[wanabidii] News Digest: Deutsche Bank to pay $7.2bn to settle US subprime case

		THE TIMES OF INDIA
		Friday, December 23, 2016
		Today's Headlines

		Business
		Deutsche Bank to pay $7.2bn to settle US subprime case As part of the agreement, Deutsche Bank would pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief, such as loan forgiveness. The bank cautioned that there is "no assurance" the two sides will agree on the final documents. After EPF, get ready for PPF and NSC rate cut Analysts feel the govt may not make such a drastic cut lest it fuels the simmering resentment against the “minor inconvenience” caused by demonetisation. Govt exempts imported PoS machine from BIS labelling To facilitate cashless payments, government has exempted imported Point of Sales machines from mandatory BIS-labelling till March 31 to expedite their shipments. More Business News»

		Environment
		Winter turns disastrous for Mongolia's nomad herders Mongolia's traditional nomads are facing a natural disaster known as “dzud”, where frigid temperatures and heavy snow cause widespread livestock deaths, threatening herders’ livelihoods. Mongolians are already struggling with an economic crisis. In 1st, road paved with solar panels powers French town France on Thursday inaugurated the world's first "solar highway", a road paved with solar panels providing enough energy to power the street lights of the small Normandy town of Tourouvre. The one-kilometre “Wattway” was covered with 2,800 square metres of resin-coated solar panels. Paris deal could save millions of fish, livelihoods Many fish migrate or die when the water gets too hot, but millions could be saved if the world meets the global warming targets in the 2015 Paris accord, a study said Thursday. Fish are an important part of the food chain and a global industry worth $148 billion in exports each year worldwide. More Environment News»

		World
		'2 arrested in Germany over mall attack plot' The two men, aged 28 and 31, are originally from Kosovo, police said, four days after a jihadist drove a truck into a Christmas market in Berlin killing 12 people. The mall that was targeted, CentrO, is one of the largest in Germany with around 250 shops. 88 dead in Turkish raids on IS-held Syria town A barrage of raids hit Al-Bab on Thursday, killing 72 civilians including 21 children, according to the Syrian Observatory for Human Rights. Bombardment continued on Friday, leaving another 16 civilians dead, including three children. UNSC delays vote on Israeli settlements The UN Security Council on Thursday delayed a contentious vote on a draft resolution demanding that Israel halt settlements as President-elect Donald Trump weighed in and said the United States should veto the measure. More World News»

		Science
		Bite the dust: Meek dinosaur lost its teeth as it hit adulthood A modest little dinosaur that scampered across northwestern China 160 million years ago boasted a unique trait not seen in any other dinosaur or other prehistoric creature yet unearthed: it was born with teeth but became toothless by adulthood. Supercluster of galaxies near Milky Way found Researchers said the Vela supercluster had previously gone undetected as it was hidden by stars and dust in the Milky Way. The Vela supercluster is a huge mass that influences the motion of our galaxy, the Milky Way. NASA's space-based sensor maps plankton behaviour on Earth The space-based sensor, which can ‘see’ through fog, clouds and darkness, has given scientists the first continuous look at the boom-bust cycles of polar phytoplanktons, microscopic marine plants that are the foundation of the ocean's food web. More Science News»

		Technology
		Reliance Jio user base to shrink once services become paid: Fitch Ratings Riding on the free voice and data offers, Reliance Jio Infocomm's subscriber base may touch 100 million by March 2017 end said Nitin Soni, Director at Fitch Ratings. However, it may even shrink once the telecom operator starts charging its customers, he added. Nokia files more patent lawsuits against Apple Finnish telecoms networks equipment maker Nokia has said that it had filed a new set of patent lawsuits against Apple in Asia, Europe and the United States. Facebook is still the 'biggest enemy' of your smartphone's battery The world's most popular social network is also the app that is still eating away most at your Android handset's performance. More Technology News»

		Education
		​New IITs have better faculty-student ratio Despite their more comfortable situation at the moment, the newer IITs are not slackening pace. IITs seek review of fee concessions for special category students The cost incurred on such students is "adversely affecting the financial viability of the institutions and eroding their corpus funds", IITs said in a report. Private CBSE schools can no longer pick own heads Private unaided schools affiliated to the Central Board of Secondary Education (CBSE) will no longer be able to appoint principals or heads on their own. The Board will monitor such appointments through its nominee in the selection panel. More Education News»

		Mumbai
		Christmas spirit catches on in Mumbai Mumbaikars are all set to welcome the season of joy. And so, dressed in lights and all things-Christmas, preparations for the festival are at its peak. With streets buzzing, shopkeepers are getting into the mood — donning Santa Claus hats and reindeer hairbands — to lure buyers into purchasing Christmas accessories and goodies. Fire breaks out at PMC co-operative bank in Nalasopara How Kolkata tycoon was stopped from fleeing to Malaysia by Mumbai ED ED sleuths watched as Parasmal Lodha checked his bags in and cleared security and immigration; he was stopped right at the Malaysian Airlines boarding gate. More Mumbai News»

		Delhi
		Delhi Lt Governor Najeeb Jung meets PM Narendra Modi, after 'breakfast' meeting with Kejriwal What PM Modi and Jung discussed wasn't immediately clear, but informed sources said Jung briefed the PM about the reasons behind his resignation, news agency IANS reported. Jung had earlier met Delhi Chief Minister Arvind Kejriwal, who said the Lt Governor had quit for "personal" reasons. A day after Delhi Lt Gov Najeeb Jung resigns, CM Arvind Kejriwal 'invited' to his residence 'for breakfast' Delhi CM Kejriwal's Aam Aadmi Party government and Jung have been involved in a tussle over administrative primacy in the national capital since the party was voted to power in 2015. The CM has long alleged that the Centre, through Jung, has been preventing his government from doing any work. Foggy morning greets national capital, 42 trains running late The national capital today woke up to a foggy morning and poor visibility following which at least 3 international flights were delayed and one domestic flight from/to Delhi was cancelled even as 42 trains were running late and four were rescheduled from here. More Delhi News»

		Bangalore
		Elephant tramples youngster to death on Bengaluru's outskirts Close on the heels of forest department capturing two wild elephants, which had found themselves in conflict situation with humans in the Bannerghatta and Tumakuru, yet another human casualty due to human-animal conflict has been reported in the region. NEET should be in Kannada too: Kannada Development Authority The Centre's directive to conduct the National Eligibility-cum-Entrance Test (NEET) in eight languages (Kannada is not part of it) has not gone down well with the Kannada Development Authority. Divorce case heard via video-conference In a bid to counter criticism that the judiciary is slow in dispensing justice, courts are becoming techno-savvy. For the first time in Dharwad, a family court heard a divorce case petition via a video-conference and on Tuesday, recorded the statement of the petitioner who stays in New Jersey, USA. More Bangalore News»

		Hyderabad
		Nagarjuna Sagar dam sees an influx of the famous `Devil fish' Telangana to develop 13 satellite townships Online scam: Several duped by cancer-cure 'wonder seed' More Hyderabad News»

		Chennai
		NoMoreNirbhaya campaign calls Chennaiites to record glitches in city's safety infrastructure Chennaiites can now volunteer for the cause of woman and child safety by being part of a recently launched campaign called #NoMoreNirbhaya, which will record the inadequacies in the city's safety infrastructure. JICA delegation calls on Tamil Nadu CM, expresses satisfaction over execution of projects The delegation expressed satisfaction over the execution of JICA-funded projects in Tamil Nadu, while chief minister sought approval of funds for Chennai Metro Rail phase 2 and desalination plants. I-T raids: Tamil Nadu CM's silence evokes doubts, Stalin says DMK treasurer and leader of the opposition in the Tamil Nadu assembly M K Stalin on Friday questioned the silence of the AIADMK government on the income tax raids on the premises of former Tamil Nadu chief secretary P Rama Mohana Rao, his son and others on Wednesday and Thursday. More Chennai News»

		Ahmedabad
		Man battles for life, wife denies consent to find kidney donor Workshop on cashless society at Gujarat University The Gujarat University on Thursday organized a workshop for students on how to create awareness about cashless society post-demonetization. VS trustees lambast AMC, Medical Education Trust Dismayed by a fake billing scam unearthed in the second week of December and a series of scams that has rocked VS General and Chinai Maternity Hospitals earlier—an institution established by Sardar Patel—the trustees on the hospital’s board of management have accused AMC and Medical Education Trust of keeping them in the dark. More Ahmedabad News»

		Allahabad
		High court: Unaided minority institutions cannot admit students of their choice The Allahabad high court on Thursday held that unaided minority institutions cannot admit students of their choice by adopting a mechanism of their own while ignoring any policy or regulation framed by the government. High court terms land acquisition at Noida village as 'bad' The Allahabad high court on Thursday declared the land acquisition proceedings initiated by the Yamuna Expressway Industrial Development Authority (YEIDA) in Niloli Sahpur village of Gautam Budh Nagar (Noida) as “bad and not done in accordance with law”. A bakery that makes memories with cakes At a time when bakeries are burning the midnight oil preparing Christmas cakes to order, there’s one bakery in the city that deserves a mention. More Allahabad News»

		Bhubaneswar
		Note ban plays spoilsport Starting from decoration to food, drinks, party and gifts, shortage of cash following demonetisation has cast its shadow on everything during Christmas celebrations in the city. Odisha demands NEET in Odia A day after the Centre announced to conduct the National Eligibility-cum- Entrance Test for undergraduate medical admissions (NEET-UG) in eight languages, the state government demanded inclusion of Odia as a medium in the overarching pre-medical entrance for admissions in medical colleges across the country. NITI Aayog vice-chairperson Arvind Panagariya hints at more action to prevent graft NITI Aayog vice-chairperson Arvind Panagariya on Thursday indicated that the Centre is planning more stringent laws to curb black money and corruption. More Bhubaneswar News»

		Bhopal
		Shivraj Singh Chouhan sings Nitish Kuma's tune, urges youth to kick the bottle Shivraj Singh Chouhan may not be an ardent supporter of his Bihar counterpart Nitish Kumar, but his recent drive to peersuade youths to quit alcohol points the other way. Madhya Pradesh among top 6 strike-hit states More fake currency seized in MP, two arrested Counterfeit currency notes of Rs 2000 denomination were seized by Chattarpur district police from a remote village of Bundelkhand region leading to arrest of two youth on Thursday. More Bhopal News»

		Chandigarh
		CBSE to conduct Principal Eligibility Test for private schools Like 2014, Congress moots fielding MPs, ex-ministers Return Rs 85k in scrapped notes, HC to Haryana Justice M M S Bedi of the HC passed these orders while disposing of a petition filed by Karnal resident. More Chandigarh News»

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