Monday, Mar 27 2017 | Time 06:07 Hrs(IST)
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  • BOJ March meeting summary: Easy policy to stay for a while
  • Thousands on alert as Cyclone Debbie bears down on Australia
  • Japanese manufacturers brace for possible U.S. import tax - Reuters poll
  • Rain delays start of third day in third NZ-S Africa test
  • Sudan cooperating with Chad and France over kidnapped Frenchman -state news agency
  • China's Li says he will focus on trade ties during New Zealand visit
  • US Treasury futures little changed on open
  • US equity futures drop 0.3 percent
  • Centre-right GERB party wins Bulgaria's polls -partial official results
  • Rain delays start of third day in third NZ-S Africa test
  • Bahrain breaks Iran-linked "terrorist" cell behind bus attack -report
  • Poland surge clear at the top after 2-1 win in Montenegro
  • Quick goal sets Northern Ireland on way to win over Norway
  • Belgium hit by new injury concerns ahead of Russia friendly
  • Libya's National Oil Corp warns of new attempt at independent oil sales
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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
Top News
PM greets Bangladesh on its Independence Day, pays tribute to Mujibur Rahman

PM greets Bangladesh on its Independence Day, pays tribute to Mujibur Rahman

New Delhi, Mar 26 (UNI) Prime Minister Narendra Modi today paid tribute to Banga Bandhu Sheikh Mujibur Rahman and greeted the people of Bangladesh on their Independence Day.

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26 Mar 2017 | 11:50 AM
Rajnath briefed on security situation in Assam

Rajnath briefed on security situation in Assam

New Delhi, Mar 26 (UNI) The security situation in Assam was today reviewed by Home Minister Rajnath Singh and Chief Minister Sarbananda Sonowal.

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26 Mar 2017 | 6:38 PM
Govt has not learnt lessons from Pathankot attack, says Parliamentary panel

Govt has not learnt lessons from Pathankot attack, says Parliamentary panel

New Delhi, Mar 26 (UNI) The Parliamentary Standing Committee on Home Affairs has said that the central government has "not learnt any lesson from the Pathankot attack" and recommended that there remains an urgent need to further strengthen the Security network in the country.

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26 Mar 2017 | 11:17 AM
RBI to merge 5 banks into SBI

RBI to merge 5 banks into SBI

Nanded, Mar 26 (UNI) Despite the strong opposition rendered by various banks, the Reserve Bank of India (RBI) has decided to merge five banks from April 1 into the State Bank of India (SBI).

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26 Mar 2017 | 8:12 PM
No compromise on territorial integrity : CM

No compromise on territorial integrity : CM

Imphal, Mar 26 (UNI) Chief Minister N Biren Singh today said the territorial integrity of Manipur will be protected at all cost.

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26 Mar 2017 | 8:29 PM
Gunfire in crowded Ohio nightclub kills one, wounds 15

Gunfire in crowded Ohio nightclub kills one, wounds 15

 CINCINNATI, Mar 26 (Reuters) Gunfire erupted inside a packed nightclub in Cincinnati, Ohio, early today morning, killing one person and injuring 15 others, as an apparent argument that may have started earlier in the day turned violent, authorities said.

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26 Mar 2017 | 10:34 PM
Togadia demands subsidies for Hindus at par with Muslims

Togadia demands subsidies for Hindus at par with Muslims

Ahmedabad, Mar 26 (UNI) Vishwa Hindu Parishad President Pravin Togadia today demanded the government to allocate to Hindus all subsidies and grants it gives to Muslims from money of Hindu tax payers or else stop all relief to the minorities.

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26 Mar 2017 | 8:58 PM
CM orders major statewide crackdown on over-speeding, violation of traffic rules

CM orders major statewide crackdown on over-speeding, violation of traffic rules

26 Mar 2017 | 11:58 PM

Chandigarh, Mar 26 (UNI) Taking a serious note over the death of eight people in two major road accidents in less than 24 hours, Punjab Chief Minister Capt Amarinder Singh has directed states traffic enforcement authorities to crack down on over-speeding and violation of traffic rules by vehicles, especially buses, and asked the Transport department to examine the feasibility of installing speed governors in public transport.

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