GN Bureau | October 27, 2015
Finance Minister Arun Jaitley will launch eSahyog and PAN camps today. Through eSahyog he will launch the paperless initiative of the Central Board of Direct Taxes (CBDT ) under which notices to assesses would be sent to their emails.
The PAN camps are aimed at expanding the coverage of number of people through Permanent Account Number (PAN). Currently there are 23 crore people with PAN card.
Railsways to get LIC funds today
Life Insurance Corporation (LIC) will hand over a cheque of Rs 2,000 crore to Indian Railway Finance Corporation (IRFC) for investment in capacity augmentation projects. Railways had signed an MoU with LIC in March this year for financial assistance of Rs 1.5 lakh crore over the next five years for implementing railway projects. IRFC will issue bonds to be subscribed by LIC for the purpose.The funds will be utilised for laying new lines to decongest busiest rail corridors.
REC plans to raise Rs 700 crore via tax-free bonds
State-run Rural Electrification Corporation said on Monday it plans to raise Rs 700 crore through public issue of tax-free non-convertible bonds. REC plans to raise funds through Public Issue of Tax Free Secured Redeemable Non Convertible Bonds with Face Value of Rs 1,000 each for an amount of Rs 300 crore with an option to retain oversubscription of up to Rs 400 crore aggregating up to 700 crore in this tranche.
Efforts on to nab Dawood Ibrahim, says Maharashtra CM
Decades after evading the law, underworld don Chhota Rajan has finally been caught. Maharashtra is immense and Chief Minister Devendra Fadnavis reveals that his government was working on the case. "The Centre was in coordination for over a month, some information was also given from Maharashtra government. Important thing is to provide all evidence against him to centre so that he can be deported to India. Then we will want that he is given to Maharashtra Police for interrogation. It is a big development, this will help us break nexus of crime. The effort is also to catch big names of D gang and Dawood Ibrahim. He may also give us a lead about other criminals and cases," he said.
Hundreds dead in earthquake-hit Afghanistan, Pakistan
A powerful earthquake of 7.5 magnitude centred in Afghanistan, has killed nearly 280 people, including 12 Afghan schoolgirls who were crushed in a stampede as they tried to flee their collapsing school. At least 214 people, including eight children, have died in Pakistan and over thousand are reported injured.The earthquake shook north India with tremors that lasted almost a minute on Monday afternoon. The quake's epicentre was near Jurm in northeast Afghanistan, 250 km from capital Kabul, and at a depth of 213.5 kilometres, the US Geological Survey said. This is just a few hundred kilometres from the site of a 7.6 magnitude earthquake that struck in October 2005, killing more than 75,000 people and displacing some 3.5 million more, although that earthquake was much shallower.
PM meets Geeta, announces Rs 1 crore for Karachi foundation
Geeta, the mute and deaf girl, on Monday met prime minister Narendra Modi, who announced Rs one crore to Pakistan's Edhi foundation, which had taken care of her during her over a decade. "Welcome back home, Geeta. It is truly wonderful to have you back home. Was truly a delight to spend time with you today... All of India will take care of you," Modi said and assured that every effort would be made to trace her family as she embraced him warmly. The prime minister also thanked the Edhi family, whom he described as "apostles of kindness and compassion" for taking care of Geeta, a PMO release said.
Meanwhile, a family from Uttar Pradesh's Pratapgarh district has now claimed that deaf and mute Geeta is their daughter. Ramraj Gautam and his wife Anara Devi, residents of Maheshganj, late Monday met divisional commissioner of Allahabad Rajan Shukla and said they were ready for "all probes and necessary tests to get their daughter back".
Lottery to select students for Mark Zuckerberg's town hall event tomorrow
Only one in nine students will get an entry to the hall and they have been selected through a lottery. Hence, when Facebook founder and CEO Mark Zuckerberg interacts with students and faculty at the Indian Institute of Technology in Delhi in a town hall on Wednesday, most students will be sitting out. The hall has a seating capacity for 1,100, but only 900 of the seats are reserved for students. The entire session is being handled by a Facebook team. It started the process last Thursday and the response so far has been huge.
CIC turning away RTI applicants without photo identity proof
The Central Information Commission is asking applicants to furnish a copy of a photo identity card with RTI applications, failing which it is turning applicants away. There is no mention of any photo identity card in the rules. However, the CIC has been turning back applicants whose applications do not include a proof of identity. Activists have slammed the new requirement.
Karnataka's drought to keep prices of pulses high
Tur dal prices are likely to continue being high well into next year, as the production of the gram in the June-September kharif season in Karnataka, the third largest producer in India, has fallen short by a whopping 45%. There is a shortfall of 45% in tur dal production and about 42% in all pulses due to the drought in many districts in Karnataka.
Sensex slips over 100 points, Nifty below 8,250
The S&P BSE Sensex slipped over 100 points on Tuesday tracking weakness seen in other Asian markets. The Nifty50 also started on a weak note and broke below its crucial psychological level of 8250. At 10 am Sensex was 27260.75, down 101 points and Nifty was 8230.45, down 30 points. Asian markets traded weak as investors keep an eye out key central bank meetings of the US Federal Reserve abd Bank of Japan. Japan's Nikkei edged lower by 0.7 per cent while South Korea's Kospi was down 0.34 per cent. Hong Kong's Hang Seng index traded lower by 0.9 per cent while the mainland China's Shanghai Composite slipped 1.6 per cent.
On February 1, finance minister Nirmala Sitharaman announced the Union Budget. As Dr. Rajiv Kumar, the Pahle India Foundation chairman and former NITI Aayog vice chairman, succinctly summed up, “Budget 2023 is a consolidation of the gains over the years, and a positive step towards sustained economic
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On mission mode, Indian Railways` Freight loading for first ten months of this financial year 2022-23 has crossed last year’s loading and earnings for the same month. On cumulative basis from April 2022 to January 2023, freight loading of 1243.46 MT was achieved against last year&rsquo
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Union minister of finance and corporate affairs Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday. The highlights of the Budget are as follows: PART A Per capita income has more than doubled to Rs 1.97 lakh in around