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Feb 10, 2018 08:56 PM IST | Source: Moneycontrol.com

News As-It-Happened: Give gifts to voters to increase contact, Maharashtra BJP leader tells cadre

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.

  • Feb 10, 08:56 PM (IST)

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  • Feb 10, 08:10 PM (IST)

    Senior BJP leader and Maharashtra minister Chandrakant Patil has advised the party workers to visit houses of voters and give them gifts in order to increase contact with them, drawing flak from the opposition.

    The revenue minister was addressing BJP workers in Sangli in western Maharashtra yesterday. Election to Sangli Miraj Kupwad Municipal Corporation is due be held in four months.

  • Feb 10, 06:35 PM (IST)

    Former Tamil Nadu Chief Minister late J Jayalalithaa's portrait will be unveiled in the State Assembly on February 12 by Speaker P Dhanapal.

    Chief Minister K Palaniswami will preside over the function in the presence of Deputy Chief Minister O Panneerselvam, Secretary, Tamil Nadu Legislative Assembly, K Boopathy said in an official release here.

    Palaniswami had in May last year called on Prime Minister Narendra Modi and submitted a letter, urging him to unveil the late leader's portrait in the Assembly.

  • Feb 10, 05:07 PM (IST)

    Congress president Rahul Gandhi today intensified his attack on the NDA government on the Rafale fighter jet deal, alleging it was the "biggest issue" of corruption in the country now.

    Launching his party campaign at Hosapete in poll-bound Karnataka's Ballari district, Gandhi alleged that Modi had "personally" changed the contract during his visit to France to give it to a "friend", and said the prime minister had not answered the three questions posed by him on the deal.

  • Feb 10, 04:35 PM (IST)

    BJP today dismissed as "propaganda" claims that the Centre has not done much for Andhra Pradesh's development, and asked its ally TDP to sort out its issues with the government "amicably".

    The state government, run by the TDP, has been attacking the Centre following the presentation of the Union Budget, saying it has ignored the state.

    At a press conference, BJP spokesperson GVL Narasimha Rao and state party president and Visakhapatnam MP K Hari Babu presented a list of institutions, projects and funds sanctioned for the state by the NDA government and asserted that the Centre has taken utmost care of the state.

    The state has received priority and the Centre is committed to its development, Rao said.

  • Feb 10, 04:03 PM (IST)

    Railways mulls rewards, incentives, bonuses to boost employee morale

    A railway committee has recommended new appraisal systems, bonuses, incentives and a badge of honour to boost employee morale in the national transporter, senior railway officials have said.

    The transport behemoth which has 13 lakh employees is now mulling a change in the criteria for promotion of employees to see if they can be further rewarded for good performance.

    The panel recommended that instead of rating the Annual Performance Appraisal Reports of five years, an employee's best five years out of the last seven should be taken into account to provide incentives.

  • Feb 10, 03:52 PM (IST)

    India Post Payments Bank pan-India roll out from April

    India Post Payments Bank today said that it will start pan-India roll out of its network from April this year.

    India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018," the Department of Posts said in a statement.

    All 1.55 lakh post office branches will operate as access points and 650 payments bank branches will provide them back-end support.

  • Feb 10, 03:14 PM (IST)

    PM Narendra Modi arrives in Palestine on a historic visit

    Prime Minister Narendra Modi today arrived in Ramallah on a historic visit to Palestine during which he will meet President Mahmoud Abbas and reaffirm India's support for the Palestinian people.

    Modi, the first Indian prime minister to visit Ramallah, arrived here on the first leg of his three-nation tour.

    Prime Minister Modi and President Abbas will discuss ways to enhance bilateral relations as well as discuss the regional and international situations of common concern.

  • Feb 10, 02:55 PM (IST)

    North Korea's Kim invites South Korean president for summit - South Korea

    North Korean leader Kim Jong Un invited South Korean President Moon Jae-in to Pyongyang "at an early date", South Korean officials said on Saturday, potentially setting up the first meeting of Korean leaders in more than 10 years, reports Reuters.

    Any meeting would represent a diplomatic coup for Moon, who swept to power last year on a policy of engaging more with the reclusive North.

    The recent detente, anchored by South Korea's hosting of the Winter Olympic Games, came despite an acceleration in the North's weapons programme last year and pressure from Seoul's allies in Washington.

  • Feb 10, 01:53 PM (IST)

    Arun Jaitley says fiscal situation should be comfortable next financial year

    Finance Minister Arun Jaitley today said the fiscal situation should be comfortable next financial year and there are no worries at the moment regarding slippages in meeting the deficit targets.

    The last decision of the Monetary Policy Committee, chaired by RBI Governor Urjit Patel that decided to keep rates unchanged, was a ‘balanced decision,’ he said.

  • Feb 10, 01:28 PM (IST)

    FM Arun Jaitley briefs SEBI and RBI Board

    Finance Minister Arun Jaitley today met with the boards of the Reserve Bank and markets regulator SEBI to discuss on the various financial sector reforms announced in the Union Budget 2018-19.

  • Feb 10, 12:35 PM (IST)

    Government mops up Rs 26,500 crore from those who didn't file tax returns

    The government's drive, through a non-filer monitoring system to target those who indulge in high-value transactions but that don't pay enough taxes has forced the filing of at least 1.7 crore extra returns and helped the Centre mop up close to Rs 26,500 crore till December, reports The Times of India.

    In a written reply, finance minister Arun Jaitley told parliament on Friday that for the past few years, the tax department has been identifying non-filers by tracking in-house information and tallying it with data of high-value transactions received from external agencies along with TDS and tax collected at source (TCS).

  • Feb 10, 11:47 AM (IST)

    US President Trump blocks release of Democratic memo on Russia probe

    President Donald Trump is refusing to declassify a high-profile memo written by Democratic lawmakers about the Russia probe.

    In a letter to the chair of the House Intelligence Committee yesterday, White House counsel Don McGahn says the memo "contains numerous properly classified and especially sensitive passages."

    The Democrats' memo aimed to counter a Republican-drafted one the president declassified and released.

  • Feb 10, 11:19 AM (IST)

    Four injured as Jaish militants attack Army camp

    A group of Jaish-e-Mohammed terrorists attacked the Sunjwan Army camp in Jammu city in the early hours today, leaving three Armymen and daughter of an Army personnel injured, officials said.

    The terrorists entered from the rear side of Sunjwan Army camp where family quarters are located, DGP S P Vaid said.

    At least three persons, including an Army personnel and his daughter, have been injured, officials said.

    The militants, who are believed to be around three, have been isolated, they said.

  • Feb 10, 10:48 AM (IST)

    In record mass exit, number of students quitting UP board exams doubles over last year to 10 lakh in just 4 days

    Over 10 lakh examinees have dropped out of the Uttar Pradesh board examinations in the last four days, according to a Times of India report. This number has doubled over last year and is a fallout of various measures taken to fend off  the education mafia that promotes use of unfair means..

    Nearly 66 lakh students had registered for UP board examinations for class 10th and 12th this year, Exams began on February 6 and within four days, over 15% of them dropped out of the exams. With nearly a month to go for the exams to conclude, the percentage could inch up further. Class X exams will end on February 22 and class XII on March 12.

    Education department officials suggest the drop out rate in English and Mathematics is typically high. Class X students took the English paper while class XII students appeared for mathematics this Friday.

    The last highest dropout rate as yet in the board's history was in 2016, when over 6.4 lakh students skipped the exams.

  • Feb 10, 10:33 AM (IST)

    ATMs get smarter, can now verify your transactions via Aadhaar

    ATM machines are likely to get smarter. Banks are replacing the machines used merely as cash dispensers with new digital machines that have fixed menu options, sleeker designs and larger 15-inch tablet-like multi-touch screen.

    An ET report suggests these 'smart' ATMs can perform Aadhaar-based biometric authentication, and all other transactions via net banking apart from dispensing cash.

    ATM maker NCR expects revival of demand as lenders are replacing some machines rather than going for an upgrade on the same machine. 

  • Feb 10, 10:21 AM (IST)

    Rahul Gandhi to continue his temple visits in Karnataka

    Congress president Rahul Gandhi is expected to continue his temple visits in election-bound Karnataka during his four-day stay in the state as he had done before the Gujarat Assembly polls, party sources said today.

    Gandhi will visit the Huligemma Temple in Koppal district today when he starts his visit to the Congress-ruled state. In the evening, he will visit the Gavi Siddeshwara Mutt in the district, the sources said.

    The Congress chief will also address campaign rallies and programmes during the visit.

    He will address a public meeting and launch a 'yatra' at Municipal Ground in Hosapete city in Bellari district. He will be given a reception by district Congress committee workers at Munirabad – Huligi Cross in Koppal district at 3 pm today.

  • Feb 10, 10:16 AM (IST)

    South Korea's Moon hosts talks with North Korean leader's sister

    South Korean President Moon Jae-in met North Korean leader Kim Jong Un's sister on Saturday, hoping to translate Olympics detente into meaningful progress towards resolving a tense standoff over the North's nuclear and missile programmes.

    Moon hosted talks and a lunch with Kim Yo Jong, the younger sister of the North Korean leader, at the presidential Blue House in Seoul.

    Kim Yo Jong flew into the South on her brother's private jet on Friday before she and other North Korean officials attended the opening ceremony of the Winter Olympics in the alpine resort town of Pyeongchang.

    Moon and Kim Yo Jong had their first face-to-face encounter at the opening ceremony. They shook hands and cheered for athletes from the two countries who marched under a unified peninsula flag for the first time in a decade.

  • Feb 10, 10:13 AM (IST)

    Deeply pained by the way Budget Session has progressed: Venkaiah Naidu

    Rajya Sabha Chairman M Venkaiah Naidu said he was "deeply disturbed" over the way there was utter disregard for the parliamentary procedure and the unruly behaviour of members during the Budget session.

    He urged members to maintain the prestige and decorum of the House and participate in constructive debates in the coming days when the House meets again on March 5.

    "I must confess that I am deeply pained at the way this session has progressed... What I am deeply disturbed with is the utter disregard for the parliamentary procedure and the unruly behaviour so unbecoming of the high position we occupy in the society as parliamentarians," he said.

    He was speaking just before Finance Minister Arun Jaitley was to give the reply on the debate on the union budget.

  • Feb 10, 10:11 AM (IST)

    Wall Street rebounds but posts worst week in two years

    US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead.

    The sharp falls of the week confirmed the market was in a correction, down more than 10 percent from a Jan. 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains.

    The S&P 500 ended the week nearly 9 percent below the all-time high set just two weeks ago.

    "I don't see any reason to think that we're setting a pattern for next week or the rest of the year," said Rob Stein, chief executive officer of Astor Investment Management in Chicago. "The only pattern we're setting is more volatility."

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