wednesday urged Canadian voters to back Prime Minister Justin Trudeau for another term, calling him an “effective leader.” “I was proud to work with Justin Trudeau as President. He”s a hard-working, effective leader who takes on big issues like climate change,” Obama said in a tweet. “The world
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Davao An earthquake hit the southern Philippines late Wednesday, killing a girl, and injuring more than two dozen people in collapsed houses, and sending thousands of panicked people scrambling out of homes, shopping malls and a hospital, officials and news reports said. The US Geological Survey said the magnitude 6.4 quake was centered about 8
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Seoul South Korea is deploying snipers, installing traps and flying drones along its border as it ramps up efforts to stop wild boars from spreading swine fever from rival North Korea. African swine fever, fatal to hogs but no threat to humans, has wiped out pig herds in many Asian countries. Feral hogs are thought
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New Delhi A team of ED officials on Wednesday reached the Tihar Jail here to question former Union finance minister P Chidambaram in the INX Media money laundering case, officials said. They said the Enforcement Directorate (ED) investigating team is following the procedure after a local court here on Tuesday allowed the central agency to
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Hollister A magnitude-4.8 earthquake has struck a wilderness area of central California. The US Geological Survey says the temblor occurred at 12:42 p.m. Tuesday and was centered about 16 miles (25 kilometers) southeast of Hollister. The quake occurred at a depth of 6 miles (9.6 kilometers). The epicenter area is in a rugged mountain range,
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Luxembourg European Union officials were hoping Tuesday that after more than three years of false starts and sudden reversals a Brexit deal with Britain might be sketched out within hours. The bloc said that it might be possible to strike a divorce deal by Thursday”s EU leaders” summit, which comes just two weeks before the
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Washington India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the World Bank said on Tuesday. India is both critical to the success of global development efforts, including eliminating extreme poverty, and as an influential leader for global goods such as addressing climate
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