Tuesday, 23 August 2016


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Mumbai: Out of almost nowhere, the government has created a new market of Rs 17,000-18,000 crore with its new crop insurance scheme. This segment will be almost twice the size of the fire insurance business of non-life companies, which includes premium from covering buildings, factories, houses and shops. Until last year, crop insurance was a business that generated less than Rs 5,000 crore of premium and most of it was
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MUMBAI: In a move that signals the government's intent to allow foreign audit firms to register and operate directly in the Indian market, the Ministry of Corporate Affairs has written to the Institute of Chartered Accountants of India (ICAI) to seek its views and recommendations on the government proposal. Currently, Indian laws don't allow any multinational accounting firm to be registered in India as auditors. The thinking
NEW DELHI: After Air India, the government now wants the Railways to lower transaction charge for online reservations and is also urging banks to cut charges as it seeks to reduce the usage of cash and promote use of plastic money. Reducing the use of cash has been identified as a key priority of the government as it seeks to put curbs on black money. Several steps have already been initiated, which were
NEW DELHI: The government will allow bundling of public funded national highway projects that can be monestised by leasing out to private players for toll collection for a period of 30 years. The portfolio of government funded operational highways projects would be prepared on the basis of geographical proximity that would be leased out to institutional investors under toll operate transfer (TOT) model. Under the policy,
Continuing with its exercise of providing High speed WiFi services at Railway Stations, Minister of Railways, Shri Suresh Prabhakar Prabhu inaugurated Wi Fi services at 8 Mumbai Suburban Railway Stations in Maharashtra viz., Churchgate, Bandra, Bandra Terminus, Dadar Western Railway, Dadar Central Railway, Khar Road, Kalyan and Lokmanya Tilak, today i.e. 22 nd August 2016. The Wi-Fi facility for the visitors &
Call it the new Digital India. The Indian government, with the help of internet service providers, and presumably under directives of court, has banned thousands of websites and URLs in the last five odd years. But until now if you somehow visited these "blocked URLs" all was fine. However, now if you try to visit such URLs and view the information, you may get three-year jail sentence as well as invite a fine of Rs 3
NEW DELHI: The government is set to ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The government, however, is yet to decide on the SIT's other proposal to bar cash holdings over Rs 15 lakh due to opposition from trade and industry, sources told TOI. "There are concerns
NEW DELHI: The Supreme Court came down on the Kejriwal government on Monday for dragging its feet on installing radio frequency identification devices (RFIDs) at 13 main entry points to Delhi and advised it to be "progressive" and not "obstructionist". Amicus curiae Harish Salve and Aparajita Singh informed a bench of CJI T S Thakur and Justices A K Sikri and R Banumathi that the proposal to install RFIDs was approved
NEW DELHI: Former Ranbaxy promoters Malvinder Singh and Shivinder Singh, facing a Rs 2,562-crore penalty, told Delhi High Court that the Singapore tribunal's arbitration award to Daiichi Sankyo can't be enforced under Indian law. The Singh brothers were accused of concealing information regarding wrongdoing at Ranbaxy when they sold a majority stake in it to the Japanese firm in 2008. Daiichi Sankyo
Delhi High Court on Monday refrained from passing any interim direction to allow BJP MLA O P Sharma to attend the Delhi assembly session which commenced on Monday. Sharma was suspended from the assembly on March 31 for two sessions for allegedly making derogatory remarks against AAP legislator Alka Lamba.
“Let me sit in the assembly during the session. I will not even open my mouth,” Sharma’s lawyer told Justice
Amid the unrest in Jammu and Kashmir that has claimed at least 66 lives, the Supreme Court on Monday said that the ongoing trouble in the Valley should be "dealt with politically" and everything cannot be managed within judicial parameters.  "This issue has various dimensions and therefore should be dealt politically and moreover, everything cannot be managed within the judicial parameters," a bench headed by Chief Justice T
The Delhi High Court has ruled that passport authorities cannot insist upon mentioning the name of an applicant’s father in the travel document. "There is no legal requirement for insisting upon the father's name in the passport," Justice Sanjeev Sachdeva observed yesterday while referring to an earlier judgement passed by the court in May this year. The court said this while dealing with a petition filed by a youth, whose request
V P Singh Badnore on 22 August 2016 took oath as the new Governor of Punjab. He was also sworn in as the Administrator of Chandigarh Administration. Punjab and Haryana High Court Chief Justice S J Vazifdar administered the oath of office and secrecy to Badnore at Punjab Raj Bhawan in Chandigarh. Badnore replaced Kaptan Singh Solanki, who is the Governor of Haryana. Solanki had been holding additional

MUMBAI: Housing Development Finance Corp. (HDFC) has developed a taste for masala bonds. Weeks after India's largest mortgage lender sold out its first issuance of rupee-denominated debt to overseas buyers, it's planning to raise another Rs 2,000 crore through the same route, underscoring a trend that's gaining momentum. HDFC's masala bond sale last month was the first by an Indian company. The home loan
Cotton planting in the country is likely to fall to the lowest in seven years in the 2016-17 marketing season, thanks to pest attacks, late onset of monsoon and shift to pulses and oilseeds by farmers. According to top officials of the Central Institute of Cotton Research (CICR) , Nagpur, cotton planting for this season is unlikely to exceed 104-105 lakh hectares. As on date, cotton planting across the country is around 99 lakh

In a yet another pre-poll shocker anda major embarrasement to BSP Supremo Mayawati senior leader Brijesh Pathak has dumped the BSP ship and joined BJP as the crucial state continues to be politically surcharged with election round the corner. Pathak cited "corruption and anarchy" in BSP as reasons for his
The Election Commission has issued a notification regarding amendment to rules regarding recognition of parties as national or state party. This change in rules will ensure that national or state party status earned by a parties in one election will continue after next general election even if they failed to meet the required criteria, which means the review of the status will take place every two consecutive Lok Sabha or assembly

The fourth Test between India and West Indies at the Queen’s Park Oval might not have turned out to be the ideal finale as far as Indian cricket fans were concerned with only 22 overs of play possible over the entire duration of five days. Despite rains only causing havoc for a brief period of time, the poor drainage conditions at the venue meant the viewers were left distraught as no play for possible since Lunch on Day 1.
JAMMU, Aug 22: Indian Council for Cultural Relations ICCR), Ministry of External Affairs, Government of India honoured the artist of Germany, Bee Seavers who came all way from Hamburg (Germany) to present a ‘Santoor Recital’ which ICCR Jammu organised at Abhinav Theatre, Jammu with the collaboration and support of J&K Academy of Art, Culture and Languages. The honours were done by Regional Director
MANGALURU/KARWAR: Indian Coast Guard Station (ICGS), Karwar, organized its first-ever bravery award ceremony on Sunday and felicitated four fishermen for showing exemplary courage in saving seven fishermen struggling for life in the middle of the sea, 15 nautical miles off Bhatkal coast, early this month.In the ceremony, Coast Guard presented bravery awards, certificates and cash reward of Rs 10,000 to Gopal
Hindi scholar and writer Sunita Jain was on 17 August 2016 awarded with the prestigious 25th Vyas Samman 2015 for her poetry collection Kshama. She received the award by West Bengal Governor K N Tripathi. Jain, through her poetry, portrays the fine emotions between poet Tulsidas and his wife Ratnavalli in Kshama. She has managed to aptly convey the sentiment of forgiveness between Tulsidas and his wife using

THE ruling by the Court of Arbitration of Sport (CAS) that led to a four-year ban on Narsingh Yadav on doping charges is a stinging indictment of the manner in which a hearing panel set up by India’s National Anti Doping Agency (NADA) cleared the wrestler for the Olympic Games in Rio by accepting his contention that he was a victim of “sabotage”. The detailed report of the CAS hearing, made public on Monday, concluded

razil star forward Neymar gave the 2016 Rio Olympics host nation its biggest moment as he handed the country its first Olympic men’s football gold medal with the winning penalty in a 5-4 shootout victory over Germany . With an unforgettable kick in a thrilling summit showdown at the Maracana stadium, Neymar, probably Brazil’s biggest soccer star, gave his countrymen a moment that they will remember and cherish for

NEW DELHI: The efforts by the Centre and Uttar Pradesh to clean the Ganga have borne "zero" result, the National Green Tribunal said on Friday, as it pulled them up and sought reports on the discharge of industrial waste in the river between Haridwar and Kanpur. The green panel came down heavily on the Ministries of Environment and Forests, Water Resources, Central Pollution Control Board and other authorities for not
NEW DELHI: Seeking to provide more teeth to the existing wildlife protection law, the Centre is looking for an option to introduce clauses of stricter punishment and to change the law to bring it in sync with international conventions which target the trade in endangered species. One of the proposals is to increase the penalties from existing Rs 500-Rs 25,000 to Rs 5,000-Rs 50 lakh for different violations under the

Online and mobile commerce major the Alibaba Group, along with Crossword and Ratna Nidhi Charitable Trust, has launched ‘Mission Million Books’, a pan-India initiative inviting Indian citizens to donate textbooks and educational material for the underprivileged. The collected material will be distributed to more than 2,500 educational institutions across India. In addition to mobilising and coordinating with partners to
Government has slapped an additional penalty of USD 380 million (around Rs 2,500 crore) on Reliance Industries and its partners for producing less than targeted natural gas from eastern offshore KG-D6 fields.  the total penalty, which is in form of disallowing recovery of cost incurred, for missing the target in five fiscal years beginning April 1, 2010, now stands at a cumulative USD 2.76 billion. The Production Sharing
China’s largest high speed train maker has announced that its first USD 63.4 million joint venture plant in India to repair and manufacture railway locomotive engines has started operations. The state-run China Railway Rolling Stock Corporation (CRRC) is the first foreign company to set up assembly line of rail transportation equipment in India after Prime Minister Narendra Modi unveiled his ambitious ‘Make in India’
BOOK IN NEWS---23--08-2016
 Famous Tamil author Perumal Murugan ended his self-imposed literary exile of 19 months on Monday with the publication of a new book -- "A Coward's Song", a collection of 200 poems. Hounded by caste-based groups following the publication of his Tamil novel "Madhorubagan" (One Part Woman), Professor Murugan had declared on Facebook that he was dead. "As an ordinary teacher, he will live as P Murugan. Leave him
A Life in Diplomacy: Maharajakrishna Rasgotra
The book titled A Life in Diplomacy was in news in the third week of June 2016. The book was written by former Indian diplomat Maharajakrishna Rasgotra. It is an insider's account of the personalities and policies that shaped Indian diplomacy. The book provides a ringside view of the beginnings of ethnic violence in Sri

FOREIGN TOUR -NEWS-23--08-2016
Prime Minister Narendra Modi and Afghanistan President Ashraf Ghani  jointly tele-inaugurated the restored Stor Palace in Kabul. The Stor Palace is located in the Afghanistan’s Ministry of Foreign Affairs Campus in Kabul. The newly renovated and restored building will house the Afghanistan’s Ministry of Foreign Affairs. Besides, it will also serve as the venue for hosting official domestic and international events by the Afghan

STATE -DAILY-NEWS--23--08-2016
GUWAHATI: The BJP led government in Assam has begun the haunt for engaging brand ambassador for promoting state tourism. The government is in talks with batting maestro, Sachin Tendulkar, Bollywood actor Ranbir Kapoor, actress Deepika Padukhone and Priyanka Chopra to promote to the new brand entity, "Awesome Assam". Assam tourism minister, Himanta Biswa Sarma said, "We are talking to Sachin, Ranbir,
KOLKATA: The West Bengal State Council of Science and Technology is seeking GI recognition for various handicrafts which are unique in character and have the potential to be marketed nationally and internationally. Officials of the state patent office, in co-ordination with the department of Micro, Small and Medium Enterprises (MSME) have recently applied for GI tags for seven indigenous handicraft products of
Delhi will soon have a sprawling new Aerospace Museum close to the international airport focused mainly on Nation’s rich aviation history. New Aerospace Museum is not only meant to preserve the glorious tradition of the IAF but also to create awareness in general public about India’s rich Aerospace heritage. The IAF believes that the Museum would be a popular tourist attraction and a landmark in India’s capital city. A
Himachal Pradesh's Palampur on Monday became the first town in the State to be entirely covered with free Wi-Fi facility after Chief minister Virbhadra Singh launched the service from capital Shimla. Mr Singh said as many as 51 sites of Wi-Fi were set up at different places to fully cover the town with the facility provided by Reliance-Jio. He said the government would provide Wi-Fi facility in all government colleges of the state in
Himachal Pradesh's Palampur on Monday became the first town in the State to be entirely covered with free Wi-Fi facility after Chief minister Virbhadra Singh launched the service from capital Shimla. Mr Singh said as many as 51 sites of Wi-Fi were set up at different places to fully cover the town with the facility provided by Reliance-Jio. He said the government would provide Wi-Fi facility in all government colleges of the state in
KOLKATA: West Bengal government is all set to introduce community radios in rural areas to help farmers to get all sorts of updated "area specific" information related to agriculture. The government has decided to identify four to five zones initially and community radio stations. Later on, the service will be introduced across the state. To begin with, two community radios of different frequencies will be aired in two different
Maharashtra became the first state in the country to draft its own internal security legislation The Maharashtra Protection of Internal Security Act (MPISA), 2016. The bill has been kept public responses for suggestions and objections. Later it will be presented to the legislature for approval. Key Features of Bill It gives special emphasis on maintaining law and order and combating terrorism, insurgency, caste-related violence and
Kerala may no longer be foreigners’ top favourite tourist destination if the figures by the tourism department are anything to go by. A recent study by the department shows a fall in the foreign tourist arrivals and all stakeholders have the state’s liquor policy to blame. The Trade Research 2016 which compiled data from the Kerala Tourism Statistics and Economic Review of 2015, shows that the tourism growth rate fell from
With an aim to tightening the noose around criminals, Andhra Pradesh Polic launched DNA Index System (DIS), the first-of-its-kind initiative that allows generation of DNA profiles from live samples like saliva and blood stains. The system uses the latest DNA technology tool called RapidHIT developed by IntegenX of USA. The DIS allows generation of DNA profiles using buccal swabs, blood stains, saliva and other live
Central Electricity Authority (CEA) has given conditional clearance to the Rs.4,500-crore 1,000 mw Turga Pump Storage Hydel Power Project in West Bengal’s Purulia district. “We have cleared the project and it is now pending environmental clearance,” CEA Chairman S.D. Dubey said. “We want more such projects in the country for better grid stability,” he said on the sidelines of CII organised Energy Conclave. State Power

President of India inaugurates CII-IIEST conference on “Enabling Make in India through Industry Academia Innovation Platform”  The President of India, Shri Pranab Mukherjee inaugurated a CII-IIEST Conference on the theme of “Enabling Make in India through Industry Academia Innovation Platform” in Kolkata, West Bengal today (August 22, 2016).  Speaking on the occasion, the President said that India’s external sector
The Gujarat government under its new Chief Minister Vijay Rupani has put in place a plan to reinvigorate the next Vibrant Gujarat Global Summit, scheduled from January 10 to 13, 2017, by branding it around the eventual rollout of the Goods and Services Tax (GST) regime. The plan, prepared by Gujarat government with the help of several union ministries and Department of Industrial Policy and Promotion (DIPP), rests on

DEFENCE -DAILY-NEWS--23--08-2016
WASHINGTON: US security assistance to Pakistan declined by 73 per cent since 2011, Congressional Research Service (CRS) report said. The report, prepared for the US Congress, covers both military and economic assistance given between 2002 and 2015 as well as those earmarked for fiscal years 2016 and 2017, Dawn online reported on Tuesday. It also showed a 53 per cent decrease in economic assistance
Iran has said Russia is no longer using one of its air bases to launch strikes on targets in Syria, but the US said it is unclear whether Russia's use of the base has actually stopped. "It was a specific, authorised mission and it's over for now," Bahram Ghasemi, spokesman for Iran's foreign ministry, told reporters in Tehran on Monday. Ghasemi left open the possibility of Russia utilising the Hamedan base in the future, saying it would
American epidemiologist Donald Ainslie Henderson — leader of the international campaign against smallpox in the 1980s — has passed away at age 87 due to complications from a hip fracture. D.A. will forever be known for his work as a “disease detective,” which led to the eradication of smallpox more than 30 years ago. This achievement was the only such vanquishment of a human disease in history, consequently saving
SR Nathan: former longest-serving Singapore President of Indian-origin passes awayThe Indian-origin former Singapore President S.R. Nathan passed away days after suffering a stroke. He was 92. He was the sixth and longest-serving President of Singapore. He was closely associated with the country’s founding leader Lee Kuan Yew. About S.R Nathan Born as Sellapan Ramanathan on 3 July 1924 in the family of

Mumbai: Prime Minister Narendra Modi's economic reforms programme has been strongly endorsed by Aberdeen Asset Management, one of the world's biggest money managers. In a detailed report on the country titled 'India: The Giant Awakens', the asset manager has praised the Modi government for its continuous reform measures and added that he has done 'admirably well thus far'. "A common perception in
A strong typhoon stuck near Tokyo on Monday. Heavy rain and winds grounded more than 400 flights as officials warned of landslides and flooding. yphoon Mindulle made landfall in Tateyama city.  The storm was packing gusts up to 180 kilometres per hour and heading north at a speed of 20 kilometres per hour.

NEW DELHI: Ministers and top bureaucrats expect Reserve Bank of India governor-designate Urjit Patel to "rise to the occasion" and use his experience of handling monetary policy at the central bank to maintain a balance between inflation and growth. Patel, who is currently deputy governor at the RBI, will take over the top job when incumbent Raghuram Rajan demits office on September 4 after completing his three-year term.
‘Gross negligence’, ‘lackadaisical attitude’, ‘vested interests’, these are some of the terms used by a Parliamentary Committee for the Department of Pharmaceuticals (DoP) on the latter’s inability to regulate the prices of patented medicines even after nine years of deliberation on the same. The scathing indictment of the DoP, which functions under the Ministry of Chemicals and Fertilizers, in the report submitted by the
THIRUVANANTHAPURAM: Ahead of rolling out the second phase of the flood mitigation drive 'Operation Anantha,' a meeting of the high-level committee appointed to evaluate Phase I will be held here on Tuesday. The new district collector S Venkatesapathi has instructed the high-level committee to submit its report promptly for which a comprehensive review of the first phase was essential. Tuesday's meeting will be

Port projects, including connectivity projects, are critical to developing cargo handling capacity at Ports. With the thrust on port led development under the Sagarmala program, improving viability of projects is critical. One of the primary factors that impacts viability is the interest rate on borrowings to fund projects. Ports have surplus funds, but to achieve a quantum jump in the investment, borrowings would also have to be
NEW DELHI: India and the US are likely to sign a key logisitics agreement later this month which will enable both the countries to use each other's assets and bases for repair and replenishment of supplies. The agreement called the 'Logistics Exchange Memorandum of Agreement' (LEMOA) is likely to be signed during Defence Minister Manohar Parrikar's visit to the US, starting August 29. The agreement was

1 comment:

  1. The indian Railway Recruitment Board has issued a notification for filling up of 18,252 non-technical graduate posts for various zonal railways/ production units