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17 Jun 2018 12:10

Market View

દ્રારા પોસ્ટેડ : anibillon

In yet another move to smoothen the services, Indian Railways has decided to replace the medical cards issued to its employees and pensioners with credit card-like health cards carrying unique all-India number. Currently, the medical cards issued by the zonal railways are in the form of booklets.

The railway board recently passed an order, saying that the separate medical identity card with unique all India number will be issued to the employees as well as to their each dependent. "For bringing uniformity in the medical identity cards issued to employees and other beneficiaries of Indian Railways, the board has approved that the card should be a plastic-based card, the size of which should be same as that of debit/credit cards issued by banks," the order said.

There would be a coloured strip on the top of each card. The colour of the strip would help identify the category of the card-holder -- serving, retired employees or dependents. The order has also said the cards for beneficiaries up to the age of 15 years should be issued with a validity of five years and after which they have to be renewed.

The beneficiaries above the age of 15 years will be issued cards which need to be renewed once they turn 40 and later when they retire. Currently, railway has around 13 lakh employees and around the same number of pensioners and all their dependents are eligible to use the medical card.

In the last couple of years, the railways have taken multiple initiatives to bring efficiency in the department and customer services. Recently, the railways overhauled its ticketing website to ensure better user experience.

The new IRCTC website has more user friendly features for easier navigation. On new website, users can now enquire / search trains and check availability of seats without login. It also has class-wise, train-wise, destination-wise, departure/arrival time wise and quota-wise filters for facilitating customers while planning their journeys.

To enhance user`s booking experience, the Railways has also introduced waitlist prediction- a feature that will predict the probability of a Waitlisted or RAC ticket getting confirmed. This technique uses algorithm based on historical booking trends of the particular train....

17 Jun 2018 12:09

Market View

દ્રારા પોસ્ટેડ : anibillon

Indian Railways to issue credit card-like medical cards to employees, retirees
The railway board recently passed an order, saying that the separate medical identity card with unique all India number will be issued to the employees as well as to their each dependent....

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17 Jun 2018 11:42

Market View

દ્રારા પોસ્ટેડ : anibillon

India faces the worst long-term water crisis in its history as demand outstrips supply and millions of lives and livelihoods could be at risk, said a think tank chaired by Prime Minister Narendra Modi.

By 2030, water demand is projected to be double the supply, implying severe scarcity for hundreds of millions of people. The shortage will eventually shave around 6 per cent off gross domestic product, the report said.

About 200,000 Indians die every year due to inadequate access to safe water and 600 million face high to extreme water stress, the National Institute for Transforming India (NITI) Aayog said on Thursday, citing data by independent agencies.

"Critical groundwater resources that account for 40 per cent of India`s water supply are being depleted at unsustainable rates," the report said, calling for an immediate push towards sustainable management of water resources.

"India is suffering from the worst water crisis in its history and millions of lives and livelihoods are under threat," it said.

The think tank said it has developed a Composite Water Management Index with nine areas of assessment to help state governments manage water resources.

Droughts are becoming more frequent, creating problems for India`s rain-dependent farmers. At the same time, disputes between states are on the rise.

Inter-state disagreements are on the rise, with seven major disputes currently raging, pointing to the fact that limited frameworks and institutions are in place for national water governance.

Nearly 163 million of India`s population of 1.3 billion lack access to clean water close to home, the most of any country, according to a 2018 report by Britain-based charity Water Aid...

17 Jun 2018 11:40

Market View

દ્રારા પોસ્ટેડ : anibillon

India faces worst long term water crisis in its history: Niti Aayog
By 2030, water demand is projected to be double the supply, implying severe scarcity for hundreds of millions of people. The shortage will eventually shave around 6 per cent off gross domestic product....

20 May 2018 12:51

Market View

દ્રારા પોસ્ટેડ : anibillon

Foreign investors have also withdrawn a net $3.6 billion so far this year from Indonesian stocks and bonds, one of the few Asian emerging markets that is running a current-account deficit. The rupiah dropped to the lowest since October 2015 on Friday, despite Bank Indonesia s interest-rate increase and pledge of stronger measures to maintain stability, while the country s benchmark bond yields reached their highest since March 2017 earlier this month....

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20 May 2018 12:50

Market View

દ્રારા પોસ્ટેડ : anibillon

I am becoming increasingly cautious on emerging markets because they have been under selling pressure due to their external vulnerability amid weakening risk sentiment, said Yokouchi at Daiwa SB, which oversaw 6 trillion yen ($54 billion) as of the end of March. I view this as a temporary correction, but we don t see the light at the end of the tunnel just yet so this weak environment is likely to continue for a while.

This isn t the first time Yokouchi is finding solace in yen-cash positions. Back in early February, when a slide in U.S. technology shares and a surge in volatility exacerbated a global selloff, he took a similar strategy.

The global end of easy money, trade tensions and geopolitical risks amid a rise in U.S. interest rates and a stronger dollar are forcing emerging-market bulls to take a more cautious stance, after two years of gains on the back of the prospect for higher growth.

While some debate the risks of contagion, the selloff has deepened in the parts of the emerging market universe where Yokouchi has cut risk.

The Turkish lira plunged to a fresh record low this week as Turkish President Recep Tayyip Erdogan revealed plans to step up his role in the country s monetary policy if he wins elections next month....

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20 May 2018 12:50

Market View

દ્રારા પોસ્ટેડ : anibillon

That s how Daiwa SB Investments Ltd. s Takeshi Yokouchi is playing the recent rout that has seen emerging-market assets erase their 2018 gains -- selling positions and raising liquidity.

He s reducing his overall allocation to emerging markets, offloading bonds and currencies from Turkey and Indonesia, the Tokyo-based senior fund manager said in an interview. Yokouchi, who runs a fund that invests in high-yielding securities, is also increasing his dollar holdings amid the prospect of further rate hikes by the Federal Reserve...

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20 May 2018 12:50

Market View

દ્રારા પોસ્ટેડ : anibillon

Emerging Market Jitters Have This $54 Billion Fund in Japan Selling...

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20 May 2018 12:49

Market View

દ્રારા પોસ્ટેડ : anibillon

To be sure, not all investors are bearish on Indonesia, with JPMorgan Asset Management s strategist Tai Hui saying that that the dollar will weaken. When that happens, the higher yields offered by emerging markets including Indonesia will lure back funds, Hui said.

Indonesia s high yields and its reformist agenda are still attractive, said Richard Lawrence, senior vice president for portfolio management at Brandywine Global Investment Management LLC, which holds the nation s bonds as part of the $76 billion it manages....

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20 May 2018 12:49

Market View

દ્રારા પોસ્ટેડ : anibillon

Foreigners own about 38 percent of the sovereign bonds in Indonesia, among the highest of Asian emerging markets, making it susceptible to outflows. To preserve the yield appeal, the central bank may have to tighten again in two to three months, according to Jeffrosenberg Tan, head of investment strategy at PT Sinarmas Sekuritas.

The yield on the benchmark bond has risen 68 basis points this quarter to 7.358 percent, set for the biggest quarterly increase since December 2016. It reached a 14-month high of 7.39 percent on May 9....

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