Camels

Your weekly roundup of offbeat stories from around the world.

Over 40 camels got botox, disqualified from Saudi beauty pageant

Saudi Arabia's popular King Abdulaziz Camel Festival, which kicked off earlier this month, invites the breeders of the most beautiful camels to compete for some $66 million in prize money.

Snipers to cull up to 10,000 camels in drought-stricken Australia

Local officials in South Australia state said "extremely large" herds have been encroaching on rural communities -- threatening scarce food and drinking water, damaging infrastructure, and creating a dangerous hazard for drivers.

Animals suspected in spread of new virus

Britain's Health Protection Agency has published an early genetic sequence of the new respiratory virus related to SARS that shows it is most closely linked to bat viruses, and scientists say camels, sheep or goats might end up being implicated too.

RBI committee advises risk based supervision for banks

A high level steering committee (HLSC) chaired by K C Chakrabarty, deputy governor of RBI has submitted its report to the regulator on review of supervisory processes for commercial banks. It suggested to replace the present compliance-based and transaction-testing approach (CAMELS) with the risk based supervision (RBS).

RBI to conduct onsite inspections on banks' overseas arms

In a bid to stem the cascading impact of global economic turmoil, the RBI has decided to take a deeper insight of banks’ international business. The regulator has revived the process of making onsite visits at foreign branches held by their subsidiaries or in any manner, almost after more than two decades, a source from RBI told Moneycontrol.com.