[wanabidii] News Digest: Mutual funds approach Sebi with 50 NFO proposals

		THE TIMES OF INDIA
		Thursday, March 26, 2015
		Today's Headlines

		Business
		Mutual funds approach Sebi with 50 NFO proposals Aiming to tap into the upbeat investor sentiment, mutual fund houses have filed draft papers with market regulator Sebi to launch over 50 New Fund Offers. SBI to dilute its stake in general insurance venture State Bank of India (SBI) on Thursday said it will dilute its stake in its general insurance venture SBI General to 49 percent in favour of its foreign partner, with the enactment of insurance legislation. Understanding FMP and its benefits Investors looking for a debt exposure in their portfolio generally opt for traditional debt instruments like Bank FDs (Fixed Deposits), Bonds, NSC (National Savings Certificates), Post Office, etc. Very few investors are aware that these are not the most tax-efficient investment avenues. More Business News»

		Environment
		'Ice vault' idea to keep climate's time capsule intact Learning more about the past through examining the glaciers could help us predict how our planet will respond when global warming kicks into higher gear - just decades from now, if predictions are right. Delhi HC seeks Centre's action plan to curb air pollution Observing that air pollution in the national capital was "terrible", Delhi High Court today directed the Centre as well as an amicus curiae to prepare an action plan with suggestions to address the issue. Centre mulls giving 90 per cent afforestation fund to states In a bid to boost afforestation activities, the Centre is mulling to hand over 90 per cent of the Rs 36,000 crore compensatory afforestation management fund directly to all the states, Union minister Prakash Javadekar said. More Environment News»

		World
		China wants to control South China Sea: Philippines The Philippines accused China on Thursday of seeking to take control of nearly the entire South China Sea with an expansionist agenda dominated by "massive reclamation" works. Sri Lanka's Sirisena meets China's Xi Jinping Sri Lanka's new president held talks Thursday with Chinese leader Xi Jinping amid a push to recalibrate his predecessor's strongly pro-China policies and a review of major Chinese projects in the island nation. 14 dead in scaffolding collapse at Vietnam steel plant At least 14 workers were killed and dozens injured after scaffolding collapsed at a steel plant in central Vietnam. More World News»

		Science
		Why diabetes drug makes people fat Medication used to treat patients with Type II diabetes activates sensors on brain cells that increase hunger, causing people to gain more body fat, new research has found. New Ebola vaccine found safe in early human trials A new Ebola vaccine has been found to be safe in the first phase one trial based on the 2014 strain of the virus. Energy from rivers to heat UK homes More than one million homes across Britain could be heated using green Scandinavian-style technology that takes heat from nearby rivers and canals and pumps it into the home, the government will announce soon. More Science News»

		Technology
		Review: The super-sleek octa-core UMI Zero smartphone Zero features premium materials, a Samsung Super AMOLED display and sleek form factor. 6 best wireless headphones for watching TV If you still want great sound pumped up to your ear without disturbing anyone else, you may want to think about going wireless. 30 tech skills that will get you $110,000-plus salary IT seems to be a lucrative career option offering of high-paying jobs. More Technology News»

		Education
		The strange case of 5 Rajasthan teachers' training colleges It appears as if the important field of teachers' training — focus of several Supreme Court orders and a Court appointed Commission — continues to be stuck in a swamp of bureaucratic shenanigans and misuse of regulatory powers. Only 29% of seats for weaker sections filled under RTE in 5 years In last five years the Right to Education Act's key provision of providing 25% reservation to disadvantaged children has been poorly implemented with only 29% of the 21.4 lakh seats reserved for them getting filled. Delhi fares well in economically weaker sections admission Delhi can give itself a small pat on the back. Though there is still much ground to be covered, the implementation of the Right to Education Act’s Section 12(1)(c), which requires private-unaided schools to reserve 25% seats for kids from economically weaker sections (EWS) and disadvantaged groups (DG), has been most successful in Delhi. More Education News»

		Mumbai
		Annu Kapoor, Paresh Rawal and Naseeruddin Shah at the trailer launch of Dharam Sankat Mein The trailer launch of Dharam Sankat Mein saw cast members Naseeruddin Shah, Paresh Rawal and Annu Kapoor, all sporting quirky sunglasses. Celebrities attend the premiere show of Mera Woh Matlab Nahi Tha in Mumbai The premiere show of Mera Woh Matlab Nahi Tha, starring actors Neena Gupta and Anupam Kher, had the audience giving them a long standing ovation at the end. Tax relief for kidney ailment medicines The state government will waive taxes on medicines for dialysis and kidney-related treatment. More Mumbai News»

		Delhi
		Man jumps before Delhi Metro train, dies An unidentified man committed suicide by jumping before a Delhi Metro train on Thursday, police said. 'Don't shield VIPs from water crisis' From now on, VIPs will have to face water shortage along with the common man. DERC chief summoned to assembly Delhi Electricity Regulatory Commission chairman P D Sudhakar will be summoned to the next Delhi assembly session which is likely to take place at the end of May or the beginning of June. More Delhi News»

		Bangalore
		BWSSB water inspector caught for bribe A water inspector attached to Bangalore Water Supply and Sewerage Board (BWSSB) was caught by Lokayukta police on Wednesday, when he was allegedly taking Rs 5000 as bribe to a new building in HSR Layout of Bengaluru south east. Platform visit costlier than 20km train ride Starting April 1, Rs 10 will get you entry to any Bengaluru City railway platform, while Rs 5 will take you to Malleswaram, Cantonment or Nayandahalli stations. CM on stage, ace historian is pushed around Eminent historian and scholar M Chidananda Murthy, 84, was pushed around, shoved and evicted right under the nose of chief minister Siddaramaiah here on Wednesday afternoon. More Bangalore News»

		Hyderabad
		The Imam and his Soliloquy It is a Friday afternoon. A khateeb of a mosque addresses a large gathering before the prayers. Elahe Hiptoola hosts a party at Fusion 9 in Hyderabad Elahe Hiptoola hosts a party at Fusion 9 in Hyderabad Party at Aqua, The Park, in Hyderabad Party at Aqua, The Park, in Hyderabad More Hyderabad News»

		Chennai
		Youth cuts tongue for India's victory in Cricket World Cup semifinal against Australia A cricket crazy youth in Tamil Nadu cut his tongue on Thursday seeking the ‘intervention of gods’ to make India win the World Cup semifinal match against Australia. Urban areas to get infra push, Rs 400cr for smart city projects The rapid growth of urban areas continues to pose a challenge, which the government has finally acknowledged. No taxes but no cuts on spending Tamil Nadu's revenue deficit is expected to rise by 30%--from Rs 3,537 crore to Rs 4,616 crore--in the financial year, the state budget presented in the assembly on Wednesday said. More Chennai News»

		Ahmedabad
		Betting racket: Probe begins into Gujarat police role The anti corruption bureau (ACB) has started a preliminary inquiry into the alleged involvement of Gujarat police officials in the Rs 4,000 crore international cricket betting racket unearthed by the Enforcement Directorate (ED) in Vadodara district last week. Naroda Patia survivors ask CJ to change appeals bench Survivors of the Naroda Patia massacre approached Gujarat high court acting Chief Justice V M Sahai on Wednesday to request him to shift the case from the bench of Justices Ravi Tripathi and R D Kothari. Cops to launch app to make autos safer One of the biggest apprehensions of the passengers taking autos from places such as railway stations and bus depots is the credentials of the auto as there is no way out to ascertain whether the driver is involved in any crimes earlier or whether he has a legal badge to ply. More Ahmedabad News»

		Allahabad
		Snag orphans 'fire-fighter'; Rs 6.5cr hi-tech machine caught in red tapism The fire department’s Rs 6.5 crore, Hydraulic Platform, from Italy, sourced to douse flames in buildings have more than 30mts height, is lying defunct since February due to red tape. Beauticians decorate goddess statue in Allahabad temple A 132-year-old ‘shaktipeeth’ in the city has employed a team of women beauticians for daily ‘shringar’ of Goddess Durga. Since the beginning of Navratri on Saturday, the beauticians are decorating the various manifestations of the goddess as per Vedic rituals. Thieves dig 90-metre tunnel, steal Rs 2Cr worth IOC diesel Thieves dug up a 90-metre tunnel and stole diesel worth Rs 2 crore from Indian Oil Corporation’s (IOC) Barauni-Kanpur pipeline under Manda police station between February 16 and March 18. While the pipeline was targeted at least seven times, the falling pressure of diesel flow prompted the IOC officials to set up and enquiry and an FIR was lodged on March 21. More Allahabad News»

		Bhubaneswar
		PM asks chief secy to speed up IOCL project As part of his effort to expedite implementation of different centrally-sponsored programmes, Prime Minister Narendra Modi on Wednesday spoke to chief secretary G C Pati through video-conferencing for speedy commissioning of Haldia-Paradip pipeline of IOCL. AT Group fraud: HC asks ex-govt advocate to appear before CBI The Orissa high court on Wednesday asked former additional government advocate Debashis Panda to depose before the CBI on April 2 and cooperate with the agency in the probe into AT Group fraud. City police under lens for 2010 rape video clip Role of police has come under scanner as they allegedly overlooked a serious offence, relating to circulation of a ‘rape’ video clip in the city in 2010. More Bhubaneswar News»

		Bhopal
		Rape & murder of girl: Court delivers life term to accused District court on Tuesday delivered life sentence to a man accused of rape and murder of 12-year-old girl of the city in February last year.Accused Golu Kushwaha, 24, was auto-driver by profession. Minor whisked off in van, found at Kaliasot dam A 4-year-old girl, who was standing with mother outside her modest house in Kolar area on Wednesday morning, was kidnapped by bundling her in a van. NGT seeks clarity from MoEF on land levelling misuse National Green Tribunal (NGT) has sought response from Union ministry of environment and forests (MoEF) after it came to light that illegal mining is being carried out in garb of levelling of land in parts of state. More Bhopal News»

		Chandigarh
		Centre may bring another ordinance on land acquisition: Birender Amid logjam over the land acquisition bill, Union minister of rural development Birender Singh on Wednesday indicated that Centre may re-promulgate ordinance as the previous order would lapse on April 5. Regional teams to look into VAT refund irregularities Taking cognizance of a report of the Lokayukta regarding irregularities amounting to Rs 10,500 crore for refund of value added tax, Haryana government decided to constitute region-specific assessment (RSA) teams so that the matter could be examined thoroughly and action be initiated against guilty officers according to rules. Jat leaders to meet PM today to seek quota for community again To press their demand for restoration of reservation to the community members, Haryana's top Jat leaders would meet Prime Minister Narendra Modi in New Delhi on Thursday. More Chandigarh News»

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