First session of 17th Lok Sabha to begin today
The session will continue till 26th of next month. Since it is the first session of the new Lok Sabha, it will mainly be devoted to Oath taking of newly elected MPs, the election of Lok Sabha Speaker, the Motion of Thanks on the President’s Address and financial business relating to Union Budget.
The session will have 30 sittings of the Lok Sabha and 27 sittings of the Rajya Sabha. The Election of Speaker will be held on Wednesday while President Ram Nath Kovind will address both the Houses of Parliament on Thursday.
The Union Budget will be presented on the 5th of next month. 46 Bills have lapsed on the dissolution of 16th Lok Sabha which was in various stages in both the Houses and some of these important bills are likely to be revived and brought before Parliament.
Ten Ordinances have been promulgated during the inter-session period which is to be replaced by Acts of Parliament.
Besides Triple Talaq Bill, the legislation set to be introduced in the session is the Central Educational Institutions (Reservation in Teachers Cadre) Bill and Aadhaar and Other Laws (Amendment) Bill 2019.
PM Narendra Modi to chair Niti Aayog's fifth Governing Council meeting today
Prime Minister Narendra Modi will on Saturday chair the fifth meeting of the Niti Aayog's Governing Council which will focus on issues like the drought situation, farm distress, rain-water harvesting and preparedness for Kharif crops.
The five-point agenda for the meeting also includes aspirational districts programme, transforming agriculture and security related issues with special focus on left wing extremism (LWE) districts, an official statement said.
The meeting, to be held at Rashtrapati Bhavan, will be attended by chief ministers, lieutenant governors of union territories, several union ministers and senior government officials.
This will be the first governing council meeting under the new Modi government.
India static at 101st in FIFA rankings
The Indian football team remained static at 101st place in the FIFA rankings issued today. India had finished third in the King's Cup in Thailand, which the organizers had said was a FIFA-sanctioned tournament.
India's ranking points remained the same -- 1219 -- as that of the previous list, issued on 4th April this year.
The Indian team is at 18th spot among the Asian countries led by Iran (20th), Japan (28), Korea (37), Australia (43) and Qatar (55) form the top five in Asia.
Belgium continued to top overall world rankings, followed by France, Brazil, England and Portugal.
Defence Minister calls upon DRDO scientists to focus their energies on flagship programmes of national importance
Defence Minister Rajnath Singh reviewed the progress of research and development activities in the area of defence technologies at DRDO headquarters in New Delhi yesterday.
Mr. Singh appreciated the commitment and dedication of DRDO scientists. He directed them to focus their energies on flagship programmes of national importance. Chairman DRDO Dr G Satheesh Reddy and other senior scientists gave a detailed presentation to Mr Singh.
The Defence Minister also met the Army Chief General Bipin Rawat in New Delhi yesterday. Mr Singh complimented Army for ensuring the highest level of professionalism, the continuous readiness against external and internal challenges and their role in nation building.
SEBI tightens disclosure norms for credit rating agencies
Markets watchdog Sebi June 13 came out with a strict disclosure framework for credit rating agencies wherein they will be required to provide the probability of default for various rated instruments.
The regulator's move comes against the backdrop of rising instances of debt defaults and concerns over the role of credit rating agencies in assessing the possible risks. Credit rating agencies have also come under the scanner in the IL&FS case.
"...CRAs (credit rating agencies), in consultation with Sebi, shall prepare and disclose standardized and uniform probability of default (PD) benchmarks for each rating category on their website, for one-year, two-year and three-year cumulative default rates, both for short-run and long-run," the circular said.
RBI to pump in Rs 12,500 cr liquidity on June 20
The Reserve Bank of India said June 13 said it will infuse Rs 12,500 crore into the financial system through bond purchases on June 20.
The decision has taken based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, the central bank said in a statement.
The purchase of government securities under the Open Market Operation (OMO) for Rs 125 billion (Rs 12,500 crore) will be conducted on June 20, 2019.
The government securities to be purchased in the auction would be communicated in due course, the RBI added.
PM Kisan Pension Scheme: Farmers' contribution to be Rs 100 per month
Farmers will have to contribute 100 rupees per month under the Pradhan Mantri Kisan Pension Yojana that seeks to provide a minimum fixed monthly pension of 3,000 rupees on the attainment of 60 years.
The central government will also contribute an equal amount to the pension fund to be managed by the LIC, which will be responsible for the pension payout. The government in its first cabinet meeting had approved a separate pension scheme for farmers with an aim to cover 5 crore beneficiaries in the first three years.
Discussing the new scheme with state agriculture ministers through a video conference, Union Agriculture Minister Narendra Singh Tomar urged all states and union territories to roll out the programme at the earliest.
PM Modi to address plenary session of SCO Summit today
Prime Minister Narendra Modi will address the plenary session of the Shanghai Cooperation Organization (SCO) Summit at Bishkek in Kyrgyzstan today. Mr Modi will present his vision for regional cooperation and development.
The two-day SCO Summit began yesterday in Bishkek. On the sidelines of the summit, Prime Minister will hold bilateral talks with Presidents of Kyrgyzstan, Kazakhstan, Mongolia, Belarus and Iran today. India and Kyrgyzstan will also sign a number of agreements after the delegation level talks. Mr Modi will also jointly inaugurate the India-Kyrgyz Business Forum.
Yesterday evening, Mr Modi held bilateral talks with Presidents of China, Russia and Afghanistan. Prime Minister's first engagement in Bishkek was the bilateral meeting with Chinese President Xi Jinping.
Due to Jio, India is home to world's 2nd largest internet user base: Report
More than half the world’s population is active on the internet, with India accounting for about 12% of them, retaining its second position, an annual report on internet trends by venture capitalist Mary Meeker said on Tuesday.
China has the largest base, accounting for 21% of all internet users globally, and the US comes third at 8%.
The number of people active online in 2018 was approximately 3.8 billion, or 51% of the world’s population. That compares with the previous year’s 3.6 billion people, or 49% of the world’s population.
The growth in internet users in India was driven by cut-price data plans introduced by Reliance Jio Infocomm Ltd and cheaper smartphones, the report said.
Nirmala Sitharaman, Jaishankar to get JNU’s Distinguished Alumni Award
Jawaharlal Nehru University on June 12 said it would confer its Distinguished Alumni Award to Union Ministers Nirmala Sitharaman and Subrahmanyam Jaishankar.
The award will be presented at JNU’s third convocation to be held in August.
“The Executive Council of the JNU approved a proposal to bestow the award on Finance Minister Ms. Sitharaman and External Affairs Minister Mr. Jaishankar, during the third convocation of the university to be held in August this year,” Registrar Pramod Kumar said in a statement.
“Their highly distinguished career and achievements have made the university very proud and they are a great source of inspiration for JNU students and researchers. They will be the first recipients of the Distinguished Alumni Award,” Mr. Kumar added.