1. ‘A win-win framework needed’
There can be a ‘win-win’ framework for resolving lingering trade issues between the U.S. and India, said Nisha Biswal, the newly appointed president of the U.S.-India Business Council (USIBC). Ms. Biswal said she would draw from her experience as a former Assistant Secretary of State for such an approach.
2. Non-finance business to drive growth of Peerless Group
Non-finance business is set to drive the future growth of the 85-year old Peerless General Finance & Investment Company Ltd. which has, over the years, marked its footprint in sectors such as hotels, hospitals and housing through wholly-owned subsidiaries and joint ventures.
PGF&I is the flagship venture of the Peerless Group which has in its fold a clutch of financial services companies and housing, hotel and hospital ventures.
3. Enabler for MSMEs eyes 21% growth
The National Small Industries Corporation (NSIC), a government enterprise that facilitates information, credit, technology and marketing for micro, small and medium enterprises (MSMEs), is looking at business to the tune of Rs. 24,000 crore this year.
4. ‘Right to privacy verdict affirms Hadiya’s rights too’
Speakers at an event to discuss the right to privacy judgment said that “The Supreme Court’s recent judgment dealing with the right to privacy further affirms Hadiya’s right as an adult to choose her own religion and husband, and the verdict by the Kerala High Court in her case could cause tremendous damage to women’s rights.”
5. Kabul will get Indian wheat via Chabahar
The move also indicates that Chabahar, which India has been developing for some years, will soon be fully operational. India had earlier sent goods through the Iranian port of Bandar Abbas in 2003 as Pakistan had not eased land access to Afghanistan.
The MEA said “The two foreign ministers welcomed the fact that this is the first shipment that would be going to Afghanistan through the Chabahar port after the Trilateral Agreement on Establishment of International Transport and Transit Corridor was signed during the visit of the Prime Minister of India to Iran in May 2016”
6. Still verifying returned high-value notes: RBI
The RBI said at least 66 Sophisticated Currency Verification and Processing (CVPS) machines were being used for counting the junked notes that were deposited with various banks post-demonetisation.
The notes deposited or collected are being verified by the central bank at its offices to establish the total number of currency bills returned and to weed out fakes.
7. Army finalises plan to modernise weapons
The Army has finalised one of its biggest procurement plans for infantry modernisation, under which a large number of light machine guns (LMGs), battle carbines and assault rifles are being purchased at a cost of nearly Rs. 40,000 crore to replace its ageing and obsolete weapons.
8. India is a messenger of world peace, says PM
Prime Minister Narendra Modi said India has always vouched for world peace, unity and harmony and its armed forces have contributed in this direction through UN missions across the globe.
He said that currently around 7,000 Indian security personnel are deployed on peacekeeping missions, making it the third highest contributor.
9. 70 Indian words added to Oxford dictionary
From endearing words like ‘Abba’ and ’Anna’ to Indian delicacies like ‘gulab jamun’ and ‘vada’ can now be found in the Oxford English Dictionary (OED).
As per the latest list of inclusions, 70 new Indian words from Telugu, Urdu, Tamil, Hindi and Gujarati languages have been added to the dictionary.
10. LIC may participate in bank recapitalisation programme
State-owned Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs).
Sources said “As part of the programme, LIC could also increase its stake in various PSBs which are required to raise Rs 58,000 crore from the capital market.”