- Lok Sabha adjourned till 1 PM following uproar by Congress and TRS members on Rafale deal
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- Circular-2_Seeking comments/views/suggestions on the draft proposal for amendment of Recruitment Rules of IBES
- PM’s remarks on the election of Shri Harivansh as Deputy Chairman of the Rajya Sabha
- World Biofuel day to be observed on 10th August 2018
- Khangchendzonga Biosphere Reserve Becomes 11th Biosphere Reserve from India to be Included in the World Network of Biosphere Reserves
- Commerce & Industry Minister Suresh Prabhu launches Mobile App Niryat Mitra
- Sh. Hardeep Puri to launch Swachh Survekshan 2019, ODF+ & ODF ++ Protocols and Swachh Manch Web Portal
- DRI busted Foreign Currency Smuggling Racket involving Foreign Nationals; Foreign Currencies worth Rs. 6.14 crore seized.
- CBI initiates preliminary enquiry against Cambridge Analytica for alleged illegal data harvesting of Indians from Facebook
- US-China trade war deepens; Beijing announces 25 per cent import duties on US goods worth 16 billion dollars
- Allahabad HC decides to monitor probe into Deoria Shelter home sexual exploitation case
- Supreme Court to hear petitions today on the stage of criminal trial a lawmaker would stand disqualified
- Rajya Sabha to elect its new Deputy Chairman today
- Blue light from smartphones may speed blindness
- IMF forecasts India's GDP to grow at 7.5% in 2019/20 fiscal
- Sri Lankan PM assures proper facilities to refugees coming from Tamil Nadu
- First draft of Sri Lanka's proposed new constitution submitted to Parliamentary commitee
- Argentine activists gather for Congressional vote on abortion
- Strong aftershock hits Indonesia's Lombok, bringing down buildings
- NDA's Harivansh elected as Rajya Sabha Deputy Chairperson
- Basic Education in the country should be in Indian languages only: Vice President
- Vice President expresses grief over the passing away of Shri M. Karunanidhi
- Delegation of OBC MPs and leaders calls on PM
- PM condoles the passing away of Kalaignar Karunanidhi
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- Indian telescope discovers most distant radio galaxy ever
- Bihar Social Welfare Minister Manju Verma resigns
- Delhi HC refuses to grant any interim relief to Rahul Gandhi in Herald Case
- All Kailash Mansarovar Yatra pilgrims evacuated from Simikot
- Forests key to achieving climate goals: Study
- Parliament adjourned for day after paying obituary to Karunanidhi
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- Niti Aayog's Rajiv Kumar calls for inter-operability among stock exchanges - Economic Times
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- New quake jolts Indonesia's Lombok
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- Lok Sabha adjourned briefly over Rafale row
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- Argentina Senate rejects bill legalizing abortion
- Shortlist announced for Shakti Bhatt First Book Prize
- Flipkart deal: Taxman wants Walmart to file for withholding tax in 15 days
- Adani's coal mining project in Australia may hinge on court, woes continue
- Railway exam: World's largest online recruitment drive sees 74% attendance
- Shopkeeper shot dead in east Delhi
- A shopkeeper was shot dead by two unidentified bike-borne assailants in east Delhi's Ghazipur, police said today.
- Sebi in process to develop interoperability framework for clearing corps
- Markets regulator Sebi is in the process of putting in place a framework for interoperability among clearing corporations - a move that will reduce trading cost.
- NDA candidate Harivansh elected Deputy Chairman of RS
- Ruling NDA candidate and JD(U) member Harivansh was today elected as the Deputy Chairman of the Rajya Sabha, securing 125 votes as against 105 polled by opposition candidate BK Hariprasad.
- COA chief Vinod Rai welcomes "excellent" SC order on Lodha reforms
- The Committee of Administrators chief Vinod Rai today welcomed the Supreme Court order on mandatory cooling off period for BCCI office-bearers after two consecutive terms and for putting a roadmap in place for the Board's elections.
- Walmart may approach I-T dept to determine tax liability in Flipkart deal
- US-retail major Walmart may approach Indian authorities seeking withholding tax certificates for determining the tax liability in the USD 16 billion Flipkart buyout deal.
- Senior cop justifies showering petals on Kanwariyas
- HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter
- Virtually rejecting ONGC's demand, Hindustan Petroleum Corp Ltd (HPCL) has said it is acting as per its understanding of the statute in not recognising the new majority shareholder as its promoter.
- BJP politicising NRC list issue: Chandy
- Senior Congress leader Oommen Chandy has alleged that the BJP was politicising the National Register of Citizens (NRC) issue in Assam, instead of addressing the anxiety expressed by the Opposition over the list.
- Strong aftershock rattles survivors of deadly Indonesian quake
- A strong aftershock struck Indonesia's Lombok today, causing panic among evacuees already traumatised by a devastating earthquake that killed more than 160 on the holiday island four days earlier.
- Biodegradable, paper-based batteries developed
- Scientists have created a biodegradable, paper-based battery that is more efficient than previously possible, and could help reduce electronic waste generated in the future.
- Kathleen Turner says 'Friends' actors were 'clique' and she didn't feel welcomed on set
- Veteran actor Kathleen Turner has said she did not feel welcomed by the cast of 'Friends' when she appeared in a cameo role.
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- Seoul says the rival Koreas have agreed on high-level talks next Monday to prepare for a leaders' summit.
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- Angeline Jolie and Brad Pitt's divorce is getting complicated with both the Hollywood stars battling over child support.
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- An earthquake measuring 5.9 on the Richter scale struck Indonesia's Lombok Island on Thursday, less than a week after a major earthquake in the region left at least 168 people dead, more than 1,500 injured and 156,000 affected.
- The Argentine Senate has narrowly rejected a bill to legalize abortion, dashing hopes of pro-abortion rights advocates in the predominantly Catholic country and the homeland of Pope Francis.
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- The Supreme Court on Wednesday was told by the firecrackers' manufacturers that firecrackers alone were not the sole reason for rising pollution levels during Diwali though it was one of the contributing factors, and that an entire industry can't be shut down.
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- Kenyan-born Lonah Chemtai Salpeter gave Israel its first ever track gold in the women's 10,000 metres event at the 2018 European Athletics Championships here, winning the hard-fought race in 31:43.29.
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The Latest: Russian lawmaker says US acted like police state Giant prehistoric shark teeth found in Australia Canberra, Aug 9 (IANS) A group of Australian researchers discovered a set of teeth that belonged to a giant prehistoric shark from about 25 million years ago, authorities announced on Thursday. 3 big value migration themes in next 3-5 yrs: Gautam Duggad Consumption recovery will gain strength in next 9 months, says HoR of Motilal Oswal Financial Services JP Associates, Infratech plunge up to 6% after SC ruling Rejecting Jaypee Associates plea, Supreme Court allowed the NCLT to proceed on insolvency proceedings. ICICI Bank rallies 5% on NPA clarification The bank got into the damage control mode after a media report with a headline ‘ICICI Bank masked bad loans through change in accounting policy’. COA chief Vinod Rai welcomes 'excellent' SC order on Lodha reforms The original Lodha Committee reforms suggested only one term of three years before mandatory cooling off but today's order allows office-bearers two consecutive terms before the mandatory cooling off. HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter Virtually rejecting ONGC's demand, Hindustan Petroleum Corp Ltd (HPCL) has said it is acting as per its understanding of the statute in not recognising the new majority shareholder as its promoter. "Whatever we are doing, whatever we have done and whatever we will be doing will be as per our understanding of the statute and the guidelines and Companies Act and the SEBI guidelines... "Beyond that who is interpreting whatever, it is his understanding of the situation. We need not subscribe to that," HPCL Chairman and Managing Director Mukesh Kumar Surana told reporters here. He was asked about ONGC seeking recognition as the promoter of the company post-acquisition of majority stake in HPCL. Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Post that, HPCL had become a subsidiary of ONGC. But HPCL in its regulatory filing to the stock exchanges, the latest being on July 12, still lists 'President of India' as the promoter with 'zero' per cent shareholding. ONGC, on the other hand, is listed under 'Public Shareholder'. ONGC has written to HPCL management asking it to take steps to rectify the filings to reflect the true promoter of the company. Asked about ONGC's request, Surana said, "Everybody is free to express their views... Our actions will be guided by what we think is right." Since ONGC takeover in January, HPCL has made two stock exchange filings about the shareholding pattern of the company -- the first on April 20 and then on July 12. In both, ONGC is shown as the public shareholder and President of India listed as the promoter. Sources said ONGC feels the HPCL management is bound to take corrective action to reflect the true picture. According to the Securities and Exchange Board of India's rules, the entity that owns the controlling stake should be listed as promoter even if it was not the original promoter of the company. When Indian Oil Corporation (IOC) had bought government's stake in fuel retailer IBP Co Ltd, it was listed as the latter's promoter in every instance after the deal. The same was the case when IOC acquired a majority stake in Chennai Petroleum Corp Ltd (CPCL). Surana has retained the title of Chairman and Managing Director despite corporate governance structure require a group having just one chairman and subsidiaries being run by managing directors and CEOs. ONGC's overseas subsidiary, ONGC Videsh Ltd, is headed by a Managing Director and CEO. Its refinery subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL), which is listed on BSE, too is led by a Managing Director and CEO. ONGC Chairman is the head of boards of both the companies. Since acquiring a majority stake in HPCL, ONGC has only been able to appoint one director to that firm's board. ONGC has appointed its Director (Finance) Subhash Kumar to HPCL board. He has replaced Sushma Taishete Rath, Joint Secretary in the Ministry of Petroleum and Natural Gas. Prior to this, HPCL had two government nominee directors -- Rath and Sandeep Poundrik, Joint Secretary (Refineries) of the Oil Ministry. After the appointment of Kumar, there remains only one government nominee director on HPCL board. Walmart may approach income tax department to determine tax liability in Flipkart deal US-retail major Walmart may approach Indian authorities seeking withholding tax certificates for determining the tax liability in the USD 16 billion Flipkart buyout deal. Following CCI's nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act within a fortnight. "We were told that the deal would be closed within a week of the Competition Commission of India (CCI ) approval. So we expect them to file with the I-T authorities seeking withholding tax certificate under Section 197 within a fortnight," an I-T official said. Under Section 197, any NRI selling shares can give reasons to Indian authorities as to why they should be taxed at a lower or nil rate in India. Walmart last month assured the I-T department that it will fulfil all tax obligations. Bengaluru-based e-commerce major Flipkart had in May shared share purchase agreement with tax authorities, and I-T department is currently calculating the tax rate that would be applicable for investors in Flipkart who are selling the shares to Walmart. "The I-T department is going through the share purchase agreement, reading in depth which investor has routed money from which jurisdiction and when and whether any treaty benefit apply to them," the official added. Nangia Advisors LLP Managing Partner Rakesh Nangia said lower or nil withholding tax order obtained under Section 197 before making payment to Flipkart shall act as a provisional assessment of the transaction. "The payee can represent the case before tax authorities to determine the withholding tax implication on the transaction and the payer has to consider the lower/nil withholding tax order at the time of making payment to Flipkart," Nangia said. Walmart on May 9 had announced that it will pay approximately USD 16 billion to buy about 77 per cent stake in Flipkart. Significant shareholders in Flipkart, like SoftBank, Naspers, venture fund Accel Partners and eBay, have agreed to sell their shares. Also co-founder Sachin Bansal would be selling his stake to the US retail major. The department has been reviewing Section 9 (1) of the I-T Act, which deals with indirect transfer provisions, to see if the benefits under the bilateral tax treaties with countries like Singapore and Mauritius, could be available for foreign investors selling stakes to Walmart. Singapore-registered Flipkart Pvt Ltd holds majority stake in Flipkart India. In May, the I-T department had written to Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act. Under Section 195 of the Act, anyone making payment to non-residents is required to deduct tax (commonly known as withholding tax). - There are lessons from Gandhi’s 1942 Quit India speech that are relevant even today
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- “After nearly a decade at trough levels, key business jet market indicators now all signal improvement," said Barclays aerospace analyst David Strauss.
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- According to the latest Business Jet Activity Tracker from Barclays Equity Research, cycles of midsize and large-cabin jets, the latter of which include the Dassault Falcon 8X, have “fully recovered†to pre-financial-crisis levels. (Photo: Dassault Falcon)
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- The 52nd and last C-5 to undergo the C-5M Super Galaxy upgrade departs from Lockheed Martin's Marietta plant on its delivery flight back to the U.S. Air Force. (photo: Lockheed Martin)
- NASA F/A-18
- Starting in November, NASA’s F/A-18 testbed will be flown using a “quiet supersonic dive maneuver†to aim "quiet sonic thumps" at a community over Galveston to gauge residents' perception of the boom. (Photo: NASA)
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- One of China's largest low-cost carriers is Spring Airlines. (Spring Airlines)
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- Deliveries of turboprops in the first half of this year rose about 10 percent from a year ago, buoyed by more shipments of Beechcraft KIngs Airs, such as this 350i model. (Photo: Textron Aviation)
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- Aug 7, 2018
- <p>While airports dedicated to business aviation are generally considered a great boon to private travelers, they don’t always enjoy the best of relations with their neighbors. The threat to close the Los Angeles-area Santa Monica Airport is a prime example of this dilemma, but it doesn’t have to be this way, as we found while visiting london.</p><p>Biggin Hill Airport enjoys a prime location, within easy reach the heart of the U.K. capital, and offers six-minute helicopter shuttle transfers into the city. It competes with other London area airports, including Farnborough, Luton, London City, Stansted, Gatwick and Heathrow. </p><p>The airport needed the support of the local community in what is a densely populated London suburb to get permission to extend hours, and it doesn’t take that for granted. The prospect of creating more local jobs was a big factor, and that in part came from the opening of new aircraft maintenance facilities, including Bombardier’s new European service center.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit http://www.ainonline.com and check out our AINalerts e-newsletter for all the latest on the business aviation industry: https://www.ainonline.com/subscribe-ain-alerts</p><p>Music: Cooperation Road by Unicorn Heads</p>
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- Jul 30, 2018
- <p>There is rising concern among business and individuals over the threats posed to privacy and security by proliferation of drone activity. Drones could be used to snoop into sensitive commercial information or potentially even cause damage to people or property. This is prompting those with the means to invest in security protection to seek ways to directly counter this drone threat. This is a challenge that L3 is seeking to address with its Drone Guardian counter-unmanned aircraft system. It brings together data and images from multiple sensors to give security personnel a complete picture of drone activity around the space they are trying to protect.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit https://www.ainonline.com/subscribe-defense-perspective to subscribe to our Defense Perspective e-newsletter for all the latest on the defense industry.</p><p>Music: What Does Anybody Know About Anything? by Chris Zabriskie</p>
- <p>With societal needs and expectations for travel rapidly changing, leading companies are stepping up their investment in new technology to extend the boundaries of what’s possible. This is what’s motivating the Boeing Group in its new Boeing NeXt initiative. This will see the aerospace group take a holisticâ€"and in some cases unconventionalâ€"approach to reimagining the future of transportation. We caught up with Boeing’s Chief Technology Officer, Greg Hyslop, to get his take on how Boeing envisions the future of transportation.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit https://www.ainonline.com/subscribe-air-transport-perspective to subscribe to our Air Transport Perspective e-newsletter for all the latest on the air transport industry.</p><p>Music: I Don’t See the Branches, I See the Leaves by Chris Zabriskie</p>
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- <p>While airports dedicated to business aviation are generally considered a great boon to private travelers, they don’t always enjoy the best of relations with their neighbors. The threat to close the Los Angeles-area Santa Monica Airport is a prime example of this dilemma, but it doesn’t have to be this way, as we found while visiting london.</p><p>Biggin Hill Airport enjoys a prime location, within easy reach the heart of the U.K. capital, and offers six-minute helicopter shuttle transfers into the city. It competes with other London area airports, including Farnborough, Luton, London City, Stansted, Gatwick and Heathrow. </p><p>The airport needed the support of the local community in what is a densely populated London suburb to get permission to extend hours, and it doesn’t take that for granted. The prospect of creating more local jobs was a big factor, and that in part came from the opening of new aircraft maintenance facilities, including Bombardier’s new European service center.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit http://www.ainonline.com and check out our AINalerts e-newsletter for all the latest on the business aviation industry: https://www.ainonline.com/subscribe-ain-alerts</p><p>Music: Cooperation Road by Unicorn Heads</p>"
- <p>There is rising concern among business and individuals over the threats posed to privacy and security by proliferation of drone activity. Drones could be used to snoop into sensitive commercial information or potentially even cause damage to people or property. This is prompting those with the means to invest in security protection to seek ways to directly counter this drone threat. This is a challenge that L3 is seeking to address with its Drone Guardian counter-unmanned aircraft system. It brings together data and images from multiple sensors to give security personnel a complete picture of drone activity around the space they are trying to protect.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit https://www.ainonline.com/subscribe-defense-perspective to subscribe to our Defense Perspective e-newsletter for all the latest on the defense industry.</p><p>Music: What Does Anybody Know About Anything? by Chris Zabriskie</p>"
- <p>With societal needs and expectations for travel rapidly changing, leading companies are stepping up their investment in new technology to extend the boundaries of what’s possible. This is what’s motivating the Boeing Group in its new Boeing NeXt initiative. This will see the aerospace group take a holisticâ€"and in some cases unconventionalâ€"approach to reimagining the future of transportation. We caught up with Boeing’s Chief Technology Officer, Greg Hyslop, to get his take on how Boeing envisions the future of transportation.</p><p>If you’ve enjoyed this video, please give it a thumbs-up, share it, and subscribe to our channel. </p><p>Also, visit https://www.ainonline.com/subscribe-air-transport-perspective to subscribe to our Air Transport Perspective e-newsletter for all the latest on the air transport industry.</p><p>Music: I Don’t See the Branches, I See the Leaves by Chris Zabriskie</p>"
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