INDIAN GOVERNMENT
Indian government gets Rs 5,091 crore dividend from IOC
The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday.
Govt gets Rs 5,091 crore dividend from IOC
The government has received a dividend of around Rs 5,091 crore from Indian Oil Corporation, as per the Department of Investment and Public Asset Management. So far, Rs 10,604.74 crore in dividends have been collected from CPSEs for the 2024-25 fiscal year. LIC also contributed a dividend of Rs 3,662.17 crore for FY2023-24.
Indian government gets Rs 3,662 crore as dividend from LIC
Life Insurance Corporation of India (LIC) has paid the Indian government a dividend of Rs 3,662.17 crore, its largest shareholder. This payment follows a final dividend declaration of Rs 6 per share for FY 2023-24, totaling Rs 6,103.62 crore for the year.
PM Modi speaks to Gujarat CM Bhupendra Patel, enquires about flood situation and relief measures
Prime Minister Narendra Modi had a telephonic conversation with Gujarat Chief Minister Bhupendra Patel to discuss flooding in the state. Modi sought details on relief measures and offered central government support. The Indian Army and NDRF are involved in rescue operations as heavy rains continue to affect Gujarat.
Government appoints interim chairmen for Indian Oil Corp and HPCL
The government has appointed interim chairmen for Indian Oil Corp and HPCL for three months as the current chairmen are retiring at the end of August. Satish Kumar Vaduguri and Rajneesh Narang will take over as interim heads of Indian Oil and HPCL, respectively, starting September 1.
National Sports Day 2024: Theme, date, and significance in India
National Sports Day is celebrated annually on August 29th in India, marking the birth anniversary of Major Dhyan Chand. This day emphasizes the importance of sports and physical activities and serves to honor Major Dhyan Chand's legacy in Indian hockey. Various events and initiatives are launched to promote sports and fitness across the nation.
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Delhi HC asks Centre to decide plea against exclusion of penal provision for unnatural sex offence in BNS
The Delhi High Court has directed the Centre to address a plea against the exclusion of penal provisions for unnatural sex and sodomy from the Bhartiya Nyaya Sanhita. The court emphasized the urgency of the matter, asking the government to decide within six months. The petitioner argued this exclusion affects LGBTQ communities disproportionately.
Railways links DigiLocker with its hiring portal
The DigiLocker is a digital document wallet launched by the Ministry of Electronics and Information Technology for providing access to authentic digital documents. The documents stored in the wallet are deemed to be on a par with the original physical ones.
BCCI’s Jay Shah becomes youngest ICC chairman, to succeed Greg Barclay
Jay Shah has been elected unopposed as the Chairman of the ICC, effective December 1, 2024. At 35, he will be the youngest person to lead the global cricket governing body. Shah’s election follows a streamlined process with no other candidates. He will succeed Greg Barclay, who did not seek a third term. Shah is set to be the fifth Indian to head the ICC, following past leaders from India.
Scientist, climate activist Sonam Wangchuk praises PM Modi, Amit Shah for five new districts
Sonam Wangchuk thanked the BJP-led government for listing five new districts in Ladakh, addressing an old demand. He underscored the need for these districts to be democratic, consistent with the 6th Schedule for local governance. Wangchuk's previous activism focused on environmental protection and seeking autonomy for Ladakh.
Rusting and strong winds: Here's why Chhatrapti Shivaji Maharaj's statue collapsed in Sindhudurg in just 8 months
The Chhatrapti Shivaji Maharaj statue in Sindhudurg, inaugurated by Prime Minister Narendra Modi in December 2023, has collapsed. The incident led to criticism of the Maharashtra government. The Indian Navy, which constructed the statue, has launched an investigation, and legal action has been taken against those involved in the project over alleged construction flaws.
Lower qualifying years of service to 20 for assured pension under UPS: Employee representatives
Central government employee representatives are advocating for further relaxations in the rules of the newly unveiled Unified Pension Scheme (UPS). They propose reducing the qualifying years of service for an assured pension to 20 years from the current 25. This would benefit employees who join government service late and ensure enhanced coverage under UPS. They are also pushing for an increase in monthly emoluments to build the lump sum payment and for the introduction of an additional pension for retirees above 80 years of age, similar to the Old Pension Scheme.
'U' in UPS stands for Modi govt's U-turns: Congress' swipe after Unified Pension Scheme announcement
The Congress took a jab at the Modi government following the approval of the Unified Pension Scheme (UPS) guaranteeing 50% of salary as pension for employees who joined after January 1, 2004. The scheme includes a minimum pension of Rs 10,000 per month, fulfilling long-standing employee demands and providing financial security to central and state employees.
Centre approves release of Rs 40 cr to Tripura as flood relief
The Centre has sanctioned Rs 40 crore for flood-affected Tripura. Union Home Minister Amit Shah stated that multiple rescue teams and resources have been deployed to assist in relief efforts. Over 65,000 people are in relief camps, with approximately 17 lakh impacted by the flooding and landslides.
This Canadian province has paused colleges from launching new international programs
The Ontario government has imposed a ban on colleges and universities entering new contracts or agreements to offer post-secondary programs abroad. Outgoing Minister of Colleges and Universities, Jill Dunlop, announced the moratorium in a memo, emphasizing the need for institutions to concentrate on their primary mission of serving Ontarians and supporting local communities.
Indian state-run firms set to issue long term bonds to meet investor demand
At least four state-run firms-THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency - which have not been frequent issuers, are set to tap the market with bond offerings ranging from 10 to 15 years, according to three merchant bankers.
Indian flour mills urge govt to release wheat stocks as prices surge
Indian wheat prices hit a nine-month high, and industry experts urged the government to release reserve stocks to manage the rising costs. The delay in releasing reserves, initially planned for July, has intensified the situation. Wheat stocks have dwindled, increasing concerns ahead of the upcoming festival season, including Dussehra and Diwali.
Kerala woman loses Rs 12 Lakh in new Customs Fraud Scheme; how to protect yourself
A Kerala woman fell victim to a 'Customs Fraud' scam, losing Rs 12 lakh. Imposters posing as customs officials demanded payments for non-existent packages, escalating the fraud. A friend's advice helped her realize the scam. The government’s PIB Fact Check has since issued warnings and tips to help people avoid such traps and report suspicious calls.
Visa restrictions on international students remain set in stone under UK's new Labour government
The UK's ruling Labour Party has confirmed it will not reverse the Conservative government's restrictive student visa policies. Labour's education secretary, Bridget Phillipson, stated that the government does not plan to lift the visa restrictions on international students. She acknowledged the significant contribution of international students but criticized the previous Conservative administration for its approach to higher education.
After IOC, govt seeks to appoint HPCL head through search-cum-selection committee
The government is seeking applications for the HPCL CMD position via a search-cum-selection committee after previous candidates were rejected. Applications are open until September 14, targeting experienced engineers, chartered accountants, and cost accountants with advanced management degrees. The role will be vacant from September 1, 2024, following Pushp Kumar Joshi's retirement
India keen to advance ties with Yunus-led Bangladesh's interim govt, stays mum on Hasina
Indian High Commissioner Pranay Verma discussed strengthening ties with Bangladesh under interim leader Muhammad Yunus. This development follows Prime Minister Sheikh Hasina's resignation and her subsequent move to India after public dissent. Verma met with Foreign Affairs Adviser Md Touhid Hossain but did not specify the length of Hasina's stay in India.
Bangladesh unrest: Indian Coast Guard deploys aircraft, hovercraft for maritime border surveillance
Bangladesh is experiencing a volatile political situation, with Sheikh Hasina resigning from the post of Prime Minister on August 5 amid mounting protests. The protests, led mainly by students demanding an end to a quota system for government jobs, evolved into anti-government demonstrations.
Indians lead in UK university enrollments amid decline in overall migration
Indians have maintained the lead as the largest group of foreign students in UK universities, accounting for 26% of non-EU students in the 2022-23 academic year, according to Higher Education Statistics Agency (HESA) data. This surge is attributed to the Graduate Route visa, which allows graduates to stay in the UK for two years to work or seek employment.
BJP's policy on J-K, Ladakh neither respects 'Kashmiriyat' nor upholds Jamhuriyat': Congress' supremo Mallikarjun Kharge
The Indian National Congress has demanded that elections in Jammu and Kashmir be held according to the Supreme Court-set deadline, accusing the BJP's policy on the region of not respecting 'Kashmiriyat' nor upholding 'Jamhuriyat'. The Congress chief, Mallikarjun Kharge, criticized the Modi government's policy, which he claimed would help integrate the region, boost economic development, and prevent terrorism and separatism.
India won't reimpose foreign investment limits on 5-yr, 7-yr, 10-yr bonds, government source says
The Indian government will not reimpose foreign investor limits on new 5-year, 7-year, and 10-year bonds, while 14-year and 30-year bonds will no longer be accessible to foreign portfolio investors, according to recent government and central bank announcements.
"Indians pay taxes like England to get services like Somalia": Raghav Chadha
While taking part in the debate over Union Budget, Chadha stated, "In 2019, the BJP had 303 seats in Lok Sabha, but in 2024, the public imposed 18 percent GST and gave them only 240 seats. There are various reasons stated behind their plight including the failure of Dharm and casteism card, and problems in ticket distribution, etc, but there are three main reasons - economy, economy, economy!"
NEET controversy in Lok Sabha: If you are rich & have money, you can buy Indian examination system, says Rahul Gandhi
During the Budget session, the Leader of Opposition demanded accountability from the Modi government over NEET exam paper leak allegations. Highlighting concerns about the integrity of India’s examination system, he claimed it's seen as corruptible by the wealthy. Despite the Supreme Court finding no widespread evidence of leaks, concerns persist.
"Reality of hatred for Indian Muslims" says Owaisi on ID card rule for shops on Kanwar Yatra route
AIMIM President Asaduddin Owaisi criticized the Uttar Pradesh government's directive for food shops on the Kanwar Yatra route to display ID cards, calling it reflective of hatred towards Muslims. Opposition leaders, including Kapil Sibal and Brinda Karat, also condemned the move, comparing it to Nazi practices. BJP leaders defended the directive, emphasizing public security and harmony.
Any move to reduce govt stake in 12 public sector banks will be resisted: Congress
On Friday, the Congress Party stated its intent to forcefully resist any attempt to reduce the Union government's stake in 12 public sector banks below 51 percent, both in Parliament and outside. This position follows the broader acceptance of mergers in the public sector banking industry over the last seven years, on the condition that the government's share remains above 51 percent.
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