General Affairs
Retirement Age For Government Doctors Will be 65, Says PM Modi
-
NEW DELHI: Prime Minister Narendra Modi today said the retirement age for government doctors will be increased from the current 62 to 65.
Addressing a rally in Saharanpur to launch the celebrations for the second anniversary for the NDA government, PM Modi said the country is facing a huge shortage of doctors - a situation that would not have happened if there were enough medical colleges in the country.
Since it was impossible to create a doctor in two years, the government was going for another option.
"Today I want to announce from the soil of Uttar Pradesh, that the retirement age for government doctors, which is 60 or 62 in some places, will be made 65 all over the country," PM Modi said.
The doctor patient ratio in India is abysmal, especially in rural parts of the country, where few doctors opt to practice. The National Urban Health Mission, which establishes a partnership with private hospitals to rope in more doctors for quality healthcare, is still in its infancy.
In view of the people's plight under the circumstances, PM Modi also appealed to the doctors to give one a month and treat pregnant women from economically backward classes for free.
The day, he said, could be the 9th of every month. "If they give 12 days out of 12 months to them, this will help poor mothers a lot," the Prime Minister added.
Addressing a rally in Saharanpur to launch the celebrations for the second anniversary for the NDA government, PM Modi said the country is facing a huge shortage of doctors - a situation that would not have happened if there were enough medical colleges in the country.
"Today I want to announce from the soil of Uttar Pradesh, that the retirement age for government doctors, which is 60 or 62 in some places, will be made 65 all over the country," PM Modi said.
The doctor patient ratio in India is abysmal, especially in rural parts of the country, where few doctors opt to practice. The National Urban Health Mission, which establishes a partnership with private hospitals to rope in more doctors for quality healthcare, is still in its infancy.
In view of the people's plight under the circumstances, PM Modi also appealed to the doctors to give one a month and treat pregnant women from economically backward classes for free.
The day, he said, could be the 9th of every month. "If they give 12 days out of 12 months to them, this will help poor mothers a lot," the Prime Minister added.
'Don't Judge Me By Editorials': Smriti Irani Recalls PM Modi's Advise
-
NEW DELHI: Smriti Irani spent the second anniversary of her party coming to power in the constituency of Amethi, which she lost much more than just respectably in 2014 to Congress Vice President Rahul Gandhi.
Seated at a tea stall in what has long been a stronghold of the Gandhi family, Ms Irani, who, at 40, is the country's youngest Education Minister, shushed a crowd that raucously supported the suggestion that she could be the BJP's presumptive Chief Minister for Uttar Pradesh, which votes next year.
"Mine is a cadre-based party, ultimately it is my party president and leadership that take a decision," the minister said, repeating herself for emphasis. "Don't think there will be sycophants around who will start screaming my name..." she added, making it clear that her party will inform her of whether she will run again for parliament from Amethi in 2019.
As the government launches a nationwide program to highlight the policies and welfare schemes of its first two years, Ms Irani was asked to describe the style of leadership of Prime Minister Narendra Modi.
Critics of Prime Minister Narendra Modi have worked over the last two years on imaging him as a leader who is unwilling to delegate much control, resistant not just to dissent but suggestions. Ms Irani said none of that is correct. "He would not even take your agreement with a pinch of salt," she said. "He would ask you why would you agree with him. And you have to explain your stand," she said.
Referring to the Congress, whose newly-elected legislators in Bengal signed a loyalty affidavit to the Gandhis, Ms Irani said, when asked about the PM's style of leadership and the dynamic at cabinet meetings, "At least in the BJP, nobody's cooking up bonds of servitude."
Ms Irani said that her own example proves how open to the Prime Minister is to feedback and his willingness to forgive mistakes. After communal riots in 2002 in Gujarat, she publicly attacked him and sought his resignation as Chief Ministser. "At that time, I was just a young kid," she said, while Mr Modi was "a star of the BJP".
"He could very well have told the organization that this upstart of a girl has said something, kindly have her sacked, or kindly put her in a place from where she never politically rises," she said.
Instead, Ms Irani recalled, "He sat down with me, he said, 'Tell me how you reached this conclusion.'" When she replied that she had been influenced by what was reported in the media, she says Mr Modi replied, "Don't judge me by editorials" and then advised her, "You ensure you see me by the programs that I roll out, see my by the effectiveness, or if there is a gap, tell me what the gap in that program is, help me work so that I can deliver on the promise of development."
Ms Irani said that the PM advised her, "I am not looking for apologies, explanations. If you can apply yourself to any one program and help me make it a success, that is something you should do for the party."
Seated at a tea stall in what has long been a stronghold of the Gandhi family, Ms Irani, who, at 40, is the country's youngest Education Minister, shushed a crowd that raucously supported the suggestion that she could be the BJP's presumptive Chief Minister for Uttar Pradesh, which votes next year.
As the government launches a nationwide program to highlight the policies and welfare schemes of its first two years, Ms Irani was asked to describe the style of leadership of Prime Minister Narendra Modi.
Critics of Prime Minister Narendra Modi have worked over the last two years on imaging him as a leader who is unwilling to delegate much control, resistant not just to dissent but suggestions. Ms Irani said none of that is correct. "He would not even take your agreement with a pinch of salt," she said. "He would ask you why would you agree with him. And you have to explain your stand," she said.
Referring to the Congress, whose newly-elected legislators in Bengal signed a loyalty affidavit to the Gandhis, Ms Irani said, when asked about the PM's style of leadership and the dynamic at cabinet meetings, "At least in the BJP, nobody's cooking up bonds of servitude."
Ms Irani said that her own example proves how open to the Prime Minister is to feedback and his willingness to forgive mistakes. After communal riots in 2002 in Gujarat, she publicly attacked him and sought his resignation as Chief Ministser. "At that time, I was just a young kid," she said, while Mr Modi was "a star of the BJP".
"He could very well have told the organization that this upstart of a girl has said something, kindly have her sacked, or kindly put her in a place from where she never politically rises," she said.
Instead, Ms Irani recalled, "He sat down with me, he said, 'Tell me how you reached this conclusion.'" When she replied that she had been influenced by what was reported in the media, she says Mr Modi replied, "Don't judge me by editorials" and then advised her, "You ensure you see me by the programs that I roll out, see my by the effectiveness, or if there is a gap, tell me what the gap in that program is, help me work so that I can deliver on the promise of development."
Ms Irani said that the PM advised her, "I am not looking for apologies, explanations. If you can apply yourself to any one program and help me make it a success, that is something you should do for the party."
India Could Lose 49 Billion Dollars In GDP By Food Price Shock: UN
-
UNITED NATIONS: India could lose USD 49 billion in GDP if global food prices double in future, according to a new UN report which said the world will likely suffer from more volatile food prices due to rising populations.
The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double.
The report said if global food prices double then China could lose USD 161 billion in GDP and India could lose USD 49 billion.
"In the future, the world will likely suffer from higher and more volatile food prices as a result of a growing imbalance between the supply and demand of food. Rising populations and incomes will intensify the demand for food while climate change and resource scarcity will disrupt food production," it said.
The report models the impact of a global food price shock on 110 countries to assess which countries face the greatest economic risk from this growing imbalance.
In terms of the highest percentage loss to GDP, the five countries that will be worst hit if food commodity prices double are all in Africa - Benin, Nigeria, Cote d'Ivoire, Senegal and Ghana. But China will see the most amount of money wiped from its GDP of any country - USD 161 billion, equivalent to the total GDP of New Zealand.
India will see the second highest loss to GDP - USD 49 billion, equivalent to the total GDP of Croatia.
It said the risk exposure of individual countries is largely determined by their net food trade and the share of average household spending on food commodities.
Countries such as Egypt, Morocco, and the Philippines that combine high food commodity imports and high household spending on these commodities see the worst effects in terms of reduction in absolute GDP, worsening of current account balances, and higher inflation.
A number of large emerging market countries, including China, Indonesia and Turkey, are also strongly impacted as they have high household spending levels on food commodities and moderate net imports of these commodities.
Countries expected to experience an increase in GDP include South American cash crop exporters such as Paraguay and Uruguay and agricultural powerhouses such as Brazil, Australia, Canada and the United States.
UNEP Executive Director Achim Steiner said, "Fluctuations in food prices are felt directly by consumers and reverberate throughout national economies. As environmental pressures mount, it is important to anticipate the economic impact of these stresses so that countries and investors can work on mitigating and minimising risk. And as the global population continues to rise, food prices can be a bellwether for how environmental risk translates to economic risk and vulnerability."
The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double.
The report said if global food prices double then China could lose USD 161 billion in GDP and India could lose USD 49 billion.
The report models the impact of a global food price shock on 110 countries to assess which countries face the greatest economic risk from this growing imbalance.
In terms of the highest percentage loss to GDP, the five countries that will be worst hit if food commodity prices double are all in Africa - Benin, Nigeria, Cote d'Ivoire, Senegal and Ghana. But China will see the most amount of money wiped from its GDP of any country - USD 161 billion, equivalent to the total GDP of New Zealand.
India will see the second highest loss to GDP - USD 49 billion, equivalent to the total GDP of Croatia.
It said the risk exposure of individual countries is largely determined by their net food trade and the share of average household spending on food commodities.
Countries such as Egypt, Morocco, and the Philippines that combine high food commodity imports and high household spending on these commodities see the worst effects in terms of reduction in absolute GDP, worsening of current account balances, and higher inflation.
A number of large emerging market countries, including China, Indonesia and Turkey, are also strongly impacted as they have high household spending levels on food commodities and moderate net imports of these commodities.
Countries expected to experience an increase in GDP include South American cash crop exporters such as Paraguay and Uruguay and agricultural powerhouses such as Brazil, Australia, Canada and the United States.
UNEP Executive Director Achim Steiner said, "Fluctuations in food prices are felt directly by consumers and reverberate throughout national economies. As environmental pressures mount, it is important to anticipate the economic impact of these stresses so that countries and investors can work on mitigating and minimising risk. And as the global population continues to rise, food prices can be a bellwether for how environmental risk translates to economic risk and vulnerability."
Quota For Jats In Haryana Put On Hold By High Court
-
CHANDIGARH: The Haryana High Court has put an interim stay on the reservations for Jats in government jobs and educational institutes granted by the state after a massive agitation by the community in February.
At least 30 people were killed and over 320 injured during the violent protests and in clashes with the police. Property and assets worth hundreds of crores were damaged or destroyed in the violence that paralysed the state for nearly 10 days.
The Haryana Government led by Chief Minister Manohar Lal Khattar in March had passed the Haryana Backward Classes (Reservation in Services and Admission in Educational Institutions) Bill, 2016 proposed to give reservation to Jats and five other castes - Jat Sikhs, Rors, Bishnois, Tyagis and Mulla Jat/Muslim Jat - in government services and admission to educational institutions.
Mr Khattar had said that a request would also be made to the Centre to include the Act in the 9th Schedule of the Constitution so as to shield it from judicial review.
The high court was hearing a Public Interest Litigation challenging the constitutional validity of reservation bill passed by the state. The interim order was passed by a bench headed by Justice S S Saron.
At least 30 people were killed and over 320 injured during the violent protests and in clashes with the police. Property and assets worth hundreds of crores were damaged or destroyed in the violence that paralysed the state for nearly 10 days.
Mr Khattar had said that a request would also be made to the Centre to include the Act in the 9th Schedule of the Constitution so as to shield it from judicial review.
The high court was hearing a Public Interest Litigation challenging the constitutional validity of reservation bill passed by the state. The interim order was passed by a bench headed by Justice S S Saron.
Astronauts Set To Live In First Expandable Space Habitat
-
NEW YORK: Final preparations were underway today for the expansion of the Bigelow Expandable Activity Module (BEAM) -- an expandable habitat for astronauts crucial for future deep space exploration -- which was installed at the International Space Station (ISS) in April.
NASA astronaut Jeff Williams performed leak checks and installed hardware to monitor and support BEAM expansion set to begin at 6.30 pm (India time). The expansion could potentially start earlier, NASA said in a statement.
Meanwhile, a new trio of ISS crew members is ready in Russia for final qualification exams for a mission set for launch on June 24.
Cosmonaut Anatoly Ivanishin will command the new Soyuz MS-01 spacecraft carrying NASA astronaut Kate Rubins and JAXA astronaut Takuya Onishi.
NASA Television will broadcast the expansion activities live. Crew entry into BEAM, which has an expanded habitable volume of 565 cubic feet (16 cubic meters), is planned for June 2.
Recently, carrying over 3,700 pounds of NASA cargo, science and technology demonstration samples from the ISS, a SpaceX Dragon cargo spacecraft splashed down in the Pacific Ocean.
The Dragon spacecraft was taken by ship to Long Beach where some cargo was removed and returned to NASA for processing.
On April 17, engineers at NASA Johnson Space Centre in Houston used the ISS's high-tech robotic arm to pluck BEAM from the back of the SpaceX Dragon cargo ship that reached the space station on April 11 and added it onto the orbiting laboratory complex.
At the time of installation, the space station was moving over the Southern Pacific Ocean at an altitude of about 350 km from the Earth's surface. It will remain attached to the station for the two-year test period, US space agency NASA had written in a blog.
NASA is investigating concepts for habitats that can keep astronauts healthy during space exploration and BEAM will be the first test of such a module attached to the space station.
It will allow investigators to gauge how well it performs overall and how it protects against solar radiation, space debris and the temperature extremes of space.
Expandable habitats require less payload volume on the rocket than traditional rigid structures and expand after being deployed in space to provide additional room for astronauts to live and work inside.
After the testing period is completed, BEAM will be released from the space station to eventually burn up harmlessly in the earth's atmosphere.
The 1,400 kg BEAM is a 17.8 million dollar project to test the use of an inflatable space habitat in micro-gravity.
A total of six astronauts are already on-board the ISS along with another US commercial cargo ship called Cygnus that has been attached to the station since March 26.
NASA astronaut Jeff Williams performed leak checks and installed hardware to monitor and support BEAM expansion set to begin at 6.30 pm (India time). The expansion could potentially start earlier, NASA said in a statement.
Meanwhile, a new trio of ISS crew members is ready in Russia for final qualification exams for a mission set for launch on June 24.
Cosmonaut Anatoly Ivanishin will command the new Soyuz MS-01 spacecraft carrying NASA astronaut Kate Rubins and JAXA astronaut Takuya Onishi.
NASA Television will broadcast the expansion activities live. Crew entry into BEAM, which has an expanded habitable volume of 565 cubic feet (16 cubic meters), is planned for June 2.
Recently, carrying over 3,700 pounds of NASA cargo, science and technology demonstration samples from the ISS, a SpaceX Dragon cargo spacecraft splashed down in the Pacific Ocean.
The Dragon spacecraft was taken by ship to Long Beach where some cargo was removed and returned to NASA for processing.
On April 17, engineers at NASA Johnson Space Centre in Houston used the ISS's high-tech robotic arm to pluck BEAM from the back of the SpaceX Dragon cargo ship that reached the space station on April 11 and added it onto the orbiting laboratory complex.
At the time of installation, the space station was moving over the Southern Pacific Ocean at an altitude of about 350 km from the Earth's surface. It will remain attached to the station for the two-year test period, US space agency NASA had written in a blog.
NASA is investigating concepts for habitats that can keep astronauts healthy during space exploration and BEAM will be the first test of such a module attached to the space station.
It will allow investigators to gauge how well it performs overall and how it protects against solar radiation, space debris and the temperature extremes of space.
Expandable habitats require less payload volume on the rocket than traditional rigid structures and expand after being deployed in space to provide additional room for astronauts to live and work inside.
After the testing period is completed, BEAM will be released from the space station to eventually burn up harmlessly in the earth's atmosphere.
The 1,400 kg BEAM is a 17.8 million dollar project to test the use of an inflatable space habitat in micro-gravity.
A total of six astronauts are already on-board the ISS along with another US commercial cargo ship called Cygnus that has been attached to the station since March 26.
Business Affairs
MARKET @ 2016 highs: Sensex jumps 485 points, Nifty ends above 8,050 on ubpeat Q4 earnings; Larsen & Toubro top gainer
-
Extending its gains for the third straight session on Thursday, the S&P BSE Sensex jumped 485 points to reclaim its crucial psychological level of 26,000, while the broader Nifty50 settled above its key 8050-mark as the May series derivative expiry concluded.
The headline indices hit their 2016 highs on favourable quarterly earnings. Positive cues from the global markets also contributed to the gains.
The 30-share index ended the day at 26,366, up 485.51 points, while broad-based 50-share index quoted 8,069, up 134.75 points at close.
Improving earnings have raised optimism at a time when investors are betting monsoon rains will be stronger than average, boosting the outlook for rural demand.
Private weather forecaster Skymet said on Tuesday monsoon rains are expected to be 109 percent above the long-term average, compared with its earlier estimate of 105 percent.
"Monsoon is one major positive sentiment driver and global markets are also looking calm," said Rikesh Parikh, vice-president of equities at Motilal Oswal Securities.
"Also, the results season is on the verge of getting over and so far we have not seen any negative surprises. In fact, earnings are a tad better than market estimates and this comes after some four-five quarters of dull performances."
Mirroring the optimism, foreign investors have bought Indian shares worth a net $44.18 million so far this month, taking this year's inflows to $1.84 billion.
Larsen & Toubro stock was the best performer on both the headline indices and gained 14.04 per cent on the BSE after the company reported a 18.53 per cent YoY rise in profit after tax (PAT) to Rs 2,454 crore for the March quarter.
"L&T played a significant role in the rally closing over 14% up for the session, for a company with 33k crs in revenues to exhibit a close to 20% yoy growth is just incredible," said Nikhil Kamath, Co-Founder & Director, Zerodha.
Bajaj Auto rose as much as 1.7 per cent after the two-wheeler maker on Wednesday reported a 29 percent rise in its March-quarter net profit.
However, Aditya Birla Fashion and Retail, famous for its brands such as Van Heusen and Pantaloons, fell as much as 6.8 per cent to its lowest since March 30, after March-quarter loss widened.
Meanwhile, Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday after an EIA report showed crude stockpiles fell by 4.2 million barrels last week.
Extending its gains for the third straight session on Thursday, the S&P BSE Sensex jumped 485 points to reclaim its crucial psychological level of 26,000, while the broader Nifty50 settled above its key 8050-mark as the May series derivative expiry concluded.
The headline indices hit their 2016 highs on favourable quarterly earnings. Positive cues from the global markets also contributed to the gains.
The 30-share index ended the day at 26,366, up 485.51 points, while broad-based 50-share index quoted 8,069, up 134.75 points at close.
Improving earnings have raised optimism at a time when investors are betting monsoon rains will be stronger than average, boosting the outlook for rural demand.
Private weather forecaster Skymet said on Tuesday monsoon rains are expected to be 109 percent above the long-term average, compared with its earlier estimate of 105 percent.
"Monsoon is one major positive sentiment driver and global markets are also looking calm," said Rikesh Parikh, vice-president of equities at Motilal Oswal Securities.
"Also, the results season is on the verge of getting over and so far we have not seen any negative surprises. In fact, earnings are a tad better than market estimates and this comes after some four-five quarters of dull performances."
Mirroring the optimism, foreign investors have bought Indian shares worth a net $44.18 million so far this month, taking this year's inflows to $1.84 billion.
Larsen & Toubro stock was the best performer on both the headline indices and gained 14.04 per cent on the BSE after the company reported a 18.53 per cent YoY rise in profit after tax (PAT) to Rs 2,454 crore for the March quarter.
"L&T played a significant role in the rally closing over 14% up for the session, for a company with 33k crs in revenues to exhibit a close to 20% yoy growth is just incredible," said Nikhil Kamath, Co-Founder & Director, Zerodha.
Bajaj Auto rose as much as 1.7 per cent after the two-wheeler maker on Wednesday reported a 29 percent rise in its March-quarter net profit.
However, Aditya Birla Fashion and Retail, famous for its brands such as Van Heusen and Pantaloons, fell as much as 6.8 per cent to its lowest since March 30, after March-quarter loss widened.
Meanwhile, Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday after an EIA report showed crude stockpiles fell by 4.2 million barrels last week.
India can lose $49 billion in GDP by food price shock: UN report
-
India could lose $49 billion in GDP if global food prices double in future, according to a new UN report which said the world will likely suffer from more volatile food prices due to rising populations.
The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double.
The report said if global food prices double then China could lose $161 billion in GDP and India could lose $49 billion.
"In the future, the world will likely suffer from higher and more volatile food prices as a result of a growing imbalance between the supply and demand of food. Rising populations and incomes will intensify the demand for food while climate change and resource scarcity will disrupt food production," it said.
The report models the impact of a global food price shock on 110 countries to assess which countries face the greatest economic risk from this growing imbalance.
In terms of the highest percentage loss to GDP, the five countries that will be worst hit if food commodity prices double are all in Africa - Benin, Nigeria, Cote d'Ivoire, Senegal and Ghana. But China will see the most amount of money wiped from its GDP of any country - $161 billion, equivalent to the total GDP of New Zealand.
India will see the second highest loss to GDP - $49 billion, equivalent to the total GDP of Croatia.
It said the risk exposure of individual countries is largely determined by their net food trade and the share of average household spending on food commodities.
Countries such as Egypt, Morocco, and the Philippines that combine high food commodity imports and high household spending on these commodities see the worst effects in terms of reduction in absolute GDP, worsening of current account balances, and higher inflation.
A number of large emerging market countries, including China, Indonesia and Turkey, are also strongly impacted as they have high household spending levels on food commodities and moderate net imports of these commodities.
Countries expected to experience an increase in GDP include South American cash crop exporters such as Paraguay and Uruguay and agricultural powerhouses such as Brazil, Australia, Canada and the United States.
UNEP Executive Director Achim Steiner said, "Fluctuations in food prices are felt directly by consumers and reverberate throughout national economies. As environmental pressures mount, it is important to anticipate the economic impact of these stresses so that countries and investors can work on mitigating and minimising risk. And as the global population continues to rise, food prices can be a bellwether for how environmental risk translates to economic risk and vulnerability."
India could lose $49 billion in GDP if global food prices double in future, according to a new UN report which said the world will likely suffer from more volatile food prices due to rising populations.
The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double.
The report said if global food prices double then China could lose $161 billion in GDP and India could lose $49 billion.
"In the future, the world will likely suffer from higher and more volatile food prices as a result of a growing imbalance between the supply and demand of food. Rising populations and incomes will intensify the demand for food while climate change and resource scarcity will disrupt food production," it said.
The report models the impact of a global food price shock on 110 countries to assess which countries face the greatest economic risk from this growing imbalance.
In terms of the highest percentage loss to GDP, the five countries that will be worst hit if food commodity prices double are all in Africa - Benin, Nigeria, Cote d'Ivoire, Senegal and Ghana. But China will see the most amount of money wiped from its GDP of any country - $161 billion, equivalent to the total GDP of New Zealand.
India will see the second highest loss to GDP - $49 billion, equivalent to the total GDP of Croatia.
It said the risk exposure of individual countries is largely determined by their net food trade and the share of average household spending on food commodities.
Countries such as Egypt, Morocco, and the Philippines that combine high food commodity imports and high household spending on these commodities see the worst effects in terms of reduction in absolute GDP, worsening of current account balances, and higher inflation.
A number of large emerging market countries, including China, Indonesia and Turkey, are also strongly impacted as they have high household spending levels on food commodities and moderate net imports of these commodities.
Countries expected to experience an increase in GDP include South American cash crop exporters such as Paraguay and Uruguay and agricultural powerhouses such as Brazil, Australia, Canada and the United States.
UNEP Executive Director Achim Steiner said, "Fluctuations in food prices are felt directly by consumers and reverberate throughout national economies. As environmental pressures mount, it is important to anticipate the economic impact of these stresses so that countries and investors can work on mitigating and minimising risk. And as the global population continues to rise, food prices can be a bellwether for how environmental risk translates to economic risk and vulnerability."
Nifty Touches New High On Modi Government's Second Anniversary
-
Nifty 50 touched a new high in 2016. It closed at 8069.65 on May 26, 2016. Benchmark indices BSE Sensex closed at 26,367, 486 points higher than the previous day. While investors are rejoicing the bullish trend, the indices were better positioned on the same day last year.
Here are the leaders and the laggards in BSE 200 companies………
Here are the leaders and the laggards in BSE 200 companies………
Labour reforms not essential for industrial growth: FM
-
Finance Minister Arun Jaitley has told Bharatiya Mazdoor Sangh that labour reforms are "not essential" for industrial growth and changes in these laws would be made only after taking unions on board, the RSS affiliated body said on Thursday.
"Jaitley conveyed to a delegation of BMS on the eve of the government completing two years in power (yesterday) that government has realised that labour reforms are not essential for industrial growth in the country," it said in a statement.
The statement assumes significance in view of the calls for extensive labour reforms to improve ease of doing business by doing away with the archaic laws.
Prime Minister Narendra Modi has also said in an interview to the Wall Street Journal that "labour reforms should not just mean (being) in the interest of industry" and they should also be in the interest of the labourer.
BMS delegation yesterday met Jaitley and other members of the ministerial panel on labour issues. Incidentally, the panel has not met the trade union after September 2 strike last year to deliberate on their 12 points charter of demands.
When contacted BMS General Secretary Virjesh Upadhyay told PTI: "We were meeting the Group of Ministers headed by Jaitley for a follow up of the 12 point charter of demands on labour issues raised by unions last year.
"He made the comment during a discussion on the labour law reforms, which is an issue in the charter of demands."
Besides Jaitley, Labour Minister Bandaru Dattatreya, Petroleum Minister Dharmendra Pradhan, Minister of State in PMO Jitendra Singh and Labour Secretary Shankar Agarwal were also present.
Power Minister Piyush Goyal was not present at the meeting.
The trade union delegation included General Secretary Virjesh Upadhyay, Former President Saji Narayanan CK, Zonal Organising Secretary Pawan Kumar and Deputy Finance Secretary Jagdish Joshi, the statement said.
"Jaitley said government will pursue any amendment on labour laws only after bringing unanimity among trade unions, employers organisations and states. He also agreed that minimum wage has to be given a serious thought, considering the differences in consumer price in major cities and towns."
As per BMS, Jaitley has asked the Labour Minister to prepare a formula to work out minimum wage and extend social security to scheme workers.
Labour Minister was also asked by Jaitley to look into issue of contract workers to make their service condition at par with regular workmen.
"The Finance Minister said the government will instruct all states and central departments, to strictly implement the decision on enhancement of ceiling of Bonus," it said.
BMS insisted that the government has a relook at the economic policies to ensure better job creation and to strengthen state-owned companies which are the best model of decent wage to make economy run.
The Group of Minsters also assured the BMS delegation that assurances given on August 27, 2015 on 12 point Charter of Demands of the Joint Trade Unions will be implemented with priority in the coming few weeks.
Finance Minister Arun Jaitley has told Bharatiya Mazdoor Sangh that labour reforms are "not essential" for industrial growth and changes in these laws would be made only after taking unions on board, the RSS affiliated body said on Thursday.
"Jaitley conveyed to a delegation of BMS on the eve of the government completing two years in power (yesterday) that government has realised that labour reforms are not essential for industrial growth in the country," it said in a statement.
The statement assumes significance in view of the calls for extensive labour reforms to improve ease of doing business by doing away with the archaic laws.
Prime Minister Narendra Modi has also said in an interview to the Wall Street Journal that "labour reforms should not just mean (being) in the interest of industry" and they should also be in the interest of the labourer.
BMS delegation yesterday met Jaitley and other members of the ministerial panel on labour issues. Incidentally, the panel has not met the trade union after September 2 strike last year to deliberate on their 12 points charter of demands.
When contacted BMS General Secretary Virjesh Upadhyay told PTI: "We were meeting the Group of Ministers headed by Jaitley for a follow up of the 12 point charter of demands on labour issues raised by unions last year.
"He made the comment during a discussion on the labour law reforms, which is an issue in the charter of demands."
Besides Jaitley, Labour Minister Bandaru Dattatreya, Petroleum Minister Dharmendra Pradhan, Minister of State in PMO Jitendra Singh and Labour Secretary Shankar Agarwal were also present.
Power Minister Piyush Goyal was not present at the meeting.
The trade union delegation included General Secretary Virjesh Upadhyay, Former President Saji Narayanan CK, Zonal Organising Secretary Pawan Kumar and Deputy Finance Secretary Jagdish Joshi, the statement said.
"Jaitley said government will pursue any amendment on labour laws only after bringing unanimity among trade unions, employers organisations and states. He also agreed that minimum wage has to be given a serious thought, considering the differences in consumer price in major cities and towns."
As per BMS, Jaitley has asked the Labour Minister to prepare a formula to work out minimum wage and extend social security to scheme workers.
Labour Minister was also asked by Jaitley to look into issue of contract workers to make their service condition at par with regular workmen.
"The Finance Minister said the government will instruct all states and central departments, to strictly implement the decision on enhancement of ceiling of Bonus," it said.
BMS insisted that the government has a relook at the economic policies to ensure better job creation and to strengthen state-owned companies which are the best model of decent wage to make economy run.
The Group of Minsters also assured the BMS delegation that assurances given on August 27, 2015 on 12 point Charter of Demands of the Joint Trade Unions will be implemented with priority in the coming few weeks.
Higher foreign investment cap to boost global capital: Yes Bank
-
Private lender Yes Bank on Thursday said approval by the government to hike the foreign investment limit to 74 per cent will enhance its flexibility in raising capital at a global level, going forward.
It is expected to bring in foreign direct investment (FDI) of the order of $1 billion (Rs 6,885 crore) into the bank.
The Cabinet Committee on Economic Affairs (CCEA) yesterday allowed the bank to increase foreign investment limit to 74 per cent, from 41.87 per cent earlier.
"The increase in limit will provide Yes Bank with significant enhanced flexibility in global capital raising, going forward. Yes Bank already has an enabling approval from its board of directors to raise an additional $1 billion of equity capital," the bank said in a statement today.
The hike in investment limit comes without any sub-limits.
The modes of instruments for investment include qualified institutions placement (QIP) of equity shares or issue of ADRs/GDRs and/or QFIs/FPIs (except NRIs) under the Portfolio Investment Scheme by acquisition of permissible securities on stock exchanges.
Yes Bank said it has become the first bank in India to receive such an approval for a fully fungible composite foreign investment limit of 74 per cent.
The hike in overseas shareholding was notified by the Cabinet in 2015 in order to remove sub-ceilings for multiple investor categories of FII, FDI and FPI.
The stock today closed 2.93 per cent higher at Rs 1025.40 on BSE.
Private lender Yes Bank on Thursday said approval by the government to hike the foreign investment limit to 74 per cent will enhance its flexibility in raising capital at a global level, going forward.
It is expected to bring in foreign direct investment (FDI) of the order of $1 billion (Rs 6,885 crore) into the bank.
The Cabinet Committee on Economic Affairs (CCEA) yesterday allowed the bank to increase foreign investment limit to 74 per cent, from 41.87 per cent earlier.
"The increase in limit will provide Yes Bank with significant enhanced flexibility in global capital raising, going forward. Yes Bank already has an enabling approval from its board of directors to raise an additional $1 billion of equity capital," the bank said in a statement today.
The hike in investment limit comes without any sub-limits.
The modes of instruments for investment include qualified institutions placement (QIP) of equity shares or issue of ADRs/GDRs and/or QFIs/FPIs (except NRIs) under the Portfolio Investment Scheme by acquisition of permissible securities on stock exchanges.
Yes Bank said it has become the first bank in India to receive such an approval for a fully fungible composite foreign investment limit of 74 per cent.
The hike in overseas shareholding was notified by the Cabinet in 2015 in order to remove sub-ceilings for multiple investor categories of FII, FDI and FPI.
The stock today closed 2.93 per cent higher at Rs 1025.40 on BSE.
General Awareness
Women and Child Development Ministry released Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015
-
-
Women and Child Development Ministry Smt Maneka Sanjay Gandhi released Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015 with effect from 15th January 2016
The Draft Model Rules, 2016 that repeal the Model Rules, 2007
Venue: New Delhi
Features:
- Provisions for children who commit offences in the age group of 16-18 years
- Inclusion of offences committed against childrensuch as giving intoxicating liquor or narcotic drug or tobacco products to children, sale and procurement of children for any purpose, corporal punishment in child care institutions.
- Mandatory registration of all Child Care Institutions with punishment in case of non-compliance.
- Providing statutory status to the Central Adoption Resource Authority (CARA) to enable it to perform its function more effectively
Procedures for Police, Juvenile Justice Board (JJB) and Children’s Court
- Adhere to the principle of interest of the child and the objective of rehabilitation and reintegration of the child in the society
- Every state Government is required to set up at least one “place of safety” in a State for the rehabilitation of such children
- The Rules prescribe for services to be provided to such children through regular monitoring
Extensive 49 Forms have also been drafted to standardize and simplify prescribed procedures
The committee members:Senior Judge and advocates, members of Juvenile Justice Board and Child Welfare Committee, representatives of State Governments, representatives of the Ministry of Women and Child Development, mental health expert, and civil society organizations
Smt. Maneka Sanjay Gandhi inaugurated the e-Archive website and the e-Learning portal of WCD Ministry
Under the Digital India Programme, the Hon’ble Union Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi launched two websites
Developed by:Ministry of Women and Child Development and National Institute of Public Cooperation and Child Development (NIPCCD)
Features:
Full Fledged Electronic Library
Compiling and integrating publications and resource materials from all departments of the Ministry with regards to their national policies, plan of actions, programmes, national and state level achievements, schemes, goals, circulars, books, presentations, periodicals, research publications, government orders, circulars, compendium of research articles, document pdfs, audio and video spots.
Series of E-courses
Job Training Course for Child Development Project Officers of ICDS and gradually bring in new training programmes
e-learning Portal
Provide an opportunity and access to technical concepts, knowledge and communicate to a much wider audience at a faster pace to develop and increase their skill.
WCD Ministry launched Common Application Software and ICT enabled Real Time Monitoring System of ICDS
Women and Child Development Minister SmtManeka Sanjay Gandhi Launched Common Application Software and ICT enabled Real Time Monitoring System of ICDS
- Common Application Software (ICDS-CAS)
- Information and Communication Technology enabled Real Time Monitoring (ICT-RTM) of ICDS
Venue: New Delhi
Features:
- Monitoring the service delivery of AnganwadiCentres
- Help to improve the nutrition levels of children in the country and help meet nutrition goals
- The digitization includes a Rapid Reporting System to collect the online data onIntegrated Child Development Services (ICDS) scheme from AnganwadiCentres (AWCs) by introducing shortenedAnganwadimonthly progress report (AWMPR)
- Women and Child Development Ministry Smt Maneka Sanjay Gandhi released Draft Model Rules under Juvenile Justice (Care and Protection of Children) Act, 2015 with effect from 15th January 2016The Draft Model Rules, 2016 that repeal the Model Rules, 2007Venue: New DelhiFeatures:
- Provisions for children who commit offences in the age group of 16-18 years
- Inclusion of offences committed against childrensuch as giving intoxicating liquor or narcotic drug or tobacco products to children, sale and procurement of children for any purpose, corporal punishment in child care institutions.
- Mandatory registration of all Child Care Institutions with punishment in case of non-compliance.
- Providing statutory status to the Central Adoption Resource Authority (CARA) to enable it to perform its function more effectively
Procedures for Police, Juvenile Justice Board (JJB) and Children’s Court- Adhere to the principle of interest of the child and the objective of rehabilitation and reintegration of the child in the society
- Every state Government is required to set up at least one “place of safety” in a State for the rehabilitation of such children
- The Rules prescribe for services to be provided to such children through regular monitoring
Extensive 49 Forms have also been drafted to standardize and simplify prescribed proceduresThe committee members:Senior Judge and advocates, members of Juvenile Justice Board and Child Welfare Committee, representatives of State Governments, representatives of the Ministry of Women and Child Development, mental health expert, and civil society organizationsSmt. Maneka Sanjay Gandhi inaugurated the e-Archive website and the e-Learning portal of WCD MinistryUnder the Digital India Programme, the Hon’ble Union Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi launched two websitesDeveloped by:Ministry of Women and Child Development and National Institute of Public Cooperation and Child Development (NIPCCD)Features:Full Fledged Electronic Library
Compiling and integrating publications and resource materials from all departments of the Ministry with regards to their national policies, plan of actions, programmes, national and state level achievements, schemes, goals, circulars, books, presentations, periodicals, research publications, government orders, circulars, compendium of research articles, document pdfs, audio and video spots.Series of E-courses
Job Training Course for Child Development Project Officers of ICDS and gradually bring in new training programmese-learning Portal
Provide an opportunity and access to technical concepts, knowledge and communicate to a much wider audience at a faster pace to develop and increase their skill.WCD Ministry launched Common Application Software and ICT enabled Real Time Monitoring System of ICDSWomen and Child Development Minister SmtManeka Sanjay Gandhi Launched Common Application Software and ICT enabled Real Time Monitoring System of ICDS- Common Application Software (ICDS-CAS)
- Information and Communication Technology enabled Real Time Monitoring (ICT-RTM) of ICDS
Venue: New DelhiFeatures:- Monitoring the service delivery of AnganwadiCentres
- Help to improve the nutrition levels of children in the country and help meet nutrition goals
- The digitization includes a Rapid Reporting System to collect the online data onIntegrated Child Development Services (ICDS) scheme from AnganwadiCentres (AWCs) by introducing shortenedAnganwadimonthly progress report (AWMPR)
No comments:
Post a Comment