Sports News Updates

Shivraj Singh Chouhan right, many MP roads better than those in US: Uma Bharti

Tuesday, October 31 2017

Shivraj Singh Chouhan right, many MP roads better than those in US: Uma Bharti

Shivraj Singh Chouhan right, many MP roads better than those in US: Uma Bharti Shivraj Singh Chouhan right, many MP roads better than those in US: Uma Bharti Source : SIFY Last Updated: Tue, Oct 31, 2017 18:30 hrs Bhopal : Union minister Uma Bharti on Tuesday came out strongly in support of Madhya Pradesh chief minister Shivraj Singh Chouhan over his claim that roads in the state are better than those in the US. The mindset of people, especially the English-speaking classes, should be changed, she said. "Certainly there are world-class roads in Madhya Pradesh, including the VIP Road in Bhopal which is by world standards, and we should shun this inferiority complex that the US is better than India," Bharti said at a press conference at her house. "In many areas, we are far better than that country and there is a need to change the mindset of people," she said. Bharti also said that she took sannyas at Amarkantak 25 years ago, and therefore she is going to visit the holy place, the origin of the river Narmada, again to pay her respects. "The architecture at Rameshwaram, Ajanta Ellora, Khajuraho and the river Ganga are some of the examples where we are far ahead of the US. India can lead the world in many areas including (values of) humanity," she said. "Chouhan has shown the courage and boldly highlighted India's strength. No doubt some of the roads in the state are better than those in the US," she said. "The chief minister's statement has started a debate. There is a need to change the mindset of people, especially the English-speaking classes (which leads them to think) that in every sphere West is better than India," Bharti said. The way Chouhan was mocked on social media after his statement about roads in the state pained her, and as a true patriot she has come out openly in support of him and addressing this press conference, she said. Relations between Bharti and Chouhan had turned bitter when she was denied the post of chief minister in 2005-06. "Under the leadership of Prime Minister Narendra Modi, India would certainly march ahead of rest of the world in many areas. At many multi-national companies, top brains are Indians," Bharti said. SEARCH talking point on sify news Latest Features

Army's job is to train for war, not to build bridges: Punjab CM

Tuesday, October 31 2017

Army's job is to train for war, not to build bridges: Punjab CM

Army's job is to train for war, not to build bridges: Punjab CM Army's job is to train for war, not to build bridges: Punjab CM Source : SIFY 19:09 hrs New Delhi : Punjab Chief Minister Amarinder Singh on Tuesday criticized the central governments decision to rope in the Indian Army for rebuilding the Elphinstone bridge in Mumbai, terming it as "deplorable" and "an admission of the failure" of the government and the Indian Railways. The Army's job is to train for war and protect the countrys borders, not to build bridges and clean the roads, said Singh, who has served the Army as a Captain before joining politics. Citing reports that the Army's services will be utilized in building a new bridge at Elphinstone station and at two other suburban train stations in Mumbai, he termed the move as "atrocious", and said the central and state governments should put their own resources at the disposal of the railways if the situation was so urgent and serious. "Whatever the urgency of the situation, it does not merit such a decision, which would have adverse long-term implications as it could encourage the civilian authorities to seek Army help for major civilian works every time they find themselves ill-equipped to handle an infrastructural or other challenge," he said in a statement. He urged Defence Minister Nirmala Sitharaman to refrain from diverting critical defence resources of the country to civilian works, saying it would set a bad precedent. Singh said Sitharaman was making the same mistake that Major General BM Kaul, General Officer Commanding (GoC) of `Red Eagles 4th Division, had made before the 1962 war with China. "The scandalous misuse, by him, of military manpower to build accommodation cost the Indian Army heavy during the Sino-Indian war," the chief minister said. These kind of acts led to severe downgradation of the defence services then, Singh said and warned that the Army would end up suffering similar lowering of its status if the defence ministry does not withdraw its decision to use the armed forces for building civilian bridges in Mumbai. "As it is, the Army is regularly used to help out in emergency situations such as floods and earthquakes, and is even engaged in infrastructural development in sensitive areas, such as the North-East. "If it is now burdened with the additional task of helping out in other civilian tasks, merely because the civilian authorities are unable to handle it, it would lead to further impacting its resources," Singh said. "It would also lower the morale of the Army personnel, who join the force with a vision to secure the countrys borders and protect its people from the enemy," he added. The defence minister, instead of being a party to this decision and announcing it with such pride, should have categorically rejected any such suggestion in the interest of the armed forces, the chief minister said. SEARCH talking point on sify news Latest Features

Prem Kumar Dhumal to be BJP`s CM candidate for Himachal Pradesh

Tuesday, October 31 2017

Prem Kumar Dhumal to be BJP`s CM candidate for Himachal Pradesh

Prem Kumar Dhumal to be BJP's CM candidate for Himachal Pradesh Prem Kumar Dhumal to be BJP's CM candidate for Himachal Pradesh Source : SIFY 16:42 hrs New Delhi : Former Himachal Pradesh chief minister Prem Kumar Dhumal will be leading the BJP campaign in the upcoming Himachal Pradesh Assembly elections, party national president Amit Shah said on Tuesday. Dhumal has held the post in the state twice before, from March 1998 to March 2003 and from January 2008 to December 2012. Last week, when Finance Minister Arun Jaitley released the party’s election manifesto, he had said, “One of our very experienced leaders will be the chief ministerial candidate”. Jaitley, however, did not say whether the party will announce a candidate or decide after the polls, calling it a “matter of strategy”. The Himachal Pradesh Assembly elections will be held on November 9, and the results will be declared on December 18. SEARCH talking point on sify news Latest Features

WWE champ Jinder Mahal to face Kevin Owens on December 8

Tuesday, October 31 2017

WWE champ Jinder Mahal to face Kevin Owens on December 8

WWE champ Jinder Mahal to face Kevin Owens on December 8 WWE champ Jinder Mahal to face Kevin Owens on December 8 Source : Last Updated: Tue, Oct 31, 2017 15:00 hrs New Delhi, Oct 31 (IANS) The current WWE champion, India's Jinder Mahal, is all set to defend his title against Kevin Owens in the World Wrestling Entertainment Live India event here on December 8, it was announced on Tuesday. Jinder retained the title against Shinsuke Nakamura at Hell in a Cell recently and will be up against Canadian professional wrestler at the Indira Gandhi Indoor Stadium. Apart from them, Roman Reigns will face Braun Strowman in the second championship match. In the RAW Tag Team championship match, Dean Ambrose and Seth Rollins will hock horns with Cesaro and Sheamus and Finn Balor will face Bray Wyatt. Women wrestlers will also take part during the live event. Sasha Banks will face Alexa Bliss in the RAW championship match. --IANS

छात्रसंघ की चुनावी रंजिश में छात्र के अपहरण का मामला गरमाया। | News Bundelkhand | न्यूज बुन्देलखण्ड

Tuesday, October 31 2017

छात्रसंघ की चुनावी रंजिश में छात्र के अपहरण का मामला गरमाया। | News Bundelkhand | न्यूज बुन्देलखण्ड

0 टीकमगढ़ : टीकमगढ़ में छात्र संघ चुनाव के दौरान एवीबीपी और एनएसयूआई के समर्थको के बीच विवाद हो गया था। अब यही मामला पुलिस थाने तक भी पहुंच गया है। तीन दिन पहले कक्षा प्रतिनिधि के चुनाव के दौरान एवीबीपी और एनएसयूआई के समर्थकों ने दूसरे पर मारपीट करने की शिकायत दर्ज़ कराई गई थी। इसी मामले के बाद एवीबीपी समर्थक विनय सेन ने आरोप लगाया है की बीते रोज जब वह कुण्डेश्वर से अपने घर आ रहा था तभी रास्ते में पूर्वमंत्री यादवेंद्र सिंह बुंदेला के पुत्र सारस्वत सिंह बुंदेला और उनके साथियो ने उन्हें रास्ते में रोककर जबरन गाड़ी में बैठा लिया और अपने घर ले जाकर कक्षा प्रतिनिधियों के नाम बताने को कहा। नहीं बताने पर उनके साथ मारपीट की और करीब दो घंटे तक उन्हें कमरे में बंद करके रखा गया। बाद में परिजनों को सूचना मिलने पर वह कोतवाली थाने पहुंचे तब कहि जाकर वह उनके चंगुल से छूटा। विनय सेन ने कोतवाली थाने पहुँचकर सारस्वत सिंह, अंकित सिंह नीरज ठाकुर आशु यादव सहित उनके अन्य मित्रो के नाम शिकायत दर्ज़ कराई है जिस पर पुलिस ने सारस्वत सिंह सहित ग्यारह अन्य लोगो के खिलाफ धारा 365 ,341,294, 506 ,34 आईपीसी के तहत अपहरण व मारपीट का मामला दर्ज़ कर लिया है। सभी आरोपी अभी फरार बताये जा रहे है। वही इस मामले में आरोपी बनाये गए सारस्वत सिंह बुंदेला ने अपने ऊपर लगे सारे आरोपों को झूठा बताया है। उन्होने इस पूरे मामले को प्रायोजित बताया है। रिपोर्ट-विकास राय 0

Diwali was dim for fashion industry reeling under demonetisation, GST

Tuesday, October 31 2017

Diwali was dim for fashion industry reeling under demonetisation, GST

Diwali was dim for fashion industry reeling under demonetisation, GST Diwali was dim for fashion industry reeling under demonetisation, GST Source : Last Updated: Tue, Oct 31, 2017 18:24 hrs New Delhi: Style, it would appear, never goes out of fashion. But the passion to spend on designer clothes and accessories took a beating in the past year, ever since the Narendra Modi government implemented the demonetisation policy. The introduction of the Goods and Services Tax (GST) in July added to the woes, say designers. "Demonetisation was a wonderful move by the government, but it was badly executed. They did not see the entire scenario. It has disrupted the business. There were a lot of times that my employees like tailors and embroiderers could not go to the bank. Demonetisation impacted them badly," Rahul Mishra, a regular participating designer at the Paris runways, told this source. The stress, he says, was felt more by weavers, embroiderers, tailors and craftspersons. The introduction of GST on July 1 impacted the same set of people more than others. "I am not against GST. We work with handmade clothes and labour is intensive. So if I supply merchandise worth Rs 1 crore, then 12 per cent needs to be paid upfront as GST. Next month, again if I am supplying, then I have to pay 12 per cent, so I have to pay so much to GST and then wait for the sale to happen." He says the government should encourage the handmade industry by bringing in separate laws for it. "I want to pay taxes on what I am selling because if I am not selling, then business is less, opportunity is less and so is potential for employment," said Mishra. A report by Investment Information and Credit Rating Agency of India (ICRA) stated that the Indian textiles and apparel industry, which accounts for almost 24 per cent of the world's spindle capacity and eight per cent of global rotor capacity, has been struggling due to the impact of demonetisation and GST. The report stated that the disruptions caused by demonetisation and transition to the GST regime has "narcotised the Indian apparel and fabric industry". Other designers say they are witnessing reduced business, but they are hopeful that the forthcoming wedding season may bring a touch of relief. Many feel that banning of Rs 500 and Rs 1,000 currency notes was a good move to weed out corruption in the country, even though it took its toll on the design world. GST only added to their troubles. Designer Samant Chauhan is disappointed that the festive season failed to raise the shoppers' spirit. "I always knew that the market is slow and we will get good sales in Diwali. But things were not that great during the festive time either, with sales at less than half. There was no (big) party happening on Diwali, so why will people buy designer clothes. I think the note ban did have an impact on that (party culture). He said that after demonetisation, prices of yarns and fabric went up. "Only those people survived who had systems (workstations and mills). There was a huge crunch of fabric as most of the weavers were in the bank getting their cash. When things normalised, the prices went up," he added. Sunil Sethi, President, Fashion Design Council of India (FDCI), the country's apex fashion body, admitted that sales had slumped due to demonetisation and GST. "I'm hoping that the business is going to be regularised in the near future. Certain amount of discipline has set in for both the customer and designer. However, there is no doubt that the volume of business has gone down, which is not a good sign. Hoping for the market to pick up soon," Sethi told the source. Menswear designer Pawan Sachdeva echoed the sentiment. "The effect of demonetisation has lingered even after a year. The luxury market has faced a major slowdown. Even as the effects of demonetisation hadn't lessened, GST was introduced as a new policy, slowing the market even more," he said. The major problem, according to him, was that cash flow declined sharply, resulting in slashing of up to almost 80 per cent of luxury sales. "This Diwali, the sales were extremely low as compared to previous years. It will take a lot of time for the market to recover at this rate," Sachdeva said. SEARCH

Has demonetisation resulted in lesser cash and more digital?

Tuesday, October 31 2017

Has demonetisation resulted in lesser cash and more digital?

Has demonetisation resulted in lesser cash and more digital? Has demonetisation resulted in lesser cash and more digital? Source : SIFY 16:20 hrs November 8 is in fact just two weeks away. A year ago, on that day, PM Modi in his 'mitron' speech, unleashed what he packaged as a transformational reform. But did demonetisation achieve its objectives? At least, did it make India a more digital economy? Surprisingly, ​latest research shows that ​usage of digital payment methods ha​s​ ​in fact ​slowed down and ​is​ back to trends spotted during pre-demonetisation days. A report from HDFC Bank, written by its Chief Economist Abheek Barua​, states​ that a structural drop in cash usage resulting from the financial reform is a misleading thought to begin with. The economist compared current level of currency with the public with pre-demonetization levels and suggested a flawed linkage. Between January and October 2016, currency with public increased at a monthly average rate of 15% YoY compared to average growth of 11% in 2015 and 10% in 2014. Many theories came to the fore to support the increase in cash in the system. Most prominent among them were theories like former RBI governor Raghuram Rajan's- the elections in Assam, Kerala, Tamil Nadu, West Bengal, and Puducherry. There were other theories too that attributed rising cash to the environment of low real interest rates which made savings less attractive. But Barua suggests that the 2016 level of currency-with-public was an aberration from the normal trend. "A comparison with that number gives a wrong picture," he said. Economists at the bank used a Hodrick-Prescott (HP) filter, a statistical tool that draws a fine dynamic trend and enables an accurate differentiation about cyclical patterns, to find that currency with the public was now back to the trend level. CARDS & DIGITAL: The economists also found that Debit card usage at the ATMs (primarily used for cash withdrawals) also showed similar results. On the aspect of card-usage, the report suggests a slow reversal in usage of digital payment methods. There have been reports of merchants reverting back to cash, either with an intention to save the merchant rates, or in instances many are also resorting to illegally cut-short total transactions to evade taxes. Economists concurred that after the easing of liquidity crunch, transaction volumes, especially with retail electronic payments have seen a marginal dip. For Mwallets too, there has been a gradual tapering after the initial bounce. Analysts said, "Having said that, a complete return to the pre-Nov. 8 trends has not yet happened, holding out the possibility that there has been some behavioral change in the transactions patterns. Whether the big jump above trend represents a short-term blip, or whether demonetization has given a structural push to the already rising trajectory of digitization, remains an open question." Although the objective to utilize more digital transactions in order to build efficiency was a good one. Indian banking infrastructure certainly was not upto the mark in order to serve the large population base. An RBI paper titled "Card Acceptance Infrastructure" (8th March, 2016) too highlighted the lack of adequate digital infrastructure in the country and high cost of acquiring business as one of the main reasons inhibiting the growth of digital platforms in India. CONSUMER BEHAVIOUR? An Ernst & Young Accelerating Financial Inclusion report from January 2013 finds that there were only 693 machines per million of India’s population, compared to 32,995 terminals per million people in Brazil and 4000 terminals per million people in China. Number of POS machines have increased, with the National Payments Corporation of India (NPCI) suggesting that the number in the country touched the 3 million mark. A year ago India had just 1.5 mn PoS terminals (November 8 2016). Economists from HDFC conceded that change in consumer behavior will eventually happen but the fact that there now exists tangible infrastructure to make it happen is a step forward. SEARCH

BRIEF-Reliance Communications and Sistema Shyam Teleservices complete merger transaction

Tuesday, October 31 2017

BRIEF-Reliance Communications and Sistema Shyam Teleservices complete merger transaction

BRIEF-Reliance Communications and Sistema Shyam Teleservices complete merger transaction BRIEF-Reliance Communications and Sistema Shyam Teleservices complete merger transaction 18:00 hrs Oct 31 (Reuters) - Reliance Communications Ltd * RCom and Sistema Shyam Teleservices complete merger transaction Source text for Eikon: Further company coverage: SEARCH

BRIEF-India's Syndicate Bank Sept-qtr profit up 28 pct

Tuesday, October 31 2017

BRIEF-India's Syndicate Bank Sept-qtr profit up 28 pct

BRIEF-India's Syndicate Bank Sept-qtr profit up 28 pct BRIEF-India's Syndicate Bank Sept-qtr profit up 28 pct 18:00 hrs Oct 31 (Reuters) - Syndicate Bank Ltd: * Sept quarter net profit 1.05 billion rupees versus profit of 824.2 million rupees last year * Sept quarter interest earned 55.59 billion rupees versus 57.83 billion rupees last year * Sept quarter provisions 8.91 billion rupees versus 8.64 billion rupees last year * Sept quarter net NPA 5.76 percent versus 6.27 percent previous quarter * Sept quarter gross NPA 9.39 percent versus 9.96 percent previous quarter Source text - http://bit.ly/2A2LbE7

State Bank of India cuts lending rates, first time in 10 months

Tuesday, October 31 2017

State Bank of India cuts lending rates, first time in 10 months

State Bank of India cuts lending rates, first time in 10 months State Bank of India cuts lending rates, first time in 10 months 18:00 hrs MUMBAI, Oct 31 (Reuters) - State Bank of India, the country's top lender by assets, will cut marginal cost-based lending rates (MCLR) across maturities by 5 basis points, effective Wednesday, in what will be its first lending rate cut in 10 months. SBI, which accounts for more than a fifth of India's banking assets, will lower the 1-year MCLR to 7.95 percent from 8 percent, according to a notification on Tuesday. http://bit.ly/2hfLVQS The RBI last year unveiled the MCLR, which sought to remove much of the discretion commercial banks have to set lending rates. But to its frustration, the pace of bank lending rate cuts has lagged the reduction in policy rates, which fell by a total 200 basis points since January 2015. The RBI is keen for banks to lower lending rates further to accelerate credit growth and private investment in an economy growing at its slowest in more than three years. Bank loans last financial year grew at their slowest pace in more than six decades. Flush with deposits after a surprise scrapping of high-value notes last year, banks led by SBI had last sharply cut lending rates under the MCLR system in early January. (Reporting by Devidutta Tripathy; Editing by Biju Dwarakanath) SEARCH

BRIEF-Bharti Airtel to continue evaluating selling of shares in Bharti Infratel

Tuesday, October 31 2017

BRIEF-Bharti Airtel to continue evaluating selling of shares in Bharti Infratel

BRIEF-Bharti Airtel to continue evaluating selling of shares in Bharti Infratel BRIEF-Bharti Airtel to continue evaluating selling of shares in Bharti Infratel 18:39 hrs Oct 31 (Reuters) - Bharti Airtel Ltd: * Board authorised co to continue evaluating selling shares in Bharti Infratel in one or more tranches from Airtel or unit Nettle Further company coverage: SEARCH

BRIEF-Karnataka Bank cuts one year MCLR to 8.75 pct w.e.f. Nov 1‍​

Tuesday, October 31 2017

BRIEF-Karnataka Bank cuts one year MCLR to 8.75 pct w.e.f. Nov 1‍​

BRIEF-Karnataka Bank cuts one year MCLR to 8.75 pct w.e.f. Nov 1‍​ BRIEF-Karnataka Bank cuts one year MCLR to 8.75 pct w.e.f. Nov 1‍​ 18:59 hrs Oct 31 (Reuters) - Karnataka Bank Ltd * Says cuts one year MCLR to 8.75 percent w.e.f. Nov 1‍​ * Says cuts six months MCLR to 8.40 percent Source text - http://bit.ly/2xDC4bf Further company coverage: SEARCH