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Bihar IAS officers protest colleague’s arrest

Bihar’s IAS Association members on Sunday protested against arrest of their senior colleague Sudhir Kumar in connection with question paper leak of Bihar Staff Selection Commission last week. The IAS association, after holding its meeting here, described his arrest as “wrong”. More than 50 IAS officers, ranging from Principal Secretaries …

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India’s forex reserves inch lower by $57 mn

India’s foreign exchange (Forex) reserves marginally fell by 56.8 million as on February 17, 2017 official data showed on Friday. According to the RBI’s weekly statistical supplement, the overall Forex reserves decreased to $362.72 billion from $362.78 billion for the week ended February 10. Segment-wise, the Foreign Currency Assets (FCAs) …

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Non-life insurers’ premium income grows over 37% in January

Non-life insurance companies posted over 37 per cent increase in their gross premium income (direct premium income underwritten) to Rs 12,123.53 crore in January as compared to Rs 8,840.90 crore in the year-ago month. According to data compiled by the Insurance Regulatory and Development Authority (IRDA), private sector insurers’ gross …

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Focus now needed on stopping black money flow: Subramanian

India’s Chief Economic Advisor Arvind Subramanian on Friday said that after the attack on black money through demonetisation, the country should now focus squeezing its flow. Delivered a talk on “The Surprise that is the Indian Economy” at the Indian Institute of Management, Ahmedabad, he said the need was to …

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Chinese commission bars 4th richest man for 10 years

China Insurance Regulatory Commission has barred Yao Zhenhua, the fourth-richest man in the country, for 10 years for irregularities in the purchase of shares of a real estate firm, the media reported on Saturday. Yao, founder of the financial conglomerate Baoneng, provided false information for the authorisation to increase the …

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Rare luminous nebula poses cosmic puzzle

Astronomers have spotted an enormous, glowing blob of gas in the distant universe, with no obvious source of power for the light it is emitting. Called an “enormous Lyman-alpha nebula” (ELAN), it is the brightest and among the largest of these rare objects, only a handful of which have been …

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SpaceX cargo aborts docking at space station

Scientists are reworking plans for the arrival on Thursday of the SpaceX Dragon cargo craft after its docking with the International Space Station was aborted early Wednesday morning, NASA said. SpaceX on Sunday launched its 10th cargo mission to the space station from the historic Launch Complex 39A (LC-39A) — …

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Russian cargo craft arrives at space station

The unpiloted Russian Progress 66 cargo ship docked at the Pirs Docking Compartment of the International Space Station on Friday, NASA said. “Today’s arrival of the Progress 66 cargo craft, just 24 hours after the capture of the Space X Dragon, makes four spaceships at the International Space Station,” the …

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Maha Shivaratri celebrated across Bengal

The festival of Maha Shivaratri was on Friday celebrated in West Bengal amid traditional fervour as hundreds of thousands of devotees thronged Lord Shiva temples across the state. Women of all ages fasted through the day, and offered milk, curd, honey and ghee at ‘shiva-lingas’. After paying their obeisance to …

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