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- Pakistan isolation complete, Lanka too pulls out of Saarc summit
- India, Pakistan calm down: China & Russia
- Revised Act will be notified on October 2 - Bihar
- Tamil Nadu to have normal northeast monsoon, says MeT dept
- Delhi 2nd last on happiness meter, residents lead sedentary life: Poll
- Warming to breach 2°C limit by 2050
- Only 17% of households earn wages regularly, reveals survey
- Somesh Sharma elected new INS president
- CNG, PNG bills to shrink as gas price cut by 18%
- GST regime: States stake claim on service tax
Pakistan isolation complete, Lanka too pulls out of Saarc summit
- The Saarc summit scheduled for November in Islamabad formally folded up with Pakistan blaming India for derailing the meeting but failing to mention that Bangladesh, Afghanistan and Bhutan -joined by Sri Lanka on Friday -had pulled out citing concerns over terrorism.The Maldives too issued a statement condemning crossborder terrorism.Pakistan announced the postponement of the summit, with its isolation in the region near complete after Sri Lanka called for decisive action against terrorism and said it would not attend the summit
India, Pakisan calm down: China & Russia
- Islamabad's closest ally China called upon India and Pakistan to exercise restraint following Indian Army's strikes on terror pads across the LoC. Hoping India and Pakistan would address their problems through dialogue, Chinese foreign ministry spokesperson Geng Sheung told reporters in Beijing, “We call on relevant parties to exercise restraint and refrain from actions that would escalate tension.“Russia, whose army is in a first-ever exercise with Pakistan, called on Islamabad to “take effective steps to stop activities of terror groups inside the country“. The Russian statement came a day after India said it acted against terror launch pads in Pakistan. Saying Russia stood for “decisive struggle against terrorism in all its manifestations“, Moscow added to the voices asking India and Pakistan to de-escalate tensions.Russia would normally have been one of the first to stand by India, but its statement appeared to take a more even-handed approach.
Revised Act will be notified on October 2
- Just hours after the Patna high court quashed the Bihar prohibition law on Friday (30.09.2016), causing spirits to rise among tipplers in the state, the Nitish Kumar government announced in the evening it would notify the new Bihar Prohibition and Excise Act, already passed by the state legislature, on Gandhi Jayanti, October 2. Earlier in the day , the high court allowed an appeal by a host of petitioners against the Act that banned the sale and consumption of India-made foreign liquor (IMFL) in the state.
Tamil Nadu to have normal northeast monsoon, says MeT dept
- The northeast monsoon, which brings rains to Tamil Nadu and some other parts of south India from October to December, is expected to be normal this year, the India Meteorological Department said on Friday.The department's operational forecast said the region can expect rains between 90% to 100% of the long period average during the season. Tamil Nadu gets an average of 438.2mm rainfall during the three months. The northeast monsoon also brings some rain to coastal Andhra Pradesh, Rayalaseema, Kerala and south interior Karnataka. IMD had forecast an above-normal northeast monsoon, which proved accurate with Chennai and some other parts getting record rainfall in December 2015.
Delhi 2nd last on happiness meter, residents lead sedentary life: Poll
- Mumbaikars eat unhealthy food and lead a sedentary life but they are a happy lot. A pan-India survey found out that nearly four out of 10 in the city may have high cholesterol levels--one of the biggest risk factors for heart disease. Yet, a mitigating factor could be that it is the happiest place compared with other big cities. The survey carried out ahead of the World Heart Day rated Mumbai, Delhi, Chandigarh, Bangalore and Kolkata using a healthy lifestyle score a cumulative indicator of factors, including eating habits, activity levels and happiness. The city shared the third position with Kolkata scoring 67, which means both can do better in eating healthy and adopting better fitness regimes.
Warming to breach 2°C limit by 2050
- Global average temperature could rise to two degrees Cel sius above the norm -the point at which many scientists believe climate change will become dangerous -as early as 2050, a group of experts has warned. In a report called “The Truth About Climate Change“, they said many people seemed to think of global warming as “abstract, distant and even controversial“. But the planet is now heating up “much faster“ than anticipated, said Professor Sir Robert Watson, a former chair of the Intergovernmental Panel on Climate Change and one of the authors of the report. At the Paris climate summit last year, world leaders agreed to try to limit global warming to 1.5 degrees celsius above pre-industrial levels as possible, amid concerns the 2 degrees celsius target may not be safe enough. But in the same year the level of warming reached 1 degree celsius after a 0.15 degree celsius rise in just three years.
Only 17% of households earn wages regularly, reveals survey
- Joblessness in India is running at a five-year high of 5% of the 15+years workforce. Over a third of the working population is employed for less than a year and 68% of households earn up to only Rs 10,000 a month, a new employment-unemployment survey by the Labour Bureau has revealed. Over 7.8 lakh people in 1.6 lakh households were surveyed between April and December, 2015. Expectedly , urban areas provide more and better-paying jobs compared to rural areas. While 82% of job seekers get year-round jobs in urban areas, just 53% of rural job seekers manage to get such security . About 42% of workers in rural areas work for less than 12 months in a year, a result of dependence on seasonal agriculture work. It shows a continuation of a distressing job situation --and hence economic status that was reflected in earlier surveys like the 68th round of NSSO and the SocioEconomic & Caste Census (SECC) in 2011-12.
Somesh Sharma elected new INS president
- Somesh Sharma of Rashtradoot Saptahik was elected as president of the Indian Newspaper Society (INS) on Friday for 2016-17. He succeeds P V Chandran of Grehalakshmi of Mathrubhumi Group.Akila Urankar of Business Standard was elected as the deputy president of INS at its annual general body meeting. K Balaji of The Hindu Weekly has been elected vice-president while Sharad Saxena of Hindustan Times is the new treasurer. V Shankaran will continue to be the secretary general.
CNG, PNG bills to shrink as gas price cut by 18%
- There's good news for households ahead of the festive season. CNG and PNG bills are set to come down substantially as the periodic revision in the price of gas produced from domestic fields kicked in on Friday to make the fuel cheaper by 18%, or $2.5 per unit from $3.06.The revision, which happens every six months in tune with global benchmarks, is bad news for producers such as state-run ONGC and Oil India Ltd as well as private sector Reliance Industries as the new price could render many of their gas fields unviable.
GST regime: States stake claim on service tax
- State governments on Friday reopened the issue of levying service tax by the Centre under the GST regime, amid agreement on several other issues, including some of the rules and tax exemptions offered in some states and to some industry groups.The decisions of the states to again stake a claim on levying service tax on 11 lakh entities in the under Rs 1.5 crore turnover segment is seen as a setback to the rollout of the landmark tax reform initiative from April as there is no agreement on the compensation formula either. In addition, the proposed GST rate is seen as a major gap that needs to be filled if the April 1 implementation target is to be met.
Source: The Times of India
Courtesy: The Times of India