Morning briefing: Parliament's stormy monsoon session begins today

| July 21, 2015


#parliament   #narendra modi   #congress   #infosys   #memon   #supreme court   #power   #electricity  

Parliament is set for confrontation between the Opposition-led by Congress and the government. The Narendra Modi government will be hauled up over Vyapam scam and Lalit Modi episode. External affairs minister Sushma Swaraj is likely to make a statement in the Parliament in respect of the allegations against her regarding Lalit Modi's travel documents. CPI leader and Rajya Sabha member D Raja has said that his party will give notice in the Upper House seeking suspension of business and discussion of scams be held. The government is also bracing itself for a stormy session and has decided to go for an aggressive counter attack.

1993 blasts convict Yakub Memon's final mercy plea hearing likely today

The curative petition of 1993 Bombay blasts convict Yakub Memon seeking commutation of his death sentence is expected to come up before the supreme court today. The plea is the last legal option available to Memon. His death sentence will be carried on July 30 if the court rejects the petition and this is going to be the first execution related to the 1993 blasts case. Memon was found guilty in 2007 for the serial blasts that killed over 250 people. He is currently in the Nagpur Central jail, which has facilities for hanging.

Infosys posts best sales growth in many quarters


Infosys on Tuesday beat June quarter sales and profit estimates as it reported a net profit of Rs 3,030 crore on sales of Rs 14,354 crore.India's second biggest outsourcer reported 4.4 per cent rise in constant currency revenue growth, beating estimates of 2.5-3 per cent growth. Infosys has increased its FY16 revenue guidance to 7.2-9.2 percent in dollar terms and retained its full year revenue guidance in constant currency at 10-12 percent.Infosys was the top gainer in the 50-share Nifty index. The outperformance in Infosys also lifted the broader markets because Infosys has the third largest weightage in the Nifty after HDFC and HDFC Bank.
 
Hurriyat hardliner Geelani to skip Pak envoy's Eid function today

A two-member team of Hurriyat Conference (its chief Mirwaiz Umer Farooq and Masroor Abbas Ansari, Mirwaiz's political secretary) will on Tuesday attend an Eid Milan at the Pakistan high commission in New Delhi while hardline separatist leader Syed Ali Geelani has said he will not attend the Eid function. Pakistan's envoy to India has invited senior Kashmiri separatist leaders to the function and India has always shown displeasure at such invites.

Monsoon to pick up pace from tomorrow


Heavy rains will occur all over the country starting tomorrow (July 22) and will continue till the first week of August, making up for the overall rain deficit, private weather forecaster Skymet has said. Even the India Meteorological Department has said heavy showers will occur all over the country till July 24."Starting July 21 and up till July 24, heavy rainfall will lash all parts of the country including coastal Karnataka, west Madhya Pradesh and Uttar Pradesh, Gujarat, Konkan and Goa, south interior Karnataka, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, east Rajasthan, Gangetic West Bengal, Andaman and Nicobar Island, Assam and Meghalaya, and Kerala," the IMD said.

Heavy rains lash Mumbai, local train services hit


Heavy rains has been lashing Mumbai and surrounding areas since last night. This has led to suburban train services, on both Central and Western lines, being delayed since morning. The train services have been also affected, with Western Railway trains between Dahanu Road and Virar being in bad shape due to waterlogging on tracks at Palghar. The Main and Harbour lines on Central Railway too are running late by 20 minutes. The long distance trains towards Gujarat have been affected since 5am, which are stranded or running slow between Virar and Borivali. There is also some waterlogging on Central line near Sion and Kalyan stations.

Strike threat by 12 lakh power employees, engineers over electricity bill

Around 12 lakh power employees and engineers across the country will go on one-day strike on the day Electricity (Amendment) Bill is presented in Parliament during the monsoon session. The bill seeks to segregate the power distribution network from electricity supply business. It was introduced in Parliament in December last year and seeks to introduce multiple supply licensees in the market.

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