Featured National 

Tamil Nadu budget 2019-20: Here are the highlights

On Friday the deputy Chief Minister of Tamil Nadu O. Panneerselvam presented the State’s Budget for the Financial Year 2019-20 in the Tamil Nadu Assembly. Here is the few highlights of  Tamil Nadu budget: Comprehensive Integrated Parking Management project to be implemented in Chennai at a cost of Rs.2,000 crore to accommodate two lakh four wheelers and two lakh two wheelers. One Lakh Concrete houses will be built in the areas affected by Cyclone Gaja at a cost of Rs.1,700 Crore. The Budget proposes an Arts and Science College in the name of former president A…

Read More
Featured National 

RBI cuts repo rate by 25 basis points to 6.25%

The RBI monetary policy committee cut repo rate by 25 basis points to 6.25 per cent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 per cent. And the marginal standing facility (MSF) rate and the Bank Rate come down to 6.5 per cent. The six-member MPC, headed by Reserve Bank of India (RBI) governor Shaktikanta Das, also decided to change the monetary policy stance from calibrated tightening to neutral.   “On the basis of an assessment of the current and evolving macroeconomic situation at…

Read More
Featured National 

Linkage of PAN with Aadhaar is mandatory for filing I-T return: SC

Today, the Supreme Court has made the linkage of PAN with Aadhaar is mandatory for filing I-T return. A Bench comprises of Justices A.K. Sikri and S. Abdul Nazeer said the top court has already decided the matter and upheld the Section 139AA of the Income Tax Act. The direction of the court came on an appeal filed by the Centre against a Delhi High Court order allowing two people, Shreya Sen and Jayshree Satpute, to file Income Tax returns for 2018-19 without linking their Aadhaar and  PAN  numbers. The bench said in its…

Read More
gandhi-trcm Featured National 

Minimum income gurantee akin to MANREGA: Rahul Gandhi

On Wednesday, the Congress president Rahul Gandhi reiterated his poll promise that every poor in India would be guaranteed minimum income akin to employment guaranteed under the Mahatma Gandhi National Rural Employment Act.  While addressing the public meeting at the western Odisha town Rahul Gandhi said “We have taken a historic decision. People have been benefited by MANREGA. But the decision which we are taking is bigger than MGNREGA. Congress party has been working on a minimum income for all poor for five to six months.” “Prime Minister Narendra Modi said he would give Rs. 17…

Read More
sab-trcm Featured National 

Sabarimala case : “Untouchability Has Nothing To Do With Custom” says Supreme Court

Almost four months have gone when the two women of reproductive age into the Sabarimala temple. Today, The Supreme Court will begin hearing petitions seeking a review of its earlier judgement allowing the entry of women of all ages to the Sabarimala temple in Kerala. In a court judgement last September, the top court had allowed women of all age groups to enter the temple in Kerala. The review petitions had necessitated after a number of groups has expressed their displeasure over the judgement, which saw a large number of protests…

Read More
NIFTY-TRCM Business Featured 

Sensex, Nifty Close Higher For Fourth Straight Session

The BSE Sensex and NIFTY rose for the fourth session in a row but capped gains as investors turned cautious ahead of Reserve Bank of India’s three-day policy meet. The shares of HDFC Bank, IndusInd Bank and Maruti Suzuki were depreciated.The BSE Sensex rose 0.09 per cent or 34 points to 36,617 and the NSE Nifty 50 Index advanced 0.2 per cent or 22 points to 10,934. According to the reports of analysts, the Reserve Bank of India (RBI) would hold its repo rate, a surprise change of stance following the…

Read More
Business Featured National 

Reliance Communications shares plunge 48% after bankruptcy filing

Today the shares of Indias largest communication service provider  Reliance Communications Ltd has plunged over 48% in morning trade after the company has decided to opt for insolvency proceedings, following its failure to sell assets for paying back its lenders. RCom fell as much as 48.27% on BSE to Rs 6 a share intraday. At 9.40 am, the stock was trading at Rs.7.34 on BSE, down 36.7% from its previous close. In comparison, benchmark Sensex fell 0.23% to 36,386.78 points. According to the report, RCom’s USD bonds due November 2020…

Read More
seemancha_-truecumn Featured National 

Seemanchal Express derail in Bihar : 6 killed , 11 coaches Derailed

On Sunday,  early in the morning, around 4 am six passengers were killed and over 30 injured when 11 coaches of the Delhi-bound Seemanchal Express Derailed. The coaches of the superfast Jogbani-Anand Vihar Seemanchal Express jumped the rails near Sahadai Buzurg in the Sonpur Division of East Central Railway (ECR). Officials said that the superfast train Seemanchal Express from Jogbani in Bihar to Delhi’s Anand Vihar Terminal was running at 55 kilometres an hour when the accident took place. Three of the coaches overturned and high force of the impact destroyed them completely. Chief…

Read More
Mamta Banerjee Featured National 

Mamata Banerjee sits in dharna protesting CBI action against Kolkata police chief

The Kolkata Chief Minister Mamata  Banerjee on Sunday sits for dharna or a sit-down protest for 2  days in central Kolkata to “save the constitution” after a huge showdown between the police and officials of the Central Bureau of Investigation. The CBI officers wanted to question Kolkata police chief Rajeev Kumar over two Ponzi schemes, but the CBI officials who turned up at Mr Kumar’s home were taken to a local police station and allegedly detained. “There is a total constitutional breakdown. It is my job to protect my officers,” the…

Read More
Featured National 

2 Pilots Killed In Mirage 2000 Fighter Jet Crash In Bengaluru

Two Indian Air Force pilots were killed after a Mirage 2000 upgraded trainer version by Hindustan Aeronautics Limited crashed in Bengaluru on Friday morning. The pilots have been identified as Squadron Leader Sameer Abrol and Squadron Leader Siddarth Negi. The incident took place at 10.30 am. The Mirage 2000 is equipped with ‘zero-zero’ (zero speed, zero altitudes) ejection seats which enable the pilots to bail out even if the aircraft is on the ground and is not moving. It is unclear at what stage of the take-off run the fighter was…

Read More