The Government proposes to address the issues of less number
of patents and low research share, of the country, in the world by encouraging
industries to increase technology depth and value addition so as to manufacture
products based on indigenous patents. The Government is already providing
excise duty waiver on goods based on patented technology. Government has also
promoted the setting up of technology
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The National Research Development Corporation (NRDC), signed
a Memorandum of Association (MoA) with Central Council for Research in
Ayurvedic Sciences (CCRAS) on 03.03.2015 for licensing of the technologies
developed at the research council to entrepreneurs /companies for commercial
exploitation. The benefits that are likely to accrue from the MoA are the
following: The Ayurvedic formulations and products
Shri Shashi Kant Sharma, Comptroller & Auditor General of
India, is currently in New York to attend the 70thRegular Session of the United
Nations’ Board of Auditors, held at the UN headquarters, New York. Shri.
Shashi Kant Sharma, along with Auditor Generals of Tanzania, Shri. Mussa Juma
Assad and of the United Kingdom, Shri. Amyas Morse approved and signed 11 UN
Audit reports today, as approved by the
The Automotive Mission Plan [AMP 2026] envisages creation of
65 million jobs. The salient features of the Automotive Mission Plan 2016-26
[AMP 2026] are:- i) The Indian Automotive industry to be a top job creator – 65
million additional jobs. ii) The Indian Automotive industry to be the prime
mover of Manufacturing sector and “Make in India” Programme. iii) The Indian
Automotive industry to aim at
The National Memorial Foundation Stone Laying Ceremony of
former President Dr APJ Abdul Kalam was held at Peikarumbhu, Rameswaram, Tamil
Nadu, today. The Defence Minister Shri Manohar Parrikar and Union Minister for
Urban Development and Information and Broadcasting Shri M Venkaiah Naidu
jointly laid the foundation stone and paid rich tributes to the late President
on his death anniversary. The Ministers
FDI in Brownfield pharma sector has been permitted upto 74%
under automatic route; and FDI beyond 74% and upto 100% is allowed under
Government approval route. The move to permit 74% FDI under automatic route in
Brownfield pharmaceutical sector is aimed at attracting required capital,
international best practices and latest technologies in the sector. Further,
100% FDI under automatic route is permitted for
The Union Cabinet chaired by the Prime Minister Shri Narendra
Modi has approved the amendment in relevant clauses of the Central Agricultural
University Act (CAU), 1992 to include State of Nagaland under the jurisdiction
of CAU, Imphal. After inclusion of State of Nagaland under jurisdiction
of the Central Agricultural University, Imphal, the College of Veterinary
Sciences in Nagaland will produce the much-
The Union Cabinet chaired by the Prime Minister Shri Narendra
Modi has decided to rescind the earlier decision of the Government to set up
the Concurrent Evaluation Office (CEO) for managing Concurrent Evaluation
Network (CENET) in Ministry of Rural Development. The CEO was envisaged to
undertake concurrent evaluation of Rural Development programmes in conjunction
with Independent Evaluation Office
KOLKATA :West Bengal has been selected for the All India
Coordinated Rice Improvement Project Award 2015. This is the first time the
state will be receiving this award. It was selected by the 51st committee from
the Indira Gandhi Krishi Bikash Kendra. Earlier, West Bengal won the Krishi
Kamran Puraskar for three consecutive years. The state has been selected for
the award for its achievement in four
MUMBAI: India is looking to import pulses from Myanmar and
African nations to counter a domestic shortfall of 7.6 million tonnes that has
driven local prices of key pulses like chickpea to a record high, Food Minister
Ram Vilas Paswan said. More purchases by India, the world's top consumer of
pulses, could help the country rein in its headline inflation, which hit a near
two-year high in June on double-digit annual
COLOMBO: India has approved a $318 million loan for Sri Lanka
Railways to upgrade its communications system and rolling stock in the
Tamil-dominated north. Sri Lankan government spokesman and minister Gayantha
Karunathilake said that the money will be used to improve the signal system
from Maho to Anuradhapura in the north central province and from Anuradhapura
to Omanthai in the north. It will also be
DEHRADUN: Uttarakhand Chief Minister Harish Rawat today
expanded his Cabinet, inducting two ministers from Garhwal, seen as an attempt
to assuage leaders from the region, who has often complained of neglect, ahead
of next year's assembly polls. Vikasnagar MLA Nav Prabhat and Badrinath MLA
Rajendra Bhandari were administered the oath of office and secrecy by Governor
Krishna Kant Paul at a simple
KOLKATA: Intex Technologies has appointed cinestar Madhuri
Dixit as brand ambassador for its consumer durable products, including washing
machines and refrigerators. The actor has been signed for a period of two
years, a company release said. "We are confident that her tremendous
connect with the audience will help us in reaching out to our consumers more
effectively," said Keshav Bansal, director, Intex
Union Cabinet on Wednesday approved amendment in Goods and
Services Tax Bill and dropped one percent additional tax on inter-state sales
as proposed in the current Bill. The Bill in its present form provides 100 per
cent compensation to states by the Centre for the first three years, 75 per
cent for fourth year and 50 per cent for the fifth year. The Bill seeks to
replace a string of central and local levies such as excise,
The Lok Sabha has passed the Benami Transactions
(Prohibition) Amendment Bill, 2015 on Wednesday. The Bill seeks to amend the
definition of benami transactions, establishes adjudicating authorities and an
Appellate Tribunal to deal with benami transactions. It also specifies
prosecution and penalty for entering into benami transactions. Earlier in the
day, Union Finance Minister Arun Jaitley initiated debate on Benami
Government to create buffer stock of 20 lakh tonne of pulses
to meet shortfall; Food and Public District Minister Ram Vilas Paswan urged
states to play their role in curbing price rise.Food and Public Distribution
Minister Ram Vilas Paswan has said that prices of all essential commodities
other than pulses are under control. Replying to a short duration discussion in
the Rajya Sabha, Paswan said, government has taken
New Delhi: Government on Wednesday approved the abolition of
existing guidelines for establishing joint venture companies by Defence PSUs to
meet the goal of indigenous manufacturing. The decision was taken at a meeting
of the Union Cabinet chaired by Prime Minister Narendra Modi here. "The
Department of Defence Production came to the conclusion that with the increasing
participation of the private industry in
The Union Cabinet has approved Bilateral Investment Treaty
(BIT) between India and Cambodia to boost trade and business. Decision in this
regard was taken during the Union Cabinet Meeting chaired by Prime Minister
Narendra Modi in New Delhi. Key Facts The Treaty seeks to promote and protect
investments in either country with the objective of increasing bilateral
investment flows. It also seeks to encourage each
The Union Cabinet has given its approval for raising foreign
shareholding limit from current 5% to 15% in Indian Stock Exchanges. The
decision brings the investment limit of foreign entities at par with that of
domestic institutions. This enhanced limit is for a stock exchange, depository,
banking company, insurance company and commodity derivative exchange.
Additionally, the Union Cabinet also gave its approval for
KOLKATA: Bank employees called for a one-day strike on August
29, protesting IDBI Bank privatisation and mergers of State Bank of India and its
associate banks. About 10 lakh bank employees and officers of all public sector
banks, private banks and foreign banks will observe a full day all India bank
strike on Friday, said a press statement issued jointly by bank unions on
Wednesday. The United Forum of Bank
The Union Cabinet on 27 July 2016 approved the Policy for awarding
waterfront and associated land to port dependent industries in major ports
along with its operationalization. The Policy will result in uniformity and
transparency in the procedure for awarding captive facilities. It will enable
optimal utilization of capacities in major ports and increase revenue to the
Major Port Authority.
MUMBAI: State Bank today launched a payment system at its
ATMs which will allow the account holders transfer money using mobile phone number
as identifier. The system works on instant money transfer (IMT) platform. The
facility will enable a payment of up to Rs 10,000 from any SBI bank account and
the recipient of this payment can withdraw funds instantly from an IMT-enabled
ATM without using a debit card, the top
The woman whose ghostly singing was heard in place of the
leading actresses in such classic movie musicals as West Side Story, The King
and I and My Fair Lady, has died. Hollywood voice double Marni Nixon was 86.
Michael Kirsten, senior vice president of Nixon’s talent agency, Harden-Curtis
Associates, said she died Sunday in New York. Nixon had a wide-ranging music
and theater career. But her biggest audiences of the
(28 July is observed as the World Hepatitis Day. Globally 1.4
million people die each year from hepatitis and this day serves as a reminder
to governments and policy makers to know the disease and take action.)
This shocking and staggeringly high statistic comes from the
World Health Organisation. The disease is three times more infectious than HIV
and yet awareness about it is so low that by the time hepatitis is detected,
New Delhi, Jul 27 (PTI) An empowered committee has been
constituted by the Delhi government to review "discrepancies" in the
circle rates in certain areas of the national capital. According to a senior
official, the Revenue Department has sought public suggestions on the review of
circle rates by August 16. The department has decided to review circle rates -
minimum rates below which a property cannot be registered
New Delhi, July 27 (UNI) Congress president Sonia Gandhi has
appointed senior party leader R K Dhawan as the convenor of the Implementation
Committee of Indira Gandhi Centenary Celebrations in place of Ms Sheila
Dikshit. Acording to AICC general secretary Janardhan Dwivedi, ‘’Conrgess
president Sonia Gandhi has appointed Mr R K Dhawan as the convenor of the
implementation committee of the Indira Gandhi
Khoda and Prasad were due to travel to Australia with India A
for the quadrangular series. Gagan Khoda, the Indian selector, will be in line
for an early exit based on the Supreme Court verdict on the recommendations
made by Justice RM Lodha committee. He, along with MSK Prasad from South Zone,
were appointed in October 2015 and would have continued until 2019, based on
previous rules. In what will
The Lok Sabha committee on the 8th day of the monsoon session
of the parliament rejected AAP lawmaker Bhagwant Mann’s appeal to appear before
the committeee with his lawyer. He will appear before the committee by 3pm.
Bhagwant Mann had tendered an apology letter to the Lok Sabha speaker Sumitra
Mahajan on Tuesday for making a video of his journey from home to the
parliament house. He also captured
WASHINGTON: WikiLeaks released files on Wednesday of
what it said were audio recordings pulled from the emails of the Democratic
National Committee that were obtained by hacking its servers. The latest
release, which came in the middle of the Democratic National Convention where
Hillary Clinton was officially named the party's presidential nominee, is the
second batch in a series that has deeply rattled the party and
The legendary offspinner is set to become the first Sri
Lankan player to be inducted into the ICC Hall of Fame. Muttiah Muralitharan
along with Karen Rolton, Arthur Morris and George Lohmann will be inducted into
the ICC Hall of Fame, the cricket governing body announced on Wednesday (July
27). The legendary offspinner is set to become the first Sri Lankan player to
be inducted. Rolton, the former Australia women's
BENGALURU: A Bengaluru-origin associate professor at the University
of Pennsylvania’s School of Engineering and Applied Sciences has received the
Presidential Early Career Award for Scientists and Engineers (PECASE) for his
medical invention. Dr Rahul Mangharam’s device can monitor the functioning of
devices like pacemakers (a small device placed in the chest or abdomen to help
control abnormal heart
The Reserve Bank of India (RBI) has imposed a combined Rs
27-crore penalty on 13 public and private sector banks — including Canara Bank,
IndusInd Bank and RBL Bank — for violating Know Your Customer (KYC) and
anti-money laundering (AML) norms. It asked eight others — including
State Bank of India, ICICI Bank, Axis Bank, Standard Chartered Bank, Federal
Bank and Kotak Mahindra bank — to
The Lok Sabha passed the Lokpal and Lokayukta (Amendment)
Bill, 2016 without discussion. The bill seeks to amend the Lokpal and Lokayukta
Act, 2013 which provides Lokpal (at Centre) and Lokayukta (at States) statutory
backing to inquire into allegations of corruption against certain public
functionaries and for related matters. Key Provisions Enable the leader of the
single largest opposition party in the Lok Sabha in
The Union Cabinet has approved the establishment of a new
AIIMS at Bhatind, Punjab under the Pradhan Mantri Swasthya Suraksha Yojana
(PMSSY). The medical institution will have a hospital with capacity of 750 beds
which will include Emergency Beds, Private Beds, ICU Speciality & Super
Speciality beds and AYUSH beds. Key Facts The new AIIMS at Bhatinda will
provide super specialty health care to the
NEW DELHI — Coinciding with a visit by Pentagon acquisition
chief Frank Kendall, India today awarded Boeing a $1 billion contract for the
purchase of four more P-8I maritime surveillance aircraft to be flown by the
country's navy pilots. The contract for the planes sets deliveries to be
completed within the next three years, according to a senior ministry of
defense official who requested not to be named. Boeing executives
Andhra Pradesh Chief Minister N Chandrababu Naidu, along with
Union Ministers Kalraj Mishra and Venkaiah Naidu laid the foundation of
Ministry of Micro, Small and Medium Enterprises technology centre at Pudi in
Visakhapatnam district. The Centre has decided to locate a world-class
technology centre with an investment of up to Rs. 140 crore. Mr.Naidu was
addressing a gathering after laying the foundation stone for
India will appeal against the verdict of the Hague tribunal
in Antrix-Devas deal case, in which the international court had declared the
annulling of the contract as “unfair” and “inequitable” and asked it to pay
huge amount as compensation. “We will appeal against the verdict at Hague
(tribunal),” said A.S. Kirankumar, Secretary, Department of Space. He, however,
declined to comment any further on the issue. India lost the arbitration
Flipkart-owned Myntra has acquired one of its biggest rivals
Jabong in an all-cash deal for $70 million (Rs. 470 cr approx.) making it the
biggest mergers in Indian e-commerce industry. After this deal, Flipkart now
commands over 50% of India's fashion retail market. Hours after the
acquisition, Flipkart CEO Binny Bansal wrote a letter to his employees
announcing Myntra CEO Ananth Narayanan as the new CEO of Jabong,
The Press Council of India (PCI) has announced National
Awards for Excellence in Journalism 2016. The awards will honour “journalists
in print journalism” across different fields. “To encourage the media to pursue
its duties without fear or favour following the dictum of ‘freedom with
responsibility,’ the Press Council of India, as the only statutory authority
enjoying such mandate, proposes to institute National Awards to honour
BENGALURU: The state government has constituted an expert
committee headed by former Karnataka High Court judge Justice H N Nagamohan Das
to frame guidelines for nomination of people for Kannada Rajyotsava
awards. The government gave this information to the High Court on
Wednesday in response to a petition filed by poet and writer B V Satyanarayana
Rao. Rao has
Mumbai’s Byculla Zoo, known as Veermata Jijabai Bhosale
Udyan, on 26 July 2016 brought in eight Humboldt penguins from Soul, South
Korea. The step has, however, not gone down well with wildlife experts who
termed it as wasteful and unnecessary. The eight Humboldt penguins, three males
and five females, will be open for public view in the next three to four
months. The birds have been kept in a specially
The European Union’s executive on 27 July 2016 appointed
Michel Barnier, former French Financial Services Commissioner, as its Chief
Negotiator for the United Kingdom’s exit from the bloc. Barnier was appointed
under Article 50 of the Treaty on European Union. He will be a prominent figure
in the negotiations over Britain’s exit from the union. In June 2016, Didier
Seeuws, a Belgian diplomat, was
The International Olympic Committee (IOC) on 27 July 2016
announced that it will launch the Olympic Channel. The channel will be launched
on 21 August 2016, at the closing ceremony of the Olympic Games Rio 2016. The
channels original programming will include short-form and long-form content,
focusing on elite athletes, their quest for success and sport around the
world.
Distinguished agricultural scientist Neelamraju Ganga Prasada
(NGP) Rao, fondly referred to as the Father of Hybrid Sorghum, passed away on
27 July 2016 in Hyderabad following a brief illness. He was 89. NGP Rao is
well-known for basic and applied research in breeding and agronomy of several
dryland crops.
About Neelamraju Ganga Prasada Rao
Centre has approved Rs 1601 crore for Jammu and Kashmir under
skill development initiative Himayat to train 1.24 lakh local youths in
vocational courses, Rural Development Minister Abdul Haq Khan said. "Under
the reanimated Himayat programme, 1.24 lakh youths from both the rural and
urban areas of the state would be imparted training in various job-intensive
vocational courses over the next three years," he
The Venezuelan government asked electoral authorities to
declare illegal the opposition coalition seeking to oust President Nicolas
Maduro via a recall vote, accusing them of committing massive fraud. “We have
just asked for the cancellation of the registration of the Democratic Unity
Roundtable, for being involved in the worst vote fraud in the country’s
history,” said Jorge Rodriguez, Maduro’s designated aide to monitor the
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