Budget 2017-18 may look to soften note ban woes by tax relief

Finance Minister Arun Jaitley will on Wednesday present his fourth and perhaps the most challenging Budget that may look to soften blow of currency ban with tax and other sops as he seeks to revive growth. While largely sticking to fiscal consolidation roadmap, Jaitley will present the Budget for 2017-18 amid strong headwinds caused by government decision to invalidate 86 per cent of the currency and the newly elected US President making protectionist noises. Topping the list of sweeteners could be the hike in Income Tax exemption limit to Rs…

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SC to hear plea to postpone Union Budget on Jan 23rd

The Supreme Court today deferred to January 23 the hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states. A bench comprising Chief Justice J. S. Khehar and Justice D. Y. Chandrachud, which has sought material and legal provisions in support of the PIL, preferred to go through the additional affidavit filed by the petitioner. Advocate M. L. Sharma, who has filed the PIL, also expressed his readiness to argue the matter on Monday. The PIL has said that the Centre…

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Kirloskar Oil Engine Limited Launches new High Horse Power Gensets for the Indian Market

Kirloskar Oil Engine Limited one (KOEL) India’s most trusted brands announced the launch of their new High Horse Power Gensets in the city today. Having started their High Horse Power Gensets journey in 1998 KOEL has successfully completed 30,000 installations in the country while overall installations crossing 1 million DG sets in the country. To mark this occasion, KOEL announced their foray into the 750, 910 and 1010 kVA range of Gensets for the Indian market. With these additions KOEL is now the only organization to offer a wide range…

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LABOUR LAWS CHANGES CAN RAISE THE SHARE OF FORMAL EMPLOYMENT TO 40% STATES TEAMLEASE

Top 11 regulatory changes that can bring about a shift in labour participation~ While 2016 may have set the regulatory reform agenda in motion, but to accelerate the formal job creation in the current year will need a far more concerted changes to the labour laws. The current labour regulations not only make life difficult for job creators, it does a poor job of protecting employees. In fact, a revamp of the regulatory eco-system can improve India’s ranking with regard to the ease of doing business and raise the labour…

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7 Terror launch pads targeted in surgical strike

Seven terror launch pads were targeted across the LoC by special forces of the Indian Army during the ‘surgical strike’ overnight in which heliborne and ground forces were used, defence sources said today. The sources said the operation began at around mid-night last night and ended at around 4:30 AM this morning. The terror launch pads targeted were in the range of 2 to 3km from the Line of Control(LoC) and were under surveillance for over one week, the sources said. They said the operation was a combination of heliborne…

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India improving road connectivity to LAC

India is working on better road accessibility up to the Line of Actual Control (LAC) in Ladakh, often snapped due to hostile terrain and bad weather. India’s move to upgrade the road infrastructure in the “strategically crucial” link comes against the backdrop of construction of China-Pakistan Economic Corridor (CPEC) through the Karakoram ranges in the region. The Border Roads Organisation, which takes care of roads construction in strategic locations, had approached the Central Road Research Institute (CRRI), asking it to suggest possible solution for a patch on the 55-odd km…

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Govt launches interactive dashboard of Padma awardees

The government has launched an interactive dashboard of all Padma awardees between 1954 and 2016, allowing users to explore details about the winners. This marks another major step in the government’s efforts to bring transparency and people engagement into the Padma Award process, official sources said. The website, www.padmaawards.gov.in:8888 enables a user to understand, explore and analyse all Padma awardees–who was awarded what award, in which year, and belonging to which state and profession. The sophisticated data visualization engine processes complex data of around 4400 awardees till date, into a…

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Cauvery row: PM pained over violence in K’taka, TN

Prime Minister Narendra Modi today expressed pain over the developments in Karnataka and Tamil Nadu over the Cauvery water dispute and appealed for peace while underlining that violence cannot provide solution to any problem. He asserted that the dispute can only be solved within the legal ambit and “breaking the law is not a viable alternative”. “Situation that has emerged in Karnataka & Tamil Nadu, as a fallout of issue of distribution of waters of Cauvery River, is distressful.I am personally pained at the developments,” he said in a statement….

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Coast Guard providing security for Ganesh immersion in Mumbai

Coast Guard is undertaking Operation Utsav to provide seaward security and safety cover to people during Ganesh Visarjan days. The cover was in force during visarjan days on September 6 and 9 and will be in force tomorrow and September 15-16. Coast Guard Regional Headquarters (West), Worli is deploying Fast Patrol Vessel, Interceptor Boat, Hovercraft and Helicopter on random patrol off Mumbai coast. This is for being extra vigilant and provide surveillance against seaward threats and assisting civil authorities during Ganpati Visarjan, a CG official said. The operation forms part…

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Pak must do more to eliminate terrorist safe havens: US envoy

The US today asked Pakistan to do more to eliminate terrorist safe havens saying terror groups like Lashkar-e-Taiba and Jaish-e-Mohammed continue to be a threat to everyone. “We’re also aware India is located in a challenging neighbourhood and the United States has been very clear, at the highest levels, that Pakistan can and must do more to eliminate terrorist safe havens,” US Ambassador to India Richard R. Verma said at the US-India Expert Workshop on Countering Terrorist Use of the Internet. Verma said last year, the US and India signed…

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