Snehal khanna Blog

Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. LATEST NEWS      :    The new Rs 200 currency note will be introduced in the market tomorrow, Reserve Bank of India said on Thursday. The new denomination has Motif of Sanchi Stupa on the reverse, with bright yellow being the base colour of the note, RBI said in a statement. Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. The earlier Rs 50 notes will continue to remain legal tender. "The Reserve Bank of India will issue on August 25, 2017 Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Urjit R Patel, Governor, RBI from select RBI offices, and some banks," it said. Here are its salient features Obverse (Front) 1. See through register with denominational numeral 200 2. Latent image with denominational numeral 200 3. Denominational numeral २०० in Devnagari 4....

The Congress on Monday demanded Railway Minister Suresh Prabhu's resignation LATEST NEWS :  Amidst Opposition's demand for his stepping down from the position of Union Railway Minister over derailment of the Puri-Haridwar Kalinga Utkal Express, Suresh Prabhu on Wednesday informed that though he takes moral responsibility of the incident, Prime Minister Narendra Modi asked him to wait. Prabhu took to his Twitter handle to post a thread, where he says, "In less than three years as Minister, I have devoted my blood and sweat for the betterment of the Railways. Under the leadership of Prime Minister Narendra Modi, I tried to overcome decades of neglect through systemic reforms in all areas, leading to unprecedented investment and milestones." "New India, envisioned by Prime Minister Modi, deserves Railways, which is efficient and modern. I promise that is the path on which Railways is progressing now," he further said. Adding, "I am extremely...

Will Samsung Note 8 supersede the troubled Note 7 smartphone from 2016? LATEST NEWS    :    Samsung is set to unveil its flagship galaxy Note 8 today at a splashy media event in New York. The device is expected to be launched online on August 23 at 8:30 p.m. While the South Korean tech giant's fans are excited about the latest launch, the memory of explosive Note 7 is etched deep. Will Samsung Notebook 8 supersede the troubled Note 7 smartphone from 2016 and win buyers over again? Here's what buyers must look out for if rumours are to be believed: Battery Samsung is being naturally cautious in the battery department after Note 7 disaster. So we'll see just a 3,300mAh battery inside. It will fast-charge wired or wirelessly, with the former operating over USB-C. Another significant battery-related problem would be disastrous for the company and the responsible executives. Safety checklist Samsung has is believed to have enhance...

The Infosys board and Murthy have drawn battle lines, each holding ground on their stand LATEST NEWS :  Infosys founder N R Narayana Murthy has begun reaching out to investors in a bid to explain his stand on the public battle with the Infosys board and the management that led to the resignation of its first non-founder chief executive Vishal Sikka. He would be holding an investors’ call on Wednesday to explain why the values of the company he built has been diluted and how that is bad for Infosys in the long run. Murthy did not respond to an email seeking comments. The Bengaluru-based software major is the most liquid stock on the bourses, with institutional investors holding 57.72 per cent as on June 30, 2017. While Indian investors, who have 9.63 per cent in the company, saw market cap erosion, foreign institutional investors, who hold 37.53 per cent stake in the company, saw a significantly negative impact on the market cap ever since the public fallout l...

Recently, Jio announced a 4G-enabled feature phone with smartphone like capabilities LATEST NEWS  :  India’s leading telecom major Bharti Airtel is reportedly all set to take on Reliance Jio with its own 4G-enabled Rs 2,500 smartphone. According to a report in Economic Times, Bharti in talks with mobile phone makers to launch the 4G-enabled smartphone bundled with voice and data services by Diwali. The report the phone will come with a bigger display, battery and camera than seen in other feature phones, and Bharti is in talks with brands like Lava and Karbonn to manufacture the device. The 4G-enabled smartphone is touted to run Google Android operating system and will allow users to download apps available on Google Play Store. The smartphone will be co-promoted by Airtel but will not receive any subsidy from the telecom major. Instead, Airtel will bundle data and voice benefits to bring down the price of the smartphone. ALSO READ THIS : SC verdict on triple...

Scripted television is enormously expensive, so any commitment to it must be sincere LATEST NEWS :  Apple has more than $1-billion budgeted for original programming, Facebook wants its own version of “Scandal” and Google is ready to spend up to $3 million per episode on a drama. The three digital giants have signalled to Hollywood that they are serious about entering a television landscape that Netflix and Amazon shook up just a few years ago. Their arrival will make an already hypercompetitive industry even more ferocious. This year, there are expected to be more than 500 scripted TV shows, more than double the number six years ago. Although there have been some signs that the industry’s output may plateau - cable companies like A&E and WGN have said they are getting out of the scripted television business - the entry of Apple, Facebook and Google into the fray almost guarantees that the volume of shows will continue to grow, even as viewers grapple with a g...

The drills, lasting 12 days, seek to coordinate a response to a possible invasion by North Korea LATEST NEWS :  North Korea on Friday warned that the controversial joint military exercises of South Korea     and the US, which are scheduled to start next week, could bring a catastrophe to the security in the region. The annual Ulchi Freedom Guardian exercises, which will start on August 21, would "further drive the situation on the Korean Peninsula into a catastrophe", according to a brief statement released by the North Korean state agency KCNA. Every year in August, the South Korean and US forces jointly hold military exercises which include the world's largest computer-simulated war games and involve several thousand troops from both countries, reports Efe news. The exercises, which last 12 days, seek to coordinate a response to a possible invasion by North Korea. Despite the defensive nature of the maneuvers, North Korea still criticises the...

This phone is especially for photography lovers LATEST NEWS :  Taiwanese electronics giant ASUS on Thursday launched its new 'ZenFone Zoom S' smartphone with a dual-camera for photography lovers for Rs 26,999. The 5.5-inch device, available on Flipkart, comes with a 2.3X optical and 12 X digital zoom and 12MP dual camera setup on the rear and a 13MP front camera. "On the onset of 'World Photography Day', ASUS India wishes to rejuvenate the passion and commitment of photography enthusiast by launching 'ZenFone Zoom S'," said Peter Chang, Regional Head, South Asia and Country Head, System Business Group-ASUS India, in a statement. With a high-capacity 5000mAh battery onboard, the phone can last up to two days on a single charge, the company claimed. Powered by Qualcomm Snapdragon 625, 'ZenFone Zoom S' comes with 4GB RAM and 64GB internal storage. The 'ZenFone Zoom S' features 'ASUS SuperPixel Camera'...

Mother and child were stable, adding newborn was in intensive care as it was underweight: Hospital LATEST NEWS    :   A 10-year-old girl, who was raped by her uncle repeatedly, delivered a girl child in a government hospital here on Thursday, hospital officials said. The mother and child were stable, hospital sources said, adding the newborn was in intensive care as it was underweight. The rape victim was admitted to the Government Medical College and Hospital in Sector 32 for the past two days as a team of doctors monitored her health. The delivery took place through Cesarean surgery. The Supreme Court had last month refused to allow the rape victim to undergo an abortion due to grave risk to her life. A division bench of Chief Justice J.S. Khehar and Justice D.Y. Chandrachud turned down the plea after the report of a medical board, set up by Chandigarh's Postgraduate Institute of Medical Education and Research (PGIMER) on the court's o...

Last date of filing GSTR-3B for July 2017 is August 20 and for the month of August is September 20 Latest news :  Businesses can start filing their first tax return under the new Goods and Services Tax (GST) regime as the GST Network has started the facility for return filing and paying taxes on its portal. The GST returns for July and August will be filed on the Goods and Services Tax Network (GSTN) portal by filling up GSTR 3B form in which the taxpayer needs to provide consolidated details of outward supplies and input credit. The taxpayer has to file a summary of self-assessed liabilities, input tax credit (ITC) and details of tax payment. The last date of the filing the GSTR-3B for July 2017 is August 20, 2017, and the same for the month of August 2017 is September 20. Here is the process of uploading invoices on GSTN: 1.Type www.gst.gov.in and log into the GST portal with valid credentials. 2. After doing so, go to perform the following steps ...

The terms for the scheme could be announced in next few days. LATSET NEWS :   Reliance Jio may soon announce a scheme offering buyers of its 4G phone the choice to return the handset before the specified time period of three years and in return get a partly refund. The terms for the scheme could be announced in next few days, according to a Economic Times report. The pre-bookings for the phone will start on August 24. The phone was introduced as "India ka Smartphone" and launched at an "effective price" of Rs 0. The catch was that buyers would have to shell out a refundable, upfront deposit of Rs. 1,500 for the device (which is refundable after three years). However, the phone may fail to match up to Jio's expectation, if some reports are to be believed. JP Morgan, in a report, said that in India where there is the prevalence of multi-SIM phones and the pre-paid monthly churn stands at around 5 per cent, it may be unrealistic to expect...

High-value transactions of more than Rs 50,000 and above require PAN details LATEST NEWS     :     Of the 1.1 million permanent account numbers (PAN) that the government deactivated last month, income-tax (I-T) sources say a majority were duplicates and were being used to open share-trading and demat accounts, transact on the stock markets, and operate in shell firms. The I-T department has discovered one individual could have five to seven PAN cards, each with a slightly different spelling of the holder’s name. According to I-T officials, such people, who have been identified as small- and medium-sized stock brokers, sub-brokers and their clients, have evaded taxes. They could have evaded so by using one card for filing tax returns, and others for investing in financial instruments or making high-value transactions, said a senior tax official. High-value transactions of more than Rs 50,000 and above require PAN details. Dur...

High-value transactions of more than Rs 50,000 and above require PAN details LATEST NEWS     :     Of the 1.1 million permanent account numbers (PAN) that the government deactivated last month, income-tax (I-T) sources say a majority were duplicates and were being used to open share-trading and demat accounts, transact on the stock markets, and operate in shell firms. The I-T department has discovered one individual could have five to seven PAN cards, each with a slightly different spelling of the holder’s name. According to I-T officials, such people, who have been identified as small- and medium-sized stock brokers, sub-brokers and their clients, have evaded taxes. They could have evaded so by using one card for filing tax returns, and others for investing in financial instruments or making high-value transactions, said a senior tax official. High-value transactions of more than Rs 50,000 and above require PAN details. Dur...

Nearly 70 children have died at the BRD Medical College in Gorakhpur since August 7 LATEST NEWS  :    Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday stressed the importance of the Swachch Bharat Mission in the eradication of diseases such as encephalitis, which claim the lives of hundreds of children every year. He regretted that children were dying even 70 years after India's Independence. "The cure of diseases such as encephalitis is hidden in the Swachch Bharat Mission. I been saying this repeatedly as I represent eastern UP," he said after unfurling the national flag on the occasion of Independence Day. In the last three decades, Japanese Encephalitis and Acute Encephalitis Syndrome have claimed over 50,000 lives in eastern Uttar Pradesh, mostly in the Gorakhpur district. Adityanath said in his first Independence Day speech as the chief minister that a large numbers of people, including children, died of diseases such as ence...

An idecisive war will puncture China's unbending and all-accomplishing image so assiduously built up LATEST NEWS  :  On June 16, it became public information that Indian troops had entered the Doklam region near the Chumbi Valley tri-junction area wedged between Bhutan, India and Tibet/China, and stopped a Chinese People’s Liberation Army (PLA) construction crew from completing the hard-surfacing of an earlier dirt track. The Doklam plateau is one of the disputed territories between Bhutan and China. It is closely opposite Sikkim and slightly north of the narrow Siliguri corridor connecting the mainland territory of India to its seven northeastern states and region. Bhutan and China do not have formal diplomatic relations. Despite that, the two states have held a number of meetings to resolve their boundary differences inclusive of the Doklam area, without any resolution so far. Separately, framework agreements between India and China lay down that no unilateral c...

The Bombay High Court on Monday put up the beleaguered Sahara Groups Aamby Valley for auction LATEST NEWS :  In a major setback to the Subrata Roy-owned Sahara Group, the Bombay High Court on Monday put up its prestigious Aamby Valley property in Maharashtra for a public auction. The Official Liquidator (OL) for the Aamby Valley City in Lonavala has put up a reserve price of Rs 37,392 crore, as part of efforts to partially recover the pending dues to various lenders. The development came three days after the Supreme Court declined to entertain the Sahara Group's plea to postpone auction of the prime hill station property nestled in the lush green Western Ghats in Pune district. Bombay High Court OL Vinod Sharma issued notices in prominent media on Monday for the public auction of "sale/lease" on an "as-is-where-is-whatever-there is' of the Aamby Valley City, around 90 km from here. In view of the huge quantum of properties to be dispo...

US sales drop 42%; Rs 950-cr charge related to settlement of antitrust case in US LATEST NEWS    :    Drug major Sun Pharmaceutical on Friday reported a consolidated net loss of Rs 425 crore for the quarter ended June 30, mainly due to one-time exceptional item. The company had posted a net profit after taxes, share of profit/loss of associates, joint ventures and non-controlling interests of Rs 2,033.71 crore for the same period a year ago, Sun Pharmaceutical Industries said in a filing to the BSE. Consolidated total revenue from operations of the company stood at Rs 6,208.79 crore for the quarter under consideration as against Rs 8,256.26 crore for the corresponding period of the previous fiscal, it added. The company and one of its wholly owned subsidiaries entered into settlements with certain plaintiffs in respect of an antitrust litigation relating to Modafinil in the month of July 2017, whereby the company agreed to pay an aggregat...

Narayana Murthy had publicly criticised Infy for poor corporate governance. LATEST NEWS    :    Infosys board is making every effort to placate its founder N R Narayana Murthy, who has criticised the company on its corporate disclosures, by offering a formal role in the organisation. It also would bring curtains to the distraction that chief executive Vishal Sikka has often complained is hurting the business. At 70, Murthy is eligible for a role on the board, including as executive chairman. In 2013, Infosys board had raised the age bar to 75 from the earlier 60 years to facilitate entry of Murthy as the IT major firm chairman for the second time. “If he were to wish that, we would absolutely consider it,“ Ravi Venkatesan, co-chairperson at Infosys said in an interview with ET NOW on Thursday. Since, Murthy raised the issue of failing corporate governance, Infosys has taken pains to bring policy changes to improve transparency, which includ...

Such a move severely undermines China's sovereignty and security: Chinese Foreign Ministry LATEST NEWS  :     Beijing on Friday protested against a US warship passing through waters near the Spratly Islands, a disputed area in the South China Sea . The USS John S. McCain on Thursday entered the waters near Mishchief Reef in the Spratly Islands to carry out freedom of navigation operations in the area, reports Efe news. "Such a move severely undermines China's sovereignty and security, and severely endangers the safety of frontline personnel of both sides," Chinese Foreign Ministry spokesperson Geng Shuang said in a statement. He added that the Chinese navy identified the US warship, issued a warning and finally expelled it from the area, without giving further details. Geng said China "has indisputable sovereignty over the Nansha Islands (Spratly) and their adjacent waters", and called for a dialogue between Beijing and the gover...

LATEST NEWS       :   China has vehemently rejected all reports of it ever offering a compromise to India by relocating its troops in the disputed Doklam border area. The Chinese Foreign Ministry reacted to a report where China had allegedly offered to move its troops back 100 meters, after India sought the pullback of Chinese troops by 250 metres. The Spokesperson's Office told China Daily that the report is not true, adding that "China will not trade its territorial sovereignty under any circumstances." "China's position on solving this incident is clear and firm. India must immediately and unconditionally withdraw all its trespassing troops and equipment back to the Indian side of the border," the office said in a statement. China could never accept India's "totally unreasonable" demand, said Zhao Xiaozhuo, a researcher at the PLA Academy of Military Science told China Daily, adding that India had honored the convention u...

Latest news : The Government of Bhutan on Thursday pointedly refuted a Chinese foreign ministry claim that Bhutan had conveyed through diplomatic channels to China that the trilateral border stand-off area in Doklam in the Sikkim sector is not its territory. Official sources in the Bhutanese Government told ANI over phone, "Our position on the border issue of Doklam is very clear. Please refer to our statement which has been published on the web site of Bhutan's foreign ministry on June 29, 2017." The Bhutanese sources were responding to a stunning, but unsubstantiated claim made by China's top diplomat, Wang Wenli, that Bhutan had conveyed to Beijing through the diplomatic channels that the area of the standoff was not its territory. Wang, who is the Deputy Director General of the Department of Boundary and Ocean Affairs in China's foreign ministry, reportedly conveyed this information to a visiting Indian media delegation on Wednesday. She, however,...

At least 70 per cent people involved in opening shell companies are not even CAs but only entry operators. LATEST NEWS    :   This article was first published on Business Standard on Feb 20, 2017. Business Standard is republishing this article in light of Sebi imposing trading restrictions on suspected shell companies Lalbazar , one of the oldest areas of Kolkata and once the home of merchant princes of the East India Company, is now the residence to shell companies. Still famous for colonial-era commodities such as tea and dying goods and services such as typewriters and wedding bands, the bustling area in central Kolkata is almost synonymous with the city police headquarters, housed in a red brick building at 18 Lalbazar Street. Right across the street is the dilapidated Mercantile Buildings at 9/12. In its recent crackdown on shell companies, the income tax (I-T) department has identified this address as the home of 90 per cent — or 300 — of...

Bharat Forge, BHEL, Bharat Electronics and Manpasand Beverages have announces bonus shares today. LATEST NEWS    :   Four companies – Bharat Forge, Bharat Heavy Electricals Limited (BHEL)  , Bharat Electronics and Manpasand Beverages – have announced bonus shares on Thursday. The board of directors of Bharat Forge and Manpasand Beverages have recommended issuing bonus shares to holders of equity shares of the companies in the ratio of 1:1 i.e. one bonus equity share for every one fully paid-up equity shares held. BHEL, the state-owned company, recommended issue of bonus shares to the members of the company by capitalisation of its free reserves in the ratio of 1 bonus equity share for every 2 existing equity shares. BEL approved the proposal for issue of bonus shares in the ratio of 1:10 i.e. one bonus share for every 10 shares held. Except, Manpasand Beverages (up 2% at Rs 784), the remaining three stocks BHEL (down 4% at Rs 128), BEL ...

Flipkart says with Softbank money, it now has $4 billion cash reserves LATEST NEWS     :   SoftBank Vision Fund, the $100-billion technology-focused fund floated by Masayoshi Son, has invested an undisclosed but significant amount in India’s largest e-commerce marketplace Flipkart , making it one of the largest investors in the company. The investment is part of the same round that saw — Tencent, eBay and Microsoft — invest $1.4 billion in April and will be made at the same $11.6 billion valuation. Flipkart claims that with the investment from SoftBank Vision Fund, it will have $4 billion of cash on balance sheet. “India is a land of vast opportunity. We want to support innovative companies that are clear winners in India because they are best positioned to leverage technology and help people lead better lives. As the pioneers in Indian e-commerce, Flipkart is doing that every day,” said Masayoshi Son, founder and chairman & chief executive of...

Sebi has asked NSE to seek documents from 48 cos and verify credentials of these firms LATEST NEWS     :    Stock exchange major National Stock Exchange of India (NSE) on Wednesday said that it has commenced the process to verify the credentials of firms on its platform, on whom trade restrictions were imposed by regulator Sebi. "Sebi has directed exchanges to shift 331 companies to the Graded Surveillance Measure (GSM), Stage VI, with immediate effect. Of these 331 companies, only 48 are listed on NSE. Of these 48 companies, 10 companies were suspended prior to this directive of Sebi," the NSE said in a statement. "Sebi has asked NSE to seek documents from these 48 companies and verify the credentials and fundamentals of these companies. The exchange has already commenced the process of collecting information, as advised by Sebi and will be reporting to Sebi after completing the exercise." Stock market regulator Sebi had imposed trade...

Changes to the way JLR's pension payments are calculated resulted in a one-time gain of Rs 3,609 cr LATEST NEWS    : Tata Motors Ltd posted a 42% rise in quarterly profit on Wednesday. Profit was Rs 3,182 crore in the first quarter ended June 30, compared with Rs 2,236 crore a year earlier, the company said. The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10% to Rs 59,972 crore versus Rs 66,339 crore a year ago. After announcing results, the company said, "First quarter results have not met our expectations." It plans to launch its new car Nexon in September. The company made a one- time gain of Rs 3,609 crore related to the changes made to Jaguar Land Rover pension plans. Volume sales, including exports of commercial and passenger vehicles for the quarter stood at 1,11,860 units, down 11.8% when compared to the corresponding quarter last year, it said. Tata Motors said its operatin...

Dalai Lama's appeal for peace came amid the standoff between the Indian and Chinese force in Doklam LATEST NEWS    :   Tibetan spiritual leader the 14th Dalai Lama on Wednesday urged India and China to maintain peace, saying that both nations are like brothers and have to live side by side. "Eventually, 'Hindi-Chini- Bhai Bhai' is the only way; the two big nations, you have to live side by side," Dalai Lama said while attending a programme here. He said he likes India as there is freedom in this country and he has more opportunity to share. "There is freedom in this country, I can do more and have more opportunity to share. Where there is no freedom, I don't like," he said. He also added that as per the wish of Chinese people, the Communist Party of China may follow his practice of democracy. "Our small Tibetan community fully practices democracy and I am an admirer of democracy. People are real rulers of a countr...