News brief: Big stories of the day

WION Web Team
New Delhi, Delhi, IndiaUpdated: Jan 07, 2019, 07:02 PM IST

File photo: US President Donald Trump. Photograph:(AFP)

Story highlights

Top developments of the day.

The Reserve Bank of India (RBI), having changed leadership last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.

The Narendra Modi cabinet has approved a 10% quota for the upper castes. The reservation — if cleared by parliament and the courts — will be given to the economically weak among the upper castes. 

China has lodged "stern representations" with the United States over a US navy vessel sailing near disputed islands in the South China Sea, its foreign ministry said on Monday (January 7) as US officials joined talks in Beijing during a truce in a bitter trade war.

Taliban insurgents have stormed security posts in west Afghanistan, killing 21 police and pro-government militia members, officials said on Monday, the latest in a surge of attacks that has cast doubt on tentative steps towards talks.

US President Donald Trump pledged on Sunday not to bend in his demand for a wall along the southern border with Mexico but said the barrier could be made of steel instead of concrete as a potential compromise with Democrats who refuse to fund it.