Rising oil prices could take a bite out of India's economy
The Indian economy is in for a rough ride, with rising oil prices set to continue weighing on its already-weakened currency, widen its deficit, and affect its growth outlook.
Rebounding oil prices — and India's unrelenting demand for it — will push up oil imports and widen its current account deficit, which measures the flow of goods, services and investments into and out of the country, economists say.
That widening deficit will result in a weakening rupee, they say, as more imports mean India has to buy more foreign currencies to meet its needs.
No "Policy" On Blasphemous Content, Imran Khan Criticises Muslim Nations
ISLAMABAD: Pakistan Prime Minister Imran Khan has said that the absence of an international policy against the generation of blasphemous content is a "collective failure" on part of the Muslim countries.
Addressing Pakistan's senate for the first time as Prime Minister, Mr Khan on Monday said his government will raise the matter before the UN, adding: "However, I do not think that would do much," Dawn news reported.
The senate had passed a resolution to bring the UN's attention to the matter regarding the announcement by the leader of Dutch Freedom Party and Parliamentarian Geert Wilders to hold a competition of blasphemous caricatures.
Pakistan's Foreign Office last week had called the charge d'affaires of the Netherlands to record a protest against the announcement by Wilders.
J P Nadda Launches Logo of Pradhan Mantri Jan Arogya Yojana; States to Decide Mode of Implementation
The union minister J P Nadda has launched the Pradhan Mantri Jan Arogya Yojana (PMJAY) today to provide cashless and paperless access to health care services in public and private empanelled hospitals across the country. The scheme is a big leap in improving the healthcare status, as will provide a health insurance cover of Rs 5 lakh to crore of families. The scheme will cover 10.74 crore rural and urban families as identified in SECC 2011.
The 29 states and Union Territories have signed the MoU and have started working on the implementation of the mission. The states are going to decide on the mode of implementation with 7 states plan to adopt the insurance mode, 18 states will follow the trust route while the remaining 9 will follow the mixed model.
Asian Games: Neeraj Chopra becomes first Indian to win javelin throw gold
Neeraj Chopra became the first Indian javelin-thrower to win an Asian Games gold medal as he shattered his own national record by clearing a distance of 88.06m in Jakarta on Monday.
Chopra’s gold is only the second medal India has won in javelin throw in Asian Games history after Gurtej Singh won bronze in 1982 in New Delhi.
The 20-year-old’s winning throw came in his third attempt. He began with 83.46m and fouled the second attempt.
PM Modi to launch FAME India Phase II on September 7
Prime Minister Narendra Modi is set to launch the second phase of the FAME India scheme on September 7 that offers incentives for buying electric vehicles in bulk with an outlay of Rs 5,500 crore, officials said. An inter-ministerial panel finalised the modalities of the scheme and it is expected to be placed before the Union Cabinet for approval and PM Modi would launch the scheme at the opening session of the ‘MOVE’ – a global summit – that is scheduled for September 7-8, in the presence of many CEOs from the automobile sector, news agency PTI said.
Asian Games 2018: PV Sindhu storms into gold medal match, Saina Nehwal wins bronze to end India’s 36-year wait
PV Sindhu stormed into the final of the women’s singles event at the 18th Asian Games after beating Akane Yamaguchi of Japan in Jakarta. The Rio Olympics silver medallist beat Yamaguchi for a third straight time in a gritty contest where Sindhu won 21-17, 15-21, 21-10. With the win, Sindhu has become the first Indian to reach the final of Asian Games in either singles or doubles.
Sindhu had beaten Yamaguchi at the World Championships in China and most recently in the team event at the Asian Games.
Sindhu started sluggishly making numerous unforced errors but recovered quickly to take control of the match. Despite Yamaguchi’s energetic game, Sindhu stood tall to weather the attack. Sindhu remained solid at the net, using a variety of stroke to force the Japanese player into errors. A long rally ensued at 20-17 but Yamaguchi sent her smash wide to put the Indian ahead.
Major Leetul Gogoi found guilty in Srinagar hotel case, Army orders disciplinary action
The Army’s Court of Inquiry (CoI) Monday issued orders to initiate disciplinary action against Major Leetul Gogoi after he was seen with a local Kashmiri woman in a Srinagar hotel earlier this year. The court held him accountable for “fraternising with locals inspite of instructions to the contrary and for being away from the place of duty while in operational area”.
After the Corps Commander’s approval of CoI’s findings, Army authorities will frame charges against the officer citing relevant provisions of the Army Act. They can then decide to either punish the officer or convene a court-martial to try the officer.
A Court of Inquiry had been ordered against Major Leetul Gogoi following an altercation at a Srinagar hotel where he had shown up with a young woman and a man. The trio had been questioned by Srinagar police in May this year after an argument erupted at the Hotel Grand Mamta where the staff refused to let the woman in.
Asian Games 2018: Dutee Chand wins silver in women's 100m race
Dutee Chand clinched silver in women's 100m on Sunday at the Asian Games 2018. It was India's first medal in 20 years in this event.
Running in lane number 7, Dutee clocked 11.32 seconds, a tad below her national record of 11.29 seconds.
Odiong Edidiong of Bahrain won the gold in 11.30 while Wei Yongli of China took the bronze in 11.33 in a close finish.
Govt Clears Procurement of 111 Naval Helicopters at a Cost of Rs 21,000 Crores
New Delhi: In a major decision, the Defence Ministry on Saturday gave its nod to acquisition of 111 utility helicopters for the Navy at a cost of over Rs 21,000 crores besides approving separate procurement proposals worth nearly Rs 25,000 crores, according to officials.
A meeting of the Defence Acquisition Council (DAC), the ministry's highest decision-making body on procurement, cleared the proposals.
Facebook testing ‘things in common’ feature to help strangers connect
Facebook is testing a new feature, that will let users know what they have in common with strangers. Reported by CNET, this feature, dubbed as ‘things in common’, will help people know if strangers match up to them through a college, workplace or hometown. The social media company has said that the feature is testing it out as a label, that will appear on public comment sections.
As part of ‘things in common’, Facebook will create tags for users who comment on posts from a brand or a publisher page. As one notices comments from strangers, the feature will point out a similarity with every stranger, if any exists. For example, users will be able to note if the strangers they spot have also studied under Delhi University, or consider Mumbai to be their hometown.