POLITY-DAILY-NEWS-02-08-2016
About two months ahead of her 75th birthday, Anandiben
Patel has offered to step down as Gujarat’s first woman chief minister. In a
social media post, she asked the Bharatiya Janata Party (BJP) leadership to
relieve her of the top responsibility in the state. Citing examples of party
members who have stepped down after attaining the age of 75, Anandiben Patel
said she was following the same. “Since sometime, senior party
ECONOMICAL-DAILY-NEWS-02-08-2016
The government decided to increase retail prices of
subsidised cooking gas and kerosene on a monthly basis.
In a policy change that has been slipped in quietly, the
price of kerosene sold through the public distribution system and domestic LPG
cylinders would be increased every month. Kerosene price has been raised by 25
paise from August 1 and that of LPG by Rs 1.93 a cylinder, to narrow losses
from selling below market
NEW DELHI: Government today said it has approved 89
proposals for foreign investment in single brand retail trading (SBRT) and one
in the multi-brand sector up to March. "The government has approved 89
proposals for foreign investment in single-brand retail trading and one for
foreign investment in the multi-brand retail trading sector up to March
2016," Commerce and Industry Minister Nirmala Sitharaman said in
NEW DELHI: It is not just Iran's Chabahar port and
connectivity to Eurasia that has caught attention of the Modi government. India
plans to set up a SEZ in Sittwe in Myanmar where it has already built a port.
The proposed SEZ by India will rival Chinese SEZ located 80 km down of
strategically-located Sittwe as Delhi plans to make it as an economic hub. The
aim of the SEZ is to help expand India's footprints in South East
New Delhi: Brexit is likely to impact global growth and
capital flows, which will have implications on India's currency, trade and
current account, says a survey of fixed-income investors in the country. The
survey by India Ratings and Research (Ind-Ra) also said that majority of
investors expect the bad loan stress in the banking system to end. However, 26
per cent (investors) believe it would end only in FY 2018-19 and 22
BANKING-DAILY-NEWS-02-08-2016
In what could be Raghuram Rajan’s last banking reform
before he bows out in the first week of September, the Reserve Bank of India
(RBI) on Monday released the final guidelines for on-tap licensing of universal
banks in the private sector, under which it ring-fenced the banking system from
large industrial houses, excluding them from floating banks in the future. But
conglomerates have been allowed to hold up to 10 per
APPOINTMENT-DAILY-NEWS-02-08-2016
NEW DELHI: The government has finally cleared the names
of Lt General Bipin Rawat as the new Army vice chief from September 1, while Lt
Gen P M Hariz will replace him as the Southern Command chief. The force on
Monday also got a new signal officer-in-chief in Lt Gen A R Prasad. But the
suspense over some other top-level crucial appointments continued despite the
Chandimandir-based Western Army Command,
Air Marshal B Suresh AVSM VM assumes charge as Air
Officer-in-Charge Personnel (AOP) at Air Headquarters today. A graduate of the
'Rashtriya Indian Military College', Dehradun and 'National Defence Academy'
Kharakvasla, the Air Marshal was commissioned as a fighter pilot in the Indian
Air Force on 13 Dec 1980. He is a meritorious graduate of the 'Tactics
and Air Combat Development Establishment'
SCIENCE
AND TECHNOLOGY-DAILY-NEWS-02-08-2016
US space agency NASA will launch a spacecraft in
September to a near-Earth asteroid known as Bennu to harvest a sample of
surface material and return it to the Earth to scan for signs of life. NASA’s
OSIRIS-REx spacecraft will measure the spectral signatures of Bennu’s
mineralogical and molecular components. Ideally, the sample will come from a
region in which the building blocks of life may be found. OVIRS (OSIRIS-REx
LEGAL-COURT
BILL-ACT-DAILY-NEWS-02-08-2016
NEW DELHI: The Lok Sabha has passed a Bill that amends
four different Acts, seeking to expedite disposal of debt recovery applications
that can take many years under the current regime. The changes will strengthen
the insolvency framework that is being implemented through the Insolvency and
Bankruptcy Code passed by Parliament in May. "One of the big challenges
that we face is with regard to the enforcement of
The Lok Sabha on Monday passed a Bill, which provides for
expeditious recovery of bad loans by banks. The Bill, passed by voice vote,
also proposes to move towards online debt recovery tribunals (DRTs). The
Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous
Provisions (Amendment) Bill, 2016, seeks to amend four laws -Securitisation and
Reconstruction of Financial Assets and Enforcement
The Parliament has passed the National Institutes of
Technology, Science Education and Research (Amendment) Bill, 2016. The bill was
first passed in Lok Sabha in July 2016 and later in Rajya Sabha in August 2016.
Now the bill will go for presidential assent as per Article 111 of
Constitution. Key Facts The Bill seeks to establish the National Institute of
Technology (NIT), Andhra Pradesh as an institute of national
The Strategic Forces Command (SFC), which forms part of
the National Command Authority (NCA), was on 30 July 2016 added to the Second
Schedule of the Right to Information Act (RTI), 2005. In this regard, Union
Government issued a notification mentioning SFC has been brought under
sub-section (2) of Section 24 of the RTI. The Section 24 of the RTI exempts
security and intelligence establishments from its purview.
ENVIRONMENT-DAILY-NEWS-02-08-2016
Voicing concern over environment degradation, the
National Green Tribunal (NGT) today observed that people will soon need to
carry oxygen cylinders as it pulled up authorities in Himachal Pradesh for not
planting a single tree after clearing a forest area for a road project.
"Half of the country is facing floods and half of the country is dry.
Temperature of Shimla is going up. Show us one tree which you have planted.
Will
SPORT-DAILY-NEWS-02-08-2016
Serbian Novak Djokovic and Simona Halep of Romania on 31
July 2016 won men’s and women’s singles title in the 2016 Rogers Cup. The
Rogers Cup also known as Canadian Open/Masters was held in Toronto (for men)
and Montreal (for women) from 25 July to 31 July 2016. The men's competition is
a Masters 1000 event on the Association of Tennis Professionals (ATP) tour. The
women's competition is a Premier 5
India off-spinner Ravichandran Ashwin has surged to the
top of the MRF Tyres ICC player rankings for Test bowlers after a superb outing
in the first Test against the West Indies in Antigua which the visiting side
won by an innings and 92 runs. Ashwin, who was top-ranked in the 2015
year-ending rankings, not only regained the top spot with his second-innings
haul of seven for 83 but has also gained in the batsmen’s
Novak Djokovic (World no 1) from Serbia has won the 2016
ATP Toronto Masters also known as the Rogers club title in the men’s single
category. In the final match, he defeated Kei Nishikori (World no 6) of Japan
by 6-3, 7-5 score. It was Djokovic’s his 66th career title and fourth Canadian
title (won in 2007, 2011 and 2012). Women’s singles title Simona Halep (World
no 5) of Romania won the Rogers club title in
The National Anti-Doping Agency (NADA) has given clean
chit to wrestler Narsingh Yadav in the doping case. With this he can
participate in 2016 Rio Olympics. Narsingh Yadav was given clean chit after the
NADA disciplinary panel exonerated him from charges of violating anti-doping
rules of NADA. It was found that the wrestler was a victim of sabotage done by
a competitor and there is no fault and negligence on
AWARD
AND HONOUR -DAILY-NEWS-02-08-2016
Femina Power List South 2016 awards, held in Bengaluru on
July 24, saw south India's most powerful women achievers being feted for their
outstanding achievements. Among the winners were Sudha Murthy, Sharmila
Nicollet and Anjum Hassan. Here is a glimpse of the event.
LONDON: Former British prime minister David Cameron
was under fire on Monday from the opposition Labour party over allegations that
he used his resignation honours list to reward colleagues and friends. Cameron
had resigned on June 24, the day the results of the Brexit referendum on
Britain's membership of the European Union were revealed in favour of an exit
from the EU. An outgoing British premier has the right
Dakshayani, an 86 year old elephant who is set to enter
Guinness Records as the world’s oldest living elephant, was honoured in
Thiruvananthapuram, the capital of Kerala. According to news agency IANS, the
elephant belongs to the Travancore Devaswom Board (TDB) which controls a large
number of temples in the state including the famed Sabarimala temple of Lord
Ayyappa. Reports suggest that the TDB has applied
Uttar Pradesh Chief Minister Akhilesh Yadav on Monday
honoured film-maker Vishal Bhardwaj with Yash Bharti Award. Vishal Bhardwaj,
who has won major several awards in his career, has added one more feather to
his cap with this award. The respectable award was presented to the film-maker
for his outstanding contribution to art and cinema. The 'Haider' director, who
was accompanied with his singer wife
Madhya Pradesh won the first prize in the category of
Best State/Union Territory for Comprehensive Development of Tourism for being
able to provide a complete and varied travel experience to tourists. The
official awarding criteria by Ministry of Tourism stated, "With emphasis
on better infrastructure especially in the field of power and roads,
destinations in MP have become more accessible and tourist friendly. The state
Gujarat has been adjudged the winner of the Best Film
Promotion Friendly State Award 1st Prize, the State for Most Innovative Use of
Information Technology – Social media / Mobile App Award and the Best State for
Comprehensive Development of Tourism Award under the National Tourism Awards
2014-15. It is the third straight victory for the Gujarat under the Best Film
Promotion Friendly State category while it has been
Film actor Jayaprakash Reddy was honoured with the
Jandhyala Memorial Award at the valedictory of the 21st State-level comedy
playlet competition held at Siddhartha Auditorium in the city on Sunday.
Sumadhura Kalaniketan organised the three-day comedy playlet contest as part of
its 43rd anniversary celebrations. Participating in the award presentation
function, Deputy Speaker of Assembly Mandali Buddha Prasad
The Department of Tourism, Government of Karnataka was
conferred with the '3rd place for the Best State/UT in Comprehensive
Development of Tourism'. Priyank Kharge, Minister for IT & BT and Tourism,
along with Dr. N Manjula, IAS, Director, Department of Tourism, received the
award from Sumitra Mahajan, Speaker of Lok Sabha. Dr. Mahesh Sharma, Union
Minister of State for Tourism (Independent
DEFENCE
-DAILY-NEWS-02-08-2016
NEW DELHI: The Indian Air Force is now scrambling to
install underwater locator beacons in its older transport aircraft, which are
tasked to fly over the sea, after failing to locate the AN-32 that went down
with 29 people in the Bay of Bengal on July 22. The ill-fated AN-32, which
crashed in an area where the average sea depth is well over 3,000-metre, had
been fitted with emergency locator transmitters (ELT) or beacons
Indian and Chinese troops on Monday held a ceremonial
Border Personal (BP) meeting along Sino-India border in Ladakh sector of Jammu
and Kashmir and agreed to uphold treaties and agreements signed between the two
sides to maintain peace and tranquility along the Line of Actual Control (LAC).
“Both sides also sought to build on the mutual feeling to uphold the treaties
and agreement signed between the
GOVERNMENT
SCHEME-DAILY-NEWS-02-08-2016
The Union Government has capped the prices of 24
essential drugs used for treatment of cancer, HIV, bacterial infections,
anxiety and cardiac conditions. In this regard, the Drug pricing regulator
National Pharmaceutical Pricing Authority (NPPA) has issued an order. It
revised ceiling prices of 24 scheduled formulations of schedule-I under Drugs
(Price Control) Amendment Order, 2016. With this cost of these 24
The Parliament has passed Indian Medical Council
(Amendment) Bill, 2016 to conduct of uniform entrance examination for admission
to all medical educational institutions. The bill seeks to replace the Indian
Medical Council (Amendment) Ordinance, 2016 and its provisions will come in to
force retrospectively from May 24, 2016. Key Features of Bill Introduction of a
uniform entrance examination for all medical educational
Prime Minister Narendra Modi has redefined many aspects
of the PM office with his approach and active deployment of smart technologies,
especially modern communication tools. Now he has set up a virtual digital
cabinet as he communicates with all the cabinet colleagues via mobile app. This
allows free flow of uninterrupted and secure information between the cabinet
ministers without the formal requirement of
The Union Government has constituted the District
Development Coordination and Monitoring Committee (DDCMC) for effective
development and coordination of Central Government’s programme. It will be
known as DISHA and first meeting will be held on August 13, 2016. It will
monitor the implementation of 28 schemes and programmes of Union Ministry of
Rural Development and other Ministries to promote synergy
New Delhi: The government on Monday sought parliament's
approval to spend an extra Rs 1.03 lakh crore ($15.43 billion) in the fiscal
year ending in March 2017. In a supplementary demand for grants laid before
parliament by the finance ministry, the government said net cash outgo would be
Rs 20,948 crore. The additional expenditure includes Rs 5,000 crore for a rural
jobs programme, about Rs 4,200 crore for road
In another major step towards implementation in Namami
Gange in mission mode the empowered steering committee (ESC) of National Ganga
River Basin Authority (NGRBA) today approved various projects worth Rs. 400
crore (approx). The projects include development of ghats and crematoria in the
stretch from Rudraprayag to Guptkashi (Uttrakhand), rehabilitation/development
works of ghats and crematoria at
Sewa to provide a transparent, clean, responsive and
accountable administration-Manoj Sinha . Hon’ble Minister of Communications Sh.
Manoj Sinha today launched “Twitter Sewa” for addressing the complaints and
concerns of common man and other stake-holders in the telecom and postal
sectors. The twitter handle of the Minister will be @manojsinhabjp. Launching
the Sewa here, Shri Sinha said that this is in tune with
A new scheme “Pradhan Mantri Rojgar Protsahan
Yojana”(PMRPY) has been announced in the Budget for 2016-17 with the objective
of promoting employment generation and an allocation of Rs. 1000 crores has
been made. The scheme is being implemented by the Ministry of Labour and
Employment in 2016-17. Under the scheme employers would be provided an
incentive for enhancing employment by reimbursement
New Delhi, Aug 2 (IBNS): Prime Minister Narendra Modi on
Tuesday lauded the Swachh Bharat Gramin August campaign as a great initiative.
The Prime Minister said that the cleanliness drive is set to eradicate open
defecation. "Launch of @SwachhBharat Gramin August campaign is a great
step to ensure
The Ministry of Environment, Forest and Climate Change is
implementing National River Conservation Programme, sub-schemes of Conservation
of Natural Resources and Eco-Systems, National Afforestation Programme &
Green India Mission, National Coastal Management Programme, National Mission on
Himalayan Studies under Climate Change Program under the Central Sector &
Centrally Sponsored
The ‘Indian Leather Development Programme’ (ILDP) a
central sector scheme, is under implementation with an approved outlay of Rs.
990.36 crore, during 12th Plan period with the following six
sub-schemes: Integrated Development of Leather Sector (IDLS)
- Assistance is provided for technology up-gradation/modernization of leather
units as investment grant @30% to small & micro units and @20% to
To make quality drugs available at affordable prices to
people under Pradhan Mantri Jan Aushadhi Yojana (PMJAY), it has been decided to
open 3000 Jan Aushadhi Stores (JAS) under the Yojana across the country by the
end of March 2017. In order to open JAS proposed within Government
hospital premises, a one-time financial assistance is provided to the extent of
Rs. 2.50 lakh (Rs. 1 Lakh for furnishing, Rs.
AGARTALA: Passenger train services between Delhi and
Agartala were flagged off on Sunday by Railway Minister Suresh Prabhu, finally
putting an end to the 67-year-old popular agitation for railway services to
Tripura. The much awaited weekly passenger train named "Tripura Sundari
Express" would run on the newly laid broad gauge track, between Agartala
and Anand Vihar station of Delhi and Anand Vihar and Agartala
SUMMIT-DAILY-NEWS-02-08-2016
India will host a crucial global summit in November to
eliminate the illicit trade of tobacco products in which delegates from 180
countries will take part. "India is hosting the 7th session of the
Conference of the Parties (COP7) to the WHO Framework Convention on Tobacco
Control (WHO-FCTC)," Minister of State for Health Anupriya Patel said in a
written reply to a question in the Lok Sabha. She said the summit
scheduled
STATE
-DAILY-NEWS-02-08-2016
NEW DELHI: The Madhya Pradesh government has started
afresh the pilot round of auction of diamond mines, a day after it was scrapped
due to poor response. A good response is expected from companies this time
round, officials said, citing interactions with the bidders. Vivek Austin,
director, geology and mining, said some firms could not complete the
formalities for bidding and have requested fresh auctions. "Last time, due
Kolkata: West Bengal Chief Minister Mamata Banerjee on
Monday announced a Rs 2 crore grant for city soccer giants East Bengal for
infrastructure development and an annual Rs 50 lakh aid for two years to all
clubs playing in the city premier division league. Speaking at the 97th
foundation day ceremony of the East Bengal club, the chief minister called upon
the state Sports Department and all soccer clubs to take help of
FOREIGN
TOUR -NEWS-02-08-2016
New
Delhi,(IBNS): Minister of State for External Affairs, General VK Singh will
visit Saudi Arabia soon to sort out the problems Indians are facing there. The
announcement was made by India's External Affairs Minister Sushma Swaraj on
twitter. Reacting to a tweet by a man who alleged that almost 800 Indians
are starving for three days in the Saudi city of Jeddah, Swaraj said on
Saturday that her colleague VK Singh will
BOOK IN NEWS--02-08-2016
India Rising: Fresh Hope, New Fears: Ravi Velloor.
A book titled India Rising: Fresh Hope, New Fears by Ravi Velloor
chronicles India's journey in the decade before Prime Minister Narendra Modi's
rise. The book was released in April 2016 by Singapore Emeritus Senior Minister
(ESM) Goh Chok Tong. The book captures the significant events of the years
under former India Prime Minister Manmohan Singh and examines
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