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  • Trump blames Obama for inaction over Russia meddling
  • Cabinet approves doubling, electrification of Bhatni-Aurnihar line
  • Cabinet gives nod to Silkyara Bend-Barkot tunnel in Uttarkhand
  • Cabinet approves six-laning of Nidagatta-Mysuru sec in Karnataka
  • Iran finds wreckage of crashed plane on top of mountain
  • Mahadalit lynched in Bihar
  • Khaleda committed crime by embezzling Trust fund: Court
  • CM hits back at Rajnath on Meghalaya’s law and order situation
  • Maldives police arrest 25 after protest demanding leader's arrest
  • Campaign takes pace in poll-bound Meghalaya; politicians make beeline to woo voters
  • Maldives leader seeks approval to extend state of emergency
  • Chinese warships enter East Indian Ocean amid Maldives tensions
  • Fire in battery factory in Patparganj
  • 3 years on, Justice for Govind Pansare remains elusive
  • Reference rate fixed at 64 5254 against USD
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China central bank says to tighten oversight of company debt, bank assets

BEIJING, Feb 17 (Reuters) China's central bank said today it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy.
The People's Bank of China (PBOC) also said it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.
"We will increase monitoring of corporate debt risk, bank asset quality and liquidity, abnormal stock market fluctuations, use of insurance funds, property bubble risks...and cross-border capital flows," the central bank said in its fourth-quarter monetary policy implementation report.
China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers have begun to point to the threat of asset bubbles forming.
Home prices rose rapidly in many Chinese cities last year, leading to new restrictions on purchases and lending in dozens of cities since October.
The central bank said on Friday that China should restrict lending for property market speculation and build a long-term mechanism for the healthy development of the housing market.
Top leaders in December vowed to focus on controlling financial risks this year, and the central bank has moved to a tightening bias in recent months, including raising the rate on the unofficial policy rate on Feb. 3.
The PBOC on Friday also said it will increase two-way flexibility of the yuan while keeping the currency basically stable.
China's yuan fell 6.5 percent last year against the dollar and is expected to weaken further this year, as policymakers respond with tighter restrictions on capital outflows
Reuters CJ PR1951
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Europe observes a 400 % increase in measles cases in 2017 compared to previous yr

Europe observes a 400 % increase in measles cases in 2017 compared to previous yr

20 Feb 2018 | 3:01 PM

Copenhagen, Feb 20 (UNI) Measles has rebounded in the WHO European Region affecting 21,315 people and causing 35 deaths in 2017, following a record low of 5,273 cases in 2016.

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Khaleda committed crime by embezzling Trust fund: Court

Khaleda committed crime by embezzling Trust fund: Court

20 Feb 2018 | 2:55 PM

By Mir Afroz Zaman Dhaka, Feb 20 ( UNI) Khaleda Zia and the others convicted in the Zia Orphanage Trust graft case had committed state financial crimes by embezzling government funds meant for orphans, the court has said in its verdict.

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Unified left to find alternative name

Unified left to find alternative name

20 Feb 2018 | 2:54 PM

Kathmandu, Feb 20 (UNI) CPN-UML and CPN Maoist Centre, on their unification, will have to find a name other than Nepal Communist Party (NCP) - the name that was decided upon in the seven point agreement signed by the two parties.

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'China committed to cooperate with Unified Left party'

'China committed to cooperate with Unified Left party'

20 Feb 2018 | 2:51 PM

Kathmandu, Feb 20 (UNI) Chinese Communist Party Foreign Department Vice Minister Guo Yejhau has said that the Chinese Government was committed to cooperate with the to be unified communist party of Nepal, a report in The Himalayan Times said on Tuesday.

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Time has come to take Nepal towards prosperity: PM Oli

Time has come to take Nepal towards prosperity: PM Oli

20 Feb 2018 | 2:47 PM

Kathmandu, Feb 20 (UNI) Newly appointed Prime Minister KP Sharma Oli has said that a historic opportunity to achieve the gold of building a prosperous and happy Nepal has started.

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