Klips for 24th Aug

National 🇮🇳 | Kashmir: Security forces clash with protestors, resort to tear gas, chilli grenades
– Check the raw cut video of the protests by Reuters
Reuters: https://reut.rs/2P9THg5

Economy & Business 💰 | Govt ‘rolls back’ FPI, CSR penalty proposals
– The attempts are seen as boosts to a struggling economy
– The govt also ‘promised’ to clear all pending GST refunds within 30 days and future refunds within 60 days
– FM has undone most of the damages caused by her maiden budget: Market analysts (Livemint: http://bit.ly/2PcBsa1)
Reuters: https://reut.rs/2zgw3DN

China hits back at US with tariffs on goods worth $75bn
– China will impose additional tariffs of 5-10% on 5078 products and will come into effect from 1st Sept and 15th Dec
Reuters: http://bit.ly/2PaTzgw

Moody’s cuts India’s growth forecast by 60bps to 6.2% for 2019
– Likewise it also lowered te 2020 projection to 6.7%
– It listed ‘weak hiring, financial distress among rural households, and tighter financing conditions due to stress among non-bank financial institutions’ as factors for sluggish growth
BQ: http://bit.ly/2Pb19Yv

SBI cuts FD, deposit rates
– FD rates were cut by 10-50bps, and 30-70bps for bulk deposits
– Interest rates on loans were kept unchanged
– It cited excess liquidity and falling interest rates as reasons for the cuts
Hindu: http://bit.ly/2PeHy9M

Tech 📱 | Netflix testing out ‘Collections’
– These are curated lists by experts on what’s worth watching on Netflix
Techcrunch: https://tcrn.ch/2P6KO6T

🗣Interesting: Satellite images of Amazon fires indicate that land is probably being cleared for cattle pasture
Scroll: http://bit.ly/2PdwERD

🗣Opinion: India’s economic crisis has only one root cause
Print: http://bit.ly/2Pd6kqX

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