2018 | DIN NEWS - Part 435

Mauritius largest source of FDI in India, says RBI

January 20, 2018 strong

Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank. Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI today. Of the 18,667 companies that participated in the census, 17,020 had FDI/overseas direct investment in their balance sheets in March 2017, it said. “96 per cent of the responding companies were unlisted in March…

NEWS CATEGORIES WORLD NEWS

Pak summons Indian envoy over ‘ceasefire violations’

January 20, 2018January 20, 2018 strong

Pakistan summoned Indian Deputy High Commissioner J P Singh today for the second time in two days over the alleged “unprovoked ceasefire violations” by the Indian forces that killed Pakistani citizens. Director General (South Asia & SAARC) Mohammad Faisal summoned Singh for “unprovoked ceasefire violations by the Indian occupation forces along the Working Boundary on 19th January in Sialkot Sector,” the Foreign Office said. He said the firing resulted in the death of a 24-year-old civilian and injured nine others in village Harpal. Yesterday, Singh was summoned after two women…

NEWS CATEGORIES WORLD NEWS

China to enshrine Xi’s name in state constitution

January 20, 2018January 20, 2018 strong

China’s Communist Party proposed today to engrave President Xi Jinping’s guiding philosophy in the country’s constitution, further cementing his status as its most powerful leader in decades. Xi’s eponymous “thought” was already enshrined in the Communist Party constitution at a major congress in October, elevating him to the same status as modern China’s founder Mao Zedong. The architect of China’s economic reforms, Deng Xiaoping, is the only other leader whose name appears alongside his guiding principle in both the state and party constitutions. The party’s Central Committee proposed at a…

NATIONAL NEWS NEWS CATEGORIES

Splitting UP inevitable due to size and population: Ramesh

January 20, 2018January 20, 2018 strong

Former Union minister Jairam Ramesh has kicked up a debate on the issue of governance in BJP-ruled Uttar Pradesh, saying a division of the state would become inevitable due to its size and large population. Delivering the second V Ramachandran Memorial Lecture, organised by the Centre for Management Development here yesterday on “Reflections on India’s demographic future”, Ramesh said, “I for one believe that the reorganisation of Uttar Pradesh will become inevitable, sooner rather than later.” This was because a state with a population of over 400 million by the…

NATIONAL NEWS NEWS CATEGORIES

EC recommends disqualification of 20 AAP MLAs

January 20, 2018January 20, 2018 strong

In a blow to Delhi’s ruling Aam Admi Party, the Election Commission on Friday recommended to the President the disqualification of 20 of its MLAs for holding office of profit, setting the stage for their ouster from the Assembly In its opinion sent to President Ram Nath Kovind on Friday morning, the Election Commission said the MLAs, by occupying the post of parliamentary secretaries between March 13, 2015 and September 8, 2016, held office of profit, and were liable to be disqualified as legislators, highly-placed sources said The President is…

NEWS CATEGORIES SPORTS

Kohli becomes second India batsman to reach 900-point mark

January 19, 2018January 19, 2018 strong

Virat Kohli has become only the second India batsman after Sunil Gavaskar to reach the 900- point mark in the latest ICC Player Rankings for Test batsmen, which were released following the conclusion of the Centurion Test. Gavaskar, one of the ICC Cricket Hall of Famers, had achieved the milestone in his 50th Test when he scored 13 and 221 at The Oval in 1979 to jump from 887 points to 916 points, which remained his career-best. Kohli, who recorded his 21st century at Centurion, got to the rare feat…

ENTERTAINMENT NEWS CATEGORIES

Kamal says he shares vision of Abdul Kalam for a ‘good TN’

January 19, 2018January 19, 2018 strong

Veteran star Kamal Haasan on Thursday said he intended to launch his political tour of Tamil Nadu on February 21 from the residence of late President APJ Abdul Kalam at Ramanathapuram, which is also the hometown of the actor. The top actor said he too shared the vision of Kalam who dreamt of a “good Tamil Nadu.” By launching his political tour from the residence of the late leader, he would be moving forward towards that goal, the actor said, writing in his weekly column in Tamil weekly ‘Ananda Vikatan.’…

LEGAL NEWS NEWS CATEGORIES

Govt recovering tax from Cairn UK, why come after us: Cairn

January 19, 2018January 19, 2018 strong0 comment

Cairn India, now Vedanta Ltd, today told the Delhi High Court that proceedings regarding an over Rs 20,000 crore tax demand for non-payment of withholding tax on capital gains in 2006 by its former parent Cairn UK, need not continue as the authorities have taken action against the foreign entity. Cairn India, which in April last year merged with businessman Anil Agarwal’s Vedanta Group, told a bench of Justices Sanjiv Khanna and Chander Shekhar that the Indian tax authorities have already recovered over Rs 600 crore from it towards the…

LEGAL NEWS NEWS CATEGORIES

Terror funding: NIA files charge sheet agnst Hafiz Saeed, others

January 19, 2018January 19, 2018 strong

The National Investigation Agency (NIA) today filed a charge sheet in a Delhi court against terror masterminds Hafiz Saeed and Syed Salahuddin and ten Kashmiri separatists in a case of alleged terror funding and secessionist activities in the valley. The charge sheet was filed by the probe agency before Additional Sessions Judge Tarun Sherawat, who kept it for consideration later today. The probe agency said the 12,794-page charge sheet has been filed against 12 persons including Hafiz Saeed, the head of banned terror outfit Lashkar-e-Taiba, and Hizbul Mujahideen head Syed…

BUSINESS NEWS CATEGORIES

Nifty ends above 10,800 for the first time; up 28 pts

January 19, 2018January 19, 2018 strong

NSE benchmark Nifty registered modest gains despite late volatility and advanced by 28.45 points to 10,817 — a fresh record closing high on sustained buying mainly in FMCG, bank Nifty and finance service sectors. Gains were triggered by reports indicating that the government is mulling a proposal to hike foreign direct investment (FDI) limit in the banking sector on the back of positive global cues amid sustained FII inflows, taking the key indices intra-day record highs, underpinned sentiment. However, heavy selling pressure during fag-end trade mainly in metal, realty, PSU…