[wanabidii] News Digest: Sensex descend for second week, slide 449 points

Saturday, December 24, 2016

Today's Headlines

Sensex descend for second week, slide 449 points
The BSE benchmark Sensex marked biggest loss not seen since five weeks, dropping 448.86 points to finish at 26,040.70, while the broader Nifty dipped below the psychological 8,000-level.

Arun Jaitley faces hurdles for biggest tax reform launch
Prime Minister Narendra Modi, who aims to push the tax reform to replace various central and state levies with one tax, is facing resistance from states after his surprise decision last month to scrap high-value currency notes.

Nike's poor India run continues, loss widens
Nike’s sales have fallen to Rs 764 crore in FY16 compared to Rs 803 crore in FY15, data from Registrar of Companies (RoC) showed. Its loss widened to Rs 170 crore in 2015-16 compared to a loss of Rs 101 crore in 2-014-15.

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Environment

World's last wild frankincense forests are under threat
Last intact wild frankincense forests on Earth are under threat as prices have shot up in recent years with the global appetite for essential oils. Overharvesting has led to the trees dying off faster than they can replenish, putting the ancient resin trade at risk.

Arctic heatwave could break records this Christmas
Temperatures at the North Pole could be up to 20 degrees higher than average this Christmas Eve, in what scientists say is a record-breaking heatwave, a media report said on Saturday. Forecasting models show that there is about a two per cent chance of a heatwave event occurring every year.

Winter turns disastrous for Mongolia's nomad herders
Mongolia's traditional nomads are facing a natural disaster known as “dzud”, where frigid temperatures and heavy snow cause widespread livestock deaths, threatening herders’ livelihoods. Mongolians are already struggling with an economic crisis.

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World

Egypt's prez says military accounts for 1.5-2% of economy
"It has been said that the military's economy is worth 20 or even 50 per cent of the economy. I wish. We have nothing to hide; the military accounts for between 1.5 to 2 per cent of the economy," Sisi said, adding that the military is subject to regulations and auditing.

Philippines evacuates thousands ahead of Christmas typhoon
Nock-Ten is expected to be packing winds between 203- 250 kilometres per hour when it crosses over Catanduanes, a remote island of 250,000 people in the Bicol region late on Sunday. It is then expected to hit the country's main island of Luzon, including the capital Manila, on Monday.

Canine passenger gets loose, shot dead on South Korea runway
A South Korean airport official said Saturday that airport staff shot and killed a dog belonging to a Thai Airways passenger after it got loose before being boarded onto a plane and ran onto a busy runway.

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Science

ISRO to launch world's first rocket with 3 rovers to moon in 2017

Ebola vaccine shows 100% results in trial
The vaccine has not yet been approved by any regulatory authority, but it is considered so effective that an emergency stockpile of 300,000 doses has already been created for use should an outbreak flare up again.

Too many second rate journals, plagiarism are concerns: CNR Rao

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Technology

Two biggest 'enemies' of PM Modi's cashless economy push
When it comes to cybercrime, India ranks 6th in the world. The incidence of cybercrime in the country has doubled in just one year.

RJio's free services may end on Dec 31, here's why
Bharti Airtel today moved telecom dispute tribunal TDSAT against TRAI allowing Mukesh Ambani-led Reliance Jio to continue free promotional offer beyond stipulated 90 days, charging the regulator of being a "mute spectator" to violations.

Reliance Jio user base to shrink once services become paid: Fitch Ratings
Riding on the free voice and data offers, Reliance Jio Infocomm's subscriber base may touch 100 million by March 2017 end said Nitin Soni, Director at Fitch Ratings. However, it may even shrink once the telecom operator starts charging its customers, he added.

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Education

IIT-Kharagpur to slash fee hike by half
Indian Institute of Technology-Kharagpur looked poised to slash the proposed hike in registration fees for MTech and PhD scholars by half following unprecedented protests at the institute for over a week.

New IITs have better faculty-student ratio
Despite their more comfortable situation at the moment, the newer IITs are not slackening pace.

IITs seek review of fee concessions for special category students
The cost incurred on such students is "adversely affecting the financial viability of the institutions and eroding their corpus funds", IITs said in a report.

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Mumbai

Sanjay Nirupam alleges 'house arrest' ahead of Congress's 'silent' morcha
"The area outside my house is under heavy police bandobast and I am being prevented from stepping out," Nirupam told PTI alleging that "in the present democratic set up Opposition leaders are being virtually kept under house-arrest."

Zaveri Bazaar traders under radar for selling dollars and gold for old notes worth 70 crore
Offices of Manoj Punamiya and Puneet Punamiya of Balaji Bullion and Sanjay Jain of Aabhushan were raided last Saturday after ED detected unusual flow of funds into two accounts run by the three traders at the Zaveri Bazaar branch of The Union Bank of India.

Shivaji memorial foundation ceremony not a BJP function: Shiv Sena

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Delhi

Arvind Kejriwal gets bail in false affidavit case

52 trains delayed, one cancelled due to fog in Delhi
Fifty-two trains were delayed and one other was cancelled on Saturday due to fog in most parts of north India, a railway official said.

Can't ground plane that flew with Rs 3.5 crore from Hisar: HC

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Bangalore

Teen murder case: Another minor held

I-T department, ED check co-operative banks for deposits over Rs 25 lakh

Karnataka wanted the test in English, says Ananth Kumar

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Hyderabad

Tirupati to host economic meet before grand science conclave

2,500km Telangana roads may be developed as National Highways

Four localities across Old City wallow in strewn filth, battered roads

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Chennai

Girl falls off building terrace on 21st birthday, dies

After I-T raids, former Tamil Nadu chief secretary admitted to hospital
Hospital sources confirmed that he was admitted to the intensive care unit as he felt “discomfort.” However, they refused to divulge more details.

New consumer forum president takes charge

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Ahmedabad

NSUI questions Gujarat University over student senate elections
Student representatives of the NSUI questioned officials of Gujarat University about their not declaring dates for the student senate elections and for those of the welfare board. The student senate elections for Gujarat University, which were scheduled for January 9 were postponed earlier this month, as the two varsity officials appointed as election officers resigned.

Defence industry takes aim for Gujarat
Gujarat is arming itself to make a mark on country's defence manufacturing map. The state has been granted 18 out of 99 industrial licenses for pvt firms to set up units for defence related items. The government has also unveiled aerospace and defence policy with a host of incentives and tax sops.

Rs 40,000 gone in 20 minutes!
Post-demonetization, Vidhyanand Ghosh, a senior citizen, asked his son to get him a debit card so that he doesn’t feel out of sync with the mainstream, and join the country’s march towards cashless transactions.

More Ahmedabad News»

Allahabad

Government begins process to give school bags

Government can take shrine land for public use: High Court
The Allahabad high court held on Friday that the government can acquire land where religious prayers are held and convert it for the "benefit of the public at large".

Hectic buying for Christmas in market
At a time when Allahabadies are making last minute preparations for making their Christmas celebrations special, markets of the Sangam city are buzzing with hectic activities. Among various items, Santa gown and accessories that goes with the dress, are the most sought item.

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Bhubaneswar

'Odia NEET will have few takers'
The BJP and the BJD have joined a political slugfest on why Odia was not made a medium of National Eligibility Cum Entrance Test for undergraduate medical admissions (NEET-UG).

Reds kill deeputy sarpanch's hubby
Opposing a road construction work, Maoists murdered the husband of a naib sarpanch in Koraput district and torched four vehicles engaged in road construction activities on Thursday midnight.

Cops in Kandhamal on alert for Xmas
Around 30 platoons of armed forces and 30 police officers have been deployed in the communally-sensitive Kandhamal district for Christmas. Besides, 30 police officers and several DSP-ranked officers are also on duty in the district, said SP (Kandhamal) Pinak Mishra.

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Bhopal

Dental students to hold protest rally
A day after locking main gate of their colleges, the dental students have decided to organise a protest rally from Raj Bhawan to CM House on Monday.

District Congress seeks CBI probe in Vaswani's property deals

Chasing a kite, boy falls to death from building
A 13-year-old student of class 7 died after falling off a building while trying to loot a kite near Indrapuri Labour Colony here on Thursday.A case was later registered at Piplani police station.

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Chandigarh

Sex ratio inHaryana improving: Anil Vij

No relief for Mullana from HC

HC notice to I&B ministry, Punjab over 'vulgar' lyrics

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