What a falling rupee means for household budgets

THE ECONOMIC TIMES Fri, Aug 31, 2018 | 07:05 PM IST Slideshows Newsletter

Chinese military bases across the world In pursuit of its global ambitions and emerge as the next super power China is creating military bases primarily Naval and few army across continents which seemed unthinkable even a decade back. What a falling rupee means for household budgets Since cross-border payments are dollar-denominated, the cost of any import rises when the rupee weakens. On Friday, the rupee plunged to a new-low as it hit the psychological 71-mark against the US dollar for the first time. Indian railways goes green, to shift to natural gas to cut cost In a bid to shift to cleaner fuels, Indian Railways has signed a preliminary deal with GAIL to use natural gas in some of its operations. Caffeine hit for Coca-Cola as it buys Costa coffee chain Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. There is a drivable Bugatti made out of one million Legos Lego has built a driveable life-size Bugatti Chiron supercar from a million Lego Technic pieces. The toy firm took 13,438 hours to development and construct the 1.5 tonne model. 20-hour direct flights with gym and bunks may soon become a reality 20-hour direct flight may soon become a reality. A year after Qantas CEO Alan Joyce publicly challenged Boeing Co. and Airbus SE to design a plane capable of making a nonstop flight from Sydney to London or New York, he says the manufacturers have succeeded. Portugal to turn fascist era prison into a museum Portugal is planning to turn a notorious prison where anti-fascist activists were once beaten and tortured into a museum to help ensure that the memories and experiences of its ageing survivors do not die with them. Why '8 o'clock - 4 o'clock' is safest for highway driving If you are a diligent motorist holding the steering wheel in the 10 o'clock-2 o'clock or 9 o'clock-3 o'clock positions just the way your driving school instructor taught you, you could be at risk of fatigue and potentially greater harm in an accident. Look what's giving Qutub Minar stiff competition Delhi's Qutub Minar, a 13th century minaret and a UNESCO world heritage site, is facing stiff competition from a towering mountain of trash. The Ghazipur landfill, one of the main garbage dumping sites of the national capital, has reached height of 65 metres, just eight metres less than one of the tallest minarets in the country. Six mantras of Warren Buffett on success, investment and life Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time. He celebrated his 88th birthday on August 30. Here six five of his quotes that will give us an insight into his genious mind.

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