Govt to honour outstanding young entrepreneurs with National Entrepreneurship Awards
The Ministry of Skill Development and Entrepreneurship will host third edition of the National Entrepreneurship Awards in New Delhi today. The awards aim to recognize and honor outstanding young first-generation entrepreneurs and those who have contributed immensely in building the entrepreneurship ecosystem. We have a report.
Total of 43 awards will be presented this year. These include 39 awards for Young Entrepreneurs in different sectors and four awards for Entrepreneurship Ecosystem Builders.
The winners will receive trophy, certificate and cash prizes ranging from 5 to 10 lakhs rupees. There are special awards for women, persons with disability, scheduled castes, scheduled tribes and entrepreneurs from areas with limited opportunities.
The National Entrepreneurship Awards is a platform focused on driving innovation, ushering in a positive change for youth in entrepreneurship across all the industries.
The awards will inspire and promote growth of entrepreneurs in India.
Ram Janmabhoomi- Babri Masjid title dispute case comes up for hearing in SC
Supreme Court is scheduled to take up a batch of petitions for hearing in the Ram Janmabhoomi-Babri Masjid title dispute case today. The matter is listed before a bench comprising Chief Justice Ranjan Gogoi and Justice SK Kaul.
The apex court on October 29 had fixed the matter in the first week of January before an appropriate bench, which will decide the schedule of hearing.
Various Hindutva organisations have been demanding an ordinance on early construction of Ram temple at the disputed site.
The hearing today assumes importance as Prime Minister Narendra Modi on Tuesday suggested any decision on an ordinance on Ram temple in Ayodhya can happen only after the completion of the judicial process.
PM Modi to launch several development projects in Manipur, Assam today
Prime Minister Narendra Modi will visit Manipur and Assam today. In Manipur, he will inaugurate and lay foundation stones for several projects and schemes.
Mr Modi will unveil the plaque to mark the inauguration of various projects including Integrated Check Post at Moreh, the Dolaithabi Barrage project, FCI food storage godown at Sawombung, Eco Tourism Complex at Thangal Surung and various water supply schemes.
Prime Minister will dedicate the 400kV double circuit Silchar-Imphal line. He will also the lay the foundation stone of projects like Infrastructure Development of Dhanamanjuri University, Imphal and sports facilities.
He will then address the gathering at Hapta Kangjeibung in Imphal East District. In Assam, Prime Minister will address a Public Rally at Ramnagar in Silchar.
Tendulkar's Childhood Coach Ramakant Achrekar Passes Away in Mumbai
Dronacharya awardee cricket coach Ramakant Achrekar, who is credited with shaping the early career of Sachin Tendulkar, died on Wednesday.
He was 87 and passed away owing to age related ailments at his home.
Achrekar competed in just one first-class match in his playing career but discovered and shaped the biggest batsman in international cricket after Sir Donald Bradman in Tendulkar.
Achrekar is best known for being his childhood coach and has always been acknowledged by the celebrated right-hander for the role he played in shaping his career as a child. Achrekar was also a Padmashri awardee.
“Cricket in heaven will be enriched with the presence of Achrekar sir. Like many of his students, I learnt my ABCD of cricket under Sir’s guidance," Tendulkar said. "His contribution to my life cannot be captured in words. He built the foundation that I stand on. Last month, I met Sir along with some of his students and spent some time together. We shared a laugh as we remembered the old times.
“Achrekar sir taught us the virtues of playing straight and living straight. Thank you for making us a part of your life and enriching us with your coaching manual. Well played Sir and may you coach more wherever you are."
Besides Tendulkar, he also coached some prominent players in Vinod Kambli, Pravin Amre, Sameer Dighe, Ramesh Powar, Chandrakant Pandit, Ajit Agarkar and Balwinder Singh Sandhu.
PM Modi to inaugurate Indian Science Congress in Jalandhar today
Prime Minister Narendra Modi will visit in Jalandhar district of Punjab on Thursday to inaugurate the 106th edition of Indian Science Congress (ISC)-2019. He will also deliver the inaugural address on the occasion.
PM Modi will then proceed to Gurdaspur where he will address a public rally.
In keeping with the PM’s vision to give a boost to the spirit of science, technology and innovation across the country, it will be the fifth Indian Science Congress to be addressed by Prime Minister Modi since he assumed office.
In the Past, he has delivered inaugural addresses at 105th edition of ISC in 2018, 104th edition in 2017, 103rd edition in 2016 and 102nd edition in 2015.
Govt appoints Hemant Bhargava interim chairman of LIC
The government Tuesday appointed Life Insurance Corporation’s (LIC) senior-most Managing Director Hemant Bhargava as the insurer’s interim chairman, in place of V K Sharma who retired on Monday.
Meanwhile, the government has already initiated process to select regular chairman and managing director of LIC.
Bhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement. Apart from Bhargava, there are two more MDs of LIC currently.
He was instrumental in completing the design and setting up a separate microinsurance vertical which was LIC’s first comprehensive enterprise-wide initiative in financial inclusion space.
He also set up a new joint venture in collaboration with the banking industry, and founded LIC Cards Services Ltd.
RBI sets up MSME panel under ex-Sebi chief U.K. Sinha
The Reserve Bank of India (RBI) on Wednesday set up an expert committee under former Sebi chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector. RBI has announced the panel a day after it allowed a one-time restructuring of existing debt up to ₹25 crore for the micro, small and medium enterprises (MSMEs) which have defaulted on payment but the loans given to them have continued to be classified as standard assets.
The eight-member committee will also examine the factors affecting the timely and adequate availability of finance to the sector, the central bank said in a statement. “The expert committee will submit its report by the end of June 2019,” it said.
The MSME panel has been asked to review the current institutional framework in place to support the MSME sector and study the impact of the recent economic reforms on the sector and “identify the structural problems affecting its growth”.
To study the global best practices with respect to MSMEs and recommend its adoption in India, wherever appropriate, and review the existing MSME-focused policies and its impact on the sector are among the issues which the panel will look into.
Train 18 Services From Delhi To Varanasi Will "Begin Soon": Piyush Goyal
Railway Minister Piyush Goyal today said that Train 18 will run from Delhi to Varanasi. He said that the run-time of Train 18 between Delhi and Varanasi will be eight hours, "one-and-a-half-times" faster than the fastest train on the route.
While the railways had been saying that it had proposed two routes for Train 18-- Delhi to Bhopal and Delhi to Varanasi-- this is the first time that the route has been officially confirmed.
"We have successfully tested the train and the suggestions are being incorporated. Very soon the train will be dedicated to the nation and we have requested that Prime Minister Narendra Modi flag it off. This train will run between Delhi and Varanasi in eight hours and the fastest train between the two cities takes 11.30 hours," Mr Goyal said.
While Mr Goyal refused to give a date for Train 18's first run, he said it would "begin service soon".
Sources said that the first commercial run of Train 18 would begin next week, just ahead of the Kumbh Mela, which starts in Prayagraj on January 14.
"Train 18 will be flagged off by PM Modi ahead of the Kumbh Mela," the sources said.
Cabinet Approves to Amend Bill to Provide Statutory Recognition to Trade Unions
The government on Wednesday approved amendment to the Trade Unions Act, 1926 to make provisions regarding recognition of trade unions.
The present act provides for only registration of trade unions. Currently, there is no provision for recognition of unions in the Act.
However, the recognition of trade union is governed by guidelines in the 'Code of Discipline' evolved in 1958, voluntarily accepted by employers and employees.
The recognition is necessary because recognised trade union of an industry or establishment gets bargaining or negotiating rights with the employer.
"The Union Cabinet chaired by Prime Minister Narendra Modi has approved amendment to the Trade Unions Act, 1926 to make provisions regarding recognition of Trade Unions," an official statement said.
Assam CM welcomes Cabinet decisions on Assam Accord
Assam Chief Minister Sarbanand Sonowal has welcomed the Union Cabinet's decision to implement the Assam Accord signed in 1985. He said the Cabinet's decision is a historic step to safeguard and protect the interest and cultural and linguistic identity of the indigenous people of the state.
The Union Cabinet yesterday approved the setting up a high-level committee for implementation of clause 6 of the Assam Accord and measures envisaged in the Memorandum of Settlement, 2003 and other issues related to the Bodo community.
"Welcoming the decisions, Mr Sonowal said this is a New Year’s gift to the people of the state from the Centre. He said the Cabinet decision will go a long way in securing the future of all indigenous communities of the state. Assam state BJP President Ranjeet Kumar Dass has also welcomed the decision.