NEW DELHI: Government today said the Reserve Bank has taken various steps, including constitution of a working group to devise import data monitoring and processing system, to prevent instances of foreign exchange violations. Minister of State for Corporate Affairs Arjun Ram Meghwal today said RBI has informed that recently a case of foreign exchange violation at Bank of Baroda's Ashok Vihar branch in the
NEW DELHI: Crop diversification programme has been extended to 10 states to encourage tobacco growing farmers to shift to alternative crops, the Lok Sabha was informed today. Production of flue cured virginia (FCV) tobacco, used for manufacturing of cigarettes, has been going down in the past few years and stood at 52.29 million kgs approximately in 2015-16. Health Minster JP Nadda, in written reply to a
NEW DELHI: India and Sri Lanka, after years of delay following ex-President Mahinda Rajapaksa's intransigence, have finally launched negotiations this week on Economic and Technical Cooperation Agreement (ETCA) formerly known as CEPA or Comprehensive Economic Partnership Agreement that will push both Indian investments and services into the island nation. Indo-Lanka ETCA that promises Indian
NEW DELHI: A year after the sudden exit of well-known historian Mahesh Rangarajan- a UPA appointee- from Nehru Memorial Museum & Library (NMML), the culture ministry is set to bring in a former bureaucrat and key aide to Prime Minister Atal Bihari Vajpayee as the new director of the organisation. Highly placed sources confirmed to ET that Shakti Sinha- an AGMUT Cadre IAS officer of 1979 batch- is
RIO DE JANEIRO: Joseph Schooling beat Michael Phelps and made Singaporean sporting history on Friday when he won the 100 metres butterfly and his country's first Olympic gold medal. Once the pupil, photographed as a boy alongside his childhood idol Phelps, he put in a masterful performance to deny the American a 23rd and final individual gold in a race that will also be long remembered for a three-way dead-
NEW DELHI: There will be no separate railway budget from next financial year, putting an end to a practice that started in 1924, with the finance ministry agreeing to the proposal to merge the transporter's annual exercise with the general budget. Government sources told TOI that the finance ministry has constituted a five-member committee of officers to work out the modalities for the exercise, which will end the annual
NEW DELHI: Top small arms manufacturers from across the globe are looking to set up shop in India with a critical tweak in rules by the government that has enabled the private sector to set up manufacturing units and even cater to export orders after due permissions. The revised Arms Rules 2016, which have been notified by the government last month, have brought clarity to the sector, giving clear rules on how private
Mr. Akhil Joshi presently posted as Executive Director, Bharat Heavy Electricals limited (BHEL) has been appointed as the Director (Power), BHEL for a period of five years from the date of his assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earliest. As Director (Power), Mr. Joshi will be responsible for marketing, erection, commissioning, overall management
Imphal: Days after iconic rights activist Irom Sharmila ended her 16-year-old hunger strike, a 32-year-old woman from Manipur on Friday vowed to carry forward the protest against Afspa with an indefinite fast. A mother of two girls, Arambam Robita Leima said she would launch her fast-unto-death at 10 am on Saturday at a community hall in Imphal West district. She said she was not only demanding repeal of the
The ongoing protest in Pakistan Occupied Kashmir (PoK) against Islamabad’s atrocities and rigged polls reached a new boiling point on Friday when agitators criticised the provincial government and raised anti-Pakistan slogans demanding removal of Army. Angry protesters raised slogans for ‘Azadi’ (freedom from Pakistan) and slammed the Pakistani security forces for torturing and killing innocent people in the region. In
Subedar Ratan Singh, the Indian Army veteran who fought in the 1971 India-Pakistan war, passed away in Punjab’s Tibba village on Wednesday. The 92-year-old will be laid to rest in his ancestral village on Thursday. When Ratan Singh was posted at Longewala in Rajasthan during the war, the Pakistani army battalion, comprising 45 tanks and over 2 thousand soldiers, lost to a mere 80 Indian soldiers. The Brigadier
HYDERABAD: Noted Shia scholar Moulana Syed Ghulam Hussain Raza Agha passed away on Friday. He was 80. He was suffering from a bout of illness and breathed his last at KIMS in Secunderabad. The cleric headed the Shiite religious body, Majlis-e-Ulama-o-Zakireen and was also the general secretary of All India Shia Personal Law Board. It was in the early 1950s that Maulana Raza Agha travelled to Najaf, Iraq in
NEW DELHI: Greenland shark has clocked in as the world's longest living vertebrate with the scientists estimating its life expectancy at 272 years. While the Greenland shark is among the world's largest carnivore sharks, with adults reaching more than five metres in length, the animal's general biology is 'poorly understood' by the scientists. The longevity of the Greenland shark has been a particular mystery for the
NEW DELHI: A "zero tolerance" policy would be adopted towards the waste being discharged into Ganga river from tanneries, Union Environment Minister Anil Madhav Dave said on Friday even as he asserted that some issues needed to be dealt "strictly". Noting that the discourse should not be about saving the Ganga but serving it, he stressed the need for creating a "social involvement" in the issue and said the government is
New Delhi, Aug 10 (UNI) Lentiviruses cause a variety of chronic diseases in mammals - ranging from the most notorious example of HIV/AIDS in humans to various neurological disorders in primates - yet little is known of their evolutionary history and origin. As HIV/AIDS has emerged only recently and so far eluded efforts to outwit it, researchers have been looking at imprints left by related viruses in other animals to better
The annual Perseid meteor shower, already one of the most reliably impressive celestial events, promises to be especially good this year. According to NASA, the Perseid shower happens every year in August when Earth ventures through trails of debris left behind by an ancient comet. A typical Perseid meteor shower has 80 to 100 meteor showers per hour, but as per NASA, this would be anywhere from 160 to 200 meteors
New Delhi: Back in December 2015, well before politics over bovines took centre stage in India, the late Rohith Vemula, the Dalit scholar from University of Hyderabad, wanted cow vigilantes to be declared terrorists and sent to rehabilitation, according to his online diary published by Juggernaut Books. In the book "#CasteIsNotARumour: The Online Diary of Rohith Vemula", collated and edited by journalist Nikhila
NEW DELHI: The defence ministry's top acquisition council is likely to take up the final report submitted by a team negotiating the much-anticipated Rafale fighter jet deal with France this month. The Defence Acquisition Council (DAC), chaired by Defence Minister Manohar Parrikar, is likely to meet on August 18. The council had last month reviewed the multi-billion Euro Rafale deal and directed the Indian negotiating
Swedish defense firm SAAB had offered to set up a production unit in India to collaborate with Hindustan Aeronautics Limited for the co-development of the Tejas MK1A fighter aircraft.New Delhi (Sputnik) — SAAB's desperate attempt to collaborate with Indian aeronautics firm in the co-development of India's indigenously manufactured fighter aircraft Tejas MK1A has failed to find support in the Indian
Marking the conclusion of the monsoon session of Parliament , the Lok Sabha was today adjouned sine die.
This was the ninth session of the 16th Lok Sabha. In her valedictory address, Speaker Sumitra Mahajan described the session as highly productive and fruitful. During the session, Mahajan said many important legislative businesses including the Goods and Services Tax bill, were taken up and passed. Several important bills including the Factories (Amendment) Bill, 2016, Employees Compensation (Amendment) Bill
Afghanistan's Ambassador to India Shaida Mohammad Abdali believes that Afghanistan, India and Pakistan should cooperate in a manner that will enhance the security of the citizens of all the three countries. “We hope that the three of us-Afghanistan, India and Pakistan cooperate in a manner that will bring about a change in terms of security to our people," Abdali said. Abdali said that in his book 'Afghanistan-Pakistan-
Barely hours after Bollywood superstar Shah Rukh Khan’s two-hour-long detention at the Los Angeles airport comes another report of a brush-off with an Indian celebrity.The United Kingdom, it is learnt, has rejected Sarod maestro Amjad Ali Khan’s application for visa. He was to perform at the Royal Festival Hall in London next month. The 70-year-old celebrated artist took to Twitter to vent out his displeasure over the
Lok Sabha today voiced concern over prolonged curfew, violence and loss of lives in Kashmir as it unanimously passed a resolution, appealing for urgent steps to restore order and peace in the Valley. The resolution read out by Speaker Sumitra Mahajan said that there can be no compromise with the country's integrity and security. “The House appeals to all sections of the society in Jammu and Kashmir to restore the
New Delhi: A panel formed to look into various matters related to civil services examination is understood to have recommended reduction in upper-age limit of 32 years to appear in the prestigious test to select IAS and IPS officers among others. The expert committee was constituted by Union Public Service Commission (UPSC) under the chairmanship of former Human Resource Development Secretary and retired IAS officer
The villages in Naxal affected areas and other such inaccessible regions are being expeditiously connected with off-grid power solutions, said Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, while chairing the meeting of the Consultative Committee attached to Ministries of Power and New & Renewable Energy, held here today. Further, Shri Goyal informed the
NEW DELHI, AUGUST 12: The Centre has constituted a National Committee on Trade Facilitation (NCTF) under the Chairmanship of the Cabinet Secretary. This follows India’s ratification of the WTO Agreement on Trade Facilitation (TFA) in April this year. The first meeting of the NCTF is likely to be convened shortly. The establishment of the committee is part of the mandatory, institutional arrangement of
The central government has withdrawn the excise duty exemption granted to sugar mills on production of ethanol, due to an improvement in their liquidity on account of a rise in sugar prices. Withdrawal of the excise duty, charged at 12.5 per cent, translated into a Rs 5 a litre advantage for mills over the pre-determined ethanol price of Rs 48.5-49.5 a litre. The mills were unhappy, saying the abrupt withdrawal of the exemption
The government said on Friday that meeting the 2016-17 fiscal deficit target of 3.5 per cent of the gross domestic product (GDP) would be a challenge due to additional spending on wages, following the implementation of the Seventh Pay Commission. In its Medium Term Expenditure Framework (MTEF) for the next three years, placed in Parliament, the finance ministry said reducing the fiscal deficit to 3.5 per cent,
The Comptroller and Auditor General of India (CAG) on Friday said in a report that the government and the oil marketing companies had overstated savings on subsidy due to implementation of direct benefits transfer on liquid petroleum gas (LPG), or the PAHAL scheme. The CAG claimed that 92 per cent of the Rs 23,316.21 crore the government saved in subsidy payout in 2015-16 occurred due to a drop in crude oil
Central Bank of India on Friday reported a net loss of Rs 599.8 crore for the first quarter ended June as provision for bad loans witnessed over two-fold jump. The bank had earned a net profit of Rs 203.6 crore in the April-June quarter of last financial year, the state-owned bank said. Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,099 crore last year. Provision for bad loans witnessed over two-fold rise
A day after Aditya Birla group announced the merger of AB Nuvo with Grasim Industries to create an entity with Rs 60,000-crore annual revenue, shares of both companies fell on the stock markets — indicating investors’ ire. AB Nuvo closed the day with 18 per cent loss, while Grasim, after an initial fall, recovered to close flat. Both stocks ended with a loss of Rs 9,935-crore market value in this week’s trading as news of
Tata Consultancy Services, a leading global IT services, consulting and business solutions firm, announced its ranking as the 58th most valuable US brand in an annual survey by a top brand valuation company. The Brand Finance study ‘Top 500 US Brands’ evaluates the financial value of a company’s brand name, intellectual assets and trademark as compared to companies across industries. TCS is one of only four global
New Delhi: The Supreme Court on Friday awarded compensation to three migrants from Jammu and Kashmir (J&K) who had been manhandled by police personnel on a peaceful protest march from Jammu and Kashmir to Delhi in 2007. A bench comprising justices A.K. Sikri and R.K. Agrawal directed for the compensation to be paid by the state within a period of two months. The petitioner, one of whom was the
CHENNAI: A grand awards function would be organised to honour film artistes and technicians, Tamil Nadu chief minister Jayalalithaa announced in the assembly on Friday. The chief minister made the announcement in response to DMK MLA Vagai Chandrasekar's statement that no awards function had been organised in the last five years of the AIADMK regime. "It was during the DMK regime that awards
The government will organize week-long ‘Bharat Parv’, the Festival of India, in the national capital as part of the Independence Day celebrations from today. Tourism secretary Vinod Zutshi said the prime objective of the festival is to inculcate and celebrate patriotic mood among people across the nation, besides ensuring wider participation by them. The event’s venue will be the lawns of the India gate in New Delhi. It would be
New Delhi: The National Democratic Alliance (NDA) government in October 2014 launched the Swachh Bharat Mission with the aim to make India clean and open defecation-free in the next five years. Citizens across the country have taken up the task of implementing the governments vision. The central government on Thursday felicitated citizens who are driving positive behaviour change in their
The Assam Assembly on 12 August 2016 passed a resolution to become the first state to ratify The Constitution (122nd Amendment) (GST) Bill, 2014. The bill was passed by the Lok Sabha on 8 August 2016 and by the Rajya Sabha on 3 August 2016. The GST will have two components keeping in mind the federal structure of India: the Central GST (CGST) and the State GST (SGST). For goods and services
China’s table tennis champion Ma Long on 11 August 2016 defeated China’s Zhang Jike by 4-0 to grab the gold medal in Table Tennis at Rio Olympics. With the win, Long became the fifth male player to complete the Grand Slam, and the second male player ever to be the defending champion of all three majors at the same time. Jike was the first player to do so. Jike clinched the silver medal.
The Nagaland Government on 10 August 2016 decided to grant 33 percent reservation to women in Urban Local Bodies (ULBs). The decision was taken during a cabinet meeting held in Kohima. The decision was announced by the Chief Minister TR Zeliang during the State Level Watershed Conference held in Kohima.Zeliang however said the state has not been able to avail the annual developmental funds granted by
In a bid to maintain transparency and ensure quick payment of dues, the Odisha government has decided to make Aadhar Card mandatory for procurement of paddy in the state. In a meeting at the state secretariat in Bhubaneswar held on 11 August 2016, it was decided to link Aadhaar cards of farmers to the cooperative banks and the peasants’ accounts for online transfer of cost of paddy to be procured from the coming kharif
The International meeting of Countering Cross-Border Movement of Terrorism was held in Nusa Dua, Bali, Indonesia on 10 August 2016. Coordinating Minister for Political, Legal and Security Affairs Menko Wiranto stated in his speech that the countering of the terrorism acts required bilateral, regional and global cooperation which involves international organisation.He also said that "lone-wolves" phenomena is groups of
Karnataka to build 36,254 more houses for urban poor with an investment of Rs.1, 468 crore. Haryana to build 759 houses at a cost of Rs.23 cr . Ministry of Housing & Urban Poverty Alleviation today approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs.1, 491 cr. An inter-ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita
Government today approved Rs 1,554 crore R&D project to develop advanced ultra super critical (AUSC) technology for thermal power plants, a move that would ensure energy security. The CCEA "approved a proposal of R&D project for development of Advanced Ultra Super Critical (AUSC) technology for thermal power plant with an estimated cost of Rs 1,554 crore and providing one time budgetary support of Rs 900
Rajeev Krishnan was on 9 August 2016 appointed as the Managing Director of Max Hypermarkets in India with effect from 1 August 2016. Krishnan succeeds Viney Singh, outgoing Managing Director.However, Singh will continue to be on the Board of the company as a Non-Executive Director. As managing director, Krishnan will guide and direct the strategy and execution of the Hypermarket & Supermarket business of the
Microsoft on 11 August 2016 announced the appointment of Sriram Rajamani as the new Managing Director (MD) of its India Research Lab. Rajamani replaced Chandu Thekkath, who previously worked as Managing Director of the lab for two years. Rajamani is a renowned computer scientist. He holds a proven research and managerial track record spanning 17 years in Microsoft's research organisation.
New Delhi: After rising for the first time in 18 months in June, exports shrank again in July, contracting 6.84 per cent due to decline in shipments of engineering goods and petroleum products. Gold imports, which till recently was a matter of concern for the government, more than halved to $1.08 billion in the month. Merchandise exports totalled $21.69 billion in July as against $23.28 billion in the same month last year.
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