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Government ranks 18 US volcanoes as 'very high threat'

Government ranks 18 US volcanoes as 'very high threat'

Technology
Government scientists have classified 18 U.S. volcanoes as "very high threat" because of what's been happening inside them and how close they are to people. The U.S. Geological Survey has updated its volcano threat assessments for the first time since 2005. The danger list is topped by Hawaii's Kilauea , which has been erupting this year. The others in the top five are Mount St. Helens and Mount Rainier in Washington, Alaska's Redoubt Volcano and California's Mount Shasta . "This report may come as a surprise to many, but not to volcanologists," said Concord University volcano expert Janine Krippner. "The USA is one of the most active countries in the world when it comes to volcanic activity," she said, noting there have been 120 eruptions in U.S. volcanoes since 1980. Kilauea is the mos...
No liquidity crisis, says government official

No liquidity crisis, says government official

Finance
NEW DELHI: There is surplus liquidity in the system and no cause for concern over that, an official said on Friday after the government held a meeting with bankers to take stock of the situation, especially for non-banking finance companies (NBFCs). “Banks said they are buying portfolios of NBFCs and there is no shortage of liquidity,” the government official said, adding that most NBFCs have also said they have surplus reserves. Defaults by infrastructure development and finance company IL&FS and its subsidiaries had led to concerns of grave repercussions on the credit market, leading to a liquidity crisis. “Already enough actions have been taken and there is no undue panic,” said another official who attended the meeting. Last week, the Reserve Bank of India (...
Northern Rock: US firm 'misled' UK government on mortgages

Northern Rock: US firm 'misled' UK government on mortgages

Business
Media playback is unsupported on your device A US private equity company has been accused of misleading the government about the biggest sale of state assets in UK history.BBC Panorama has discovered Cerberus told the government it was planning to offer homeowners better mortgage deals before its £13bn purchase of former Northern Rock mortgages in 2016.But the company hasn't provided any new mortgages and 65,000 homeowners are still trapped on high interest rates.Cerberus denies the allegation.Many of the homeowners are mortgage prisoners, who cannot shop around for a better deal because their loans are too large or their credit rating has been damaged.TrapLisa and Mark Elkins have to pay £2,500 a month on their mortgage because th...
Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board

Government appoint S Gurumurthy, Satish Marathe as part-time directors on RBI board

Finance
The government on Tuesday appointed journalist S Gurumurthy and Satish Marathe patron of Sahakar Bharathi as part-time directors on the Reserve Bank of India (RBI) board after an approval from the appointments committee of the cabinet. Both appointments are for a four year term. In a release the government said that both appointments were approved by the appointments committee of the cabinet after a proposal from the department of financial services. S Gurumurthy is currently the editor of Tamil political weekly Thuglaq and also the co-convenor of RSS affiliate Swadeshi Jagran Manch. Marathe is the patron of Sahakar Bharati an NGO furthering the co-operative moment in India. The latest appointments take the total government appointed directors on the RBI board to 10, the maximum permitted...
Facing pension related problems? Here's how to complain to the government

Facing pension related problems? Here's how to complain to the government

Finance
If you are a central government pensioner who has been facing issues related to your pension and your grievances are not being resolved by the bank or government department despite your repeated complaints, then you can lodge your complaint on the www.pensionersportal.gov.in. This portal helps pensioners to raise their grievances with senior people in the concerned department in case they have received unsatisfactory responses so far or if they do not know who to approach regarding their pension related issues. To file a complaint on the portal, you must keep your Pension Payment Order (PPO) number handy to ensure that your complaint is quickly answered by the government. Follow the steps below to lodge your pension grievance. 1. Go the website, www.pensionersportal.gov.in and click on CPE...