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Education loan defaults soar 47% on weak job market

HIGHLIGHTS A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks. Non-performing assets soared by almost 47% between March 2015 and last March, data shared in Parliament showed. The problem is so acute for at least five lenders that the stock of bad loans has more than doubled. NEW DELHI: A weak job market and wilful default by even those in well-paying jobs have hit the education loan portfolio of state-run banks with non-performing assets soaring by almost…

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Confirmed Cases of Chikungunya Soar in Brazil

Brazil’s Health Ministry says that cases of chikungunya are soaring this year in Latin America’s biggest country. The ministry said Thursday there have been 134,910 confirmed cases of the mosquito-borne disease so far in 2016. Last year the total was 8,528. Chikungunya is a viral disease spread by the Aedes aegypti mosquito, which also transmits the Zika virus and dengue fever. People infected with the chikungunya experience fatigue, nausea, high fever and joint pain or swelling. Experts have linked the Zika virus to microcephaly, a rare defect that can cause…

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