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Government has formulated two schemes to construct housing for middle class and lower middle class: Modi 07:53 PM Law will take its course for illegal wealth holders, but the government's priority is that the honest should be protected and their difficulties are reduced: Modi 07:52 PM When policies are formulated with aims, they have long-term benefits: Modi 07:51 PM No corrupt official, banker will be spared: Modi 07:51 PM A balance has to be brought between cash in the system and being cashless: Modi 07:50 PM Indian economy and cash circulation disproportionately higher than similar sized economies which had led to price rise: Modi 07:50 PM All concerned directed to restore normalcy in banking system, particularly in rural and far flung areas, to end difficulties of people: Modi 07:50 PM People had to queue to withdraw own money but they don't want to be even a step behind in fight against corruption, blac

PM launches app named after Dalit icon BR Ambedkar Latest News   : With 50 days of note ban “pain” that Prime Minister Narendra Modihad sought from the people having expired, he appealed for greater numbers to switch to digital transactions on Friday. Narendra Modi   said the note ban decision and digital transactions could usher in India’s golden age, that India would again become the ‘sone ki chidiya’, the proverbial golden bird that signified its wealth. He said note ban was evidence of his commitment to uplifting the poor, and claimed how divine intervention has supported his cause. Modi said the monetary gains from note ban will be used for welfare of the poor. At an event to distribute cash awards to people who have used digital transactions at the DigiDhan Mela at Talkatora Stadium, the PM appealed to people to carry out five digital transactions from 1 January, 2017. He also launched an app called ‘Bhim’, named after the architect of Constitution of India Bhim Rao

Breaking News   - The government might receive Rs 5,500 crore as tax by those declaring hitherto undisclosed in the amnesty scheme that closes next March. The government received Rs 6,800 crore as tax in a scheme that ended in September, lower than the initially expected Rs 7,500 crore. Those declaring unaccounted wealth till September were allowed to pay 25% of the tax amount in two installments by November 30 and March 31 and 50% in a third installment by September 30, 2017. Many evaders paid the entire tax due by using   demonetisation Rs 500 and Rs 1,000 notes, an official said. “Many people have overpaid the first instalment. Some have even paid the full amount due, while others have paid 50% or 70%. They used this as an opportunity to discard their old notes,” the official added. Those declaring undisclosed income in the previous scheme had to pay 45% of the declared amount as taxes, penalty and surcharge. Although the government earlier said it had verified disclosur

After a roller-coaster year, Indian indices set to end 2016 with little gains Breaking News   - The year 2016, indeed, has been a year of many surprises. From Britain’s unexpected vote to exit the European Union to Republican candidate Donald Trump’s upset victory in the US Presidential election, from Raghuram Rajan’s decision of not seeking a second term as the Reserve Bank of India (RBI) governor to India’s sudden surgical strike on Pakistan – the Indian stock market dealt with all these shocks through   Markets 2016 . The biggest of them all, however, was the government’s call towards the end of the year to demonetise Rs 500 and Rs 1,000 currency notes. After 12 months of a roller-coaster ride, the market now seems poised to end the calendar year at almost the same level as at the start of 2016. As at close on Tuesday, the BSE benchmark Sensex was merely 96 points, or 0.4%, higher at 26,213.44, and the broader National Stock Exchange Nifty was up 86 points, or 1%, at 8,032.8

Breaking News   - In an effort to expand its market to Southeast Asia, technology giant   Apple   has partnered with Taiwanese electronics major Foxconn, media reports said. According to a report on DigiTimes on Monday that cited a Chinese-language Economic Daily News report, Apple is expected to begin constructing two new Research and Development centres in Asia in 2017 located in Indonesia and Shenzhen, China. Foxconn has already been working with local Indonesian brand vendors Luna and Huawei for few years. It is believed that Indonesia will witness a rise in demand for 4G smartphones in 2017 as the government will push policies to encourage citizens to upgrade from 2G to 4G services.( Read More )

The Boeing aircraft veered 250 metres off the runway and its nose gear collapsed A snag in nose wheel steering or a pilot error may have led to the veering of   Jet Airways Accident   Mumbai-bound Boeing 737 flight at Goa airport on Tuesday morning. The incident took place at 4.45 am when the aircraft carrying 154 passengers and seven crew was lining up for take off at the runway. Ten passengers were hurt during evacuation. An investigation is underway to find the reasons behind the incident. Investigators will check the aircraft digital flight data recorder to know the cause. Investigators will also check runway surface conditions and the work patterns of the pilots. The Boeing aircraft veered 250 metres off the runway and its nose gear collapsed after getting bigger down in soft ground. Human error may have led to the incident.   Breaking News   An incorrect application of take off go around thrust (TOGA) can lead to runway excursions. "If the switch is pressed a

The Aamir Khan-starrer clocked Rs 30 crore on its opening day in India Disney India’s latest release   Breaking News   :   Dangal   has clocked Rs 29.8 crore on opening in India, thanks to the Christmas weekend. The film, directed by Nitesh Tiwari, is the story of wrestlers Geeta and Babita Phogat (played by Sanya Malhotra and Fatima Sana Shaikh) and their relationship with their father, also a wrestler, Mahavir Singh Phogat(played by Aamir Khan). Dangal   was released across 4,300 screens in India on Friday, followed by its overseas release in the US, Gulf and the UK on Wednesday. The opening trend in India is in line with the global one, as it collected close to a million dollars from the UK, the US and Gulf market on its opening day. Occupancy rates on Friday were healthy and collections are expected to jump by 25 to 30% on Saturday, and sustain the growth on Sunday. By trade estimates, the film should cross Rs 100 crore in the first three days, in India only. Western te

Breaking News   : Dismissing the criticism of frequent changes in rules after demonetisation, Prime Minister Narendra Modi on Sunday alleged that those who cannot endorse corruption and black money openly are relentlessly finding fault with his government. He vowed to take forward the fight against unaccounted money and corruption by implementing a strong law against benami properties. “I assure you this is just the beginning in our fight against corruption. We have to win this war. There is no question of stopping... there is no question of retreat,” said   Narendra Modi , under sharp attack from the Opposition over demonetisation, with Congress Vice-President Rahul Gandhi levelling allegations of “personal corruption” against him. In his last monthly address this year in the Mann ki Baat programme, Modi defended the changes in the rules related to deposits and withdrawals, saying these have been done to reduce people’s problems and defeat the forces which are out to thwart hi

Dangal wants to have the best of both drama and reality, but ends up being stranded in no man's land Breaking News   : It’s not often that the opening credits of a Bollywood film make you smile. Quite early in Dangal, when the names of different production members come on screen, at one point, we see the credit ‘wrestling coordinator’. The name under it is Kripa Shankar Bishnoi, followed by Arjuna Award in brackets. Bishnoi, a coach of the Indian women’s wrestling team, trained Aamir Khan and other actors for the film. It’s heartening to know that Dangal — a film centred on wrestling, detailing the struggles of Indian wrestlers – cares about a real-life wrestler, too, taking an extra step to highlight his achievement. This gesture’s all the more important, because in a country like India, recognition in a sport, other than cricket, is hard to come. Dangal Movie Review   cares about the world it’s set in, achieving much by trying little. When Mahavir Singh Phogat (Khan), a f

Batsman Rohit Sharma and all-rounder Ravindra Jadeja were named in ICC's ODI team of the year Breaking News   : India's premier off-spinner Ravichandran Ashwin on Thursday was named the International Cricket Council's (ICC) Cricketer of the Year, while Test skipper Virat Kohli was chosen to lead the ODI Team of the Year. Ashwin was the only Indian in ICC's Test Team of the Year and was also named the Test Cricketer of the Year. Batsman Rohit Sharma and all-rounder Ravindra Jadeja were named in the ODI team. Pakistan captain Misbah-Ul-Haq won the ICC Spirit of Cricket Award, becoming the first player of his country to win the award. South Africa's Quinton de Kock was selected the ODICricketer of the Year. Afghanistan's Mohammad Shahzad was named the ICCAssociate Cricketer of the Year while the West Indies all-rounder Carlos Brathwaite won the T20 International Performance of the Year. Bangladesh pace sensation Mustafizur Rahman was given the Emerg

Spinner Jadeja was the hero of the day as he returned exceptional figures of 7/48 to spell doom for England India pulled the curtains down on England's winter of discontent in the manner befitting their dominance as the hosts clinched the five-match series 4-0 with an innings and 75-run victory in the fifth and final cricket Test here on Tuesday. Spinner   Ravindra Jadeja   was the hero of the day as he returned exceptional figures of 7/48 to spell doom for England. Jadeja's effort deserves special mention as he shone on a pitch where there were no demons. However, triple-centurion Karun Nair walked away with the   Man of the Match award for his unbeaten 303-run knock that set the tone for the victory. In the process of winning their ninth match of the year to stretch an unbeaten run to 18, the hosts wrote and rewrote a plethora of records, including notching up their biggest-ever series victory over England. Their previous best was the 3-0 verdict under Mohammed