Latest News Headlines Sat Aug 11 09:40:09 IST 2018

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46. Notification of Creation of Fake Portal by Fraudsters in the name of Prime Minister Sukanya Samridhi Yojana, 2018
47. Application inviting for National Children Award
48. Participation Form for Women of India Organic Festival 2018
49. Compensation Scheme for Women Victims/Survivors of Sexual Assault/other Crimes - 2018
50. Guidelines of National Children Award
51. Vacancy Circular for filling up of various posts by transfer on deputation basis in the NNRC-CPMU under the IBRD assisted POSHAN Abhiyaan (27 July, 2018)
52. Meeting Notice for opening of Financial Bids regarding outsourcing of Manpower in the Ministry
53. Inviting proposal for engagement of Consultant for 'Women of India Organic Festival 2018, Delhi
54. Coverage of Anganwadi Workers (AWWs)/ Anganwadi Helpers (AWHs) under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY); Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Anganwadi Karyakarti Bima Yojana (AKBY) and benefits available to them
55. Request For Proposal for Engagement of an Event Manager for Women of India Organic Festival 2018
56. Expression of Interest cum Proposal (RFP) for hiring a consultancy agency for Sustainable Development Goals related to women and children.
57. Recommended Panel of Institutions organisation for imparting training Programmes/workshops under Sexual Harassment of Women at Workshop (Prevention, Prohibition and Redressal) Act, 2013)
58. Hiring of Consultants in Monitoring & Evaluation (ME) Unit of MWCD
59. Admission in Advanced Diploma in Child Guidance and Counselling 2018-19
60. NITI Aayog and CII Partner for India's Sustainable Development - Mercom India
61. Niti Aayog to host investors' conference for eco-tourism in Andamans, Lakshadweep - Times of India
62. China detains 1 mn ethnic Uighurs: Reports
63. India gets first all-women SWAT team, all 36 commandos from northeast
64. SWAT team
65. Channel - Block D - Billionaires - blog - Position 4 - New Details About Wilbur Ross’ Business Point To Pattern Of Grifting
66. Channel - Block D - Billionaires - blog - Position 5 - Papa John’s Agrees To Financial Relief For Franchisees
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72. Anderson's fifer knocks India out for 107 in Lord's Test
73. A UN human rights committee has heard there were credible reports that China is holding a million ethnic Uighurs in "counter-extremism centres".
74. Missiles thrown near Israeli border
75. Ask Me Anything': Google discreetly launches Cameos app for celebrities
76. Vasundhara Raje announces complete loan waiver for over 12,000 farmers
77. Comprehensive grievance redressal system must be established in each state: Oxfam
78. Donald Trump makes dinner plans with Apple CEO T...
79. Demi Lovato to get psychiatric treatment in Chic...
80. Donald Trump makes dinner plans with Apple CEO Tim Cook, tweets
81. Uttar Pradesh government may not seek farmers’ consent to buy Jewar land
82. The new social media app will make your search about celebrities a little more interesting.
83. The deferment will be a relief to the sector which sought the auctions to be held 2019 late due to financial stress.
84. What could have possibly led to the postponement of results at Jet?
85. Two killed in fresh Gaza protests but Israel-Hamas truce holds
86. Company law and governance experts along with senior finance professionals believe it takes more than what meets the eye for a company to postpone its results.
87. The deferment will be a relief to the sector which sought the auctions to be held late due to financial stress.
88. Biyani’s Home-Town placed ads on walls across the IKEA outlet, those were visible even from the store's inside.
89. Relatives of the 21-year-old medic gathered in the morgue of a hospital in Khan Yunis where his body lay, while outside his colleagues mourned.
90. India's wait for 5G just got a bit longerThe deferment will be a relief to the sector which sought the auctions to be held 2019 late due to financial stress.
91. NEW DELHI: The government is unlikely to hold the spectrum auction this fiscal year as the financially stressed sector will take some more time to stabilise fully and an early sale could affect demand for airwaves, including the prized 5G.“We need to give some time to the telcos after announcing the auction prices. Right now, who has the money to pay? Let the industry stabilise…we will most likely have the auctions next fiscal,” said an official who did not wish to be identified.The deferment will be relief to the sector which sought that the auctions to be held late 2019 on account of the financial stress exacerbated by debt of nearly Rs 8 lakh crore. A little over a week back, the Telecom Regulatory Authority of India (Trai) recommended the starting prices for spectrum in the 4G bands of 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2100 MHz, 2300 MHz and 2500 MHz, besides 5G airwaves in the 3300-3600 MHz bands.Trai suggested that at least 8600 MHz of airwaves be offered to Bharti Airtel, Reliance Jio Infocomm and the Vodafone India-Idea Cellular, estimated to fetch over Rs 5 lakh crore, if all bandwidth is sold at base price. The regulator, though, left the timing of the sale to the Department of Telecommunications (DoT) in a nod to the financial stress in the sector but also said the auction should not be delayed.The DoT will now take a final decision on the pricing and timing before sending it to the Union cabinet for approval.Industry watchers say the department would want to avoid a situation where airwaves, especially the 5G ones as well as the ones in the premium 700 Mhz band â€" whose starting price was cut 43% from the last sale â€" go unsold once again. That would mean a major embarrassment for the government which has been very vocal about its intent to introduce 5G in tandem with the rest of the world.The DoT had managed to sell just 41% of all the airwaves on offer in the October 2016 auction, fetching nearly Rs 66,000 crore out of the over Rs 5 lakh crore worth of airwaves on sale.The communication ministry would need to factor in the views of the finance ministry which needs funds to meet its fiscal deficit target of 3.3% for FY18-19 and for social sector spending in the run-up to the general elections in 2019.The government has budgeted in FY19 revenue from the sector at Rs 48,661.42 crore, a 58% rise from the year ago, but far lower than the Rs 78,715 crore it received in FY16-17 with the October 2016 bandwidth sales.“We think that the auction should take place in the second half of 2019, and even then, these rates are going to be expensive,” said Rajan Mathews, director general of industry body Cellular Operators Association of India.Trai has pegged the base price of 5G airwaves at Rs 492 crore per unit, or Rs 9,840 crore for pan-India airwaves and suggested the band “should be put to auction in the block size of 20 MHz.” For 700 MHz, the authority proposed cutting the base price to Rs 6,568 crore a unit, or Rs 32,840 crore for a block of 5 MHz.“Besides the cost of acquiring spectrum, the rollout of networks is also burdensome for the debt weary industry. 5G is still settling down as specifications and the ecosystem could take until 2020 to settle down, when it might be more appropriate,” said industry veteran Sandip Das, now a senior adviser at consultancy firm Analysys Mason.
92. Though Jet Airways has tried to downplay the impact of the postponement of quarter results over the last two days, senior finance veterans and corporate governance experts believe that is clearly a governance issue here. And lack of clarity on the possible reasons leaves ample room for speculation.“This is a governance issue. Comprehensive and timely disclosure of information is an important tenet of corporate governance,” says senior finance professional, Milind Sarwate who has been former CFO at Marico. “The opacity of this development brings about some doubts as to how Jet Airways is governed. It is better if Jet Airways brings clarity to this matter at the earliest,” he adds.Other voices are in broad agreement that there is something serious at stake. “You are not being able to communicate the bad news to investors that, tells that there is something amiss,” says Shriram Subramanian, Managing Director, InGovern.Sarwate and Subramanian are in agreement that it could not have been mere bad results that required the postponement of results. Good accounting disclosures and constant communication with stakeholders is adequate to share bad news with the market and other broader stakeholders.Subramanian believes “it raises a red flag. Investors are aware that the aviation sector is in a rough phase and it was expected that the numbers will not be good. We have seen Indigo has already declared its results showing 73% drop in profits. It is surely not an industry specific matter.”Asish K Bhattacharyya, Professor, Institute of Management Technology, Ghaziabad says that the “audit committee in general may not recommend the results where say the accounting policy adopted by management is not acceptable to the committee or if the auditor points out some kind of lack in internal control systems or some information is not available.”Jet Airways CFO & deputy CEO, Amit Agarwal merely says “there are certain documentation issues which we are closing. That's it.” He did not comment on the specifics in a chat with ETCFO.Though postponement is not unheard of in India Inc, it is usually a signal of deeper distress especially in large companies such as Jet. This was seen in the recent case of Fortis Healthcare or in 2014 when United Spirits’ audit committee sought additional clarifications of the management.Jet’s issues could be across a range. Sarwate can think of a few possibilities even as he believes “lack of information leads to intrigue. It would have been better for Jet Airways to elaborate on the reasons for the deferment of the meeting.”Some of the possible reasons could be:Contentious issue that came up in the discussion with statutory auditors, leading to a deadlock. The meeting could have been postponed to get time to sort it outSome internal audit finding that is material in the context of the financial results, such as a large irregularity, or there could be some issue relating to governance that is complex and needs time to resolveOr some issue between the Jet promoters and Etihad that has created a deadlock on accountsIn sum, postponement of results does not augur well. As Pranav Haldea, Managing Director at Prime Database points out that there is no reason for Jet not to declare its results on time. “As an investor, you feel more comfortable if there is certainty. Markets just don’t like uncertainty, the stock price will get hammered.” It did on Friday too as the share prices closed near 9% down.“Going forward, the company should not only declare the financials but should explain the investors why it did seek an deferment in terms of declaring the results,” says Haldea.An early attempt at bringing clarity to the situation will certainly help as Sarwate points out that such episodes leave a lasting adverse impact on shareholder value. “After all, the Audit Committee and the Board meetings can not be postponed for long. Listed company managements can run away from issues for some time, they cannot hide forever.”
93. Delhi: Expect 1.4 lakh more CCTVs across capital, govt says will cut crime by 40-50%
94. Surya Grahan or Solar Eclipse 2018: Facts and safety tips for watching
95. With Note 9, Samsung needs to capture the enterprise market; here is why
96. Batti Gul Meter Chalu actor Shahid Kapoor: Making socially relevant films is of utmost importance
97. Monsoon Festival at Osho Ashram begins today
98. Bombay High Court earmarks funds for govt shelter homes
99. Yashwant Sinha: Modi’s ministers have no work, all running from PMO
100. Echoing Sinha, Arun Shourie, another BJP veteran and former Union minister, said that the Modi government was a government of two men â€" BJP president…
101. Indrani forged my Class XII certificate: Mekhail Bora
102. Tripura’s small tea growers are going organic â€" and that might just be the key to resurrect the ailing tea industry of the state.
103. The order by Bombay High Court comes in the backdrop of incidents of rape and abuse being reported from shelter homes in Bihar and Uttar Pradesh.
104. Mumbai: Substance found at cop’s home, police station to be retested
105. A range of Osho meditation techniques will be practiced throughout the day and the nights will be filled with music, dancing and painting. The event will host a food festival with tastes from across the globe.
106. Against Saibaba’s bail plea, ‘three letters recovered from Maoists’ submitted before Nagpur HC
107. Vishwaroopam 2 movie review: With an intelligent spy film, Kamal Haasan delivers promises
108. Terror attacks foiled, 3 with links to hardline Hindu groups held: Maharashtra ATS
109. Ind vs Eng 2nd Test: ताश के पत्‍तों की तरह बिखरी टीम इंडिया, फैंस के निशाने पर आए ये क्रिकेटर्स
110. With Galaxy Note 9, Samsung needs to capture the enterprise market; here is why
111. Partial Solar Eclipse 2018 today: Timings in India, visibility, how to watch, and more
112. Samsung Galaxy Note 9 price in India now official: Here are the details, pre-book offers
113. Largest limestone mine to be auctioned in Gujarat
114. Vidarbha Defence Industrial Hub: Maharashtra government sanctions 20 acres
115. Tesla CEO Musk accused in lawsuit of fraud over going-private proposal
116. India vs England: Arjun Tendulkar helps ground staff at Lord’s
117. The Newsroom
118. புற்றுநோய் வழக்கு: மான்சாண்டோ நிறுவனம் 289 மில்லியன் டாலர்கள் இழப்பீடு வழங்க ஆணை
119. Mamnoon shelves Ireland visit for PM's oath-taking ceremony
120. Islamabad, Aug 11
121. Pakistan President Mamnoon Hussain has cancelled his Ireland visit to administer the oath to Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan as the 21st Prime Minister of the country.
122. MEDIA -T V PROGRAMME
123. Provisional bail of Lalu Yadav extended to August 20
124. Ranchi, Aug 10 (UNI) The Jharkhand High Court today extended the provisional bail of jailed former Bihar Chief Minister and RJD supremo Lalu Prasad Yadav till August 20.