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Category: Economy

“If You Don’t Innovate,You Will Stagnate:PM to Mumbaiker IITians

[Mumbai]”If You Don’t Innovate,You Will Stagnate:PM to IITians
Prime Minister of India Narendra Modi said today that IITs have built brand India globally
Addressing the 56th annual convocation of the Indian Institute of Technology-Bombay (IIT-Bombay), Modi said innovation was the buzzword of the 21st century.
“If you don’t innovate, you will stagnate. It is not just the government efforts. New ideas come from young minds at campuses and not government buildings and fancy offices,”
Photo Caption
The Prime Minister, Shri Narendra Modi attending the 56th Annual Convocation of the Indian Institute of Technology, Bombay, in Mumbai on August 11, 2018.
The Governor of Maharashtra, Shri C. Vidyasagar Rao and the Union Minister for Human Resource Development, Shri Prakash Javadekar are also seen.

Sensex Hits historic 38K Mark; Nifty Tops 11,495

[Mumbai] Sensex Hits historic 38K Mark; Nifty Tops 11,495
The BSE Sensex hit the 38,000 level for the first time today
The broader NSE Nifty too touched a new peak of 11,495.20.
The 30-share Sensex climbed 162.56 points, or 0.42 per cent, to 38,050,12 in early trade today, breaching its previous intra-day record of 37,931.42 hit yesterday.
Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, teck, metal, infrastructure, capital goods, FMCG, power and auto stocks spurred the index higher.
Asian shares were mixed in early trade amid rising trade tensions between the US and China.
US stock market indices closed mostly lower yesterday as investors grappled with a fresh round of tariff clashes between the Trump administration and China.

My Lord! Power COs Also Playing Dirty With Zodiac’s Residents

[New Delhi]My Lord! Power COs Also Playing Dirty With Zodiac’s Residents
Supreme court yesterday warned Amrapali group not to play smart with court but it is also true that apart from Amarpali Group Power Companies are also playing dirty with the 1700 Honest Tax Payers Families
Yesterday The top court, asked the power companies to restore the electricity at two projects of the group which was disconnected owing to arrears. One of them is Amarpali Zodiac Unfortunately Connection has not been restored till this morning So Residents are forced to pay Power Backup Charges @ Rs 17

आम्रपाली बिल्डर्स को बेघर करने की लीगल चेतावनी

amar pali zodiac[दिल्ली,नॉएडा] सुप्रीम कोर्ट ने खरीदारों से खिलवाड़ कर रहे आम्रपाली बिल्डर्स को बेघर करने की चेतावनी दी |सुप्रीम कोर्ट ने आज तीखी टिप्पणी करते हुए आम्रपाली ग्रुप से कहा के ज्यादा स्मार्ट न बने, एक एक सम्पत्ति बेच कर आपको बेघर कर देंगे | इसके साथ ही सर्वोच्च न्यायालय ने बिजली कंपनियों को प्रोजेक्ट से कनेक्शन जोड़ने के निर्देश जारी किये हैं |गौरतलब हे के आये दिन विशाल सोसायटियों के बिजली कनेक्शन काट दिए जाते हैं ,जिसके फलस्वरूप बिजली का भुगतान करने पर भी नागरिकों को अँधेरे में रहना पढता है या फिर रु १७ की दर से पावर बैकअप लेना पढता है |इसके अलावा इस ग्रुप के ४०००० खरीददारों को वक्त पर कब्जा नहीं दिया गया है| ग्रुप पर २७६४ करोड़ रु का फंड दूसरे प्रोजेक्टों में लगाने का भी आरोप है|
इसीको लेकर पीड़ितों ने अदालत का दरवाजा खटखटाया है| जस्टिस अरुण मिश्रा और जस्टिस ललित की बेंच द्वारा पूछे जाने पर ड्रॉप ने बताया के उन्हें अपने लंबित प्रोजेट्स को पूरा करने के लिए ४००० करोड़ रु की जरूरत होगी|

IndiGo Grounded 6th A 320 ,Shares also Down to 1.64%

[New Delhi]IndiGo Grounded 6th A 320 ,Shares also Down to 1.64%
Budget carrier IndiGo has grounded another of its A320 neo aircraft, making it the sixth aircraft to be stopped from operations since July. So its share price also suffered down fall to 1.64% BSE chart shows down fall of Rs 17.40 closing to Rs 1046,75
The aircraft has been grounded at the Indira Gandhi International (IGI) Airport
According to sources, the plane was relatively new and was grounded yesterday.
During the day, Pratt & Whitney also issued a statement saying “it is working closely with operators to address aircraft taken out of service as per established engine inspection plans”.
P&W engine woes had forced the airline to ground some of the A320 neo aircraft on earlier occasions also.
At present, IndiGo has a fleet of more than 170 aircrafts, 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.
The grounding of the IndiGo flights during this period had hit 1.08 lakh passengers.
In the 2017 June quarter, IndiGo grounded nine A320 neo planes due to engine issues. The grounding had also resulted in the airline cancelling 84 flights on a particular day last year.

Pb Cabinet Approves 40 Acre in Mohali for IT University

[Chd,Pb]Pb Cabinet Approves Land for IT University
Punjab Cabinet today approved allotment of a 40-acre site in Mohali IT City for setting up a world-class technology university.
For which project proposal will be called from the open marketIn September 2017, the Cabinet had earlier allowed the use of a 50-acre site for the establishment of a world-class technology university with focus on IT and IT Enabled Services (ITES) at IT City, Mohali.

Soni Directs to Clear Loopholes Of 2 Industrial Units of Dera Bassi

[Chd,Pb]Environment Minister Soni Directs to Clear Al Loopholes Of 2 Industrial Units of Dera Bassi within 10 Days
The Punjab Environment Minister Om Prakash Soni inspected two main industrial units Federal Agro Private Industries Limited and Nectar Life Science Limited in Dera Bassi. and found some loopholes in the functioning of Effluents Treatment Plants (ETPs) of these industrial units. Minister asked the owners of these units to fullfill all the norms within 10-day. After that necessary actions being taken against them.
Mr. Soni directed the officers of the Environment Department and Pollution Control Board (PPCB) to keep a close tab on the industries in a bid to check the contamination of natural water resources. He said that if any industry does not follow governmental norms and continues to spill out contaminated water into river then strict action would be taken against erring unit.
He also Expressed grave concern over contaminated and untreated water being thrown by the industries of Chandigarh and Haryana into Ghaggar River,
On this occasion Chairman of Punjab Pollution Control Board (PPCB) Pro. Satwinder Singh Marwaha and Chief Environmental Engineer Mr. Gulshan Rai were also present.

Indian Money in Swiss Banks Fell 80% in Modi’s 4 Yrs

[New Delhi]Indian Money in Swiss Banks Fell 80% in Modi’s 4 Yrs
Indian deposits in Swiss banks fell by 34.5 per cent in 2017 and by 80% since the Narendra Modi government came to power in 2014, Finance Minister Piyush Goyal said today, citing data from the global body of central banks, the Bank for International Settlements (BIS).
He said this in Parliament rebutting last month’s reports, which quoted the Swiss National Bank, the country’s central bank, as saying in its annual report that Indian deposits had risen by 50 per cent in 2017.
He told Rajya Sabha during question hour that he discussed the issue with Swiss authorities, who told him in a written reply that media reports “have not taken account of the way the (SNB) figures have to be interpreted”.
Last month, PTI had reported SNB data that the money parked by Indians in Swiss banks rose to CHF 1.01 billion (Rs. 7,000 crore) in 2017 after falling for three consecutive years.
However, his reply did not satisfy Trinamool Congress members who stormed into the Well of the House demanding that black money stashed in Swiss banks be brought back, forcing Chairman M Venkaiah Naidu to adjourn the proceedings for about 90 minutes.

Benami Properties @ Rs 4300 Cr Attached

[ New Delhi] Benami Properties @ Rs 4300 Cr Attached
The Income Tax department has attached benami properties worth Rs 4,300 crore till June 30
Minister of State for Finance Shiv Pratap Shukla said the government has taken various steps to identify benami properties and the I-T department has set up 24 dedicated Benami Prohibition Units across India.
“As on June 30, 2018, provisional attachments have been made in more than 1,600 benami transactions involving benami properties valued at over Rs 4,300 crore,” Shukla said in a written reply in the Rajya Sabha.
In another reply, Shukla said tax collections from foreign companies have gone up to Rs 27,561 crore in Assessment Year (AY) 2017-18, from Rs 24,541 crore a year ago.
He said as per provisions of the I-T Act, a foreign company is liable to tax all income, whether received or deemed to be received, from any source in India.
“However, the taxation of a foreign company under the Act is subject to the provisions of the Double Taxation Avoidance Agreement, if any, between India and the country of which the foreign company is resident,” Shukla said.

Miss Incidents In Indian Airspace Compiled to 28 in 2017

[New Delhi]Miss Incidents In Indian Airspace Compiled to 28 in 2017 .Probe Of Such Incedents are still in files
Near miss incidents, known as ‘airprox’ in aviation parlance, are generally those where the distance between two airborne planes is less than the prescribed safety limits.
The count of near miss incidents touched 32 in 2016 before coming down to 28 last year.
While 33 such incidents happened in 2014, the number dropped to 25 in 2015.
These figures are based on incidents reported to the Directorate General of Civil Aviation (DGCA).
Civil Aviation Ministry officials said the airprox rate per 10,000 aircraft movements has been on the decline during the 2012-17 period.
However, there has been an increase in terms of absolute number of such incidents during the same period, as per the data.
In 2012, as many as 18 near miss incidents were reported to the DGCA and the number rose to 23 in 2013. It went up to 33 in 2014, the data showed.
The count increased to 28 in 2017.
Under aviation norms, airprox incidents are classified into four categories —
‘critical’,
‘serious’,
‘no hazard’ and
‘unclassified’.
The officials noted that there was only one ‘critical’ incident during the 2012-17 period.
In recent times, there have been airprox incidents, including the one that involved two IndiGo aircraft.
This incident happened on July 10 in the Bangalore airspace. The planes were operating on Coimbatore-Hyderabad and Bangalore-Cochin routes.
The officials said this incident was classified under the ‘no hazard’ category and is being probed by the Aircraft Accident Investigation Bureau (AAIB).
India is one of the fastest growing aviation markets in the world and many domestic airlines have placed orders for a large number of aircraft as they look to cater to the rising passenger traffic.