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Madagascar cyclone kills 29, displaces thousands
Posted on 9th January 2018
A cyclone that hit eastern Madagascar over the weekend killed at least 29 people and injured three others while two people were reported missing, authorities said on Monday.

Tropical Cyclone Ava passed through Madagascar on Friday and Saturday, hitting mostly the eastern coast of the island with wind speeds of between 140-190 kph (87-119 mph).

“The provisional report of cyclone Ava hitting Madagascar, (shows) 29 people were killed,” Melisa Venance, communications officer of the National Office of Risk and Disaster Management, said.

The administrative region of Haute Matsiatra, located 400 km (250 miles) south of Antananarivo, said that among those killed were eight people from a family who had been at a funeral vigil on Sunday when their house was hit by a landslide.

“The bodies were searched for all night, and the corpses of eight people, including an 11-month-old baby, and the body of the deceased were found under rubble on Monday morning,” the post said.

The National Office of Risk and Disaster Management had earlier on Monday put the dead at at least six, and that more than 13,000 people were displaced by the cyclone, while more than 16,000 pupils had classes suspended until Thursday, due to flooding and risk of landslides.

In March 2017, Cyclone Enawo struck Madagascar, killing at least 78 people on its vanilla-producing northeastern coast.

Enawo damaged around 30 percent of the crop in the world's biggest producer, which accounts for nearly half of the world's crop.

But Georges Geeraerts, the president of the Group of the Vanilla exporters, told Reuters the cyclone Ava had not touched vanilla-producing areas and there had been “no impact” on production.


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Anil Ambani-led RCom moves Supreme Court against DoT
Posted on 13th December 2018
Reliance Communications and its subsidiary Reliance Telecom on Thursday moved the Supreme Court, asking it to initiate appropriate contempt proceedings against the department of telecommunications (DoT) for “wilfully and deliberately disobeying” its November 30 order that directed DoT to grant no objection certificate (NoC) to the firms by December 7 to trade its spectrum with Reliance Jio Infocomm.

SEBI board meet outcome: 3 big reforms from mutual fund risk management to start up listing
Posted on 13th December 2018
In a series of reforms, market regulator SEBI has allowed mutual funds “to allow mutual funds to create segregated portfolios with respect to debt and money market instruments subject to various safeguards”. The creation of segregated portfolios is a mechanism which is followed to separate distressed, illiquid and hard-to-value assets from other more liquid assets in a portfolio. SEBI has also cleared easing of norms to start startup listings.

Rajasthan High Court stays arrest of Twitter CEO Jack Dorsey
Posted on 13th December 2018
The Rajasthan High Court has put stay on the arrest of Twitter CEO Jack Dorsey, but has refused to cancel the FIR lodged against him.

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Your debit, credit cards may get blocked from December 31, here's why
Posted on 13th December 2018
You might have recieved a message from your respective bank lately to upgrade your debit and credit cards. But if you ignored the message, then you are in some rude shock after December 31.

If you are thinking what do you need to do avoid the same then let us tell you that the Reserve Bank of India in order to protect the customers from fradulent transactions had issued guidelines to to change Magstripe Debit Cards to EMV Chip Debit Cards by the end of 2018.


Solar installations see 4% drop in Q3 due to lack of clarity around GST
Posted on 13th December 2018
The Indian solar market installed 1,589 MW (mega watt) in the third quarter of 2018. Installations declined by four per cent compared to 1,659 MW in the second quarter of 2018, while a year ago (Q3 2017) it was 2,278 MW.

Large-scale installations during the third quarter of 2018 totalled 1,154 MW compared to 1,244 MW in second quarter 2018 and 2,013 MW in Q3 2017, according to Mercom India Research report.


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