Monthly Archives: October 2018

Kolkata GPO marks 150 years in service of the city

Museum in heritage structure extended to accommodate more exhibits, including photographs that appeared in journals and periodicals Under the 120-foot-high dome of Kolkata’s General Post Office (GPO), a special postal cover was released on Monday. The event marked 150 years of the GPO. A fresh coat of paint and tiny …

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Gita Gopinath is IMF Chief Economist

International Monetary Fund (IMF) appointed India-born Gita Gopinath as Economic Counsellor and Director of the IMF’s Research Department. Ms. Gopinath will succeed Maurice (Maury) Obstfeld, who announced he would retire at the end of 2018, an official statement said on Monday. Source : https://www.thehindu.com/todays-paper/tp-business/gita-gopinath-is-imf-chief-economist/article25100829.ece

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GST collection rises marginally in Sept.

Collections from the Goods and Services Tax (GST) in September increased marginally to Rs. 94,442 crore from the Rs. 93,690 crore collected in August. “The total gross GST revenue collected in the month of September 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. …

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Manufacturing PMI rises to 52.2 in Sept.

Growth in new orders, gains in output and employment boosts index Manufacturing activity improved in September on the back of stronger gains in new orders, output, and employment, according to a private sector survey. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in September from 51.7 in …

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Car sales slide on rising fuel prices

Market leader Maruti Suzuki reports 1.4% fall while Hyundai Motor India’s local sales slip 4.5% in Sept. Domestic passenger car sales by major players declined in September, 2018 as compared with the same period last year on account of rising fuel and product prices. Market leader Maruti Suzuki witnessed 1.4% …

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Further defaults will not take place: Govt.

‘Fully committed to ensure needed liquidity is arranged’ The government on Monday made clear its commitment to ensuring that the ailing Infrastructure Leasing & Financial Services (IL&FS) receives the liquidity it needs from the financial system, and that no further defaults take place, terming the company a large Systemically Important …

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Quake-hit Indonesia seeks foreign aid

Indonesia’s President formally invited foreign donors to contribute to rescue and recovery efforts on the quake-and-tsunami-struck-island of Sulawesi on Monday, but his government was at pains to stress the situation was under control. “The President has decided to accept aid from abroad,” said Army General-turned-Minister Wiranto. Giving a less than …

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Plea to stop deportation of Rohingya

A petition has been moved in the Supreme Court to restrain the government from taking steps to deport Rohingya refugees lodged in jails or detention centres in Assam or other parts of the country. The plea has been made by Mohammed Salimullah, the lead petitioner in a PIL plea against …

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Universal protest for old-age pension

From his petty shop opposite the Jeevan Deep building on Parliament Street, Lal Poddar has had a ringside view of thousands of dharnas organised at Delhi’s premier protest venue. Monday’s rally by the Pension Parishad and HelpAge India, however, had a personal significance for him. “They are demanding a pension …

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Rajasthan HC upholds verdict under adultery law

Shortly before the Supreme Court struck down as unconstitutional Section 497 of the Indian Penal Code, which defined adultery as a punishable offence, the Rajasthan High Court upheld a man’s conviction under the law. Last conviction This was probably the last conviction under the legal provision described by the apex …

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