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Just imagine
Forty years ago, man landed on the Moon. Also in 1969, the Vietnam war ground on, high hippydom ruled Western youth culture, feminism was in its so-called second wave, and the collectivist kibbutz movement in Israel was at the peak of its post-war efficacy. In 1969, Ursula Le Guin was just gaining renown as a writer. In that year she turned 40, and published her best-known science fiction novel. In 2009 the author turned 80 and her book, still in print and now a classic, turned 40.

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Rs 35 crore at stake in IPL-3 after Sena threat to Aussies
The third edition of the Indian Premier League, scheduled to begin in March, is under controversy after the Shiv Sena has opposed the participation of Australian cricketers in the domestic Twenty20 event, in the wake of ongoing attacks on Indian nationals Down Under.

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GE Capital: GE Capital is taking on the doubters. General Electric’s finance arm on Tuesday addressed investors sceptical of its fit within the industrial conglomerate. Chief among the messages: the business is adequately funded; it has enough capital to handle potential loan losses; and it is basically above average in what it does relative to big US banks. But if that’s all true, why does GE Capital need the special treatment it is fighting for on Capitol Hill?
International Business

Banks prepared to check fake currency menace: RBI

Banks are fully geared to check the menace caused by fake currency, a senior official of the Reserve Bank of India said. - Mid-sized banks should consider M&As: Chawla - PSU banks should look at merger and consolidation: Fin Secy - FDIC likely to ask banks to prepay fees for 3 years - SC notice to Centre on black money stashed abroad - Focus more on Casa deposits, govt tells public sector banks - Swiss challenge Reserve Bank of India Regional Director J Sadakkadulla said a high-level committee headed by RBI Deputy Governor Usha Thorat had recommended installing of note sorting machines (NSMs) in all bank branches in a phased manner and has asked the banks to give a road map to the RBI to achieve this task. He said the number of fake notes in India was just eight pieces per million which is one of the lowest in the world. "The total circulation of the currency in India is 48 billion pieces and the fake currency merely 0.0008 per cent of that," he added. "The market price of the note-sorting machine is Rs 10 lakh and will decrease in the near future," said Sadakkadulla. He said earlier, it was only the currency chest of the banks which were required to install note sorting machines. "But now each branch of the bank will have to go for note-sorting machines," he asserted. At present, only about 4,000 currency chests have these machines and about 70,000 bank branches that are present all over the country require them.


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