Daily Archive: May 24, 2018

Fuel prices to come down if brought under GST : Maharashtra CM Devendra Fadnavis

Fuel prices will come down once the Centre builds a consensus to bring petrol and diesel under the Goods and Services Tax (GST), Maharashtra Chief Minister Devendra Fadnavis said today. Petrol and diesel prices are defined by international crude oil rates, Fadnavis noted. ‘A task force is already working on reducing the fuel prices. If it (petrol and diesel) can be brought under GST, rates will come down. Maharashtra has already given its consent for it,’ he told reporters.

The GST Council will also have to look into aspects like revenue losses before taking a decision, he said. Talks are going on with finance ministers of all states, Fadnavis said, ‘Once petrol and diesel are brought under the ambit of GST, its threshold will change, because, right now, taxes upon taxes are levied which increases rates. GST will ensure a single tax,’ he said. He further added that ‘other states have not given their consent yet.’

The Centre had in June last year junked the 15-year old practice of revising rates every fortnight and introduced daily revisions. Petrol and diesel prices were raised for the 11th day in succession today as the state-owned oil firms gradually passed on to the consumer the increased cost of international oil that had accumulated since a 19-day freeze was imposed just before Karnataka elections.
Since the time the hiatus ended on May 14, rates have gone up by Rs 2.84 a litre in case of petrol and Rs 2.60 in diesel. Petrol costs Rs 77.47 a litre in Delhi and diesel Rs 68.53.

Final IPL 2018 Match Fixed?

Final IPL 2018 Match Fixed: If the latest Hotstar video is to be believed, Chennai Super Kings (CSK) and Kolkata Knight Riders (KKR) will contest in the Final of the ongoing IPL 2018 tournament. Wonder how? A viral video of Hotstar showed Knight Riders facing Dhoni’s Super Kings in IPL 2018 final, to the surprise of many, since the Qualifier II between Sunrisers Hyderabad (SRH) and KKR is set to happen for tomorrow at Eden Gardens, Kolkata.

As per reports in social media, the Hotstar promo video for the IPL 2018 Final featured players from CSK as well as KKR, leading to widespread doubts and questions of fixing in the lucrative Indian Premier League, given its history of spot-fixing and corruption charges involving Chennai Super Kings. Also, the controversial video that stormed the social media is a piece of a full length video.

Hotstar, a video streaming service, owned by Star network, which owns the rights to telecast IPL 2018, is believed to have removed the advertisement.

Here’s the Hotstar IPL 2018 final promovideo:

As Virat’s challenge gets accepted, Rahul and Tejashwi also challenge PM Modi

New Delhi: After Prime Minister Narendra Modi promptly accepted Indian cricket team captain Virat Kohli’s fitness challenge on Twitter, Rahul Gandhi and Tejashwi Yadav also challenged PM Modi to get their challenges too accepted.

However, the opposition had their own set of challenges. Congress president Rahul Gandhi wrote: “Dear PM, Glad to see you accept the @imVkohli fitness challenge. Here’s one from me: Reduce Fuel prices or the Congress will do a nationwide agitation and force you to do so. I look forward to your response.#FuelChallenge.”

Apeejay Higher Institutions sign MoUs with Reliance Jio

In light of introducing industry-relevant programmes and to facilitate its students with ultra-modern information and communication technologies, Apeejay Stya University (ASU) and other Apeejay Stya Higher Education institutions have recently signed a Memorandum of Understanding (MoU) with Reliance Jio.

With this partnership, both Apeejay Stya and Reliance Jio have agreed upon to collaboratively develop sustainable and dedicated programmes for students. In addition to this, the partnership will also enable the institutions to set up 4G campus(es), Optical Fibre Lab(s), ultra high speed broadband connectivity and cloud services.

The MoU was signed in the presence of top delegates, including Mr. Nishant Berlia, Member, Management, Apeejay Stya & Svran Group and Balasubramaniam Iyer, Vice-President, Reliance Jio. Mr Berlia is also the Pro-Chancellor of Apeejay Stya University.

Commenting on the partnership, Mr. Berlia said, “We continuously strive to evolve and achieve excellence through collaborations like this apart from other in-house initiatives. This tie-up will help our higher education institutions, including Apeejay Stya University to further add value to its efforts towards excellence in the internet technology and digital data space.”

Furthermore, Reliance Jio shall provide support with regards to all relevant study materials of programmes, along with the respective intellectual property rights. Besides, Reliance Jio shall also conduct specific training programmes for faculty and personnel of Apeejay Stya institutions, among other things.

Commerce Minister Releases Strategy Paper on Computer Software and Electronics Exports

 

The Union Minister for Commerce & Industry Suresh Prabhu releasing the strategy paper & business plan of India’s Computer Software &ITeS and Electronics Export, prepared by Electronics and Computer Software Export Promotion Council in New Delhi

Electronics and Computer Software Export Promotion Council (ESC) has prepared a strategy paper for augmenting software exports to US$ 178 billion by 2022. Union Commerce &Industry and  Civil AviationMinister Suresh Prabhu, released the strategy paper in New Delhi yesterday. The Minister praised the efforts by the ESC for taking this initiative to prepare a strategy for boosting India’s computer software &ITeS and electronics export. The Minister further added that Government of India will extend all possible support to the industry for intensifying the exports to traditional markets and to make forays into the alternate markets like Africa, Latin America and Commonwealth of Independent States (CIS). He said that the government is taking proactive steps for making ICT exports more vibrant and to motivate more units to focus on exports.

The strategy paper highlights the need for some policy level changes that are critically needed, such as resolving visa problems with the US, greater access of professionals to European countries, early signing of Totalisation Agreement with the US, setting up of incubation centres and language proficiency facilities in major IT hubs. The current business model for export of software and ITeS is relevant for outsourcing work. For the emerging markets like Africa and Middle East, a different model, is required since India mostly offers product solutions. Although potential for export of software &ITeS in US and Europe is high, the smaller companies are grossly underperforming because of innovation andtechnology leadership gaps. The paper also spells out specific policy prescriptions, market destinations and other enabling inputs that can bring about transformational changes in the Indian software and services exports. Specific suggestions include judiciously blending software and hardware, creating newer export outlets, fiscal incentives, country specific software export promotion measures.

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IAF effort to contain Forest Fire at #Katra

 

IAF has pressed into service its MLH class helicopter using Bambi Buckets, to contain the forest fire at Katra. The operations stared this morning wherein two helicopters, one each of the Daring Dragons and of Snow Leopards units, of the Western Air Command were launched. The heptrs filled in water from the Reasi water reservoir in the specially built Bambi Buckets which can carry approximately 2500 ltrs of water at a time.

The first drop was done in the area of the new track from Ardhkuwari to Bhawan. “Itswas a daunting task keeping in mind the challenging terrain and high tension cables in the area” said the captain of the lead aircraft Wing Commander Vikram.

Operation of these types requires special skills by the pilot who flies with a very heavy load underslung. “We trained to respond to these types of situations whenever demanded. The operations are scheduled to continue through the day till the fire is contained” said Wing Commander Rahul the captain of the second aircraft.

A reccee of the area was carried out yesterday to ascertain the complexities of the operations.

AIGF announces India Gaming Conclave 2018

A not-for-profit apex Industry body for the skill gaming Industry in India announces the second edition of its annual IP event – ‘India Gaming Conclave’ on 29th May 2018. The content of the India Gaming Conclave 2018 has been compiled keeping in mind the needs of operators across online poker, fantasy and rummy businesses.

The key issues that will be discussed this year include advertising content regulation, de-constructing taxation in regulated markets, Investments in the skill gaming Industry and responsible gaming. The highlight of the event will be the introduction to the AIGF advisory panel & the launch of the AIGF skill games charters. The AIGF Advisory Panel is a high powered six-member committee made up of distinguished and notable experts from law & order, finance, data science, academia and psychiatry will oversee the implementation of the skill games charters and other responsible gaming initiatives.

Justice Balbir Singh Chauhan Chairman Law Commission of India will be the Guest of Honor at the India Gaming Conclave and will be joined by other eminent personalities includingJustice R.V.Eswar, Former Judge, Delhi High Court, Mr. Bhaichung Bhutia, Football icon, Ms. Christina Thakor- Rankin, Principal Consultant, 1017 Gaming UK, Ms.Birgitte Sand Director, Danish Gambling Authority to name a few.

Speaking on the 2018 edition of India Gaming Conclave, Roland Landers, CEO AIGF said, We are delighted to felicitate our eminent advisory panel at the India Gaming Conclave 2018. It is satisfying to have succeeded in putting together good governance initiatives for our members through the self- regulation charters and third party audits that augurs extremely well for the growing skill gaming Industry in India.

Sharing her excitement on her participation, Ms. Christina Thakor- Rankin, Principal Consultant, 1017 Gaming UK said, “I am honoured to be a part of the India Gaming Conclave 2018. It is a great platform facilitating the exchange of ideas & expertise and we hope to share best of our practices with the Indian operators. I wish all the success to the AIGF, its members and partners.

The recently published FICCI M&E Report 2018, compiled by EY, highlighted that the Indian Skill Gaming Industry had a robust growth of 25% in revenues in 2017 and that standardisation among operators by implementation of best practices will reduce the burden of inspection and reporting.