Citizens' Issues
First Suvidha train to start from Delhi on Monday

For Suvidha trains, one can book tickets across reservation counters, while the reservation period has been extended to 30 days

 

The railway ministry on Wednesday said the first Suvidha train, to replace the existing Premium trains, will start from here on Monday.
 
"The first such Suvidha train is being started from July 12 between Gorakhpur and Anand Vihar (Delhi). This train will run from July 13 to July 30," an official statement said.
 
"The booking for this train has started today (Wednesday)," the ministry said.
 
The major disadvantage of the Premium trains introduced last year was that tickets could only be bought online.
 
For Suvidha trains, one can book tickets across reservation counters, while the reservation period has been extended to 30 days.

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IMF to not bend rules over Greece debt issue
The International Monetary Fund (IMF) Managing Director Christine Lagarde said that the fund will not bend rules on debts owed by Greece but would remain fully engaged in order to help find solution.
 
"Whenever the IMF (is) involved, it's certainly my view that the IMF has to follow its rules, should not bend the rules, and should always be even-handed, there cannot be any special treatment," Lagarde spoke at the Brookings Institute on Wednesday.
 
"Our loans to countries experiencing difficulties, our loans are conditional upon various requirements, but all of them aim at restoring stability, restoring growth and debt sustainability," she said, Xinhua reported.
 
Lagarde reiterated that Greece should walk on two legs in terms of reform: one is significant reforms and fiscal consolidation, and the other is debt restructuring with sustainability.
 
She underlined that the situation of accrued crisis needs to be addressed "seriously and promptly", and the IMF would be engaged to find the most inclusive solution to help restore stability, growth and debt sustainability in Greece.
 
Since July 1, Greece has been in arrears to the IMF and needs to repay 3.5 billion Euros in loan installments to the European Central Bank by July 20. 
 
Without emergency assistance, Greece seems to head to default, largely increasing the risk of exit from the Eurozone.
 
Last week the IMF said in a staff report that financing needs for Greece could add up to more than 50 billion Euros (about $55.42 billion) over the next three years and the country is unlikely to close its financing gaps from the markets on terms consistent with debt sustainability.

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Greece extends closure of banks
The Greek government has extended bank closures and a 60 euro($66) daily limit on ATM withdrawals until Monday, media reported on Thursday.
 
"The bank holiday is extended to July 13," the finance ministry said in a statement late Wednesday.
 
The curbs were imposed on June 28 after a deadlock in bailout talks with creditors led a rush of withdrawals, BBC reported.
 
The announcement came after the European Central Bank (ECB) decided not to increase support for Greek banks until the debt crisis is resolved.
 
Greek Prime Minister Alexis Tsipras has said that he would submit "credible" reform plans on Thursday - ahead of a Sunday deadline by the European Union (EU) to find a solution.
 
European Council President Donald Tusk has said that this was now the "most critical moment in the history of the eurozone".
 
"The final deadline ends this week," he said after emergency talks of the eurozone leaders in Brussels on Tuesday.
 
Greece's last international bailout programme expired on June 30 and it missed an International Monetary Fund (IMF) payment.

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