- PM Modi announces setting up of 12 modern biofuel refineries
- SC expresses serious concern over recent cases of rape, sexual abuse of women at shelter homes
- Parliament passes Insolvency & Bankruptcy Code (Second Amendment) Bill,2018
- Centre assures all possible assistance to flood affected Kerala; Met Dept predicts more rain for 48 hrs
- Swachh Bharat Abhiyan car cum bike rally
- President of India inaugurates âOne District one Productâ Summit
- PM addresses event to mark World Biofuel Day
- âWorld Biofuel Day 2018ââ event organized
- President of India hosts âAt Homeâ for freedom fighters on the 76th anniversary of Quit India Day
- Indian Railways Begins Largest Recruitment Exercise OF The World
- WCD Ministry has asked all States/UTs to complete inspection of all CCIs and related facilities by 15th September, 2018: Smt Maneka Sanjay Gandhi
- More than one lakhs cases registered under Sexual Abuse, POCSO Act 2012 from 2014-2016
- Nearly 32 lakh women have received benefits under Maternity Benefit Scheme since its inception
- Death Penalty for Rape of Girls Below 12 Years
- Rains claim 26 lives in Kerala
- Triple Talaq bill to be introduced in Rajya Sabha today
- Prime Minister inaugurates World Biofuel Day 2018 in Delhi
- Triple Talaq Bill expected to be taken up in Rajya Sabha
- PM Modi speaks to CM Pinarayi Vijayan over situation arising due to floods in Kerala
- Nation remembers its freedom fighters on 76th anniversary of Quit India Day
- President hosts 'At Home' reception for freedom fighters
- Global Innovation Index, GII- 2018 launched in India
- Dr. R. G Anandappointed Member, National Commission for Protection of Child Rights.
- 295 New Underpasses/Over Bridges projects to be completed by March 2019
- Cruise Terminals at Major and Non-Major Ports in the Country
- Surveillance System in Toll Plazas
- Cabinet approves MoU between India and Indonesia on Health cooperation
- Cabinet approves extension of the term of the Commission to examine the issue of Sub-categorization of Other Backward Classes in the Central List
- Cabinet approves creation of two posts equivalent to Joint Secretary level in the Interpreters' cadre of the Ministry of External Affairs
- Parliament Passes Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2018
- Nirbhaya Fund for Forensic Laboratories
- No change in the post of Opposition Leader: Sri Lanka parliament speaker
- Foundation stone laid for new college building in Sri Lanka with aid from India
- President inaugurates 'One District One Product' Summit
- PM Modi unveils National Biofuel policy
- Triple Talaq Bill not tabled due to lack of consensus in Rajya Sabha
- PM to visit Mumbai on 11th August, 2018
- Army turns saviour in disaster-hit Kerala with 'Operation Sahyog
- Nepal, Bangladesh sign MoU for energy cooperation
- Operation Madad': Navy's helping hand in flood-ravaged Kerala
- SC to hear Congress leader's plea on VVPATs next week
- Thai golfer Danthai on top at Take Solutions Masters
- 4 held for extortion using honeytrap in Ghaziabad
- Lok Sabha passes Bill to encourage institutional arbitration (Lead)
- Odisha govt likely to auction 17-18 mines this year
- Concerned over rapes, SC seeks report on facilities in childcare homes
- Jamshedpur FC to have pre-season camp in Spain
- Shah's rally: BJP yet to get green light for drone
- Travelling with short film gave me confidence to make feature film: Amar Kaushik
- Bill introduced to remove discrimination in personal laws
- Delhi government to form panel on strays
- Bayern stars oppose club's plan to sell defender Boateng
- Parliament passes Insolvency Code amendment bill
- TCS regains most valued firm tag again, beats RIL on market valuation
- Kerala reels under severe floods, rains leave 29 dead, 54,000 homeless
- Top lender SBI eyes return to profitability in Q3 on easing bad loan impact
- Par passes bill for speedy disposal of commercial disputes
- A bill to amend the law for speedy disposal of commercial disputes and seeking to reduce the pecuniary jurisdiction of commercial courts from Rs 1 crore to Rs 3 lakh was passed by Parliament today.
- Multipronged strategy needed to develop Padmashali community
- Telangana ChiefMinister K Chandrasekhar Rao today said a multi-pronged strategy needs to be followed for the comprehensive development of Padmashali community, who are dependent on the weaving profession.
- TN govt allots Rs 5 cr to support budding entrepreneurs
- The Tamil Nadu government has allocated Rs 5 crore to support budding entrepreneurs, Minister for Tamil Official Language and Tamil Culture K Pandiarajan said here today.
- AP excise dept SI held for amassing disproportionate assets
- A man, who joined the excise department as a constable and rose to become a sub-inspector, was today arrested in Kurnool district after huge assets disproportionate to known sources of income were unearthed.
- Maharashtra ATS arrests 3 persons, seizes explosive materials
- The Anti-Terrorism Squad (ATS) of Maharashtra police today said it had arrested three members of a suspected right-wing Hindutva outfit and seized a huge quantity of explosives, including crude bombs.
- Daiichi-Ranbaxy row: Singh brothers appears in HC, restrained from using bank a/cs
- The Delhi High Court today restrained former Ranbaxy Laboratories Ltd promoters Malvinder and Shivinder Singh from operating their bank accounts in India or abroad and selling any property.
- June IIP growth hits five-month high of 7 pc
- Industrial output recorded a five-month high growth of 7 per cent in June as production of consumer durables and capital goods picked up pace ahead of festival season, showed government data.
- Battery operated vehicles to exhibit numbers in yellow, white on green licence plates
- All battery-operated vehicles will have green number plates exhibiting registration marks in yellow and white for different categories, the government said today.
- 3 held for assaulting woman
- Three persons have been arrested on the charge of beating up a 35-year-old woman at Hazrapara in Khowai district last month, police said today.
- Union minister booked for alleged rape in Assam, minister files blackmailing complaint
- Assam Police have registered a case against Minister of State for Railways Rajen Gohain for allegedly raping and threatening a 24-year old married woman in Nagaon district, a senior police officer said today.
- Treat repatriated Bru refugees fairly: Lal Thanhawla to Centre
- Mizoram Chief Minister Lal Thanhawla today demanded that the Bru families, who had returned to Mizoram from relief camps in Tripura on their own will, should be given equal treatment by the Centre.
- NRIs not allowed to file RTIs: Govt
- Non-Resident Indians are not eligible to file Right to Information applications, the Lok Sabha was informed.
- Army organises weapon and equipment display for students in Jammu
- The Army organised a weapon and equipment display for students and youth at the Zorawar auditorium here today.
- Rally by Maldharis turns violent in Gujarat; 73 detained
- A protest march organised by members of the Maldhari community turned violent in Gujarat's Mehsana district today, prompting the police to lob teargas shells to control the situation, an official said.
- 3 arrested by Maha ATS remanded in agency's custody till Aug 18
- A sessions court here today remanded three persons, arrested by the Maharashtra Anti-Terrorism Squad (ATS) for allegedly possessing crude bombs and weapons, in the agency's custody till August 18.
- Parliament passes insolvency and bankruptcy bill
- A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament today.
- Cases stalling inauguration of Jalpaiguri circuit bench
- West Bengal Chief Minister Mamata Banerjee today said the government is eager to inaugurate of the much-awaited Jalpaiguri circuit bench of Calcutta High Court but institution of cases have stalled the event.
- Sitharaman, UP CM to launch defence industrial corridor in Aligarh tomorrow
- Defence Minister Nirmala Sitharaman and Uttar Pradesh Chief Minister Yogi Adityanath will launch a defence industrial corridor in Aligarh tomorrow as part of the government's efforts to develop specialised zones dedicated to defence production in the state, a Defence Ministry statement said.
- CID launches FCRA inquiries into 38 NGOs in Ranchi
- The CID of the Jharkhand Police today launched simultaneous inquires at 38 NGOs in and around Ranchi in connection with their receiving funds through the Foreign Contribution (Regulation) Act (FCRA), a senior official said.
- Deols are not stars, they are actors, says Dharmendra
- Dharmendra today said he does not see himself as a superstar but as an actor.
- Gavaskar attributes Kohli's success to bat-speed adjustment, feels Pant could play in 3rd Test
- Former India captain Sunil Gavaskar today praised Virat Kohli's batting in the first Test against England and attributed his success to an adjustment in bat-speed.
- More than 40 child care centres shut for not adhering to norms: WCD
- More than 40 child care institutions across the country have been shut for not adhering to norms of the Women and Child Development Ministry, Union Minister Maneka Gandhi said today.
- Kite rescued after it collapsed inside Indian Cost Guard Headquarters in Delhi
- A bird was rescued after it collapsed inside the Indian Cost Guard Headquarters, a wildlife conservation NGO said.
- Foreign currencies seized from Dubai-bound passenger
- Foreign currencies totally worth Rs 40 lakh have been seized from a Dubai-bound passenger at the airport here, the Directorate of Revenue Intelligence said today.
- Shibulal's family sells 1.6 million equity shares of Infosys
- Co-founder and former CEO ofIT major Infosys S D Shibulal today announced that some of his family members have sold 1.6 million equity shares (representing 0.074 per cent of the paid-up equity share capital) of Infosys Ltd on the stock exchanges.
- Bhopal shelter home rape: Accused sent to police remand
- Zimbabwe opposition lodges appeal against election result
- Zimbabwe's MDC opposition party lodged a court bid today to overturn the results of presidential elections that it alleges were rigged to ensure victory for Robert Mugabe's successor, Emmerson Mnangagwa.
- Former Chilean president Bachelet appointed UN High Commissioner for Human Rights
- Former Chilean president Michelle Bachelet was appointed today by the UN General Assembly as the world body's next top human rights official to replace Jordanian diplomat Zeid Ra'ad al-Hussein .
- Pak Navy's maritime security ship 'Kashmir' to visit Colombo Port
- Pakistan Navy's sophisticated maritime security ship 'Kashmir' will arrive at Sri Lanka's Colombo Port on a four-day goodwill visit from Monday, it was announced here today.
- Djokovic sets sight on Cincinnati Open glory
- Kelly Osbourne celebrates one year of sobriety
- Turkey turmoil sends ripples across world stock markets, euro falls
- Erdogan tells Turks to buy free-falling lira as Trump doubles metals tariffs
- China's central bank to maintain prudent monetary policy, ensure stable yuan levels
- Euro zone banks hammered for Turkish exposure
- China expects its U.S. agricultural imports to fall sharply
- Snapdeal's 'Deals of India' celebrates the spirit of India
- Indian envoy calls on Imran
- Erdogan tells Turks to buy free-falling lira as US doubles metals tariffs
- Ways of seeing
- Hindalco Q1 PAT at Rs 4.13 bn, up 30% YoY on better operational performance
- Odisha ready to auction 17-18 mineral blocks, says Union mines secretary
- Ind vs Eng 2nd Test Day 2: Pujara run out for 1 as rain returns again
- McLeod Russel to sell third tranche of tea estates in Assam, Bengal
- Huawei's Consumer Business Chief Talks Market Share, Kirin 980, And Mate 20
- Channel - Block D - Billionaires - blog - Position 4 - Why A British Hotelier And Ghanaian Entrepreneur Are Building Petronia City
- Channel - Block D - Billionaires - blog - Position 5 - New Details About Wilbur Rossâ Business Point To Pattern Of Grifting
- New Details About Wilbur Rossâ Business Point To Pattern Of Grifting
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- MoHFW and Ministry of Tribal Affairs sign an MoU for extending services of School Health Programme to schools supported by MoTA
- Single large facility in each State for women and children will help to ensure proper care and protection: Smt Maneka Sanjay Gandhi
- Curtain Raiser: Exercise SCO Peace Mission 2018
- Cage Farming in Karnataka
- Interest Subvention on Loan of Farmers
- Promotion of Zero Budget Natural Farming
- Insurance Cover for Damage of Crops by Animals
- The scope of the Indecent Representation of the Women (Prohibition) Act, 1986 to be broadened: Smt Maneka Sanjay Gandhi
- More than 7 lakh out of school adolescent girls (11-14 years) benefitted under the scheme for Adolescent Girls in 2017-18
- NCW to train 60000 women across the country through its Digital Literacy Programme in collaboration with Facebook
- Fake Website
- Lok Sabha passes Bill to encourage institutional arbitration
- Bosch net up 42% in Q1
- Centre's minimum wages scheme exact copy of ours: AAP Minister
- Ready-to-assemble homes provider wins Samsung start-up award
- The Lok Sabha on Friday passed a bill that seeks to encourage institutional arbitration for settlement of disputes and make India a centre of robust Alternative Dispute Resolution (ADR) mechanism.
- The Odisha government is planning to put up around 18 mining blocks including iron ore mines for auction this financial year, said Union mines secretary Anil G. Mukim on Friday.
- Nepal and Bangladesh on Friday signed a memorandum of understanding to work together in the development of the energy sector for the first time.
- With the Rajya Sabha on Friday passing the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018, the legislation has got Parliaments approval as the Lok Sabha has already cleared it.
- Centres minimum wages scheme exact copy of ours: AAP Minister
- Yamla Pagla Deewana Phir Se TRAILER gets Gujarati Love twist
- How a video game may improve empathy in middle schoolers
- Imran to take oath on August 18, ex-Indian cricketers invited
- Ryanair pilots on strike, thousands affected across Europe
- Microsoft to stop hosting Gab if anti-Semitic posts stay
- Ryanair pilots went on a 24-hour strike on Friday in several European countries in protest against the stagnation of negotiations on wages and working condition, forcing the Irish low-cost airline to cancel 400 flights on Friday affecting thousands of people.
- Gab, a US-based social network of choice for the far right, is facing suspension of hosting services from Microsoft over two anti-Semitic posts, the media reported.
- Rains intensify, all 5 floodgates of Idukki dam opened (Second Lead)
- Delhi cabinet approves CCTV projects (Lead)
- Modi to address IIT-Bombay convocation
- Sonia leads Congress protest on Rafale deal, seeks JPC probe (Lead)
- Four persons, including two women, were arrested on Friday in Ghaziabad on charges of luring rich boys using honeytrap and extorting money from them by threatening to slap rape charges on them, police said.
- Expressing concern over sexual abuse of minor girls at shelter homes in Uttar Pradesh and Bihar, the Supreme Court on Friday sought a report from the Centre on utilisation of funds meant for childcare institutes.
- The Indian Army has launched a major rescue and relief operation in flood-ravaged Kerala where torrential monsoon rains have killed at least 27 people and left thousands homeless due to flooding and landslides.
- The BJP has not yet received permission from the city police to install a drone to monitor security arrangements at Amit Shah's rally in the city on Saturday.
- Debutant director Amar Kaushik of Rajkummar Rao and Shraddha Kapoor starrer "Stree" says receiving appreciation from the international film festival for his short film helped him in gaining confidence to work on a feature film with stars.
- The Southern Naval Command at Kochi has rescued scores of people stranded in the flood-hit areas of Kerala as part of the Indian Navy's "Operation Madad" for the rain and landslide-ravaged state.
- The Supreme Court will hear next week a plea by Congress leader Kamal Nath for directions to the Election Commission to carry out verification of VVPAT units in at least 10 per cent randomly selected booths in each constituency of Madhya Pradesh ahead of Assembly polls.
- A bill was introduced in the Lok Sabha on Friday to omit provisions discriminatory towards leprosy patients from different personal laws.
- On the last day of the Delhi Assembly monsoon session, the House passed a resolution to form a committee which would find a solution to the stray dogs and monkey menace in the city.
- Declare Kerala floods national calamity: CPI
- The CPI on Friday urged the union government to declare Kerala floods as a "national calamity" and enlist the services of the armed forces for rescue and relief operations.
- With heavy rains continuing in Idukki, the authorities in Kerala were forced to open the remaining two more floodgates of the nearly overflowing Idamalayar dam on Friday afternoon even as the death toll reached 27 in the state.
- 61 new emoji characters shortlisted for release in 2019
- Unicode Consortium, the organisation that regulates emojis has shortlisted 179 candidates -- 61 characters plus variants -- for release in 2019.
- Atletico Madrid gearing up for Inter Milan clash
- Ahead of Asiad, young shooter Anish's focus solely on training (IANS Interview)
- Thailands golfer Danthai Boonma went on a birdie spree as he slotted birdies in each of his first seven holes to blaze through the second round in 10-under 61 at the Take Solutions Masters at the KGA Course here on Friday.
- Jamshedpur FC will depart for Madrid on August 14 to take part in the pre-season camp ahead of the Indian Super League (ISL) football season.
- The possible departure of central defender Jerome Boateng is causing a controversial debate at Bayern Munich. While the club's management favour selling the 29-year-old German international this summer, coach Niko Kovac and several stars are demanding that Boateng stays.
- Zephyr flies for more than 25 days
- Government suffers embarrassment in Rajya Sabha
- Turmeric Eye Drops May Help Treat Glaucoma
- Younger population now falling prey to head and neck cancer: Experts
- PETA to approach college students to promote veganism
- Veteran researcher leaves Apple after a little over a year
- Gujarat government announces health check-up plan for elderly
- Extracurricular activities may do more harm than good
- I would love to wear diamonds any day: Mithali Raj
- Indian film ‘Manto’ set for Cannes Film Festival journey
- Ronnie Screwvala provides platform to seven new directors (Lead)
- Terrorists shoot imam of Hanifa Mosque in Jammu and Kashmir’s Pulwama
- ‘Kaala’ releases in TN amid fanfare
- First Look: Samsung Galaxy Watch
- Samsung Galaxy Watch: First Look
- Parliament passes bill to amend Insolvency and Bankruptcy Code
- NRIs not allowed to file RTIs: Government
- Rajiv Gandhi assassination case convicts can’t be released: Government tells SC
- UP set to become a trillion-dollar economy: President Ramnath Kovind
- No authentic report to indicate data breach higher in India: S S Ahluwalia
- Government starts countervailing investigations on certain steel items from China, Vietnam
- Sitharaman, UP CM to launch defence industrial corridor in Aligarh on Saturday
- Parliament passes bill to amend bankruptcy code
- Rajiv case convicts can’t be released: Govt tells SC
- Singh Brothers directed to disclose foreign accounts
- IndiGo to use cash 'wisely' amid uncertainties
- Anil Ambani is ready to call his big brother
- Monsoon session: Most productive for Lok Sabha since 2000
- PokerBaazi
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- InterGlobe's Chief Operating Officer Wolfgang Prock-Schauer said that on A320 neo planes, it has full confidence.
- Ad: Mobiistar India
- New ecommerce policy will help India in WTO negotiations: Commerce department
- The Latest: Judge in Manafort case calls extended recess
- Rajiv Gandhi assassination case convicts canât be released: Government tells SC
- Social audit of 3000 shelter homes done, more than 40 shut: Maneka Gandhi
- Indian envoy calls on Pakistan Prime Minister-in-waiting Imran Khan
- Maldives seeks scaling back of Indian presence as it woos China
- Rajiv case convicts canât be released: Govt tells SC
- Govt bonds end mixed, call rates remain lower
- Investors can hold shares in physical form
- The legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to aid quick resolution of several bankrupt firms.
Kansas governor's aide: Kobach promise on count not enough TOPEKA, Kan. (AP) â" An aide to Kansas Gov. Jeff Colyer says Secretary of State Kris Kobach's promise to remove himself from further counting in their contested Republican primary race is not enough. - The court had asked the government to place its stand before it two years ago. In its response filed on Friday, the government said at least 16 innocent people had also died in the blast that killed Rajiv Gandhi.
- Two teams with Gemini boats commenced rescue operations at Kalpetta, Wayanad and at Panmarum (13 km south of Mananthavady), where they evacuated 55 stranded people till 12 noon today, a defence press release said.
- Chairman M. Venkaiah Naidu said the House had 74 per cent productivity and passed 14 bills over 17 sittings.
- Six nodal points have been identified in state -- Agra, Aligarh, Lucknow, Kanpur, Chitrakoot and Jhansi -- for the corridor.
The Latest: Judge in Manafort case calls extended recess Parliament passes bill to amend bankruptcy codeThe legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to aid quick resolution of several bankrupt firms. Rajiv case convicts canât be released: Govt tells SCThe court had asked the government to place its stand before it two years ago. In its response filed on Friday, the government said at least 16 innocent people had also died in the blast that killed Rajiv Gandhi. NRIs not allowed to file RTIs: Government Minister of State for Personnel and Training Jitendra Singh said only citizens of India have the right to seek information under the provisions of RTI Act, 2005. Govt bonds end mixed, call rates remain lower The 7.17 per cent 10-year benchmark bond maturing in 2028 slipped to Rs 96.14 from Rs 96.1950. 'Investors can hold shares in physical form' The clarification comes after the Sebi received several calls concerning the applicability of its directive. Government starts countervailing investigations on certain steel items from China, Vietnam The investigation has been initiated by the Directorate General of Anti-Dumping and Allied Duties (DGAD), under the commerce ministry, on a complaint by domestic manufacturers. Parliament passes bill to amend Insolvency and Bankruptcy Code The legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to aid quick resolution of several bankrupt firms. NRIs not allowed to file RTIs: Government Can govt save Rs 12k cr in the next oil bill? NEW DELHI: Prime Minister Narendra Modi today set a target to triple ethanol production in four years to help save Rs 12,000 crore in oil import bill by mixing the sugarcane extract in petrol as well as boost farm income.Speaking at a function here to mark World Biofuel Day, he said about Rs 10,000 crore is being invested in setting up 12 bio-refineries in the country that will produce fuel from crop stubble and residue as well as urban waste."Biofuels can help reduce import dependency on crude oil. They can contribute to a cleaner environment, generate additional income for farmers and create rural jobs," he said.Modi said fuel generated from sugarcane and crop residue not only gives additional income to farmers but also helps the environment by the safe disposal of farm stubble.The world's third largest oil consumer is dependent on imports to meet 81 per cent of its needs and substituting some of the fuel with biofuels will help cut import dependence.India started blending ethanol, produced as a by-product during the process of making sugar from sugarcane, in petrol during the first NDA regime in 2002. But the programme slowed almost to a grinding halt in the 10-year rule of Congress-led UPA.Modi said the programme to mix ethanol in petrol was revived when the BJP-led NDA came to power again in 2014."As a result of the efforts of the Centre, ethanol blending in petrol increased from 38 crore litres in the ethanol supply year 2013-14, to an estimated 141 crore litres in the ethanol supply year 2017-18," he said, adding this saved close to Rs 4,000 crore in oil import bill.The target, he said, is to raise ethanol production for doping in petrol to 450 crore litres in four years that will save Rs 12,000 crore in import bill.India spent nearly USD 88 billion (about Rs 5.9 lakh crore) on import of crude oil in 2017-18."Our target is to raise blending of ethanol in petrol to 10 per cent by 2022 and to 20 per cent by 2030," he said.Currently, petrol contains 3.8 per cent of ethanol.The bio-refineries being set up will generate about 1.5 lakh jobs in the entire value chain, he said.Also, the government approved the National Policy on Biofuels in June this year which seeks to produce fuel that can be doped in petrol and diesel from agriculture and municipal waste as well as crop residue, he said.Fuel is targeted to be produced from crop stubble, which otherwise is burnt every year causing pollution and erosion in soil's nutrient value. It can also be produced from damaged crops, he said, adding efforts are on to also generate fuel from urban waste as well as bovine excreta.He said bio-CNG generated from cow dung can be used as a fuel in transport vehicles to cut petrol and diesel consumption. "Biofuels have synergies with various government initiatives, including enhancing farmers' incomes, and Swachh Bharat," he said.Listing measures of the government on using environment-friendly fuel, he said recycled plastic is being used in road construction while electricity generated from solar panels is being extensively promoted.Besides, LED bulbs are replacing conventional lighting in railways and ports, he said.As many as 5 crore cooking gas LPG connections have been given to poor women households in the last two-and-half years to give them smokeless kitchens, helping improve their health and environment, he said.Modi said his government has raised minimum support price or MSP for 14 kharif (summer season) crops, fulfilling the promise of giving a rate that is 50 per cent more than the cost of production.Responding to critics that the increase was not commensurate with the promise, he said renowned agriculture scientist M S Swaminathan has in a recent article praised the government's steps to boost farm income.Also, the Fair and Remunerative Price (FRP) for sugarcane for 2018-19 crop year has been hiked by Rs 20 to Rs 275 per quintal and it now gives 80 per cent profit over the cost, he said."This enhanced rate will benefit crores of farmers," he said.The Prime Minister said schemes such as Jan Dhan, Van Dhan and Gobar Dhan are helping to transform the lives of the poor, the tribal population and the farmers.He said the transformative potential of biofuels can be realised only through the participation of students, teachers, scientists, entrepreneurs and the people.He urged everyone present to help take the benefits of biofuel to the rural areas.The Prime Minister also released a booklet on 'National Policy on Biofuels 2018'. He also launched the 'Proactive and Responsive Facilitation, by Interactive and Virtuous Environmental Single-window Hub' (PARIVESH), a web portal for speedy environment clearance of projects. Singh Brothers directed to disclose foreign accounts Former Fortis Healthcare promoters Malvinder and Shivinder Singh have been restrained from operating their bank accounts in India and Singapore for the moment as the Delhi High Court wants to understand whether they will be able to satisfy a Rs3,500-crore arbitration award against them.The Singhs, personally present at the high court on Friday, were questioned on the bank accounts and properties they held in India and abroad. This is the first time the brothers have made an appearance at the Indian court since Daiichi Sankyo initiated the arbitration award enforcement proceedings against them in 2016. Justice Rajiv Shakdher, currently hearing the case, suggested the brothers should declare themselves insolvent if they were unable to pay Daiichi's award, but that their assets could not be kept away from the court in this matter. The court will hear this case next on September 5.âIf they donât have the money, why donât they declare themselves insolvent? Either they have the money or they donât have the money,â Justice Shakdher told the Singhsâ counsel on Friday.In the meantime, the judge has not passed any orders to block an upcoming extraordinary general meeting (EGM) on August 13 for Fortis shareholders to approve a proposed deal between the hospital chain and Malaysian healthcare group IHH. Daiichi had sought to stall this EGM claiming that its second proposal to de-promoterise the Singhs would âcut the umbilical cordâ tying the brothers to Fortis Healthcare and would leave the Japanese firm âwith nothingâ.The court directed the Singhs to disclose details of bank accounts held in India and outside the country, including statements of these accounts from April 2016 till present. The brothers will also have to disclose any property held in India and abroad.Apart from this, the Singhsâ holding companies RHC Holding Pvt Ltd and Oscar Investments Ltd, have also been directed to place on record bank statements for the same period.Malvinder Singh has been directed not to finalise any sale or transaction related to an apartment he had bought in Singapore, for which he had taken a loan from DBS bank. Singh was in the process of finalising a sale of this property as he is unable to pay the EMI.The court has directed him to produce the apartmentâs title document as well as the gift deed for a sculpture, valued at over Rs7 crore, that he had gifted to his daughter last year.Any additional bank accounts previously not disclosed would also have to be disclosed, according to the judge.During the proceedings on Friday, Shivinder Singh told court that an inherited property in India had already been encumbered and was sold for around Rs 185 crore to pay back IndiaBulls.He also told court that the Singh family had ânothingâ to do with Religare Health Trust in Singapore, which holds 12-14 assets that Fortis Healthcare plans to buy back following its Rs4,000-crore deal with IHH. Daiichi had argued that the brothers held stake in the foreign trust, but Singh clarified that the family was not receiving any benefits from this trust since he and his brother were de-promoterised as shareholders.He further added that the family âneverâ held any stake in Prius Commercial Real Estate Pvt Ltd after Daiichi raised issue with the brothersâ reported talks to sell six commercial properties held by the company to Black Rock for a consideration of Rs 1,000 crore.His stake in Fortis Healthcare are âas good as nothing nowâ and the shares he held in the company were already transferred towards part payment of Daiichiâs award, he said.The Singhsâ âextensiveâ negotiations with âmotivatedâ buyers to secure a deal for their controlling stake in Fortis over the last year had been âthwartedâ by Daiichiâs constant interventions at court, according to the brothersâ reply at court.The brothersâ controlling stake in Fortis was diminished following an order by the Supreme Court in February this year that allowed banks to invoke and sell Fortis shares pledged to them, argued their counsel, Amit Sibal. âWe were trying to avoid a fire sale,â he said. âAt every stage, we were trying a stake sale,â he added.However, Justice Shakdher also questioned the counsel over why they did not disclose the existence of a top-up agreement that was linked to the brothers shares in Fortis pledged to different banks when they had disclosed the value of their unencumbered assets to court last year.While the brothers did not divest unencumbered shares following their disclosure, the top up agreement allowed banks to encumber more shares if the value of Fortisâ stock dropped below a certain threshold, explained Sibal. âHow can you file an affidavit that only speaks half-truth?â Justice Shakdher asked.During the last hearing on August 1, the court had summoned the brothers in order to understand the assurances that they had given last year to ensure that sufficient funds would be available to satisfy Daiichi's award.Justice Shakdher had told the Singhs' counsel that "somebody" would have to "cough up" Daiichi's money or "go behind bars". IndiGo to use cash 'wisely' amid uncertainties in aviation sector IndiGo's parent InterGlobe Aviation today said it would utilise cash "wisely" and weather the current storm in the aviation sector even as it indicated that hiking airfares could become counter productive.No-frills airline IndiGo is the country's largest carrier with nearly 41 per cent market share.At InterGlobe's annual general meeting today, the company's Chief Financial Officer Rohit Philip said it is cautious from the financial perspective in "using cash wisely" as he sought to allay shareholders apprehensions about the prevailing scenario in the airline industry."We also want to be cautious with our cash balance given that uncertainty in the economic environment. You always have to preserve cash in this business, we are obviously very cautious from the financial perspective in using our cash wisely," he said.The aviation industry is grappling with multiple headwinds, including high fuel prices and low fares amid intense competition.The company's Co-Founder Rahul Bhatia harped on the low structure model and "cash in bank" to grow and sustain in the industry, fearing any move to raise fares would prove counterproductive.According to him, it is inconceivable that an entity other than the one which has the lowest cost structure and the strongest balance sheet would prevail."For us to start to raise fares, I think that would be counterproductive to what we are trying to do... whatever is happening in the market, I think we have been intelligent about keeping cash in the company and to weather the storm that is currently in play," he said.InterGlobe reported a 97 per cent fall at Rs 27.79 crore in the three months ended June -- the biggest-ever drop since getting listed in 2015.InterGlobe's senior executive Gregory Taylor said the trend in the Indian market has been contrary to the worldwide market. In India, fares on tickets booked 15 days prior to departure are going down "significantly".This is due to competition among airlines to get their seats filled. "Our view is that this is not sustainable", he said.IndiGo has placed orders for 430 A320 neo planes to be delivered over a 10-year period. IndiGo to take delivery of its first A321 neo this year IndiGo will take delivery of its A321 neo aircraft, which are more fuel efficient and have higher seating capacity, this year, a senior official said today.Against the backdrop of the airline facing issues with Pratt & Whitney engines powering its A320 neo fleet, officials of InterGlobe Aviation said the technical issues are under control and improvements are being initiated.InterGlobe operates IndiGo."We will take delivery of our first A321 neo aircraft over the end of the year. These are the longer version of the A320s we currently operate with higher seating capacity."... what we are planning right now is taking one extra fuel tank which makes it a six-hour airplane, we can fly in six hours. We think that is going to bring lot of opportunities to international flight, that is part of our growth plans," Greg Taylor, a senior official at InterGlobe, said.InterGlobe's Chief Operating Officer Wolfgang Prock-Schauer said that on A320 neo planes, it has full confidence. "All the technical issues are completely under control, improvements have been initiated. The aircraft with these engines are safe to fly," he added.Speaking at the company's annual general meeting here, he said, "when you hear an aircraft is grounded means it is a planned action to put an aircraft out of service to change an engine because we know some engines are to be exchanged after certain period of time"."This is a process well established," he said against the backdrop of the airline grounding six aircraft since July due to P&W engine issues.At present, IndiGo has a fleet of more than 170 aircraft, including 40 A320 neo planes.During February and March this year, 14 planes -- 11 of IndiGo and three of GoAir -- were taken out of operations due to P&W engine issues on the directions of the aviation regulator after a series of mid-air shut downs were reported by the two carriers.In the 2017 June quarter, IndiGo grounded nine A320 neo planes due to engine issues. - India vs England 2nd Test LIVE: Tea taken at Lord's
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Friday, August 10, 2018
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