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Gujarat MLAs spent on average Rs 27 lakh on campaigning for December 22 polls
-- The MLAs who won the December 2022 Gujarat Assembly elections spent on average Rs 27.10 lakh or 68 percent of the expense limit on campaigning, a report prepared by the Association of Democratic Reforms (ADR) said on Friday.
-- Under the Representation of the People Act, winning candidates are required to file election expenditure statements within 30 days of results. In the case of Gujarat elections, the deadline was January 8, 2023.
-- An analysis of these affidavits by the ADR showed that the 156 MLAs of the ruling Bharatiya Janata Party (BJP) spent an average of Rs 27.94 lakh.
Max Fin reports Q4 earnings:
-- Individual APE up 38.6% at Rs 2,514 crore vs Rs 1,814 crore (YoY)
-- Total APE up 39.9% at Rs 2,538 crore vs Rs 1,814 crore (YoY)
-- Renewal premium up 8.4% at Rs 5,834 crore vs Rs 5,381 crore
-- Gross Written Premium up 14.4% at Rs 9,154 crore vs Rs 7,999 crore
JUST IN:
Firing outside Islamabad High Court, no casualty reported
NIA files third supplementary chargesheet in Mundra Port Case
The National Investigation Agency (NIA) filed its third Supplementary chargesheet today, against another accused in the Mundra Port case related to the seizure of 2988 kg heroin. The consignment was smuggled into India from Afghanistan via Bandar Abbas, Iran in 2021. With this, a total of 42 individuals and 7 firms have so far been charge-sheeted in the case.
Twitter's next CEO is ex-NBCUniversal ad chief Linda Yaccarino
Linda Yaccarino modernized the Comcast Corp entertainment and media division's advertising business and had been in talks for the job before NBC announced her departure Friday morning.
Since Musk acquired Twitter in October, advertisers have fled the platform, worried that their ads could appear next to inappropriate content after the company lost nearly 80% of staff. Musk earlier this year acknowledged that Twitter suffered a massive decline in ad revenue.
Her exit is another big blow to NBCUniversal. Last month, NBC parent Comcast CMCSA.O said NBCUniversal CEO Jeff Shell was leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation.
Advertising President Mark Marshall will step in as interimchairmanof NBCUniversal's advertising and partnerships group. Marshall was named president of ad sales and partnerships in 2018, overseeing NBC's broadcast entertainment, sports and advanced advertising sales. (Reuters)
DRI seizes smuggled gold worth Rs 14.43 crore from Chennai this week
-- In two separate operations conducted this week at Chennai, the Directorate of Revenue Intelligence (DRI) has seized 23.34 kilograms of smuggled foreign gold totally valued at Rs 14.43 crores that were attempted to be smuggled into the country through Chennai international airport.
-- Both persons including a Sri Lankan national have been arrested and remanded to judicial custody.
India’s energy sector needs to grow 3 times by 2050: Chandrasekaran
“India is best when it comes to digital, energy and supply chain. For the energy sector, the need for growth is three times by 2050 and India will deliver,” says N Chandrasekaran, Chairman, Tata Sons.
India-EU Trade & Technology Council meet to be held in Brussels on May 16
The first ministerial meeting of the India-EU Trade and Technology Council (TTC) will be held in Brussels on 16 May that is expected to deliberate on cooperation in areas of critical technologies like artificial intelligence, quantum computing, and semiconductors.
The meeting will be co-chaired on the Indian side by External Affairs Minister S Jaishankar, Commerce and Industry Minister Piyush Goyal, and Communications and IT Minister Ashwini Vaishnaw.
Air India response to DGCA action:
“We acknowledge and accept the DGCA’s ruling. However, we reject the assertion that no action was taken by Air India in response to the complaint. There were a number of allegations which needed to be worked through with due process and confidentiality, and which commenced immediately upon the complaint being lodged.”
We don't want badla, we want badlav: JP Nadda
At a book launch event in Delhi, BJP national president JP Nadda speaks on West Bengal; he says, "We don't speak of 'Badla' but 'Badlav'. We want a change there (West Bengal). With your strength, we will be able to do it...They (TMC) speak of 'Ma Mati Manush'. But neither 'Ma' nor 'Mati' survived, 'Manush' perished..."
India is a focus market, says KLM Royal Dutch Airlines
-- KLM Royal Dutch Airlines on Friday said India is a focus market for the carrier as it introduced a new class for travellers on its flights between various Indian cities and Amsterdam.
-- The airline is part of the Air France-KLM Group, which recorded passenger traffic of one million on Indian routes in 2022.
-- India is the world's third largest and one of the fastest aviation markets in the world.
Delhi reels as max temperature soars to 44 degrees Celsius
-- Delhi reeled under sweltering heat as the maximum temperature soared to 44 degrees Celsius -- the season's highest -- on Friday.
-- Head of the Indian Meteorological Department’s regional weather forecasting Centre in Delhi, Kuldeep Srivastava, said this is the highest temperature of the season so far.
-- Delhities need to brace themselves for the warmer days ahead as the MeT office has predicted similar conditions for Saturday.
-- The heatwave conditions are expected at isolated places, he added.
JUST IN:
Indian boxer Deepak Bhoria wins bronze in men’s 51 kg category at World Championships.
JUST IN:
GY Aviation Lease, a lessor of SpicJet, has requested to deregister and export two more BOEING 737-8 aircraft from India, a DGCA official informed.
Air India fined for letting passenger enter cockpit
DGCA has imposed a fine of Rs 30 lakh on Air India for allowing a passenger inside the cockpit of a Delhi-Dubai flight.
Canara Bank penalised by RBI
The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.9 crore on Canara Bank
ALERT:
Centre revises colonial-era Prison Act; finalises comprehensive 'Model Prisons Act, 2023'.
CCI wants to probe Google’s user choice billing policy
-- The Competition Commission of India (CCI) on May 12 said that an inquiry needs to be made into Google’s user choice billing policy.
-- CCI wants to check if the tech giant has complied with its directions in its October 2022 order where the anti-trust watchdog had asked Google not to restrict app developers from using third-party billing system.
News Alert
Indian boxer Mohammad Hussamudin (57 kg) of India leaves the World Championships with a bronze medal after pulling out of the semifinal match due to a knee injury.
Breaking
DGCA suspends license of Air India Pilot in command who allowed woman friend into cockpit.
DGCA finesAir India Rs 30 lakhs for not properly reporting the incident and effectively addressing the safety sensitive issue.
News Alert
India’s April core CPI inflation falls to 5.2% from 5.8% in March, asper Moneycontrol calculations.
India’s IIP growth in March falls to 1.1% from 5.8% in February
India’s IIP growth of 1.1% in March is well below consensus estimate of 3.2%.
The IIP growth of 1.1% is lowest in five months.
India’s CPI inflation falls to 4.70% in April from 5.66% in March
India’s CPI inflation in April of 4.70 percent has been lowest in 18 months. Further, CPI inflation of 4.70 percent is largely in line with the consensus estimate of 4.8 percent.
News Alert
Maharashtra Congress President Nana Patole met Congress leader Rahul Gandhi in Delhi on May 12.
News Alert
“Delhi govt has partnered with University of Chicago Trust to combat vehicular pollution. The collaboration aims to design and evaluate innovative policy interventions through the establishment of a research unit in city,” EPIC India said in a statement.
News Alert
Islamabad High Court bars authorities from arresting Imran Khan till May 17 in any new case, reported Pakistan's Geo News.
He has been granted bail in all cases.
News Alert
Shahrukh Saifi, the accused in the Kozhikode Elathur train attack case, has been placed in judicial custody until May 27 by a special NIA court in Kochi.
News Alert
Islamabad High Court grants bail to Imran Khan in Al-Qadir Trust case for 2 weeks, reported Pakistan's Geo News.
News Alert
NCLAT defers hearing of lessors appeal against Go First insolvency to May 15.
News Alert
“On May 12, TRAI has issued a direction to stop misuse of Message Templates, under Telecom Commercial Communication Customer Preference Regulations, 2018 (TCCCPR-2018). This is in continuation of its earlier Direction dated 16th February 2023 to stop misuse of Headers and Message Templates,” said Telecom Regulatory Authority of India (TRAI).
It added, “TRAI has directed all the Access Providers that the use of more than three variable parts in the contents shall be permitted only with proper justification and additional checks. TRAI has mandated that Access Providers shall have to designate a separate approving authority for such content templates.”
Nikki Yadav murder case
Six accused are named in a charge sheet filed in court in Dwarka by the Delhi Police. The charge sheet has been submitted under IPC sections 302, 201, 202, 212, and 120B. The charge sheet is 576 pages long in total. The matter will be up for discussion in court on May 25.
Live News: SC issues notice Tamil Nadu and West Bengal over ban on screening of Kerala Files
SC issues notice to Tamil Nadu and West Bengal. SC asks Tamil Nadu to file an affidavit on what arrangements are being made in case of a law and order problem. Case to come up next week
News Alert
CJI DY Chandrachud commented on the ban on The Kerala Story in West Bengal and said, "The Kerala Story has been running in rest of the country, why should the film be banned in West Bengal? People will decide on whether the film is good or bad"
Live News: Boeing India President Salil Gupte speaks on Go First crisis
"It's always sad to see an airline struggle. There are always some ups and downs, we certainly hope the best for them and everyone who does business with it," Boeing India President Salil Gupte said
Live News: Former Pak PM Imran Khan appears before Islamabad HC
-In the courtroom, the bench got up and left on the shouts of the lawyers, reports Pakistan's Samaa News
-"There is a fear that I will be arrested again as soon as I leave the High Court," PTI chief Imran Khan said according to Pakistan's Samaa News
Live News: CBSE Results declared
Prime Minister Narendra Modi congratulates students after the declaration of CBSE Class 12 results
News Alert
CBSE class 10, 12 exams for next year to be conducted from February 15, 2024 says Exam Controller Sanyam Bhardwaj
Live News: "India's development is a conviction and commitment for us" says PM Modi
PM Modi addressed the citizens of Gujarata and said at an innaugration ceremony in Gandhinagar,
"India's development is a conviction and commitment for us and nation-building is a continuous responsibility that we work to fulfil. When the poor are less worried about the basic needs of their life, then their confidence increases"
Live News: Here's how the batch of 2022-23 performed in the Class X Exams
-93.12 per cent students passed the exam,
-The pass percentage went down by 1.28% points since last year.
-Girls outperformed boys in the exams this year
- Nearly 1.34 lakh students were placed in compartment category.
Live News: How Class 12 students fared in the boards ?
-The overall pass percentage stands at 88.30%.
-Trivandrum region tops with 99.91 pass percentage.
-Girls outshine Boys by 1.98% with 94.25 pass percentage.
News Alert
Central Board of Secondary Education (CBSE) class 10 exam results announced.
Live News: Wrestler's protest updates
SIT constituted to probe sexual harassment allegation against WFI president Brij Bhushan Singh: Delhi Police informs special court
News Alert
Delhi Police records statement of WFI chief Brij Bhushan
Live News: PM inaugrates projects worth Rs 4,400 crores
Prime Minister Narendra Modi inaugurates and lays the foundation stone of various projects worth around Rs 4,400 crores in Gujarat.
Live News: Go First insolvency case
Lessor in rejoinder arguments says the cost of Go First will incur huge costs because of insolvency. They will incur $4.2 million towards CIRP costs
News Alert
Islamabad High Court issues stay order on Imran Khan's indictment in Toshakhana case
Live News: Go First Insolvency hearing
Senior Advocate Ritin Rai appears for the resolution professional, Abhilash Lal, says the lessors should not have come in appeal, but should instead have filed an application in the NCLT
'Possession of aircraft is required to revive the company. If the lessors take away the aircraft nothing will survive or Go First,' says Senior Advocate Ritin Rai
Live News: Former Pak PM reaches Islambad HC in Al Qadir trust case
Pakistan's ex-prime minister Imran Khan reaches Islamabad High Court for pre-arrest bail in graft case
Live News: Aviation Working Group writes to GoFirst IRP, seeking return of aircraft
The Aviation Working Group (AWG) - a non-profit body of aircraft manufacturers, lessors and lenders has written to Go First’s interim resolution professional (IRP) Abhilash Lal, as per news reports.AWG is seeking return of aircraft to lessors as per its charter.
AWG's letter to Go Airline IRP states:
“Actions in the GoFirst insolvency proceedings may affect India’s score, positively or negatively, on the CTC compliance index, depending on whether such actions are compliant with India’s CTC-treaty commitments. (This) would have a direct and material impact on future financings and leases to Indian airlines.”
Live News: Go First Insolvency hearing
Go First says the company approached NCLT with good intentions to ensure 7000 employees are protected.
