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RBI governor appears before Parliamentary panel; assures steps to strengthen banking system

RBI governor appears before Parliamentary panel; assures steps to strengthen banking system

Finance
RBI Governor Urjit Patel today faced tough questions from a parliamentary panel on bad loans, bank frauds, cash crunch and other issues even as he assured the members that steps were being taken to strengthen the system, sources said. Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis regarding non-performing assets (NPAs). Some members of the committee, headed by senior Congress leader Veerappa Moily, sought to know about the reasons for recent instances of ATMs running out of cash and why enough steps were not taken to tackle banking frauds. Patel told the panel that steps were being taken to strengthen the banking system. "We are confident that we will be able to tide over the crisis," a ...
Tearful Kimmel appears with son after surgery

Tearful Kimmel appears with son after surgery

Entertainment
US talk show host Jimmy Kimmel had tears in his eyes as he held his baby son in front of the cameras and made a passionate plea over children's healthcare.Kimmel was returning to his late-night show after taking a week off for the boy's second heart surgery.His voice cracking at times, Kimmel gave a monologue calling on the US Congress to restore a children's health insurance programme that has recently lapsed.He said it was "disgusting" that politicians had prioritised "getting tax cuts for their billionaire and millionaire donors".Kimmel's son, Billy, had surgery soon after he was born in April and the eight-month-old had another operation last week.The host wants US politicians to restore the Children's Health Insurance Program, which has been unfunded since September because of a polit...
Jogger appears to push woman into oncoming traffic in video

Jogger appears to push woman into oncoming traffic in video

World
London police are searching for a jogger who was seen in a CCTV video appearing to push a woman into ongoing traffic. In the video, a man jogs on the sidewalk in the same direction as the flow of traffic. As the jogger approaches a woman walking in the opposite direction, he appears to shove her aside, knocking her into the street and forcing the driver of a public bus to swerve to avoid hitting her. On Tuesday, Metropolitan Police released the video of the incident, which occurred at about 7:40 a.m. local time on May 5 on the east side of the Putney Bridge, heading toward the Putney Bridge tube station, police said. After the incident, the bus driver stopped the bus, allowing passengers to disembark and rush to the 33-year-old victim's aid, police said. She suffered minor injuries in ...
Apple shares up as iPhone8 appears on track

Apple shares up as iPhone8 appears on track

Technology
Apple appears to have soothed investor concerns over the release of its 10th anniversary iPhone range while reporting a leap in smartphone sales.The world's most-valuable listed company's third quarter results showed it sold just over 41 million of the smartphones worldwide - bucking the usual trend of a fall in the three months to July in what is traditionally its weakest period in terms of earnings.It was seen as particularly impressive given the fact its new iPhone 8 and 7S models are expected to be released in September, despite doubts that weak availability of key chips could hit the launch.The issue has been the talk of the tech sector - with speculation raising fears that Apple could be forced to stagger the sale of iPhone 8 handsets to give it time to gather enough flash storage ch...