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SUMMIT-DAILY-NEWS-17-08-2016-AND-18-08-2016
First National Conference of Investigating Agencies concludes in New Delhi
The first National Conference of Investigating Agencies was held from August 12 to 13, 2016 at Vigyan Bhawan in New Delhi. The two-day conference was inaugurated by the Union Home Minister Rajnath Singh. The conference was attended by more than 100 delegates from States/UTs/Central Police Organisations. Key Facts The conference was organized by the Bureau of Police Research and
First SAARC Youth Parliamentarians Conference begins in Islamabad
The first South Asian Association for Regional Cooperation (SAARC) Youth Parliamentarians Conference on `Peace and Harmony for Development’ was held in Islamabad, Pakistan. The two-day (from August 16 to 18, 2016) intends to offer young Parliamentarians’ narrative as a prelude to the 19th SAARC Summit to be hosted by Pakistan in November 2016. Key Facts 8 parliamentary delegates from 8 SAARC member
All India cotton conference to be held at Coimbatore from August 19
KOCHI: Indian Cotton Federation (ICF) is organising the third all India biennial conference on cotton jointly with Indian Cotton Association Ltd (ICAL), Bathinda on two days from August 19 at Coimbatore. The main theme of the conference is Indian cotton scenario in 2016-17 along with global cotton outlook as a back drop. Around 400 delegates from all over India will participate and discuss on the real situation of cotton
GOVERNMENT SCHEME-DAILY-NEWS-17-08-2016-AND-18-08-2016
Government begins review of 'Make in India' targets
NEW DELHI: Twenty months after the launch of the Makein-India campaign, the government has begun assessing the impact of the PM Narendra Modi's flagship programme and is looking to even tweak some of the elements. "We have suggested to ministries that the programme can be reviewed and new elements brought in where there are good recommendations from the industry," industrial policy and promotion
Centre plans livestock insurance scheme on the lines of PM's Fasal Bima Yojana
After the crop insurance scheme that promises record low premiums for farmers, the central government is planning to come out with a similar scheme for livestock in which farmers’ share of premium would also be in the range of 1-2 per cent per annum. Officials said the matter was discussed at a high-level meeting which was also attended by representatives from insurance companies. The new insurance scheme for livestock
Union Government allows Online Authentication using Aadhaar for new mobile connections
The Union Government has allowed online authentication using Aadhar for new mobile connections. In this regard Department of Telecom (DoT) has issued guidelines for Aadhaar Electronic-Know Your Customer (e-KYC). Key Facts The e-KYC seeks to make the online process of application and authentication faster and simpler for subscribers. Customer through their Aadhaar number and biometrics will online authorise
ICHR plans to create encyclopedia of village-level folklore across the country
The Indian Council of Historical Research (ICHR) is planning to document stories and legends relating to villages and towns across India into an encyclopedia. This initiative is aimed at to connect people better with the oral and folk traditions. It would be among the key initiatives to be under taken by ICHR. Other initiatives to be undertaken includes study of the princely States of modern India, studies to fill the gaps
The Union Power Ministry has launched ‘e-Trans’ & ‘DEEP’ e-bidding web portals for electronic bidding and e-reverse auction of tariff-based electricity transmission projects. They were launched by Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines Piyush Goyal in New Delhi. Key Facts These portals have been developed by Rural Electrification Corporation Transmission Projects
Tendulkar adopts village in Osmanabad under Sansad Adarsh Gram Yojna
MUMBAI: Cricket icon and Rajya Sabha MP Sachin Tendulkar has selected Donja village in Osmanabad district for development under the Sansad Adarsh Gram Yojna. "We are happy that Tendulkar has picked Donja. We are sure this will inspire other villages in the region to emulate this model of development," Osmanabad Zilla Parishad CEO Anand Rayate said. Sansad Adarsh Gram Yojana, launched in October
Union Government launched Smart Ganga City Scheme in 10 cities
Union Minister for Water Resources, River Development and Ganga Rejuvenation Uma Bharti and Union Urban Development Minister M Venkaiah Naidu on 13 August 2016 launched Smart Ganga City Scheme. The scheme was launched in 10 ten important cities through video conference. These cities are –
Suresh Prabhu announces 4 new categories of trains under PM Modi’s vision
With the aim to provide convenience to passengers union Railway Minister Suresh Prabhu on Wednesday announced four new categories of trains. Of these four categories, one for unreserved passengers and three for reserved ones, which will be operational in the next couple of months. The reason behind starting new train for unreserved passengers is to ensure that those belonging to the 'Antodya class' (very poor people)
LEGAL-COURT BILL-ACT-DAILY-NEWS-17-08-2016-AND-18-08-2016
Constitution bench to decide whether Supreme Court comes under RTI Act
NEW DELHI: A constitution bench will examine whether the Supreme Court comes within the ambit of Right to Information Act, making it obligatory for the Chief Justice of India to make information pertaining to appointment of judges and his correspondence with the government public under the transparency law. After injecting transparency and accountability in various institutions over the years, the SC on Wednesday
Assam Assembly passes Assam Amusements and Betting Tax (Amendment) Bill, 2016
This bill will reduce the service charge of cinema tickets with an aim to boost to the local film industry. The government, however, raised the entertainment tax on cinema tickets by up to ten percentile points. The government proposed to make service charge 8 rupees per ticket for the halls without air conditioning system and 12 rupees for the halls with air conditioning system with back-up generator.
SCIENCE AND TECHNOLOGY-DAILY-NEWS-17-08-2016-AND-18-08-2016
Tiny Satellites: The latest innovation hedge funds are using to get a leg up
A company called Planet Labs Inc. has launched a small constellation of what it calls "cubesats" that can deliver much more frequent imagery of economically sensitive spots than traditional satellites. Those spots include retailers' parking lots, oil-storage tanks or farmland. The company, founded by three former NASA scientists, has now signed an agreement to supply data to Orbital Insight Inc., which mines satellite imagery
China launches 'hack-proof' communications satellite
China on Tuesday launched the world's first quantum satellite, which will help it establish "hack-proof" communications between space and the ground, state media said, the latest advance in an ambitious space programme. The programmme is a priority as President Xi Jinping has urged China to establish itself as a space power, and apart from its civilian ambitions, it has tested anti-satellite missiles. The Quantum
BARC develops portable kit for detection of Chromium contamination of water
The Bhabha Atomic Research Centre (BARC) has developed a kit for onsite determination of toxic Hexavalent Chromium Cr(VI) in drinking water. The detection kit is simple, user friendly, quick and cost effective kit for onsite determination of Cr(VI) in drinking water. It meets Indian standard IS10500 for drinking water as well as US Environmental Protection Agency (EPA) criterion. Key Facts The detection kit
Astronomers discovers closest Earth-like planet
Astronomers have found a rocky and possibly Earth-like planet circling the star closest to the sun. the European Southern Observatory’s (ESO) La Silla Observatory in Chile had spotted evidence of a rocky, potentially habitable world orbiting Proxima Centauri, a small, dim star that lies just 4.25 light-years from the sun. Proxima Centauri is a red dwarf, a star much smaller and cooler than the sun. About three-quarters of
India’s first Nuclear Suppliers’ Insurance Policy unveiled by INIP
The India Nuclear Insurance Pool (INIP) on 12 August 2016 unveiled India’s first Nuclear Suppliers’ Insurance Policy. New India Assurance Company Limited and INIP will issue the policy and administer the claims on behalf of the pool. The INIP has become the 27th such insurance pool in the world as countries such as France, Russia, South Africa and the U.S. have put in place such similar risk transfer mechanisms.
NASA selects six companies to develop prototypes and concepts for Deep Space Habitats
The National Aeronautics and Space Administration (NASA) on 10 August 2016 selected six U.S. Companies to develop ground prototypes and concepts for deep space habitats. This will help in advancing the Journey to Mars. NASA and industry partners will expand commercial development of space in low-Earth orbit. In addition, they will also work towards improving deep space exploration capabilities to support
APPOINTMENT-DAILY-NEWS-17-08-2016-AND-18-08-2016
Najma Heptullah appointed as Governor of Manipur
Former Union Minister Najma Heptullah was on 17 August 2016 appointed as the Governor of Manipur. With this, Heptullah will be the 18th Governor of the state. Before her appointment, V Shamuganathan, the Governor of Meghalaya, was looking after the state of Manipur since September 2015. Heptullah had resigned from the Union Ministry on 12 July 12 2016 as she completed 75 years of age.
Manjula Chellur appointed as Chief Justice of Bombay High Court
Manjula Chellur was on 12 August 2016 appointed as Chief Justice of the Bombay High Court with effect from 24 August 2016. Presently, she is the Chief Justice of the Calcutta High Court. She succeeds DH Waghela, who retired as Chief Justice of the Bombay High Court on 10 August 2016. Waghela held the post for a brief six months. Chellur will be only second woman Chief Justice of the Bombay High Court after
BANKING-DAILY-NEWS-17-08-2016-AND-18-08-2016
SBI approves merger with associate banks; 8 things you should know
NEW DELHI: State bank of India, the country's largest lender, on Thursday approved the merger of its operations with five of its associate banks. Post approval, State Bank of Travancore, State Bank of Mysore, State Bank of Bikaner and Jaipur and Mahila Bank will stand merged with SBI. Earlier in June, the government gave the go-ahead to the merge SBI with its five associate lenders and Bharatiya Mahila Bank.
Now, No Extra Charges For Payments Through Credit, Debit Cards
New Delhi: In order to promote cashless economy, the government has said it will bear the transaction cost for all payments made to it through debit or credit cards and net banking. At present, customers bear the transaction cost commonly known as merchant discount rate (MDR) on payments made to the government."Government departments shall take appropriate steps to bear MDR cost like other merchants.
Times Internet partners HDFC Bank to launch co-branded Debit Card
Times Internet, the digital arm of the Times of India Group, and private sector lender HDFC Bank entered into a partnership to launch co-branded debit cards. This is the second co-branded card launched by Times Internet with HDFC Bank, after launching a (co-branded) credit card targeted at the entertainment segment in 2013.The Times Points HDFC Bank Debit Card will offer customers the best deals in the online space as
UBI launched USSD based *99# Mobile Application for basic banking needs
The Union Bank of India (UBI) on 12 August 2016 launched an Unstructured Supplementary Service Data (USSD) based *99# Mobile Application for their customers for basic banking needs. It was launched in partnership with National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country. It can be downloaded in an android smartphone from the Google Play
ECONOMICAL-DAILY-NEWS-17-08-2016-AND-18-08-2016
India Inc's Apr-June M&A deal tally at $7 bn: EY
NEW DELHI: Corporate India's merger and acquisitions deal tally for April-June 2016 stood at $7 billion, up 14 per cent from the corresponding quarter a year ago, largely driven by big ticket transactions, an EY report says. According to EY's recent Transactions Quarterly report, there were 190 deals with a total disclosed deal value of $7.0 billion in the second quarter of this year, while transactions worth $6.1 billion
Gold Import Plunges Over 52% In April-July
New Delhi: Gold imports more than halved to $4.97 billion in the first four months of the current fiscal year, which is expected to keep a lid on the current account deficit. The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the 52.5 per cent decline. Gold imports stood at $10.47 billion in April-July of 2015. In bound shipments contracted for the sixth consecutive month
Raghuram Rajan Calls For Revamp Of Bank Regulators
Mumbai: The Reserve Bank of India governor Raghuram Rajan called on Monday for a new structure to oversee state-owned lenders, saying too many regulators had overlapping jurisdictions. Dr Rajan listed a number of institutions that oversee banks, including parliament, the recently created Banks Board Bureau to improve governance at state-owned lenders and the RBI. He added that the government and the central
Wholesale Inflation Doubles In July, Surges To Nearly 2-Year High
Wholesale inflation accelerated at a faster-than-expected pace in July, surging to 23-month high of 3.55 per cent on higher food prices. Wholesale food prices last month rose 11.82 per cent year-on-year, compared with a 8.18 per cent gain in June. Among individual food items, potato prices surged 59 per cent, vegetables 28 per cent, pulses 36 per cent and sugar 32 per cent. In June, wholesale inflation had risen 1.62 per cent.
Rigorous Imprisonment Of Up To 7 Years For Benami Transactions
New Delhi: People keeping 'benami' properties to evade taxes will get up to seven years rigorous imprisonment and fine, as per a new law aimed at checking black money in real estate sector. President Pranab Mukherjee has recently given assent to the Benami Transactions (Prohibition) Amendment Act, 2016 and it has been notified by the government, officials said on Tuesday. The law has strict provisions to
Indirect Tax Collection Rises 30% In June Quarter
Mumbai: The tax department is hopeful of meeting the revenue collection target for financial year 2016-17, a top official said on Tuesday. Indirect tax collection rose about 30.8 per cent during April-June to Rs 1,99,970 crore, as against Rs 1,52,740 crore in the corresponding period a year ago. The collection up to June indicates that 25.7 per cent of the annual budget target of indirect taxes has been achieved in the first
Finance Ministry Rejects Road Ministry's 'Green Fund' Initiative
New Delhi: The Ministry of Finance has rejected the ambitious 'green fund' proposal from the Road Transport and Highways Ministry that seeks to set aside 1 per cent of project cost to provide green canopy along highways. The ministry previously estimated that setting up such a green fund will entail an expenditure of Rs 5,000 crore. "Social forestry stands allocated to the Ministry of Environment, Forests & Climate
POLITICAL-DAILY-NEWS-17-08-2016-AND-18-08-2016
South Korea holds largest artillery drills near North Korea border
SEOUL: South Korea's army says it has conducted its largest-ever artillery drills near the tense border with North Korea. The army says 300 artillery systems deployed by dozens of military units along the border began firing shells at the same time on Thursday afternoon. It says North Korea's military hasn't shown any signs of unusual activities in response. The army says the drills marked what South Korea describes as an
China, ASEAN countries agree to form South China Sea framework
China and ten member countries of Association of Southeast Asian Nations (ASEAN) have agreed to form a framework for a code of conduct to ease tension in disputed South China Sea. The agreement was reached between both sides during a meeting at Inner Mongolia in northern China held on August 15 and 16, 2016. Key Facts The two sides also agreed to get the framework for the code of conduct done by mid-
Pakistan invites India for talks on Kashmir
Pakistan on Monday invited India for talks on Kashmir, saying it is the “international obligation” of both the countries to resolve the issue, notwithstanding India’s insistence that it would talk on “contemporary and relevant” issues in Indo-Pak relations. Foreign office spokesman Nafees Zakaria said in a statement that Indian High Commissioner Gautam Bambawale was called to hand over a letter of invitation for talks. “The
DMK members evicted from Tamil Nadu assembly, suspended for a week
CHENNAI: There was bedlam in the Tamil Nadu assembly on Wednesday with Speaker P Dhanapal+ ordering marshals to evict more than 80 DMK MLAs present in the House and also later suspending them for a week.The House was adjourned without the customary replies by state housing and information technology ministers after the demands were moved in the assembly. Leader of the house and finance
Prime Minister Narendra Modi, along with party president Amit Shah today laid the foundation stone of a new Bharatiya Janata Party (BJP) office on Deen Dayal Upadhyay Marg. Addressing the workers here, PM Modi said that the ‘sacrifice of generation of party workers inspires us to work’ and his government is committed to the formula of ‘sabka saath sabka vikas’. “Sacrifice of generations of karyakartas (workers)
Hong Kong politicians seek independence from China in 2047
HONG KONG: The run-up to the Sept. 4 election for Legislative Council is getting tense, and the governments of both Hong Kong and Beijing are watching with keen interest. For the first time, a crop of fresh-faced candidates who cut their political teeth during the pro-democracy Umbrella Movement in 2014 are hoping to bring to the lawmaking body their battle to emancipate Hong Kong from Beijing's increasingly
AWARD AND HONOUR -DAILY-NEWS-17-08-2016-AND-18-08-2016
Jalgaon girl bags top honours at IIT-Bombay
Nashik: Sukanya Vijaysingh Patil from Jalgaon bagged two gold medals and a silver medal for her outstanding achievements in Indian Institute of Technology (IIT), Bombay, at the convocation ceremony on Saturday. Sukanya, who comes from a farming background, bagged the Institutional gold medal for outstanding performance by IIT-Bombay along with Sharad Maloo Memorial Gold Medal for scoring good
A R Rahman honoured with Tamil Ratna Award
Noted music composer A.R. Rahman on 15 August 2016 was honoured with the Tamil Ratna Award. The award was presented by New York based Tamil Sangam. Rahman was bestowed with the honour after his concert at the United Nations General Assembly (UNGA) chamber. Rahman was invited at the UNGA to perform a concert to honour M.S. Subbulakshi, the doyen of Carnatic music. The concert was sponsored by
CLRI scientist P Shanmugam awarded with APJ Abdul Kalam award
Central Leather Research Institute's (CLRI) Principal Scientist P Shanmugam on 15 August 2016 bagged the APJ Abdul Kalam Award for his meritorious services in the Higher Education Department of Tamil Nadu. The award consists of a certificate, 5 lakh rupees cheque and a 8 gram gold medal. The state government also bestowed the Kalpana Chawla Award for Courage and Daring Enterprise to Jayanthi from
SPORT-DAILY-NEWS-17-08-2016-AND-18-08-2016
Rio 2016: Sakshi Malik, the female wrestler who got India's first medal
Female wrestler Sakshi Malik has delivered India its first medal of the 2016 Rio Games, sending a nation into ecstasy. But her journey to the Olympic podium has not been easy. After a gritty performance at the 58kg women's wrestling category she won bronze, becoming the first Indian female wrestler and the fourth Indian woman to win an Olympic medal. "I never thought I would become the first woman wrestler from
Usain Bolt wins gold in men's 100 meters in Rio Olympics
Usain Bolt on 14 August 2016 clinched gold in the 100-metre final in Rio de Janeiro, Brazil. With this win, Bolt became the first man to win the event three times at consecutive Olympic Games. Bolt won the race in 9.81 seconds, followed by USA’s Justin Gatlin at 9.89 seconds and Canada’s Andre De Grasse at a personal-best 9.91 seconds. De Grasse is also the first Canadian male athlete to win a medal in Rio.
Anita Wlodarczyk breaks world record to win gold in Hammer Throw
Poland’s Anita Wlodarczyk on 15 August 2016 broke her own women’s hammer world record to win the gold medal at the Rio Olympics. Wlodarczyk’s winning mark was 82.29m. China’s Wenxiu Zhang won the silver medal with a mark of 76.75m. Sophie Hitchon of Great Britain earned the bronze medal. Anita Wlodarczyk is a Polish hammer thrower.
Andy Murray of Great Britain won gold in Rio 2016 Olympic Games
Andy Murray of Great Britain on 14 August 2016 won the gold medal in men’s singles tennis category in Rio 2016 Olympic Games. To win the title, he defeated Argentina's Juan Martin Del Potro 7-5 4-6 6-2 7-5 in the final match held at the Olympic Tennis Centre in Rio de Janeiro, Brazil. With the win, he retained the medal and became the first player to win two men's singles tennis gold medals in Olympics. For him, it was
Italy’s Elia Viviani wins gold in Men's Omnium at Rio Olympics
Italy’s Elia Viviani on 15 August 2016 won gold in the men's omnium cycling track at the Rio Olympics.On the other hand, Great Britain’s Mark Cavendish won the silver and Lasse Norman Hansen of Denmark took the bronze. Born on 7 February 1989, Elia Viviani is an Italian racing cyclist. He rides for Team Sky. On 10 May 2015, he grabbed his first Grand Tour stage victory at the Giro d'Italia, winning stage 2 in a bunch
Ruth Jebet wins gold in 3000m steeplechase at Rio Olympics
Bahrain’s Ruth Jebet on 15 August 2016 clinched gold in women’s 3000 metres steeplechase. It is Bahrain’s first ever Olympic gold medal. Jebet won the race in the second-quickest time in history. She clocked a time of eight minutes 59.75 seconds, narrowly outside of Russian Gulnara Samitova-Galkina's world record of 08:58.16. Kenya’s Hyvin Kiyeng Jepkemoi grabbed the silver in the event. American Emma Coburn won
Purav Raja and Divij Sharan win Los Cabos Open Men’s Doubles title
India's tennis doubles pair of Purav Raja and Divij Sharan on 16 August 2016 clinched the Abierto Mexicano Los Cabos title in Mexico. The duo defated Israel's Jonathan Erlich and England's Ken Skupski by a score of 7-6(4), 7-6(3). Individually, Raja was appearing in his third career ATP World Tour final, while Sharan was contesting his second. They earn 250 Emirates ATP Doubles Rankings points and split
Simone Biles wins gold in Floor Exercise event at Rio Olympics
Simone Biles of USA on 16 August 2016 won gold in the Floor Exercise event at Rio Olympics. The 19-year-old gymnast performed a tumbling routine on the floor, scoring an incredibly high score of 15.966. With this, Biles has captured her fourth gold in the Olympics. She has also become one of five women to win four medals at a single Olympics in gymnastics. American Alexandra Raisman won silver with 15.500 Great
ENVIRONMENT-DAILY-NEWS-17-08-2016-AND-18-08-2016
India’s first bio-CNG plant inaugurated in Pune
India’s first bio-CNG plant was on 13 August 2016 inaugurated in Pune, Maharashtra. The plant was jointly inaugurated by Union Minister of Transport Nitin Gadkari and Union Defence Minister Manohar Parrikar. It was commissioned by the city-based Primove Engineering Private Limited. It will use agricultural residue to generate compressed natural gas (CNG) that can be used in automobiles as fuel.
BUSINESS-DAILY-NEWS-17-08-2016-AND-18-08-2016
Piramal to acquire Ash Stevens Inc for USD 53 mn
Piramal Enterprises is set to acquire US-based contract development and manufacturing firm Ash Stevens Inc for up to $52.95 million (over Rs 350 crore). The firm’s “wholly-owned US subsidiary has entered into an agreement to acquire 100 per cent stake in Ash Stevens Inc in all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain
Minda forms JV with Chinese firm for auto components
Auto component maker Spark Minda group flagship firm, Minda Corporation Ltd has formed a joint venture with China’s Shandong Beiqi Hai Hua Automobile Parts Co (SBHAP). The 50:50 joint venture, to be known as Minda China Plastic Solutions Ltd, is being formed between Minda KTSN, a 100 per cent subsidiary of Minda Corp and the Chinese partner, the company . “This joint venture shall initially focus on
BHEL bags Rs 169 crore order for solar photovoltaic power plant
State-owned power equipment maker BHEL said it has secured an order to set up solar photovoltaic (SPV) plants, estimated to cost Rs 169 crore. The EPC order has been placed by West Bengal State Electricity Distribution Corporation Ltd (WBSEDCL). Three SPV plants of 10 MW each are to be set up at Mejia (Bankura), Santaldih (Purulia) and Chharrah (Purulia) in West Bengal. Earlier this year, BHEL had
L&T bags contract to convert Nagpur into integrated smart city
Larsen & Toubro has been identified as Implementation Partner to convert Nagpur, the Orange City, into the country’s first large-scale integrated Smart City as per a Letter of Intent that was handed over in the auspicious presence of the Hon’ble Chief Minister of Maharashtra, Devendra Fadnavis, to representatives of the company at a function in Mumbai . The scope of work in Phase 1 for L&T’s Smart World
Unilever Plc acquires Swedish firm Blueair
Unilever, the parent company of Hindustan Unilever (HUL), on 16 August 2016 acquired Swedish firm Blueair for an undisclosed sum. Blueair is a leading player in mobile air purification technology. With this deal, Unilever will make its foray in air purification, a move that will complement its existing water purification business. However, Blueair will continue to operate under its existing brand name in all its markets in
Hindustan Copper Limited inaugurated nickel production facility in Ghatsila
Hindustan Copper Limited (HCL) on 10 August 2016 inaugurated the Nickel, Copper and Acid Recovery Plant of Hindustan Copper Limited at Indian Copper Complex, Ghatsila in Jharkhand. This is the first facility in India to produce Nickel metal of LME grade from primary resource. This project will utilize an eco-friendly technology and will check pollution by eliminating the use of lead. It will have reduced liquid effluent,
STATE -DAILY-NEWS-17-08-2016-AND-18-08-2016
Telangana plans India's first women entrepreneurs' industrial park near Hyderabad
The Telangana State Industrial Infrastructure Corporation (TSIIC) and Hyderabad chapter of Ficci Ladies Organisation (FLO) have announced on Wednesday to set up a Women Entrepreneur's Industrial Park over 50 acres of land near international airport in Hyderabad. Touted to be the first-of-its-kind in the country, the park will house women-owned and women-run businesses. "India can increase its 2025 targeted GDP from
Tobacco Board fixes higher crop size for Andhra Pradesh
The Tobacco Board has increased the crop size for Andhra Pradesh to 130 million kgs for the fiscal 2016-17 as against 120 million kgs for 2015-16. The hike was on account of increasing insistence from industry players through the Indian Tobacco Association and farmer groups as the decline in crop area was becoming uneconomical for them. "The Board after detailed discussions taking into consideration the gloomy situation
Bihar becomes 2nd state to ratify Constitutional amendment bill on GST
The Bihar State Legislature has unanimously ratified the The Constitution (122nd Amendment) (GST) Bill, 2014 for introduction of Goods and Services Tax (GST) regime in the country. The Bill was moved by the State Commercial Taxes Minister Bijendra Prasad Yadav which was unanimously adopted by both of the houses (Bihar has bicameral legislature). With passage of the bill by the state legislature, Bihar becomes the
Bihar CM Nitish Kumar announces a slew of schemes on Independence Day
Bihar Chief Minister Nitish Kumar announced a slew of development projects and schemed regarding the “seven resolves” adopted by his government for the next five years and said that rule of law prevailed in the state. In his speech on 70th Independence Day, Kumar announced the launch of Student Credit Card scheme from October 2. The scheme promises R. 4 lakh interest free loan to students for pursuing higher
Mahila Police Diwas CM: Haryana to recruit 1,000 women constables, 100 sub-inspectors
Highlighting that more than 25,000 complaints of crime against women were received in all women police stations set up in 21 districts of the state since last year, Haryana Chief Minister Manohar Lal said the numbers speak for the faith that people have in women police officers in the state. The chief minister addressed a gathering of police personnel at Indradhanush Auditorium to mark Haryana’s first Mahila Police
SURVEY AND REPORT-NEWS-17-08-2016-AND-18-08-2016
Ease Of Doing Business: State Rankings To Be Released Next Month
New Delhi: The Commerce and Industry Ministry will next month release ranking of states based on improvement in creating an investor-friendly environment. For this year's ease of doing business ranking, the Department of Industrial Policy and Promotion (DIPP) will consider reforms uploaded by states till August 30. "Next month, we will release the rankings. States are giving tough competition to each other for
India's Growth Recovery On Track, Reforms Hold Key: DBS
New Delhi: Strong consumption and public investments have kept India's growth recovery on track this year, and it is now crucial that the government's reform process sustains to keep the momentum going, says a DBS report. According to the report, the present recovery is not accompanied by the current account and fiscal excesses or strong core inflationary impulses, unlike previous instances of high growth. "Growth recovery is
Most CFOs Optimistic About Country's Economy: Survey
New Delhi: Majority of chief financial officers working at companies in India are optimistic about the country's mid term as well as long term economic prospects, says a survey. The survey by consulting major Deloitte found that strong economic performance amid global challenges, ongoing reforms, fiscal discipline and astute monetary policy have contributed in shaping the positive outlook. Around 90 per cent of the
Headline Inflation To Remain Up This Fiscal Year: Kotak Institutional Equities
New Delhi: Headline inflation is expected to continue its rally through the rest of this fiscal year, and while Wholesale Price Index (WPI) is likely to average 3.9 per cent, Consumer Price Index (CPI) will average close to five per cent in 2016-17, says a report. According to the report by Kotak Institutional Equities, with favourable monsoons, there is likely to be a correction in food prices though headline inflation will continue to
India Needs To Ensure Financial Stability, Inclusion Balance: Report
Basel/New Delhi: India needs to do additional work for having a comprehensive macroprudential policy framework with "clearer boundaries" for various authorities including RBI, while ensuring a balance between financial stability and inclusion, global body FSB said today. While observing that "important steps" have been taken in recent years to develop the country's macroprudential policy framework, FSB said the
Fifth Tranche Of Gold Bonds Likely To Be Issued Next Month: Report
New Delhi: Seeking to contain demand for physical gold, the government is likely to issue a fifth tranche of the sovereign gold bond (SGB) scheme next month. "We are working on some changes with a view to making it more attractive. The next tranche should be issued in September," a senior Finance Ministry official said. In the previous tranche, the government made some changes to make it more attractive and its positive
Moody's Retains India GDP Forecast, Ups China's Estimates
New Delhi: Moody's Investors Service on Thursday retained India's growth forecast at 7.5 per cent for 2016 but revised upwards estimates for China to 6.6 per cent citing strong fiscal and monetary support.In its latest assessment of the global economy, Moody's Investors Service said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as
PASSES AWAY-DAILY-NEWS-17-08-2016-AND-18-08-2016
India's beloved tiger Machli dies
NEW DELHI: India's most famous tiger, photographed by thousands of tourists over the years at a popular northern wildlife park, died on Thursday, days after the ageing animal stopped eating. Machli had been the star attraction of Ranthambore National Park for years because of her seemingly calm nature and penchant for posing for cameras, and she even had her own Facebook page. But Machli, the longest-surviving tigress
Former minister S.P. Sarguna Pandian passed away
Former Tamil Nadu social welfare minister and DMK deputy general secretary S P Sarguna Pandian passed away in the early hours of Saturday. She was 75. Sarguna Pandian was elected from R K Nagar constituency twice — in 1989 and 1996 — and was the social welfare minister between 1996 and 2001 when DMK president M Karunanidhi was the chief minister. ”She had not been keeping well, and her end
Love Story director Arthur Hiller dies at 92
Versatile and prolific Canadian film director Arthur Hiller, whose sentimental Love Story starring Ali MacGraw and Ryan O’Neal was the biggest hit of 1970 and stands as one of the most popular romantic movies ever made, died on Wednesday at the age of 92, the Academy of Motion Pictures Arts and Sciences said. Hiller, whose work also included successful collaborations with playwrights Neil Simon and Paddy
Spiritual guru Pramukh Swami Maharaj passes away
Pramukh Swami Maharaj, head of Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS) of Swaminarayan sect, passed away on 13 August 2016 at Sarangpur, Gujarat. He was 95. Pramukh Swami Maharaj was an Indian spiritual guru. BAPS regards him as the fifth spiritual successor of Swaminarayan, following Gunatitanand Swami, Bhagatji Maharaj, Shastriji Maharaj and Yogiji Maharaj.
Renowned Punjabi writer Gurdial Singh passes away
Prominent Punjabi writer and Jnanpith awardee Gurdial Singh passed away on 16 August 2016 in Bathinda, Punjab. He was 83. Singh was known as a Spartan who has taken it all in his stride in the literary world. Gurdial Singh started his literary career in 1957 with a short-story titled Bhaganwale, which was published in Panj Darya magazine. He became known as a novelist when he published the novel Marhi Da Deeva in
Prominent Malayalam script writer TA Rasaq passes away
Prominent Malayalam script writer TA Rasaq passed away on 15 August 2016 in Kochi following a brief illness. He was 58. He had worked for more than thirty films in Malayalam beginning from 1991. He was born in Thurakkal near Kondotty town in Malappuram in April 1958. He started his career with the film Vishnulokam directed by noted filmmaker Kamal in 1991.
Former FIFA President Joao Havelange passes away
Joao Havelange, former President of Federation Internationale de Football Association (FIFA), passed away on 16 August 2016 in Rio de Janeiro, Brazil. He was 100. Havelange’s tenure as President was the second longest in FIFA's history, behind only that of Jules Rimet. Born on 8 May 1916, Joao Havelange was a Brazilian lawyer, businessman and athlete.
MISCELLANEOUS-DAILY-NEWS-17-08-2016-AND-18-08-2016
Airlander 10: World’s largest aircraft embarks maiden flight
The world’s largest (longest) aircraft the Airlander 10 has embarked its maiden flight at an airfield in Cardington in central England. It is a hybrid airship made by Hybrid Air Vehicles in United Kingdom. Its successful flight comes 85 years after another airship the ill-fated R101 took off in October 1930 from the same airfield before crashing in France. Features of Airlander 10 Airlander 10 is hybrid ship i.e. it is a partly
COMMITTEE-DAILY-NEWS-17-08-2016-AND-18-08-2016
Parliament Committee Files Report On Chennai Floods
CHENNAI: The parliamentary standing committee that examined torrential rains in Chennai last December which caused massive flooding and loss of property, has found that "encroachment of lakes and river beds and faulty town planning are major causes for the havoc." It committee observed "the drainage system got choked in Chennai and the city was flooded badly in the aftermath of the torrential rain". The 31 member
Sri Sri's Art of Living event completely destroyed Yamuna floodplains: Expert committee tells NGT
New Delhi: The 'World Culture Festival' extravaganza organised by Sri Sri Ravi Shankar's Art of Living (AOL) on Yamuna has "completely destroyed" the riverbed, an expert committee has told by the National Green Tribunal. "The committee observes that entire floodplain area used for the main event site i.e. between DND flyover and the Barapulla drain (on the right bank of river Yamuna) has been completely destroyed,
Govt to set up committee for fodder development
Government today said it has decided to set up a national steering committee to address issues related to feed and fodder development in the country. A decision in this regard was taken at a review meeting held by Animal Husbandry Secretary Devendra Choudhry here. "The government has decided to constitute a national steering committee," an official statement said. The issues related to increasing nutritious fodder
Damage to Yamuna floodplains beyond monetary estimation: NGT committee
New Delhi, Aug 17 (IANS) Stating that the Yamuna floodplains had been "completely destroyed" with most areas faced with irreversible damage due to the World Culture Festival of Art of Living (AOL) in Delhi in March, the expert committee appointed by the National Green Tribunal (NGT) says it will take much time to quantify the damage. "The damage caused by AOL to the biodiversity is irreversible. It's beyond monetary
Centre to set up 'Anomaly Committee' for implementation of 7th pay commission
The centre on Wednesday announced setting up of an 'Anomaly Committee' to settle issues arising out of the implementation of the Seventh Pay Commission's recommendations from August 1. This announcement came following concerns by unions of employees over the delay in setting up the high level committee, assured by the Group of Ministers to review the minimum wage and multiplication factor as well as anomalies which
Union government Constitutes national Committee on Trade and facilitation
India has initiated the process to set-up a National Committee on Trade Facilitation (NCTF) to domestically coordinate and implement the (WTO) Trade Facilitation Agreement. India is setting up a national panel that will cut red-tape for the export-import industry while also ensuring faster clearances of merchandise, in line with the commitment to the World Trade Organisation (WTO). Through the TFA, member-countries would
Shashi Shekhar Committee on World Culture Festival of AOL submitted report to NGT
The Shashi Shekhar Committee was in news in the third week of August 2016 as the NGT directed Sri Sri Ravi Shankar's Art of Living (AOL) to submit its response within three weeks on the inspection report. The report of the expert committee dealt with the damage caused to the Yamuna flood plains due to the World Culture Festival. The festival was organised by the AOL in March 2016 along the River Yamuna in New
AGREEMENT-DAILY-NEWS-17-08-2016-AND-18-08-2016
Fifth Generation signs pact with Anna University
Fifth Generation Technologies, a multi-national research and innovation company with specialisation in building “real time intelligence” solutions and products to the manufacturing industry, has entered into an agreement with Anna University, Chennai, for conducting research to arrive at a useful prediction of the remaining life of critical equipment that are working in high temperature environments. The company
