GN Bureau | October 27, 2015
Kerala government has dismissed the charges that beef curry was served at Kerala House in Delhi. The Kerala government has filed a complaint over entry of activists without permission. Kerala Chief Minister Oommen Chandy wrote to prime minister Narendra Modi while MPs from the state staged protest outside Kerala Bhawan in the national capital. Chandy also called inquiries made by the Delhi Police into Kerala House's beef procurement illegal and unlawful. Police officials had questioned Kerala House and canteen staff on where the meat was being sourced from. "Kerala house is where all the ministers and government officials stay. Delhi Police should not have entered the premises. The raids were wrong. This is not a commercial establishment," he said.
Meanwhile, Delhi Police Commissioner BS Bassi has reacted strongly to the allegations that his force had conducted an illegal raid at Kerala House in Delhi over allegations that beef was being served at a restaurant operating there.
“We had received a PCR call that beef is being served at Kerala Bhavan, following which our officers went there and made inquiries...They were told that nothing of this sort was being done. Thereafter our police officers gave instructions to security staff of Kerala House to keep an eye for any mischief,” Bassi said. “Were well within our rights to make inquiries, nothing illegal done, whenever such call received we've no option but to conduct inquiry,” he said, adding that the police acted according to law under Delhi Agricultural Cattle Preservation Act,1994.
Maruti Suzuki reports 42.08% rise in Q2 net profit
Maruti Suzuki on Tuesday reported a 42.08 per cent rise in net profit for the quarter ending September 30, 2015. The firm posted a net profit of Rs 1,225.56 crore in the second quarter of the current fiscal compared to Rs 862.54 crore for the quarter ended September 30, 2014. Total income rose to Rs 14070.85 crore in the quarter under review compared with Rs 12,497.03 crore for the quarter ended September 30, 2014. Total income rose to Rs 14070.85 crore in the quarter under review compared with Rs 12,497.03 crore for the quarter ended September 30, 2014.
Sensex ends 108 points down; Nifty below 8,250
Extending losses for the second consecutive session, the domestic markets ended the day in red on Tuesday as companies posting disappointing earnings such as Lupin fell, while investors turned cautious ahead of US Federal Reserve meeting later in the day and Bank of Japan policy meet later in the week. The S&P BSE Sensex ended the day 108.52 points lower at 27,253.44, while broader CNX Nifty fell below its crucial support level of 8,250 to end at 8,232.90, down 27.65 points. Market breadth was negative with 17 of 30 Sensex stocks ending the day in red.
Exim Bank co-promotes project development firm in Africa
On the occasion of third India- Africa Summit being held in Delhi, Exim Bank today said it will set up in Africa a development firm KPDC, in partnership with others, to facilitate Indian participation in infrastructure projects across the continent. Other shareholders in the company are IL&FS Group, African Development Bank and State Bank of India. "Deputy Managing Director of Exim Bank of India David Rasquinha, announced setting up the Kukuza Project Development Company (KPDC) in Africa to facilitate Indian participation in infrastructure projects in Africa on October 26," Exim Bank said in a release.
President Mukherjee meets Geeta
President Pranab Mukherjee met Geeta, the hearing and speech impaired girl who returned to India at Rashtrapati Bhawan in Delhi today. The members of the Edhi Foundation were also present. Meanwhile, there's now hope for Pakistani boy Ramzan to finally go back to his home country and reunite with his mother in Karachi. According to the Prime Minister's Office, the Indian government has begun re-assessing the case of 15-year-old Mohammad Ramzan who has been stranded in India for about two years.
Maharashtra withdraws controversial circular on sedition law
The Maharashtra government on Tuesday withdrew the controversial circular on sedition law, which says that charges can be imposed on anybody who, by words, signs or visible representation, criticises politicians or elected representatives belonging to the government. The state government informed Bombay High Court that it had withdrawn its controversial circular on sedition law. The Bombay High Court had on October 20 extended its interim order restraining state government from acting on its controversial circular issued to prevent misuse of IPC section 124-A which deals with sedition.
Business confidence up only slightly
he Reserve Bank of India’s (RBI’s) surprise 50 basis points rate cut at the end of last month has improved business sentiment only a little, according to the MNI India Business Report for October, released on Tuesday. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, rose to 62.3 in October from 61.4 last month. However, that puts the index back to where it was in August this year, which suggests that while business confidence has improved, the improvement has been marginal. Note that this index is still well below the level it was in January 2014. MNI is part of the Deutsche Boerse group and carries out business sentiment surveys across the world. Business confidence has been supported by lower interest rate costs for firms, which has led to the survey’s Interest Rates Paid Indicator declining to a series low of 39.2 in October from 44.7 in September. A reading below 50 denotes contraction, while one above 50 indicates expansion.
Internet bots clog information highways
The threats from bots, or software that run automated (and mostly repetitive and annoying) tasks over the Internet, favoured by hackers, spammers and impersonators, account for almost half of Internet traffic, according to the latest Bot Traffic Report by Imperva, a firm specializing in cyber and data security products. Almost half of the bot traffic is bad or malicious, the report found.
MP declares drought in 35 districts, seeks Rs2,400 crore aid
Madhya Pradesh has declared 35 out of 51 districts in the state as drought affected and sought an initial central assistance of Rs.2,400 crore, indicating deepening rural distress. Karnataka, Maharashtra and Odisha have already declared parts of their state as drought affected. Apart from the Rs.2,400 crore compensation to be paid to farmers for crop damage, the state also sought an additional Rs.300 crore for drinking water supply and Rs.750 crore for waiving off interest payments on loans.
Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market discipline is simply not present at the moment, said RBI deputy governor Viral V Acharya.
Farmers would no longer have to fret when the surging river water inundates their fields as scientists are working on rice varieties that are hardy and would grow in fields which have been submerged by flash floods. Dr Nitendra Prakash of crop research station at Bahraich, Uttar Pradesh told
Mumbai recorded its highest ever turnout in the civic elections on Tuesday with 55.28% voters exercising their franchise. Voter turnout in R Central ward of Charkop-Borivali was 61.5% followed by 60
The government is getting ambitious. It wants to divest some PSU shareholding and raise a staggering Rs 72,500 crore during the 2017-18 fiscal. The mood is upbeat among finance ministry mandarins due to the heartening performance of the exchange traded fund (ETF), a basket of 10 bluechip central public ser
While presenting the budget, the finance minister made an announcement about making donations to political parties more transparent. If the proposals to amend the relevant laws are approved by parliament, from April 2017 donations to political parties can be made in cash only up to Rs 2,000; payments of hi
Is UP headed for a hung assembly?