NIA Conducts Raids in Jammu & Kashmir, Delhi
- The National Investigation Agency (NIA) on Wednesday has been taken the investigation on the 16 locations in Kashmir and Delhi at the place of the trademan who were in the case of the hawala operations and using the money for funding terror and separatist activities, it is said by the officials.
- “Sleuths of the National Investigation Agency swooped down on traders at various parts of Srinagar and North Kashmir this morning and carried out extensive search operations at suspected locations,” officials said.
- This raid of the investigation has been taken after the NIA arrested two people, in there there was the freelance photo-journalist, who allegedly indulged in stone pelting and mobilised support against security personnel through social media.
- In this all the raids has taken by the NIA is part of its investigation in a case registered on May 30 in which the leader of the Pakistan-based Jamaat-ud-Dawa and banned terrorist outfit Lashkar-e-Taiba, Hafiz Saeed, was named as an accused.
- National Investigation Agency is a central agency established by the Indian Government to combat terror in India
- It acts as the Central Counter Terrorism Law Enforcement Agency
- Founder: P. Chidambaram
- Founded: 2009
- Annual budget: 16 million USD
- Number of employees: 649
- Parent agency: Ministry of Home Affairs
- Headquarters: New Delhi, India
Supreme Court steps in to check cow vigilantism, directs states to appoint nodal officers
- The Supreme Court on Wednesday has shown the new appoints at the all the state for the senior police officer for each district to work and the serve himself as the main officer to ensure that cow vigilantism groups do not take law into their own hands.
- Senior advocate Indira Jaisingh, appearing for one of the petitioners, said, “The statement by the Centre in July saying that it is a state subject is not sufficient. They cannot wash their hands off the national issue and say that it is a law and order problem,”
- Three appointees are Martin Macwan, a Dalit rights activist, Mohanbhai Hamir Bhai Bedva, an alleged victim of such violence, and Tehseen Poonawalla, an activist associated with the Congress who has moved at the apex court in last year.
- The Centre on 21 July told the Supreme Court that there is the most divilegious work is the violence on the cow. “Government does not support any kind of vigilantism in this manner,” Ranjit Kumar, solicitor general, appearing for the Centre, had told the court.
President Ram Nath Kovind lays foundation stone for Link-4 of SAUNI Scheme
- President Ram Nath Kovind, who has comes at the Ahmedabad on Sunday for the visit of the two day in the Gujarat, he will lead the foundtion state of the second phase of link-IV pipeline canal of Saurashtra Narmada Avtaran Irrigation (SAUNI) Yojana at Ghela Somnath in Rajkot district on Monday.
- “Just three months ago, the CM inaugurated the first phase of this link. Now, they are organising a huge ceremony for laying the foundation stone for the second phase of the same link. This is like holding multiple ceremonies to lay foundation stones at different junctions for a road project. The government is misusing state machinery to gain political milage out of the SAUNI project ahead of the elections,” said Kunvarji Bavaliya, working president of the Gujarat Pradesh Congress Committee.
- “Tenders had been floated for the second phase of link-IV when its first phase was inaugurated in June. Now, the tenders have been finalised and work orders have been issued for three out of four packages in the second phase,” a source said.
- Gujarat BJP spokesman Bharat Pandya said, “Different events are organised at different locations so that people of different areas get details of the project. These have nothing to with election. The fact that the President is coming and the BJP governments have done that majority of work on the Narmada dam project is an eyesore for Congress. Their criticism shows their mentality against providing water in water-starved areas,”
- Gujarat, India’s westernmost state, has varied terrain and numerous sacred sites
- In its urban center of Ahmedabad is the Calico Museum of Textiles, displaying antique and modern Indian fabrics
- Spiritual leader Mahatma Gandhi’s base from 1917–1930 was Sabarmati Ashram, where his living quarters remain on view
- The Jama Masjid (Friday Mosque), built in the 15th century, has a huge courtyard and a columned design
- Capital: Gandhinagar
- Districts: 33
- Colleges and Universities: Gujarat Technological University
First batch of 1000 E-rickshaws flagged off in Gurugram
- In the first batch of the flat of the 1,000 E-rickshaws has been launched by the Nitin Gadkari, Minister for Road Transport and Highways from Huda City Centre metro station in Gurugram on Monday, said a government release.
- At the event of the launch, Gadkari said that the E-rickshaw that has produce by the minister that will not put the cost effective and pollution free substitute to the transport system of Gurugram, but they will create the great apportunity in the field of the employment opportunities for marginalised youth. He further said that public transport on electricity is the necessity of the country and his ministry is committed to providing it soon.
- The E-rickshaw event that has launched by the minister has been lead by the Treasure Vase Ventures Private Limited in partnership with Delhi Metro, under the SmartE brand name. The E-rickshaw will provide the last mile transport connectivity in the area.
- The E-rickshaws has been developed and installed in the India and are fitted with GPS and tracking system. SmartE has established strategic partnerships with the Haryana government (HSIIDC) and Delhi Metro Rail Corporation to launch 1,000 vehicles in Gurugram and Faridabad in 2017.
- The Ministry of Road Transport and Highways, a ministry of the Government of India, is the apex body for formulation and administration of the rules, regulations and laws relating to road transport
- Website: morth.nic.in
- Formed: July 1942
- Jurisdiction: India
- Headquarters: Parivahan Bhavan, 1, Parliament Street, New Delhi
- Cabinet minister: Nitin Gadkari
- Minister of state: Pon Radhakrishnan, Mansukh L. Mandaviya
9th BRICS summit @ Xiamen, China
- Prime Minister Narendra Modi on Monday has been created the strong partnership in the member of the Brics nations to for the promotion of the economic growth, saying that the bloc of emerging countries has contributed to the stability in a world “drifting towards uncertainty”.
- In the term of the main session of the Brics Summit in China’s Xiamen city, Modi said trade and economy were the foundations of the cooperation among Brics -Brazil-Russia- India-China-South Africa. Modi also gave some of the tips that will help in the growth. PM Modi also thanked President Xi again for his warm reception and the excellent organisation of this Summit.
- Focusing on the theme of ‘Stronger Partnership for a Brighter Future’, leaders at the BRICS Summit 2017, currently on in Xiamen, China, have issued a joint statement outlining the agendas for this year as well as points the nations agreed to work upon.
- All of the event that has held that include the terrorism, enhancing trade, developing ocean and tourism cooperation, etc. For the first time, terrorist organisation such as Jaish were mentioned.
India, Japan to step up defence cooperation
- India and Japan has been increase their step for the ties of the defence, including a high tech Malabar naval exercise in the Indian Ocean next year, there are the both of the countries has decided to the defence minister Arun Jaitely’s visit to Japan this week.
- “The Ministers expressed satisfaction at the success of Japan-India-US Trilateral Maritime Exercise MALABAR 2017 in July 2017 and confirmed their intention to further deepen and advance the objectives of this Exercise. Minister Onodera expressed his intention to have state-of-the-art Japanese assets including P-1 to participate in the MALABAR 2018. Minister Jaitley welcomed this proposal,” the defence ministry said.
- “The Ministers exchanged views on the current security situation in the Indo-Pacific region. They condemned in the strongest terms North Korea’s nuclear test of 03 September, which is in violation of its international obligations and commitments, including under relevant UNSC resolutions and called upon DPRK to cease such action which adversely impacts peace and stability of the region and beyond,” the ministry said.
- A senior executive of a private sector Indian defence firm, who declined to be named, said, “The messaging is important also with an increasingly belligerent China, so even though there was a shuffle in cabinet portfolios the visit was not rescheduled,”
- The Ministry of Defence is charged with co-ordinating and supervising all agencies and functions of the government relating directly to national security and the Indian armed forces
- Formed: 1776
- Jurisdiction: India
- Headquarters: South Block, Cabinet Secretariat, Raisina Hill, New Delhi, 110 011
- Cabinet minister: Arun Jaitley
- Minister of state: Subhash Bhamre
- Departments: Department of Ex-Servicemen Welfare,
Nepal Parliament endorses laws barring criminals, corrupt from contesting polls
- Nepal’s Parliament has been decide the one of the new law that is for the coming elections to the federal and provincial council which bars people involved in corruption and criminal offences to stand as candidates.
- “The provisions included in this bill are also mentioned in previously passed bills by this Parliament. The concerns over the threshold and other provisions do not tend to bar the political parties but to manage and help the functioning of Parliament and improve the participation and representation,” Home affairs minister Janardan Sharma said.
- The recent of the passed bills that has been comes that is the bars a person, accused of corruption, rape, extortion, human trafficking, drug trafficking, and property purification, misusing passport, kidnapping or moral turpitude or any other kind of criminal offence, from contesting election.
- There are no any candidates, who faced punishment over aforementioned offences and one spent more than 20 years of imprisonment over various issues, are said to be illegible to stand as candidate in the election.
BANKING & FINANCE
China bans raising funds through cryptocurrencies
- China has put the ban on the launch of the fund that is comes in the raise of the digital currencies. In this, there are the some of the coin offerings (ICO) in a market that has exploded since the start of the year.
- “The large price falls can be attributed to panic amongst traders and profit-taking,” said Cryptocompare founder Charles Hayter.
- “Regulators globally are struggling to understand what ICOs are, what the risks are, and how to ring-fence and regulate them,” he said.
- “China, in many ways, is no different than the U.S. or Singapore in saying, ok, we need to push back on these for now until we figure out how to deal with them…I think it will be slightly a temporary measure.”
- Oliver Bussman, who was the back chief innovation officer at UBS and now president of the Switzerland-based “Crypto Valley Association” that promotes blockchain-based technology, said Chinese authorities had to be especially vigilant about protecting consumers because of the lack of financial advice in the country, compared with Europe or North America.
- China is a populous nation in East Asia whose vast landscape encompasses grassland, desert, mountains, lakes, rivers and more than 14,000km of coastline
- Capital Beijing mixes modern architecture with historic sites such as the Forbidden City palace complex and Tiananmen Square
- Shanghai is a skyscraper-studded global financial center
- The iconic Great Wall of China runs east-west across the country’s north
- Capital: Beijing
- Currency: Renminbi
- Official script: Simplified Chinese
- President: Xi Jinping
- Recognised regional languages: Mongolian; Tibetan; Uyghur; Zhuang; various others
RBI lists HDFC Bank as D-SIB or ‘too big to fail’
- The Reserve Bank of India (RBI) on Monday has told about the private lender HDFC Bank to its list of “domestic systemically important banks” (D-SIBs) considered too big to fail.
- “In addition to the SBI (State Bank of India) and ICICI Bank, which continue to be identified as Domestic Systemically Important Banks (D-SIBs), the Reserve Bank of India has also identified HDFC Bank as a D-SIB, under the same bucketing structure as last year,” an RBI release said here.
- “The additional Common Equity Tier 1 (CET1) requirement for D-SIBs will become fully effective from April 1, 2019. The additional CET1 or core capital requirement will be in addition to the capital conservation buffer,” the statement said. “D-SIB surcharge for HDFC Bank will be applicable from April 1, 2018,” it added.
- “For D-SIBs, while there are additional capital requirements, there is advantage in the form of lower borrowing costs. This is because the overall perception of the bank should improve on account of the regulatory tag of being a systemically important bank, creating an expectation of government support in times of financial distress,” said Udit Kariwala, senior analyst at India Ratings.
- HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra
- It has 84,325 employees and has a presence in Bahrain, Hong Kong and Dubai
- HDFC Bank is India’s largest private sector lender by assets
- CEO: Aditya Puri (Sep 1994–)
- Headquarters: Mumbai
- Founded: August 1994, India
- Revenue: 743.7 billion INR (US$11 billion, 2016)
- Number of employees: 84,325 (March 2017)
- Subsidiaries: HDFC securities, Next Gen Publishing,
CBDT signs 4 more Advance Pricing Agreements
- The Central Board of Direct Taxes (CBDT) has put itself in the term of the Advance Pricing Agreements (APAs), that in the some of the sectors like telecom, banking, manufacturing and education, during August, an official statement said on Monday.
- “Out of these four agreements, three are unilateral and one is a bilateral. The bilateral APA is for international transactions between an Indian company and a UK-based company. This is the 8th bilateral APA with the United Kingdom and 13th overall. The other five bilateral APAs are with Japan,” said a Finance Ministry a statement.
- “The international transactions covered in these four agreements include payment of royalty, provision of IT-enabled services, provision of software development services, provision of manpower services, import of raw materials, export of finished goods and provision of engineering design services,” said the statement.
- “The progress of the APA scheme strengthens the government’s resolve of fostering a non-adversarial tax regime. The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner,” the statement noted.
- The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department
- Formed: 29 October 1946
- Jurisdiction: Government of India
- Headquarters: North Block, Cabinet Secretariat, Raisina Hill, New Delhi – 110 001
- Cabinet minister: Arun Jaitley
- Minister of state: Santosh Gangwar, Arjun Ram Meghwal
- Programs: Pradhan Mantri Jan Dhan Yojana,
Science and Technology
As Hurricane Irma looms, X-37B poised for first flight atop SpaceX Falcon 9
- In the term of the launching, the SpaceX is preparing to fly its 13th Falcon 9 rocket in the 2017. In the term of the boost of the fly, U.S. Air Force’s two reusable robotic X-37B spaceplanes. Besides this there are the fifth Orbital Test Vehicle (OTV-5) mission might be facing a delay brought about by the powerful.
- “The many firsts on this mission make the upcoming [orbital test vehicle] launch a milestone for the program,” said Randy Walden, the director of the Air Force Rapid Capabilities Office, before the weekend. “It is our goal to continue advancing the X-37B [orbital test vehicle] so it can more fully support the growing space community.”
- As ever, the Department of Defense isn’t saying what the shuttle’s payload is other than that it’s carrying “small satellite ride shares and will demonstrate greater opportunities for rapid space access and on-orbit testing of emerging space technologies.”
- Before this Hurricane Andrew in 1992, all new buildings at the location have been built to withstand wind speeds of up to 130mph. However, Irma is, right now, producing winds in excess of 180mph and may pick up more strength before it hits the coast.
- Space Exploration Technologies Corporation, better known as SpaceX, is an American aerospace manufacturer and space transport services company headquartered in Hawthorne, California
- Founder: Elon Musk
- Founded: 2002
- CEO: Elon Musk (2002–)
- Headquarters: Hawthorne, California, United States
- Number of employees: 6,000
- Type of business: Privately held company
Amritpal Singh becomes first Indian to sign up for Australia’s National Basketball League
- Former Indian basketball team captain and country’s most talented centre Amritpal Singh has been going for the Sydney Kings’ rim in Australia’s National Basketball League (NBL).
- On Wednesday, the Sydney Kings as a back-up center signed the 7-foot center, and Amritpal is all but “excited” with the opportunity he got in his third attempt. “The Australian league is a very tough competition and I am more excited than happy with this opportunity that I was able to grab it in my third attempt,” Amritpal told TOI in an exclusive chat from Sydney.
- “We welcome Amritpal to our organisation. We take our responsibility as a member of the global basketball community very seriously and endorse the NBL’s focus on ‘bridge-building’ with those that share an interest and passion for our great game both in India and within the Indian community here in Australia,” he said in a statement.
- Groningen added, “We are excited at what Amritpal can contribute to the Kings as a strong, rebounding big man and we look forward to contributing to his rising career. He is young in the game but secured this opportunity through hard work and professionalism.”
- Having played in Japan’s B-League last year and on his maiden opportunity with a six-month contract with the Kings, Amrit said, “In Japan, I learnt a lot and this is a very good opportunity to prove myself. I will give my best here so that I can get more and more opportunities to fulfill my dream of playing in the world’s best basketball league in the NBA one day.”
AWARDS & RECOGNITION
CBDT gets govt-honour for resolving public grievances
- The Central Board of Direct Taxes (CBDT) has been honored by the Minister of State for Personnel Jitendra Singh for successfully resolving public grievances.
- The CBDT is the highest for the creation of the Income Tax department. Five departments including the CBDT have been awarded under three categories of organisations, divided based on volume of grievances received and disposed by them.
- The Department of Administrative Reforms and Public Grievances and Ministry of Development of North Eastern Region has been given the award in the field of the ministries or departments receiving upto 300 grievances in a quarter.
- The Ministry of Micro, Small and Medium Enterprises, and Panchayati Raj ministry have been honored in the category of organisations receiving more than 300 and upto 2,000 complaints in three-month time.
Arunachal Pradesh Health Minister Jomde Kena passes away
- Arunachal Pradesh health and family welfare minister Jomde Kena has died in the age of 52 years at a private hospital in Guwahati after prolonged illness, family sources said on Tuesday.
- In a message, he said, “In his demise, our state has lost a seasoned politician and I have lost an elder brother who was more than a friend.”
- “On behalf of the people, I convey my deep condolences to the members of his family, friends and well-wishers. I pray for his soul to rest in eternal peace,” he added.
- Arunachal Pradesh is one of the 29 states of India and holds the distinction of being the Northeastern-most state of the country
- Districts: 20
- Population: 1.255 million (2012)
- Official bird: Great hornbill
- Official animal: Gayal
- Capitals: Guwahati (Judiciary), Itanagar
7th September 1933: Ela Bhatt Founder of Self-Employed Women’s Association of India is born
- On 7th September in the year 1933, Ela Bhatt, lawyer, activist and founder of Self-Employed Women’s Association of India (SEWA) has been born in the Ahmedabad. The father of Bhatt was the great lawyer and her mother was a women’s rights activist.
- Ela Bhatt, the founder of SEWA has received many prestigious awards and honours such as the Ramon Magsaysay Award (1977), Right Livelihood Award (1984), the Padma Shri (1985), Padma Bhushan (1986), Doctorate Degree in Humane Letters from Harvard University (2001) and the Indira Gandhi Prize for Peace, Disarmament and Development in 2013 by President Pranab Mukherjee for her lifetime commitment to women’s empowerment through her grassroots level work.