Murderer who failed to return to NB halfway house had been at

first_imgFREDERICTON — A convicted murderer who failed to return to a Moncton halfway house last week remains missing, and documents show he had been unlawfully at large twice in the past.The Correctional Service of Canada says 66-year-old Jack Woods was serving an indeterminate sentence at Dorchester Penitentiary for manslaughter and second-degree murder.He was on a 72-hour unescorted absence when he didn’t return last Thursday.According to a Parole Board decision in May, Woods was unlawfully at large for five months in 2010 and again for two months after being granted day parole in 2012.Woods stands 5-7, weighs 223 pounds and has a fair complexion, blue eyes and brown hair. He is missing both of his little fingers.A warrant has been issued for his arrest.The Canadian Presslast_img read more

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APPLE UNVEILS A SLEW OF NEW SUBSCRIPTION SERVICES

first_img Login/Register With: Advertisement Advertisement The subscription service, called Apple News Plus, will cost $12.99 a month after a free preview month. It already counts The Toronto Star, La Presse, CTV and Global News as Canadian content suppliers.Subscribers will also have access to articles from hundreds of magazines, including Rolling Stone, The New Yorker and Cosmopolitan and some newspapers, including The Wall Street Journal and The Los Angeles Times.The free version will remain available and both news services require an update of the operating systems to iOS 12.2 for iPhone and iPad mobile devices or to macOS 10.14.4 for Apple laptops.The tech giant said the News Plus service  will not track what you read and that article recommendations will be made on your device, not Apple’s servers, and advertisers won’t be able to track you.That sets it apart from other places people read news, such as Facebook and Google. Facebook, for instance, might target ads based on your past reading of specific publications or topics, such as gun control or the environment.The new subscription is a way for Apple to bring in revenue from selling digital subscriptions as sales of the iPhone decline. Apple says 5 billion articles are read on its current Apple News app each month.The news industry has struggled for years as advertising dollars shift to social media and other digital media. But some publishers are wary to participate in Apple’s news service because the company is reportedly taking 50 per cent of subscription revenue. The exact financial terms of the agreements between Apple and the publishers weren’t immediately available.Apple CardApple is launching its own credit card, called Apple Card, that can be used anywhere Apple Pay is accepted.Apple says the card will make it easier to see what merchants charged you. It uses Apple Maps to show users where they spend their money. This is in contrast to the sometimes-confusing alphabet soup people can see on their credit card statements.The company is also emphasizing privacy and says it won’t know what you bought or where.The card will live in the wallet section of the iPhone, though customers will also get a physical card made of titanium.It will include a rewards program of 2 per cent back on all transactions. Apple says the card has no late fees, annual fees or fees for going over the credit limit. It’s a Mastercard issued by Goldman Sachs. Apple ArcadeApple will launch a subscription service for games this year called Apple Arcade.Subscribers will get to play more than 100 games, curated by Apple which will be exclusive to Apple’s service.Games can be downloaded and played offline on the Apple-made iPhone, iPad, Mac and Apple TV.Notably, Apple says all games in this service will allow unlimited play and will have no in-app purchases, which are common on mobile games. Though many mobile games are given out for free, players can rack up hundreds of dollars for optional extras such as virtual weapons.Apple says the Arcade subscription will be available this fall. The company did not say how much it will cost.Google announced its own video game streaming service last week. That service focuses more on traditional video games, though it will also allow games to be played on phones and tablets Facebook Advertisementcenter_img From left, Apple CEO Tim Cook, Oprah Winfrey and Steven Spielberg pose for a photo outside the Steve Jobs Theater during an event to announce new Apple products Monday, March 25, 2019, in Cupertino, Calif. (AP Photo/Tony Avelar) LEAVE A REPLY Cancel replyLog in to leave a comment Apple TV PlusApple’s long-awaited video streaming service will be called Apple TV Plus and include original programming that CEO Tim Cook says will show “great storytelling.”The new service will put Apple in direct competition with big streaming services including Netflix and Amazon Video.The service will be available this fall, but the company isn’t saying yet how much it will cost or when exactly it will launch.The streaming service will be free of ads and will be available across Apple devices, some smart TVs and the Apple TV, Roku and Amazon Fire TV streaming devices. That’s unusual, as Apple has historically limited its availability on streaming devices to its own Apple TV.Apple brought out several celebrities during its announcement, including Oprah Winfrey, Jennifer Aniston, Reese Witherspoon, Jason Momoa and Steven Spielberg. They are all involved in making exclusive shows for the new service.Aniston will star with Reese Witherspoon and Steve Carell in a show called “Morning Show.” Spielberg will direct a sci-fi show called “Amazing Stories,” inspired by stories his dad used to read as a kid.Momoa will star in a show called “Sea” taking place in a world devastated by a virus that wiped out most of the population, leaving survivors blind. Big Bird of “Sesame Street” also showed up to promote a new show for preschoolers.Winfrey says she has two documentaries in the works for Apple TV Plus and is planning “the most stimulating book club on the planet.” The TV magnate says that will include streamed conversations with authors.Winfrey received a standing ovation during her appearance where she told the audience, “There has never been a moment quite like this one. We have this unique opportunity to rise to our best selves in how we use, and choose to use, both our technology and our humanity.”“I’m joining forces with Apple. They’re in a billion pockets, y’all,” she said.Streaming video services have skyrocketed in popularity in the past several years. Research firm eMarketer expects 205 million people in the U.S. will watch streaming video this year.Apple is a late entrant to the streaming market, where Netflix has been dominant for more than a decade. Some analysts say it’s not clear yet whether Apple will be able to get ahead.Colin Gillis of Chatham Road Partners says Apple’s TV Plus service is “not going to be a Netflix killer.” He noted that Apple lacks “polished offerings” in cloud services, voice search and artificial intelligence, and video streaming won’t save the company if the iPhone market declines.Paul Verna of eMarketer, meanwhile, says Apple left many details out of the initial announcement, making it hard to compare with rivals.While Apple brought on some big names for original content, Martin Garner of CCS Insights says so far the service lacks “the full range and diversity of content available through Netflix, Amazon and others.” That will limit its appeal.THE ASSOCIATED PRESS Apple announced several new services on Monday, making its foray into the subscription news and video streaming arena as well as gaming and credit cards.The series of announcements were made at an event at its headquarters in Cupertino, California, to emphasize paid services on its devices.Apple News PlusThe news service expands on Apple News, a free service already available on Apple devices — now also available in Canada. Media partners include CityNews, 680 NEWS, 660 CityNews Calgary, CityNews 1130 Vancouver and Sportsnet, as well as newspapers, magazines and digital publications from the United States. Twitterlast_img read more

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Trans Mountain pipeline work to resume in August Kinder Morgan Canada boss

first_imgEDMONTON – The head of Kinder Morgan Canada says work is to resume next month to prepare a route for the Trans Mountain pipeline expansion.Ian Anderson says the company will secure, survey and prepare the right-of-way in coming months, and First Nations will monitor the work to look for traditional artifacts and medicines.“We anticipate laying physical pipe in a prepared, surveyed, environmentally protected right-of-way early next year,” Anderson said Friday.A completion date for the project is to be announced at a later date.“The project has been in a suspended mode for a good number of months,” said Anderson. “We’re ramping up hard and we’re evaluating schedule.“The most important thing for me at this point is to get started to demonstrate to Canadians and to our prospective new owner that this project can be executed in a manner that serves the interests of everybody.”Anderson was speaking at an event west of Edmonton on the Enoch Cree Nation. Also present were Alberta Premier Rachel Notley, federal Natural Resources Minister Amarjeet Sohi and Enoch Chief Bill Morin.Notley and Morin announced that Enoch land will be a staging and stockpiling area for the line with at least 35 to 40 kilometres of pipe on site beginning next month.“Today we see the benefit of people working together for the benefit of everyone — Albertans and Canadians — not working against one another for the benefit of a few,” said Notley.The project’s aim is to expand an existing Trans Mountain line from Edmonton to the British Columbia coast to allow more oil from Alberta to be shipped to foreign markets.Alberta says the line is critical given the oil price discounts the province currently must swallow due to pipeline bottlenecks and lack of access to markets outside the United States.The pipeline has been the focus of fractious debate, confrontation and court challenges. The B.C. government, environmental activists and some Indigenous groups all oppose it.Rancour reached such fever pitch earlier this year that Alberta passed legislation giving it power to reduce oil shipments to B.C., which would potentially increase automobile and jet fuel costs in that province.Morin acknowledged the dispute among Indigenous people over Trans Mountain, but said his First Nation wants to move with the times to benefit everyone. Profits will be reinvested in green projects such as a solar farm, he said.“Some of our philosophy out here is the best way to sovereignty and self-determination for us is through business,” said Morin.“You can choose to get left behind or you can choose to get in front and direct change, and that’s what this project is.”Kinder Morgan Canada suspended work on the project in April, saying the dispute had put the line’s financial viability at risk.In late May, the federal government agreed to buy the $4.5-billion pipeline to ensure it got built, but the Liberals say they don’t plan to be the long-term owner.The regulatory hurdles may not be over.Sohi and Anderson acknowledged the project may be subject to U.S. approval because the purchase includes the Puget Sound pipeline.“We are very confident that this is a normal process and we will get through it,” said Sohi.(Companies in this story: TSX:KML)Note to readers: This is a corrected story. An earlier version said the pipeline cost $4.5 million.last_img read more

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Netflix to borrow another 2B to pay its programming bills

first_imgSAN FRANCISCO – Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years.The additional debt load announced Monday isn’t a surprise. Netflix needs more cash because it has been spending more money than its business generates since its expansion into original programming with the 2013 release of “House of Cards.”Netflix expects to burn through $3 billion this year. The $2 billion that Netflix plans to raise in a bond offering will be lopped onto it existing debt of $11.8 billion. That includes another $1.9 billion debt offering that Netflix completed earlier this year.The borrowing binge appears to be paying off. Netflix has gained nearly 100 million subscribers since September 2013, including 7 million in the past quarter. The company recently predicted it will add another 9.4 million subscribers by the end of this year.The Los Gatos, California, company believes all its spending on award-winning programming will help it build an insurmountable lead in video streaming as other major entertainment companies such as Walt Disney Co. join the fray with a current crop of competitors that include Amazon, Hulu and HBO.Investors have been betting heavily on Netflix to win. The company’s stock is worth seven times more than it was five years ago, to give Netflix a market value of about $146 billion. The shares slipped $3.13 to close Monday at $329.54.last_img read more

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The Latest Phoenix police locate mother of dead newborn

first_imgPHOENIX — The Latest on a dead newborn found at an Amazon facility (all times local):8:50 a.m.Phoenix police say investigators have located and contacted the mother of a newborn baby girl found dead in a women’s restroom inside an Amazon distribution centre.A police statement doesn’t say whether the woman of the baby discovered Wednesday night is an Amazon employee and that her identity is being withheld.The statement issued Thursday said the police investigation will continue in consultation with the Maricopa County Medical Examiner’s Office.The massive distribution centre on the city’s southwest side is one of several Amazon sites in metro Phoenix.___6:30 a.m.Phoenix police say a newborn baby was found dead in a women’s restroom inside an Amazon distribution centre.Sgt. Vince Lewis says the baby was found Wednesday evening and that Phoenix firefighters responded and confirmed that the baby was deceased.Lewis says a death investigation is underway.Amazon says in a statement it’s working with police to support their investigation and calling the incident “terribly sad and tragic.”The massive distribution centre on the city’s southwest side is one of several Amazon sites in metro Phoenix.The gender of the baby was not disclosed.The Associated Presslast_img read more

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Greens call for ban on foreign oil imports using Alberta oil instead

first_imgMay said she’s perfectly fine with Green popularity pushing other parties to raise their games on climate. While both the Liberals and NDP claimed their motions had been in the works before the byelection result, May said there is no doubt in her mind that Paul Manly’s winning and the NDP and Liberals finishing distantly third and fourth, “had almost everything to do with” the motions.The NDP motion failed because it called for Canada to drop plans to expand the Trans Mountain pipeline, a pipeline May also opposes. The Liberal motion hasn’t yet gone to a vote.The Green climate plan also calls for Canada to double its cuts to greenhouse-gas emissions by 2030 and get emissions to zero by 2050. That plan includes no longer selling combustion-engine cars after 2030 and replacing all existing combustion-engine vehicles by 2040.Canada imports about a million barrels of oil a day and produces four times that much. In 2017, Canada produced 4.2 million barrels of oil, and exported 3.3 million of those. Domestic refineries handled 1.8 million barrels. OTTAWA, O.N. – Green party Leader Elizabeth May says saving the world from climate change requires Canada to get off oil before the middle of the century.In the meantime, she wants Canada off foreign oil as soon as possible.The promise to make Canada energy independent is _ perhaps unexpectedly _ in line with the economic and climate strategy of Conservative leader Andrew Scheer. Scheer’s plan calls for Canada to import no foreign oil by 2030, partly by planning an energy corridor across Canada that could simplify the construction of pipelines able to move Alberta oil to any coast. He sees it as a way to find additional domestic markets for Canada’s oilsands, in a bid to increase their production.May’s plan, to “turn off the taps to oil imports” is only a stop-gap measure to keep foreign oil out until Canada can break its oil habit altogether.By 2050, May wants bitumen to be used in Canada only by the petrochemical industry for plastics, rubber, paint, and other such products.“As long as we are using fossil fuels we should be using our fossil fuels,” said May.May’s climate plan is likely to get more scrutiny than its predecessors in past elections.The Liberals and NDP already proved they are paying close attention to the rising threat of Green support, with both pushing similar motions to declare climate change an emergency in the House of Commons earlier this month. Both motions were tabled less than a week after the Greens elected a second MP in a Vancouver Island byelection, and not long after a provincial wing of the party formed the official opposition in Prince Edward Island.center_img Canada’s oil producers already pump enough product to meet domestic demand but there are two problems: there is no pipeline from the oil-rich west to refineries in the east, and even if there were, those refineries aren’t equipped to handle the heavier bitumen that is the Alberta oilsands’ trademark.For Canadian refineries in the east, bitumen from the oilsands must be upgraded to synthetic crude. May’s plan is to invest in upgraders to do it.She acknowledges weaning Canada off foreign oil won’t happen overnight, given existing contracts Canadian refineries have and figuring out how to build the upgraders and then ship the product.Privately, Liberal government critics suggest there is no way to have Canada’s east coast use Canadian oil without building a new pipeline to get the products there. May does not support a new pipeline anywhere, and argues the raw bitumen could be transferred by rail as long as Canada invests more in its rail services.The proposed Energy East pipeline to carry diluted bitumen to the east coast fell apart in 2017 amid significant opposition in Quebec, opposition that continues under the new Coalition Avenir Quebec government.Scheer’s plan is to establish an energy corridor that would allow an Energy East-like pipeline to proceed alongside interprovincial electricity grids, with only one right-of-way required.May said the Greens are the “only party that have a plan that allows human civilization to survive.”“It’s not a Canadian lifestyle choice,” she said. “All of humanity is at risk.”last_img read more

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Football No 4 Ohio State scores two defensive touchdowns in 4028 win

Redshirt sophomore quarterback Dwayne Haskins (7) drops back to pass behind redshirt junior offensive tackle Brandon Bowen (76) and junior center Michael Jordan (73) in Ohio State’s game against TCU. Ohio State won the game 40-28. Credit: Casey Cascaldo | Photo EditorThrough the first two games of the season, the Ohio State defensive line has been one of the main examples of the team’s dominance, with junior Nick Bosa and sophomore Chase Young on either end and redshirt junior defensive tackle Dre’Mont Jones in the middle. In Saturday’s game against No. 15 TCU, Ohio State’s defensive line was the reason behind No. 4 Ohio State securing its first win of the season against a ranked opponent, defeating the Horned Frogs 40-28 at AT&T Stadium. The Ohio State defensive line came into the game with a few hurdles to overcome: a mobile quarterback, something the defense had not seen this season, and an offensive line that had not allowed a sack in their first two games this season. Bosa set the tone early. When TCU sophomore quarterback Shawn Robinson hiked the ball in the second play of his second drive, the junior defensive end easily moved past the right guard, with nothing staying in between him and the sophomore quarterback. Seconds later, Bosa, from the quarterback’s blind side, collided with Robinson in the endzone, forcing him to drop the ball. Redshirt junior defensive tackle Davon Hamilton finished what Bosa had started, picking up the ball and giving Ohio State its first touchdown of the day.However, Bosa left the game in the third quarter with a lower body injury and did not return. He left with five tackles, including the strip sack, and a forced fumble.Ohio State acting head coach Ryan Day did not give any update on Bosa after the game, saying he was still being evaluated.Jones said, when Bosa left with the injury, it was a bit of “a wake-up call” for the defense as a whole moving forward.“We were like ‘Alright, we have to go out there and play,’” Jones said. ‘”There was no one relying on on him to make a play. We have to rely on ourselves, we have to rely on each other,’ and I think tonight, after a hard first half, we did.In his absence, the Ohio State defense was not done.In the third quarter, with the Horned Frog offense on its own 28-yard line, Robinson attempted a short shovel pass in front of his offensive line. However, Jones read the play, stepped in front of the passer, intercepted the ball and brought in Ohio State’s second defensive touchdown of the day, giving Ohio State the 26-21 lead, a lead that Ohio State wouldn’t give up on the way to its third win of the season. Jones would also leave the game in the third quarter with an undisclosed injury, but returned to the defensive line in the fourth quarter, finishing the game with two tackles for loss, including a sack, an interception and a broken up pass While the Ohio State defense scored 14 points in Saturday’s 12-point win over TCU, the Buckeye offense was not the same as what it had been against Oregon State and Rutgers. Redshirt sophomore quarterback Dwayne Haskins found his connection in the passing game early, connecting with junior wide receiver Austin Mack twice for 64 yards in the first drive of the game, bringing the Buckeyes to the TCU 2-yard line. That’s when Mack’s day started to take a turn. After handing the ball off to Dobbins for another 1-yard rush and an incomplete pass to redshirt junior tight end Rashod Berry, Haskins found Mack on a slant route in the middle. Throwing a dagger right into the hands of his receiver, something Haskins had seen work after two targets earlier in the drive, Mack dropped the pass, forcing Ohio State to hit one of two field goal makes in three attempts in the first half. Mack’s dropped pass in the end zone began what proved to be a trying day for the junior wide receiver. With nine targets from Haskins, Mack dropped four passes, bringing in four catches for 84 yards.For a quarterback whose main target was struggling to catch passes as well as experiencing an amount of pressure in the pocket he did not feel in the first two wins of the season, Haskins said he had to adjust and overcome adversity for the first time this season.“We got punched in the mouth, but it was a fight,” Haskins said. “We have to be able to rebound it, and we did in the second half.”In the second half, Haskins tightened up as a passer, completing eight of 10 pass attempts for 148 yards, throwing two touchdown passes. He finished the game with 344 yards through the air, his second of three games this season in which he has thrown more than 300 yards in a game, completing 63.2 percent of his pass attempts. Throwing two touchdown passes, including a 63-yard pass to redshirt senior receiver Parris Campbell in the third quarter, Haskins recorded his first career rushing touchdown, a five-yard rush to the left in the fourth quarter. Despite Haskins scoring the only rushing touchdown of the day for the Buckeyes, sophomore J.K. Dobbins and redshirt junior Mike Weber combined for 185 yards on the ground, with Dobbins leading the way with 121 yards on 18 carries. Even with two defensive touchdowns scored, the Ohio State defense struggled to contain Robinson and the TCU offense. The Buckeyes allowed 511 yards, including 203 yards on the ground with three touchdowns. Junior running back Darius Anderson recorded two touchdowns, including a 93-yard touchdown run, the longest touchdown Ohio State has given up in school history. He finished the day with 154 yards on the ground, averaging 12.8 yards per carry.Day said he knew, going into his first ranked game of the season, that everything was not going to go in favor of Ohio State like it had been during the first two wins over Oregon State and Rutgers.“We knew there was going to be ebbs and flows in a game like this,” Day said. “We talked about how everything is not going to go perfect. There were times in the two weeks previously where things really went well for us, you know. We knew there was going to be times where we hit adversity and that we have to stick together in times like that and I thought we did.”Ohio State secured its victory with 2:37 left in the fourth quarter as junior linebacker Malik Harrison recorded his first career interception. The Buckeyes look to continue their three-game win streak at home on Sept. 22 against Tulane.Updated at 1:34 a.m. with quotes from the postgame press conference. read more

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Something big will happen at Bayern tomorrow

first_imgThe German Bundesliga club’s president, its chairman and the sporting director will host a press conference at middaySomething big is happening tomorrow in the world of football and nobody knows exactly what.According to Bavarian Football Works, the three most important persons in the German Bundesliga club Bayern Munich will host a press conference.The “biggest guns” in Bavaria will be present: president Uli Hoeness, chairman Karl Heinz Rumenigge, and sporting director Hasan Salihamidzic.Jadon SanchoMerson believes Arsenal should sign Sancho Manuel R. Medina – September 14, 2019 Borussia Dortmund winger Jadon Sancho might be the perfect player to play for the Gunners, according to former England international Paul Merson.The strange part is that the press conference has been planned one hour after coach Niko Kovac speaks to the press about the next match for Bayern.The Bavarians will visit Wolfsburg as part of Matchday 8 in the Bundesliga.There is much speculation, but only time will tell.last_img read more

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India issuing foreign currency bonds is antipatriotic says RSS

Ashwani Mahajan, chief of the Hindu nationalist Rashtriya Swayamsevak Sangh’s (RSS) economic group Swadeshi Jagran Manch (SJM)ReutersAn influential Hindu nationalist group close to Prime Minister Narendra Modi’s ruling party has demanded his government review its plan to raise money by selling foreign currency bonds.They say it is anti-patriotic as it could create long-term risks for the economy, potentially allowing rich foreign nations and their financial institutions to dictate the country’s policies.”We can’t allow this to happen,” declared Ashwani Mahajan, the co-convenor of Swadeshi Jagran Manch (SJM), the economic wing of the Rashtriya Swayamsevak Sangh (RSS).The RSS was the key founder of the ruling Bharatiya Janata Party and has people it nurtured in top positions in the government, including Modi himself.Declaring that the SJM will campaign against the plan by convening meetings of influential economists, Mahajan said: “We are confident that government will withdraw its decision on these bonds.””We must look at the experience of countries that have taken loans from international markets to meet their government deficit. The experience of these countries has been far from good,” he said, citing Argentina and Turkey as examples.Mahajan said going overseas to borrow may mean that the rupee currency depreciates at a faster rate and allows foreign governments to demand tariff reductions.A Finance Ministry spokesman declined to comment for this story.Speaking at a business summit in London, British Prime Minister Theresa May expressed hope that the Indian government would choose the British capital as the location to issue its first international sovereign bonds.New Delhi has not so far given any details about where they will be issued.Subhash Chandra Garg, the top official at the Finance Ministry, told Indian business leaders last week that the overseas debt move was part of efforts to bring down real interest rates for Indian firms, to help the economy grow faster.”We will have a very open attitude to welcome foreign investment and savings because that is what would be required,” he said.Garg said that the problem with relying so much on domestic debt was that the government tapped into nearly 80 per cent of total savings in the economy, leaving little for private companies. As a result, those businesses are forced to pay up to 12-13 per cent in interest rates on bank loans.The government has in the past considered raising funds from overseas markets but those tasked with determining the feasibility of such a plan have ended up recommending against it.”Most of the debt is of domestic origin, insulating the debt portfolio from currency risk,” India’s previous finance minister, Arun Jaitley, wrote in a paper on public debt in February last year.’FADDISH INVESTORS’ It is not only the RSS’ economic branch that has criticised the government’s proposal.India should worry about short-term “faddish investors buying when India is hot, and dumping us when it is not”, former central bank governor Raghuram Rajan wrote in an article for the Times of India newspaper last Saturday.The SJM has shown it can mobilise opinion to change government policy on several occasions in the past few years, including pushing it to take a harder line against genetically modified crops and a more protectionist stance on trade issues.It helped to pressure the government into introducing new e-commerce regulations in February that upset two American behemoths, Amazon.com Inc and Walmart. The US companies said the move discriminated against them and favoured domestic retailers.But the BJP may not bend on this occasion.Gopal Krishna Agarwal, the BJP’s national spokesman on economic affairs, said that despite some risks highlighted by the critics, the sovereign bonds were the “best alternative” at this point, considering the government’s massive investment plans.The government’s goal of keeping real interest rates low makes it difficult to raise funds in the domestic market at reasonable rates, he added.Agarwal cautioned, however, that the government has to stick to its fiscal deficit target of 3.3 per cent of GDP for the current year ending next March and ensure that overseas borrowing does not lead to a higher deficit.LOWER COSTS Based on its sovereign credit rating, which stands at ‘BBB-‘, analysts suggest India would be able to raise U.S. dollar funds overseas at about 3.2 per cent at current market rates, though that figure would rise once hedging costs are taken into account.The 10-year government bond, the most liquid paper in the domestic debt market, closed at 6.33 per cent on Tuesday.Overseas borrowing exposes the government’s liabilities to currency fluctuations and can therefore impact domestic interest rates.”India’s vulnerability to external events is very high given its disproportionately high dependence on imported oil,” said Rupa Rege Nitsure, chief economist at L&T Financial Holdings. read more

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