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Artificial pancreas may be available by 2018: Scientists
Artificial pancreas - a device which monitors blood glucose in patients with diabetes and automatically adjusts levels of insulin entering the body - is likely to be available by 2018.Currently available technology allows insulin pumps to deliver insulin to people with diabetes after taking readings from glucose meters, but these two components are separate. Researchers said it is the joining together of
India slips to 91st place on readiness for digitised economy
India has slipped two places to 91st position on a global list of countries in terms of their readiness for transition to a digitised economy and society, while Singapore remains on top. Among the major emerging markets, India is ranked the lowest with Russia retaining the top place at 41st rank, followed by China at 59th (up three places), South Africa up 10 places at 65th and Brazil moving up to 72nd
Aditya Birla Fashion acquires Forever 21 in India for $26 million
Aditya Birla Fashion and Retail (ABFRL) acquires global clothing brand Forever 21 in the Indian market for USD 26 million (around Rs 175.52 crore). The company has today executed a business transfer agreement with Diana Retail and DLF Brands for acquisition of the business undertaking of Diana Retail. Under the Forever 21 brand and also through e-commerce channel on a going concern basis, in
Lionel Messi sentenced to 21 months in prison for tax fraud
MADRID: Barcelona's Argentinian soccer star Lionel Messi has been sentenced to 21 months in prison and fined 2 million euros ($2.2 million) after being found guilty of three counts of tax fraud, a court in the Spanish city said on Wednesday. The court handed the same jail sentence to the Argentine soccer player's father, Jorge, and fined him 1.5 million euros. However, in Spain it is customary that those
Singapore snaps up 17 merger and acquisition deals in India
As many as 17 merger and acquisition (M&A) deals with a combined investment of $940 million have been made by Singapore companies with the Indian enterprises in the first half of this year, a global valuation services firm has said. “Almost all of them were transactions where the acquirer is from Singapore and the target from India,” said Duff & Phelps Managing Director Srividya
Maldives foreign minister quits over death penalty
The foreign minister of Maldives said she quits on Tuesday because she opposed the government's use of capital punishment, which the government of the Maldives adopted in May. “It was one of the most difficult decisions I had to take," Foreign Minister Dunya Maumoon said in a statement sent to Reuters.“Yet, the decision became inevitable because of the profound differences of opinion on the
FSDC met for the 15th time today since its formation in December 2010 to deliberate
NEW DELHI: India will not let guards down on preparedness to deal with external sector vulnerabilities including those arising from Brexit, Finance Minister Arun Jaitley and financial sector regulators including RBI Governor Raghuram Rajan reaffirmed today. The Financial Stability Development Council (FSDC) met for the 15th time today since its formation in December 2010 to deliberate on the
Nation remembers Dr. Shyama Prasad Mookherjee on his birth anniversary today
Today is the birth anniversary of great visionary and ideologue Dr. Shyama Prasad Mookerjee. He continued to struggle for the unity and integrity of India till his end. Dr Mookerjee founded Jansangh in 1951. As a founder of Bharatiya Jan Sangh which later became the Bharatiya Janata Party, Shyama Prasad Mukherjee is considered one of the tallest leaders of the Hindutva movement in India. Shyama
Supreme Court admits Maharashtra government's plea against Salman Khan in 2002 hit-and-run case
The Supreme Court today admitted a plea by the Maharashtra government challenging the acquittal of Bollywood actor Salman Khan in a 2002 hit-and-run case, but declined to fast-track the hearing of the matter. A bench of Justice Jagdish Singh Khehar and Justice Arun Mishra admitted the plea by the Maharashtra government after senior counsel Kapil Sibal, appearing for the actor, told the court that
Romesh Chandra, Veteran Communist and Anti-War Campaigner, Passes Away
New Delhi: Romesh Chandra, veteran leader of the Communist Party of India (CPI) and who actively participated in the freedom struggle, spending several years in prison, passed away in Mumbai on Tuesday. He was 97. According to party sources, he breathed his last at around 3 am. Chandra is survived by his son, Firoze. Chandra, who was born in Lyallpur on March 30, 1919, fought for India’s
Madras High Court resurrects Writer Perumal Murugan and his book Madhorubagan
In a landmark Judgment a Division Bench of Madars High Court comprising Chief Justice Sanjay Kishan Kaul and Justice Pushpa Sathyanarayana has dismissed all the Petitions against the Author Perumal Murugan and his book Madhorubagan. Justice Kaul has concluded his 158 Pages Judgment by saying ““Let the author be resurrected to what he is best at. Write.” The Bench has held that there is no
Late scientist Tom Kibble wins award for particle work
Prof Kibble has been awarded The Isaac Newton Medal by the Institute of Physics for his outstanding lifelong commitment to the field. He is noted for his work in the development of theories about the Higgs boson. Many believe Prof Kibble should have been awarded a Nobel Prize for his work. Prof Kibble, who was 83 when he passed way last month, was admired as much for his kindness and
Impose Rs 5,000 fine for littering track: NGT to Railways
NEW DELHI: The National Green Tribunal on Monday directed the Railways to "strictly" impose fine of Rs 5,000 on those throwing waste on rail tracks and act against them effectively. "There are jhuggies and even permanent buildings adjacent to the railway tracks. Why do you permit them to throw dirt on the tracks? Why can't you stop even (people from) a single building to throw waste on
Oscar Pistorius sentenced to six years in jail for murder of girlfriend Reeva Steenkamp
PRETORIA: South African Paralympic gold medallist Oscar Pistorius was sent to prison for six years on Wednesday for the 2013 murder of his girlfriend, Reeva Steenkamp, the latest twist in a trial that has gripped the world. The state and large sections of the South African public had called for him to receive no less than the prescribed minimum 15-year sentence for murder, saying Pistorius had shown
India's June oilmeal exports down by 48%
New Delhi, Jul 6 () Oilmeal exports fell by 48 per cent to 88,514 tonnes last month due to tight local supply of oilseeds and continuous price disparity in the global market, industry body SEA said today. The country had shipped 1,69,699 tonnes of oilmeal, used as an animal feed, in June last year. Even during the April-June quarter of current fiscal, the overall export of oilmeals declined by 61 per cent to
Govt To Incentivize Software Startups In India
In a bid to encourage new startups in the country, the government has taken an initiative to offer fiscal incentives to software start-ups. The aim behind the move is to bring in and sustain 10,000 new start-ups, which are expected to create 3.5 million jobs, directly or indirectly. According to the report published in an online portal, nc42.com, the government has finalized a ‘National Policy on Software
India's Supreme Court tells Google, Yahoo and Microsoft to stop hosting sex selection ads
India's Supreme Court has reprimanded Google, Microsoft and Yahoo for displaying advertisements related to pre-natal sex selection tests on their search engines, in violation of the country's laws. Prenatal gender testing and sex selective abortion is banned in India due to a skewed child sex ratio, but around 500,000 female foetuses continue to be aborted in the country every year according to
SC notice to Centre on plea on anti-diarrhoea vaccine
New Delhi, Jul 5 (PTI) The Supreme Court today sought responses from the Centre and the Christian Medical College at Vellore on a PIL seeking complete centre-wise results of the clinical trial of anti-diarrhoea vaccine Rotavac. Rotavirus vaccine, Rotavac, claims that it protects children from viruses, which are the leading cause of severe diarrhoea among them. Besides the medical college, a bench of
SC-appointed panel asks for 20-22% green cess on diesel vehicles in NCR
New Delhi: The Environment Pollution (Prevention and Control) Authority (EPCA) for the National Capital Region (NCR) has recommended a green cess of 20-22% on diesel vehicles. In a report submitted to the Supreme Court (SC) on Monday, EPCA recommended a cess of 20% on the cost of vehicles with engines that are smaller than 1,500cc in size, and 22% on those over 1,500cc. If the
US Criticises PM Modi On Pace Of Reforms, Questions GDP Data
The Narendra Modi government has been "slow" to match its rhetoric in economic reforms, the US State Department said in a report yesterday. Many of the reforms proposed by the government have struggled to pass through parliament, the report noted, adding that this has resulted in many investors retreating slightly from their once forward-leaning support of the BJP-led government. According to
3 Australian cricketers sanctioned over gambling
Melbourne: Three Australian cricketers have been sanctioned over gambling-related breaches of Cricket Australia's anti-corruption code. CA said Wednesday that female players Hayley Jensen and Corinne Hall, both with state and domestic Twenty20 contracts, and men's Futures League competitor Joel Logan were charged for "placing, accepting, laying or entering into any bet in relation to the result,
Nasser Hussain earns Guinness World Record
Mumbai: Former England skipper Nasser Hussain broke the Guinness World Record for taking the highest catch of all-time recently. The cricketer – who retired in 2004 – held on to the ball dropped from an aerial drone, at least 100 feet above. It was during a challenge thrown by Sky Sports at the iconic Lord’s stadium, which is all set to host the first Test between England and Pakistan next
Online pharmacy 1mg acquires lab aggregator Medd
Online healthcare start-up 1mg Technologies Pvt. Ltd has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint. The company did not disclose the value of the transaction. It has also roped in Ankur Gigras, a former marketing head for gastroenterology at healthcare firm Abbott India Ltd, to oversee the diagnostics
Union Cabinet Approves Interest Subvention Scheme for farmers for year 2016-17
The Union Cabinet has approved the Interest Subvention Scheme for farmers for the year 2016-17. For this purpose Union Government has earmarked a sum of 18,276 Crore Rupees. The scheme will help farmers getting short term crop loan payable within one year up to 3 lakhs Rupees at only 4% per annum. Interest subvention for providing short term crop loan to farmers has been provided to Public
Union Cabinet approves import of pulses through long-term contract with Mozambique
The Union Cabinet has approved a long-term contract with Mozambique for import of pulses by signing a Memorandum of Understanding (MoU). The MoU aims to promote the production of Tur (Pigeon Peas) and other pulses in Mozambique by encouraging progressive increase in the trading of these pulses. Key Facts The MoU will augment domestic availability of pulses in India and thereby
Union Cabinet approves National Apprenticeship Promotion Scheme
The Union Cabinet has approved a National Apprenticeship Promotion Scheme (NAPS) for providing apprenticeship training to over 50 lakh youngsters in order to create more jobs. The Scheme has an outlay of 10,000 crore rupees and a target of training 50 lakh apprentices by 2019-20. Key Feature of Scheme It will be implemented by Director General of Training (DGT) under the aegis of Union
Farmers to get short-term loan at 7 pc interest rate in FY17
Farmers will get short-term crop loans of up to Rs 3 lakh at a lower interest rate of 7 per cent this fiscal with the government approving a 2 per cent interest subvention scheme. Also, farmers who would repay the loan on time will get the credit at more cheaper rate of 4 per cent. The interest subvention scheme is applicable for all farmers availing short-term crop loans up to Rs 3 lakh for one
India’s 4x100m women’s relay team sets new national record
The Indian 4x100m women’s relay team created a new national record at the Kazakhstan National Athletics Championships, clocking 43.42sec in Almaty on Monday. The 4x100m relay quartet, comprising of Dutee Chand, Srabani Nanda, H M Jyothi and Merlin Joseph bettered their earlier national record of 44.03sec, which was created in the IAAF World Challenge in Beijing in May. The Indian
India tops domestic air travel growth in 2015 but trails China, US in size
India is the fastest growing domestic air travel market, but in terms of market size it is still nearly five times smaller than China and nine times smaller than the United States, according to an International Air Transport Association (IATA) report. In 2015, domestic airlines in India flew 81 million passengers, registering a 20% growth over 2014. Growth was driven by low fares and average domestic fares
Cabinet approves redevelopment of 7 govt colonies in Delhi at Rs 32,835 cr; to impact rentals in NCR
Union Cabinet chaired by Prime Minister Narendra Modi on Tuesday has approved redevelopment of seven General Pool Residential Accommodation (GPRA) colonies in New Delhi at total estimated cost of Rs 32,835 crores. The redevelopment will take place in Sarojini Nagar, Netaji Nagar, Nauroji Nagar through National Buildings Construction Corporation Limited (NBCC), while Kasturba Nagar, Thyagraj
Cabinet okays MoU between India, Mauritius on Rural Development, Poverty Alleviation
The Union Cabinet yesterday approved the signing of a Memorandum of Understanding (MoU) between India and Mauritius for cooperation in the field of rural development. The MoU will help to establish a framework for cooperation between the National Development Unit, Prime Minister's Office of Mauritius and the Ministry of Rural Development of India, an official press release said. It said the MoU
Government nod to MoUs with Tanzania on health, Mozambique on anti-trafficking
The Centre today gave nod to the signing of a Memorandum of Understanding (MoU) between India and Tanzania for cooperation in the field of traditional medicines and homeopathy. The Union Cabinet, chaired by Prime Minister Narendra Modi, also gave its approval for signing of an agreement for cooperation between India and Mozambique in combating illicit trafficking in narcotic drugs. “The
Axis Bank gets nod to raise foreign shareholding to 74%
According to guidelines, foreign shareholding in a private bank cannot exceed 74 per cent. This 12 per cent hike of foreign shareholding is likely to bring in investments of Rs 13,000 crore. “With the approval, investment to the tune of Rs 12,973.14 crore will be received, with an estimated creation of 6,000 to 7,000 jobs over the next three years,” said a note by the CCEA. Earlier this year, Axis Bank’s
India to host meet of BRICS anti-narcotics heads
On July 8, 2016 India will host a meeting of the heads of anti-narcotics agencies this week to discuss issues related to narco-terrorism and money laundering among the member-nations. This meet will be held ahead of the eighth annual Summit of BRICS (Brazil-Russia-India-China-South Africa nations scheduled in October 2016. The one-day meeting will be hosted by Narcotics Control Bureau (NCB)
New species of 'ant-mimicking' spider found in Kerala
New species of 'ant-mimicking' spider found in Kerala. a) A new species of spider, which mimics the characteristics of ants, has been discovered in the moist deciduous forest of the Wayanad Wildlife Sanctuary. b) This spider lives along with ants in the corrugated bark of large trees and is difficult to differentiate from ants. c) This spider belongs to Aetius genus of the ant-mimicking spider family
Pattnaik's 100 sand 'Raths' set new world record
Puri, Jul 6 (PTI) Renowned sand artist Sudarsan Pattnaik has set another world record and got place in Limca Book of Records by carving 100 sand chariots at the Puri beach in Odisha. "I have got an official confirmation from Limca Book of Records about it," he said today. Padma Shri awardee Pattnaik already has 20 world records to his credit. He has been making sand art related to Rath Yatra
Full List of PM Narender Modi’s Cabinet 19 Ministers Name & Details
Only a few hours ago news came that the PM Narender Modi reshuffled the ministers in his cabinet. PM Narender Modi inducted 19 new minsters into his cabinet. One of the most shocking but obvious change involved Smriti Irani who moved from Union HRD minister to lower profile textile minister. The Full list of new council of minister is given below.
Shahjahanpur rail accident: SC awards compensation to kin
NEW DELHI: The Supreme Court on Tuesday awarded Rs 1 crore compensation to family members of 20 people who were killed after falling from the roof of speeding train crammed with job aspirants returning from an ITBP recruitment camp in near Shahjahanpur in Uttar Pradesh in 2011. A bench of Chief Justice T S Thakur and Justice U U Lalit said that Railway administration failed to take
Logistic Performance Index 2016 released by World Bank
The Logistics Performance Index 2016 titled ‘Connecting to compete: 2016: Trade Logistics in the Global Economy.’ The 2016 Logistics Performance Index (LPI) allows for comparisons across 160 countries. The 2016 LPI is an interactive bench marking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do
Union Cabinet approves setting up of Major port at Enayam in Tamil Nadu
The Union Cabinet chaired by the Prime Minister Narendra Modi on 5 July 2016 gave in-principle approval for setting up a Major port at Enayam near Colachel in Tamil Nadu. In this regard, a Special Purpose Vehicle (SPV) will be formed for development of Port with initial equity investment from three Major Ports in Tamil Nadu- VO Chidambaranar Port Trust, Chennai Port Trust and Kamarajar Port
Hero MotoCorp inked 3-year wage agreement with Gurgaon workers
country’s largest two-wheeler maker Hero MotoCorp Ltd. (HMCL) has inked a wage settlement pact with its permanent workers at Gurgaon Plant, entailing a hike of 12500 rupees spread over three years.
The three-year agreement will be implemented with retrospective effect starting from 1 August 2015 till 31 July 2018. The previous wage settlement was effective from 1 August 2012 to 31 July 2015. Hero
Fifa appeal committee reduces Jerome Valcke’s ban from 12 to 10 years
Fifa has reduced the ban on two senior officials, including its former secretary general Jerome Valcke, who were barred from football-related activities following a corruption probe, the global governing body said on Tuesday. The Fifa Appeal Committee, chaired by Larry Mussenden, has partially confirmed the decisions taken by the adjudicatory chamber of the ethics committee regarding Valcke,
BCCI Cricket Advisory Committee to be expanded
BCCI’s President Anurag Thakur suggested an expansion of the Cricket Advisory Committee at the recently-concluded BCCI conclave in Dharamshala. The committee, which was recently tasked with selecting the Indian Cricket Team’s new coach could soon undergo a chance, that would see it being expanded into a High Performance Committee, if reports are to believed. If the change does take place,
Proposal allowing 74% foreign stake in Axis Bank cleared by Cabinet Committee on Economic Affairs
Axis Bank on Tuesday got the Centre’s approval to increase its foreign stake to 74%, which will involve an investment of Rs 12,973 crore. The Prime Minister Narendra Modi-led Cabinet Committee on Economic Affairs cleared a proposal that included raising the foreign shareholding restriction from the current 62% at the bank, PTI reported. Currently, private banks are allowed up to 74% foreign
Cabinet approves the High Courts (Alteration of Names) Bill, 2016 for enabling changing the names of High Courts of Bombay and Madras .The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to introduce ‘The High Courts (Alteration of Names) Bill, 2016’ in Parliament. The High Courts (Alteration of Names) Bill, 2016 will facilitate the changing of the names
Joint issue of postage stamp between Department of Posts and Portugal Post
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was apprised of a joint issue of postage stamps between Department of Posts and Portugal Post. India and Portugal enjoy excellent bilateral relationship with each other with frequent and active interaction through different platforms that allow both countries to exchange views on many of common issues of concern. This collaboration
Shri Rajnath Singh releases illustrative book “Ayodhya ke Shoorvir”
The Union Home Minister Shri Rajnath Singh released an illustrative book of Central Reserve Police Force titled “Ayodhya ke Shoorvir” in New Delhi today. The book depicts the saga of valour of CRPF in foiling terrorist attack on Ram Janam Bhumi - Babri Masjid Complex. On July 05, 2005, after exploding outer barricade of the complex, the heavily armed 5 terrorists tried to move towards the inner
