US bombings on ISIS near Baghdad destroy six vehicles

The US attack south-west of Baghdad was the first strike and destroyed six IS vehicles near Sinjar and an IS fighting position southwest of Baghdad that had been firing on Iraqi forces


The warplanes from US carried out their first air strike on the Islamic State near Baghdad, as world diplomats pledged to support Iraq in its fight against the militants.


Early last month, the US began air strikes against IS positions in northern Iraq, but Monday's announcement that the campaign had targeted the jihadists near the Iraqi capital marks an escalation in the scope of the mission.


It comes less than a week after US President Barack Obama, in a prime-time television address to the nation, ordered a "relentless" war against the Islamic State, including air strikes in Syria and expanded operations in Iraq to "destroy" the marauding jihadist army.


"US military forces continued to attack ISIL (IS) terrorists in Iraq, employing attack and fighter aircraft to conduct two air strikes Sunday and Monday in support of Iraqi security forces near Sinjar and southwest of Baghdad," US Central Command said in a statement.


"The air strike southwest of Baghdad was the first strike taken as part of our expanded efforts beyond protecting our own people and humanitarian missions to hit ISIL targets as Iraqi forces go on offense, as outlined in the president's speech last Wednesday."


The strikes destroyed six IS vehicles near Sinjar and an IS fighting position south-west of Baghdad that had been firing on Iraqi forces.


They bring the number of US air strikes across Iraq to 162.


It came as representatives from about 30 countries and international organisations, including the United States, Russia and China, met in Paris to discuss the crisis triggered when IS overran large areas of Iraq and Syria, carrying out beheadings and forced religious conversions.


The savage beheading at the weekend of a Briton, the third Western hostage to be executed on camera, raised the stakes in the battle against the jihadists, who have declared a caliphate and have as many as 31,500 fighters, according to the CIA.


In a joint statement, diplomats vowed to support Baghdad "by any means necessary, including appropriate military assistance, in line with the needs expressed by the Iraqi authorities, in accordance with international law and without jeopardising civilian security.


SBI increases interest rate for deposits between 180-210 days

SBI said in view of abundant liquidity coupled with slower than anticipated credit pick up it also decided to cut interest rates for deposits between one year to three year by 25 bps to 8.75%


State Bank of India (SBI), the country's largest, state-run lender said it has revised interest rates for select term deposits below Rs1 crore from 18th September due to abundant liquidity and slower credit pick up.


"SBI decided to cut the deposit rates by 25 basis point to 8.75% in the one-three year term, while increasing interest rate by 25 basis points for deposit between 180 to 210 days period," the lender said in a statement.


SBI said, "With the inflation also trending down at a faster clip, this rate adjustment will continue to ensure that the savers are compensated adequately with a positive real rate on their deposits."


(All figures in % per annum)


Existing rates

Revised rates

w.e.f. 18/09/2014

180 days to 210 days



1 year to less than 3 years




While deposits from 7 days to 179 days would continue to earn the same interest of 7% per annum, for deposits of 180 days to 210 days, the interest rate has been revised upwards to 7.25%. The interest rate for deposits from 211 days to less than one year would remain unchanged at 7.5%.


However, for deposits for a period ranging from 1 year to less than 3 years, the interest rate will be reduced by 0.25% to 8.75% from 9%. For deposits of three years to less than five years, interest rate will remain unchanged at 8.75% while deposits of five years and above will continue to earn interest of 8.5% as earlier, SBI said in the statement.


SC Issues Notice to Tamil Nadu on Building Collapse
The Supreme Court issued notices to the Centre and Tamil Nadu on a PIL which sought to hold government agencies accountable for the crash of a building. The petition, filed by two Chennai-based lawyers R Krishna Murthy and N Rajaraman, said, “State government officials like revenue, district town planning authority, fire and rescue services, hydrologist constituted under the Central Wetlands Regulatory Authority have measurably failed to uphold the fundamental right guaranteed under Article 21 of the Constitution. There are so many buildings under construction on wetland-like water bodies especially near Chennai.” The petitioners sought directions to preserve wetlands and to restrain construction on them in addition to a CBI probe into the crash.
A bench, headed by Justice HL Dattu, ordered notices to be issued to Tamil Nadu government and other states on the plea of the petitioner seeking a CBI probe into the multi-storeyed building’s collapse. The crash of the 12-storey building on a patch of wetland on the outskirts of Chennai killed 61 construction labourers and raised questions about procedures involved in issuing clearances for new real estate projects. 


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