- Arunachal Pradesh ratified theGoods and Service Tax (GST) Bill to simplify the taxation by implementing single tax rates across the country.
- Deputy Chief MinisterChowna Mein, who also holds the Finance portfolio, moved the resolution for ratification of the Constitution (One Hundred and Twenty Second Amendment) Bill in the House which was unanimously passed by voice votes. The Bill has been already passed by the both Houses of Parliament and is awaiting assent from the President.
Union Government launches NIDHI for nurturing ideas and innovation into start ups
- Union Government launched a new program calledNational Initiative for Developing and Harnessing Innovations (NIDHI). The initiative aims at nurturing ideas and innovation into successful startups.
- NIDHI, an umbrella programme of theDepartment of Science& Technology (DST), will focus on helping startups to meet their funding, infrastructure and other mentorship needs.NIDHI will allow youths of the country to give aconcrete shape to their ideas.
Modi arrives in Laos to attend ASEAN, East Asia Summits
- Prime Minister Narendra Modi arrived here on Wednesday in theLaotian capital to attend the ASEAN-India and the East Asia Summitsto strengthen India’s trade and security ties with the strategicSoutheast Asian region. During histwo-day visit, Mr. Modi is scheduled to have several bilateral meetings on the sidelines of the Summits, beginning with an interaction withJapanese Premier Shinzo Abe on Wednesday.
- The talks between the two leaders are likely to focus onterrorism, maritime security, disaster management, Regional Comprehensive Economic Partnership (RCEP) and Asia-Pacific Economic Cooperation (APEC).India has been seeking to join the exclusive 21-member APEC.This is thethird timethat the Prime Minister is attending these two Summits.
India Kazakhstan Joint Exercise “Prabal Dostyk -16”
- India, Kazakhstan joint bilateral military exercise “Prabal Dostyk -16” began inKaraganda region ofKazakhstan. The14-day exercise will be a significant step towards fostering military as well as diplomatic ties between both countries. ‘Prabal Dostyk’ means ‘Robust Friendship’.
- The exercise will be conducted in two stages; first stage will be to familiarize with each other’stactics, drills, weapons& equipment. In the second stage, troops of both the armies will graduate to jointly execute a helicopter-borne operation in a simulated environment.
Kerala Travel Mart(KTM) to be inaugurated on World Tourism Day
- As many as551 tour operators from 57countries and1,379 domestic buyers from 20 States have registered for the ninth edition of theKerala Travel Mart (KTM), which will commence in Kochi on September 27. Chief MinisterPinarayi Vijayan will inaugurate the event on September 27,World Tourism Day, Minister for Tourism and CooperationA.C. Moideen told a press conference on Wednesday. Of the 57 countries, 10 are first-time participants. The event will be from September 28 to 30.
- “The biennial event will focus onResponsible Tourism (RT) and Muziris and Spice Route,” the Minister said. As many as10 RT products will be showcased for buyers.KTM 2016 is being organisedby theKerala Travel Mart Society in association with the Department of Tourism,which has provided Rs.2 crore.
Bengaluru hosts first edition of IoT India Congress
- The first edition of ‘IoT India Congress, 2016’ began here on Wednesday. The congress aims to bring together key stakeholders across the value chain and verticals tocollaborate, ideate and share a common roadmap for Internet of Things (IoT) implementation.
- Besides tech start-ups, the congress brought top executives frommultinational companies such asPhilips, GE, and IBM on one platform. Union Minister for Electronics and ITRavi Shankar Prasad, who gave a video address to the ‘IoT India Congress’, said that IoT was likely to generate economic benefits of almost$2 trillion to India. “We are sitting on the cusp of a big revolution,” he said
Bengaluru tops in wildlife offences
- The city, nestled between verdant forests, tops the country in the number of cases filed under the Indian Forest Act and the Wildlife Protection Act, according to the ‘Crime in India 2015’ report released recently by theNational Crime Records Bureau (NCRB).
- As many as48 caseswere registered under the Forest Act — mainly filed against sandalwood and red sander smugglers — and20 under the Wildlife Protection Act. These constitute nearly one-third of all such cases filed in metros across the country. There is solace, however, in the fact that the number of cases under the Forest Act has reduced.According to the 2014 NCRB data, the city had registered58 cases under the Act. However, the case count under the Wildlife Protection Act has gone up by six.
Tata arm to manufacture panels for Boeing’s P-8 warplane
- The Boeing Company has entered into a contract withTata Advanced Materials Ltd (TAML), a subsidiary of Tata Industries Ltd, to source composite interior closeout panels forits P-8 aircraft. The panels to be supplied by TAML will cover the interior wall structure of the aircraft.
- War plane: TheP-8 is designed for long-rangeanti-submarine and anti-surface warfare, as well as armed intelligence, surveillance and reconnaissance missions. TAML is currently under contract to manufacture theP-8 tail cone and auxiliary power unit door fairing out of India. Additionally, TAML works for Dynamitic Technologies Ltd. in support of theCH-47F Chinook, a medium-to-heavy lift helicopter, and for P-8 cabinets.
Himachal Pradesh decides to amend hydro policy 2006
- Himachal Pradesh (HP) cabinet has decided to amend the Hydropower Policy 2006 in respect to transfer of shares by Himachal is tonon-Himachalis. So that now Himachalis can sell or transfer49% equity shares to non-Himachalis at any stage after allotment of projects upto2 MW capacity and full disinvestment after two years of commissioning of the projects.
- It is noted in case ofbonafide Himachalis to whom projects up to2 MW to 5 MW capacity had been allotted, could sell or transfer51% share to non-Himachali people at any stage after allotment of projects and full disinvestment after two years of commissioning of the project.
- Canada was hopeful of reaching agreement to supply energy-hungry and fast-growing India with moreuranium than the3,000 metric tonnes that has already been agreed upon, Canadian Natural Resources Minister Jim Carr said on Wednesday.
- “So long as negotiations continue and Canada can supply enough to meet India’s needs, there is every good reason to be optimistic” about Canada supplyingmore than 3,000 metrictonnes of uranium to fuel India’s nuclear power plants. In April last year, during Prime Minister Narendra Modi’s visit to Canada, a pact was inked for Canada’s Cameco to supply India 3,000 metric tonnes of uranium over five years at an estimated cost of $254 million.
- Futures Industry Association(FIA),a leading global trade organization for derivatives, has opposed most of the proposals in a Securities and Exchange Board of India (SEBI) discussion paper onregulating algorithmic trading.
- In a letter to the capital markets regulator, the global body said that most of the recommendations like forced speed delays, increased resting time between orders and a cap on order-to-trade ratio could impact liquidity and increase trading costs for investors
- Honda Motorcycle& Scooter India(HMSI) and HDFC ERGO General Insurance joined hands to offer discounted motor insurance policies totwo-wheeler buyers across the country. The tie-up comes ahead of thefestival season that begins in October, as both companies want to leverage on the high demand around this time of the year. “Our partnership with HDFC ERGO General Insurance Company will give our valued customers more convenience.
- They will get40 per cent saving on insurance premium (own-damage) and near-cashless claim settlement with the convenient digital interface,”Yadvinder Singh Guleria,Senior VP, Sales& Marketing, HMSI, said while unveiling the plan here. The policy will offer near cashless repairs at over4,650 Honda two-wheeler network outlets across India
SpiceJet Q1 net doubles to Rs.149 crore
- Low-cost airlineSpiceJet posted its sixth consecutive quarterly profit in the first quarter of2016-17. Net profit more than doubled toRs.149 crore from Rs.73 crore in the year-earlier period.While income from operations climbed 36 per cent to Rs.1,521 crore, total expenses also rose 33 per cent toRs.1,374 crore,the airline said.
- In a statement, SpiceJet said that the profits for the March quarter were “adversely impacted by rupee depreciation, inflation and the presence of more expensive wet lease aircraft.”SpiceJet CMD Ajay Singh said that the airline sufferedRs.33 crore as lossesdue to depreciation of rupee. The airline plans to induct three Boeing 737s by November this year and will station three more Bombardier Q 400 aircraft in Kolkata to increase operations to the North East, he said
CPCL mulls adding refinery at Narimanam
- Chennai Petroleum Corporation Ltd., (CPCL),a subsidiary of Indian Oil Corporation, is planning to set up an additional refinery atNarimanam in Nagapattinam District of Tamil Nadu to meet higher demand for petroleum products in the state. “Action has already been initiated to explore the possibility for capacity expansionat Cauvery Basin Refinery (CBR) where land and other infrastructure are readily available,” saidB. Ashok, Chairman, CPCL, at the company’s Annual General Meeting.
- As per the proposed plan, CPCL may set up eithera six million tonnes ornine million tonnes refinery. The cost per tonne is estimated to be betweenRs.2,200 and Rs.2,500 per tonne.
- Indiahas signed a memorandum of understanding(MoU)withGreece to allow unlimited number of flights into each other’s countries. Greece will become the first country with an open sky arrangement under our new civil aviation policy.
- Under the new civil aviation policy, India plans to enter into ‘open sky’ air service agreements (ASA) withSAARC countries and with countries beyond 5,000 km radius from Delhi. Countries sign ASAs through bilateral negotiations to decide on the number of flights that airlines can fly into each other’s countries. Under the open sky pact, there is no restriction on flights or seats.
- Tasmania, an island State of the Commonwealth of Australia, is seeking to deepen trade ties and collaborate with Kerala in areas likeskill development, renewable energy and tourism. A trade delegation led by the Tasmanian Minister for StateGrowth Matthew Groom, currently in the city, calledon Chief Minister Pinarayi Vijayan to identify opportunities for collaboration.
- An official press note issued here saidMr. Groom and Mr.Vijayanhad discussed the possibility of bilateral ties in small scale renewable energy and additional skill development programmes. Earlier, talking to the media, Mr. Groom said the Tasmanian government looked forward topartnering with Kerala in areas such as forest management, aquaculture and maritime development. Tasmania seeks to build ties with Kerala
- C.K. Asnani, a chemical engineer from Osmania University, has taken charge as Chairman and Managing Director ofUranium Corporation of India Limited (UCIL), an undertaking of the Department of Atomic Energy. Mr. Asnani was earlier associated withNuclear Fuel Complex, Hyderabad and was the Director (Technical) of Indian Rare Earths Limited, Mumbai, before the present assignment, according to a company release.
- UCIL plays a significant role in nuclear power generation of the country. The company operates six underground mines (Bagjata, Jaduguda, Bhatin, Narwapahar, Turamdih and Mohuldih) and one open pit mine(Banduhurang) in Jharkhand. Ore produced from these mines is processed in two plants located at Jaduguda and Turamdih.
- Coming out in support of its embattledchairman Vijay Mallya, the United Breweries Ltd. (UBL) management on Wednesday said he would continue as chairman despite reports that the Enforcement Directorate (ED) had attached his shares in the firm.
- UBL has sought legal opinion from a former chief justice of India,Company Director Chug Yogendra Pal, who chaired the AGM here, said while replying to a query. Mr. Pal said that as per law,Mr. Mallya can continue as the chairman. He further said that, as of now, the ED had“not attached” any properties and shares of UBL and Mr. Mallya is not disqualified to be the chairman of the company
- German consumer giantHenkel has elevated Shilip Kumar as president of its India business. He willsucceed Jeremy Hunter, who led the Indian market forover five years, and has now moved toShanghai as president – Henkel China.
- Hunter relocated to India after the company decided to divest their Indian FMCG division toJyothy Labs and focus on the adhesives and cosmetics businesses. Kumar who joined Henkel in 2011 will continue as business director of the transportation and metalSBU (strategic business unit) in India, Middle East and Africa (IMEA) region.
- Pakistan-born Abid Qureshi could be the first Muslim to be a federal judge of theU.S if the Senate confirms his nomination. President Barack Obama nominated Mr. Qureshi for the United States District Court for the District of Columbia on Tuesday, continuing with his efforts to diversify the ethnic composition of the country’s judiciary.
- Satbir Singh, presently Additional Secretary in the Ministry has been appointed as the next Ambassador of India to the People’s Democratic Republic of Algeria.
- Algeria, officially the People’s Democratic Republic of Algeria, is a sovereign state in North Africa on the Mediterranean coast. Its capital and most populous city is Algiers, located in the country’s far north.
- India’s third largest IT services company Wipro on Wednesday said it has won an IT contract from one ofNorway’s largest transportation entities, the NSB Group. The company did not disclose the financial details of the deal.
- As part of the three-year agreement, Wipro will implement itsBoundary-less Datacenter (BLDC) and workspace solutions and utilise its delivery framework to deliver services which will help NSB variablise their IT operations, according to a company statement.
- The Wipro-enabled IT infrastructure services will enable NSB to achieve greaterflexibility, scalability, cost efficiency and offer an enhanced end-user experience, the company said in the statement
- Famous Author Stuart Blackburn’s “Into the Hidden Valley”, a book based on Apatani tribe of Arunachal Pradesh, won the MM Bennetts Award for Historical Fiction 2016 in the UK.
- He is the author of 16 books on Indian culture. The book, published by Speaking Tiger, looks into a little-known episode in the colonial history of British India. Blackburn vividly brings alive the world of the Apatanis.
- TheIndian Space Research Organisation’s GSLV-F05 rocket, carrying theINSAT-3DRadvancedweather satellite, will lift off from the Second Launch Pad of the Satish Dhawan Space Centre.
- The rocket, with the indigenously developed cryogenic upper stage as its fourth stage, will place the satellite,weighing 2,211–kg, in the Geostationary Transfer Orbit. On being placed in the intended orbit,INSAT-3DR would use its own propulsion system to reach its final geosynchronous orbital home and be stationed at74 deg East longitude, ISRO said. The satellite is expected to provide a variety of meteorological services to the country.
- Anjum Chopra becomes the first woman cricketer from India to be awarded an honorary lifemembership of the Marylebone Cricket Club (MCC).
- A former India captain and recipient ofthe Padma Shri in 2014, Anjum was thrilled to share the communication from the MCC. “It is actually an honour for women’s cricket in India. My journey had begun with a trip to the National Stadium as a schoolgirl and I am delighted to bethe first woman player from India to receive the MCC membership,”
- Middle-distance runnerAnkur Dhama isIndia’s first blind athlete in 30 years to participate at 2016 Paralympic Games in Rio De Janeiro, Brazil. The22-year-old MA student at Delhi University will take part in the event withhis partner Vipin Kumar. Dhama took part at theAsian Para Games in 2014and won asilver medal and two bronze medals