Amid falling interest rates on FDs, these 4 investment options offer up to 8.6% interest rate

New Delhi: The Reserve Bank of India has cut the repo rate for the fifth time in a row to give a further boost to consumption and private investment in a bid to revive growth as inflation remained within the central bank’s comfort level. The RBI cut the repo rate by 25 basis points to 5.15%. Following the suit, banks have cut interest rates on loans and fixed deposits (FDs). A fixed deposit is among the most preferred investment option among senior citizens and retirees. State Bank of India (SBI), the…

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Foreign direct investment inflows fall amid pre-election uncertainty

NEW DELHI: The flow of foreign direct investment into India is dropping and may suffer its first full-year decline since Prime Minister Narendra Modi came to power in 2014. The reversal from strong numbers in Modi’s initial years in charge may indicate that investors are being deterred by the government’s recent protectionist policies and uncertainty about this year’s general election result. Inbound foreign direct investment (FDI) dropped 7 percent to $33.5 billion in the nine months between April and December 2018, compared with $36 billion in the year-earlier period, according to figures released over…

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China’s Smoggiest City Closes Schools Amid Public Anger

China’s smoggiest city closed schools on Wednesday, as much of the country suffered its sixth day under an oppressive haze, sparking public anger about the slow response to the threat to children’s health. Since Friday a choking miasma has covered a large swathe of northeastern China, leaving more than 460 million gasping for breath. Shijiazhuang, the capital of Hebei province, was one of more than 20 cities which went on red alert Friday evening, triggering an emergency plan to reduce pollution by shutting polluting factories and taking cars off the…

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How to Fit in Some Fitness Amid The Holiday Hustle

The holidays – high on social and food festivities and low on work and working out – are soon upon us. But my wish, as a fitness trainer and general wellness enthusiast, is for you to exercise not less but, if anything, more, because you probably will consume greater-than-usual amounts of fat and sugar – great fuel for physical exertion. You might say: I will be out of my element, visiting family where there are no sidewalks and where I can’t go to my favorite class or run with my…

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Uber Offers Free Rides in Argentina Amid Crackdown

Uber redoubled efforts to launch its services in Argentina on Friday by offering five days of free rides even as authorities cracked down on the rideshare company’s operations. Police raided homes where they believed Uber to be operating out of after a court had ordered the company on Wednesday to suspend operations and launched an inquiry into whether the service presents unfair competition. “The goal is to reach a ruling that can disable the company,” prosecutor Martin Lapadu told the C5N television channel after ordering the raids. “We searched for…

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