News in English

Sensex Fall 1,000 points, Nifty trades below 8,700 Coronavirus fears.

<p>Shortly after turning green, the domestic stock indexes on Wednesday continued to subtract profits before expanding sales as the world market failed to gain profits and turn their spirals down amid fears of coronavirus BSE Sensex decreasing. Down more than 1,000 points and the wider NSE Nifty 50 goes down by 200 points<br /> At 12:40 hrs, Sensex dropped 1,170.32 points or 3.74% to trade at 29,429.50 while Nifty fell 238 points or 2.7% at 8,728.<br /> The decrease in the number of coronaviruses in India has increased to 147, and the Supreme Court has filed a lawsuit at the Ministry of Telecom (DoT) to approve the payment of a fine (AGR) from telecommunications companies.<br /> Nifty Bank decreased 4.5%, Vodafone Idea decreased 37% and Bharti Infratel fell 13% after the Supreme Court&#39;s order. The Apex court made it clear that there was no further attempt to calculate the telecommunications company&#39;s AGR.<br /> Yes Bank shares traded above 6% at Rs 62.15 per person after reaching a record high of Rs 87.85 in BSE.<br /> From the number 30 Sensex, 26 in red.<br /> Hours before the market began operations, S&amp;P&#39;s global rating agency lowered India&#39;s economic growth forecast to 5.2% by 2020, stating that the global economy is entering a recession in the midst of an epidemic. Of coronavirus disease, the previous agency predicted a 5.7% growth rate during the calendar year 2020</p>
  Thu, March 19, 2020 Read Full Article

Yes, banks allow payment via credit card and credit card above Rs. 200,000 throu...

<p>Yes, banks on Wednesday have enabled internal real-time settlement services (RTGS) to allow customers to pay by credit card and loan obligations from other bank accounts. The announcement came one day after the customer was licensed to use the internal IMPS and NEFT services for the same purpose. The RTGS is used for payments of more than Rs.2 billion, while payments below this amount can be made using NEFT. Repaying loans and credit cards to banks can also be done via IMPS from other bank accounts.<br /> &quot;Enable the internal RTGS service. You can pay to YES BANK. Credit card fees and loan obligations from other bank accounts,&quot; the bank said in a tweet on Wednesday.</p> <p>At the same time in The &#39;Frequently Asked Questions about Moratorium&#39; posted on the bank&#39;s website, Crisis Bank Yes has said services such as online remittances, clearing checks and demand draft and external payments of EMI. However, if an employer has a current account with Yes Bank and wants to pay salaries to employees, there will be no problem doing so.</p> <p>According to the FAQ, yes, the bank said external online remittances, including RTGS and NEFT, were still suspended. &quot;All purging activities are currently suspended.&quot; &quot;Your EMI (Equal monthly installments) will be honored to the specified limit depending on the reinstatement of the cleaning activity, &quot;it said.</p> <p>On March 5, the Reserve Bank of India (RBI) discussed with the government the moratorium on the Yes Bank until April 3, citing severe financial adjustment to private lenders. During that time, customers are not allowed to withdraw more than 50,000 Rs.</p> <p>Banks on Tuesday allowed internal IMPS and NEFT services to allow customers to pay via Yes EMI and bank credit cards Yes through other bank accounts. The movement took place after customers complained that they were unable to pay to Yes, bank credit and loan repayment and are concerned about being fined due to their fault. In addition, within the limit of Rs 50,000, the head office lender in Mumbai has allowed customers to withdraw money from their own, including ATMs of other banks.</p> <p>In a frequently asked question about finding out what would happen if someone wrote and issued a check for a customer, yes, the bank responded that &quot;All cleansing activities will be suspended at the moment, according to the issued check order, will not be honored until The flushing activity will be restarted or ordered more from the regulator. &quot;</p> <p>In another search, what would happen if someone did a check at the bank account saying that because all flushing activities were suspended? &quot;Yes, DD banks / checks will not be offered to flush until further guidance or until The status of However, in the questionnaire, if an employer holds a current account with Yes Bank and wants to withdraw more than 50,000 Rs to pay salaries to employees, lenders say it can be done.<br /> &nbsp;</p>
  Thu, March 5, 2020 Read Full Article

Fire at tyre market in Delhi’s Karawal Nagar, fire tenders stuck in Jafrabad

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">There was a fire reported at the tire market in Karawal Nagar in northeast Delhi on Tuesday morning. But rescue efforts were thwarted as firefighters sent to extinguish fires in Jafrabad, which had violent protests on Monday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The fire farmer asked for protection from the police before moving on. Officials say that although the fire started at 8:30 am on Tuesday, they still do not have knowledge about the damage and will be able to give comments only when the fire bidders reach the area.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">PTI said seven people, including the New Delhi police chief, were killed in the violence on Monday and more than 100 were injured when citizens oppose civil action (edit) or the NCAA clash. Together in northeast delhi The affected city is between Jafrabad and Maujpur.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We received 45 fire calls from yesterday until 3 am today. Three firefighters were injured. One soft fire sparked, &quot;Atul Garg, director of northeast Delhi fire, said on Monday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The center is currently observing New Delhi. Foreign Affairs Minister Amit Shah called for a second review meeting in 12 hours. He invited representatives of all political parties for the meeting. Deputy Governor Anil Baijal and Chief Minister Arvind Kejriwal are expected to attend. Also joined the meeting</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">At the same time, Kejriwal called an urgent meeting at his home that shuts MLAs and the area staff who were attacked with violence in New Delhi. &quot;I am very worried about the situation that occurred in some parts of New Delhi. We should all work together to restore peace in our city. I ask everyone to avoid violence again, &quot;Kejriwal tweeted.</span></span></p>
  Tue, February 25, 2020 Read Full Article

SC to hear plea to remove anti-CAA protesters from Shaheen Bagh

<p>The Supreme Court will hear the complaint for directions to the center and others to bring the demonstrators out of Delhi&#39;s Shaheen Bagh.</p> <p>On February 10, two judges of the Apex Court, led by Judge Sanjay Kishan Kol, and also consisting of Judge KM Joseph, issued a notice to the Delhi Government Center and police about the protest.</p> <p>The court is listening to two petitions seeking the gap of Shaheen Bagh, Kalindi Kunj Street, in which the protest is about to take place for almost two months.</p> <p>During the inquest, Judge McCall expressed discontent with the protest and said, &quot;The protest has been going on for a long time. How can you block public roads?&quot;</p> <p>The Shaheen Bagh area of ??New Delhi has gained nationwide attention recently due to the ongoing opposition of the CAA, sitting by people, especially Muslim women with the Amendment Citizenship Act (CAA), the National Population Register and the National Register. National people</p> <p>PIL filed a lawsuit by Nand Kishore Garg and Amit Sahni through their lawyer, Shashank Deo Sudhi last week, finding a suitable solution to the center and others to withdraw the protests from Shaheen Bagh near Kalindi Kunj.</p> <p>It states that people in Shaheen Bagh are protesting illegally against the Citizenship Amendment Act (CAA) 2019 by blocking common roads and public roads connecting Delhi and Noida.</p> <p>The petition sought to find the right direction for respondents, including the Indian Union (UOI), to formulate comprehensive and complete guidelines on the sudden limitations of protest / agitation that led to obstructing public facilities.</p>
  Mon, February 17, 2020 Read Full Article

The 2020-21 budget union will not drag the Indian economy out of the worst slowd...

<p>ndia&#39;s new budget is unlikely to pull Asia&#39;s third-largest economy from its worst slowdown in more than a decade, as the government has only proposed moderate increases in spending and slightly reduced personal taxes.</p> <p>They said there is a risk that the government may miss the fiscal deficit target in 2020-2021 due to having to rely on nearly $ 30 billion in funding from the sale of shares in state-run companies and financial institutions to meet revenue targets. ambitious</p> <p>In a budget for the year that began in April, revealed on Saturday, the government has relaxed its fiscal deficit targets to be able to spend almost $ 15 billion on the majority of infrastructure and agriculture at the same time. Drive privatization</p> <p>Economists and industry leaders say the budget proposal will support long-term growth. But it&#39;s not enough to provide immediate support</p> <p>India&#39;s economy is expected to grow by 5% this year, which will end in March, the weakest period in 11 years, causing pressure on Prime Minister Narendra Modi, who is currently facing the law of citizenship.</p> <p>&quot;We see that the budget is very neutral for growth and inflation,&quot; said Nomura&#39;s economist Sonal Varma, adding that the financial sector&#39;s problems may slow the recovery. The government has proposed increased spending to stimulate consumer demand and investment. But was not able to go far enough due to the slowdown in revenue from hand ties</p> <p>Moody&#39;s Investor Service rating agency said that the budget focuses on fiscal challenges from real and slight growth that may continue for longer than the government has predicted.</p> <p>Nomura said that the annual growth of gross domestic product (GDP) tends to decrease by 4.3% in the last three months of 2019, after falling 4.5% in the previous quarter, the slowest in more than six years.</p> <p>Economists say India is at risk of missing the GDP deficit target of 3.5% of the GDP in 2020-2021, because nearly 10% of government revenue growth targets depend on an increase of nearly 2.1 trillion holes. Year (30 billion dollars) from privatization</p> <p>Investors and consumers are also disappointed with the budget because there is no new incentive for the financial sector and the housing market while it is unclear whether each tax change will result in net profits.</p> <p>Amit Maheshwari, partner of Ashok Maheshwary &amp; Associates LLP, said tax cuts would not benefit much for taxpayers, a tax consultant partner added that they can reduce savings and help drive interest rates in the market. up</p>
  Tue, February 4, 2020 Read Full Article

A girl in Bihar India shows symptoms of Coronavirus, admitted in hospital.

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">ANI reported Monday that a young woman in Chapra of Bihar returning from China was hospitalized after a symptom similar to the rapidly spreading coronavirus, which killed at least 80 people in the country. Chinese.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;A girl from Chapra, who has just returned from China, is admitted to the ICU at a Chapra hospital after she shows signs of a coronavirus. She is currently traveling to Patna. She will be admitted to PMCH.&quot; Patna Medical College and Hospital (PMCH) said that ANI</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A doctor in Rajasthan, who returned from China, was suspected to have been infected with coronavirus, a blood sample of a patient suspected of being taken to the National Institute of Virology in Pune, state health department said</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Ministry of Health Union said Sunday that more than 29,700 passengers from 137 flights were screened for coronavirus infection at seven airports in the country until Sunday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">In addition, more than 100 people were watched in Kerala and Maharashtra after a coronavirus screening as Prime Minister&#39;s office last Saturday, reviewing India&#39;s readiness to deal with any situation amid global concerns in China</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">China on Monday announced an unprecedented Chinese New Year holiday in its latest attempt to prevent the spread of the rapidly spreading virus that killed at least 80 people and Infected nearly 2800 people in the country</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">As many as 43 have been reported from other countries, with the United States confirming the fifth case on Sunday. The maximum of eight patients reported from Thailand.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Most cases, both in China and abroad, have a relationship with Wuhan. It is said that the virus is caused by the seafood and fish market that sells wildlife.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">China prohibits wildlife trading throughout the country, prohibits the transportation and sale of wildlife and quarantine wildlife, with government warnings about wildlife consumption.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Officials told reporters on Sunday that the information about the new virus was limited, although the infection was quickly identified and spread.</span></span></p>
  Mon, January 27, 2020 Read Full Article

Zomato bought Uber Eats in an all-stock deal for $ 350 million.

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Zomato receives Uber Eats in all agreements According to the report, the deal is worth about $ 350 million (about 2,500 ten million rupees).</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">As part of the agreement, Uber will get about 10% of its share in food delivery apps, according to Gurugram, and Uber Eats will stop as a separate legal entity. In addition, all Uber Eats customers will be delivered directly to Zomato.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to The Economic Times, Zomato will not attract Uber Eats executives working in India. The Uber Eats team consisting of approximately 100 executives will be discharged or assigned to separate verticals within Uber. However, Uber will continue to provide services. Continue to call taxis in India, in which Ola will compete with competitors</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We are pleased to be the best of restaurant discoveries and build food delivery businesses across 500 cities in India. This acquisition strengthens our position in the category, &quot;said Zomato founder and CEO Deepinder Goyal in a statement to IANS.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We entered the food delivery in India in 2017 and today is when our travels use different routes. Zomato receives Uber Eats in India and we will no longer be able to use here with immediate effect. We hope that all of our users will get a better time with great food on the road ahead.</span></span></p> <p style="margin-left:0in; margin-right:0in"><strong><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&nbsp;Uber Eats India writes on official Twitter.</span></span></strong></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to a separate report by TechCrunch last month, Uber is likely to invest $ 150 to $ 200 million in Zomato. However, these details have not been finalized.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The report also said that Uber estimates that it will lose around Rs.2,200 in its food delivery business in India last December. This deal is expected to help Uber reduce domestic losses. It also tends to help Zomato gain strength in the area, including parts of Madhya Pradesh, Tamil Nadu and Kerala, where Uber Eats has a stronger presence.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It is worth noting that the deal was made when Zomato was about to receive a $ 600 million grant from Alibaba&#39;s subsidiary Ant Financial, which would give the company approximately $ 3 million.</span></span></p>
  Tue, January 21, 2020 Read Full Article

Wipro Q3 net profit increased 2.17% to Rs.2,455 crore.

<p>Wipro&#39;s major IT services on Tuesday recorded a net profit of Rs.2455.9 crore in December 2019, which is 2.45% compared to last year&#39;s total profit.<br /> Net profit attributable to shareholders for the same period last year stood at 2,510.4 million rupees, Wipro said in the submission.<br /> Operating income increased by 2.7 percent to Rs 15,470.5 million during the review period from Rs 15,059.5 million in the same quarter of the previous year (according to Ind-AS).</p> <p>Wipro, which receives a large amount of IT services, said revenue from its business is expected to range from $ 2,095 million to $ 2,137 million in the March quarter, which continues to grow at 2%.</p> <p>Revenues from IT services stood at $ 2,094.8 million in the December quarter, which continued to grow at 2.2%, in line with the trend at $ 2,065 million to $ 2,106 million previously suggested.</p> <p>&quot;We have delivered a good quarter with global growth across all business units, geography and operations. We continue to focus on strengthening our client relationships, changing our channels and receiving great offers, &quot;said Avida, CEO Neemuchwala, CEO and Managing Director, Wipro.<br /> Wipro announces interim dividends no. 1 (0.014 USD) per shareholders&#39; equity / ADS.</p>
  Wed, January 15, 2020 Read Full Article

Oil prices Jump after US air strikes kill Iranian military commanders in Iraq

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Oil jumped as tensions in the Middle East were relieved after a US attack near Baghdad International Airport killed General Iran.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Futures in New York and London jumped as much as 3% after the attack. The protests killed Qassem Soleimani, an Iranian general who led the revolutionary Quds&#39; forces, according to two people familiar with the matter. Ambassador in Baghdad this week</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The United States and Iran are facing Donald Trump&#39;s economic campaign against Tehran and suspect retaliation against Iranian people. Saudi energy sources, including foreign oil tankers in and around the Persian Gulf, have been targets of multiple attacks in the past year - the region with OPEC&#39;s fifth-largest producer.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;I expect tensions in the region to intensify,&quot; said Singaporean economist Howie Lee from the Foreign Bank of China Corp. &quot;Entering the election year in the United States, a pressure campaign by President Trump Iran may add more. &quot;</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Brent for settlement in March increased by $ 1.99 to $ 68.24 a barrel in the ICE Futures Europe Exchange in London at 22:15 hrs. Singapore time was up 25 cents to close at $ 66.25 on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">West Texas Intermediate for February delivery increased $ 1.84 or 3% to $ 63.02 a barrel from the New York Mercantile Exchange. The contract rose 12 cents to 61.18 dollars on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The strike elevated the three-way tension between the United States and the major oil producers, Iran and Iraq. The US embassy in Baghdad was attacked by protesters this week after a rare American direct attack on Iranian-backed militia in the country.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The two Middle East countries combined pumped more than 6.7 million barrels per day of oil last month, according to data compiled by Bloomberg, more than one-fifth of OPEC output.</span></span></p>
  Mon, January 6, 2020 Read Full Article

Read four things that the Indian economy needs now.

<p>Nationality law causes protests throughout the country. But research shows that economic suffering and unemployment increase social unrest, especially among young people.</p> <p>So what alternatives will the government have to withdraw from the current slowdown and stimulate employment? In the short term, most economists agree that the government will have to shoot three big cylinders - personal income, demand and government spending.</p> <p>First, an overview of current economic indicators Growth has fallen off the cliff since it moved below seven percent in 2018-19. The latest available data show that the gross domestic product (GDP) slowed down again during July - September 2019 at 4.5 percent compared With a 5% increase in the first quarter, the lowest level in 6 and a half years</p> <p>Reason 1 is reduced consumption or demand, which means everything that people spend and buy, including purchases made by the industry. The slides are larger than in rural areas. The 75th consumer spending survey now lost 2017-18 shows that the average person&#39;s spending is down 3.7% to 1,446 rupees per month in 2017-18, which is a decrease. The highest in more than four decades</p> <p>Private consumption, as reflected in measures called the final private consumption expenditure, or PFCE, grew by five percent in the second quarter of 2019-20, compared to 3.1 percent in the first quarter. Initial fixed capital formation is an investment measure that enters the economy to slow down 1% compared to the previous 4% growth. The only government spending is the economic collapse. Government final consumption expenditure increased by 15.6% in the second quarter after an increase of 8.8% in the first quarter.</p> <p>Economists are often separated from what India is facing: structure or cycle. According to the cycle, it means a normal swing up and down and &#39;decline&#39; in the business cycle. The structural slowdown is difficult to fix because it is rooted. Regardless of the matter, economists almost agree that the need for revitalization with higher government spending to stimulate consumption and investment is the only real option.</p> <p>As with industry incentives, such as corporate tax cuts, the government has also recently wanted to bring money directly into the hands of people, which will have double effects from textbooks. The product multiplier refers to the large change in productivity. (In this case of goods due to demand) at all levels of government spending or spending The government has a very useful tool to do this: the PM-Kisan program, which is now distributed directly to registered farmers 1.82 million rupees Rs 6,000 per year. This can be extended even at the expense of Fiscal deficit increased Economist Arvind Subramanian, a lecturer at Harvard University, writes about 60-80% of quasi-UBI articles for rural poor to compensate for rural suffering. They argue that the annual transfer of Rs 18,000 (Rs 1,500 per month) can cover three-quarters of the rural population at 1.3 percent of the gross domestic product (GDP) or Rs.226 crore at the price of 2019-20. The government will allocate additional funds to the Mahatma Gandhi National Rural Employment Guarantee Project and increase the number of working days under the program.</p> <p>Many indicators, such as wage sluggishness and rural consumption, point to reduced incomes or reduced personal income growth. This is in our sister publication Livemint. ( Summary after waste analysis The survey of consumption expenditures that the immediate impact is &quot;The ratio of the poor will increase between 2011-12 and 2017-18 at every opportunity, compared to a dramatic reduction between 2004-05 and 2011-12&quot; Indian consumers turn to wonder because of rising costs and stagnating incomes.</p> <p>People&#39;s investments are trapped in real estate projects stalled, squeezing their ability to spend on other products. One data given by economist Hetal Gandhi from crisis research shows that the average household income in Farms from agricultural-related incomes, including rural wage, are growing at 0 percent in 2018 at 65,000 Rs 2017.</p> <p>Urban revenue growth from official business sectors is reflected in employee costs for 750 listed companies, averaging 10-12%, down to 5% in the last quarter of 2018-19. Employee expenses are reviewed six quarters before the third quarter of fiscal year 19 will have a growth rate of 10-12% per employee, which in the previous quarter is five percent. The erosion of income is clear.</p>
  Sat, December 21, 2019 Read Full Article

The government is confident that the citizen bill will pass the Rajya Sabha test...

<p>When the central government led by the BJP prepared to issue a citizen bill (Amendment) In Ratchayaba or the House of Representatives on Wednesday, the northeast region protested violently.</p> <p>The law will quickly pursue citizenship claims from persecuted minorities from Pakistan, Pakistan, Bangladesh and Afghanistan. People in the northeast are afraid that many Hindu immigrants from Bangladesh, which they say are intruders, will cover their homeland.</p> <p>So the protesters clashed with the police, set fire to tires and cut down trees to block the road on Tuesday during the closing hours in the hours after the approval of the House of Representatives or Lok Sabha in Tripura. There is an 11-hour bandh called by the Eastern Student Organization. North (NESO)</p> <p>The Tripura government has suspended mobile internet and SMS services in the state for 48 hours to prevent the spread of reports and to maintain law and order in the state. The prohibition has also been extended to media messages by government orders.</p> <p>On Tuesday, the northeast region suffered damage from strikes from various organizations, with buses leaving the streets and schools and most stores closed in the Kamrup district of Assam. Ordered that restrict the assembly of two people up in the midst of fears that violence may deteriorate</p> <p>Lok Sabha passed the bill after midnight on Monday amid a fierce debate in the house, which saw AIMIM&#39;s Asimuddin Owaisi leader tear down a copy of the bill when the law was set to make it easier for Buddhist Hindus Parsis. And Christians who fled from Afghanistan, Bangladesh and Pakistan to become Indians.</p> <p>The federal government says Muslims from these three countries are not exempt because they can choose to go to other Muslim countries. It also includes other minorities who have fled from political or religious oppression elsewhere. Such as Tamils from Sri Lanka, Rohingya from Myanmar and Tibet from China</p> <p>Many in India fear that the government aims to conduct a National Register (NRC) across the country to identify and expel all &quot;intruders&quot; by 2024, but in Parliament, Amit Shah&#39;s foreign minister tries to get rid of the idea. By saying that Again and again, this bill has nothing to do with Muslims in this country. &quot;</p> <p>On Monday, nearly 1,200 scientists and scholars in educational institutions, both in India and abroad, published letters to illustrate &quot;terror&quot; at this law.</p> <p>The United States Committee on International Religious Freedom in a statement on Monday called &quot;the wrong turn in the wrong direction&quot;, along with the National Register of People, with the objective of creating a religious test for Indian citizenship of Muslims</p> <p>The Indian Ministry of Foreign Affairs responded Tuesday that the US group&#39;s statements are &quot;incorrect or not guaranteed&quot; and &quot;guided by their prejudice and prejudice.&quot;</p> <p>BJP is confident that it will receive sufficient support from the various parties in the state of Raja Bara. Is the bank that supports All India Anna Dravida Munnetra Kazhagam (AIADMK), YSR Congress Party (YSRCP), Telugu Desam (TDP) and Biju Janata Dal (BJD) - all of which are outside the National Allliance (NDA). Former partner of Shiv Sena, who supports the bill in Lok Sabha, set the stage for a u-turn on Tuesday when Chief Uddhav Thackeray said it would not support a bill in the upper house unless the party answers the question. it.</p> <p>However, this does not diminish the spirit of the BJP. &quot;Shiv Sena&#39;s statement will not affect the story of the bill ... We are confident in the numbers,&quot; said BJP senior officials and members of Rajya Sabha.</p> <p>The party also rounded out a sub-division of Nitish Kumar&#39;s Janata Dal (United) [JD (U)] about the bill&#39;s support issues and said it voted 127 votes in Rajya Sabha.</p>
  Wed, December 11, 2019 Read Full Article

The RBI reduced its GDP growth forecast for the current budget to 5%. The repo r...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Reserve Bank of India announced the policy interest rate unchanged at 5.15% amid &quot;current macroeconomic situation and development.&quot; The central bank has lowered its GDP growth forecast for 5% from 6.1%.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">RBI&#39;s Monetary Policy Committee (MPC) remains &quot;supportive&quot; to eliminate the possibility of future interest rate increases.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">All members of the Monetary Policy Committee have approved the decision. Given the stance of this meeting, the RBI has cut 135 basis points from the beginning of this fiscal year.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;We cannot reduce the rates automatically and [must] allow time for the previous rates to be played. Currently, 44 base points are submitted. We have also introduced external benchmark interest rates from 1 November for the same purpose, &quot;said the Central Bank of India Governor Shaktikanta Das, in his decision to repurchase interest rates at a press conference.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;The MPC is aware that there is a monetary policy area for future operations. However, with the continuously changing inflation rate, the committee Therefore, the MPC decided to keep the policy rate at the same level and continue with a relaxed attitude as long as it is necessary to revive growth while ensuring that inflation remains. Are on target, &quot;the RBI said.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Abheek Barua, chief economist at HDFC Bank, said the RBI&#39;s loan interest rate change was surprising due to the shrinking growth in the second quarter of 2019-20.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;It looks like the RBI wants to see the delayed effects of a 135 basis point reduction in policy interest rates along with some of the fiscal measures available for future growth,&quot; he said.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">RBI revised its CPI inflation forecast to 5.1 - 4.7% in the second half of the current financial year and 4% -3.8% for the first half of 2020-21.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;Domestic demand is slowing down, reflecting that inflation has slowed down, excluding food and fuel,&quot; added RBI.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The real GDP growth expected in October&#39;s policy is 6.1% for the year 2019-20. &quot;The growth of GDP in the second quarter of the year 2019-20 is much lower than expected. Various high-frequency indicators suggest that domestic and foreign demand conditions are still weak, &quot;added RBI.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Considering these factors, the RBI has revised its GDP growth for 2019-20 down to 4.9-5.5% from 6.1% in October&#39;s policy in the second half of 2019-20.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The central bank&#39;s decision was followed by a weak growth environment. India grew only 4.5% in the July to October quarter, the slowest economic growth since March 2013.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">&quot;The MPC said that economic activity has weakened again and the production gap is still negative. However, many measures initiated by the government and the central bank&#39;s monetary easing since February 2019 are expected to gradually enter into the real economy. &quot;RBI added.</span></span></p>
  Sat, December 7, 2019 Read Full Article

Iran central bank branch building set of fire, All Crypto community follows even...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">An Iranian protester built a building at the Central Bank of the Islamic Republic of Iran in a town located in the city of Behbahan. cryptocurrency Closely following the develop</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Official Twitter Profile of Free Being Company Being BeingLibertarian Published a video saying that a branch of the Central Bank of Iran in Behbahan in the south-west of the country was set on fire amid protests. Interesting. The reaction to a tweet was positive, with one user saying:</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">While one user responded with one word &quot;Bitcoin&quot; in a video posted on Twitter, the presence of the cryptocurrency community appears to be limited among followers.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Still, a link to the tweet found that it had arrived. Cryptocurrencies and Bitcoin subreddits posted that upvoted 78% in the first and 64% in the second community.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">News outlets dedicated to the Muslim movement ThePortal reported on 16 November that the building was set on fire amid ongoing protests against the government&#39;s decision to share gasoline and raise prices by more than 50%. Iranian President Hassan Rouhani defends The measure claims to be good for the local population.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Fuel consumption is limited to 60 liters (almost 16 gallons) per vehicle per month, down from the previous limit of 250 liters and prices have risen to 15,000 rials ($ 0.36). In addition, every liter that exceeds 60 liters will have to waste. Fines of 60,000 rials ($ 1.43)</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">In the city of Sirjan in central Iran, protesters also tried to set up a fuel depot as well. According to state media reports, one civilian was killed and several injured, and the protests ended at midnight.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Cointelegraph Reported in July, it seems that the US has an incentive to impose sanctions on mining. Iran&#39;s cryptocurrency</span></span></p>
  Mon, November 18, 2019 Read Full Article

Honda closes Manesar factory because 1,500 hiring workers continue to strike. ...

<p>Impasse continues at the Honda Motor and Scooter India (HMSI) plant in Manesar, where 1,500 hiring employees stopped last week in protest of a colleague&#39;s job cuts. One day after the management issued a notice to the staff stating: &quot;Due to the prevailing IR (industrial relations) situation, the factory operation has been suspended and the factory will remain closed until the other day.&quot;</p> <p>Contract workers have protested outside the factory at IMT-Manesar since November 5, after about 650 employees cut by the company during the 10 days, the union said. Workers demand that they remember that they will be recalled or receive compensation of Rs. 1 hundred thousand per person for service each year.</p> <p>Production has been affected since the company closed some production units.</p> <p>A new round of talks took place on Monday between the management and the union. However, no solution could be made, said President Suresh Kumar Gaur. &quot;The management representatives did not attend the meeting. We expect that the problem will be resolved on Tuesday, &quot;he said, adding that the protests will continue.</p> <p>A HMSI spokesman confirmed the status of anonymity. All three assembly lines - two for motorcycles and one for scooters - of the plant will remain closed until further notice or until the matter is reached. The management did not respond to the allegations systematically by unions.</p> <p>Honda&#39;s Manesar plant employs approximately 1,900 people and 2,500 contract workers until recently, according to Gaur. Many people asked to leave in the last 10 days. Strange was employed with the company for many years and termination. Their outsourcing is illegal.</p> <p>At the same time, union members of other automotive factories in the area and representatives of labor organizations have extended their support to Honda&#39;s prominent workers. &quot;We are working to solve the problem and hope the management will accept. Listen to the needs of these employees who have worked with the company for a long time. Hopefully the decision will come out on Tuesday, &quot;said Anil Pawar, representative of the All Union Trade Council Council.</p> <p>In a statement last week, Honda said that employees who have completed their work have been relaxed due to fluctuations in demand and production adjustments. In August, Honda laid off about 700 people because of production cuts, according to company figures. Company officials said that the industry is currently experiencing sluggish demand and job losses as a result of the slowdown.</p> <p>HMSI sales were down slightly to 517,808 units in October, down from 521,170 units a year earlier. Demand for two-wheeled vehicles and cars has decreased as consumers spend less due to the slowing economic growth which caused the 6-year low of 5% in the quarter ending June.</p>
  Tue, November 12, 2019 Read Full Article

In a Tuesday protest by New Delhi police, an explosion from the past

<p>We need you. &quot;Read the leaflet with a photo of former popular policeman Kiran Bedi in a protest by police outside the New Delhi police office on Tuesday. That demand is based on the story of Bedi&#39;s tenure as DCP (North) in 1988, somewhat similar to what caused Tuesday&#39;s chaos.</p> <p>Until thirty-one years ago, the police and lawyers of Delhi at the Court of Tissahari worked together - literally, under one roof. On the second floor of the court building, in the prosecutor&#39;s office and in the supporter&#39;s office, is the office of the Deputy National Commissioner. (Northern District) Kiran Bedi</p> <p>On January 15, 1988, a man was arrested from a woman&#39;s toilet at the College of St Stephen SBS Tyagi, an officer who then served under Bedi, saying: &quot;The man was arrested because of the theft due to a complaint from one girl He didn&#39;t tell anyone that he was a lawyer. The next day, when our officers were producing men in court with handcuffs, other lawyers recognized him and began the protest. The judge dismissed him. That is the beginning of the problem. &quot;</p> <p>Another official who did not wish to be named said at the time the incident launched a clash between the lawyer and the police. The incident that triggered the confrontation occurred a week later when the lawyer asked to meet. With Bedi in her second floor office. &quot;On January 21, we were in the process of preparing a Republic Day. A group of lawyers say they want to meet Madam. She asked them to wait outside the office. They are angry and start destroying flower pots. This leads to a clash between the police and the lawyers protesting. There will be more clashes in the weeks to come. &quot;</p> <p>Lawyers continued their protests, and on February 17, a group of approximately 3,000 people raided the court grounds and attacked supporters and damaged their vehicles / property. The lawyer alleged that Bedi is responsible for both incidents - for ordering mace and engineering attacks by outsiders.</p> <p>The government later established an investigation committee, which concluded that the arrest of lawyers for &quot;theft&quot; was &quot;legitimate&quot; but &quot;illegal&quot;. It also described the subsequent police actions &quot;non-discriminatory and unfair. &quot;</p> <p>On Tuesday evening, Bedi, who is currently the Deputy Lieutenant Governor of Puducher, said: &quot;.... I&#39;m still firm and refusing to expand as the lawyers are looking for a suspension. Further arrest / arrest the police that the person arrested for stealing did not identify himself as a supporter at the time of his arrest and also gave another name to the police.</p> <p>In current events as well. &quot;The New Delhi police should stand firm in what may happen,&quot; she said.</p> <p>In September 1998, police Vasant Kunj arrested a lawyer accused of trying to resolve the allegations that took over the educational institution. The police were accused of blocking the request to create a lawyer who was arrested the next day. Some lawyers have accused him of defeating the police accompanying the lawyer when he was created in front of the Patiala court.</p> <p>The lawyers around the court of justice worked in solidarity with the arrested lawyer. &quot;Both parties show maturity and this has been resolved through discussions. The committee consists of police and lawyers questioning the incident, &quot;said senior lawyer Karan Singh, former secretary of the Thai Bar Association&#39;s Patalia House Court, who was involved in the effort to resolve the situation.</p> <p>Two years later, in June 2000, there was another clash when the lawyer stopped marching to Parliament. &quot;The problem was resolved again through negotiations,&quot; Karan Singh said.</p>
  Wed, November 6, 2019 Read Full Article

Reliance JIO will charge on Idea, Vodapone, Airtel, customers 6 paise per minute...

<p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reliance Jio Infocomm Ltd. will charge the customer service 6 paise per minute for calls to competing networks until the time the mobile telecommunications administrator goes into a zero-charge billing system, the company said after the market in Wednesday However, Jio users will be compensated with free data of similar value.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Shares of Vodafone Idea Ltd. and Bharti Airtel Ltd. skyrocketed after the wireless billionaire-controlled carrier Mukesh Ambani said it would terminate free voice calls on its network.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vodafone Idea collected as much as 18% before the end of the day with 6% profit at the highest price since August. Bharti rose 5% to the highest level since April last year, while the shares of Reliance Industries Ltd. increased for the third day.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Reliance Jio Infocomm Ltd. will charge the customer service 6 paise per minute for calls to competing networks until the time the mobile telecommunications administrator goes into a zero-charge billing system, the company said after the market in Wednesday However, Jio users will be compensated with free data of similar value.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The movement &quot;seems to be a big deal as long as the market waits for Jio to move from land catchers to focus on profitable growth,&quot; said Sanford C. Bernstein analyst Chris Lane in a note.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jio Reliance entered the industry in 2016 and became the country&#39;s leading telecommunications service provider this year after free calls and cheap data lured millions of users. For example, Vodafone Idea&#39;s share dropped more than 70% this year, even on Thursday.</span></span></p> <p style="margin-left:0in; margin-right:0in"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jio has already paid over 135,000 rupees (1.9 billion US dollars) user fees to competing operators since launch. The regulatory authorities have planned to cancel these expenses from January next year. But float a fresh new paper to see if the date needs to be fixed - a move that forces Jio to return to fulfill its promise.</span></span></p>
  Fri, October 11, 2019 Read Full Article

The rupee increased by 9 Paise to 70.78 against the USD in early trading before ...

<p>India&#39;s rupee strengthened 9 paise to 70.78 against the US dollar in early Friday trading before the decision by the Reserve Bank of India&#39;s monetary policy.</p> <p>Forex traders say domestic units are trading higher as investors believe the RBI will cut interest rates again to stimulate slowing economic growth.</p> <p>The Monetary Policy Committee (RBC) of the Monetary Policy Committee (MPC) is scheduled to announce the fourth bi-later policy decision for this fiscal year.</p> <p>At the rupee exchange opening at 70.82, then rising again and reaching a high of 70.78, up 9 points in the previous period.</p> <p>However, local units were not able to make a profit and traded at 70.83 against the dollar at 0953 hrs.</p> <p>On Thursday the rupee settled at 70.87 per US dollar.</p> <p>Traders said the positive launch in the domestic stock market and the weakening dollar boosted the domestic unit.</p> <p>Meanwhile, the domestic stock market launched positive on Friday, with the Sensex Index trading at 202.19, rising at 38,309.06 and improving at 41.75 points at 11,355.75.</p> <p>The dollar index, which measures the strength of the dollar per six-currency basket, decreased slightly by 0.01 percent to 98.85.</p> <p>However, the increase in crude oil prices and the outflow of foreign funds has not affected local authorities.</p> <p>Brent crude oil futures, the world&#39;s benchmark oil index, rose 0.36 percent to 57.92 US dollars per barrel.</p> <p>Foreign institutional investors (FII) continued to net sellers in the capital market, pulling Rs. 810.72 crore on Thursday, according to temporary exchange data.</p>
  Fri, October 4, 2019 Read Full Article

Delhi-NCR vehicle strike: How it upsets daily travelers.

<p>A few days after New Delhi&#39;s Chief Minister Arvind Kejriwal said that the revised Motor Vehicle Act has improved the traffic situation in the city, passers on a daily basis are more likely to experience traveling in and out of Delhi-NCR. On thursday</p> <p>The United Front of Transport Association (UFTA) has called for transportation protests in the Delhi-NCR region to oppose tougher penalties for road traffic violations under the modified MV Act.</p> <p>UFTA represents a collection of 41 associations and unions of goods and passenger groups, including trucks, buses, cars, tempos, maxi-cabs and taxis.</p> <p>While the Transport Association is out on strike today, public travel will be very popular. The report shows that more than two hundred thousand personal vehicles, including automatic rickshaw and group buses, tend to leave roads in the Delhi-NCR region.</p> <p>Those who travel by private taxi through the existing taxi rental application have long been facing difficulties and most have to pay more because of the increased expenses during the period. High demand</p> <p>In most areas of the city, people are facing a huge problem finding a taxi.</p> <p>Those who travel every day via auto rickshaws for shorter trips will find themselves standing at an empty auto stand.</p> <p>Passengers will have to go an extra mile to find an auto rickshaw. A lot of people in different parts of the city are welcomed to the empty streets and stand during rush hours on Thursday due to transportation strikes.</p> <p>This problem is said to have to stay up until late.</p>
  Thu, September 19, 2019 Read Full Article

Insurance regulator fined 1.11 crore for violating policy bazaar rules

<p>The Indian Insurance and Development Regulatory Authority (Irdai) has imposed a penalty of Rs.1,11 crore on PolicyBazaar, which gathers insurance websites for regulatory violations. The decision was made after a complaint with Irdai to PolicyBazaar on 7 and 10 October 2016.</p> <p>Eight lawsuits have been filed against PolicyBazaar. Insurance banners have been found guilty of violating four allegations, while in the other four cases they have been warned to be careful in the future and guarantee not to repeat.</p> <p>According to the Irdai PolicyBazaar&#39;s order, it violated the regulation by joining a partnership with the Indian non-health insurance organization by Aetna (IHO) for consulting and OPD services for new customers. According to IRDAI, this is similar to the offering Incentives to customers for policy purchases It also advertises the services offered by IHO on the website. In addition, Irdai punishes the aggregator to share customer information with third parties, in this case IHO.</p> <p>PolicyBazaar was also found guilty of misleading broadcast advertisements about car insurance on television and receiving warnings. According to the Insurance Act, the insurance web aggregator, as an insurance intermediary, must create a website for providing an interface with insurance opportunities for comparing prices and product information of different insurance companies. And other related matters</p> <p><br /> In addition to the impressive penalties, Irdai recommends PolicyBazaar to act as an industry leader and avoid wrongdoing. However, if PolicyBazar feels pain over the decision of the regulator, they can appeal to the appellate court under Article 110 of the Insurance Act of 1938.</p>
  Fri, August 30, 2019 Read Full Article

Indian Rupee falls below 72 against Dollar

<p>The rupee on Friday fell below the level 72 compared to the US currency during the opening period due to continued outflow of foreign funds and losses in the capital market.<br /> The rupee fell 22 cents to the lowest level in 9 months at 72.03 compared to the US dollar in the first period.</p> <p>Rupees are traded in the range of 71.93 to 72.05 compared to the US dollar.</p> <p>Dollar appreciation in foreign markets and continuous capital outflows affect domestic currencies.</p> <p>The dollar index, which measures the strength of the US currency against the world level, increased by 0.15% before discussing the key addresses of the Federal Reserve Chairman, which is under pressure from Trump&#39;s administration to reduce Interest rate</p> <p>Foreign investors are still happy with the sale of shares in the Indian stock market amid hopes that the government will delay the economic stimulus measures.</p>
  Fri, August 23, 2019 Read Full Article

News in Hindi Show All