Uzbekistan Ambassador to India Farhod Arziev will Sunday inaugurate a four-day international dance festival titled "Udbhav Utsav" here.

Dance troupes from Bulgaria, Turkey and Sri Lanka, apart from 25 teams from India, will participate while a team from South Korea dropped out at the last minute, organising committee president Keshav Pandey told PTI Saturday.

He said that the inaugural session will be held in Jiwaji Club here.

The dance festival, sponsored by the Greenwood group of schools, is in its 15th year, he added.

New Delhi: Paytm, run by One 97 Communications Ltd, has launched a barcode-based smartphone payment service called PayPay in Japan, in a joint venture with SoftBank Corporation and Yahoo Japan Corporation, the company said in a statement on Monday.

Mint reported on July 27 that Softbank had tapped Paytm, India’s largest payments service provider, to set up mobile payments in Japan by November.

SoftBank Group is one of the largest investors in Paytm. PayPay Corp., established in June, will help SoftBank build and expand its payment system in the country.

Incepted in October 2018, PayPay allows users to store money from a bank account in their “PayPay” wallet and aims to promote the use of cashless payment in Japan, which is heavily dependent on cash for payments. Japan accounts for only 20% of overall cashless transactions in the country.

With the launch of “PayPay,” Yahoo Japan will terminate “Yahoo! Wallet”—its current smartphone settlement function.

The first India-China high-level meeting on bilateral security cooperation held in New Delhi on Monday.

During the meeting, the two sides discussed issues of mutual interest including bilateral cooperation on counter-terrorism and welcomed increased cooperation between India and China in the area of security.

An Agreement on security cooperation was also signed by Home Minister Rajnath Singh and State Councilor and Minister of Public Security of China, Zhao Kezhi.

It will further strengthen and consolidate discussions and cooperation in the areas of counter-terrorism, organized crimes, drug control and other such relevant areas.

Bajrang Punia entered the history books as he won silver and became the first Indian wrestler to win two medals at the World Wrestling Championships on Monday. Punia had won a bronze medal in the 2013 edition.

Punia lost 9-16 to Takuto Otoguro of Japan in the final of the 65 kg freestyle event.

The Japanese raced into a 5-0 lead at the start of the match and although Bajrang did cut Otoguro’s lead to one pointa at one stage he was always fighting an uphill battle against an opponent who had injury issues later in the match.

“It was so near and yet so far,” was how the 24-year-old reacted, speaking from Budapest. “Having reached the final, I expected to win gold but I will have to be satisfied with a silver medal. I am happy to have bettered my bronze medal effort, achieved five years ago at the same venue,” added Punia.

Environment Ministry has launched Harit Diwali, Swasth Diwali campaign. This campaign was initiated in 2017-18 wherein large number of school children participated and took pledge to minimize bursting of crackers.

The Ministry has initiated the campaign on the similar lines but extended to a pan-India.

The Harit Diwali-Swasth Diwali campaign is now merged with “Green Good Deed” movement that has been initiated as a social mobilization for conservation and protection of environment. The Ministry is encouraging all schools and colleges to be part of this campaign.

Air pollution is a serious health issue in the country especially in the northern parts during winter seasons. It is attributed to dust, burning of crops in certain states, burning of garbage construction and prevailing climatic conditions. Diwali falls during the same period.

India and Croatia on Monday signed two agreements to facilitate cultural exchange and diplomatic cooperation.

The agreements were signed and exchanged by External Affairs Minister Sushma Swaraj and her Croatian counterpart Marija Pejcinovic Buric.

Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes (CBDT) has further released time-series data as updated up to FY 2017-18 and income-distribution data for AY 2016-17 and AY 2017-18. The key highlights of these statistics are as under:

There is a constant growth in direct tax-GDP ratio over last three years and the ratio of 5.98% in FY 2017-18 is the best DT-GDP ratio in last 10 years.
There is a growth of more than 80% in the number of returns filed in the last four financial years from 3.79 crore in FY 2013-14 (base year) to 6.85 crore in FY 2017-18.
The number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18.
There has been continuous increase in the amount of income declared in the returns filed by all categories of taxpayers over the last three Assessment Years (AYs). For AY 2014-15, corresponding to FY 2013-14 (base year), the return filers had declared gross total income of Rs.26.92 lakh crore, which has increased by 67% to Rs.44.88 lakh crore for AY 2017-18, showing higher level of compliance resulting from various legislative and administrative measures taken by the Government, including effective enforcement measures against tax evasion.

The total number of taxpayers (including corporates, firms, HUFs, etc.) showing income of above Rs. 1 crore has also registered sharp increase over the three-year horizon. While 88,649 taxpayers disclosed income above Rs. 1 crore in AY 2014-15, the figure was 1,40,139 for AY 2017-18 (growth of about 60%). Similarly, the number of individual taxpayers disclosing income above Rs. 1 crore increased during the period under reference from 48,416 to 81,344, which translates into a growth of 68%.

Forbes’ global 2000 best employers list: Larsen & Toubro, a leading player in country’s engineering and construction sector, has featured at 22nd rank among the top 25 companies in the Forbes’ global 2000 best employers list. The chart is topped by Google parent Alphabet. Other than L&T, the only other Indian firms to feature in the top 100 list are Mahindra & Mahindra at 55, Grasim Industries at 59 and HDFC at 91. According to the US magazine, only 24 firms list in the overall list.

It has been second year in a row that Alphabest has topped the list with Microsoft following it. The six out of 10 spots have been captured by the American companies.

For India, there are only 24 domestic companies in the list which include the state-run GIC Re ranked 106, tobacco major ITC at 108, state-run alloy major SAIL at 139, Sun Pharma at 172, Asian Paints at 179, and HDFC Bank at 183.

At 201 is Adani Ports & Special Economic Zone, JSW Steel is placed at 207, at 253 is Kotak Mahindra Bank, Hero Motocorp is ranked 295, Tech Mahindra comes at 351, ICICI Bank at 359, Wipro at 362, Hindalco at 378, State Bank of India is ranked 381, Bajaj Auto at 417, Tata Motors scores 437, Power Finance Corporation is at 479, Axis Bank at 481 and the state-run Indian Overseas Bank is ranked at 489, according to the list.

New Delhi: A parliamentary panel will examine the functioning of the Employees Provident Fund Organisation (EPFO), its coverage and recovery of arrears. The Parliamentary Standing Committee on Labour has also decided to review the implementation of labour laws, social security and welfare scheme for workers.

The panel will be headed by BJP MP Kirit Somaiya. It has selected a wide range of subjects related to labourers, including the International Labour Organisation conventions binding on India and the measures taken by the government to implement them, according to a bulletin issued by the Lok Sabha secretariat.

It will also look into the working conditions and welfare of mine workers, and review the working of the Directorate General of Mines Safety.

The panel had earlier suggested that the EPFO should act as the sole regulator for all categories of provident funds, particularly private PF trusts, and there should be a strong regulatory system in place for all PF trusts.

Even though India slipped by one spot, it was still ranked one of the 10 most valuable nation brands in the world. Brand Finance's annual Nation Brands report measures nations' brands based on the country's image and the economy as a whole. India was ranked 8th in last year's report but slipped by a spot to the 9th rank. Despite its brand value rising 5% from last year, India has slipped one rank for the second consecutive year.

India's brand value was $2,046 billion in 2017 and has increased to $2,159 billion in 2018, the report mentioned. India is one of the only two countries in the top 10 to have lost a spot. The other country to slip by a rank is Japan.

Topping the list and maintaining its lead is US with a brand value of $25,899 billion which rose by 23% from last year. The US economy has grown at a rapid pace and is expected to continue it in the coming months. All of its parameters, including GDP, consumer sales, car output show growth.

The country to see the highest jump in brand value is Germany with 28%.