Morbi bridge collapses LIVE Updates: Prime Minister Narendra Modi announced an ex-gratia of Rs. 2 lakh from the Prime Minister National Relief Fund (PMNRF) for the next of kin of the people who lost their lives in the mishap while Rs. 50,000 each will be provided to the injured.
Morbi cable bridge collapse: An engineering marvel built at the turn of the 19th century, the suspension bridge was said to reflect the progressive and scientific nature of the rulers of Morbi, as per its description on the district collectorate website.
Reserve Bank of India news: Entities which do not hedge their foreign currency exposure can incur significant losses during a period of heightened volatility in foreign exchange rates.