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Union Government Announces Implementing OROP, Effective from July 1, 2014

Modi government has accepted the demands of the agitating ex-servicemen and announced to implement One Rank One Pension (OROP) scheme. Defence Minister Manohar Parrikar made the announcement at a press conference today evening and said that his government will implement OROP despite additional fiscal burden (estimated Rs. 8,000-10,000 crore)”, owing to fulfillment of its commitment made before 2014 Lok Sabha election. While the OROP scheme will be effective from July 1, 2014, base year for arrear calculation will be 2013. Pension revision will be done after every 5 years. However, Major General (Retired) Satbir Singh, on behalf of the agitating ex-servicemen, said that they are “not fully satisfied”.

PM Modi Greets Nation on Teacher's Day and Krishna Janmashtami

Prime Minister Narendra Modi today greeted the nation, through his Twitter handle, on both Teacher’s Day and Janmashtami. First he paid his tribute to Dr. Sarvepalli Radhakrishnan, a great scholar, the first Vice President and second President of India. Teacher’s Day is celebrated on September 5 in India to commemorate Dr. Radhakrishnan’s birthday. PM Modi, on this occasion also saluted and greeted the teaching community. He also wished the nation prosperity and happiness on the occasion of Krishna Janmashtami festival. Prime Minister today visited Bodhgaya, the holiest shrine of Buddhism, for attending concluding ceremony of international Buddhist conclave. He also prayed at 1,500 year old Mahabodhi temple there. PM Modi announced his government’s eagerness to develop the place as “spiritual capital of the Buddhist world” and went on to call the country “Buddhist India”.  

Teachers play big role in students' life: Modi

Prime Minister Narendra Modi said teachers play a big role in students' life and added that being a teacher is not like any other career. "Being a teacher is not like any other career. It is something different. I bow to all the teachers. It is the teachers who make the generations," he said a day ahead of the Teachers' Day. He said "a teacher can never retire" and added they have a great responsibility towards shaping the future of children. Source: IANS

Finance Ministry shifts Focus of Jan Dhan Yojana from Opening New Accounts to Cash-Out Facilities

A Finance Ministry statement has revealed that the central government has shifted its focus from opening new bank accounts to cash-out facility under Pradhan Mantri Jan Dhan Yojana (PMJDY). The report says that out of the total 18 crore Jan Dhan accounts opened, 1.65 lakh account holders have availed overdraft facility. It is reported that the government has mobilized over Rs. 22,000 crore under the PMJDY scheme along with issuance of 15.74 crore Rupay debit cards. Till September 1, 2015, around 1,64,962 Jan Dhan account holders availed overdraft facility. Government has asked banks to provide overdraft facility up to a maximum of Rs. 5,000 to PMJDY account holders.

RBI to Issue Rs. 5 denomination to Commemorate 65-years of Indo-Pak War

The RBI will circulate Rs. 5 coins to commemorate 50 years of Indo-Pak War. RBI said in a release that the coins will be a legal tender as provided in the Coinage Act 2011. The new coin will have Lion Capital o Ashoka Pillar on one side and image of Amar Jawan on the other.

Cipla to acquire two US firms for $550 mn

India-based global pharmaceutical major Cipla has said its Britain arm - Cipla EU - has entered into definitive agreements to completely acquire two US based companies -- InvaGen Pharmaceuticals and Exelan Pharmaceuticals -- for $550 mn. The combined revenue from these transactions is over $200 million for the year ended December 2014 and over $225 million for the period July 2014 to June 2015. Source: IANS

TRAI proposes Telecom Service Providers must Compensate Users for Call Drops

Telecom Regulatory Authority of India (TRAI) has mooted a proposal according to which the telecom companies would need to compensate its mobile customers for poor service quality including call drop. TRAI’s consultation paper, seeking public view, has proposed extending crediting talk-time/money or not charging consumers for dropped calls. TRAI Chairman R S Sharma has said that consumers should be directly compensated for drop calls. The reaction comes days after PM Narendra Modi expressed concern on the issue. Reports say that the proposal includes no charging of money by a telecom company when call drops within 5 seconds.

Indian-origin duo's app to revolutionise banking industry

A mobile app launched by Indian-American banker Jay Sidhu and his daughter Luvleen can revolutionise the global banking industry, a media report said. Sidhu, who is the chairman and CEO of US-based Customers Bank, and his daughter, presented details of their app called BankMobile at an event of Greater Reading Chamber of Commerce and Industry in downtown Reading this week, reported. Source: IANS

Indonesia to launch satellite from India

Indonesia is set to launch a locally made satellite from India on September 27, a media report said.The LAPAN A2/Orari satellite was produced entirely in Indonesia by the National Institute of Aeronautics and Space (LAPAN) in 2012. It is a successor to LAPAN A1/Tubsat, which was launched in India in 2007, The Jakarta Post reported. “Today, I’m officially sending off the LAPAN A2/Orari satellite,” said President Joko Widodo during the launch ceremony. Source: IANS

Joshana Chinappa enters Semi-Final of NSCI Open JSW Indian Squash Circuit

Indian squash team had a mixed day of success at US$ 15,000 NSCI Open JSW Indian Squash Circuit on Friday. While Joshana Chinappa (Women’s national squash champion) advanced to the semis in the women’s segment, Harinderpal Sandhu (Men’s national squash champion) lost the quarter-final match. Number 3 seed Joshana won the women’s quarters by defeating Hong Kong's Lee Ka 11-5 11-7 9-11 11-2. It took Chinappa 36 minutes to beat her rival. However, Harinderpal Sandhu was unsuccessful in defeating his English rival Adrian Waller. Waller’s amazing performance helped him snatch the match from Sandhu in straight sets (11-6 11-9 11-6) in just 40 minutes.  

JFI chief Mukesh nominated as international judo body director

Judo Federation of India (JFI) president Mukesh Kumar has been nominated as director in the International Judo Federation (IJF) Coordination Committee of Directors by the executive committee. The main role of the coordination committee of directors is to promote and implement the IJF strategy and judo values. Mukesh Kumar is also the general secretary of the Judo Union of Asia (JUA). Source: IANS

Golfer Sharmila claims first title of 2015

Overnight leader Shamila Nicollet carded 1 under 71 on the final day of the Rs.6 lakh 15th leg of Hero Women's Professional Golf Tour at the Jaypee Greens to claim her first title this season. Amandeep Drall finished with a total score of 215 to take second position, three strokes behind Sharmila. The tour now moves to the historic Delhi Golf Club for the 16th leg which will be played from September 9 to 11. The tour comprises 19 legs spanning across India. Source: IANS

PM releases digital audio CDs of Ramcharitmanas

Prime Minister Narendra Modi has released a digital version of epic Ramcharitmanas, a set of digital audio compact discs produced by All India Radio. "The strength of Akashvani is immense and I fully understand it. I remember learning about the Pokhran (nuclear) tests of 1998 through a tea seller in Himachal Pradesh, who heard it on the radio. He told me very happily that Atal (Bihari Vajpayee) ji has tested the bomb," Modi said. Source: IANS

India to host 2018 Theatre Olympics

India will host the 2018 edition of the Theatre Olympics, an official announced on 24 August 2015. "India has been given the right to host the 2018 edition," said National School of Drama (NSD) director Waman Kendre during the inauguration of a five-day festival of northeastern plays, "Poorvotta Rashtriya Rang Manch". NSD chairman Ratan Thiyam returned to India on Sunday after attending a meeting in the Netherlands where the decision was taken. Source: IANS

Malayalam actor Paravoor Bharathan is dead

Malayalam actor Paravoor Bharathan, who acted in nearly 300 regional films, died on 18 August 2015 at his home near here in Kerala, family sources said. He was 86 and was ailing for a while. Although he began his career in the late 1940s in drama, he first appeared in films in 1951 and till 2009 was an integral part of the film industry. He had been suffering from age-related ailments since 2009. Source: IANS

Delhi HC allows Permanent Commissioning of Women in Indian Navy

Delhi high Court in a landmark judgement has observed that progress of women can’t be blocked through biasness in terms of service and sexism. This judgement allowed permanent commissioning of women in Indian service. Indian Navy till now allowed Short Service Commission (14 years of service) for women officers only. While listening to the petition of multiple serving as well as retired naval women officers, Delhi HC bench of Najmi Waziri and Kailash Gambhir also allowed pension for women officers. In fact, it was back in 2010, when HC granted permanent commissioning of women in Indian Army and Air Force.

PM to inaugurate Delhi-Faridabad Metro line on Sunday

Residents of Haryana's Faridabad city will be able to enjoy the Delhi Metro services with Prime Minister Narendra Modi scheduled to inaugurate the Badarpur to Escorts Mujesar (Faridabad) line.  The extension of Delhi Metro till Faridabad, an industrial hub in Haryana, will ease commuting between both cities. Nearly 200,000 people travel between both cities daily, clogging the connecting roads, a Haryana government spokesman said. Source: IANS

Ola taxi driver held on charges of molesting Finnish girl

An Ola cab driver was arrested on Friday for allegedly molesting a Finnish girl, Rajasthan Police said.The girl, who was working as an intern in a company, filed the complaint at Shastri Nagar police station here in the afternoon, alleging that the driver of the cab tried to molest her while she was travelling from a hotel to the paying guest accommodation where she resides. Source: IANS