The Reserve Bank of India ( RBI ) is expected to ease rates at the forthcoming mid-quarter review June 18 to lift constraints on lending as it seeks to tackle the shortage of cash in the banking sector and the slowing economy. It is expected that there will be a rate cut of at least 25 basis points (bps).
The Dragon’s Hunger For The Elephant: How China Is Driving International Growth In Illegal Ivory Dealing
Pictured is a photo of an elephant tusk carved into the image of Guanyin, a Buddhist spiritual deity in China associated with mercy and kindness, that was uploaded by an anonymous seller onto the auctioning site mycollect.net. The auction eventually drove the price to 240,429 yuan, or $37,892. The bodhisattva Guanyin is venerated as a symbol for compassion and mercy by Buddhists in East Asia.