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Security has also been strengthened in and around other vital installations, including
oil refinery and important power plants in Punjab.Punjab shares 553-km border with
Pakistan.
It has six districts which lie close to the International Border. Meanwhile, evacuation
of people residing in about 1,000 villages within 10 km of the International Border
continued following orders of the authorities.
Heads of local gurdwaras and temples, sarpanches and the police reached out to
people using loudspeakers, asking them to start evacuation at the earliest in the
light of escalating situation between the two countries.
The SGPC, the apex religious body of the Sikhs, has announced every possible help
to the evacuees.
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The JSY was launched in 2005 as part of the National Rural Health Mission (NRHM)
to improve maternal and neonatal health by promotion of institutional deliveries.
According to a working paper JSY has led to an enhancement in the utilisation of
health services among all groups especially among the poorer and underserved
sections in the rural areas, thereby reducing the prevalent disparities in maternal
care.
While previous studies had shown the impact of JSY in reducing maternal mortality,
it was not known if it had reduced socioeconomic inequalities differences in access
to maternal care between individual people of higher or lower socioeconomic status.
Three key services of maternal care were used for the analysis: full antenatal care
(full ANC), safe delivery, and postnatal care.
There were three major findings. First, the increase in utilisation of all three maternal
healthcare services between the two rounds was remarkably higher among illiterate
or less educated and poor women.
Secondly, the usage of all three maternal healthcare services by the OBC, Dalit,
Adivasis and Muslim women increased between the surveys. The study found that
after the implementation of the JSY, there was generally a narrowing of the gap
between the less educated and more educated women and between the poorer and
richer women.
It was found in the survey that women in their early 20s were more likely to avail of
all three maternal health care services as compared to their older women.
Also, the incidence of women availing maternal healthcare decreases with the
increase in the number of children. High incidence of maternal mortality continue to
plague India.
As per the latest Lancet series on maternal health, India accounted for 15 per cent of
the total maternal deaths in the world in 2015 second only to Nigeria with
45,000 women dying during pregnancy or childbirth.
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European leaders have repeatedly said the two demands are incompatible, and
warned London should expect to pay a heavy price for its decision to leave.
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claimed by the IS indicate that the terror group is trying to tap into already
established jihadist groups for its operations in the subcontinent.
IS is trying to set up shop and grow (in the region), but it may be much harder for
them to do so today. This is mostly why we are seeing ISIS tap into already established
jihadi groups like LeJA in Pakistan and JMB in Bangladesh.
Despite its large Muslim population, South Asian has seen proportionally less IS
recruits travelling to Iraq and Syria than West Asia and South East Asia.
With some losses in Syria and Iraq, greater attention will be to foreign theatres, and
they will seek to ally themselves with established groups, simply because it is
operationally easy.
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Mr. Dave said that India has already completed 12 per cent of all pre-2020 Intended
National Determined Contributions (INDC), or the road map by which it will make
good on its commitments to reduce carbon emissions.
As part of its INDC plans, India had promised to bring down its emissions intensity,
or emissions per unit of the GDP, by at least 33 per cent by the year 2030 as compared
to 2005 levels.
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sentence.
The country becomes the latest to leave the Commonwealth after Gambia which
quit in October 2013.
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He called on President Janos Andr at the presidential palace after a meeting with
the Speaker of the National Assembly, Laszlo Kover, at Parliament House in the
forenoon.
Vice-President drove down from Budapest to the quaint resort town of Balatonfured
and paid homage to the memory of Rabindranath Tagore who in 1926 spent a few
weeks there 90 years ago.
He was convalescing here for a few weeks after suffering a heart ailment during a
visit to Budapest, where he arrived on October 26. Tagore loved Hungary and has
written of it.
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announced that New Delhi is willing to play a more active role in stabilising and
unifying the Bay of Bengal community, including Myanmar.
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been under threat.
According to the new support scheme, business establishments in yellow and red
categories can continue to employ the expatriates after paying a special monthly
fee.
As per the support scheme, an employer will have to pay a fee of 3,600 Saudi Arabian
Riyal (SAR) for avoiding the appointment of a Saudi citizen.
However, the higher the number of Saudis to be appointed, the more the fee to be
paid to the government. For every second Saudi national not appointed, the company
will have to pay SAR 4,200.
The support scheme has come at a time when there were fears among Indians about
a possible forced retirement at 60.
Economy
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This shows that the Reserve Bank of India was correct in cutting rates in its latest
policy review, according to experts.
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from trade unions.
The labour ministry now plans a single law on social security for workers that may
combine and alter various laws such as the Employees Provident Fund &
Miscellaneous Provision Act, 1952, the Employees State Insurance Act, 1948, the
Employees Compensation Act, 1921, the Payment of Gratuity Act, 1972 and the
Maternity Benefit Act, 1961.
Labour Minister Bandaru Dattatreya had said in August that the ministry had held
about 25 tripartite meetings with stakeholders since coming to power in May 2014
to discuss workers-related issues.
The labour ministry official said state-level officials, including welfare boards and
local bodies, will also be a part of the discussion on the proposed social security
code for workers.
For framing the draft social security code, the Centre had also asked the International
Labour Organisation (ILO) for technical assistance.
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do away with a norm mandating retiring employees to buy an annuity with 40 per
cent of their accumulated corpus.
Returns on annuity products that deliver a monthly income to retirees are quite low
and the compulsory annuitisation puts off potential investors who may prefer to
park their retirement savings elsewhere for better returns.
For premature withdrawals from the NPS before the age of 60, eighty per cent of the
amount must be invested in an annuity product.
At retirement, 40 per cent of savings must be invested in an annuity, although the
PFRDA has allowed retirees to defer the purchase for three years, if the financial
markets are in a downturn when they turn 60.
The intent is to ensure people get a monthly income in their sunset years instead of
frittering away their entire nest-egg on large expenses at retirement.
Scrapping the annuity requirement altogether would need a change in the PFRDA
Act which stipulates an annuity purchase at retirement, but it is possible to reduce
the proportion of corpus to be annuitised from the 40 per cent prescribed now.
So the PFRDA has proposed a reduction in the mandatory annuity norm, giving
people the option to invest in other products that could offer higher returns, Mr.
Contractor said. The Finance Ministry is considering the proposal.
Diluting the annuity prescription would spur greater competition between the 12-
year old NPS, which is managing Rs.1.45 lakh crore savings for 3.8 million members,
and the EPFO which has Rs.10 lakh crore under its watch.
It may be recalled that the Centre had to backtrack on a Budget proposal this year,
intended to bring parity between the two retirement savings alternatives by making
60 per cent of EPF corpus taxable, after widespread furore and an intervention at the
highest level.
While he had rolled back the tax on EPF savings, Finance Minister Arun Jaitley made
40 per cent of the NPS corpus tax-free in this Budget. Earlier, the entire NPS corpus
was taxable.
Govt had granted an additional annual deduction of Rs.50,000 from gross taxable
income for NPS investments over and above the Rs.1.5 lakh deduction permitted for
similar investments such as life insurance premia, public provident fund and EPF.
The PFRDA chief said the additional deduction triggered a surge in new NPS
accounts, most of which were opened towards the end of the previous financial year.
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The magnitude of problem was such that the tea industry had problems in making
bonus payments, while companies could not close their second quarter results due
to payment reconciliation issues through the four sales since mid- September.
The Tea Boards official missive said that it had been decided that pan-India post
settlement module would be kept on hold from October 18 or till further orders.
Trade and industry see this as a temporary rollback.
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The sharp drop in private investment in PPP projects in recent years was due to
delays in project approvals and land purchases by the government.
Complicated dispute resolution mechanisms in concession agreements and lower
than expected revenues due to aggressive assumptions.
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NITI Aayog and Agriculture Ministry are working on the new model law, which can
be adopted by the states. At present, few states like Punjab have come out with
separate contract farming law.
The new APMC Act will also have provision for promoting online or spot (e-national
agriculture market) agriculture market platforms and ensure that all these measures
are revenue neutral for states.
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However, discussions will be held on possible exceptions, including for environment
and security-related clearances.
The Centre is already developing an eBiz project that is basically a government-to-
business portal. The services offered under the portal are on starting, running and
closing down a business.
Introduced in January 2014, the portal has an integrated payment gateway and
currently offers 17 pan-India services (at the Central government-level).
The focus now is on revamping this portal by identifying and removing glitches.
The thrust will be on quality by reducing the cost, time and processes involved, and
ensuring greater transparency.
The portal will also be soon shifted to an open source multi-platform system/
browser. Also in the pipeline is a permanent account number (PAN)-based Business
Identification Number (BIN) for firms.
This unique business ID will integrate about 18 identification numbers including
the existing Company Identification Number.
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While there were several issues, one of the aspects was that capital was invested on
a fragmented basis by companies that had relatively little access to equity.
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It is likely that the MPC will go through an initial phase of 'learning by doing' as it
evolves and matures as a professional policy-setter.
But it is essential that it adopts a rule-based approach and methodology from the
start itself and eschew too much discretion in order to find space for rate cuts for
supporting growth.
As regards the impact of the rate cut, three issues loom large: credit growth, stressed
assets/NPAs of banks and corporate investment.
Extremely sluggish credit growth on the part of PSU banks to sectors other than
retail borrowers is going to last for quite some time.
And so long as the credit cost by way of provisioning for NPAs remains high, as is
the case now, the likelihood of a reduction in borrowing cost in response to cuts in
the policy rate will continue to be low.
Transmission of monetary policy will continue to remain sub-optimal till the
estimated Rs.13.3 trillion (or Rs.13.3 lakh crore) of stressed assets/NPAs of banks
are resolved.
While RBI has done a good job in pushing banks to recognise their NPAs, it has
been quiet on the lack of progress in the resolution of stressed assets/NPAs.
Various schemes for debt resolution such as Corporate Debt Restructuring (CDR),
Strategic Debt Restructuring (SDR) and the recent Scheme for Sustainable Structuring
of Stressed Assets (S4A) have not had any noticeable impact so far.
Finally, the government should enable PSU banks to devise a solution to the following
asymmetric incentives faced by in relation to stressed assets/NPAs: the downside
of a loan becoming an NPA and unrecoverable is much less compared to the downside
of a vigilance enquiry in respect of genuine debt resolution.
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fly on each regional route. Airlines will be required to submit a bank guarantee
equivalent to 5 per cent of the total subsidy amount.
An airline operating a 40-seater aircraft to fly thrice a week throughout the year on
an 800-km distance flight will need to submit about Rs.8 lakh as bank guarantee, as
against an earlier proposal of Rs.50 lakh for each regional route
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India has closed its gender gap by 2 per cent in a year, but much work remains to be
done to empower women in the economic sphere, the WEF report noted.
The global workplace gender gap, measured in terms of economic participation and
opportunities, is getting worse and stands at the highest level since 2008, according
to the WEF. This gap will now not close until the year 2186, going by current trends.
Within South Asia, Indias neighbour Bangladesh is the top performer (ranked 72nd),
recording progress on the political empowerment gender gap, but a wider gap on
womens labour force participation and estimated earned income.
Indias women rank highly on political empowerment and the country is closing the
gap on wage equality and across all indicators of the educational attainment sub-
index, fully closing its primary and secondary education enrolment gender gaps.
Clubbing India with the likes of Iran, UAE and Chile, the report said these countries
have made key investments in womens education but have generally not removed
barriers to womens participation in the workforce.
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tracking of the states/UTs on the basis of the implementation of the plan.
At present, there are ten states that have an implementation percentage of 90 per
cent or more and these have been categorised as leaders.
The number one rank is currently being held by two States Andhra Pradesh and
Telangana with a score of 99.09 per cent each.
The next category is that of aspiring leaders those with an implementation rate
between 60-90 per cent. There are currently seven states in that category of which
five have an implementation rate of over 80 per cent.
The third category is termed acceleration required those with an implementation
percentage of 30-60 per cent. There are two States in this category.
The 17 poorly performing States/UTs are those falling in the last category called
jump-start needed with a 0-30 per cent implementation percentage.
Reform areas are under categories including construction permit, environmental
and labour registration, obtaining an electricity connection, online tax-return filing,
inspection reform, single window, land availability and dispute resolution.
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India has third largest startup companies
India continues to harbour the third largest start-up base, marginally behind the
U.K., according to a Nasscom-Zinnov start-up report.
The report, titled Indian Start-up Ecosystem Maturing 2016, says that the
ecosystem is poised to grow by an impressive 2.2X to reach more than 10,500 start-
ups by the year 2020.
There is an increased interest from student entrepreneurs this year, according to the
report. A remarkable growth of 25 per cent has been witnessed in 2016 with over 350
ventures founded by young students.
The median age of start-up founders has reduced marginally from 32 years in 2015
to 31 years in 2016.
Some of the notable findings of the report include: continued growth in the number
of start-ups in 2016 with Bengaluru, the National Capital Region and Mumbai
continuing to lead as major start-up hubs for the nation.
In terms of vertical growth, investors are looking at domains like health-tech, fin-
tech, and edu-tech. With a total funding of approximately $4 billion, close to 650
young firms were funded signifying a healthy growth of the ecosystem.
The number of technology firms in India is expected to grow by 10-12 per cent to
more than 4,750 start-ups by the end of 2016. More than 1,400 new ventures emerged
in 2016 denoting that the ecosystem is becoming prudent with both investors and
start-up founders focusing on profitability and optimising the overall spend.
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The pact provides for a free trade regime between two countries, and duty free transit
of Bhutanese merchandise for trade with third countries.
As per the pact, bilateral trade between will continue to be transacted in Indian
Rupees and Bhutanese Ngultrums.
Both sides had in July held talks to finalise the text of the draft new agreement.
They had then decided that, in the interim, to prevent disruption of trade, the existing
agreement should be extended for one year or till the new pact is enforced, whichever
is earlier.
Bhutan was among the SAARC nations that had shared the concerns of India in the
wake of the Uri attack, and expressed solidarity with New Delhi saying it was not
conducive to hold the SAARC Summit in Islamabad.
Bhutan is also part of the BIMSTEC grouping that had recently held talks with BRICS
nations including India to boost ties.
The bilateral trade had grown by 55 per cent year-on-year in FY16 to $750 million,
with Indias exports increasing 40.4 per cent to $469 million, while imports from
Bhutan rose 87 per cent to $281 million.
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Benami Transactions Amendment Act will come into
force on November 1
The Benami Transactions (Prohibition) Amendment Act will come into force on
November 1, 2016, the Central Board of Direct Taxes said on Friday.
Following this, the existing Benami Transactions (Prohibition) Act will be renamed
as the Prohibition of Benami Property Transactions Act (PBPT Act).
The PBPT Act defines benami transactions, prohibits them and further provides that
violation of the PBPT Act is punishable with imprisonment and fine.
The PBPT Act prohibits recovery of the property held benami from benamidar by
the real owner. Properties held benami are liable for confiscation by the Government
without payment of compensation.
According to the new law, people caught with 'benami' properties could serve up to
seven years of rigorous imprisonment and have to pay a significant fine.
Additionally, the properties will be confiscated. Under the Act, a transaction is named
benami if property is held by one person, but has been provided or paid for by
another person.
A person could also face rigorous imprisonment for up to five years for knowingly
giving false information and will have to pay a fine of up to 10 per cent of the market
value of the property.
The PBPT Act provides for the creation of an appellate mechanism called the
Adjudicating Authority and Appellate Tribunal.
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Market participants, however, expected the year to be strong for equities because of
the governments reform push and an upswing in corporate earnings.
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than previously thought, astronomers have found.
The surprising find, based on 3D modelling of images collected over 20 years by the
Hubble Space Telescope, has been published in the Astronomical Journal .
Even in the era of modern astronomy, getting an accurate tally of the number of
galaxies in the universe has proved difficult.
To begin with, there is only part of the cosmos where light given off by distant objects
has had time to reach Earth. The rest is effectively beyond our reach.
And even within this observable universe, current technology only allows us to
glimpse ten percent of what is out there, according to the new findings.
The analysis reached back more than 13 billion years very near the time of the
Big Bang thought to have given birth to the universe.
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Landing on an alien surface is a very complicated activity, said Dr. Annadurai, who
was also the Project Director for the successful Chandrayaan-1 of 2008. The success
of the Lander hinges on the sensors.
As the Lander descends from the mother ship or Orbiter, its sensors must judge the
distance to the lunar surface.
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Navy in anti-ship and precision strike roles respectively. The air version is at present
undergoing testing.
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Sports
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India won Kabaddi World Cup
Ajay Thakur masterminded a memorable triumph against a spirited Iran with a terrific
exhibition of raiding in the 2016 Kabaddi World Cup final at the Arena.
Pardeep Narwal, who was Indias second most successful raider in the league stage,
was off colour, but substitute Nitin Tomar rose to the occasion, winning super raid
points that sent out Sheykh and Fazel Atrachali at a critical juncture.
It was a third clash between India and Iran in a World Cup final the previous two
were held in 2004 and 2007 in Mumbai, and on both occasions, India triumphed.
With the third World Cup being staged after four editions of the ProKabaddi League,
there was a lot of hype and hoopla around the event and there was immense pressure
on Anup Kumars team to win the title a third time.
India took the field with Anup Kumar, Manjit Chillar, Thakur, Pardeep Narwal,
Sandeep Narwal, Surjeet and Surender Nada. After two empty raids from either
side, Sandeep Narwal won the home side the first point with a hand touch.
India showed its wherewithal in a sport it has dominated since the 1990 Asian Games.
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