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Daily News Podcast: Delhi is world's most polluted city, says WHO

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Through a fog of data, air of Indian cities' looks dirtiest
India should follow China's example and clean up the air in its cities, which are among the world's worst for outdoor pollution, the World Health Organization said on Wednesday. The WHO's database of more than 4,300 cities showed Indian cities such as New Delhi, Varanasi and Patna were among the most polluted, based on the amount of particulate matter under 2.5 micrograms found in every cubic metre of air.

India rejects US request on price caps on medical devices
India has told the United States it won't abstain from capping prices for more medical devices, regardless of pressure to rethink its stance after price controls on heart stents and knee implants spoilt the market for some US firms, sources familiar with the matter said. India's drug pricing authority is also pushing to bring three more devices used while treating heart ailments under the ambit of price controls as they are sometimes more expensive than the stent itself, showed a government letter reviewed by Reuters.

RBI allows foreign investors to invest in treasury bills
The Reserve Bank of India on Tuesday permitted foreign portfolio investors or FPIs to invest in treasury bills issued by the Central government. However, the investors will have to ensure that their exposure in government securities as well as corporate bonds of less than one year maturity shall not exceed 20 per cent of total investment.

India infrastructure output growth slows to three-year low in 2017-18
India's infrastructure growth slowed to a three-year low of 4.2 per cent in the fiscal year ending in March, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year. Annual output growth was 4.2 per cent during the 2017-18 fiscal year that ended in March, lower than 4.8 per cent in the previous year, and dragged down by slower growth in the production of coal, steel and electricity, according to data released on Tuesday by the Ministry of Commerce and Industry.

HCL Tech fourth-quarter profit falls nearly 10 percent, misses estimates
HCL Technologies Ltd posted a 9.9 percent fall in its fourth-quarter net profit on Wednesday, hurt by higher expenses. Net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31, from 24.73 billion rupees in the same period a year earlier, HCL said. Analysts on average had expected the company to post a net profit of 22.60 billion rupees, according to Thomson Reuters data.

Govt unveils new telecom policy: 5G, robotics, artificial intelligence, 4 million jobs on agenda
The Department of Telecommunications on Tuesday unveiled new draft for the National Digital Communications Policy- 2018. The draft lays out the government's plans to bring investments worth $100 billion in the telecom sector, create 40 lakh new jobs, setup high-speed broadband and WiFi hotspot services across the country by year 2022. The government also plans to harness latest technologies like Artificial Intelligence, 5G network, machine to machine communication and cloud computing.