ALL News Headlines 2019 November 24TH

Daily Current Affairs-September

NATIONAL

Maharastra: Supreme court heard a writ petition filed by Shiv Sena NCP combo and ordered that interim prayers sought by Shiv Sena to conduct floor test within 24 hours have to be considered after perusing order of Governor and letters submitted by Fadnavis. Read more

President`s Rule: To revoke President’s Rule, the government has used Rule 12 of the Government of India (Transaction of Business) Rules, 1961, which allows for revocation of President’s Rule without Cabinet approval if the Prime Minister “deems it necessary.”

The Calcutta High Court: As there is large number of pending litigations touching almost 229,000, the Calcutta High Court is stressing on alternative dispute redressal mechanism like mediation to reduce the backlog. The high court is encouraging litigants involved in various disputes, from commercial to matrimonial issues, to go for mediation to resolve their differences, instead of fighting their cases in the courts that may take a long time before any outcome is reached.

Man ki baat: Prime Minister Narendra Modi said today, the patience, restraint and maturity displayed by the people after the Supreme Court delivered its verdict in the Ayodhya case proves that there is nothing bigger than national interest for Indians.”The resolve … full of new hopes and aspirations. It is my hope and wish that New India imbibes this feeling and forges ahead in a spirit of peace, unity and goodwill,” he said in “Mann ki Baat” radio programme.

SC: The Supreme Court today asked Solicitor General Tushar Mehta to place before it on 25th November morning the letters of Maharashtra Governor recommending revocation of President’s rule in the state and inviting Devendra Fadnavis to form government. In the special hearing on a holiday, the apex court also issued notices to the Centre, Maharashtra government on the petition filed by Shiv Sena-NCP-Congress combine against the Maharashtra Governor’s decision to swear in Fadnavis as chief minister.

Ajit Pawar: The BJP today objected to the removal of Ajit Pawar as leader of the NCP legislature party, saying it was “invalid”. Pawar was removed as the NCP’s legislature unit leader on Saturday, hours after he joined hands with the BJP in a coup and took oath as deputy of Maharashtra Chief Minister Devendra Fadnavis.


ECONOMY

FPI: Foreign portfolio investors (FPIs)has infused a net Rs 17,722 crore into the Indian markets in November so far amid encouraging domestic and global cues. According to depositories data, overseas investors pumped in a net sum of Rs 17,547.55 crore into equities and Rs 175.27 crore in the debt segment during November 1-22, taking the cumulative net investment to Rs 17,722.82 crore.

Unemployment: India’s urban unemployment rate between January and March this year fell to 9.3 per cent, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters. The urban unemployment rate of the January-March quarter compared with 9.9 per cent in the preceding quarter.


INTERNATIONAL

Airbnb International: Airbnb’s business excluding the United States and China turned a net profit of $46.47 million in 2018 compared with a loss of $97.22 million the previous year, according to an earnings statement the company filed in Dublin, Ireland, and made public on November 22.Airbnb International Unlimited Company is incorporated in Ireland and is a wholly owned subsidiary of Airbnb Inc.

Pakistan: A panel of academics and South Asia experts from around the world explored the prospect of a “rebrand” of Pakistan away from an ideology of jihad and terrorism, with the Pakistani diaspora playing some role in such a move. ‘Reimagining Pakistan: A Global Perspective’, organised by the Jammu Kashmir Study Centre UK think tank and the Indian National Students Association (INSA) UK in London on November 23, highlighted that Pakistan’s so-called “jihad strategy” dates back to 1947 when it tried to “forcibly annex Kashmir”.

Tesla: Elon Musk says Tesla has received nearly 150,000 orders for its new electric pickup truck since the automaker revealed the futuristic vehicle earlier this week to mixed reviews. The Tesla CEO tweeted Saturday that the company received 146,000 orders for the wedge-shaped “Cybertruck” since is unveiling Thursday night.

Iran: The US State Department has called on Facebook, Instagram and Twitter to suspend the accounts of Iranian government leaders until Tehran re-establishes internet coverage throughout the riot-torn country.

Pakistan: Foreign Minister Shah Mahmood Qureshi on Sunday reiterated that America’s stance on the China Pakistan Economic Corridor (CPEC) would have “no impact” on the project. He was referring to a recent statement by Wells, who is in charge of South Asia affairs at the US State Department, in which she had “warned” that CPEC would further add to Pakistan’s debt burden. She had said the multi-billion-dollar CPEC would take a toll on Pakistan’s economy at the time of repayments and dividend in the coming years.

Brexit: British Prime Minister Boris Johnson promised on Sunday “to get Brexit done”, pledging in his Conservative Party’s manifesto to bring his deal to leave the European Union back to parliament before Christmas and ruling out any more delay.

US Election: Michael Bloomberg confirmed Sunday that he is running for president, joining the crowded field of Democrats seeking to take on his fellow New York billionaire, President Donald Trump.


 

ALL News Headlines 2019 November 23RD

Maharastra: BJP leader Devendra Fadnavis was on Saturday morning sworn in as Maharashtra’s Chief Minister, forming a surprise alliance with his one-time rival—Nationalist Congress Party’s Ajit Pawar—who took oath as deputy chief minister. Read more

SC: Supreme Court will 11.30am on Sunday hear Shiv Sena and its allies’ plea against governor inviting Devendra Fadnavis to form the government.

NCP: NCP on Saturday evening removed Ajit Pawar as the party’s legislature unit leader after he joined hands with the BJP and took oath as the deputy chief minister of Maharashtra.

Job rates: India’s urban unemployment rate between January and March this year fell to 9.3 per cent, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters.

Govt reports: The ministry of statistics and programme implementation released reports titled ‘Household Social Consumption in India: Health’ and ‘Household Social Consumption in India: Education’, which were conducted along with the ‘Household Consumer Expenditure’ survey between July 2017 and June 2018. This was a part of the 75th round of survey conducted by the National Statistical Office (NSO), which was earlier known as the National Sample Survey Office (NSSO).

RBI: The Reserve Bank of India (RBI) is working on a corporate governance structure for banks in line with Basel norms, but the Indian version would likely be tougher in recognising bad loans, said RBI Deputy Governor N S Vishwanathan in his keynote address at the Business Standard Annual Banking Forum.

China-UAS: The United States is the world’s biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government’s top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.


ALL News Headlines 2019 November 22ND

KERALA CRIME: A former CPM leader was arrested on Friday in the sensational case of suspected cyanide killings of six members of one-north Kerala family. The SIT investigating the case had earlier arrested three persons, including the main accused Jolly Joseph (47), who is accused of executing her own family members with cyanide-laced food over a span of 14 years.

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AGR REVIEW: In a move that takes the current telecom narrative to the next level, incumbent operators Bharti Airtel and Vodafone Idea (VIL) on Friday filed separate petitions in the Supreme Court seeking a review of its judgment last month on adjusted gross revenue (AGR) dues. The order implied telcos would need to pay dues estimated at Rs 1.47 trillion, including spectrum usage charges (SUC). Of this, Rs 92,641 crore is the total AGR due including penalties and interest etc.

BSE BENCH MARK: Tata Motors, Yes Bank and Vedanta will be dropped from the BSE’s benchmark Sensex from December 23. In their places, UltraTech Cement, Titan Co Ltd and Nestle India will be added in the index, Asia Index, a joint venture between S&P Dow Jones Indices and the BSE, said in a statement on Friday.

PROSPERITY INDEX: Bangalore emerged as India’s highest ranked city at No. 83 in a new index of the world’s 113 cities in terms of economic and social inclusivity, topped by Zurich in Switzerland. The first-ever Prosperity & Inclusion City Seal and Awards (PICSA) Index, released in the Basque Country capital of Bilbao in northern Spain on Thursday evening, is designed to showcase not only the quantity of economic growth of a city but also its quality and distribution across populations.

Rank City Region Development level Score

1 Zurich Europe Developed 78.2
2 Vienna Europe Developed 72.0
3 Copenhagen Europe Developed 70.5
4 Luxembourg Europe Developed 70.3
5 Helsinki Europe Developed 70.1
6 Taipei Asia Developed 69.9
7 Oslo Europe Developed 69.8
8 Ottawa North America Developed 69.8
9 Kiel Europe Developed 69.5
10 Geneva Europe Developed 68.3
11 Washington, DC North America Developed 68.2
12 Munich Europe Developed 66.9
13 Prague Europe Developed 66.8
14 Seattle North America Developed 66.6
15 Stockholm Europe Developed 66.0
16 Boston North America Developed 65.8
17 Amsterdam Europe Developed 65.2
18 Berlin Europe Developed 65.0
19 Eindhoven Europe Developed 64.2
20 Bilbao Europe Developed 64.0
21 Bratislava Europe Developed 63.9
22 Tallinn Europe Developed 63.4
23 Gothenburg Europe Developed 62.6
24 Rotterdam-The Hague Europe Developed 62.4
25 Frankfurt Europe Developed 62.2
26 Montreal North America Developed 62.1
27 Cardiff Europe Developed 62.1
28 Madrid Europe Developed 61.3
29 Nantes Europe Developed 60.7
30 Hanover Europe Developed 60.4
31 Dallas North America Developed 60.0
32 Paris Europe Developed 60.0
33 London Europe Developed 59.1
34 Melbourne Oceania Developed 59.1
35 Toronto North America Developed 59.0
36 Sydney Oceania Developed 58.7
37 Brussels Europe Developed 58.4
38 New York North America Developed 58.4
39 Tokyo Asia Developed 57.9
40 Dublin Europe Developed 57.3
41 Athens Europe Developed 57.0
42 San Francisco North America Developed 56.9
43 Ljubljana Europe Developed 56.9
44 Osaka Asia Developed 56.7
45 Abu Dhabi MENA Developed 56.1
46 Singapore Asia Developed 56.0
47 Doha MENA Developed 55.8
48 Lisbon Europe Developed 55.5
49 Seoul Asia Developed 55.4
50 St. Petersburg Europe Emerging 55.2
51 Houston North America Developed 54.1
52 Vilnius Europe Developed 53.8
53 Bucharest Europe Emerging 53.4
54 Riga Europe Developed 52.7
55 Budapest Europe Developed 52.6
56 Warsaw Europe Developed 52.1
57 Tel Aviv MENA Developed 52.0
58 Brno Europe Developed 51.6
59 Moscow Europe Emerging 51.4
60 Auckland Oceania Developed 51.3
61 Barcelona Europe Developed 51.2
62 Bologna Europe Developed 51.0
63 Dubai MENA Developed 51.0
64 Chicago North America Developed 50.6
65 Los Angeles North America Developed 50.3
66 Birmingham Europe Developed 49.1
67 Valletta Europe Developed 47.3
68 Milan Europe Developed 47.3
69 Zagreb Europe Emerging 47.0
70 Hong Kong Asia Developed 46.4
71 Nagoya Asia Developed 45.2
72 Sofia Europe Emerging 44.7
73 Turin Europe Developed 43.4
74 Rome Europe Developed 42.0
75 Krakow Europe Developed 41.9
76 Montevideo LATAM Emerging 39.4
77 Kuwait City MENA Developed 39.3
78 Buenos Aires LATAM Emerging 39.2
79 Istanbul MENA Emerging 36.5
80 Belgrade Europe Emerging 36.0
81 Bangkok Asia Emerging 35.8
82 Zhengzhou Asia Emerging 35.3
83 Bangalore Asia Emerging 34.7
84 Chengdu Asia Emerging 33.8
85 Xi’an Asia Emerging 32.8
86 Bogota LATAM Emerging 31.9
87 Hangzhou Asia Emerging 28.5
88 Lima LATAM Emerging 28.2
89 Hanoi Asia Emerging 27.9
90 Beijing Asia Emerging 27.6
91 Brasilia LATAM Emerging 27.3
92 Kuala Lumpur Asia Emerging 27.2
93 Santiago LATAM Emerging 27.0
94 Sao Paulo LATAM Emerging 26.3
95 Quito LATAM Emerging 25.8
96 Guangzhou Asia Emerging 25.7
97 Shenzhen Asia Emerging 25.6
98 Mexico City LATAM Emerging 25.6
99 Shanghai Asia Emerging 25.2
100 Jakarta Asia Emerging 22.7
101 Delhi Asia Emerging 22.5
102 Johannesburg SSA Emerging 22.3
103 Tunis MENA Emerging 21.9
104 Casablanca MENA Emerging 21.4
105 Wuhan Asia Emerging 19.6
106 Rio de Janeiro LATAM Emerging 18.6
107 Mumbai Asia Emerging 18.6
108 Manila Asia Emerging 18.2
109 Cape Town SSA Emerging 17.5
110 Nairobi SSA Emerging 17.4
111 Tianjin Asia Emerging 16.3
112 Chongqing Asia Emerging 15.7
113 Cairo MENA Emerging 11.4


 

ALL News Headlines 2019 November 21ST

Rohingyas: The Supreme Court today agreed to hear after four weeks a PIL seeking identification and deportation of all illegal immigrants and infiltrators, including Bangladeshi nationals and Rohingyas. A bench headed by Chief Justice S A Bobde took note of the submission of lawyer and BJP leader Ashwini Upadhyay that the illegal Rohingya and Bangladeshi immigrants “were taking away bread and butter of citizens here”.

Whatsapp: The Parliamentary Standing Committee on Information Technology (IT), headed by Member of Parliament Shashi Tharoor, met on November 20 and started discussion with members who were being at odds over whether to take up the WhatsApp-Pegasus snooping issue. Then the matter was put to vote and the panel decided in favour of discussing the issue that involves snooping on 121 Indians.

Chandrayaan-Two-and-a-half months later, the Indian Space Research Organisation (ISRO) has finally admitted publicly that the Vikram lander on Chandrayaan-2 mission made a “hard-landing” on the moon.

Pragya Singh Thakur MP-BJP Lok Sabha member Pragya Singh Thakur has been nominated to the Parliamentary Consultative Committee of the Ministry of Defence. The Bhopal MP, who is an accused in the Malegaon blasts case, defeated former chief minister of Madhya Pradesh and Congress leader Digvijaya Singh in the Lok Sabha polls earlier this year.

Mamata Banerjee CM-Within hours of Union Home Minister Amit Shah’s statement in Parliament Wednesday that the NRC for Assam will be repeated whenever the exercise is conducted nationwide, Opposition-ruled states and parties spoke out against any pan-India NRC move.

US India Arms Deal-The US government has notified the US Congress its determination to sell USD 1 billion worth of naval guns to India for use against warships, anti-aircraft and shore bombardment. The proposed foreign military sale of up to 13 MK-45 5inch/62 caliber (MOD 4) naval guns and related equipment is at an estimated cost of USD 1.0210 billion, Defense Security Cooperation Agency said in its notification to the Congress.

Canada-Anita Indira Anand, the first Hindu to be a federal minister in Canada. The cabinet includes three other Indo-Canadian ministers, all Sikhs. Anand was elected to the House of Commons for the first time in the October federal elections, was named the minister of public services and procurement.

Indian citizenship-The Union home ministry on 20 November 2019 cancelled the citizenship of Telangana Rashtra Samithi MLA Chennamaneni Ramesh on grounds that he had not fulfilled the stipulated norms while obtaining the Indian citizenship in 2009 when he was a German passport holder. An order to this effect was issued by Secretary, Border Management of the MHA, who is the competent authority. “Under section 10 of the Citizenship Act, 1955, Ramesh Chennamaneni ceases to be a Citizen of India,” the 13-page order said.

RBI: Four years after the Supreme Court first directed the RBI to disclose a list of India’s wilful defaulters, the central bank has finally revealed it. In response to a RTI application filed by The Wire in May 2019, the RBI has released a list of 30 major wilful defaulters. According to the Central bank’s response though, three companies belonging to fugitive diamantaire Mehul Choksi are amongst the 30 major wilful defaulters that the Indian banking system is currently grappling with.

Disinvestment: The Cabinet Committee on Economic Affairs on November20 approved the strategic disinvestment of the Centre’s entire stake in Bharat Petroleum (BPCL), Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corp, while giving up management control in these companies. It also gave approval for the government to reduce stake in certain state-owned companies to below 51 per cent in some while retaining majority stake management control.

Telecom Industry: The debt-ridden telecom industry has got a two-year moratorium in making payments for past spectrum auctions. The Union Cabinet on November 20 decided to defer spectrum payments dues of the telcos for 2020-21 and 2021-22, to offer an estimated Rs 42,000-crore overall relief to Bharti Airtel, Vodafone Idea and Reliance Jio over the next two years.

The Code on Industrial Relations bill: The Centre on November 20 approved the Code on Industrial Relations (IR) Bill, 2019. It is considered to be the most contentious labour law amendments. The central government has withdrawn its proposal to give flexibility to big companies, in terms of manpower, to lay off workers and shut shop without seeking official consent, a government official said.

RBI: The Reserve Bank of India on November 20 superseded the board of Dewan Housing Finance Corporation (DHFL) over governance concerns and defaults on payment obligations. The RBI said in a statement that it had appointed R Subramaniakumar, former managing director and chief executive of Indian Overseas Bank, as the administrator of DHFL, to run the affairs of the entity which was once controlled by the Wadhawan family.


 

ALL News Headlines 2019 November 20TH

NATIONAL HEADLINES

CDS: India is all set to have a chief of defence staff by January as a high-level committee headed by National Security Advisor Ajit Doval is wrapping up the groundwork to appoint the single-point military adviser to the government as suggested by the Kargil Review Committee in 1999

NRC: The National Register of Citizens process will be carried out across India, Home Minister Amit Shah said in Rajya Sabha on Wednesday while making it clear that there would be no discrimination on the basis of religion.

PRITHVI: India successfully test-fired on Wednesday night its indigenously developed nuclear-capable surface-to-surface Prithvi-2 missile as part of a user trial by the army from a test range off Odisha coast, an official of the Interim Test Range said.

RAFALE: Three Rafale fighter jets have been handed over to the Indian Air Force and are being used to train IAF pilots and technicians in France, the government said on Wednesday.

ELECTORAL BOND: The State Bank of India has refused to disclose communication it got from the government or the Reserve Bank of India on electoral bonds, saying the information was personal and held in “fiduciary capacity”.

SIVA SENA DILEMA: Protesting against the change in his seating position in Rajya Sabha, Shiv Sena MP Sanjay Raut Wednesday wrote to Chairman Venkaiah Naidu stating there was “no formal announcement” about Shiv Sena being removed from the NDA.


INTERNATIONAL HEADLINES

LANKA PM: Sri Lankan President Gotabaya Rajapaksa on Wednesday named his elder brother and former strongman Mahinda Rajapaksa as the new prime minister after incumbent Ranil Wickremesinghe announced his resignation from the post following the election debacle.

PAKISTAN: Chief Justice of Pakistan Asif Saeed Khosa on Wednesday responded to recent remarks by Prime Minister Imran Khan regarding the judiciary, saying it was the government that allowed former prime minister Nawaz Sharif to travel abroad for medical treatment. In this occasion, he highlighted that a total of 3,100 judges and magistrates had decided 3.6 million cases last year.


 

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TELECOM: Providing relief to the country’s stressed telecom companies, the Union Cabinet on Wednesday approved a two-year moratorium on payment of pending spectrum auction instalments for the years 2020-21 and 2021-22.

GOVT PROPERTIES ON SALE: Finance Minister Nirmala Sitharaman on Wednesday announced that the Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval to the sale of government stake in five Central public-sector enterprises (CPSEs) — Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India, Container Corporation of India, THDCIL, and NEEPCO.

SEBI: Markets regulator Sebi on Wednesday approved stricter disclosure norms for listed companies on loan defaults and revised its regulations for portfolio managers as well as for rights issue of shares. Sebi also extended the Business Responsibility Report (BRR) requirement to top 1,000 companies, from 500 currently.

ZEE ON SALE: The Subhash Chandra-led Essel Group will sell 16.5 per cent of its 22.37 per cent promoter stake in flagship firm Zee Entertainment (Zee), becoming a minority shareholder. However, the promoters will retain management control of Zee, the group said on Wednesday.


 

ALL News Headlines 2019 November 19TH

Veer Savarkar

Raising ongoing demand for conferring Bharat Ratna on Veer Savarkar, the Ministry of Home Affairs on Tuesday informed the Lok Sabha that recommendations for this award is received regularly but no formal recommendation for it is necessary.

NATIONAL HEADLINES

BSNL: Nearly one lakh BSNL employees are eligible for the Voluntary Retirement Scheme (VRS) out of its total staff strength of about 1.50 lakh. The effective date of voluntary retirement under the present scheme is January 31, 2020.

Goa: The Union Environment, Forest and Climate Change Ministry has sent a letter to Goa Chief Minister Pramod Sawant stating it would form a committee to look into the decision to exclude Karnataka’s Kalasa-Banduri project on Mahadayi River from the need for environmental clearance.The letter, dated November 18, was in response to a memorandum submitted on November 4 by an all-party Goa delegation led by Sawant, officials said here today. Goa recently protested over a reported Central permission to Karnataka to go ahead with the Kalasa Banduri project which aims at providing drinking water to three north Karnataka districts by diverting Mahadayi water.

Lynching: Only Rajasthan and Manipur have passed bills on action to be taken against those involved in lynching but the legislations are yet to get the President’s consent, the Lok Sabha was informed today. Union minister of state for home Nityananda Rai said the Centre, following a Supreme Court directive, has issued two advisories to state governments to check incidents of lynching.

 The Indira Gandhi Prize: The Indira Gandhi Prize for Peace, Disarmament and Development for 2019 will be conferred on renowned naturalist and broadcaster Sir David Attenborough.His name was selected for the prize by an international jury chaired by former president Pranab Mukherjee, the Indira Gandhi Memorial Trust announced today.

Indian Railways:  The Indian Railways has cut away the Railway Board by 25 per cent, cutting down its strength from 200 to 150 by transferring director-level officials and above to zones in a long-pending move to enhance efficiency, according to an official order. The transferred officers are from across railway cadres – 10 each from IRSE and IRTS, seven from IRAS, six from IRSME, five each from IRSEE and IRSSE, three each from IRSS and IRPS and one from RPF.

Stockholm: A Swedish prosecutor says the alleged rape investigation involving WikiLeaks founder Julian Assange, who is currently in prison in Britain, has been discontinued.

Bank fraud: In a staggering rise in bank fraud, the country’s public sector lenders reported embezzlement of over Rs 95,760 crore in the first six months (April-September) of the current financial year (2019-20) with the number of cases reaching 5,743.

Ramdev: Baba Ramdev in a recent TV interview had declared that the followers of social activist Periyar E V Ramaswamy were following intellectual terrorism. Ramdev conducting free five-day Yoga camp in Udupi.

J&K: Union Minister of State for Home G Kishan Reddy Tuesday informed the Lok Sabha that 765 people were arrested for their involvement in stone-pelting incidents in Jammu-Kashmir since the abrogation of Article 370.

Maoist link: Days after the arrest of two Communist Party of India-Marxist student members under Unlawful Activities (Prevention) Act for their alleged Maoist links, a Senior party leader has stirred up a controversy by stating that the ultras were receiving help from Islamic militant organisations based in Kozhikode.

INTERNATIONAL HEADLINES

Pakistan: A special Pakistani court today reserved its judgement in the high treason case against former dictator Gen. Pervez Musharraf and said that the verdict will be announced on November 28, according to media reports. The previous Pakistan Muslim League-Nawaz (PML-N) government had filed the treason case against the 76-year-old ex-army chief Musharraf in 2013 over the imposition of extra-constitutional emergency in November 2007.

China: Ford Motor is considering making its new electric Mustang Mach-E in China, depending on how the trade war between Washington and Beijing plays out, CEO Jim Hackett said.

Donald Trump: A majority of Americans believe President Donald Trump should be impeached and removed from office for his controversial Ukraine actions, according to the first poll after the launch of public hearings in Congress. Fifty-one per cent of those asked said they think Trump should be tried and convicted in the US Senate, while another six per cent favour impeachment but not removal, according to the ABC News-Ipsos poll released on November 18.

Iran: The UN’s nuclear watchdog said on November 18, that Iran’s stock of heavy water for reactors was in excess of the limit set under its agreement with world powers. The International Atomic Energy Agency said in a statement that Iran’s heavy water production plant was in operation and that its stock of heavy water was 131.5 tones, above the 130-tonne limit.


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Reliance Jio: Reliance Jio on Tuesday said it will hike its tariff rates in the next few weeks. The statement from the Mukesh Ambani-led company comes a day after Bharti Airtel and Vodafone Idea Ltd announcing a hike in call and data charges from next month. Meanwhile, Jio added 69.83 lakh new users to its network in September this year while Vodafone Idea and Bharti Airtel lost over 49 lakh users, according to TRAI data.

Passenger Vehicles Sales: Automobile dealers’ body FADA today said retail sales of passenger vehicles in October increased 11 per cent to 2, 48,036 units due to festive demand during the month. Two-wheeler sales increased 5 per cent to 13,34,941 units last month. Commercial vehicle sales, however, declined 23 per cent to 67,060 units. Three-wheeler sales saw an increase of 4 per cent to 59,573 units last month.

Tariffs Hike: Telecom operators Vodafone Idea and Bharti Airtel, will hike tariffs starting December 1, the companies said in a surprise announcement on18th November. The first telecom tariff hike in several years follows record second-quarter losses reported by the two operators.

Budget: The government is setting the tone for 2020-21 Union Budget with a clear focus on steps to encourage private investment, sources said. If welfare schemes were at the centre of Budget-making in the past few years, private investment, economic growth, and tax incentives are expected to be the dominant themes now, they pointed out.


ALL News Headlines 2019 November 18TH

First day of historic 250th session of Rajya Sabha saw a visible change with marshals standing beside the seat of the Chairman in House wearing a military-style uniform.

Trump: United States President Donald Trump on Monday said that he will “strongly consider” the idea of him testifying before the Congress in his impeachment inquiry over his dealings with Ukraine, though he described the whole process as a “witch hunt”.

Lok Sabha: On the first day of the winter session of the lower house in parliament opposition members on Monday termed the National Conference leader’s detention as illegal and demanded that he be allowed to attend the House.

 Rajya Sabha: In a departure from convention, the Rajya Sabha on Monday allowed leaders of various political parties to speak and pay tributes to five late members, including former finance minister Arun Jaitley, instead of just the Chairman making obituary references.

Pakistan: Former minister finance minister Asad Umar will make a return to the federal cabinet as the minister for planning and special initiatives, the government chief spokesperson Firdous Ashiq Awan announced on Monday.

Agra: Uttar Pradesh government was planning to rename Agra after a committee was set up to examine if the city was known by any other name in ancient times. Bhim Rao Ambedkar University Vice-Chancellor Arvind Dixit said a committee had been constituted to look into the issue after it received a notice from the Agra administration.

BMC: Shiv Sena is set to retain control over the Brihanmumbai Municipal Corporation (BMC) after the Bharatiya Janata Party dropped out of the race because it does not have the numbers. Shiv Sena’s Kishori Pednekar, 56, and Suhas Wadkar, 44, are the only ones to file nominations for elections to the post of Mayor and Deputy Mayor, respectively. The election was scheduled to be held on November 22.

Brothel: A fast track court in West Bengal’s East Midnapur district has sentenced three men to jail for three years for visiting a brothel under the Immoral Trafficking (Prevention) Act, which anti-human trafficking activists said was probably first such conviction in India.


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RBI: Finance Minister Nirmala Sitharaman on Monday said transfer of surplus reserves from the Reserve Bank of India (RBI) to the government in future will depend on net income and other financial parameters of the central bank besides the recommendations of the expert committee on excess capital. The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha.

SEBI: The Supreme Court on Monday stayed an order of the Securities Appellate Tribunal (SAT) which had held that markets’ watchdog SEBI does not have the power to bar auditors. A bench comprising Justices Arun Mishra and Indira Banerjee also issued notice on the appeal filed by the Securities and Exchange Board of India (SEBI) against the SAT’s September 9 order.


 

ALL News Headlines 2019 November 17TH

Chief Justice of India SA Bobde

Justice Ranjan Gogoi retires as CJI. The new  Supreme Court Collegium will now comprise of Chief Justice of India SA Bobde, NV Ramana, Arun Mishra, Rohinton Nariman and R Banumathi.  

Ladakh : Union Home Minister Amit Shah inaugurated the supply of a special diesel for the Union Territory of Ladakh. The winter-grade diesel has been developed by Indian Oil Corporation, and stays unfrozen up to minus 33 degrees Celsius. Shah said that at the time of abrogation of Jammu and Kashmir’s special status and bifurcation into two Union Territories, the Centre had promised multiple development initiatives for the region.

Srilanka: Sri Lanka’s wartime defence secretary Gotabaya Rajapaksa will be the next President. Rajapaksa, 70, defeated Premadasa, 52, by more than 13 lakh votes, according to the official results. Rajapaksa, who will succeed President Maithripala Sirisena for a five-year term, will be sworn in as the seventh executive president of Sri Lanka on Monday at the ancient north-central town of Anuradhapura. Gotabaya Rajapaksa, famed for ended Sri Lanka’s nearly 30-year civil war with the Liberation Tigers of Tamil Elam.

JNU: The Delhi Police has registered an first information report in connection with the ‘vandalism’ of administration block of the Jawaharlal Nehru University (JNU) last week, officials said on Sunday.

LOC: One soldier was killed while two others were injured in a suspected improvised explosive device (IED) blast along the Line of Control (LoC) in Pallanwalla area of Jammu and Kashmir’s Akhnoor on Sunday, defence spokesperson said.

UAE: Desire to strengthening its ties with the United Arab Emirates (UAE), the Government of India has decided to extend the duration of the visa-on-arrival available to UAE nationals. Instead of 30 days, the visa-on-arrival will now be available for 60 days, with double entry for business, tourism, conference and medical purposes.

USA: The United States Senate has unanimously passed a resolution recognizing the historical, cultural and religious significance of the 550th birthday of Sikhism founder Guru Nanak Dev, besides the Sikh’s contributions in the US’ growth.

 

 

ALL News Headlines 2019 November 16TH

New Delhi 19 °C

SABARIMALA: The women pilgrims were kept from entering the shrine after the Pinarayi Vijayan-led Kerala government did a u-turn Friday, citing “grey areas” in the apex court’s judgment.

SABARIMALA: The Sabarimala was opened on Saturday for a three-month pilgrimage season after the Supreme Court referred to a larger bench on women’s entry. The state government has said it won’t provide protection to women devotees but many activists have announced their plan to enter the temple. The Sabarimala Karma Samiti, a top body of Hindu outfits, said it will block women if they try to enter the temple.

DDCA: Senior journalist Rajat Sharma on Saturday resigned from the post of president of Delhi & Districts Cricket Association (DDCA), citing his inability to continue amidst “various pulls and pressures” within the organisation.

TRUMP IMPEACHMENT: Amid the ongoing impeachment hearings against him by a Democrats-dominated Congressional panel, US President Donald Trump has asserted that he has the right to speak and the freedom of speech. “In the history of our country, there has never been a disgrace like what’s going on right now. So, you know what, I have the right to speak. I have the freedom of speech just as other people do have. But they (Democrats) have taken away the Republicans rights (to ask questions),” Trump told reporters in a media interaction at the White House.

BANK GUARANTEE: The government is planning to bring in laws to regulate multi-state cooperative banks and raise the insurance cover on bank deposits from the current Rs 1 lakh, Union Finance Minister Nirmala Sitharaman.

OM BIRLA: 17वीं लोकसभा के दूसरे सत्र से पहले सभी दलों के नेताओं के साथ संसदीय ग्रंथालय में बैठक की। सत्र में जनहित के विषयों पर वाद विवाद हो, सहमति-असहमति बने, लेकिन सदन चले। विश्वास जताया कि पहले सत्र की तरह सभी दल इस सत्र का भी सुचारू व व्यवस्थित संचालन करने में सहयोग करेंगे। Birla said by a twitter, “I appealed to floor leaders of all parties for their cooperation in the smooth functioning of the House. As the House is answerable to the people and I hope parties will raise issues of public interest. There should be a debate in the House, and for that, it should function.”

  • Winter Session from Monday, Lok Sabha Speaker chairs all-party meeting.

RCOM: Anil Dhirubhai Ambani, Chairman of the Reliance Communications, on Saturday tendered his resignation as director of the company. The company in a filing said that Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.

SRI LANKA: Sri Lankans voted on Saturday to choose a successor to President Maithripala Sirisena amid multiple poll-related incidents, including an attack on the minority Muslim voters, in an election that will decide the future of the country that struggles with security challenges after the Easter Sunday bombings and increasing political polarisation.


ALL News Headlines 2019 November 15TH

NATIONAL HEADLINES

S-400 Missile-Days after meeting Prime Minister Narendra Modi on the sidelines of BRICS Summit in Brazil, Russian President Vladimir Putin Friday said that everything is going according to the plan when it comes to the delivery of S-400 missiles to India, PTI reported. Putin was speaking to reporters after the conclusion of the five-nation summit.

Ranbaxy: The Supreme Court today held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited. The SC had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo. A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta today said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malaysian firm IHH Healthcare was put on hold.

INX Media: The Delhi High Court today denied bail to former finance minister P Chidambaram in the INX Media money laundering case. Justice Suresh Kait had reserved the order on November 8 on the bail petition after hearing the arguments of counsel for Chidambaram and the Enforcement Directorate (ED).

The Personal Data Protection Bill: A bill that includes how corporates handle personal data and lists penalties for misuse has been listed to be tabled in Parliament winter session beginning on 18th November, according to a notification on the Lok Sabha website. The Personal Data Protection Bill’s proposals are based on the Justice B N Srikrishna committee report submitted in July 2018. The draft bill has since gone through at least two updations based on inputs received from the industry.

Delhi: The Supreme Court today summoned chief secretaries of Punjab, Haryana, Uttar Pradesh and Delhi to know about steps taken by them to reduce air pollution in Delhi-NCR. A bench of justices Arun Mishra and Deepak Gupta said effective steps must be taken and 13 pollution hotspots in Delhi should be cleared of pollutants. The court questioned the Delhi government over granting exemptions, including to 2-and-3 wheelers, during its odd-even scheme and said that pollution level in Delhi is increasing in spite of the vehicle rotation scheme being in force.

Amnesty International: The Central Bureau of Investigation (CBI) Friday raided the offices of Amnesty International India in Bengaluru and New Delhi. The investigative agency has alleged that the Human rights group violated the Foreign Contribution (Regulation) Act (FCRA) norms. CBI said that it had registered a case on November 5 based on a complaint received from the Ministry of Home Affairs against M/s Amnesty International India Pvt Ltd (AIIPL), M/s Indians For Amnesty International Trust (IAIT), M/s Amnesty International India Foundation Trust (AIIFT), M/s Amnesty International South Asia Foundation (AISAF) and unknown others.

Young India: The Income Tax Appellate Tribunal (ITAT) today rejected the Gandhi family’s plea by revealing that ‘Young Indian’ is not a charitable trust. The alleged amount of unpaid tax is close to Rs 154.96 Crores.

  • Delhi Lawyers in all the six district courts in Delhi called off their strike Friday, two days after the Bar Council of India directed the protesting lawyers to resume work.

ECONOMY HEADLINES

Vodafone: A day after posting the worst quarterly loss in India’s corporate history, telecom operator Vodafone Idea’s chief executive officer Ravinder Takkar said the Supreme Court judgment on Adjusted Gross Revenue (AGR) would have significant implications on the telecom industry and that the company was in the process of filing a review petition. He also added that the government was aware of the tremendous stress faced by operators and was determined to see three private players and one public player in the telecom sector.

ArcelorMittal : ArcelorMittal won approval from the Supreme Court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market. The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd. and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured creditors equal right over the sale proceeds. The lenders’ panel of a bankrupt company has discretion in the distribution of funds in insolvencies, a three-judge bench headed by Justice Rohinton F Nariman said today.

Reliance Jio: Reliance Jio today said that delaying the implementation of zero call connects charges beyond January 2020 will hurt the affordability of telecom services in a sector where users have benefited from free voice calls. Reliance Jio Director Mahendra Nahata said that the ratio of incoming and outgoing call is now at par with each other and traffic asymmetry can, therefore, no longer be the reason to delay implementation of Bill and Keep (BAK) regime

Market Today

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INTERNATIONAL HEADLINES

North Korea : North Korea’s state media on Friday stepped up a personal attack on former US Vice President Joe Biden for slandering its leader, calling the Democratic presidential candidate “a rabid dog” that needed to be put down.

Pakistan: The Lahore High Court (LHC) on Friday admitted for hearing a petition challenging the government’s condition of furnishing indemnity bonds in order to secure the removal of ailing former prime minister Nawaz Sharif’s name from the Exit Control List (ECL).