Amid Slowing Growth, RBI To Make Rs 1.76 Lakh-Crore Payout To Government

The Reserve Bank of India's Central Board on Friday decided on a payout of Rs. 1.76 lakh crore to the government, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs. 1.23 lakh crore for 2018-19, will boost the government's finances at a time it strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sectors, and defend its ambitious target of containing fiscal deficit at 3.3 per cent of the GDP. Economists say the payout will likely help the government meet its tax revenue shortfall and fund a higher expenditure.

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At Kumbh Mela, These Children Are Learning Vedas; Have Views On Politics Too

Dushyant Parashar is all of five, but already sports a janeu or a sacred thread around his body - the thread is an essential element that marks the acceptance of a student by a guru or a teacher in Hinduism. Dushyant is one of the 300-odd children below 15 - all of them from the famous Shri Vidhya Dham, a prominent Varanasi-based religious school that is taking part in the Kumbh Mela at Prayagraj in Uttar Pradesh. 10-year-old Ashish Mishra is from Varanasi and his father drives a car of a prominent Hindu priest there. Ashish came to this school about two years ago and will soon start learning the Vedas. Ashish and the other children here get a break of two months every year in which they are allowed to go home. from Videos http://bit.ly/2G9uV9P
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Unlock 5: Cinemas Can Open With 50% Seating, States To Decide On Schools

For the first time since the lockdown, multiplexes have been permitted to open with 50 per cent seating. Schools and colleges, shut since March as lockdown was announced across the country, will be allowed to re-open from October 15, the Centre said on Wednesday while announcing the next phase of lifting of coronavirus-related restrictions. The final call, however, has been left to the states and the institutions involved. All international flights will remain suspended until October 31. from Videos https://ift.tt/2SgjPF0
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