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Transfer of excess reserve may pull down credit rating of RBI: Raghuram Rajan

Monday, December 17, 2018, 8:54 PM

Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to government may bring down rating of central bank. Rating downgrade of the RBI from 'AAA' would make borrowing costlier for central bank and will have implication for entire economy. This is something both government and RBI should discuss before reaching some conclusion, he told a leading news channel in an interview.
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India announces $1.4 billion package for Maldives

Monday, December 17, 2018, 8:52 PM

India on Monday announced a $1.4 billion package for the Maldives to meet its immediate budgetary as well as some medium-term requirements. Prime Minister Narendra Modi announced the package that includes soft loans after talks with visiting Maldives President Ibrahim Solih in New Delhi. The debt is money the Maldives owes to China for infrastructure projects undertaken by Chinese construction companies.
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World's oldest known plant virus discovered

Monday, December 17, 2018, 8:50 PM

Scientists have discovered the world's oldest plant virus dating back 1,000 years after analysing ancient corncobs found at a Native American archeological site. Only a few RNA viruses had been discovered previously from archaeological samples, the oldest dating from about 750 years ago. The Ancestral Puebloans who lived in the canyon planted crops such as maize, beans and squash.

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