The NDA government is seeking the opinion of the railway ministry on scrapping presentation of the annual Railway Budget. In a 20-page note to the Prime Minister’s Office, Niti Aayog argued the exercise has failed to come of any use to the sector and has become a “mechanism to announce[Read More…]
Author: Newsd
Premature PPF withdrawal allowed after 5 years
Public Provident Fund (PPF) holders can prematurely close the deposit scheme for reasons such as higher education or expenditure towards medical treatment, the finance ministry said on Monday. The ministry said such premature closure shall be allowed only after the account has completed five financial years. Earlier you were not[Read More…]
Mark Zuckerberg to get more control over Facebook
Facebook has approved the creation of 5.7 billion new shares of Class C stock that will keep its CEO Mark Zuckerberg in control as long as he is associated with the firm. The decision, taken at its annual shareholders’ meeting on Monday, gives Zuckerberg power to give away his wealth[Read More…]
Rahul Gandhi brings light
Harshitha C, a visually impaired Mount Carmel College student who spearheaded an initiative to scrap import duties on specialised equipment for the blind, passed her Bcom examinations with distinction in all subjects. She has received a congratulatory letter (accessed exclusively by Newsd) from Congress vice-president Rahul Gandhi which reads, “As[Read More…]
SoftBank President Nikesh Arora quits
President and chief operating officer of Japan’s SoftBank Corp. Nikesh Arora, will step down from the telecom giant effective June 22, the company said on Tuesday. Arora was the third-highest-paid executive in the world last year, according to Bloomberg. He earned about 16.6 billion yen ($135 million) between joining the[Read More…]
UNCTAD pegs India 10th in FDI inflows
Due to the surge of investments in the first four months of 2016, India remains in the top ten countries attracting foreign funds, according to the United Nations Conference for Trade and Development’s new World Investment Report 2016. In 2015, India reached a high of $44 billion in foreign direct[Read More…]
CEA Arvind Subramanian is Swamy’s new target
After getting his way with Reserve Bank of India governor Raghuram Rajan, BJP leader Subramanian Swamy is going after chief economic advisor Arvind Subramanian. “Sack him!!!” read his tweet this morning. Who said to US Cong on 13/3/13 the US should act against India to defend US Pharmaceuticals interests? Arvind[Read More…]
Kairana migration is a law and order issue, not communal: Sanjeev Balyan
Union Minister of State for Agriculture and Farmers Welfare Sanjeev Kumar Balyan on Monday on Monday said as per the BJP report on Shamli district’s Kairana migration issue, some Muslim families besides those of Hindus have moved out of Kairana mainly due to law and order problems. “It is a[Read More…]
Lokayukta police can file chargesheets or final reports: Karnataka High Court
The Karnataka High Court on Monday said Lokayukta police can file chargesheets or final reports in the cases filed by them prior to the creation of the Anti-Corruption Bureau (ACB). The court authorized them to carry on with probe in 747 pending cases. The move came after a PIL stated,[Read More…]
Delhi to soon get Journalism & teachers’ Universities
Delhi deputy chief minister Manish Sisodia said he is “focusing on higher education in Delhi”. Sisodia said the national capital may soon get a teachers’ and a journalism university. While responding to a query, he said during the hiring process of new teachers, the priority will be given to guest[Read More…]
DJB Water tanker scam: ACB to interrogate Sheila Dikshit, Arvind Kejriwal
The Anti-Corruption Branch (ACB) on Monday filed an FIR in the ₹400 crore water tanker scam of Delhi Jal Board (DJB). The ACB will interrogate “both” Delhi chief minister Arvind Kejriwal and former chief minister Sheila Dikshit. ACB chief MK Meena said they received two complaints, one from Delhi’s water[Read More…]
68-year-old Durga Kami joins school to overcome loneliness after wife’s death
Durga Kami brushes his bushy white beard, puts on his school uniform and, with the aid of his walking stick, trudges for over an hour to class for another day of learning. Poverty prevented Kami finishing his studies as a child and achieving his goal of becoming a teacher. Now[Read More…]
India is monitoring Brexit developments: Govt
Union commerce minister Nirmala Sitharaman assured the government is tracking the developments of Britain’s referendum, scheduled on June 23, to leave the European Union. She said it will have a bearing on India’s trade with the European Union and the UK—currently, 15% of India’s imports are from the EU. With[Read More…]
In war-mode, Ola offers outstation, rental deals
Ola is introducing outstation rides and rental deals this month. The outstation facility will allow customers to book a cab two hours in advance for intercity travel while rental enables customers to rent a car on an hourly basis. Facing stiff competition from Uber, the taxi-hailing app may launch self-drive[Read More…]
Mumbai car density rises 56% in last 6 years: Govt data
The state transport ministries data has revealed that Mumbai has the highest number of private cars on roads among others. According to the data, Mumbai has 430 cars/km of road which has spiked almost 56% in last 6 years. Maharashtra’s Mumbai has the highest density of private cars on the[Read More…]
UP: RSS schools claim 30% increase in Muslim students
The Rashtriya Swayamsevak Sangh (RSS) has claimed that as many as 7,000 Muslim students are studying in 1,200 RSS schools in Uttar Pradesh and in last 2 years, an increase of 30% has been noticed during the BJP-led government at the Centre. The RSS said the kids have been following[Read More…]
Bihar: SIT recovers arms from class 12 toppers’ VR college
The Special Investigation Team (SIT) probing the Bihar topper scam on Sunday recovered a pistol and five live rounds during a raid at the office of the VR College principal Baccha Rai. A few days back, gold worth ₹20 lakh was found from Rai’s residence in Vaishali. On Friday, he[Read More…]
Saffron, red, green—Katharia does colourful U-turn
Minister of State in the human resource development ministry backtracked on his statement saying he meant the government will accept whatever is good for the nation, be it “Bhagwakaran or green or red colour”. Speaking to ANI, the BJP MP from Agra said, “I just said whatever is good for[Read More…]
DU rejects RTI query over PM Modi Degree information
The Delhi University (DU) has once again declined to provide information related to Prime Minister Narendra Modi’s degree, citing “privacy” reasons. It declined to respond to an RTI query filed by lawyer Mohammed Irsad, who demanded the information. Delhi chief minister Arvind Kejriwal said the mystery into the matter has[Read More…]
Hockey India rewards team for claiming silver medal in the Champions Trophy
India’s silver medal winning performance in the 36th Hero Champions Trophy has earned the players and team officials a reward from Hockey India. Immediately after the medal presentation, Narender Batra, President of Hockey India, went to the dressing room and announced the rewards. “Australia did well to win the title,[Read More…]
Centre to fund initiatives from unclaimed PF money
Niti Aayog is considering using unclaimed provident fund money to the tune of ₹43,000 crore to fund government initiatives like Swachh Bharat Abhiyan and Housing for All—these are delayed due to insufficient funds. While this money can be fuelled into any scheme, it needs to be secured as it can[Read More…]