GS-III

It’s 55 months of service vs 55 years, says PM

An aggressive Prime Minister Narendra Modi on Thursday contrasted his 55 months of “seva” (service) with the 55 years of “satta bhog” (hunger for power) displayed by the Congress while replying to the motion of thanks on the President’s address in the Lok Sabha. Highlighting his government’s achievements a couple …

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HC seeks status report on Chinna Thambi

The Madras High Court on Thursday directed the Forest Department to file a status report on Monday listing the behavioural traits of 25-year-old Chinna Thambi, a translocated wild elephant of Thadagam valley near Coimbatore, and the steps taken so far to rehabilitate him. A Division Bench of Justices S. Manikumar …

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Assembly clears Kapu sub-castes, EWS Bills

The Assembly on Thursday passed the Bills for 5% reservation each for the Kapus (Kapus, Telaga, Ontari and Balija sub-castes) and other Economically Weaker Sections (EWS) in the general category on Thursday consequent to the 103rd amendment to the Constitution. The Bills are the A.P. Economically Weaker Sections of Citizens …

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RBI unlikely to transfer contingency fund to govt.

The Reserve Bank of India (RBI) is unlikely to give in to the government’s demand of transferring funds that was set aside for contingency reserves in 2016-17 and 2017-18, according to sources.A total of Rs. 27,330 crore — Rs. 13,140 crore in FY17 and Rs. 14,190 crore in FY18 — …

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Strong export growth boosts Wheels India net

Leading steel wheels manufacturer Wheels India Ltd. has posted an 18.28% rise in net profit for the third quarter ended December 2018 to Rs. 15.27 crore compared to Rs. 12.91 crore registered in the corresponding year-earlier period. Revenues rose 32.77% to Rs. 786 crore, from Rs. 592 crore. “There was …

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Cabinet approves unified regulator for IFSCs

The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC), such as the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This is to be done through the International Financial Services Centres Authority Bill, 2019. An IFSC …

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