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GOVERNMENT SCHEME-APPROVAL-DECISION -DAILY-NEWS-01-10-2016
Govt approves Rs 1,660 crore highway projects across 8 states
NEW DELHI: Government today approved Rs 1,660 crore worth of highway projects in eight states including Uttar Pradesh, Maharashtra and Assam. "The standing finance committee (SFC) today cleared eight projects worth Rs 1,659.96 crore for 454 km length for eight states," a road transport and highways ministry official said. Of the 8 projects 5 will be undertaken on the engineering,
PM Narendra Modi inaugurates India Sanitation conference in New Delhi
Prime Minister Narendra Modi inaugurated India Sanitation conference (INDOSAN) in New Delhi ahead of second anniversary of Swachh Bharat Mission. PM Modi in his inaugural speech highlighted need of behavioural change to achieve the dream of Swachch Bharat and also need to ensure a dirt free India like Mahatma Gandhi’s Satyagraha which was instrumental for the end of
Sports Sector Gets the Infrastructure Status
The Union Finance Ministry has decided that sports infrastructure will be included under the harmonised master list of infrastructure sub-sectors. Earlier, the Ministry of Youth Affairs & Sports Affairs had moved the proposal for inclusion of sports in the list to address the issue of deficit of sports infrastructure in the country. Key Facts It will include sports stadia and infrastructure for
Railways sets 33% sub-quota for women in catering units
The Indian Railways introduced a sub-quota of 33 per cent for women in allotment of each of the reserved catering units and also launched a new ‘Train at a Glance’ and time table effective from October 1. Railway Minister Suresh Prabhu said: “The introduction of new policy providing sub-quota of 33 per cent to women in catering units is a step towards women empowerment and their
LEGAL-COURT BILL-ACT-DAILY-NEWS-01-10-2016
Entry tax on online orders illegal, rules Patna high court
NEW DELHI: In a major reprieve for e-trailers, the Patna High Court has held that levy of entry tax on online purchases is illegal and unconstitutional. It has quashed the notification issued by Bihar government in a first of its kind order on the issue. The high court said no tax can be levied on entry of goods into local areas if they are purchased on e-commerce portals for personal use or
SCIENCE AND TECHNOLOGY-HEALTH-DAILY-NEWS-01-10-2016
Quantum computers a step closer to reality
Physicists have brought quantum computers - which could solve problems too complex for today's most advanced machines - a step closer to reality by successfully stopping light in a new experiment.Lead researcher Jesse Everett from Australian National University (ANU) said controlling the movement of light was critical to developing future quantum computers. "Optical
APPOINTMENT-DAILY-NEWS-01-10-2016
Harvard hires Narvekar as endowment manager
Harvard has brought in a new manager from Columbia University to run its $36-billion endowment, the largest of any university. N P Narvekar, 54, was appointed president and CEO of Harvard Management Company, the university stated on Thursday. He succeeds Stephen Blyth, who resigned in July, citing health reasons, after 18 months on the job. The announcement came a week after the
Arundhati Bhattacharya gets a year's extension as SBI chief
Arundhati Bhattacharya, who took over as Chairperson and Managing Director of the State Bank of India, and was due to retire in early October, has been granted a year's extension. Bhattacharya, who took over as the first woman to head the country's largest bank and an India-based Fortune 500 company on October 7, 2013, had joined the bank in September 1977, as a probationary officer at age
BANKING-DAILY-NEWS-01-10-2016
Kotak Mahindra Bank acquires BSS Microfinance
Kotak Mahindra Bank, the country’s fourth largest private sector lender, has acquired BSS Microfinance in an all-cash deal for Rs 139.2 crore. The bank said with this, it has entered the microfinance space that has been growing at a rapid pace. This acquisition will allow Kotak to tap the lower end of the customer base and will also help the bank in meeting the priority sector lending
ECONOMICAL-DAILY-NEWS-01-10-2016
GST Council okays draft rules, agrees to refund mechanism for central and state tax holidays
NEW DELHI: The Goods and Services Tax (GST) Council approved draft rules for the proposed levy and agreed to a refund mechanism for central and state tax holidays that will continue under the new regime, marking further progress toward rolling out India’s biggest indirect tax reform by April 1next year. The GST Council will now meet for three days next month (October 18-20) to settle the
Fiscal deficit at 76.4% of BE in first five months of FY17
The Centre's fiscal deficit in the first five months touched 76.4 per cent of the Budget estimates for 2016-17, nearly 10 percentage points higher than 66.5 per cent in the corresponding period of the previous financial year. An encouraging factor was that the government's capital expenditure rose in August (year-on-year) but cumulatively it was still down due to a contraction in the first four
Income Declaration Scheme: Rs 65,000 cr and counting
The Capital’s tallest building, the 28-storey Civic Centre near the New Delhi Railway Station, is hardly a hub of action on a weekend night. But September 30 was not like any other Friday evening. It was the last day of the government’s Income Declaration Scheme (IDS). And hours before the midnight deadline, top officials in Mumbai and New Delhi confirmed that the response was
Sebi grants exemption to Centre to raise stake in IOB
The Securities and Exchange Board of India (Sebi) has granted exemption to Indian Overseas Bank (IOB) from a regulation under the Takeover Regulations, in order to issue 55,57,14,797 equity shares through preferential allotment to the Government of India to raise around Rs 1,551 crore. The proposed fund infusion is expected to increase the shareholding of Government of India in IOB with
State lags behind national average in rice production
BHUBANESWAR: Between 2012 and '15, Odisha won national awards for excellence in foodgrain productions. But when it comes to producing rice, it has fallen behind the national average despite the area under paddy cultivation being more than other states. Over the last decade the all-India average of rice production stands at more than 2,000 kg/hectare (kg/ha). In the same period Odisha has
Maharashtra to sign agreement to join UDAY scheme
Maharashtra, the home state of Union Power Minister Piyush Goyal, has finally taken a decision to join the Ujjwal Discom Assurance Yojana (UDAY). The BJP led government in the state was initially prepared to join UDAY for operational benefits only and was not keen to include financial benefits. However, the state run Maharashtra State Electricity Distribution Company (MahaVitaran) has sent a
Core sector growth up 3.2% in August
Growth in the eight core sectors rose by 3.2 % in August mainly due to key sectors like steel and fertilizers, which showed the highest growth. The output growth for July was revised down to 3% from 3.2% announced earlier, the data showed. Cement production grew 3.1% year-on-year in August, faster than a 1.4% rise in the previous month, while fertiliser output grew 5.7% compared
POLITICAL-DAILY-NEWS-01-10-2016
As the Manipur Legislative Assembly election 2017 going to be held in the early 2017, a new Regional political party called MEEYAMGI THOUGALLOI MANIPUR (MTM) has been formed and launched formally today at the complex of Directorate of Information and Public Relations (DIPR). Speaking to the media persons, Chungkham Joyraj, Convernor of the adhoc Committee of
Chhotepur unveils flag of his new political outfit ‘Apna Punjab Party’
A day after formally quitting Aam Aadmi Party (AAP), Sucha Singh Chhotepur on Saturday unveiled the flag of his new political outfit, Apna Punjab Party at Chandigarh Press Club. Former AAP Punjab convener, Chhotepur was sacked last month following a ‘cash sting’.In his resignation letter, addressed to national convener and Delhi chief minister Arvind Kejriwal, he had said despite his hard
AWARD AND HONOUR -DAILY-NEWS-01-10-2016
Naidu to honour Swacch Bharat film contest winners on Oct 2
Over 4,000 entries have been received by the National Film Development Council (NFDC) for the 'Swachh Bharat' short film festival and top 10 filmakers will get cash awards. The jury has selected 20 short films out of a total 4,346 entries, and of these 10 will get awards, an official statement said.The 'Swachh Bharat' short film festival was organised by the National Film Development
Veteran director-writer Sai Paranjpye, known for helming popular films like ‘Sparsh’ and ’Chashme Buddoor’, will be honoured with Indian Excellence in Cinema Award at the upcoming 18th Jio MAMI Mumbai International Film Festival. The 78-year-old Padma Bhushan awardee will be recognised for her valuable contribution to Indian cinema. She was awarded the Padma Bhushan
SPORT-DAILY-NEWS-01-10-2016
Railways retain national athletics title
LUCKNOW: Defending champions Railways retained their overall title in the 56th National Open athletics championship on Friday. They finished with 274 points. Services, who won the men's championship, finished second with 187 points, while ONGC claimed the third spot with 84 points.With hot and humid conditions making it difficult for the track athletes, it was finally left to
Petra Kvitova beats Dominika Cibulkova to win Wuhan Open title
Petra Kvitova produced another sensational performance to beat Slovak 10th seed Dominika Cibulkova and win the Wuhan Open in China. The Czech, seeded 14th, won 6-1 6-1 in 63 minutes to claim her second Wuhan title and her first of the 2016 season. Kvitova had beaten world number one Angelique Kerber, Britain's Johanna Konta and fourth seed Simona Halep on her way to the final.
Sania Mirza-Barbora Strycova lose in Wuhan Open final
Sania Mirza and her Czech partner Barbora Strycova suffered a straight-set loss against Bethanie Mattek-Sands and Lucie Safarova in the summit clash of the WTA Wuhan Open, in Wuhan on Saturday. The third seeds lost 1-6 4-6 to the fifth seeded US-Czech pair of Mattek-Sands and Safarova in the finals of the USD 2,589,000 tournament that lasted a little over an hour. Mattek-Sands
Eden Gardens is the world’s 2nd largest cricket ground
Kolkata’s Eden Gardens, which is currently hosting India’s 250th home Test, is the second-largest cricket ground by capacity. The ground, with a capacity of 66,000, is only behind Australia’s Melbourne Cricket Ground which can seat almost 90,000 people. However, prior to Eden Gardens’ renovation in 2011, it was the largest cricket ground, with a capacity of around 1,20,000. The ground
ENVIRONMENT-DAILY-NEWS-01-10-2016
Sharks: Feared predator in need of protection
JOHANNESBURG: Sharks may elicit less sympathy than elephants or rhinos, but experts say the feared predators are under increasing pressure from unmanaged commercial fishing and desperately in need of further protection. Unregulated fishing and international trade in shark products for human consumption have led to a precipitous drop in numbers. An estimated 100 million sharks are killed
Giant dinosaur footprint discovered in Mongolia desert
TOKYO: One of the biggest dinosaur footprints ever recorded has been unearthed in the Gobi Desert, researchers said on Friday, offering a fresh clue about the giant creatures that roamed the earth millions of years ago. A joint Mongolian-Japanese expedition found the giant print, which measures 106 centimetres (42 inches) long and 77 centimetres wide. One of several footprints discovered in the
BUSINESS-DAILY-NEWS-01-10-2016
Airbus Group to merge with planemaking unit
Airbus Group said on Friday it would merge with its planemaking unit, strip out bureaucracy and simplify its brand, marking a break with its complex corporate roots as it prepares for tougher expected competition. Europe's largest aerospace group will be renamed "Airbus" after its core planemaking brand under the shake-up, the latest piece of corporate tinkering since it emerged from a
FOREIGN TOUR-FOREIGN RELATION- INTERNATIONAL -NEWS-01-10-2016
EU ministers approve ratification of Paris climate Agreement
The European Union (EU) ministers have approved the ratification of Paris Agreement (on Climate Change). This decision brings the Paris Agreement closer to entering into force. Once approved by the European Parliament, the EU deposit its ratification instrument before national ratification processes which are completed in each member state. As of now, only 5 EU nations have ratified the
OPEC agrees on modest oil production curbs
The Organisation of Petroleum Exporting Countries (OPEC) reached an agreement to cut oil production for the first time since 2008 after an informal meeting in Algiers, Algeria. It was decided that OPEC would reduce output to a range of 32.5 to 33.0 million barrels per day (bpd) from its current output at 33.24 million bpd. However, how much each country will or reduce its output will
Thailand to introduce disabled-friendly tourism routes
The Thai government plans to create eight routes through the country that will be completely accessible to visitors with disabilities. Thailand’s Minister for Tourism and Sports, as she launched the initiative , at the United Nations’ World Tourism Day conference in Bangkok. The routes will cover each of Thailand’s eight major regions and will be designed for anyone who finds travel and
Lupin gets US FDA nod for generic Alzheimer’s drug
US health regulator to market its memantine hydrochloride extended-release capsules, used in treating Alzheimer’s disease. The company has received final approval for the product in strengths of 7 mg, 14 mg, 21 mg, and 28 mg from the US Food and Drug Administration (USFDA). The Mumbai-based company’s product is a generic version of Allergan’s Namenda XR capsules which
STATE -DAILY-NEWS-01-10-2016
Tamil Nadu tops list of endemic flowering plants: BSI
According to the recent publication released by the Botanical Survey of India (BSI), Tamil Nadu accounts for the highest number flowering plants in the country. The publication titled Endemic Vascular Plants of India also revealed that almost one of every four species of flowering plants found in India are endemic to the country. Key Facts Of the total 18,259 flowering plants reported in the
Arunachal Pradesh CM flags off all-women Mt Gorichen Expedition
Arunachal Pradesh Chief Minister Pema Khandu on 29 September 2016 flagged off the all-women Mount Gorichen Expedition from his office premises in Itanagar. This will be the first all women team attempting to summit Mount Gorichen the second highest peak of Arunachal Pradesh. Its altitude is 6488 meter (21286ft) high above sea level. It belongs to the Himalaya Mountain Group
SUMMIT-DAILY-NEWS-01-10-2016
Pakistan announces postponement of 19th SAARC Summit in Islamabad
Pakistan has postponed the 19th South Asian Association for Regional Cooperation (SAARC) Summit after India and four other countries announced to boycott the Summit. The summit was schedule to be held on November 9th and 10th, 2016 in Islamabad, capital city of Pakistan. Besides, it was also announced that new set of dates for holding the summit at Islamabad will be announced
DEFENCE -DAILY-NEWS-01-10-2016
HM reviews national security, suggests 'high alert'
Home Minister Rajnath Singh reviews security situation in the aftermath of surgical strikes across the Line of Control; high security alert sounded in all states bordering Pakistan; security further tightened in vital security installations across the country. Home Minister Rajnath Singh on Friday reviewed the security situation in the country, particularly along the border with Pakistan in the wake of the
PASSES AWAY-DAILY-NEWS-01-10-2016
Spiritual leader Indirabetiji passes away
Vaishnavacharya Goswami Indirabetiji, a proponent of Sanatan Dharma known for her devotion to social causes, passed away here after suffering a heart attack. She was 78. Indirabetiji, lovingly known as Jiji, was a proponent of Hinduism and Pushtimarg–a path of devotion that practises unconditional, selfless love for Lord Krishna without seeking anything in return. She had suffered a
Socialist leader Yuvraj Singh passes away
Veteran socialist leader and former MP Yuvraj Singh today passed away at his residence in Katihar this morning after prolonged illness. He was 103. Singh breathed his last at his residence in Katihar town around 3.45 AM, family sources said. He is survived by a son and two daughters. Singh represented Katihar in Lok Sabha twice in 1977 from Biju Lok Dal and in 1989 on Janata Dal ticket.
Eminent psychiatrist Ashok Pai dies at 69
SHIVAMOGGA: Noted psychiatrist, chairman of the state's mental health task force and award-winning film producer, Dr KA Ashok Pai, died of a massive heart attack in Scotland in the early hours of Friday. The 69-year-old was at an international conference with his wife Dr Rajani Pai. According to his family, Pai, who landed in Scotland three days ago, had a heart problem on
COMMITTEE-DAILY-NEWS-01-10-2016
VCA becomes first BCCI member to adopt Lodha panel recommendations
The Vidarbha Cricket Association (VCA) became the first full member of the BCCI to adopt the MoA and Rules and Regulations as recommended by the Supreme Court appointed Justice Lodha Committee. At a special General Meeting of the VCA on Friday at Nagpur, 730 members attended the meeting and 727 voted for the change. A press release from the VCA said: “The SGM was was
AGREEMENT-DAILY-NEWS-01-10-2016
UK signs Hinkley Point nuclear deal with France, China
The UK signed the £18 billion (around ₹1.5 lakh crore) Hinkley Point C nuclear deal with France and China. The reactor is Britain’s first in decades and is being built by French utility firm EDF with one-third financial backing from China. The deal had been delayed over concerns over the involvement of Chinese state-owned companies.The no-frills event for the project in Hinkley,
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