NATIONAL
- Top Muslim body Jamiat Ulama-i-Hind (JuH) passed a resolution stating that Kashmir is an ‘integral part’ of the country and said the welfare of the people in the valley lies in their integration with India.
- Pakistan on said that India would not get second consular access to Kulbhushan Jadhav, the retired Indian Navy officer who has been sentenced to death by a military court on April 2017.
- Under the new fine structure in Gujarat, the penalty for not wearing a helmet is changed to Rs 500, which is Rs 1000 under the MV Act. For not wearing seat belts Rs 500 will be charged, as against Rs 1000 . Driving a vehicle without Driving License will attract a fine of Rs 2000 for the two-wheelers and Rs 3000 for the rest, as against Rs 5000 under the new rule. If the license, insurance, PUC, RC book is not there, the fine will be as per the new Motor Vehicles Act. For the first time, Rs 500 will be fined and second time penalty is Rs 1000. For triple riding, the fine will be Rs 100 as against Rs 1000 in the MV Act. Driving a vehicle with pollution has a fine of Rs 10,000 under the new MV Act, whereas in Gujarat it will be Rs 1000 for small vehicles and Rs 3000 for large vehicles.
- Union minister Pratap Chandra Sarangi has said that the history of India taught in schools and colleges has been written in “an erroneous way by the invaders” and bears untruths that need to be rectified as soon as possible.
- The Supreme Court said the recommendations regarding transfer of Chief Justices and Judges of various High Courts, which snowballed into a major controversy in the wake of shifting of Madras High Court Chief Justice V K Tahilramani to Meghalaya High Court, were based on cogent reasons.
- Punjab Chief Minister Amarinder Singh on sought Prime Minister Narendra Modi’s intervention to pressure Pakistan into withdrawing its proposal to impose a service charge on the passage through the Kartarpur corridor. Amarinder Singh underlined the historic importance of the Kartarpur corridor, slated to be opened as part of the 550th birth anniversary of Sikhism founder Guru Nanak Dev, being celebrated with great devotion and fervour in November this year.
- The former PM said five points require immediate attention to counter economic slowdown:
- Rationalisation of GST, even if it leads to loss in revenue in the short term.
Focus on increasing rural consumption and reviving the agriculture sector. - Liquidity crisis needs to be addressed. He said that not only public sector banks but NBFCs are also suffering.
- Revive major job-generating sectors such as textile, auto, electronics and subsidised housing. He said easy loans need to be provided for this purpose, especially to MSMEs.
- The government needs to identify new export markets opening up due to the ongoing trade war between US and China.
- SC sets aside HC order granting bail to ex Bhushan Steel CFO in fraud case
TODAY’S ECONOMY
- The Index of Industrial Production (IIP) rose by 4.3 percent in July, against 1.2 percent in the previous month.
- Facebook counters Mukesh Ambani, says data is not new oil.
- SEBI imposes Rs 12 lakh fine on ICICI Bank, officer for disclosure lapses
TODAYS MARKET [12 Sep, 19]
- SENSEX -37104.28 (-166.54)
- NIFTY -10982.80 (-52.90)
- GOLD (MCX 10 GM) -38014.00 (40.00)
- SILVER (MCX 1 KG) -47797.00 (297.00)
- USD ($) / INR(Rupees Icon) -71.79 (-0.02)
REVIEW TODAY (August)
- On August 20, 2019, the President of India, Shri Ram NathKovind planted Maulsari sapling in the Rashtrapati Bhavan Estate (New Delhi) and launched a plantation drive. It was done as part of the ‘Van Mahotsav’ celebrations.
- The World Economic Forum (WEF) in collaboration with Confederation of Indian Industry (CII) will organize 2-day India Economic Summit 2019. It is scheduled to be held in New Delhi from October 3 – 4, 2019 with the aim of promoting strong collaboration between South Asia and ASEAN (Association of Southeast Asian Nations) nations. The theme of the event will be ‘innovating for India: Strengthening South Asia, Impacting the World’.
- Iceland has marked it’s first-ever loss of a glacier to climate change. The glacier lost was, Iceland’s Okjokull glacier. People commemorated this loss with a plaque (An ornamental tablet, typically of metal, porcelain, or wood, fixed to a wall or other surface in commemoration of a person or event).
- On August 23, Minister of Health and Family Welfare, Harsh Vardhan has inaugurated the FSSAI’s (Food Safety and Standards Authority of India) National Food Laboratory (NFL) – Delhi, NCR (National Capital Region) in Ghaziabad on the 13th anniversary of Food Safety and Standards Act, 2006.
- Under the National Mission on Education through Information and Communication Technology (NMEICT), Ministry of Human Resource Development (MHRD) launched the National Digital Library of India project. It will develop a framework of virtual repository of learning resources with a single-window search facility.
