June 2019

The Madhya Pradesh cabinet on Monday passed a resolution to increase the reservation quota for Other Backward Classes (OBC) from the existing 14 per cent to 27 per cent, taking the total reservation in the state to 73 per cent in violation of Supreme Court guidelines on the quota.  As of now, the state has […]

The Army’s Eastern Command headquarters at Fort William will play an important role in monitoring the air quality in the city. On Monday, the sixth Continuous Ambient Air Quality Monitoring System (CAAQMS) was commissioned there in the presence of Lt Gen M M Naravane, GOC-in-C, Eastern Command and officials of the West Bengal Pollution Control Board (WBPCB). Kalyan Rudra, chairman, WBPCB,

Indian Navy deployed its P-8I long-range maritime surveillance aircraft for anti-piracy sorties from Salalah in Oman to patrol the Gulf of Aden. This is the second time the P-8I is operated from Salalah for anti-piracy in 2019. It was operated from there first January. It is an expansion of its Mission Based Deployments (MBD) in the Indian Ocean Region (IOR).  P-8I: The P-8I provides

Humans are both creatures and moulders of their environment, which gives them physical sustenance and affords them the opportunity for intellectual, moral, social and spiritual growth. In the long and tortuous evolution of the human race on this planet a stage has been reached when, through the rapid acceleration of science and technology, humans have

The Reserve Bank of India has revealed that over 6,800 cases of bank fraud involving an unprecedented ₹71,500 crore were reported in 2018-19. This is 74% higher than the amount involved in 5,916 such cases reported in 2017-18. Anti-corruption watchdog Central Vigilance Commission (CVC) made an analysis and reported on top 100 frauds. The bank frauds were categorised and analysed for 13 sectors,

ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 per cent jump in its 2018-19 fiscal net profit to Rs 26,716 crore.

Generalized System of Preference (GSP) is the largest and oldest US trade preference programme. India was the largest beneficiary of the GSP programme in 2017 with $5.7 billion in imports to the US given duty-free status. Reason for US withdrawing India’s GSP benefits: The move was taken on determining that India has not committed to provide

Lawspet legislator V.P. Sivakolundhu took over as the Speaker of the 14th Assembly on Monday. As soon as the House assembled for the day, government whip R.K.R. Anantharaman occupied the chair to announce the unopposed election of Mr. Sivakolundhu, who previously served as Deputy Speaker. Mr. Anantharaman said six sets of papers proposing and nominating

Mahindra Susten, the private equity division of Mahindra Group, has partnered with Mitsui & Co. Ltd, of Japan. The aim is to jointly develop and operate distributed solar power generationprojects in India. Mahindra Susten will hold 51% stake in Marvel Solren Private Ltd. with Mitsui holding the rest 49%. It is expected that the collaboration between the two groups would help in

Axis Bank  said the Reserve Bank of India (RBI) has approved appointment of Rakesh Makhija as chairman of the bank. The board of the bank in March had approved appointment of Makhija as chairman subject to RBI clearance. “We would like to inform you that RBI vide its letter dated 3151 May 2019 has approved