Two Indian Air Force helicopters join efforts; Rajasthan Chief Minister says blaze under control Two Indian Air Force helicopters join efforts; Rajasthan Chief Minister says blaze under control Attempts are being made to douse the massive fire at Sariska Tiger Reserve in Rajasthan’s Alwar district on Wednesday with two Indian Air Force helicopters joining the…Continue Reading

The U.S. Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signalling potentially up to seven rate hikes this year.Federal Reserve chair Jerome Powell is hoping to curb inflation with this rate hike. (Kevin Dietsch/Reuters)The U.S. Federal Reserve launched a high-risk effort…Continue Reading

Reserve Bank of India rejects proposal on corporate ownership of banks

The Reserve Bank of India has rejected a proposal by big business houses asking to mull on granting them banking license. India’s central bank has modified the rules of ownership and the corporate structure of private banks in India. Under the new rules significant shareholders in a non-state bank, known as bank promoters, must only reduce…Continue Reading