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Telangana CM unveils logo for 10th state formation day celebrations
As the Telangana government is set to organise the state's 10th formation day celebrations on a grand scale spanning 21 days from June 2, Chief Minister K Chandrasekhar Rao on Monday unveiled the official logo for the events reflecting the state's existence and the progress achieved in the last decade. Lift irrigation projects like the one in Kaleswaram, electricity, agriculture, 'Mission Bhagiratha' (scheme which provides purified potable drinking water through taps to every household), Yadadri temple (abode of Lord Lakshmi Narasimha Swamy), Metro rail, T-Hub (Telangana's innovation ecosystem), the new Secretariat named after B R Ambedkar and a 125-feet tall statue of the architect of India's Constitution are incorporated in the official logo prepared by the state government as per the directions of the Chief Minister, an official release said here.
Crew of INSV Tarini to be welcomed by Navy in Goa for historic circumnavigation
A grand flag in ceremony to welcome the trans-ocean inter-continental voyage by the crew of INSV Tarini will be held on Tuesday at the Indian Naval Watermanship Training Centre (INWTC) in Goa. A Navy spokesman said the six-member crew, including two women officers, will be honoured in a ceremony that will be graced by Union Women and Child Development Minister Smriti Irani, Goa Chief Minister Pramod Sawant, Chief of Naval Staff Admiral R Hari Kumar and ex-captain of the Indian women's hockey team Rani Rampal.
G20 event in Kashmir kicks off amidst tight security; Delegates given rousing welcome
Delegates of all G20 countries, barring China, arrived in Srinagar on Monday for the third working group meeting on tourism - a much-anticipated event for which authorities have made extensive security arrangements and spruced up the summer capital of Jammu and Kashmir. The delegates were given a traditional Indian welcome at the Srinagar airport with performances by local artistes, and the three-day meet kicked off with a side event on 'Film Tourism for Economic Growth and Cultural Preservation'.
WhatsApp allows users to edit messages
WhatsApp has granted users one of its most awaited features - the ability to edit messages. "For the moments when you make a mistake or simply change your mind, you can now edit your sent messages on WhatsApp," the Meta Platforms Inc-owned messaging app said in a blog post on Monday. With the feature rolling out globally in the coming weeks, senders will be able to modify their messages within 15 minutes of hitting send.
Cough syrup exporters need to undertake product testing at govt labs from June 1
Cough syrup exporters will have to undertake testing of their products at specified government laboratories from June 1 before getting permission for the outbound shipments. The direction has come after quality concerns were raised globally for cough syrups exported by Indian firms. "The export of cough syrup shall be permitted to be exported subject to export samples being tested and production of certificate of analysis issued by any of the laboratories", with effect from June 1, 2023, the Directorate General of Foreign Trade (DGFT) said in a notification on Monday.
Modi showcases India as 'reliable' partner of Pacific island nations; unveils 12-point development plan
A friend in need is a friend indeed, Modi told top leaders of 14 Pacific Island nations at a summit, assuring that India is ready to share its capabilities and experiences with the region "without any hesitation" and that "we are with you in every way." At the FIPIC (Forum for India-Pacific Islands Cooperation) summit, Modi also unveiled for the region a 12-point development programme in areas of healthcare, cyberspace, clean energy, water and small and medium enterprises.
NEWS ALERT:
Indian fighter jets, marching contingent to take part in French National Day parade with PM Modi as main guest
NEWS ALERT:
Prime Minister Narendra Modi was not in favour of Rs 2000 notes, gave reluctant permission as demonetisation had to be done in a limited time, Nripendra Misra PM Modi’s former advisor
Delhi High court seeks BBC response in Modi documentary defamation case
The Delhi High Court on Monday issued a notice to British broadcaster BBC seeking its response in a defamation case over a documentary on Indian Prime Minister Narendra Modi that questioned his leadership during the 2002 Gujarat riots. The documentary, "India: the Modi question", focused on Modi's leadership as chief minister of the western state during riots in 2002 in which at least 1,000 people were killed, most of them Muslims. Activists put the toll at more than twice that.
Western Railway completes metal fencing on 357 route kilometres, reduces cases of cattle being run over
The Western Railway has completed the work of erecting metal fencing on 357 route kilometres between Mumbai and Ahmedabad, helping reduce cases of cattle being run over by trains, according to official data accessed by PTI. The railway zone began the work around January this year in order to curb incidents of cattle being run over by trains in the busy section, in which the semi-high-speed Vande Bharat Express also runs.
We are aiming at withdrawing AFSPA completely from Assam by the end of 2023: Himanta Biswa Sarma
Himanta Biswa SarmaWHO assembly approves $6.83 billion budget
Member states of the World Health Organization on Monday approved a $6.83 billion budget for the next two years which includes a 20% hike in their mandatory fees. The proposal for the 2024-2025 budget passed with no objections and was met with lengthy applause. Director-General Tedros Adhanom Ghebreyesus described the step as "historic and a big milestone". "We don't take it lightly, and we don't take it for granted, and we'll do everything that we can to make this organization better," he added.
Delhi Traders see rush of customers with Rs 2000 currency notes
Traders in the national capital are amused as the majority of customers are bringing only Rs 2000 currency notes while UPI payments have declined. Traders said that they are accepting Rs 2000 currency notes even as many people are buying stuff of just Rs 100-200 to get rid of the currency notes after the Reserve Bank in a surprise move on Friday announced the withdrawal of the note from circulation. A trader in Sarojini Nagar market said that he hadn't seen Rs 2000 currency notes in past months but now every other person is bringing this currency note for buying goods
G20 group recognises importance of inclusive, collaborative decision-making to foster innovation in startups
An engagement group under the G20 recognised the importance of inclusive and collaborative decision-making processes to foster innovation and growth in the global startup community, India's Startup20 chair Chintan Vaishnav said on Monday. According to an official statement, the first draft of the core recommendation and policy directives of the policy communique is now available for public comment. Chintan further stressed the significance of widespread participation in shaping policies that will directly impact the startup ecosystem on a global scale, the statement said.
Imran Khan receives luxury tax notice of PKR 14 lakhs for Lahore residence
The challan issued by the Department of Excise and Taxation to the Pakistan Tehreek-e-Insaf (PTI) chief for the payment of Rs 14,40,000 for his Zaman Park residence, where he currently resides, is to be paid by Monday when the last date to submit it was May 12, Geo News reported Khan submitted a record of the house sought from him last month, the provincial tax collecting authority said, and after estimation, a luxury tax challan was sent to the cricketer-turned-politician, who received the notice.
SC to hear on May 26 bail plea of former Delhi minister Satyendar Jain in money laundering case
The Supreme Court Monday said it will hear on May 26 the petition of former Delhi minister Satyendar Jain seeking bail in a money laundering case being probed by the Enforcement Directorate. A bench of Justices Aniruddha Bose and Sanjay Karol agreed to list the matter for hearing on May 26, after senior advocate Abhishek Singhvi, appearing for Jain, sought urgent listing of the plea on health grounds.
Prevent deaths during cleaning of sewers or face action, CM Stalin warns officials
Tamil Nadu Chief Minister M K Stalin on Monday warned officials of stringent action if deaths occurred during the cleaning of sewers and cesspools, and directed municipal administration officials to work with commitment and a sense of humaneness to prevent deaths of workers. Though the state has excellent growth indicators, it is very distressing that deaths still occur during the cleaning of sewers or cesspools, he said and sought appropriate measures to end this injustice.
ISRO to launch NVS-01 navigation satellite on May 29
The Indian Space Research Organisation (ISRO) will launch navigation satellite 'NVS-01' onboard its Geosynchronous Satellite Launch Vehicle (GSLV) from Sriharikota in Andhra Pradesh on May 29. The mission is designed to deploy the NVS-01 navigation satellite, weighing 2,232 kilograms, into a Geosynchronous Transfer Orbit (GTO).
'The Kerala Story' reaches Rs 200 crore mark at India box office
"The Kerala Story" has raised Rs 200 crore at the India box office, the makers said Monday. In a press note, production house Sunshine Pictures said "The Kerala Story" has touched Rs 200 crore net at the Indian box office and continues to grow across the country. Directed by Sudipto Sen and fronted by Adah Sharma, the Hindi movie released in India on May 5.
Subscription-based aviation startup IndiaJets launches operations in India
Subscription-based aviation startup IndiaJets has announced the launch of its operations in India with an aircraft membership programme. Based on the timeshare model, the platform is tailor-made for business owners and senior management professionals, offering them the benefits of a private aircraft at their disposal without having to own one, IndiaJets said in a statement. IndiaJets is a brand owned and operated by Prive Avion Alliances Pvt Ltd. Prive Avion was founded by John Kuruvilla along with T G S Gupta and Rajesh Rajan in October last year.
Delhi's Najafgarh recorded the highest maximum temperature of 46.2 °C
Narela and Pitampura recorded 45.3°C and 45.8°C respectively. Ayanagar recorded 44.4°C and Palam recorded 44.2°C: IMD
RBI Guv addresses board members of PSU banks on governance, ethics
Reserve Bank Governor Shaktikanta Das on Monday met the board of directors of all public sector banks to discuss issues related to governance and ethics. The one-day interactive meeting was organised by the Department of Supervision of the Reserve Bank of India. Das addressed the directors -- both whole time and independent -- on issues related to governance, ethics and the role of the boards in assurance functionalities of the banks, besides highlighting the supervisory expectations, sources said.
Indian economy is slowly but surely recovering. Yet there is no room for complacency
A gradual normalisation of the hit from the pandemic and the war is setting in. An environment of low and stable prices is necessary for strengthening the foundations and resilience of this recovery. Eternal vigil with a readiness to act is its price.
RBI Bulletin Update, May 2023
In the first quarter of 2023-24, growth is expected to be driven by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing on easing of input cost pressures
Chhattisgarh liquor 'scam': ED attaches assets worth over Rs 121 crore of IAS officer Tuteja, Raipur mayor's brother
Assets worth more than Rs 121 crore of Anwar Dhebar, the elder brother of Raipur Mayor Anwar Dhebar, IAS officer Anil Tuteja, former MD of Chhattisgarh State Marketing Corporation Ltd. Arun Pati Tripathi and others have been attached in the alleged liquor scam-linked money laundering case, the ED said Monday. The properties, provisionally attached under the Prevention of Money Laundering Act (PMLA), include 14 properties of Tuteja worth Rs. 8.83 crore, 69 properties of Anwar Dhebar worth Rs 98.78 crore and one asset of Tripathi worth Rs 1.35 crore, the federal agency said in a statement.
Govt chalking out comprehensive strategy for tourism growth in Kashmir: Reddy
Film tourism has emerged as a powerful medium to promote the tourism industry and the government is chalking out a comprehensive strategy for its growth in Jammu and Kashmir, Union Minister G Kishan Reddy said on Monday. He said tourism helps in creating employment opportunities in hospitality and gastronomy. "We are chalking out a comprehensive strategy for tourism growth. Film tourism has emerged as a powerful medium to promote tourism, to promote a destination,"Reddy, the Minister for Culture and Tourism, said.
Sebi moots proposal to strengthen investor grievance mechanism
Capital markets regulator Sebi is looking to strengthen the investor grievance handling process through the SCORES system and integrate the same with the online dispute resolution mechanism. The proposal is aimed at making the entire redressal process of grievances in the securities market comprehensive by providing an end-to-end solution and the process more efficient and faster by reducing timelines and introducing auto-routing and auto-escalation.
Manipur violence update:
-- Abandoned houses set ablaze by miscreants in New Lambulane area in Imphal, Manipur.
-- Security personnel rushed to the spot.
Kohli among first batch of players to leave for WTC final
Virat Kohli will be among the first batch of India players to leave for the World Test Championship (WTC) final against Australia in London, departing in the wee hours of Tuesday. Kohli's Royal Challengers Bangalore teammate Mohammad Siraj will also board the same flight, a day after their team was knocked out of the IPL. Spinners R Ashwin and Axar Patel, and all-rounder Shardul Thakur, will also be on the flight as well as the team's support staff led by Rahul Dravid.
News Alert: Prime Minister Narendra Modi arrives in Australia on the last leg of his three-nation tour
Meta hit with record $1.3 billion fine over data transfers
Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users' data to the United States. The fine, imposed by Ireland's Data Protection Commissioner (DPC), came after Meta continued to transfer data beyond a 2020 EU court ruling that invalidated an EU-U.S. data transfer pact. It tops the previous record EU privacy fine of 746 million euros handed by Luxembourg to Amazon.com Inc in 2021.
Manipur Violence: Violence flares up again, army called in – curfew imposed in Imphal
Army and paramilitary forces have been sent to the spot to control the situation. It has been reported that there was a dispute over a place in a local market in New Chacon area. This dispute resulted in a fight between the Meitai and Kuki communities. The matter escalated gradually, after which reports of arson have come to the fore. At present, curfew has been imposed in the area. Further details awaited.
Indian rupee hits 13-week low tracking dollar strength
The Indian rupee hit a 13-week low on Monday, weighed down by broad strength in the dollar, while markets looked for developments on the U.S. debt ceiling and the trajectory of rate hikes in the world's largest economy. The rupee ended down 0.2% at 82.8275 to the U.S. dollar, compared to its close of 82.66 in the previous session. It had touched its lowest since Feb. 27 at 82.85, early in the session. The spike in the dollar index has changed the trading range for the rupee to 82.50-83 from its long-time range of 81.60-81.90, said Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors.
NEWS ALERT: Veteran actor Sarath Babu passes away
As per the reports, age related complications resulted in the sudden demise of Sarath Babu. He was 71 years old
WeWork India appoints ex-SoftBank India country head Manoj Kohli as Ind Director
Co-working major WeWork India on Monday said it has appointed Manoj Kohli, former country head of SoftBank India, as an independent director to its Board. Anthony Yazbeck, President and Chief Operating Officer, WeWork Inc, will also join the Board. WeWork India CEO Karan Virwani said, "In the past few years, WeWork India has grown significantly and proven to be a profitable and scalable business. Manoj's experience in managing and growing businesses of scale and charting their exponential growth will be an invaluable asset for the business as well as me".
PM Modi conferred with Papua New Guinea, Fiji's highest honour
Prime Minister Narendra Modi was on Monday conferred with the highest honours of Papua New Guinea and Fiji, in a rare recognition for a non-resident in the two Pacific island nations. Modi was in Papua New Guinea on Sunday on his maiden visit to the country to host a key summit between India and 14 Pacific island countries to boost bilateral ties.In a special ceremony at the Government House, Sir Bob Dadae, Governor-General of Papua New Guinea, conferred Prime Minister Modi with the Grand Companion of the Order of Logohu (GCL), the Ministry of External Affairs (MEA) said in a statement.
Sri Lanka to complete domestic and external debt reworking by September: President Wickremesinghe
President Ranil Wickremesinghe has said that Sri Lanka's debt restructuring programme will be completed by September this year and its bankrupt economy will be brought to a stable level, a media report said on Monday.
Debt-ridden Sri Lanka is still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April last year.
Satyendar Jain's health update
Jailed AAP leader and former Delhi minister Satyendar Jain was on Monday examined by doctors at the Safdarjung Hospital here for a spine problem, an official told PTI.
Lodged at Delhi's Tihar Jail since his arrest in connection with a money laundering case last year, Jain was taken to the Deen Dayal Upadhyaya Hospital on Saturday but as he wanted a second opinion, he was taken to the Safdarjung Hospital, a senior jail official said.
Jain was arrested by the Enforcement Directorate (ED) on May 31, 2022, in connection with a money laundering case.
(From PTI)
US President Biden honours Indian-origin NYPD officer with Medal of Valour
A 27-year-old Indian-origin New York Police Department (NYPD) officer and nine others were honoured by US President Joe Biden with the Medal of Valour, the country's highest award for public safety officers.
Sumit Sulan was honoured at a White House ceremony on Wednesday for shooting a convicted felon who killed two of his colleagues when the trio were investigating a domestic-violence call in New York City in January.
Rishi Sunak meets Narendra Modi
British High Commission in Delhi issued a press statement on the meeting between PM Modi and UK PM Rishi Sunak, says:
British PM Rishi Sunak met the PM of India, Narendra Modi at the G7 Summit in Japan. PM Modi passed on his warm congratulations on the coronation of his Majesty King Charles III. The leaders reflected on the deep ties between the UK and India, rooted in our human connections, and the vital importance of democracy and fair and open trade.
They discussed progress on a UK-India Free Trade Agreement. The leaders agreed that their teams would continue to work at pace to finalise an ambitious and mutually beneficial deal. The leaders discussed the wider objectives of the G7 Summit and the Prime Minister committed his strong support for India’s G20 Presidency, which comes at a crucial time for global security and prosperity. He looked forward to working closely with Prime Minister Modi ahead of a successful Summit later this year.
(From ANI)
NCLAT upholds Go First's insolvency, lessors asked to move to NCLT
The National Company Law Appellate Tribunal (NCLAT) on May 22 upheld Go First's insolvency in a plea by aircraft lessors.
The lessors have been asked to move to NCLT to move the appropriate application.
The aircraft lessors to Go First, such as SMBC aviation capital, SFV aircraft holdings and GY Aviation Lease, challenged the order of National Company Law Tribunal (NCLT) admitting the cash-strapped airline's plea for insolvency. The lessors argued at the NCLAT that Go First is using the insolvency proceedings to hold on to aircraft that it does not own.
Have issued heatwave alert for today for south Haryana, Delhi, south UP, north MP, Jharkhand, Bihar and Bengal: IMD scientist Soma Sen Roy
We have issued a heatwave alert for today for south Haryana, Delhi, south UP, north MP, Jharkhand, Bihar and Bengal. Tomorrow, heatwave alert is not given for any place other than Jharkhand," says IMD scientist Soma Sen Roy
"Yes, there is a strong possibility that is likely," she told ANI when asked if there will be relief from the heatwave from tomorrow.
Papua New Guinea PM says Pacific Islands nations are victims of global powerplay and these countries will rally behind Indian leadership at world forums
Speaking at the event, Papua New Guinea Prime Minister James Marape said that they are victims of global powerplay. He said that Pacific Islands nations will rally behind Indian leadership at global forums.
Mr Marape also urged Mr Modi to be an active voice for the small island nations at global forums such as G20 and G7 attributing him as the leader of Global South.
Around leaders of 14 countries participated in the summit held at APEC House located on the shores of Ela Beach in Port Moresby. APEC House is designed to host world leaders for Asia-Pacific Economic Cooperation meetings. FIPIC was launched during Modi's visit to Fiji in 2014.
(From All India Radio)
Another big blow for Sri Lanka
Sri Lanka's apparel exports hit new lows as April performance fell sharply by 24 percent as against last year. The exports for the month were valued at $318 million. Cumulatively, the performance in the first four months declined Year on year by 17 percent to $1.5 billion.
Apparel exports to the US, EU and UK markets decreased by 25.5 to 27.5 percent.
Apart from higher inventories in markets, industry analysts said Sri Lanka has also become expensive for apparel sourcing as compared to other countries.
(From DD News)
Black money finds no mention in RBI Governor Das' address on Rs 2,000 notes
The issue of black money found no mention in Reserve Bank of India (RBI) Governor Shaktikanta Das' briefing on the withdrawal of Rs 2,000 notes.
In an impromptu address to the media on May 22, Das said that the May 19 decision to withdraw the notes was a result of the RBI's currency management given that the high-denomination note had served its purpose.
In his briefing, Das did not offer black money reduction as an objective of the decision and instead focussed on the falling use of the note and the end of its normal life.
Adani stocks head for best day since Hindenburg report
Adani Group shares surged on Monday, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research.
The 10 Adani stocks have added about $10 billion to their market value in today’s session so far, poised to be the biggest increase since Hindenburg’s scathing report in January. Flagship Adani Enterprises Ltd. surged more than 17%, adding to its 3.5% gain on Friday.
News Alert
Bombay HC extends Sameer Wankhede's interim protection against coercive action in bribery case till June 8
News Alert
NCLAT reserves order onJalan Kalrock Consortium’s application to stop SBI from encashing their PBG, after their missed their May 15 deadline. The order is expected to be pronounced next Tuesday.
Ministry of Finance releases Monthly Economic Review for April 2023
Dig in for the highlights, here:
- Rural demand is gaining momentum
- See downside risks to growth, upside risks to inflation
- Sticky core inflation moderated significantly, near 3-year low
- Food inflation likely to be low in coming months
- See risks on growth, CPI, external sector, weather fronts
- Domestic demand strong in Indian economy
- Consumption has shown steady, broad-based growth
- Investment in capacity creation, realty gaining traction
- April too early to forecast economic outcome for full year
- Corporates have started investing in new capacities
- Telecom, business services may boost services sector growth
- Calibrated pulses release from buffer stock to ease prices
- Price of commodities, barring precious metals, to ease fy24
- Weak oil supply, high demand from china may pose risk to CPI
- Need to monitor prices of El Nino impact sensitive items
- Rural demand likely to rise on construction activity
- See capex up as inflation recedes, demand strengthens
- Weak rains may not impact crops as water level adequate
