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Supreme Court notice to Centre, RBI and CBI on plea on Participatory-notes
NEW DELHI: Supreme Court today sought responses from the Centre, RBI, market regulator SEBI and CBI on a plea seeking a direction that the offshore portfolio investors, who invest in the Indian stock market through participatory-notes, should not be allowed to withdraw the money till further orders. A bench of Justices Dipak Misra and C Nagappan issued the notice on the interim application, which was
Mondal and Vedika setting more records
Swadesh Mondal and Vedika Amin continued in their merry ways at the Glenmark 33rd sub-junior National aquatic championships, setting more records on the penultimate day of the meet at the Basavanagudi Aquatic Centre here. A total of three new records were established on Friday, with Assam’s Uttara Gogoi raising the bar in the Group 3 girls’ 50m butterfly event. After having broken
Indian team wins 'team spirit award' at NASA competition
A group of 13 Indian engineering students, including four girls, has won the team spirit award in NASA's prestigious global competition to build and design remotely operated vehicles from scratch. The team named 'Screwdrivers' from Mukesh Patel School of Technology Management, Mumbai, won "Aloha Team Spirit"award at the Mate International ROV Competition at the NASA Johnson Space
PM to attend 300th Martyrdom Anniversary Commemoration Event of Baba Banda Singh Bahadurji
The Prime Minister, Shri Narendra Modi, will attend a commemorative event to mark the 300th Martyrdom Anniversary of Baba Banda Singh Bahadurji, in New Delhi on Sunday. The Prime Minister will release a book and souvenir on Baba Banda Singh Bahadurji on the occasion. The event will be attended by the Chief Minister of Punjab, Shri Parkash Singh Badal. A recently released ommemorative
Lt Gen MK Unni Takes over as the new DGAFMS
Lieutenant General Manoj Kumar Unni assumed the charge of Director General Armed Forces Medical Services (DGAFMS) in a function here today. A graduate from the Armed Forces Medical College AFMC, Pune, he was commissioned in the Army Medical Corps on February 27, 1977. He trained as a paratrooper and has served with the Special Forces as a Regimental Medical Officer of the elite 9 Para
TERI organises the 4th Environment Educators’ Conference
New Delhi: Education for Sustainable Development (ESD) is a form of learning which strives to re-orient society towards sustainable practices. It aims at promoting development that is environmentally sound, socially equitable, culturally sensitive and economically just. It is a system that prepares learners to handle a crisis, become responsible citizens, adapt to change and address global problems.Education
ATA- American Telugu Association, Silver Jubilee year in Chicago,
Grand celebrations of ATA- American Telugu Association, Silver Jubilee year will be held from July 1st- July 3rd at Rosemont Convention Center in Chicago, Illinois. American Telugu Association, ATA, is known for its services to the Telugu population living in USA. Since its inception 25 years ago, ATA has been rendering commendable services in the form of Literature, culture and social means. "We
Book out on ‘Magical Biodiversity of India’
Mumbai: BNHS (Bombay Natural History Society) on Thursday hosted a release function of a book based on biodiversity of the country. A book named’ Magical Biodiversity of India’ was released on Thursday, which was authored by Asad R. Rahmani with photographs by Dhritiman Mukherjee. Shantanu Moitra, Music Director officially released the book. “Through this large pictorial book, we
RBI signs MOU with National Bank of Cambodia
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with National Bank of Cambodia.The MoU was signed by H.E Kim Vada, Director General of Banking Supervision, on behalf of National Bank of Cambodia and Smt Meena Hemchandra, Executive Director, on behalf of Reserve Bank of India.
Kenya hikes cash award for Olympic medals, warns dope cheats
ELDORET, Kenya, Jul 2 : Kenya’s deputy president William Ruto announced increased cash incentive for the country’s Olympic medallists while promising tough punishment for dope cheats who tarnish the country’s image at the Rio Games next month.The east African nation known for middle and long distance running excellence has been under global scrutiny after more than 40 Kenyan athletes failed
Indian Railways to take up Rs 20,000-crore port connectivity projects
Ministry of Railways will take up 21 port-rail connectivity projects, at an estimated cost of Rs 20,000 crore, under the government's Sagarmala project to strengthen evacuation network and boost last-mile connectivity to the country's ports. In addition, another six projects are being considered by the Indian Port Rail Corporation Ltd (IPRCL). "The Ministry of Railways will be taking up 21 port-rail
Rawat asks Centre to maintain 90:10 funding for U'khand
Dehradun: Claiming that the circumstances in which Uttarakhand was given special category status still persist, Chief Minister Harish Rawat today asked the Centre to maintain the funding pattern for externally aided projects in the state in the ratio of 90:10. Making the request at a meeting with Union Finance Minister Arun Jaitley, Rawat said with 65 per cent of its land covered with forests,
After Mauritius, India signs double taxation agreement with Cyprus
India and Cyprus have agreed to revise their tax treaty under which capital gains tax will be levied on sale of shares on investments made after April 1, 2017, thus bringing the island nation at par with Mauritius in terms of tax treatment on investments. "The provisional agreement would be placed before the Union Cabinet for approval, subsequent to which the new tax treaty can be signed by the two
BMW to develop driverless car technology with Intel, Mobileye
FRANKFURT: BMW is teaming up with Intel and Mobileye to develop new technology for the auto industry that could put self-driving cars on the road by around 2021. Carmakers and technology firms are increasingly working together as they race against Silicon Valley companies such as Google, Tesla and Apple to develop driverless vehicles. "Together with Intel and Mobileye, the BMW Group will
Jewellers get one more month to register with excise department
Jewellers across the country have been given one more month to register themselves with the central excise department, a statement from the government said.Finance minister Arun Jailtey, had announced a levy of 1% excise duty on all non-silver jewellery, which triggered a nation-wide protest against the government. Jewellers shut shop for over 45 days, resulting in losses running into thousands of crores.
PM oks $1bn deal with US for 4 Poseidons
The India-US strategic clinch continues to get tighter. Soon after the two finalised the bilateral military logistics pact, the US has bagged yet another mega arms deal to reassert its status as India’s largest weapons supplier in recent years. Defence ministry sources on Friday said the Cabinet Committee on Security (CCS), chaired by PM Narendra Modi, has cleared the acquisition of four Poseidon-8I
INS Tarasa, Follow-on Water Jet Fast Attack Craft, launched by Indian Navy
Indian Navy on 30 June 2016 launched the fourth in the series of Follow-on Water Jet Fast Attack Craft (FO-WJFAC) called INS Tarasa. It was launched at the Garden Reach Shipbuilders & Engineers Ltd (GRSE), Kolkata. The name of the ship, like the previously launched FO-WJFACs, is based on the picturesque island in the Andaman and Nicobar islands in the Bay of Bengal.
India’s thriving biodiversity: 445 new species added in 2015
The most discoveries were made in the Eastern Himalaya region, which accounts for 19 per cent of the total discoveries. Four species of reptiles, six species of amphibians, 26 species of fishes, three species of wild ginger and three of figs are among the 445 species new to science identified in India in 2015. The figure includes 262 animal species and 183 plant species. Some of the notable additions to the list
NASA’s Juno spacecraft swims into Jupiter’s magnetosphere
NASA’s Jupiter-bound Juno spacecraft has entered the planet’s magnetosphere, where the movement of particles in space is controlled by what is going on inside Jupiter. “We’ve just crossed the boundary into Jupiter’s home turf,” said Juno Principal Investigator Scott Bolton of Southwest Research Institute, San Antonio. “We’re closing in fast on the planet itself and already gaining valuable data,” said
Apple patents tech for deactivating cameras at live concerts
Using iPhones to record at live shows might become a thing of the past as Apple won a US patent for a technology that can force your iPhone into disabling video-recording mode at concert venues.The system uses infrared signals to send messages to your phone to tell it to shut down video recording. Apple’s patent illustration showed a phone at a concert with the words “recording disabled” on
RBI permits J.P. Morgan to open 3 more branches
While other lenders are paring down operations, J.P. Morgan seems to be in an expansion mode.The Reserve Bank of India (RBI) has allowed J.P. Morgan Chase to open three more branches in the country, the lender said on Friday which will enable the U.S-based bank provide better services to its clients in India and overseas, according to a top official. “We are very excited with the overall growth
Equitas gets final nod to start small finance bank
Equitas Holdings on Friday said it has received the final approval from Reserve Bank of India (RBI) to start operations as Small Finance Bank (SFB). The new entity will be known as Equitas Small Finance Bank Limited and begin banking operations after receiving few other approvals from various departments of RBI and other agencies, it said. “We hope to start operations in next few months with a
Sri Lanka government consulted us on OMP bill: TNA
The Tamil National Alliance (TNA), a coalition of four Tamil parties, on Friday acknowledged that the Sri Lanka government had consulted the alliance during the preparation of the draft bill on the Office on Missing Persons (OMP), which had been tabled in Parliament. Lauding the government’s “constructive engagement” on the bill, the alliance said in a statement: “We are pleased that several of the extensive
Now isolated, Britain joins France at WWI centenary event
Over 1 million were killed, wounded or went missing in the Battle of the Somme in northern France, pitting British and French troops against German ones from July 1 to November 18, 1916.One week after Britain’s vote to leave the European Union, Prime Minister David Cameron and royal family members will stand side by side with France’s President Francois Hollande to celebrate their historic
Russian Ilyushin IL-76 plane fighting forest fire disappears
Russia’s Ministry for Emergency Situations on Friday said an Ilyushin IL-76 plane disappeared with ten people on board while on a forest fire fighting mission in the far eastern Irkutsk region. “The plane was putting out a fire in the Kachugski district and it is not known where it went missing,” a source from the emergency ministry said. The aircraft last made contact at 2.45 a.m. on Friday and no malfunctions
Politics stretches list of Smart Cities from 100 to 109
Contrary to his long-standing dictum of “jitna aata, utni roti” (only as many chapatis as the quantity of flour or cutting the coat according to the cloth) — Urban Development Minister Venkaiah Naidu is slowly yielding to political compulsions by allowing more cities to participate in the upcoming Smart City Mission competition. As per the Urban Development Policy, only 100 cities are listed to be
After selfie gaffe, Rajasthan women’s panel member quits
Rajasthan Women’s Commission member Somya Gurjar, who posted a selfie with a rape victim, resigned on Thursday following widespread condemnation of her act on social media and in political circles. Women’s Commission chairperson Suman Sharma had also reportedly sought a written explanation from Ms. Gurjar.The selfie, in which Ms. Sharma also appeared, was clicked at the Japiur
Ministry of Home Affairs opposes visa-free entry
Ministry of Home Affairs has informed the Prime Minister’s Office (PMO) that they were against a proposal to allow “visa-free” entry to business visitors and tourists from eighteen key countries, including China.Electronic tourist visa on arrival (eTV), it said, was granted within 48 hours of an application being received in almost 87 per cent of the cases. Normal tourist visas, which were valid
UNICEF report shows results of integrated schools in Rajasthan
The success of the newly-introduced transformative education programme, which has led to the establishment of an integrated school and an elementary one in each village panchayat of Rajasthan, was highlighted in the ‘State of the World’s Children’ report for 2016 released by the United Nations Children’s Fund (UNICEF) here earlier this week. The preliminary results of the schools are
Welfare money for workers unused: SC
The Supreme Court on Friday criticised the government for failing to implement welfare schemes meant for construction workers after squeezing thousands of crores in building cess from hapless property buyers. “Crores meant for the welfare of construction labourers lies unused in banks in various States while their children play in the sand outside building sites with no hope for the future.
President Pranab Mukherjee presents BC Roy National Awards for 2008, 2009 & 2010
President Pranab Mukherjee on Friday presented the Dr BC Roy national awards for 2008, 2009 and 2010 at Rashtrapati Bhavan. These awards were presented on the occasion of National Doctors’ Day observed on July 1 to pay honour and tribute to India’s most famous physician Dr. Bidhan Chandra Roy. The awardees are 2010: Nikhil C. Munshi, O.P. Kalra, Tejinder Singh, Subash Gupta, Amrinder
RIL, SBI ink Subscription and Shareholders’ Agreement for payments bank JV
Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent equity contribution. Background RIL-SBI combine was
Amul to officially sponsor Indian contingent at Rio Olympics 2016
India’s largest food products marketing organization Amul has become the official sponsor of Indian contingent to the 2016 Rio Olympics. In this regard, Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells its product under the brand Amul has inked an agreement with Indian Olympic Association (IOA). Key Facts By sponsoring Indian contingent, Amul seeks to engage with youth and
Union Sports Ministry grants recognition to Paralympic Committee of India
The Union Sports Ministry has granted recognition to Paralympic Committee of India (PCI) after the International Paralympic Committee (IPC) announced temporary lifting of suspension on it. This recognition gives a huge confidence boost to the several para-athletes who have qualified for 2016 Rio Paralympics. The IPC had suspended PCI in April 2015 due to internal conflicts between different
Corporate sector showed positive sales growth: RBI
Pricing power of private corporate sector - measured by operating profit margin - remained flat in the fourth quarter over the third quarter, but sales growth was positive at the aggregate level after contracting for four quarters, according to the Reserve Bank of India (RBI) data. Pricing power improved for services sector (other than IT) and declined marginally for the IT sector in the fourth
CAG seeks auditing of regulators like RBI
In a rare public appearance on Friday, the Comptroller and Auditor General of India (CAG) Shashi Kant Sharma added a new dimension to the ongoing debate on the Reserve Bank of India (RBI) and the banking system in general. Delivering the keynote address at a conference on Financial and Corporate Frauds organised by industry body Assocham in New Delhi, Sharma said there was a need to consider
BRICS Youth Summit begins in Guwahati
A Youth Summit for the BRICS countries has began in Guwahati with the theme ‘Youth as bridge for Intra-BRICS Exchanges‘. The subjects to be covered are skill development and entrepreneurship, social inclusion, youth volunteerism and youth participation in governance. The programme for the summit also includes thematic debates, cultural events, site-visits and interactive sessions with local youth. The
Iceland named world’s safest vacation spot
Iceland has been named as the world’s safest vacation spot. Based on the recently released Global Peace Index (GPI) ranking, the Institute for Economics and Peace charted the world’s safest destinations. Iceland also called the Republic of Iceland, is a Nordic island country situated between the North Atlantic and the Arctic Ocean. The country has a population of 332,529 and covers an area of
SBI to offer banking services on Facebook, Twitter
The country’s largest lender, State Bank of India (SBI), launched three digital initiatives and indicated that it may have to prune its branch network once its associates are merged. SBI made its debut on social media banking by launching its platform called “Mingle” through which its customers can transact using Facebook and Twitter. The customers have to register for this service through a simple
Haryana govt forms committee to review higher, technical edu
The Haryana government has constituted a five-member committee to review the standard of higher and technical education in the state and suggest changes and reforms in acts of various state universities, if required. Education Minister Ram Bilas Sharma today said the Review Committee headed by Brij Kishore Kuthyiala, which also includes Om Prakash Arora as Convener and Yogesh Singh,
