Daily Newsletter | Monday, May 29, 2017
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| In Germany, PM Modi to hardsell India’s economic reform initiatives |
| PM Modi to embark on 4-nation tour today of Germany, Spain, Russia and France. This tour is aimed at boosting India’s economic engagement with these nations and inviting more investment. In the first leg of his 6-day trip, he will visit Germany, where he will hold talks with Chancellor Angela Merkel. |
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| I have to maintain my troops’ morale: Gen Rawat |
| “This is a proxy war. Proxy war is a dirty war. It is played in a dirty way. The rules of engagements are there when the adversary comes face-to-face and fights with you. It is a dirty war… That is where innovation comes in. You fight a dirty war with innovations,” Gen Rawat told the media. |
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| Positive criticism strengthens democracy: Modi |
| Stating that he believed governments must be accountable in democracy and they must give report cards to the people, Modi said, “An audit and assessment of the performance of the present government in the last three years is happening all over on newspapers, social media or TV for the last 15 days. |
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| CBSE class 12 results: Boys outshine girls, Bareilly boy tops division with 98% |
| Bucking the nationwide trend, boys outperformed girls by securing top three ranks in the city. City boy Anant Agarwal topped Bareilly division with a whopping 98% marks in CBSE class XII exams whose results were declared on Sunday. Prasoon Dutta of Kendriye Vidyalaya, Aonla, bagged the second position with 97.6% and Kushagra Sharma was on the third spot with 97%. |
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| Just Dial goes back to the basics to spur growth |
| At a time when innovation is king for online businesses to beat the competition and stay ahead in the numbers game, one of India’s oldest and the first listed online classifieds player Just Dial is going back to the basics to spur growth. |
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| Top seed Kerber suffers historic French Open defeat |
| World No. 1 Angelique Kerber was dumped out of French Open, going down 6-2 6-2 in a first-round defeat to Ekaterina Makarova. She became the first top seeded woman to lose in the opening round of French Open since the sport went professional in 1968. |
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| IOC overtakes ONGC to become India’s most profitable PSU |
| Indian Oil Corp, which has for decades been India’s biggest company by turnover, posted a 70% jump in net profit to Rs 19,106.40 crore in the financial year 2016-2017. ONGC was long India’s most profitable company but lost the crown to private sector Reliance and TCS a couple of years back. |
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| Banks write off Rs 2.2L crore of bad loans in 5 years |
| Banks and the RBI have often stated that these write-offs are just technical in nature and an exercise to clean up the balance sheets. They have further argued that banks continue to retain the right to recovery from these written-off accounts. |
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