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1.Beyond the debate, govt. accepts 65% Indians are poor
Poverty line will stand at a per capita expenditure of around Rs. 50 per day in rural areas and Rs. 62 in urban areas.
While the Opposition pillories the Planning Commission for using a formal definition of poverty that ensures the percentage of people below the poverty line is lower than what it ought to be, the government has begun moving to a broader and more realistic de facto definition that will include roughly 65 per cent of the population of India.
This notional poverty line will stand at a per capita expenditure of around Rs. 50 per day in rural areas and Rs 62 in urban areas.
The Planning Commission has estimated that subsidised foodgrain entitlements will cover 67 per cent of the population.
Please Read Full News to Get More : http://www.thehindu.com/news/national/beyond-the-debate-govt-accepts-65-indians-are-poor/article4948698.ece?homepage=true
2.Accept expert panel report on GM crops: forum
With regard to herbicide tolerant (HT) GM crops, the panel said that these would most likely exert a seriously adverse impact over time on sustainable agriculture, rural livelihoods and the environment.
Noting that that HT GM crops are completely unsuitable in the Indian context, the TEC recommended that field trials and release of HT crops not be allowed in India.
Please Read Full News to Get More :http://www.thehindu.com/news/national/accept-expert-panel-report-on-gm-crops-forum/article4949788.ece
3.INSAT-3D set for launch UPSC Current Affairs Notes
The country’s second and advanced meteorology satellite INSAT-3D will be lofted into its space orbit from the South American launch pad in Kourou in French Guiana.
According to Indian Space Research Organisation, INSAT-3D, which carries sophisticated and indigenously built devices, will “add a new dimension to weather monitoring” over the country.
Expectations are that its instruments, a sounder, an imager and a search and rescue component, will provide more accurate temperature, look closely at forest fires and aid rescue during disasters and offer neat details of cloud motions and humidity.
Please Read Full News to Get More :http://www.thehindu.com/news/national/insat3d-set-for-launch/article4949356.ece
4.ISRO gets busy with GSLV launch
IRNSS-1A — the first navigation satellite in a series of seven to be launched through 2015-16 — slides into final slot
After slotting its nine-day-old navigation satellite, the Indian Space Research Organisation (ISRO) now turns full steam on its next and high-stakes test, the flight of the Geo Synchronous Launch Vehicle (GSLV) medium-lift satellite launcher.
ISRO Chairman and Department of Space Secretary K. Radhakrishnan on Monday said the launcher, numbered GSLV-D5, was planned for launch in the second week of next month but not before August 6.
Please Read Full News to Get More : http://www.thehindu.com/sci-tech/science/isro-gets-busy-with-gslv-launch/article4898927.ece?ref=relatedNews
5.Biden pitches for expanding Indo-US trade
“Our bilateral trade has increased five-fold to touch $100 billion in last 13 years. We see tremendous opportunity and there is no reason that if our countries make the right choices trade cannot grow five-fold or more,” Mr. Biden said delivering a lecture on ‘US-India Partnership’ at the Bombay Stock Exchange.
Describing India as a “rising power”, Mr. Biden lauded its plans for future growth.
He said India had “risen exponentially” over the past decade primarily because of the “bold steps” it took in 1991 towards liberalisation.
Economic reforms, he said, helped boost India’s exports from $20 billion to $300 billion.
Mr. Biden, the first U.S. Vice President to visit India in three decades, welcomed relaxation of FDI norms in certain sectors but said a lot more needed to be done to remove trade barriers.
Please Read Full News to Get More :http://www.thehindu.com/news/national/biden-pitches-for-expanding-indous-trade/article4948886.ece
6.CJI criticises media excesses, but bats for ‘self-regulation’
External regulatory authority’ to correct the media is not the answer
Less than a week after taking over as head of the apex judiciary, Chief Justice of India P. Sathasivam plunged straight into key debates on the changing nature of the Indian media and the policy framework that should govern it.
The CJI asserted that the freedom of speech and expression, enshrined in Article 19 (1) (a) of the Constitution, was the ‘mother of all rights’. He called freedom of the press the ‘Ark of the Covenant of democracy because public criticism is essential to the working of its institutions’. A free press was a press free from ‘fear or favour, a press, which remains upright in the face of coercion or corruptive allurements’.
Please Read Full News to Get More :http://www.thehindu.com/news/national/cji-criticises-media-excesses-but-bats-for-selfregulation/article4946645.ece
7.Rupee down 21 paise against dollar in early trade
The rupee on Thursday fell by 21 paise to 59.34 against the U.S. dollar in early trade on the Interbank Foreign Exchange due to month-end demand for the U.S. currency from importers and banks amid a weak opening in the equity market.
The rupee had bounced back sharply by 63 paise to close at a one-month high of 59.13 a dollar on Wednesday, boosted by RBI’s additional measures to curb exchange rate volatility.
Please Read Full News to Get More :http://www.thehindu.com/business/markets/rupee-down-21-paise-against-dollar-in-early-trade/article4951928.ece
8.Govt to come out with ordinance to give more powers to SEBI
The Government will come out with an ordinance to provide more powers to capital market regulator SEBI to tackle fraudulent investment schemes that defraud investors.
The Union Cabinet yesterday had approved the proposal to amend the SEBI Act and other relevant regulations that would give greater powers to the regulator in its efforts to tackle all kinds of money-collection schemes, as also to effectively crackdown on defaulters in the stock markets.
In recent times, there have been many instances such as the scam perpetrated by the Kolkata-based Saradha group that allegedly defrauded money from the public.
Please Read Full News to Get More :http://www.thehindubusinessline.com/markets/govt-to-come-out-with-ordinance-to-give-more-powers-to-sebi/article4927580.ece
9.Ponzi schemes: Sebi launches 550 prosecution cases
Showing a strong will to take on the perpetrators of illegal money collection schemes, Securities and Exchange Board of India (Sebi) today said it has launched as many as 550 prosecution cases against those collecting public money in such fraudulent manner.
The government, last week, armed Sebi with greater powers to take on such fraudulent schemes and mandated the capital markets watchdog to regulate all kinds of investment schemes involving a corpus of Rs 100 crore and more.
The grant of greater powers, through an Ordinance, is expected to remove the ambiguity of regulatory jurisdiction for such schemes, as their operators often used to claim that they do not fall under Sebi’s purview.
Even before the promulgation of the Ordinance, Sebi has clamped down a number of illegal collective investment schemes in the recent months, including on entities from Saradha, MPS, Sumangal, Sai Prasad, HBN, Alchemist Infra, Maitreyi and Rose Valley groups.
Please Read Full News to Get More :http://www.thehindubusinessline.com/economy/ponzi-schemes-sebi-launches-550-prosecution-cases/article4949262.ece
10.FII investments via P-Notes hit 11-month low in June
Investments in the domestic market through participatory notes (P-Notes), a preferred route for high networth individuals (HNIs) and hedge funds from abroad, hit an 11-month low of Rs 1.47 lakh crore (about $25 billion) in June.
P-Notes, mostly used by overseas HNIs, hedge funds and other foreign institutions, allow them to invest in the Indian markets through registered Foreign Institutional Investors (FIIs), while saving on time and costs associated with direct registrations.