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The Achilles' Heel of the Chinese Communist Party

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China celebrates centenary of Communist Party at Tiananmen Square


China celebrates centenary of Communist Party at Tiananmen Square
07/01/2021 0:54
BEIJING (Reuters) -Celebrations in Beijing to mark the 100th anniversary of the founding of China s ruling Communist Party kicked off on Thursday morning with a flyby of fighter jets and helicopters at Tiananmen Square in the centre of the capital.
Around 30 aircraft formed a 100 as crowds cheered under the gaze of the nation s leaders, including President Xi Jinping, seated at the southern ramparts of the Forbidden City.
Xi, China s most powerful leader since Mao Zedong, is scheduled to deliver what state media have described as an important speech at the iconic Tiananmen Square, where there has been heavy security. ....

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Sensex, Nifty start on flat note amid weak global cues


Source:
Highlights
The 30-share BSE index was trading 36.88 points or 0.07 per cent lower at 52,445.83 in initial deals.
Similarly, the broader NSE Nifty inched 5.50 points or 0.03 per cent down to 15,716.
Bajaj Finance was the top loser in the Sensex pack, shedding over 1 per cent.
New Delhi: Equity benchmarks Sensex and Nifty opened on a flat note on Thursday amid a weak trend in Asian peers and foreign fund outflow.
The 30-share BSE index was trading 36.88 points or 0.07 per cent lower at 52,445.83 in initial deals. Similarly, the broader NSE Nifty inched 5.50 points or 0.03 per cent down to 15,716.
Bajaj Finance was the top loser in the Sensex pack, shedding over 1 per cent, followed by IndusInd Bank, HCL Tech, Bajaj Finserv, Infosys and UltraTech Cement. ....

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Small saving schemes alert! PPF, Sukanya Samriddhi interest rates unchanged for next 3 months


Highlights
Finance Ministry usually reviews the interest rates on small saving schemes every quarter.
Sukanya Samriddhi Yojana will fetch a 7.6% interest rate annually.
New Delhi: The Finance Ministry has decided not to revise the interest rates on small saving schemes for quarter three of the financial year 2021-2022. This means that interest rates on schemes such as Public Provident Funds (PPF), Senior Citizens Saving Schemes (SCSS), and National Saving Certificate (NSC), among others, remain unchanged for three months starting July 2021. For those uninitiated, small savings schemes are offered by the Government of India, banks or public financial institutions to encourage citizens to make small deposits for their future.  ....

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