NSE introduces ‘managed co-location services’

In order to facilitate small and medium-sized trading members, NSE introduced a facility of ‘managed co-location service’. In this facility, space will be provided to vendors along with provision for receiving market data. This facility enables the co-located entities to access the trade/order related data before other non-co-located entities.

SBI Adopt Shirki to Make it Cashless

State Bank of India (SBI) has adopted Shirki village in Pen taluka in Maharashtra for driving the Aadhaar-based merchant payment. Under this initiative, the merchants in this village have been provided with simple android phones with a USB-based fingerprint capture device. The only precondition is that the merchant needs to have a bank account, with an Aadhaar number seeded.

MEA Updates Passport Norms-2

The online passport application form now requires the applicant to provide the name of only one parent and not both. The application form does not require the applicants to provide the name of their spouse in case of separated or divorced persons. Sadhus and Sanyasis can now mention names of their spiritual gurus instead of biological parents under the new passport rules.

SC Modifies National Anthem Order

The Supreme Court has modified its order on the National Anthem & exempted physically handicapped persons from standing. It also clarified that doors of theatres need not be bolted when the National Anthem is played. The order was passed by Justices Dipak Misra & Amitava Roy. The Centre will issue guidelines on how physically challenged persons should show respect to the National Anthem.

April 14 to be Celebrated as Water Day

Union Minister for Water Resources, River Development & Ganga Rejuvenation Uma Bharti has announced that 14th April will be celebrated as “Water Day” on the occasion of BR Ambedkar’s birthday. She said in the coming days water is going to become an important agenda of the govt. She also said there was need to reform water resources management & those misusing this resource should be punished.

Govt Realises Over ` 23,497 Cr from DisInv

The government has realised over 23,497 crore rupees from disinvestment as on the 15th of this month. In the current financial year, the budget estimate for disinvestment is 56,500 crore rupees. Finance Minister Arun Jaitley said the government has identified some central public enterprises for sale in sectors like mineral and metal, oil and capital goods.

Over 5 lakh children under siege: UNICEF

UN Children’s Fund (UNICEF) has called for lifting sieges and allowing immediate humanitarian access. Nearly 500,000 children are living under siege amid escalating violence across Syria. The number of children living under siege has doubled in less than one year, Xinhua news agency quoted UNICEF as saying in a press release.

Women To Re-Enter Haji Ali Dargah

A group of women activists will enter the famous Haji Ali dargah in Mumbai on Tuesday afternoon. This win comes after five years and a series of legal battles and agitations. A group of around 75-80 women from all over India would visit the mausoleum of the saint for prayers around 3 pm. The Supreme Court on October 24 delivered its verdict upholding equal access to men and women.

23 places you can still use old notes

The government has stopped over the counter exchange of old notes of ` 500 and ` 1000 from 24th midnight. Government has permitted various exemptions for certain transactions and activities wherein payment could be made only through old ` 500 notes till the midnight of 15 December 2016. This includes payments towards pre paid mobile top-up, Purchase from Consumer coopeative stores etc.

Relief for Farmers Ahead of Rabi Season

The Centre has taken more steps to ease the cash flow for farmers after demonetisation of old 500 and 1000 rupee notes. Farmers can now purchase seeds with old 500 rupee notes. This comes on the back of permitting farmers to withdraw up to 25,000 rupees per week from their KYC compliant accounts. Govt has decided to provide 60 days more for repayment of housing, car, farm and other loans.

Cgarh Adopt Resolution on Demonetization

Chhattisgarh has become the first state to adopt a resolution welcoming the demonetisation of high-value currency notes. The state Assembly adopted a resolution moved by Chief Minister Raman Singh welcoming the Centre’s decision. The CM said, the decision was taken to flush out black money from the system. It will usher in the clean transaction and clean money system.

Committee for Inter- Linking of Rivers

The Union Cabinet chaired by PM Modi has approved constitution of ‘special committee for inter-linking of rivers’ in compliance with a 2012 Supreme Court order. The move will help in monitoring precious projects to be carried out under its National Perspective Plan, 1980. Status-cum-progress report of the special committee will be submitted bi-annually to Cabinet.

Airbags, Speed Warning Mandatory from Oct

The Ministry of Road Transport has issued an amendment stating new inclusions to the list of mandatory requirements for new cars. The Ministry announced that all new cars will need to have airbags, reversing sensors, manual override for central locking system & a high-speed alert system. Airbags will be mandatory for cars manufactured on or after 1st Oct 2017 & others on & after April 2018.

Deposits Above 2.5L to Invite Penalty

The Govt has warned that the cash deposits above 2 lakh 50 thousands rupees threshold under the 50-day window can attract tax plus a 200% penalty in case of income mismatch. This was said by Revenue Secretary Hashmukh Adhia. The government will get reports of all cash deposited during the period of 10th Nov to 30th Dec above a threshold of 2.5 lakh rupees in every account.

Banks to Report Frauds of Rs1 cr & Above

The Central Vigilance Commission has now made it mandatory for the public sector banks to report any bank fraud of funds of over ` 1 crore. The CVC has hired four General Manager ranked officers from bank as advisors,. They will recommend whether CBI probe can be ordered in cases of bank frauds. According to the CBI data, in 2015, the agency had probed 171 cases of bank frauds.