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GOVERNMENT SCHEME-APPROVAL-DECISION -DAILY-NEWS-04-10-2016
Govt committed towards housing for all scheme: President
President Pranab Mukherjee on Monday presided over a function for distribution of keys and ownership certificates for EWS houses at Jiwaji University in Gwalior in Madhya Pradesh. These houses were built under the Integrated Housing & Slum Development Project. Out of a total 1088 houses, keys and ownership certificates, were given to 632 beneficiaries from economically weaker
APPOINTMENT-DAILY-NEWS-04-10-2016
Ashish Vohra appointed CEO of Reliance Nippon Life Insurance
NEW DELHI: Ashish Vohra has been appointed as the head of Reliance Nippon Life Insurance with effect from today. "The Board of Directors of Reliance Nippon Life Insurance (RNLI), a part of Reliance Capital, has announced the appointment of Ashish Vohra as the new CEO of the company," it said in a release. Before this, Vohra spent eight years with Max Life Insurance, serving as Senior
MS Sahoo assumes charge as Chairman of Insolvency and Bankruptcy Board of India
MS Sahoo on 1 October 2016 assumed charge as Chairman of Insolvency and Bankruptcy Board of India (IBBI). The oath of the office was administered by Union Finance and Corporate Affairs Minister Arun Jaitley. He will serve the office will 2021. Sahoo was recently serving as a member of anti-trust regulator Competition Commission of India (CCI) and was earlier a member at capital
Jawhar Sircar resigns as CEO of Prasar Bharati Corporation
Jawhar Sircar on 3 October 2016 resigned as the Chief Executive Officer (CEO) of Prasar Bharati Corporation. His resignation came four months ahead of the end of his tenure which was about to end in February 2017. As per rules of the Prasar Bharati (Broadcasting Corporation of India) Act, 1990, chairman or any other member may resign the office by giving notice thereof in writing to the
BANKING-DAILY-NEWS-04-10-2016
RBI cuts Repo Rate by 0.25 percent to 6.25 percent
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee has decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal
RBI statement at first Monetary Policy Committee meet
In his first Monetary Policy review as a Governor of RBI, Urjit Patel has announced the decision to cut the policy repo rate by 25 basis points from 6.5 per cent to 6.25 per cent. Here are the full text of 'Fourth Bi-monthly Monetary Policy Statement, 2016-17: Resolution of the Monetary Policy Committee (MPC), Reserve Bank of India'" On the basis of an assessment of the current and evolving
RBI gives thumbs up to 18 per cent GST rate
MUMBAI: The implementation of the much awaited Goods and Services tax could produce a short-lived pass-through to the inflation trajectory the Reserve Bank of India has said in its Monetary Policy Report. It also said that a 18% GST rate would not have any material impact on CPI inflation."While the creation of a unified goods and services market in the country would reduce
SBI becomes first domestic bank to open branch in Yangon
The State Bank of India (SBI) on 3 October 2016 became the first domestic bank of India to open a branch in the capital city of Yangon, Myanmar. Ghanshyam Srivastava will be the Chief Executive Officer of the SBI Yangon branch.this was made possible with the permission of the Myanmarese central bank, which allowed SBI to open a branch with the primary objective of extending wholesale
ECONOMICAL-DAILY-NEWS-04-10-2016
more than 3740 MT pulses procured from farmers during ongoing Kharif season
The Government agencies have procured 3740.47 MT pulses as on 2.10.2016 during ongoing Kharif Marketing Season (KMS).The Central Government has directed FCI and NAFED to procure Kharif pulses from the farmers to ensure MSP for their crops. The agencies have set up 417 procurement centres in pulses producing states to ensure their reach to the farm gates for procurement of Moong
India's GDP growth to remain strong: World Bank
Describing South Asia as a global growth hotspot, the World Bank has said India's GDP growth will remain strong at 7.6 per cent in 2016 and 7.7 per cent in 2017. "In India, GDP growth will remain strong at 7.6 per cent in 2016 and 7.7 per cent in 2017, supported by expectations of a rebound in agriculture, civil service pay reforms supporting consumption, increasingly positive contributions
Inflation below RBI's 2017 target, room for rate cut, says HSBC
The inflation is likely to remain below the RBI's early 2017 target of five per cent for the next 12 months, according to the latest HSBC report. According to the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 per cent in January-March 2017. However, the vegetable prices are
Centre, Maharashtra agree on mega refinery in Konkan region
The Centre and the Maharashtra government have arrived at a consensus on the development of a mega refinery and petrochemical complex in the Konkan region. Chief Minister Devendra Fadnavis last week conveyed to Petroleum Minister Dharmendra Pradhan the state government’s desire to join the project. The ministry and the state government have zeroed in on Guhagar, in the coastal district
Govt to spend $7.2 bn on IT in 2016
Driven by the Digital India initiative, the Indian government's spending on information technology (IT) products and services might reach $7.2 billion in 2016, up 2.4 per cent against last year, said a report by Gartner Inc. This is $200 million more than what Gartner had projected in June. The forecast included spending by central and state governments on internal services, software, IT
POLITICAL-DAILY-NEWS-01-10-2016
Colombian voters rejected FARC peace plan in a referendum
Colombian voters in a referendum rejected the peace deal with Revolutionary Armed Forces of Colombia (FARC) rebels. With votes more than 99 per cent of polling stations counted, 50.2 per cent opposed the accord while 49.8 per cent supported it - a difference of less than 63000 votes out of 13 million ballots. The deal was earlier signed by President Juan Manuel Santos and FARC leader
Kersti Kaljulaid elected as first female President of Estonia
Kersti Kaljulaid on 3 October 2016 was elected as the President of Estonia by the parliament. With this, Kaljulaid will become Estonia’s first female president. Kaljulaid won vote 81-0, with 20 members absent or abstaining. Her selection follows two failed votes and weeks of heated debate. Kersti Kaljulaid is the President-elect of Estonia. She is due to take office on 10 October 2016 as the
AWARD AND HONOUR -DAILY-NEWS-04-10-2016
David J. Thouless, F. Duncan Haldane and J. Michael Kosterlitz win the Nobel Physics Prize
STOCKHOLM: British-born scientists David Thouless, Duncan Haldane and Michael Kosterlitz were awarded this year's Nobel Prize in physics on Tuesday for work that "revealed the secrets of exotic matter," the prize committee said. The three "opened the door" to an unknown world where matter takes unusual states or phases, the Royal Swedish Academy of Sciences said. They were for
Elephant researcher Prajna Chowta conferred with knighthood by France
Film-maker and elephant researcher Prajna Chowta (46) has been appointed Chevalier de l’Ordre National du Mérite (Knight in the National Order of Merit) by the French government. She has been conferred with the France’s one of the highest civilian recognitions in recognition of a life devoted to caring for wild Asian elephants. About Prajna Chowta She is the founder of Aane Mane Foundation,
Pandit Hridaynath Mangeshkar, Suhas Joshi get Lifetime Achievement Awards
The programme was organised by Athashri in association with Association of Senior Citizens Organisations Pune (ASCOP).Celebrating the World Senior Citizen’s Day, Athashri Foundation, a non-profit organisation dedicated to the cause of serving senior citizens, felicitated veteran music director Pandit Hridaynath Mangeshkar and actress Suhas Joshi with Lifetime Achievement Award.
The Andhra Pradesh Sarva Siksha Abhiyan (SSA), Department of School Education, honoured four journalists from different media outlets with the ‘Dr. Sarvepalli Radhakrishnan Award 2015 for Best Educational News Feature’ in the city on Monday. HRD Minister Ganta Srinivas gave away the awards and felicitated the awardees V. Yagnanarayana of Eenadu , J. Umamaheswara Rao, Deccan
ET Awards for Corporate Excellence: Kotak Mahindra Bank wins Company of the Year award
MUMBAI: Swimming against the tide is possibly the toughest challenge even for champions, but that’s what Kotak Mahindra Bank did in the last few years when the entire banking system was swept away by the avalanche of bad loans. Purists may struggle to fit Kotak Mahindra into a category – full-service bank, investment bank, non-bank lender, financial super market – but investors have no such
Japanese scientist Yoshinori Ohsumi wins Nobel for studies of cell 'self-eating'
STOCKHOLM: Japanese scientist Yoshinori Ohsumi was awarded this year’s Nobel Prize in medicine on Monday for discoveries on how cells break down and recycle parts of themselves in an internal garbage disposal process. The Karolinska Institute honored Ohsumi for “brilliant experiments” in the 1990s on autophagy, a phenomenon that literally means “self-eating” and
B.S. Prasannan of Mangalam and V.V. Anoop of Janmabhoomi received the first prize in the UNICEF photography competition. Ringuraj Mattanchery of Malayala Manorama and K.B. Jayachandran of Metro Vartha recieved the second prize, and T. G. Sivakumar of Siraj and Rahul
NASA awards US team $750,000 prize for sample-retrieving robot
A team in the US has won a whopping USD 750,000 prize from NASA for designing a robot that can retrieve samples from challenging terrains, and could help the space agency explore surfaces of planets such as Mars in future missions. After an intense robotics competition, the West Virginia University Mountaineers of Morgantown bagged the largest prize awarded in the five-year run of
ENVIRONMENT-DAILY-NEWS-04-10-2016
'Indiana Jones' shark gains protection at Cites meeting
Known for its long whip-like tail, the threatened Thresher shark is among a number of marine species given extra protection at the Cites meeting. Devil rays and Silky sharks have also been given additional safeguards. These shark species have seen huge population falls over the past decades, due to the demands of the shark fin trade. Devil rays are valued for the gill plates which are used in
Historical records may underestimate global sea level rise
This image shows the pattern of sea level change or 'fingerprint' resulting from one millimeter per year of Greenland ice melt derived from NASA GRACE measurements. The black circles show locations of the best historical water level records, which mostly fall in the blue areas that are less than one millimeter per year. As a result, these records underestimate global average sea level rise
DDA to skip environment clause in building bye-laws
Although it has already notified the unified building bye-laws, the Delhi Development Authority (DDA) has informed a bench headed by the National Green Tribunal (NGT) chairperson, justice Swatanter Kumar that it will not implement the environment clearance clauses, till the union environment ministry approves them. “Counsel appearing for the DDA, on instruction from the
Tax fossil fuels or risk kids' future: US climate scientist
MIAMI: The planet's three most dangerous greenhouse gases are rising, and fossil fuels must be taxed to protect children from the costly turmoil of rising seas and extreme storms, world-renowned climate scientist James Hansen warned Tuesday. Otherwise, young people face the "dubious" proposition of somehow sucking carbon dioxide from the air at a price tag of hundreds of trillions of
What are you doing to deal with crop burning: NGT asks states
NEW DELHI: National Green Tribunal, which has fixed fines on farmers for burning crop stubble to prevent smog over Delhi and its neighbourhood, has directed Haryana, Punjab and Uttar Pradesh to inform it about the generation of agriculture waste and steps taken to dispose them off. A bench headed by NGT chairperson Justice Swatanter Kumar asked the three north Indian states to file an
Tax fossil fuels or risk kids' future: US climate scientist
MIAMI: The planet's three most dangerous greenhouse gases are rising, and fossil fuels must be taxed to protect children from the costly turmoil of rising seas and extreme storms, world-renowned climate scientist James Hansen warned Tuesday. Otherwise, young people face the "dubious" proposition of somehow sucking carbon dioxide from the air at a price tag of hundreds of trillions of
BUSINESS-DAILY-NEWS-04-10-2016
Reliance, Dassault Aviation ink deal to set up joint venture
Anil Ambani led Reliance Group and French aerospace giant Dassault Aviation have signed deal to set up a joint venture called Dassault Reliance Aerospace. The Dassault Reliance Aerospace will execute offsets for the recently concluded India-France deal for 36 Rafale fighter jets. It will be the largest offset contract to be executed by any defence company in India. The contract value is
Capillary Technologies buys e-commerce tech firm Sellerworx
Mumbai: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has acquired Sellerworx Online Services Pvt. Ltd for an undisclosed amount in a stock and cash deal to strengthen its product portfolio. “Apart from offline retailers, we are now able to offer products to online sellers and marketplaces through one technology
BOOK IN NEWS--04-10-2016
Modi presented with first copy of new book on Mahatma
Prime Minister Narendra Modi on Sunday was presented with the first copy of a book on Mahatma Gandhi, containing coloured pictures reflecting various phases of his life. In the book titled Mahatma Gandhi’s “Life In Colour”, Gandhian scholars, historians, photo experts and graphic designers joined hands to turn 1,300 black and white photographs into colour images. The book was presented by
Indian author Arundhati Roy announces second novel after 20-year gap
New Delhi: Indian author Arundhati Roy announced on Monday that her second novel will be published in 2017 -- 20 years after she won the Booker Prize for her debut one. Roy, an activist and outspoken government critic, said through her publishers that "The Ministry Of Utmost Happiness" would be released next year. "I am glad to report that the mad souls (even the wicked ones) in `The
FOREIGN TOUR-FOREIGN RELATION- INTERNATIONAL -NEWS-04-10-2016
Pakistan's political parties support Nawaz Sharif govt, condemn ceasefire violations by India
Islamabad: Leaders of Pakistan's political parties on Monday warned that any attempts by India to unilaterally revoke the Indus Waters Treaty will be treated as an "act of aggression" and condemned India's "interference" in Balochistan. In a joint statement, the leaders of the political and parliamentary parties at a special meeting chaired by Prime Minister Nawaz Sharif said they
India-US Science and technology partnership will transcend administration
KOLKATA: Science and technology ties between nations working together is the key to addressing global challenges and these associations transcend administrations, says Sethuraman Panchanathan, the first Indian American to be appointed to the US National Science Board by President Barack Obama. As the arrow points up to India-US collaborations in recent years, science and technology is
Sri Lankan PM to begin his three-day India visit today
Sri Lanka Prime Minister Ranil Wickremesinghe will on Tuesday arrive in New Delhi for a three-day visit to India. During his stay, he will meet Prime Minister Narendra Modi and discuss issues of mutual interest. The visiting dignitary will also call on President Pranab Mukherjee. External Affairs Minister Sushma Swaraj, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan and
STATE -DAILY-NEWS-04-10-2016
Jharkhand becomes first state to launch Direct Benefit Transfer in Kerosene
Jharkhand has become the first state in the country to implement Direct Benefit Transfer (DBT) in Kerosene in four identified districts namely, Chatra, Hazaribagh, Khunti and Jantara from 1st October, 2016. Under the DBTK Scheme, PDS kerosene is being sold at non-subsidised price, and, subsidy, as admissible, is being transferred to consumers directly into their bank accounts. This
SUMMIT-DAILY-NEWS-04-10-2016
Two day conference of States Power Ministers to be held in Vadodara, Gujarat
A two-day conference of Ministers for Power , New & Renewable Energy & Mines of States & Union Territories will be held on 7th& 8thof October in Vadodara, Gujarat. The Conference will be inaugurated by Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines. The aim of this two-day conference is to review the implementation of various
SURVEY AND REPORT-NEWS-04-10-2016
10 countries host half world's refugees: Amnesty International
LONDON: Ten countries accounting for 2.5 per cent of world GDP are hosting more than half the world's refugees, Amnesty International said today as it slammed what it called the selfishness of wealthy nations. In a report on the plight faced by the world's 21 million refugees, the London-based human rights body lamented that countries immediately neighbouring crisis zones bear the brunt of
8% economic growth not before 2018-19: Fitch
NEW DELHI: Fitch Ratings today projected Indian economy to grow at a slower pace of 7.4 per cent in the current fiscal and touch 8 per cent growth only in 2018-19, as it expects the benefits of reforms and impact of monetary easing to kick in with a lag. The US-based rating agency projected Reserve Bank of India (RBI) lowering interest rates by 0.25 per cent before end of 2016, followed by another
India trumps Pakistan in female literacy, infant mortality: World Bank report
Fresh statistics released by the World Bank this week show that India has an edge over Pakistan in adult female literacy and life expectancy, however, it also mentions that both the hostile neighbours face the herculean task of eradicating poverty. According to Dawn, the World Bank report titled "Poverty and Shared Prosperity" has put Pakistan among the countries where incomes of the poorest
Delhi tops most polluted megacity list, says WHO
Delhi's air is the worst among world megacities, the World Health Organization (WHO) confirmed recently, even as IndiaSpend's #breathe network of air-quality sensors reported fine-particulate-matter (PM2.5) levels were almost four times above daily safe levels, on average, for the seven-day period from September 22 to 28, 2016. For long-term exposure, these 24-hour levels are nearly 11 times
PASSES AWAY-DAILY-NEWS-04-10-2016
Yusuf Arakkal: Raja Ravi Varma Puraskaram winning artist passes away at 70
Noted artist Yusuf Arakkal passed away on Tuesday, 4 October. He was 70. The Kerala-born, Bengaluru-based artist was an alum of the Karnataka Chitrakala Parishad and also received training from Jaya Varma (the grand nephew of Raja Ravi Varma). His last exhibition ('Faces of Creativity') comprised a series of 135 portraits of personalities from the world of contemporary art that Arakkal
COMMITTEE-DAILY-NEWS-04-10-2016
First monetary policy committee meeting begins; RBI may opt for status quo on rate
Mumbai: As the newly-constituted Monetary Policy Committee (MPC) started its first meeting today to fix the benchmark interest rate, experts said RBI may opt for status quo and wait for further easing of inflation. The 6-member panel headed by RBI Governor Urjit Patel began its two-day deliberations to consider various factors like inflation, credit offtake and the need to propel growth, foreign trade
BCCI’s dilemma: IPL, Champions Trophy 2017 or Lodha Committee reforms
Falling in line with the Lodha Committee recommendations might prevent India’s participation in the ICC Champions Trophy, informed president Anurag Thakur in an informal interaction here on Monday. The Champions Trophy will be played in England from June 1 to 18 next year and a reporter asked the BCCI president about the possibility of India facing Pakistan in the knockouts.
BCCI threatens to call off NZ series, Lodha clarifies
he cricket body has accounts for daily business with Yes Bank and Maharashtra Bank. With the Board of Control for Cricket in India (BCCI) threatening to call off the ongoing series between India and New Zealand, the Justice R M Lodha-led committee on Tuesday clarified that they didn’t direct banks to freeze the accounts of the Board and it carry on with its routine expenses. Fuming at the
AGREEMENT-DAILY-NEWS-04-10-2016
India-Singapore sign key MoUs on skill development
Defence and security cooperation is a key pillar of India and Singapore's strategic partnership, says PM Narendra Modi; Both Prime Ministers condemn terrorism at the joint press conference; Key MoU's signed in several fields including skill development and industrial commerce. Prime Minister Narendra Modi and the visiting Singapore Prime Minister Lee Hsien Loong on Tuesday held a
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