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1 | Maldives Snubs India Again, Inks Power Sector Deal With Pakistan | Pakistan and the Maldives have signed a Memorandum of Understanding or MoU to support the island nation's infrastructure development in the power sector. The move is seen as another snub to India after it recently scrapped a helicopter deal with New Delhi. |
07-Jul-2018 | News in Details | |
2 | FACEBOOK STOCKS RECORD AN ALL TIME HIGH OF $203.3 DESPITE DATA PRIVACY ISSUES | Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported. Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League. The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia such as Thailand, Vietnam, Cambodia and Laos, from 2019 until 2022, in a deal worth about $264 million. Since going public in 2012, Facebook has seen its stock rise more than 400 In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked. |
07-Jul-2018 | News in Details | |
3 | Justice Adarsh Kumar Goel appointed as chairman of National Green Tribunal | Supreme Court judge Adarsh Kumar Goel, who retired on Friday, was appointed as the chairperson of National Green Tribunal. He is best remembered for passing the controversial judgment on diluting provisions of the SC/ST Act. The post of the chairperson of the green tribunal, which Goel, who was elevated to Supreme Court on July 7, 2014, had previously served as Chief Justice of the Orissa High Court and prior to that, he was the Chief Justice of the Gauhati High Court. Born on July 7, 1953, Justice Goel had also held the position of executive chairman of the Haryana State Legal Services Authority. With the retirement of Goel, the strength of the Supreme Court goes down to 22 against a maximum of 31 judges. |
07-Jul-2018 | News in Details | |
4 | Ex-Pakistan PM Nawaz Sharif sentenced to 10-year jail in Avenfield corruption case; daughter Maryam gets 7 yrs | Islamabad: Ousted Pakistan prime minister Nawaz Sharif was on Friday convicted by the country’s accountability court in a corruption case along with his daughter Maryam. While Sharif has been sentenced to 10 years in jail, Maryam has been handed a 7-year-imprisonment in the Avenfield corruption case, the Pakistani media reported. Earlier in the day, the accountability court had rejected the former PM’s plea to delay the verdict by a week in one of the three corruption cases he is facing in the high-profile Panama Papers scandal. The Avenfield corruption case concerns the ownership of four flats in London’s Avenfield House. While seeking a delay in the verdict, Sharif had contended that he wanted to be in the courtroom, where he has "endured more than 100 hearings", along with his daughter when the judgement was delivered. Sharif is currently in London along with Maryam to attend to his wife Kulsoom Nawaz, is undergoing throat cancer treatment there. The over 100-page verdict was delivered by accountability court judge Mohammad Bashir in a courtroom barred for the media. Sharif’s son-in-law Capt (retd) Safdar has also been sentenced to |
06-Jul-2018 | News in Details | |
5 | Chief Justice of India is the 'Master of Roster,' rules Supreme Court | The Supreme Court today rules that the Chief Justice of India is the ‘Master of Roster’ and that he alone has the power to assign cases. This is the third time in eight months that the top court reiterated that Chief Justice of India is first among The judgment was passed by Justices AK Sikri and Ashok Bhushan. It should be noted that the apex court also stated at the outset that it is not treating Shanti Bhushan’s petition as an adversarial litigation, and is not doubting the The ruling comes months after a Supreme Court Bench headed by Chief Justice of India Dipak Misra reasserted his own authority, in the face of criticism from fellow judges, and said he is the first among equals and cannot be distrusted. |
06-Jul-2018 | News in Details | |
6 | 25 countries in global banks’ ‘high risk’ list | MUMBAI: China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny while non-resident Indians and persons of Indian origin will run into new hurdles in participating in funds set up in these countries for trading on Indian exchanges.
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06-Jul-2018 | News in Details | |
7 | ISRO successfully carries out flight tests for Crew Escape System | The Indian Space Research Organisation on Thursday successfully carried out a flight test for a newly-designed Crew Escape System, meant for saving lives of astronauts in an exigency. The space agency said it was the first in a series of tests to ascertain the trustworthiness and efficiency of the Crew Escape System. The system is an emergency measure designed to quickly pull After a smooth five-hour countdown, the Crew Escape System along with the simulated crew module lifted off at 7.00 am from its pad at the Satish Dhawan Space Centre at Sriharikota today, it said. The test was over in 259 seconds, during which the Escape System and the module soared skyward, before arching out over the Bay of Bengal and floating back to earth using its parachutes, about 2.9 km from Sriharikota, it added. |
06-Jul-2018 | News in Details | |
8 | Payments Council of India appoints Vishwas Patel as its new chairman | Payments Council of India (PCI), an apex body representing the companies in the payments and settlement system, has announced the appointment of Vishwas Patel It has also announced the appointment of Loney Antony, Managing Director, Hitachi Payment Services, as its new co-chairman. He has been associated with PCI ever since its inception in 2013 and was serving as the co-chairman of PCI. He takes over from Naveen Surya, who has been elevated to the post of Chairman Emeritus. |
06-Jul-2018 | News in Details | |
9 | Animals are 'legal persons', all citizens their parents, orders Uttarakhand HCi | In a unique ruling, the Uttarakhand High Court on Wednesday accorded the status of a "legal person or entity" to animals in the state, saying "they have a distinct persona with corresponding rights, duties and liabilities of a living person". A division bench of Justices Rajiv Sharma and Lokpal Singh bestowed the unique status on the animal kingdom while issuing a series of directions to prevent cruelty against animals. The bench said the order was aimed "to protect and promote The entire animal kingdom, including avian and aquatic ones, are declared as legal entities having a distinct persona with corresponding rights, duties and liabilities of a living person. The |
06-Jul-2018 | News in Details | |
10 | Cabinet approves DNA Technology (Use and Application) Regulation Bill, 2018 | The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved The DNA Technology (Use and Application) Regulation Bill 2018. The primary intended purpose for enactment of the "DNA Based Technology (Use and Regulation) Bill 2018" is for expanding the application of DNA-based forensic technologies to support and strengthen the justice delivery system of the country. The utility of DNA based technologies for solving crimes, and to identify missing persons, is well recognized across the world. By providing for the mandatory accreditation and regulation of DNA laboratories, the Bill seeks to ensure that with the proposed expanded use of this technology in the country, there is also the assurance that the DNA test results are reliable and the data remain protected from misuse or abuse in terms of the privacy rights of our citizens. |
05-Jul-2018 | News in Details |