Daily change in petrol, diesel prices: Here's how to check the rate via SMS. Amid protests by dealers on the daily price revision of petrol and diesel, state-run Indian Oil Corporation has claimed that it will ensure the best possible prices to customers.
According to the companies, dealers will ensure price update at their fuel stations before start of sale, every day. Updated prices will be immediately exhibited at all petrol pumps for information of the public. “For their convenience and assurance, customers would be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil’s mobile app - Fuel@IOC. Alternatively, customers may cross-check the prices applicable in their cities by sending SMS RSP. Pakistan scrambles to protect CPEC's Chinese workers after IS killings. Chastened by the Islamic State's claim to have killed two kidnapped Chinese teachers, Pakistan is beefing up security around Chinese citizens streaming into the country on the back of Beijing's "Belt and Road" infrastructure splurge.
China has often urged Pakistan to improve security after pledging around $57 billion to build power plants, railways, and roads that will cross the Himalayas to connect western China with Pakistan's Arabian Sea port of Gwadar. Pakistani officials have outlined to Reuters extensive security plans that include thousands-strong police protection forces, tighter monitoring of Chinese nationals, and in the province of Baluchistan - where the two teachers were kidnapped on May 24 - a review of security arrangements. The protection forces will buttress a 15,000-strong army division set up specifically to safeguard projects in the China-Pakistan Economic Corridor (CPEC) initiative, which has been credited with rejuvenating Pakistan's $300 billion economy.
Why was public kept in dark for 8 months after first Zika case in India? The first laboratory confirmed case of Zika in India was detected in a hospital in Ahmedabad, Gujarat, on November 9, 2016.
A further two cases were subsequently confirmed – one in January 2017 and another in February. None of these cases were reported to the World Health Organisation (WHO) until May 15. Why the government decided against publicly announcing these cases for nearly six months after first confirming them is unclear, but it reflects ongoing low levels of transparency in India’s public health system.
Not surprisingly, India ranked second to last in a recent study of transparency in health systems across 32 countries. The WHO strongly encourages governments to quickly report potential and actual public health threats so that the problem can be nipped in the bud. In 2003, China withheld information about a major SARS outbreak, which put its own public and those of other countries under grave risk.
India crush SA; to face Bangladesh in Champions Trophy semi-final. Defending champions India outclassed South Africa in all departments of the game to enter the semi-finals of the ICC Champions Trophy with a comprehensive eight-wicket victory in London on Sunday.
India will meet Bangladesh in the semi-finals in Birmingham on Thursday. French open 2017: Rafael Nadal outclasses Wawrinka to win 'La Decima' Rafael Nadal on Sunday came out with a stunning display against Stan Wawrinka and defeated the Swiss in straight sets to win the Men's Singles title for a magical 10th time, achieving 'La Decima' and reaffirming his status as the greatest clay-courter of all time.
The World Number four claimed the title with a clinical 6-2, 6-3, 6-1 victory over Wawrinka in a match that lasted for just over two hours. The Spaniard dominated the summit clash completely and didn't allow the third seeded player to harbour any hopes of a comeback in the match. The lad from Majorca did not drop a single set in his seven victories in Paris in 2017. Nadal scored 27 winners as compared to Wawrinka's 19. May seeks deal to cling to power. British Prime Minister Theresa May was seeking a deal with a small Northern Irish party on Sunday to stay in power after losing her party’s parliamentary majority in a catastrophic electoral gamble just days before Brexit talks are set to start.
But with May’s personal authority in tatters, there were reports that moves were afoot within her Conservative Party to dislodge her, while opposition Labour leader Jeremy Corbyn was insisting she could be ousted and he could replace her. May’s Downing Street office said on Sunday she had spoken with Northern Ireland’s pro-Brexit, socially conservative Democratic Unionist Party (DUP) to discuss finalising a deal when parliament returns on Tuesday. “We will welcome any such deal being agreed, as it will provide the stability and certainty the whole country requires as we embark on Brexit and beyond,” Downing Street said in a statement. “As and when details are finalised both parties will put them forward,” it said. Business Standard. Don't want a second term as Attorney General, Rohatgi tells Modi govt. Attorney General Mukul Rohatgi, whose three-year tenure will end on June 19, has asked the government not to consider him for reappointment to the post.
Rohatgi told PTI that he had written to the government last month conveying his wish to discontinue as Attorney General and return to private practice. He said the extension given to him by the government earlier this month was "adhoc", till further orders, as it was done when the Prime Minister was on a visit to Russia. "So, the government has to take a call on my decision," he said. Rohatgi said that he maintained a "good relationship" with the government and would come to its aid as and when required. He said he was appointed by the Narendra Modi government after it came to power in May 2014 and he has served his term to his full satisfaction.
Maharashtra govt announces loan waiver; farmers call off protests. The Maharashtra government on Sunday announced a loan waiver for farmers and decided to form a committee to decide the criteria of debt relief, after which cultivators called off their protests.
"The government has decided to waive farmers' loans. The loans of farmers with small land holdings stand waived from today itself," Revenue Minister Chandrakant Patil said. Patil, who headed a high-powered committee set up by Chief Minister Devendra Fadnavis, was speaking to reporters after holding discussions with farmer leaders here today. Farmer leader and Lok Sabha member Raju Shetti, who participated in the talks, said he was happy that their demands had been met. Finance Ministry debating bad bank, basic income proposals: Arun Jaitley. Finance Minister Arun Jaitley on Sunday said the ministry is debating two innovative suggestions made by the latest Economic Survey — Universal Basic Income (UBI) and creation of bad bank — to deal with the unacceptable levels of bad loans.
GST Council reduces rates of 66 products. With two weeks to go for the goods and services tax (GST) roll-out, the GST Council on Sunday reduced the rates for 66 items and expanded the scope of the composition scheme for the benefit of small traders, manufacturers, and restaurateurs.
The composition scheme is a presumptive taxation scheme allowing small traders, manufacturers and restaurants to pay a 1-5 per cent GST rate on sales without tax credits. Insulin, pickles, printers, agarbattis, school bags, and cashew nuts are among the 66. UK elections: What it means for Brexit and America? Despite the many distractions of a full news cycle, it’s time to start paying closer attention to Thursday’s elections in the U.K. Much has changed since U.K. Prime Minister Theresa May stunned the world in April by calling for snap elections. For starters, after the two recent terrorist attacks on British soil, security has joined Brexit, health care and the economy as a central issue facing U.K. voters. Home loan norms, interest rates: Brokerage views on RBI's policy review.
The Reserve Bank of India (RBI) kept key rates – repo and reverse repo – unchanged while reviewing the monetary Policy on Wednesday. The central bank also sharply lowered its inflation projection for H1 FY18 (year ending March 2018) to 2.0-3.5 per cent (from 4.5 per cent earlier) and H2 FY18 to 3.5-4.5 per cent (from 5 per cent), with risks evenly balanced. It also lowered its GVA growth projection to 7.3 per cent from 7.4 per cent for FY18. RCom shares dip after Moody's, Fitch downgrade credit ratings again. Shares of Reliance Communications tanked over 4% on Wednesday after the rating agencies Fitch and Moody's on Tuesday downgraded credit rating of the company on account of its fragile liquidity position and limited ability to pay back debt. The stock hit an intraday low of Rs 19, down 4.2% on the BSE.
RCom has fallen over 24% since the company reported loss of Rs 948 crore for the fourth quarter, hurt by intense price war unleashed by newcomer Reliance Jio. It had registered net profit of Rs 79 crore in the corresponding quarter of the previous fiscal year. RCom shares rose as much as 4.6 per cent on Monday after the debt-laden mobile carrier said it has won a seven-month reprieve on its loans from lenders, but pared gains in Tuesday's session on concerns over growing debt.
Adani giving itself the green light does not change the economics of coal. Indian mining firm Adani announced on Tuesday that its board had approved plans to proceed with the controversial Carmichael coal mine in Queensland’s Galilee Basin. But it is still far from clear whether Adani has actually obtained the finance to proceed with the A$16.5 billion project, or whether it has secured the necessary A$1.1 billion loan from the government’s Northern Australia Infrastructure Facility needed for the mine’s railway. That hasn’t stopped the state government hailing the announcement as an economic win for Queensland, on the basis of job creation and for the signals it provides to potential investors in the region. But this amounts to little more than short-sighted politics. The government appears to be steadfastly ignoring the realities of the current energy landscape. Jio effect? Telecom industry is at its weakest, govt will have to step in. How did it get so bad?
The Indian Telecom sector has been under pressure for the last 8 years because of rising competitive and capex intensity. During this period the contribution of telecom services to GDP has declined from 2% of GDP in FY09 to just 1.2% in FY17. The return ratios for the telecom players has also consistently declined during the period and all the telecom companies do not manage to earn their cost of capital because of continuous investments in spectrum purchases. While competitive intensity has changed with entry and exit of players, the capex intensity has consistently risen because of spectrum auctions. The industry at this juncture is at its weakest because of the high degree of financial leverage and margins impacted by rising competition from new player Reliance Jio. Industry structure is a key determinant for profitability. India being encircled? Pentagon says China may build military base in Pak.
RBI policy today: Language, not rates, to be focus as GST, monsoon roll in. The Reserve Bank of India (RBI) is widely expected to keep its policy rates unchanged at Wednesday’s monetary policy review. CBI raids NDTV's Prannoy Roy for 2008 deals with ICICI Bank. Move to impose beef ban in Meghalaya 'false and malicious', says BJP.
Qatar Airways suspends flights to UAE, Egypt, Bahrain. Qatar Airways has cancelled flights to Bahrain, Egypt and the United Arab Emirates from Tuesday until further notice, the airline said on its website, a day after it had suspended flights to Saudi Arabia. The airline said passengers holding a confirmed Qatar Airways ticket to any of the four countries between June 5 and July 6 are permitted to rebook their flights up to 30 days after their current departure date. Qatar Airways said its offices will continue to operate as normal in affected countries until further notice. In UP, cattle slaughter, smuggling to be punishable under Gangster Act. Gulf-Qatar rift: What it means for India and the global oil market.
Delhi Police detain 10 Jet Airways pilots for abusing DGCA on social media. West Bengal will lose tax collection power if it misses date with GST. Sebi scanner on valuation paid under compulsory delisting. The Securities and Exchange Board of India (Sebi) is training its guns at the promoters of companies that have been told to compulsorily delist, after public shareholders of several such firms moved the capital market regulator alleging that they were not being paid fair value by promoters. NDTV to bring down curtains on NDTV Profit. Merger may be preferred route for ONGC, HPCL. GDP numbers: Will the RBI cut rates next week? Here's what HSBC thinks. Banks may seek forensic audit of RCom books. Donald Trump's decision to leave Paris agreement hurts the US and the world. Should US stay in Paris Agreement? Most Democrats, Republicans think so. Govt looks to rejig Air India debt to sweeten deal for buyer.
Note ban effect: GDP growth enters slow lane in Q4 at 6.1% Mukesh Ambani invests Rs 12,725 cr in gas pipeline firm RGTIL. Jio effect: Tata Tele's net worth erodes by Rs 11,650 cr. Amid bandh call over Sabzar Bhat's death, 800 J&K youth sit for Army exam. Govt willing to completely exit debt-plagued Air India: FM Jaitley. Army chief Rawat dares stone pelters to fire weapons instead of stones. ONGC Q4 net falls 6% to Rs 4,340 cr on higher expenses.