News Digest: Cash crunch, thirst for glory killing climbers?

		THE TIMES OF INDIA
		Wednesday, May 25, 2016
		Today's Headlines

		India
		Cash crunch, thirst for glory killing climbers? Faced with govt apathy, Maha farmer sells land to build dam Centre & judiciary's standoff over judges' selection may resume More India News»

		Business
		Online petition backs second term for Raghuram Rajan More than 37,000 people have signed an online petition urging Prime Minister Narendra Modi to appoint Reserve Bank of India governor Raghuram Rajan for a second term. Apple's store plan faces roadblock In a setback to Apple’s plans to open stores in the country, the Foreign Investment Promotion Board (FIPB) has red-flagged a panel’s recommendation to relax the mandatory local sourcing norm for the Cupertino-based company to sell its products through the single-brand retail window. BoI's Rs 6,089cr FY16 loss highest ever by a PSB Losses for public sector banks continue to pile up as they make provisions for large corporate accounts identified by the Reserve Bank of India as ones that need to be classified as defaulters. More Business News»

		Environment
		NGT notice to Environment Ministry on Surajpur wetlands A plea claiming construction of permanent structures and chopping of trees inside Surajpur wetlands in Greater Noida on Tuesday prompted the National Green Tribunal to seek environment ministry's response on the issue. Hangul, the rare Kashmir deer, may soon go extinct The endangered hangul, also known as Kashmir deer, is in the throes of extinction, largely because of human intrusions and domestic livestock grazing at its only habitat. In the last census that was done in 2011, its population was found just over 200, according to the wildlife department figures. Carbon emission helping Octopuses to thrive More Environment News»

		World
		Greek cops evacuate hundreds from Idomeni refugee camp Greek authorities sent hundreds of police into the country's largest informal refugee camp on Tuesday to support the gradual evacuation of the Idomeni site on the Macedonian border. The camp, which sprang up at an informal pedestrian border crossing for migrants, was home to about 8,400 people. 'Plot' revealed against Rousseff, Brazil govt in crisis Phone recordings between the planning minister and a former chief of an oil firm revealed that the impeachment process against the suspended president, Dilma Rousseff, was carried on with the intention of "killing" the investigation into the Petrobras scandal that rocked the political class. More North Koreans defect to South from China Several more North Korean workers have fled their jobs in an overseas restaurant run by the isolated North, South Korea's unification ministry said after a media report said three people had escaped from China and were claiming asylum. This follows a similar defection of 13 Nor Koreans in April. More World News»

		Entertainment
		WATCH: Trailer of Salman Khan's 'Sultan' Bipasha: I could have been easily married twice Karan and Bipasha's first interview on life after marriage. Sridevi: Rare images that should not be missed More Entertainment News»

		Science
		Two 'young' craters discovered on Moon A team of scientists has discovered two geologically young craters — one 16 million years old and the other between 75-420 million years — in Moon's darkest regions. Impact craters tell the history of collisions between objects in the solar system. Millets important source of nutrition: experts A summit was organized in Bhopal by Action for Social Advancement, to sensitize key stakeholders about millet crops with regard to its nutrition, climate change mitigation value, and importance for agro- biodiversity. Gastric surgery should be standard diabetes treatment: Specialists Gastric surgery should be a standard treatment option for diabetes patients, world's leading diabetes organizations said. Surgery for reducing the stomach and induce weight loss should be recommended to patients whose BMI is 40 or over, regardless of their blood glucose control, they said. More Science News»

		Sports
		IPL: AB de Villiers pulls off a heist, RCB reach third final Chasing 159, Royal Challengers Bangalore were in a middle of a royal meltdown at 31 for 5 before AB de Villiers delivered with a brilliant unbeaten 47-ball 79-run knock to help RCB sneak through to their third IPL final. As it happened: Bangalore beat Gujarat to reach IPL final AB de Villiers hit an unbeaten 47-ball 79 as Royal Challengers Bangalore beat Gujarat Lions by four wickets to reach their third IPL final. Djokovic downs Lu to reach French Open second round Novak Djokovic began his pursuit of the only Grand Slam title missing from his collection with a no-nonsense 6-4, 6-1, 6-1 win over Taiwan's Lu Yen-hsun in the French Open first round More Sports News»

		Technology
		Tim Cook's India trip: 10 must-see pictures Here are 10 must-see pictures from the trip. Datawind tops tablet shipments in India, Samsung follows: IDC Indian tablet market in CY Q1 2016 remained flat over previous quarter with total shipments of 0.86 million units (including slate and detachable form factors), according to International Data Corporation (IDC). HTC 10 to launch in India on May 26 HTC’s latest flagship smartphone HTC 10 is all set to launch in India. The Taiwanese smartphone brand has sent out media invites for an event scheduled for May 17, where it will unveil the handset. More Technology News»

		Education
		US tops, India ranked 24th in QS higher education strength rating Doctors with foreign degrees flunk test in India UGC amends norms to give more say to deemed univs More Education News»

		Mumbai
		Two commuters die after falling off train into drain First hurdle for revised DP is Shiv Sena; leaders meet CM Ruling party in BMC urges CM not to give nod to DP Drought check: HC directs govt to put new water regulator in place PILs Seek Pvt Dam Water For Dry Regions More Mumbai News»

		Delhi
		Mishra's mom blasts AAP govt on power, water DJB chief Kapil Mishra’s mother, Annapurna Mishra, on Tuesday took the Delhi government to task on the water and power crises in the city Rainwater harvesting policy before monsoon The Delhi Jal Board (DJB) has finalised its rainwater harvesting policy and plans to roll it out before the onset of the monsoon. Step ladder dragged for metres at IGI A step ladder being used near an operational IGI runway fell and was dragged for metres by Monday’s thunderstorm. Over half a dozen billboards and signage also crashed on the main road connecting Terminal 3 to the city. More Delhi News»

		Bangalore
		Culture policy deferred again due to govt apathy The Karnataka government seems to be in no hurry to implement the state's culture policy drafted by the committee headed by writer Bargur Ramachandrappa which has recommended a secular approach towards the arts. ​ CBSE class 12 students can apply for re-evaluation CBSE class 12 students who have got their results can now apply for verification of marks, obtain photocopy of the evaluated answer books and submit their request for re-evaluation. No stay on cab aggregator rules The high court on Tuesday declined to grant any interim order on a plea seeking quashing of the Karnataka On-demand Transportation Technology Aggregator Rules, 2016. More Bangalore News»

		Hyderabad
		City residents vow to fight to the finish Harried GHMC struggles to raise funds for SRDP Options `Faulty fridge use ups health risk' More Hyderabad News»

		Chennai
		More than 5 mths after flood, these roads remain battered After casting his vote on May 16, M Chandrasekar, who runs a shop on Sivaswamy Salai in Mylapore, was relieved. Compensate if kuruvai fails: Farmers Short-term paddy cultivation in Cauvery delta districts including Thanjavur, Tiruvarur and Nagapattinam is likely to be severely affected with the water storage at Mettur dipping to 16 tmc. K'taka drought, low Mettur levels may hit 'kuruvai' in TN Among the first challenges that the new AIADMK government will face will be saving the kuruvai, the short-term paddy crop between June to September in districts fed by the Cauvery. More Chennai News»

		Ahmedabad
		'Leopard, sloth bear population up by 15%' Wildlife enthusiasts may have some reason to cheer.Gujarat forest officials say that the leopard and sloth bear census is likely to show a substantial increase in numbers. Gujarat to abolish NRI quota in medical colleges The Gujarat government has decided to bring an ordinance to abolish 15% NRI quota from self-financed medical colleges. Health minister and government spokesperson Nitin Patel said, "Ordinance to abolish NRI quota will be approved by the cabinet on Wednesday as majority of benefits was taken by non-Gujarati students from other states." Discoms get GERC nod to hand out LED bulbs under Ujala scheme Gujarat Electricity Regulatory Commission (GERC) has accorded approval in-principle to state-run, as well as private power distribution companies in Gujarat, for implementation of Domestic Efficient Lighting Programme (DELP), which is now known as Ujala. As part of the scheme, these power discoms (electricity distribution companies) will provide LED bulbs to consumers in their respective service areas. More Ahmedabad News»

		Allahabad
		Witness case: Atiq, Puja appear in court Taking their appearances on record, additional sessions judge Alok Shukla fixed June 4 as the next date of hearing. Vaccination for Haj to begin May 26 Arrangements have been made for vaccination of those going for the annual Haj pilgrimage.The vaccination will be given for three days starting from May 26. Blackout in Sangam, but it's a welcome relief from heat Denizens were in for some relief from blistering heat after Sangam city experienced thunder-showers late on Monday.Most parts of the city were left without electricity for hours. More Allahabad News»

		Bhubaneswar
		ECI issues notification for biennial polls to Rajya Sabha BJP plans six rallies in Odisha Odisha promulgates ordinance to ensure official use of Odia The Odisha government promulgated an ordinance for the mandatory use of Odia in official communication. More Bhubaneswar News»

		Bhopal
		Satpura plant: PCB files case against Genco chief 490 Race for Rajya Sabha nominations hots up BJP Poll Panel Meet Tomorrow To Decide Party Candidates Nine-member WWF team visits Panna tiger reserve To study its tiger re-introduction programme (270) More Bhopal News»

		Chandigarh
		For cow slaughter, give Rs 9,000 to gaushala: HC In March 2015, the Haryana assembly unanimously passed one of the most stringent Acts against cow slaughter – the Haryana Gauvansh Sanrakshan and Gausamvardhan Act – which included rigorous imprisonment up to 10 years and a fine of up to Rs 1 lakh. Bailable warrant against Saini A Kurukshetra court on Tuesday issued bailable warrant against BJP's local MP Raj Kumar Saini after he failed to appear in a case filed in May last year for promoting enmity between different groups. The warrant was issued after the MP refused to respond to court notices. Politics over Prakash panel report hots up Haryana is witnessing hectic politicking over the report of Prakash Singh Committee that had probed the role of officers in violence during Jat agitation for reservation in February. More Chandigarh News»

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Are you financially literate? Find out how clear you are about investing

THE ECONOMIC TIMES Tue, May 24, 2016 | 09:33 AM IST ET Wealth Newsletter

WHAT'S HOT #HealthInsurance,#TermInsurance

Are you financially literate? Find out how clear you are about investing Knowledge about financial products is growing but investors continue to have misconceptions. Find out how much you know about money matters. Banking sector: More bad news expected Poor March quarter numbers indicate more bad news in the offing. Experts say prices not cheap. Is the worst over for banking stocks? Quality real estate stocks good long term investment now However, this comes with a caveat. Investors need to be careful because the situation is expected to get worse for the sector in the short-term. From our Partners 8 health insurance jargons explained The fine print of health insurance plans and the insurance jargon may cost you dearly. Here's an explanation of a few common terms used in health insurance policy for a better buying experience. From our Partners What do you do after a car accident? How to turn your blog into a money-making venture What was once just a way of making money on the side has now become a full-fledged profession, with various revenue channels opening up. How much financial advice do you need? Your need for advice will depend on your financial circumstances and knowledge levels. ET Wealth tells you how much advice you need and where to look for it. Perils of being financially 'literate' 'Knowledgeable' people are more likely to make poor investing decisions. Want to be happier, more productive at work? Make friends in office You stand to be more successful, productive and energised if you have friends at work. From our Partners How to meet out-of-pocket expenses with Daily Hospital Cash plans There could be out-of-pocket and incidental expenses during hospitalization which even a Mediclaim policy does not reimburse. A Daily Hospital Cash plan comes handy in tackling such medical costs. From our Partners All about critical illness plans and how to choose one Buying a health insurance plan may not be sufficient. Get a second level of protection through critical illness plan for self and family.

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

How can one control monthly expenses? Even small measures ultimately end up giving one a sense of control over one's finances. Allow young women to use their financial independence to pursue their goals Given the opportunity, bright young girls can decide on a career of their choice and then get a grip on their finances. Cheap valuation makes analysts bullish on South Indian Bank despite NPA concerns Low valuation offers comfort to long-term investors, even as asset quality concerns mount. 42-year-old Prasad can cut tax outgo by tweaking pay package, investing more in NPS ET Wealth advises readers on how to restructure their income, investments and expenses to optimise their tax. Smart things to know: How to authenticate a signature Signatures can change over time. Here are five things to know how to authenticate a signature. How to lodge a consumer complaint online If you have any grievances about the quality of a brand, product or service, you can file a consumer complaint and seek redress. Advisers role is to take up risk for the investor: Swarup Mohanty, Mirae Asset Global Investments "A disciplined approach to investing, with a focus on quality, along with diversification, has helped us deliver satisfactory returns." Kohlis need to correct skew in asset allocation to meet financial goals "I want to clear all my liabilities at the earliest. I also want to know what to do with my real estate purchases before I retire." — Surjeet Kohli Mumbai-based startup Parsel helping companies deliver goods on time From left: Akhil Sharma, CTO; Rakesh Kanni, COO; and Himanshu Meena, CEO, Parsel. Indian women earn 27% less than men: Monster report While job satisfaction has risen, there is a high pay disparity between men and women, reveals the latest Monster Salary Index (MSI) report. Cheap valuation makes analysts bullish on South Indian Bank despite NPA concerns Low valuation offers comfort to long-term investors, even as asset quality concerns mount. Nearly 50% investors don't understand the impact of compounding The power of compounding works not just in investments but in other financial products as well. NPA Crisis: Stay away from PSU banking mutual funds Investors willing to bet on the banking sector should not restrict their exposure to PSU bank focused funds.

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