News Live: Kim Jong Un declares North Korea a nuclear power, says 'button' is on his desk
Here's wishing you a Happy New Year. This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
Kim Jong Un declares North Korea a nuclear power, says 'button' is on his desk
North Korean leader Kim Jong Un says the United States should be aware that his country's nuclear forces are now a reality, not a threat, reports AP. Kim was speaking in his annual New Year's Day address. He said the country had achieved the historic feat of "completing" its nuclear forces and added that he has a "nuclear button" on his desk. The customary New Year's address was broadcast Monday morning on North Korean state television.
Jan 01, 07:07 AM (IST)
Rahul hits out at BJP over 'empty promises', 'non-utilisation' of Smart City funds
Congress president Rahul Gandhi hit out at the BJP over its "empty promises" and targeted the Centre as only "seven per cent" of the funds meant for its Smart City project was used so far, reports PTI. He also said job creation should be the focus area of the government as China was "out-competing" India.
"Dear Modi bhakts, Out of 9,860 crores for the Smart Cities only 7% has been used. China is out competing us while your master gives us empty slogans. Please watch this video and advise him to focus on what matters- job creation for India #BJPEmptyPromises (sic)," the Congress leader said on Twitter.
Along with the tweet, he also shared a video, showing how China was fast moving forward as far as technological advancements and job creation were concerned. Rahul Gandhi has been targeting the BJP-led central government and Prime Minister Narendra Modi over the issues of job creation and lack of employment opportunities for the youth.
Jan 01, 07:54 AM (IST)
First draft of NRC published with 1.9 crore names
The much-awaited first draft of the National Register of Citizens (NRC) was on Sunday published with the names of 1.9 crore people out of the 3.29 crore total applicants in Assam recognising them as legal citizens of India, reports PTI. The rest of the names are under various stages of verification, Registrar General of India Sailesh said at a press conference held at midnight where he made the draft public.
"This is a part draft. It contains 1.9 crore persons, who have been verified till now. The rest of the names are under various stages of verification. As soon as the verification is done, we will come out with another draft," he said. NRC State Coordinator Prateek Hajela said those people whose names have been excluded in the first list need not worry. "It is a tedious process to verify the names. So there is a possibility that some names within a single family may not be there in the first draft," said Hajela. "There is no need to panic as rest of the documents are under verification," he said.
Asked about the possible timeframe for the next draft, the RGI said it will be decided as per the guidelines of the Supreme Court -- under whose monitoring the document is being prepared -- in its next hearing in April. The entire process will be completed within 2018, Sailesh said. The application process started in May, 2015 and a total of 6.5 crore documents were received from 68.27 lakh families across Assam.
Jan 01, 07:47 AM (IST)
A robin flies to a suet cake that hangs on a tree in Frankfurt, Germany on Sunday. AP
Jan 01, 07:46 AM (IST)
Fireworks explode over Sydney Harbour during New Year's Eve celebrations in Sydney, Australia. AP
Jan 01, 07:44 AM (IST)
The 185th battalion camp of the Central Reserve Police Force which was stormed by the militants on the foot hills of Wastoorwan at Lethpora in Pulwama district of south Kashmir on Sunday. Five CRPF personnel and two fidayeen attackers were killed so far while as three CRPF jawans were injured. PTI
Jan 01, 07:43 AM (IST)
Jan 01, 07:42 AM (IST)
Jan 01, 07:42 AM (IST)
Jan 01, 07:19 AM (IST)
FPIs withdraw Rs 5,900cr from equities in Dec, infuse over Rs 51K cr in 2017
Overseas investors have pulled out close to Rs 5,900 crore from domestic equities in December, with widening fiscal deficit and higher crude prices making market participants cautious on macro-economic front. In spite of December performance, foreign portfolio investors (FPIs) ended 2017 with a net inflow of over Rs 51,000 crore. According to the depositories data, FPIs withdrew a net Rs 5,883 crore from equities during December.
However, such investors had put in Rs 2,350 crore in the debt markets during the period under review. The outflow comes following an eight month high inflow of Rs 19,728 crore in November, mainly on account of the government's plan to recapitalise PSU banks and surge in India's ranking in the World Bank's Ease of Doing Business. This also marked the highest net investment by FPIs since March, when they had poured in Rs 30,906 crore in the equity market.
Jan 01, 07:19 AM (IST)
Mutual funds invest Rs 1 lakh cr in stocks in 2017
Domestic mutual funds pumped in a staggering over Rs 1 lakh crore in the stock market during 2017. Mutual funds invested Rs 1.2 lakh crore in equities in 2017, much higher than over Rs 48,000 crore infused in 2016 and more than Rs 70,000 crore pumped in during 2015, latest data with the Securities and Exchange Board of India (Sebi) showed.
Jan 01, 07:17 AM (IST)
Delhi-bound Indigo flight returns to Goa due to technical glitch
A Delhi-bound IndiGo flight from Goa, carrying 183 passengers and three infants on board, was forced to return and make an emergency landing at the Dabolim airport on Sunday, due to low oil pressure in one of its engines, a source told PTI. The flight - 6E 724 - which took off from the Dabolim airport for New Delhi at 5.50 pm, returned soon to the airport after its pilot reported the oil-pressure problem in one of the engines of the Airbus 320 aircraft, the source added.
IndiGo confirmed the incident and said it had been reported to the aviation regulator, the Directorate General of Civil Aviation (DGCA). "IndiGo's Goa-Delhi flight was involved in an air turnback due to low oil pressure in engine two," the airline said in a statement. The aircraft was carrying 182 passengers and three infants on board, it added.
highlights
Kim Jong Un declares North Korea a nuclear power, says 'button' is on his desk
North Korean leader Kim Jong Un says the United States should be aware that his country's nuclear forces are now a reality, not a threat, reports AP. Kim was speaking in his annual New Year's Day address. He said the country had achieved the historic feat of "completing" its nuclear forces and added that he has a "nuclear button" on his desk. The customary New Year's address was broadcast Monday morning on North Korean state television.
Rahul hits out at BJP over 'empty promises', 'non-utilisation' of Smart City funds
Congress president Rahul Gandhi hit out at the BJP over its "empty promises" and targeted the Centre as only "seven per cent" of the funds meant for its Smart City project was used so far, reports PTI. He also said job creation should be the focus area of the government as China was "out-competing" India.
"Dear Modi bhakts, Out of 9,860 crores for the Smart Cities only 7% has been used. China is out competing us while your master gives us empty slogans. Please watch this video and advise him to focus on what matters- job creation for India #BJPEmptyPromises (sic)," the Congress leader said on Twitter.
Along with the tweet, he also shared a video, showing how China was fast moving forward as far as technological advancements and job creation were concerned. Rahul Gandhi has been targeting the BJP-led central government and Prime Minister Narendra Modi over the issues of job creation and lack of employment opportunities for the youth.
FPIs withdraw Rs 5,900cr from equities in Dec, infuse over Rs 51K cr in 2017
Overseas investors have pulled out close to Rs 5,900 crore from domestic equities in December, with widening fiscal deficit and higher crude prices making market participants cautious on macro-economic front. In spite of December performance, foreign portfolio investors (FPIs) ended 2017 with a net inflow of over Rs 51,000 crore. According to the depositories data, FPIs withdrew a net Rs 5,883 crore from equities during December.
However, such investors had put in Rs 2,350 crore in the debt markets during the period under review. The outflow comes following an eight month high inflow of Rs 19,728 crore in November, mainly on account of the government's plan to recapitalise PSU banks and surge in India's ranking in the World Bank's Ease of Doing Business. This also marked the highest net investment by FPIs since March, when they had poured in Rs 30,906 crore in the equity market.
Mutual funds invest Rs 1 lakh cr in stocks in 2017
Domestic mutual funds pumped in a staggering over Rs 1 lakh crore in the stock market during 2017. Mutual funds invested Rs 1.2 lakh crore in equities in 2017, much higher than over Rs 48,000 crore infused in 2016 and more than Rs 70,000 crore pumped in during 2015, latest data with the Securities and Exchange Board of India (Sebi) showed.
Kim Jong Un declares North Korea a nuclear power, says 'button' is on his desk
North Korean leader Kim Jong Un says the United States should be aware that his country's nuclear forces are now a reality, not a threat, reports AP. Kim was speaking in his annual New Year's Day address. He said the country had achieved the historic feat of "completing" its nuclear forces and added that he has a "nuclear button" on his desk. The customary New Year's address was broadcast Monday morning on North Korean state television.
Rahul hits out at BJP over 'empty promises', 'non-utilisation' of Smart City funds
Congress president Rahul Gandhi hit out at the BJP over its "empty promises" and targeted the Centre as only "seven per cent" of the funds meant for its Smart City project was used so far, reports PTI. He also said job creation should be the focus area of the government as China was "out-competing" India.
"Dear Modi bhakts, Out of 9,860 crores for the Smart Cities only 7% has been used. China is out competing us while your master gives us empty slogans. Please watch this video and advise him to focus on what matters- job creation for India #BJPEmptyPromises (sic)," the Congress leader said on Twitter.
Along with the tweet, he also shared a video, showing how China was fast moving forward as far as technological advancements and job creation were concerned. Rahul Gandhi has been targeting the BJP-led central government and Prime Minister Narendra Modi over the issues of job creation and lack of employment opportunities for the youth.
First draft of NRC published with 1.9 crore names
The much-awaited first draft of the National Register of Citizens (NRC) was on Sunday published with the names of 1.9 crore people out of the 3.29 crore total applicants in Assam recognising them as legal citizens of India, reports PTI. The rest of the names are under various stages of verification, Registrar General of India Sailesh said at a press conference held at midnight where he made the draft public.
"This is a part draft. It contains 1.9 crore persons, who have been verified till now. The rest of the names are under various stages of verification. As soon as the verification is done, we will come out with another draft," he said. NRC State Coordinator Prateek Hajela said those people whose names have been excluded in the first list need not worry. "It is a tedious process to verify the names. So there is a possibility that some names within a single family may not be there in the first draft," said Hajela. "There is no need to panic as rest of the documents are under verification," he said.
Asked about the possible timeframe for the next draft, the RGI said it will be decided as per the guidelines of the Supreme Court -- under whose monitoring the document is being prepared -- in its next hearing in April. The entire process will be completed within 2018, Sailesh said. The application process started in May, 2015 and a total of 6.5 crore documents were received from 68.27 lakh families across Assam.
A robin flies to a suet cake that hangs on a tree in Frankfurt, Germany on Sunday. AP
Fireworks explode over Sydney Harbour during New Year's Eve celebrations in Sydney, Australia. AP
The 185th battalion camp of the Central Reserve Police Force which was stormed by the militants on the foot hills of Wastoorwan at Lethpora in Pulwama district of south Kashmir on Sunday. Five CRPF personnel and two fidayeen attackers were killed so far while as three CRPF jawans were injured. PTI
FPIs withdraw Rs 5,900cr from equities in Dec, infuse over Rs 51K cr in 2017
Overseas investors have pulled out close to Rs 5,900 crore from domestic equities in December, with widening fiscal deficit and higher crude prices making market participants cautious on macro-economic front. In spite of December performance, foreign portfolio investors (FPIs) ended 2017 with a net inflow of over Rs 51,000 crore. According to the depositories data, FPIs withdrew a net Rs 5,883 crore from equities during December.
However, such investors had put in Rs 2,350 crore in the debt markets during the period under review. The outflow comes following an eight month high inflow of Rs 19,728 crore in November, mainly on account of the government's plan to recapitalise PSU banks and surge in India's ranking in the World Bank's Ease of Doing Business. This also marked the highest net investment by FPIs since March, when they had poured in Rs 30,906 crore in the equity market.
Mutual funds invest Rs 1 lakh cr in stocks in 2017
Domestic mutual funds pumped in a staggering over Rs 1 lakh crore in the stock market during 2017. Mutual funds invested Rs 1.2 lakh crore in equities in 2017, much higher than over Rs 48,000 crore infused in 2016 and more than Rs 70,000 crore pumped in during 2015, latest data with the Securities and Exchange Board of India (Sebi) showed.
Delhi-bound Indigo flight returns to Goa due to technical glitch
A Delhi-bound IndiGo flight from Goa, carrying 183 passengers and three infants on board, was forced to return and make an emergency landing at the Dabolim airport on Sunday, due to low oil pressure in one of its engines, a source told PTI. The flight - 6E 724 - which took off from the Dabolim airport for New Delhi at 5.50 pm, returned soon to the airport after its pilot reported the oil-pressure problem in one of the engines of the Airbus 320 aircraft, the source added.
IndiGo confirmed the incident and said it had been reported to the aviation regulator, the Directorate General of Civil Aviation (DGCA). "IndiGo's Goa-Delhi flight was involved in an air turnback due to low oil pressure in engine two," the airline said in a statement. The aircraft was carrying 182 passengers and three infants on board, it added.