India, Sri Lanka hold ministerial level talks in New Delhi
- India and Sri Lanka has been going to talk about the long term of the issues of the fisherman that is in the New Delhi for the fishermen as the talks between the fishermen associations of the two countries failed to yield any results.
- Sri Lankan Foreign Minister Mangala Samarweera will do the meeting with the Minister of External Affairs Sushma Swaraj here, sources said. In this there will be the disscussion will be by the presence of Sri Lankan Prime Minister Ranil Wickremesinghe last month.
- The meeting that will held on Wednesday that include the 15-member delegation of fishermen association from Tamil Nadu and 10-member delegation from northern Sri Lanka. This meeting will held in the term of under the Ministry of External Affairs after a gap of one and a half years were inconclusive. In this meeting there will be the atendee will also the government officials of both sides.
- In this there will be the meeting will be of two side that is of the Palk bay, the 137 kilometers long and its breadth varies between 64 to 137 kilometers. An International Maritime Boundary Line (IMBL) separates five Indian (262,562 fishermen) and three Sri Lankan districts (119,000 fishermen). Fishing is the work of the economic based work northern Sri Lanka and the Sri Lankan fishermen has been demanding their Indian counterparts to stop bottom-trawling that they content has been damaging the marine ecosystem. Since 2014 Sri Lanka Navy has seized more than 100 fishing trawlers; while they have released the Indian fishermen, they refuse to release the trawlers.
Government to launch Project Insight
- The Union Finance Ministry has been planning for the launch of the ‘Project Insight’ from October 2017 in there will be the check of the money transaction by digitaly and that will detect the tax and cut its automaticaly by the technology by using a view to curbing circulation of black money.
- For the implementation of this project, government has signed contract with Information Technogolgy major L&T Infotect Ltd. The project will improve the reduction of the money from the account and that will go on government to curb black money like Operation Clean Money’ after demonetisation, Income Disclosure Scheme, GST implementation, amendment DTAA with countries etc.
- The Project Insight will work as the data mining, big data analytics to scoop out tax evaders from social media platforms to deduce mismatches between spending pattern and income declaration. The linking of PAN (Permanent Account Number) with Aadhaar that will be the identifier of the IT Department to link and analyse various transactions with regards to tax payers.
- By this type of the technology it will be helpfull to catch the tax evaders in non-intrusive manner using technology and without traditional intrusive methods like search and seizure. It will use technology providing government collate databases of IT forms, IT returns, TDS/TCS statements and Statement of Financial Transactions received from financial institutions.
Venkaiah Naidu lays foundation for first Greenfield smart city project in Ranchi
- Vice-President M Venkaiah Naidu has announced that the people will get ready for the higher taxes or user charges for the development of the smart cities and upgraded, modern infrastructure in the existing ones.
- “Agar aapko apne siddhant pe vishwas hai, agar aap mein himmat hai, dum hai, to logon ke beech jaao aur samjhao aur jeeto, mantri bano, mukhya mantri bano; lekin loktantra mein banduk nahin chalega. If you want good drainage, top class transportation, waste management system etc, you will have to pay a bit more. We can’t burden the poor, but those who can afford it should certainly come forward to contribute to the project,” said Naidu.
- The VP said, “Nothing can be a justification for violence in a democratic nation. But there are people who remain silent when Maoists kill common people, but raise hue and cry when Maoists are killed. They begin talking about human rights. Human rights are for the common people, the poor people. Those who kill are not humans, he said, adding that peace and security was required for development and success of any project. Jab tak tension rahega, attention nahin de paayenge (Till the time there is tension, we can’t give attention to development),” he said. Naidu also said that mafia elements should not be encouraged.
- Naidu also said that Ranchi did not get the smart city project because of any political consideration, “It was through a competition. When I was the (Urban Development) Minister, (Prime Minister Narendra) Modi ji told me not to award or leave any state or city due to political reasons. So, today, if Ranchi has got the project, it was not because of Naidu. He said that, once completed, this one city would be like a light house, setting an example and leading to demand for more such cities.”
- Calling upon people to introspect and find ways to fund our projects, preferably through PPP mode, Naidu said, “Earlier, the panchayat and municipal representatives would look to the Collector for funds. The Collector would look up to the state Finance Minister. The state FM would be look to the Chief Minister; who would then go to the union FM. The Union FM would ask the Prime Minister and then the PM would look towards the World Bank or the Asian Development Bank. We have to change this. We have to look inwards and find ways to fund our ambitious projects.”
Second Indian Worker’s Resource centre inaugurated in UAE
- Indian Ambassador in UAE Navdeep Singh Suri has established the second Indian Workers’ Resource Centre (IWRC) in UAE and the main aim of this centre is to provide the facility on the Indians in distress.
- By a center there will be the support will be given to the Indian Community on legal, personal and financial matters, free of cost.
- The first IWRC has opened in Dubai in the year 2010.
- Khalifa bin Zayed bin Sultan Al Nahyan is the President of the United Arab Emirates (UAE).
- The United Arab Emirates is an Arabian Peninsula nation settled mainly along the Persian (Arabian) Gulf
- The country is a federation of 7 emirates
- Abu Dhabi, the island capital, is home to Sheikh Zayed Grand Mosque, with crystal chandeliers and room for 40,000 worshipers
- Dubai is the site of ultramodern Burj Khalifa tower, enormous shopping centers and extravagant entertainment attractions.
- Capital: Abu Dhabi
- Dialing code: +971
- Currency: United Arab Emirates dirham
- Ethnic groups (2015): 27.15% Indian; 12.53% Pakistani; 11.32% Emirati; 7.31% Bangladeshi; 3.13% Sri Lankan; 38.56% others
WhatsApp Co-Founder Brian Acton to Leave Company
- WhatsApp co-founder Brian Acton is leaving the company to start his own non-profit.
- Acton, who started at Facebook when WhatsApp was acquired for $19 billion in 2014, is the lesser known of WhatsApp’s two co-founders. (CEO Jan Koum is the other, and he’s not leaving the company.) Ironically, Acton interviewed at Facebook back in 2009 after leaving a job at Yahoo, but he was not hired.
- “I am very fortunate at my age to have the flexibility to take new risks and focus on what I’m passionate about,” Acton, 45, wrote in a Facebook post. “I’ve decided to start a non-profit focused at the intersection of nonprofit, technology and communications. It’s something I’ve thought about for a while, and now it’s time to just focus and execute. I’ll have more to share in the coming months.”
Pakistan PM inaugurates China-backed fifth nuclear power plant
- Power-starved Pakistan today has got the major amount of the score to the China-backed 340 MegaWatt (MW) nuclear power plant in its Punjab province and that has been installed by the Prime Minister Shahid Khaqan Abbasi.
- The fifth nuclear C-4 plant is located at Chashma in Mianwali district of the Punjab. Mr Abbasi said the government has been on the way of complete for the all energy projects on fast-track basis to tackle the chronic energy shortages.
- Mr Abbasi has been said for the nuclear plants were source of cheap energy and Pakistan and that of the work of the cheap of the secure region. The project has been completed by the support and cooperation of China.
- Before that he has maintain the relationship between the no power shortages after November. Chashma has developed before three nuclear power plants known as C-1, C-2 and C-3, which are contributing to the national grid along with a similar plant in Karachi.
BANKING & FINANCE
50% of women prefer to put money in formal banks: Survey
- In the engage of the system of the banking there is the nearly 50 per cent of the women preferred depositing money in formal banks and almost 72 per cent in rural banking institutions, said a survey.
- “Women are important agents of change when it comes to engaging with formal banking channels. Nearly 48 per cent of women preferred depositing money in formal banks and 72 per cent in rural banking institutions compared to men who preferred to keep their money at home,” according to the survey titled Decoding bank account usage by low income segments: Placing reality in digital ecosystem.
- J P Morgan head (global philanthropy), Maneesha Chadha said, “Women can drive digital financial inclusion provided the services offered are straightforward and supported by training,”
- “This was especially true in rural areas, where 57 per cent of women mentioned seeking updates beyond usual banking transactions such as withdrawals and deposits, but only 40 per cent of men did so.”
RBI awaiting govt notification for coming out with P2P lending norms: Official
- The Reserve Bank has been in the waiting mode for the news or the announcement that will come from the government for the all the member of the list on the lenders under its regulatory ambit before coming out with guidelines on the sector, a senior official said today.
- “Following up on the consultation paper we did last year, we are shortly going to come up with guidelines on peer to peer lending,” RBI’s executive director Sudarshan Sen said at an industry event here.
- “First, we need the government to notify p-2-p platforms as an entity to be regulated by RBI. That requires a gazette notification. Once that happens, we come out with regulation,” he said.
- “We have given our comments to the RBI. The guidelines should be out soon. The norms will be out before July-end,” the official had said. “P2P platform needs to be regulated by the RBI so as to ensure players play by the rule,” the official said.
- “Although nascent in India and not significant in value yet, potential benefits that P2P lending promises to various stakeholders (to borrowers, lenders, agencies etc) and its associated risks to the financial system are too important to be ignored,” the consultation paper said.
Science and Technology
Reliance Energy launched digital assistance robot-ELEKTRA
- Reliance Energy launched a digital assistance robot, ELEKTRA, for the maintainance of the customer that visit on the term of the stakholders. The bot, has launched last week, is powered by artificial intelligence to provide automated machine responses to customer complaints, requests and enquiries.
- In the recent it is available on the website and the facebook page of the distributor and helps customers pay bills, register complaints of no supply. It also helps consumers check bill status and make new connections.
- “Even during peak hours, consumers will get immediate response to their queries from ELEKTRA without any waiting time. This ushers in convenient, quick and hassle-free resolution of consumer complaints and requests of different kinds,” said a spokesperson of Reliance Energy.
- Reliance Communications Ltd. is an Indian telecommunications company headquartered in Navi Mumbai, India
- It provides GSM mobile services, fixed line broadband and voice services, DTH depending upon the areas of operation.
- Headquarters: Navi Mumbai
- CEO: Gurdeep Singh (30 Sep 2016–)
- Founded: 27 December 2002
- Parent organizations: Reliance Group, Sistema
- Subsidiaries: Reliance Digital TV, Global Cloud Xchange, MORE
- Founders: Anil Ambani, Mukesh Ambani, Dhirubhai Ambani
Pat Hickey resigns from International Olympic Committee Board after ticket-selling scandal
- Ireland’s former Olympic chief Pat Hickey has resigned from the International Olympic Committee’s executive board because of the trap in the ticketing scandal of the last year’s Rio Games.
- “Patrick Hickey has informed the IOC of his resignation as a member of the IOC Executive Board with immediate effect,” an IOC spokesperson said in a statement ahead of its session in Lima this week.
- “In his resignation letter, Mr Hickey emphasised that he wants to protect the IOC and to ensure that the interests of the National Olympic Committees are represented on the Executive Board.
- “He also reiterated his innocence in respect of all charges and confirmed that he hopes to exercise his functions as an IOC member in the future.”
AWARDS & RECOGNITION
Sikkim CM Pawan Chamling honoured at international event for work in organic farming
- Sikkim Chief Minister Pawan Chamling has been given the honor for the pioneering work in the field of organic farming during a ceremony at Germany’s Lagau on the occasion of the One World Festival.
- In his acceptance speech, Chamling said: “Fourteen years ago, when we began the organic campaign in our Himalayan province of Sikkim in India, little did I know that years down the line, people and communities would be driving an organic revolution, in different parts of the globe. Today, I feel immensely honoured to be in your company, and to be in solidarity with you, in striving to make the world a better place through organic agriculture.”
- He said that in 2003 they made a declaration in the Sikkim Legislative Assembly to turn Sikkim into a completely organic state. “After 12 years of consistent work, we were declared the first organic state of the country by the Prime Minister of India on January 18, 2016.”
- “Our initiatives in Sikkim are led by the belief that clean air, water and appropriate climate are fundamental human rights, and ensuring these for the people is not a question of politics; it is a moral obligation. I also realize that governments alone cannot address this universal crisis. People, communities and governments must work together to overcome the dangers of a fast developing world,” he said.
- Chamling said that it is a matter of great pride for the people of Sikkim and the famed International Federation of Organic Agriculture Movement has recognized India that their humble endeavour from a Himalayan state.
- He also thanked the people of Sikkim “for taking on the challenge completely, and working tirelessly towards transforming our state into the first organic state in the world. This recognition is for you!”
- Hindi Divas is the event that is celebrated annually on 14 September in India. In this event there is the celebration of the parties by the government sponsored event in Central government of India offices, firms, schools and other institutions.
- The main aim of this event is to pramote the language and the speaking of the Hindi language. The feasts, events, competitions, have showed the importance of this event and other services held on this day.
- The event also serves as a patriotic reminder to Indian populations of their common roots and unity.