Tuesday , 17 July 2018
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INDIA

In one of biggest IT recoveries, Rs 160 cr cash seized in Tamil Nadu

During raids at around 22 locations, officials stumbled upon  Rs. 160 crore in cash and around 100 kg bullion was found.  Tax officials termed the recoveries as probably the highest so far in a raid anywhere in the country. 17 premises were in Chennai, 4 in Aruppukotai and 1 each in Katpadi and Vellore.  Searches are still underway at few ... Read More »

SC cracks down on mob lynching; asks Centre to frame new law

Giving its observations on a petition against lynching by cow vigilantes, the apex court called such incidents as horrendous acts of mobocracy.  SC made it clear that no individual can take law into his own hands.  The apex court also directed the state governments to take appropriate action and said that in case of fear and anarchy, the state has ... Read More »

IMF projects 7.3%, 7.5% growth rate for India in 2018 and 2019

However, the latest growth rate projection for India is slightly less — 0.1 per cent in 2018 and 0.3 per cent in 2019 than its April projections. India’s growth rate is expected to rise from 6.7 per cent in 2017 to 7.3 per cent in 2018 and 7.5 per cent in 2019, as drags from the currency exchange initiative and the ... Read More »

Users should have rights over their data as firms are mere custodians: TRAI

Terming the existing data protection framework as inadequate, the Telecom Regulatory Authority of India (TRAI) in a set of recommendations to DoT said that companies should not use meta-data to identify users and should disclose any data breaches. Stating that each user owns his/her personal data and information submitted to any entity, it said entities controlling and processing user data ... Read More »

EU warns Sri Lanka over death penalty

The diplomatic missions based in Colombo wrote a letter to Sri Lankan President Maithri­pala Sirisena yesterday that they fully oppose the recent statement by him that he will reinstate the death penalty. The missions said that they were writing to verify the worrying information in the public domain about the intention of Sri Lankan government to resume implementing the death ... Read More »

European Union warns Maldives of sanctions

The Maldives has been in turmoil since strongman President Abdulla Yameen jailed or exiled all his main opponents in recent months. “The European Union adopted today a framework for targeted sanctions in view of the situation in the Maldives, making it possible, if the situation does not improve, to impose a travel ban and an asset freeze on relevant individuals ... Read More »

Monsoon wrath continues across India; MeT forecasts more rainfall

The season’s biggest high tide was seen in Mumbai on Monday. Following MeT office warning, BMC, Mumbai Police and Naval Coast Guard have been put on alert. Fishermen and people have been advised not to venture into the sea. In the national capital Delhi, Monday afternoon brought the mercury down. MeT office has predicted that monsoon rains will continue in Delhi-NCR, Uttar ... Read More »

Trump, Putin tout reset in ties at Helsinki summit

The US and Russian leaders came out of their meeting in Helsinki expressing a desire to cooperate on global challenges, after talks on an array of issues from Syria, Ukraine and China to trade tariffs and the size of their nuclear arsenals. Standing alongside Putin at a joint news conference, Trump said he had “spent a great deal of time ... Read More »

A day before Monsoon Session, Speaker and Centre call all-party meet

The Monsoon Session of Parliament will begin on July 18. The Speaker will seek the support of the parties in ensuring smooth functioning of the session and passage of various pending bills. Prior to this meeting, the government has convened an all-party meeting in New Delhi. During the meeting, the Centre will seek Opposition’s support for the smooth conduct of ... Read More »

125 crore Indians write own destiny in New India: Prime Minister Modi

Outling his vision for New India, PM said that New India is the place where processes drive progress instead of people influencing processes. Prime Minister said that the big dreams of people of small towns are also being fulfilled due to steps taken by the government. He said that these changes are becoming the identity of New India. The PM ... Read More »