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RBI Says No Liquidity Crunch In Shadow Banking: Report

The FSDC meeting was the first instance when RBI Governor Urjit Patel came face to face with Mr Jaitley following the recent criticism by the central bank's deputy governor, Viral Acharya, of...

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More Than 80 Killed, Over 100 Injured In Stampede In Yemen's Sanaa: Report

More than 80 people were killed and hundreds of others injured in a deadly stampede that broke out in Yemen's capital during a charity distribution, Huthi officials told AFP on Thursday. The latest tragedy to strike the Arabian Peninsula's poorest country came days ahead of the Muslim holiday of Eid al-Fitr which marks the end of the holy month of Ramadan. At least "85 were killed and more than 322 were injured" after the stampede in the Bab al-Yemen district of Sanaa, a Huthi security official said. "Women and children were among the dead," he told AFP on the condition of anonymity because he is not authorised to speak to the press. A second health official confirmed the toll. An AFP correspondent in the Huthi-controlled capital said the incident took place inside a school where aid was being distributed. Security forces deployed heavily around the area as people flocked to the scene hoping to locate relatives but they were barred from accessing the s...