Daily Newsletter | Wednesday, March 14, 2018
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| RBI bans all Indian banks from issuing LoUs, LoCs |
| The Rs 12,700-crore fraud at Punjab National Bank has prompted the Reserve Bank of India to ban the use of letters of undertaking and letters of comfort. LoUs and LoCs are two of the instruments issued by Indian banks to domestic importers to get foreign exchange from banks abroad at a cheaper rate. |
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| Sharp drop in US student visas for Indians |
| Statistics for the year ended September 30, 2017 show an aggregate decline of 16% compared to the corresponding previous year, with 4.21 lakh student visas handed out against 5.02 lakh in the year-ago period, according to data released by the US Department of State. |
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| Two green corridors ferry two hearts to recipients |
| The families of the boy and the woman consented to their cadaver organ donations, saving the lives of at least 10 people. With this, the number of cadaver donations has touched 21 in the state this year. |
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