CABINET CLEARS AIR INDIA DISINVESTMENT:
The Union cabinet today cleared disinvestment of debt-laden Air India but the final modalities, including the quantum of stake sale, will be decided by a group of ministers.
Union Finance Minister Arun Jaitley said the cabinet has given ‘in-principle’ approval for disinvestment of Air India.A group will be set up to finalise modalities/details of disinvestment of Air India, including the quantum of stake sale, he said.
The airline has a debt of more than 52,000 crore rupes and is surviving on a 30,000 crore rupees bailout package extended by the previous UPA government in 2012.
The airline has a debt of more than 52,000 crore rupes and is surviving on a 30,000 crore rupees bailout package extended by the previous UPA government in 2012.
Surviving on taxpayers’ money, Air India has been in the red for long and various proposals, including government think tank Niti Aayog’s suggestion for complete privatisation, have been made.
The civil aviation ministry is charting out the disinvestment of the state-run carrier.
EK HASEENA THI EK DEEWANA THA: AN INCOMPARABLE AND FRESH ROMANTIC THRILLER
The film Ek Haseena Thi Ek Deewana Tha, directed and produced by Suneel Darshan features Shiv Darshan, Upen Patel and introduces the gorgeous Natasha Fernandez in lead roles. The music is composed by Nadeem Saifi. The principle actor Shiv Darshan on being asked about the film said, “The speciality of the film is that it is a wholesome entertainment package which has got passion, pain, suffering, drama, romance and the soulful music which plays like a USP and will make a place in your hearts.”
The beautiful Natasha Fernandez on being questioned on her debut said that, “It changed my life when I was discovered by my mentor Suneel sir. I feel fairy-tails exist and dreams do come true because this films came to me by fate and destiny and I was blessed enough to catch sir’s eye. It was a challenging role but my creator painted me best like a blank canvas.”
The media got quite stunned when everyone got to witness a Skype interaction, that too the first time ever. In it Nadeen Saifi himself interacted with media through Skype and added on to the information. On music improvisation Nadeem said, “We wanted to keep our Hindustani culture alive so we have blended Indian with western and build up the composition. I think the only need is a good launch, moreover, the new emerging trend of music in the market will not affect much as good music will always attract and survive.” On being asked about his return to India he said, “The charges that were put on me were wrong and I also won the case. I really want to return to India as it is in my heart. But they should call me back with respect, I am a pure Indian and I love India.”
The movie have a love triangle, but with many more layers to it and comes somewhere from the world of classic English movies. Suneel Darshan commented on the uniqueness of the movie and said, “No doubt this is a romantic film but it is timeless and cannot be compared to any era.” On censorship the director said, “The board has upgraded and watch today’s cinema as it is, they have been extremely supportive with our film and I didn’t feel any rigidity in their suggestions that they gave.”
‘Ek Haseena Thi Ek Deewana Tha’, presented by Shree Krishna International, is all set to release on June 30.
—
Shailesh Giri
INDIA SECOND IN JUNIOR SHOOTING WORLD CHAMPIONSHIP
Indian shooting squad has finished a creditable second at the ISSF Junior World Championship with three gold, two silver and three bronze medals in Suhl, Germany.
India picked up a gold and silver in the team and individual sections of the 25m pistol junior men’s event. India also won team bronze in the 25m pistol junior women’s event to shore up their tally on the fourth and final day of competitions yesterday.
Anish Bhanwala won three medals, one of each colour.
On day one, Anish had claimed gold in the 25m standard pistol men’s event. Yesterday, he win another gold teaming with Anhad Jawanda and Shivam Shukla for the 25m pistol event.
China topped the tally in the rifle/pistol tournament with 19 medals, including eight gold.
RBI AMENDS BANKING OMBUDSMAN SCHEME
The central bank has extended the scope of Banking Ombudsman Scheme. The Reserve bank said that under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/ electronic banking services in India. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to 20 lakh rupees.
AIR correspondent reports that the Reserve Bank yesterday extended the scope of Banking Ombudsman Scheme under which banks could be penalised for mis-selling third-party products like insurance and mutual funds via mobile or electronic banking. Banking Ombudsman is a quasi judicial authority functioning under the Banking Ombudsman Scheme, 2006. The authority was created to enable resolution of complaints of customers of banks relating to services rendered by the lenders.
AIR correspondent reports that the Reserve Bank yesterday extended the scope of Banking Ombudsman Scheme under which banks could be penalised for mis-selling third-party products like insurance and mutual funds via mobile or electronic banking. Banking Ombudsman is a quasi judicial authority functioning under the Banking Ombudsman Scheme, 2006. The authority was created to enable resolution of complaints of customers of banks relating to services rendered by the lenders.
The gross fiscal deficits of all the states skyrocketed to 4,93,360 crore Rupee in the last fiscal from the 18,790 crore rupee in the financial year 1991, according to the latest RBI data. Most populous state Uttar Pradesh and the largest Rajasthan lead the list of states with highest deficit.
According to the second edition of RBI’s statistical publication titled ‘Handbook of Statistics on States 2016-17’, released on Saturday, the gap is projected to improve in the current fiscal. It is estimated to be 4,49,520 crore rupee as per the budget estimates of the states for financial year 2017.
The publication follows the ‘one-indicator-one table’ approach and covers all sub-national statistics on socio- demographics, state domestic product, agriculture, industry, infrastructure, banking and fiscal indicators across the states over a period ranging from 1950-51 to 2016-17.
It also offers data on state-wise availability of power, per capita availability of power, installed capacity of power, and power requirement, length of national highways, roads and state highways, and railheads.
According to the second edition of RBI’s statistical publication titled ‘Handbook of Statistics on States 2016-17’, released on Saturday, the gap is projected to improve in the current fiscal. It is estimated to be 4,49,520 crore rupee as per the budget estimates of the states for financial year 2017.
The publication follows the ‘one-indicator-one table’ approach and covers all sub-national statistics on socio- demographics, state domestic product, agriculture, industry, infrastructure, banking and fiscal indicators across the states over a period ranging from 1950-51 to 2016-17.
It also offers data on state-wise availability of power, per capita availability of power, installed capacity of power, and power requirement, length of national highways, roads and state highways, and railheads.
According to the data released by RBI, banks’ credit growth grew at 6.02 per cent to Rs 76,58,212 crore in the fortnight ended June 9 from Rs 72,22,939 crore in the same period of fiscal 2016.
The data showed that the growth in advances in the reporting period was slightly higher than the previous fortnight ended May 26, 2017. In the fortnight ended May 26, advances had grown by 5.08 per cent with an outstanding loans at Rs 75,93,546 crore.
In the fiscal ended March 31, 2017, credit growth had plunged to a multi-year low of 5.08 per cent with an outstanding loan at Rs 78.81 trillion as against Rs 75.01 trillion on April 1, 2016. In the reporting fortnight, bank deposits grew at 11.19 per cent to Rs 105,77,947 crore from Rs 95,13,148 crore in the fortnight ended June 10, 2016.
MODI RETURNS DELHI AFTER THREE NATIONS VISIT
Prime Minister Narendra Modi returned home a short while ago from Amsterdam after a four day three nation visit to Portugal, United States and The Netherlands. During his visit, India signed eleven MoUs for cooperation with Portugal and three with the Netherlands.
In USA, Mr Modi and President Donald Trump comprehensively reviewed bilateral relations and laid down the future road map.
Our correspondent covering the visit of the Prime Minister reported that the Prime Minister’s visit focused primarily on four broad areas: one, furthering India’s strategic interests, two- projection of India as a country with fast track reforms coupled with high economic growth making it a strong opportunity for investment; third- seek collaborations in areas like skill development, knowledge based society and frontier areas of science and technology and four- reviving bonds with Indian Diaspora and seek their contribution for the development of India of their dreams.
The first ever Modi Trump meeting reaffirmed close Indo-US relations with President Trump reiterating himself a true friend of India. India not only received full support in its fight on terrorism from the three countries but the US went a step further by calling Pakistan to put an end to terror.
The visits saw increasing convergence of views between India and the three countries on major international issues.
MIKE PENCE:US TO HELP INDIAN ARMED FORCES SA
US Vice President Mike Pence has said that his country will help the Indian armed forces to obtain the resources and technology it needs to support security in South Asia.
He said the process to approve the sale was underway and expressed hope that it would accurately reflect commitment to mutual security among both nations.
In a key note address to members of the US India Council in Washington yesterday, Pence said, the US and India can deepen their ties in many industries and areas.
He urged India to enact the necessary economic reforms to ensure fair and reciprocal bilateral trade. He also said India and the US, are strong partners in fight against terrorism.
He said, the United States and India already collaborate to a significant extent. But in the face of terror networks that are ever-more sophisticated, ever-more dispersed. He said, both countries will continue to take renewed action to facilitate two-way information and intelligence sharing to confront this threat.
NO WINNER IN MONGOLIA’S PRESIDENTIAL ELECTION
There was no outright winner in Mongolia’s presidential election on Monday, forcing the country’s first ever second-round run-off between the two leading candidates, the country’s General Election Committee said on Tuesday. The populist former martial arts star Khaltmaa Battulga of the opposition Democratic Party won the most votes, but failed to secure the majority required, the committee said. He will face ruling Mongolian People’s Party (MPP) candidate Miyeegombo Enkhbold, who came second, in a run-off on July 9, the committee’s chairman Choinzon Tsodnomtseren confirmed at a briefing on Tuesday morning.
TRUMP NOMINATE FBI DIRECTOR CHRISTOPHER WRAY
President Donald Trump officially nominated Christopher Wray as the new head of the FBI on Monday. Trump first announced his intention to nominate Wray three weeks ago, describing him in a tweet as “a man of impeccable credentials.” Wray formerly served as assistant attorney-general in charge of the Criminal Division at the Justice Department under former President George W Bush. During his tenure, Wray oversaw several major corporate fraud investigations, including the federal prosecutions of executives involved in the Enron scandal. Wray’s nomination must now be confirmed by the Senate. If he is confirmed, Wray will take over for Andrew McCabe, who has been the bureau’s acting director since Trump fired James Comey on May 9. In a statement released by the Justice Department, Wray said he was “honored and humbled” to be nominated.
NETHERLANDS BACKS INDIA’S BID FOR NSG ENTRY AND A PERMANENT UNSC SEAT
The Netherlands has backed India’s early entry into the Nuclear Suppliers Group, NSG, and other multilateral export control regimes.
In a joint communique issued after the meeting between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte in Hague the Netherlands also supported the country’s bid for a permanent UN Security Council seat.
Both leaders agreed that the NSG, Wassenaar Arrangement and Australia Group would benefit from India’s membership. Prime Minister Modi thanked the Netherlands for its role in India’s accession to the Missile Technology Control Regime in June 2016.
India and the Netherlands also strongly condemned the use of double standards in addressing the menace of terrorism, saying there can be no justification for acts of terror on any grounds.
They expressed concern about the serious and grave threat posed by the spread of terrorism and violent extremism to both the countries and the world. Both leaders reaffirmed their commitment to combat terrorism and prevent radicalisation that could lead to violent extremism.
Mr Modi also discussed the role of the Netherlands as ‘Gateway to Europe’ for India as 20 per cent of its exports to Europe enters through the Dutch country. Both leaders expressed hope for an early resumption of negotiations leading to the conclusion of the Broad-based Trade and Investment Agreement between India and the EU.
Prime Minister Modi invited the Netherlands to join the International Solar Alliance. Prime Minister Rutte appreciated the lead taken by India to galvanise global action on Climate Change through the its initiatives. Both leaders reaffirmed their countries’ commitment towards Paris climate deal.
Earlier yesterday, Prime Minister Modi described the Netherlands as India’s “natural partner” in its economic development and said the bilateral ties with the country’s major trading partner will grow rapidly.
India and Netherlands also signed three MOUs on water management, cultural cooperation and on amending social security arrangement. The MOUs were signed in the presence of both leaders.
Expressing that his Netherlands tour comes at a time when the two countries are celebrating 70 years of diplomatic relations, Mr Modi said the two countries have centuries old relations & are together progressing ahead steadily.
Stressing that today world is interdependent & interconnected, he said, India & Netherlands have convergence of views on the global issues.
Yesterday, Mr Modi also interacted with the CEOs of Dutch companies inviting them to utilize the vast opportunities provided by his ‘Make in India’ initiative.
Prime minister Narendra Modi has said that everything the country have must be world class as the India of the 21st century cannot stay behind when it comes to technology and infrastructure.
Addressing Indian diaspora at a stadium in South Holland’S capital the Hague, Prime minister stressed on larger community participation in development. Mr Modi said, India will have to be modernised at a greater speed.
Addressing the diaspora the Prime Minister announced that five years business visa will soon be granted to the dutch nationals.
Mr. Modi appealed all Indian origin people in Netherlands to apply for their Overseas Citizens of India, OCI, cards at earliest.
Mr Modi praised the Sarnami Indians for maintaining Indianness despite being outside India for around 150 years. He said, despite migrating as labourers to American country of Surinam & then to Netherlands, the Sarnami community has maintained Indian language, culture and traditions.
Emphasizing that relations of blood do not change with change in colour of passport, he said, Indian diaspora across world has feeling of an obligation towards India.
The prime minister Citing the contribution of India’s women across all fields, the prime minister said his government aims at the women-led development.
He said, his government’s thrust has been on jan bhagidari (people’s involvement) in governance as he believed that the country’s progress cannot be ensured only through the government’s work.
He mentioned about various initiatives taken by his government in the sectors like banking, energy and digitalisation and talked about progress being made in areas like space, healthcare and sanitation.
Later, The Prime Minister left for home after concluding his three-nation tour of Portugal, the United States and the Netherlands.
NMML PUBLIC LECTURE_’GENDER DHARMA IN COUNTER
MEGA CAMP TO FACILITATE DIVYANGJANS
PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA
AHMEDABAD
PRESS ADVISORY
Union Minister for Social Justice & Empowerment Shri Thaawarchand Gehlot will visit Rajkot. He will attend Mega Camp to facilitate Divyangjans with Prime Minister Shri Narednra Modi on 29th June, 2017 (Thursday) at Rajkot.
The Details are as under :
Date : 29st June, 2017 Thursday
Time : 4.20 P.M.
Venue : Race Course Ground,
Rajkot, Gujarat.
You are cordially invited to cover the event. Kindly make it convenient to send your reporter / correspondent / photographer / cameraperson for the same.
—
Press Information Bureau,
Government of India,
Ahmedabad.
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THREE JOURNALISTS ARRESTED BY THE BURMESE ARMY
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CULTURAL EVENTS JULY 2017
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