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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 ...
New York governor wants food pantries at every state college

New York governor wants food pantries at every state college

Finance
Feeding America's most vulnerable childrenNew York Governor Andrew Cuomo wants each state college to have a food pantry for students. It's one of many proposals he included in his annual State of the State report. The plan would require all public colleges to either provide food pantries on campus, or come up with a "stigma-free" way for students to consistently have access to healthy foods. Cuomo is asking state lawmakers to provide $ 1 million to the State University of New York (SUNY) and City University of New York (CUNY) systems to implement the program. Chancellors at both schools applauded the proposal, which could help expand their existing efforts. A 2015 survey done by CUNY indicated that nearly 15% of its students go hungry at some point because they can't afford to buy enou...
Bill banning Down syndrome abortions heads to Ohio governor

Bill banning Down syndrome abortions heads to Ohio governor

Health
In one of their last acts of the year, Ohio lawmakers moved Wednesday to ban abortions based on a diagnosis of Down syndrome and sent the measure to Republican Gov. John Kasich, who is likely to sign it. Two states, Indiana and North Dakota, already have passed laws like the one that Ohio is advancing, touching off an emotional debate over women's rights, parental love and the relationship between doctor and patient. The Indiana measure, enacted in 2016, has been blocked by a federal judge, who ruled the state has no authority to limit a woman's reasons for ending a pregnancy. An appeal by state officials is pending. The 2013 North Dakota law has not been challenged. The state's sole abortion clinic, in Fargo, says the issue hasn't arisen under its policy of not performing abortions after...
Houston floods: 'Worst not yet over,' says Texas governor

Houston floods: 'Worst not yet over,' says Texas governor

World
Media playback is unsupported on your deviceTexas Governor Greg Abbott has said "the worst is not yet over" for the south-east of the US state, after devastating Tropical Storm Harvey.Rain continues to fall, he said, and flooding in certain areas may last another week. More than 20 people are reported dead and large parts of Houston, Port Arthur and Beaumont are under water. The storm has now moved to neighbouring Louisiana, where flash-flood warnings have been issued. Texas has carried out more than 8,500 rescues and more than 32,000 people remain in shelters throughout the state, Governor Abbott said. Another 10,000 members of the National Guard are said to be on their way, joining the 14,000 already deployed to tackle the disaster. The National Weather Service said the coastal Cedar ...