Yearly Archives: 2019

FinMin expects no flight of FPIs on higher tax

Companies won’t be hit, she says The increase in tax on high net worth individuals, announced in the Union Budget, will not result in an outflow of Foreign Portfolio Investments (FPIs), Finance Minister Nirmala Sitharaman informed the Lok Sabha on Thursday. The higher tax will only apply to individuals and …

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Release Jadhav forthwith, India tells Pakistan

‘We’ll continue efforts to free him’ A day after the International Court of Justice (ICJ) asked Pakistan to review the death penalty given to former naval officer Kulbhushan Jadhav, India called upon Pakistan to release him forthwith. External Affairs Minister S. Jaishankar, making a statement in both Houses of Parliament, …

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SC to hear Ayodhya title dispute cases from Aug. 2

Mediation panel told to submit report by August 1 A Constitution Bench of the Supreme Court, led by Chief Justice of India Ranjan Gogoi, on Thursday fixed the Ayodhya title dispute cases for hearing from August 2. It asked the Registry to keep the case records ready and the mediation …

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Karnataka CM asked to prove majority by 1.30 p.m. today

Govt.’s fall appears imminent as Governor sets deadline; rebels to skip session In a shock to the Congress-Janata Dal (Secular) government in Karnataka, Governor Vajubhai Vala has directed Chief Minister H.D. Kumaraswamy to prove his majority by 1.30 p.m. on the floor of the Assembly on Friday.With the rebel MLAs …

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Apollo 11 racing to the moon

Apollo-11 was well on target for the moon to-day [July 17] after its three-man crew had successfully fired its main rocket for three seconds – the first flight path correction of the historic mission. The spacecraft’s speed was increased by 25 KPH (21 feet per second), an essential correction if …

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Balance and tilt

SC order on rebel MLAs hands over the floor advantage to the Karnataka Opposition The Supreme Court’s interim order stating that the 15 dissident Karnataka legislators cannot be compelled to attend the House, means they are not bound by any whip relating to the trust vote moved by Chief Minister …

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Sword against pen

India needs a free and independentmedia for its own well-being Journalists are facing heightened threats around the globe, according to the 2019 World Press Freedom Index compiled by Reporters Without Borders (RSF), covering 180 countries and territories. It notes that the number of countries regarded as safe for journalists is …

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The benefits of blockchain

India could take a leaf out of Europe’s book insteadof calling for a blanket ban on cyptocurrencies The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019 has proposed stringent penalties, including 10 years of imprisonment, for holding, selling or dealing in cryptocurrencies such as Bitcoin. Given the …

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The price of a good cuppa

The lives of tea-estate workers in West Bengal have worsened in many aspects over the years The tea plantation sector continues to play a significant role in the economy of north Bengal. There are 276 organised tea estates spread over the three tea-growing regions of West Bengal: Darjeeling Hills, Terai …

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