Author Archives: Narsing Rao Sridhar

Akhilesh Yadav Stages Soft Coup, Takes Over as Samajwadi Party Chief, Expels Amar Singh

In a swift change of events, Samajwadi Party is split in two with Akhilesh Yadav declared as party president at the national convention in Lucknow on Sunday, despite protests as “unconstitutional” by supremo Mulayam Singh Yadav and his camp. Soon after the development, SP leader Ramgopal Yadav said party founder Mulayam Singh Yadav will continue to be the “Marg Darshak” ...

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Indian Microfinance in 2016 – A Timeline

The year 2016 has been a mix of good news and bad news for the microfinance sector in India with impressive Ujjivan and Equitas IPOs and acquisitions but clouded in disarray over the demonetisation impact that triggered massive non-repayment of loans in uttar Pradesh and Maharashtra. Here is a chronology of all events in Microfinance sector in 2016:  Jan 6, ...

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How Spice Jet and Indigo Avoided Taxiing Accident in Fog?

The Airports Authority of India has issued an official communication in respect to the reports appeared in the media about the ground incident at IGI Airport on 27th December, 2016 in which near collision of taxiing Spice Jet was asked to move to Indigo stationary parking lot. The communication said: “Indigo Airlines flight No 6E-769’ from Lucknow to Delhi, after ...

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Centre Launches IVRS Platform on Call Drop

The telecom department has launched an Integrated Voice Response System (IVRS) system in Delhi, Mumbai, Punjab, UP, Uttarakhand, Maharashtra and Goa on 23rd December 2016 to elicit the opinion or views of citizens on call drops and said the IVRS system will be extended to the entire country very soon. It is part of the efforts undertaken by the Department ...

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Anil Baijal Replaces Jung as Delhi Lt Governor

The President has accepted the resignation of Najeeb Jung, as Lt. Governor of National Capital Territory of Delhi and appointed ex-bureaucrat Anil Baijal to be the next Lieutenant Governor of National Capital Territory of Delhi with effect from the date he assumes charge of his office, said a statement from the Home Ministry. As the CMD of Air India, he ...

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Agni 5 Successfully Test-Fired, What it Means?

Agni-5, the Long Range Surface-to-Surface Ballistic Missile was successfully flight tested by DRDO on Monday at 1100hrs from Dr. Abdul Kalam Island, Odisha, enabling deployment of nuclear weapons capability from a canister on a road mobile launcher. The full range test-flight of the missile has further boosted the indigenous missile capabilities and deterrence level of the country. All the Radars, ...

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Future Spacecraft Material Found, Resists 4,000 Degrees Celsius

In a path-breaking discovery ending the atmospheric challenges during escape and re-entry of space vehicles, hypersonic aircraft, supersonic aeroplanes, scientists from Imperial College London in the UK discovered that the metal hafnium carbide has a melting point that is the highest ever known that can withstand temperatures of nearly 4,000 degrees Celsius. This can prove a path-breaking discovery to manufacture ...

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Cyanogen Dead, Long Live Google Android!

Cyanogen, the original Operating Software and rival of Google Android which was installed in One Plus first series of phones has finally called it a day with the end of the year knocking. In a crypt statement, the Yanogen, the company for sales of Cyanogen said all services of CyanogenMod will cease by this year end. "As part of the ...

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900 Gas Cylinders Explode Near Bangalore

Last night two trucks of gas cylinders exploded near Chintamani village in Karnataka’s Chikkaballapura district, setting off an inferno that could not be doused off despite two fire engines strived for hours. Though no casualties were reported, one Bolero was also reportedly burnt in the worst accident that was attributed to a short circuit of battery in the night around ...

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PM’s Yearend ‘Mann Ki Baat’ Focuses on Cashless Payments, Awards

Coinciding with Christmas, PM Narendra Modi listed ‘Lucky Grahak Yojana’ for small buyers and ‘Digi Dhan Vyapaar Yojana’ for traders to encourage cashless payment economy. “To strengthen mobile banking and to inculcate the habit of making e-payments, the Government of India is launching from today encouragement schemes for consumers as well as traders. To encourage customers, the scheme is ‘Lucky ...

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DRDO Tests Successfully Smart Anti-Airfield Weapon (SAAW), Matches US Capabilities

The Defence and Research Development Organization (DRDO) has successfully flight tested the Smart Anti-Airfield Weapon (SAAW), from an Indian Air Force (IAF) aircraft to fire at ground level targets with a precision of up to 100-km range, matching the US capability to develop similar air weapons. SAAW, an indigenously designed and developed 120 kg. class smart weapon, developed by DRDO, ...

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Merck Ebola Vaccine Working: WHO

The World Health Organization (WHO) has said that an experimental Ebola vaccine has been found to be highly protective against the deadly virus in a major trial in Guinea. WHO said that an international vaccine-focussed organization, GAVI, provided $5 million to Merck, and the medical firm committed to ensure that 300,000 doses of the vaccine are available for emergency use ...

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PMGKY 2016 Deposits in Old Currency Allowed till 30th December, 2016

The Central Government has decided that up to 30.12.2016, the payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib KalyanYojana (PMGKY), can be made in Old Bank Notes of Rs. 500 and Rs.1,000 denomination issued by the RBI. The Taxation and Investment Regime for Pradhan Mantri Garib KalyanYojana (PMGKY), 2016 has commenced on 17th December, 2016 and ...

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Haj News: Govt Opens Official Trilingual Website; Apply Online From Jan 2, 2017

The government has launched a trilingual website www.haj.gov.in for Haj Matters on Tuesday in Hindi, Urdu and English to facilitate online application for Haj, besides giving information about the Ministry of Minority Affairs, Haj Department, Haj Pilgrimage, rules and regulations. It may be noted that Haj affairs are being looked after by the Ministry of Minority Affairs now, not the ...

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Microfinance Sector Under Pressure Again?

Microfinance industry has come under pressure once again after a gap of five years, bringing to the fore the reality check of actual beneficiaries under its avowed vision for a greater financial inclusion. While MFIs are vocal about their commitment to reach a wider section of population in rural areas, the unbanked or underserved urban segments, the criticism is mounting ...

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600 Delhi Policemen Search JNU for Missing Najeeb, No Clue Yet

JNU Row

Following the Delhi High Court order, about 600 Delhi Policemen and with sniffer dogs and mounted police searched on Monday two-thirds of JNU campus, hostels and residential areas looking for any trace of missing student Najeeb Ahmed who went missing on October 15, 2016. While rest of the area will be covered on Tuesday, the sniffer dogs could not trace ...

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Cyrus Mistry Bows Out of Tata Group Companies, Lists Reasons

Cyrus Mistry has finally bowed to the pressure to exit from Tata Sons on Monday, October 24, 2016 but said his legal battle will continue. Here is his statement in which he listed out his version to shareholders: “Over the last five decades my family’s steadfast support for the Tata Group has been one of guardianship. We have always ensured ...

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