Govt open to increase deposit insurance cap of 1 lakh, says FM Jaitley
Finance Minister Arun Jaitley today assured the Rajya Sabha that the government is considering putting in place a "much better" security measure for bank depositors and is open to suggestions for raising the deposit insurance limit from Rs 1 lakh currently.
The finance ministry also in a statement clarified "certain misgivings" about the FRDI Bill, saying the proposed legislation would not modify "adversely at all" the present protections available to depositors.
- Dec auto sales: Tata Motors total sales jump 52.48% to 54,627 units; Bajaj Auto sales up 30% YoY to 2.92L units; Ashok Leyland posts 79.41% YoY spike; Ford India sales up 27%
- Banks in process of filing 25 of 28 NPAs in NCLT
- 8% RBI bond scheme not closed, just interest rate reduced, says FinMin
- HC judge to probe Bhima battle anniversary violence, says Devendra Fadnavis; Dalit organisations call for Maharashtra bandh on Wednesday
- US blocks $255m military aid to Pakistan
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Former RAW chief Rajinder Khanna appointed Deputy NSA
Rajinder Khanna, a former chief of the country's external intelligence agency RAW, was today appointed the Deputy National Security Adviser (NSA), according to an official order. He headed the Research and Analysis Wing (RAW) from December 2014 for a fixed two-year period. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved the appointment of Khanna as the Deputy NSA on re-employment and on contractual basis, according to the order issued by the personnel ministry.
Agriculture Ministry directs all states and UTs to conduct 500 random sampling of milk every month at village level to detect adulteration. pic.twitter.com/W2t0o6mTGs— All India Radio News (@airnewsalerts) January 2, 2018
Govt notifies 1% GST on manufacturers under composition scheme
The government has notified lower 1 percent GST rates for manufacturers who have opted for composition scheme as well as easier norms for traders opting for it.
The finance ministry has notified the changes decided by the GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state counterparts, in November 2017. The notification stipulates that manufacturers who have opted for composition scheme will now have to pay 1 per cent Goods and Services Tax (GST) as against 2 per cent earlier.
Ex-RAW Chief Rajinder Khanna is named Deputy National Security Advisor
Shipping lanes in Indian Ocean should remain secure: India
India said today that it would be in China's interest that the shipping lanes in the Indian Ocean remain secure and asserted that the Indian Navy was keeping an eye on its key maritime areas.
In response to a question in the Rajya Sabha, Minister of State for Defence Subhash Bhamre said the Navy's deployments in the Indian Ocean have been "further structured" under the new mission-based deployment (MBD) concept.
Sanctions and “other” pressures are beginning to have a big impact on North Korea. Soldiers are dangerously fleeing to South Korea. Rocket man now wants to talk to South Korea for first time. Perhaps that is good news, perhaps not - we will see!— Donald J. Trump (@realDonaldTrump) January 2, 2018
Rs 39 lakh crore needed for infra in urban areas until 2032: Union Minister Hardeep Singh Puri
The investments required in urban areas for a 20-year period between 2012-13 and 2031-32 is estimated to be Rs 39 lakh crore, the government said today.
The Ministry of Housing and Urban Affairs has constituted a high-powered expert committee to provide an estimate of investments required for urban infrastructure services, including the maintenance and replacement, the minister of state for housing and urban affairs, Hardeep Singh Puri, said in the Lok Sabha.
Auto loan growth outpaces sales growth by wide margins: Report
A surge in the number of cars purchased with formal financing, coupled with factors like longer tenor loans and an uptick in used vehicle financing, has led auto financing growth outpacing the auto industry volume growth, says a report.
The auto loan growth has been coming in at 18-20 percent for leading financiers, while the auto industry reported a 6-7 percent surge in volumes, domestic brokerage Kotak Securities said today. (PTI)
Mumbai Protest update: Jet Airways and Air India have waived off cancellation charges from Mumbai due to situation in the state.
2017 safest year for post-war civil aviation: industry agencies
Last year was the safest year for civil aviation since plane crash statistics were first compiled in 1946, two industry studies have found.
A total of 10 crashes of civil passenger and cargo planes claimed 44 lives, said the Aviation Safety Network in a statement published yesterday.
Mumbai Protest update: All trains on the suburban railway network are running as normal.
2.30 lakh complaints registered on Swachhata App monthly: Government
On an average, 2.30 lakh sanitation and garbage-related complaints are registered every month on the 'Swachhata App', the government said today.
The mobile application was launched on August 6, 2016.
A central pillar of the RSS/BJP’s fascist vision for India is that Dalits should remain at the bottom of Indian society. Una, Rohith Vemula and now Bhima-Koregaon are potent symbols of the resistance.— Office of RG (@OfficeOfRG) January 2, 2018
Artificial Intelligence, Google Street View used to predict voting patterns
Stanford scientists have used an artificial intelligence system and publicly available data from Google Street View to predict income levels and voting patterns of neighbourhoods in the US.
The system analysed 50 million images from the street-scene feature of Google's mapping service. (PTI)
'Panic button' on mobiles: Trial to begin in Uttar Pradesh on January 26
A pilot project to test 'panic button' feature on mobile phones to ensure women safety will kick-start in Uttar Pradesh on January 26, Union minister Maneka Gandhi said today.
In April, 2016, the Department of Telecommunications had, through a gazette notification, made it mandatory for mobile manufacturers to provide panic buttons in cell phones by January, 2017.
The order said the phones will have to have the panic button in the form of numeric key 5 or 9 to invoke emergency calls. Smart phones without the facility of an emergency call, too, will have to have the same provision, or allow use of power on or off button as the panic button. (PTI)
Prakash Ambedkar: More than 250 organisations to support Wednesday's bandh, blames Hindu Ekta Aghadi
Bharipa Bahujan Mahasangh (BBM) leader Prakash Ambedkar has alleged that Hindu Ekta Aghadi is responsible for the violence.
Ambedkar also said that there will be Maharashtra bandh on Wednesday to protest the state government's 'failure' to stop the violence in Pune district on Monday, according to News18.
He also said that the Maharashtra Democratic Front, Maharashtra Left Front, besides 250 other organisations, will be supporting Wednesday's bandh.
Mumbai Protest update: More than 100 people have been detained from different locations, according to Mumbai Police PRO.
India can reach 17k MW renewable energy capacity by 2022: Government
India can reach a capacity of 17,000 megawatts in renewable energy by the year 2022, the Rajya Sabha was informed today.
During the Question Hour, Minister of state for power, new and renewable energy RK Singh said the share of renewable energy was progressively increasing in the Indian electricity mix. (PTI)
Mumbai Protests update: As a measure of caution, over 50 people have been detained in Mumbai, according to News18.
Ford India sales up 27% to 29,795 units in December
Ford India today reported 27 percent jump in total sales at 29,795 units in December.
The company had sold 23,470 units in the same month previous year, Ford India said in a statement.
Domestic sales were down 8.6 percent at 5,087 units last month as against 5,566 units in December 2016, it added.
Exports were at 24,708 units last month as against 17,904 units in the year-ago month, a growth of 38 percent.
BREAKING | Rajya Sabha passes IBC Amendment Bill
L&T bags Rs 1,454 crore contracts including one in Egypt
Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,454 crore including one in Egypt.
The Smart World & Communications Business Unit secured an order worth Rs 864 crore for implementation of five million Smart Meters across 16 cities of Uttar Pradesh and Haryana, the company said in a statement.
Besides, Power Transmission & Distribution Business has bagged orders worth Rs 568 crore from both international and domestic customers. (PTI)
Mumbai unrest update: Dalit organisations call for Maharashtra bandh on Wednesday, news reports suggest
Lok Sabha sends National Medical Commission Bill to Parliamentary Committee
The Lok Sabha today sent a contentious bill, which seeks to overhaul medical education and replace the Medical Council of India, to a standing committee and asked it to submit its report before the budget session.
The bill had triggered wide protests from doctors whose apex body had called for a strike today, as also the opposition parties. (PTI)
The government has finalised norms for electoral bonds. These will be bearer bonds without any interest component. Bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore.