Judge who cleared path for PC’s arrest retires

Concluding his 11-year tenure as a Delhi High Court judge, Justice Sunil Gaur retired on Thursday. A full-court bid adieu to the judge in a farewell reference recalling his contribution to jurisprudence. Justice Gaur came under the spotlight for his strongly-worded order rejecting pre-arrest bail to former Union minister P Chidambaram which led to his arrest.

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NITI Aayog, CEA differ on economy revival plan

NITI Aayog vice chairman Rajiv Kumar on Thursday made a strong case for extraordinary steps to deal with the unprecedented stress in the country’s financial sector, which is a key reason for the growth slowdown, but the government’s chief economic adviser (CEA) Krishnamurthy Subramanian said any bailout package will be a “moral hazard” and anathema to way a market economy works.

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Eco climate most conducive in 300 years: Murthy

Infosys co-founder NR Narayana Murthy praised the current economic environment and said that for the first time in last 300 years, it is conducive for growth and nurtures hopes of a better future. Addressing Madan Mohan Malviya University of Technology convocation, he urged the govt to remove obstacles for entrepreneurs and embrace less-populist economic policies.

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Sensex in 5-mnth trough, rupee hits yr’s lowest

Weighed by FPI selling, the Indian rupee on Thursday plunged to its lowest level in 2019, closing at 71.81 against the dollar, 26 paise below its previous close. The fall was triggered by weakness in the Chinese Yuan. On Wednesday the chief economic advisor, K Subramanian, said taxpayers’ money shouldn’t be used to bail out those industries which are going through a ‘sunset phase’, which indicates a slowdown or a systemic change.

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Pak may be blacklisted over terror finance

Pakistan failed on 10 of the 11 parameters it was assessed on. APG is the regional affiliate of the Financial Action Task Force (FATF) and its decisions have a large bearing on the organisation’s decisions on Pakistan. At the annual general meeting in Canberra, APG is currently assessing Pakistan’s Mutual Evaluation Report on strengthening anti-money laundering and countering financing terrorism safeguards.

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