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Jethmalani supports OROP, slams Jaitley

Former BJP leader Ram Jethmalani has visited the ex-servicemen protesting here seeking One Rank One Pension (OROP) and launched a sharp attack on Finance Minister Arun Jaitley. Saying he was there to support the veterans, Jethmalani said the finance minister was an "enemy" of the veterans as well as the nation. "Throughout the campaign (for Lok Sabha election), I went round the country and said Modi is a gift of god. I am ashamed to say that Modi has frustrated my dream, and every day I get more and more evidence that he has no intention of fulfilling this promise," Jethmalani said. Source: IANS

Don't commit suicide over special status: Andhra CM

Andhra Pradesh Chief Minister N. Chandrababu Naidu has appealed to people not to be driven by emotion and commit suicide over the issue of special status to the state. He said that his government was making all efforts to get justice to the state. The Andhra assembly has passed a condolence resolution mourning those who committed suicide over the delay in the award of special status to the state. Source: IANS

EC yet to decide on Reang refugees' inclusion in Mizoram voter list

The Election Commission is yet to decide whether Mizoram's Reang tribals, who have been living in relief camps in Tripura for the past 18 years, should be included in Mizoram's electoral list or not, an official said. Around 31,300 Reang tribals, who locally call themselves "Bru", have been living in seven makeshift camps in northern Tripura since October 1997 when they fled Mizoram after ethnic troubles following the killing of a Mizo officer. Source: IANS

RBI Governor Raghuram Rajan hints at yet another Rate Cut Ahead

RBI Governor Raghuram Rajan has raised hopes of India Inc as he hinted on another round of rate cut this year by saying India’s apex bank is still under “accommodative mode”. However, he also added that the final decision of any rate cut will be undertaken only after inflation data and other macroeconomic economic factors. While speaking at Jackson Hole economic symposium of the Kansas City Federal Reserve, Rajan said that government of India and RBI have reached a consensus of setting up Monetary Policy Committee, a highly empowered panel for setting rates. However, he also cautioned US Federal Reserves against increasing rates right now because of the slowing global growth rate.

India's Forex Reserve Swells by $920.6 Million

On account of higher foreign currency assets, foreign exchange reserves of India increased to US$355.353 billion, swelling by US$920.6 million, in the week to August 21. This figure is important as it neared $355.46 billion, the all time high achieved in the week to June 19. In the previous week too, India witnessed a healthy increase of its foreign exchange reserve (by US$1.086 billion) to a whooping US$354.433 billion. Latest RBI data show that Foreign Currency Assets also witnessed a healthy increase. RBI has said that special drawing rights of India with IMF have increased by $19.9 million in the week under review to $4.075 billion.

Global cues buoys markets, Sensex provisionally up

Healthy growth in Chinese exchanges and US economy, coupled with attractive valuations, buoyed investor sentiment in Indian equity markets propelling a barometer index to gain 139 points.The positive sentiments propelled the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) to gain the 139 points or 0.53 percent. Source: IANS

Sun Pharma Founder vouches for the need of Strengthening R&D in Indian Pharma Industry

While addressing an audience in Dr Reddy's Institute of Life Sciences organised DRILS Synergy 2015, Dilip Shanghvi (MD and Founder of Sun Pharmaceutical Industries Limited) stressed upon the need of Indian pharmaceutical industries to improve their research and development capabilities along with strengthen clinical development. He also exuded confidence in Indian Pharma companies on the existing potential of discovering couple of new drugs in the coming 10 years. However, Shanghvi also complained about the lack of required expertise in India, especially in the fields of biology and clinical development, that made Sun Pharma set up laboratories in foreign countries.

ISRO-NASA working closely to Launch US NISAR Satellite by using GSLV-Mk II Rocket in 2021

A.S.Kiran Kumar, Chairman of Indian Space Research Organisation (ISRO), has said that ISRO will launch a US NISAR (NASA-ISRO Synthetic Aperture Radar) satellite in the year 2021 by using GSLV-Mk II rocket, as part of the on-going cooperation between NASA and ISRO. He went on to say that ISRO is in the process of targeting launch of 2 tonne satellites as there is a good international market for it. The announcement comes after the Indian space agency launched its communication satellite GSAT-6 successfully by using GSLV Mk II rocket. Reports say that ISRO will launch 4 nano-satellites from US next month using PSLV.

73 'green' supercomputers coming soon to India

India plans to install 73 'green supercomputers' in the next three years to enable high-performance computing with reduced power consumption, a scientist at the Centre for Development of Advanced Computing (C-DAC) said."Around five to 10 supercomputers will be installed this year and the rest in the next three years in phases. Through optimization, power consumption of the machines will be reduced as less as possible," Sanjay Wandhekar, associate director and head, High Performance Computing, C-DAC, Pune. Source: IANS

Jaisha Orchatteri breaks Indian National Record at 2015 World Athletics Championships

Indian woman marathoner Jaisha Orchatteri today broke Indian national record in this year’s World Athletics Championships, held at Beijing National Stadium, by finishing the marathon in 2:34:43 time. While Jaisha finished 18th, Sudha Singh finished at 19th spot by clocking 2:35:35 (better than earlier national record of 2:37:29, set by Jaisha during Mumbai marathon earlier this year). Both Jaisha Orchatteri and Sudha Singh secured their respective berths in 2016 Rio Olympics after these commendable performances. In this women's marathon competition, the first three positions are secured by Ethiopa’s Mare Dibaba (2:27:35),Kenya's Helah Kiprop (2:27:36), and Bahrain’s Eunice Kirwa (2:27:39).

Indian Women's Hockey Team secures Olympics berth for the 2nd Time since Independence

Women hockey team of India sealed their berth for 2016 Rio Olympics on National Sports Day, which is also the birthday of Major Dhyan Chand. It is a historic achievement for the team because since independence it is only the second instance that they have qualified for the Olympics, first time being during 1980 Olympic Games. India’s women hockey team achieved the feat this time after Spain lost to England EuroHockey Championships’ semi-final. The other teams who have qualified for Rio Olympics are USA, New Zealand, Australia, Netherlands, Germany, China, Great Britain, Argentina, and South Korea.  Prime Minister Narendra Modi today paid tribute on 110th birth anniversary of hockey legend Major Dhyan Chand’s birthday.

Rain mars first day's play in third India-Sri Lanka Test

Rain forced an early end of the first day's play of the third cricket Test between India and Sri Lanka at the Sinhalese Sports Club (SSC) here on Friday, with just about one hour's play possible. India were 50/2 against Sri Lanka when rain interrupted play before lunch. Opening batsman Cheteshwar Pujara (19 not out) and captain Virat Kohli (14 not out) were at the crease after 15 overs of play. The game didn't resume after that. Earlier, India lost opener Lokesh Rahul (2) and Ajinkya Rahane (8). 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

SC declines plea seeking Salman Khan's bail cancellation

The Supreme Court on Monday dismissed a petition seeking cancellation of bail of film star Salman Khan who was convicted and sentenced in a hit and run case. The apex court bench headed by Chief Justice H.L. Dattu declined the plea by one of the alleged victims associated with the case and belonging to Mumbai Police. The petitioner had challenged the Bombay High Court order granting bail to Salman. (Source: IANS)

Sheena murder: Accused trio to be produced in court

The three prime accused in the Sheena Bora murder case will be produced before the Bandra magistrate court here on Monday when Mumbai police will seek extension of their custody, officials said here. Indrani Mukherjea, the victim's mother, Indrani's former driver Shyam Rai and her ex-husband, Kolkata-based Sanjeev Khanna, are presently in the custody of the Khar police. Monday's hearing would be crucial as the Khar police would provide an update to the magistrate on the progress in the investigations so far and seek further remand. (Source: IANS)

Jaitley reiterates Government's Commitment towards OROP, Hints at reaching an Understanding with War Veterans

Union Finance Minister Arun Jaitley has said that his government is committed to implement One Rank One Pension (OROP) and also hinted at reaching an understanding with ex-servicemen. He went on to add that the only issue to be resolved is “arithmetical translation of the phrase OROP”. Jaitley said that implementation of OROP should be based upon certain principles and the gap of disagreement is getting narrowed down. The response comes after Chairman of the Indian Ex-Servicemen Movement (IESM), Major General (Retired) Satbir Singh, said that responsibility of any untoward health issues of the hospitalized protesting army veterans Colonel Pushpendra Singh and Havaldar Major Abhilekh Singh rests with the government.