Gold Silver Reports (GSR) – 15 Die When Truck, Hockey Team Bus Collide — The bus had 29 passengers, including the driver, when it crashed at about 5 p.m. on Highway 35, police said. Among the dead are Broncos head coach Darcy-Haugan, team captain Logan Schatz and radio announcer Tyler Bieber. Authorities earlier said three were in critical-condition but later provided an update to say that 15 have now died.
India To Spend Rs 16,717 Crore On Modi Health Insurance Plan In Two Years
Gold Silver Reports (GSR) – India To Spend Rs 16,717 Crore On Modi Health Insurance Plan In Two Years — “The centre’s share will be Rs 10,498 crore and the states will spend around Rs 6,219 crore,” Alok Saxena, joint secretary in the Ministry-of-Health and Family-Welfare who has been supervising the rollout. In the first year, the government will spend Rs 2,800 crore and states’ will pitch in Rs 1,700 crore. They will contribute Rs 7,300 crore and Rs 4,500 crore, respectively, in the second, he said.
India RBI Key Points of the Monetary Policy Statement
Gold Silver Reports (GSR) – India RBI Key Points of the Monetary Policy Statement — Reserve Bank of India Governor Urjit Patel and his monetary policy committee lowered inflation projections on Thursday, raising expectations that interest rates will be on hold for sometime to come. That may boost flagging investments and demand, both of which were hit by a cash ban imposed in late 2016 and the chaotic implementation of a consumption tax last year.
Trump Escalates Trade Tensions With Call for New China Tariffs
Gold Silver Reports (GSR) – The move threatens to unravel efforts by top U.S. and Chinese trade officials to lower the heat and reach an agreement that could stave off an escalating conflict, after the release of a list of tariff targets earlier this week prompted immediate threats of retaliation from Beijing.
Stocks Rally Third Day as Trump Team Eases Stance
Gold Silver Reports (GSR) – Stocks Rally Third Day as Trump Team Eases Stance — The S&P 500 Index bounced back from Monday’s selloff as investors grew more confident the administration’s protectionist rhetoric wouldn’t result in equally stringent policy. The rally took stocks to a two-week high. The dollar strengthened for the third time this week, while the 10-year Treasury yield popped above 2.82 percent.