Daily Archive: June 14, 2018

Soldier Abducted From Kashmir’s Pulwama While On Leave, Says Army

A soldier who was home on leave in Jammu and Kashmir has been abducted, the army said today. A resident of Poonch, he was abducted from Pulwama, where he had gone.

The soldier belongs to 44 Rashtriya Rifles. He was posted in Shopian, where he was part of the army’s ongoing anti-terror operations.

Action is being taken to locate him, the army said.

Anti-terror cordon and search operations have been suspended till Eid in Jammu and Kashmir under a peace initiative of the Central government.

Source: NDTV

Weak Global Cues Pull Equity Indices Lower

Mumbai: Weak Asian indices and a rate hike by the US Federal Reserve depressed the key Indian equity indiceson Thursday afternoon.

According to market analysts, investors also booked profits after the indices rose in the previous three trading sessions. Heavy selling presure was witnessed in the IT, oil and gas and banking stocks, they said.

At 12.51 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,789.20 points — down by 67.50 points or 0.62 per cent — from its previous close of 10,856.70 points.

The barometer 30-scrip Sensitive Index (Sensex), which had opened at 35,743.10 points, traded at 35,538.95 points (12.53 p.m.) — lower by 200.21 points or 0.56 per cent — from its previous session’s close of 35,739.16 points.

The Sensex has so far touched a high of 35,749.88 points and a low of 35,488.55 points during the intra-day trade. The BSE market breadth was bearish with 1,447 declines against 952 advances so far.

Complete Air India sale or Air India IPO? Govt panel to decide next week

New Delhi: A ministerial panel is set to meet next week to explore options regarding the future of Air India Ltd, after an attempt to sell part of the government’s stake in the airline faced a setback last month.

The options before the panel may range from getting Air India listed to full privatisation or even calling off the sale, said an official who spoke on condition of anonymity.

That decision is expected to be a political one as the government’s handling of the loss-making national carrier has the potential to become a thorny political issue in the last year of the National Democratic Alliance (NDA) government before national elections are held next year.

One of the options policymakers are examining is to let Air India tap the capital markets by getting listed, the official cited above said.

The profitability of the company will be a key criteria in getting listed. The Securities and Exchange Board of India’s norms mandate that a company that goes for initial public offering (IPO) has to have a reported a pre-tax operating profit in at least three of the immediately preceding five years.

UPPSC To Conduct Main Exams As SC Rules Out Re-Evaluation

New Delhi: The Uttar Pradesh Public Service Commission (UPPSC) can now conduct main exams for different positions as the Supreme Court on Thursday allowed its appeal challenging Allahabad High Court order directing re-evaluation of the answer-sheets.

The high court had ordered the re-evaluation of the answer sheets of the candidates on the basis of the correct answer to the questions. The Supreme Court order on Thursday effectively ruled out the re-evaluation as was ordered by the high court. A vacation bench of Justice Uday Umesh Lalit and Justice Deepak Gupta allowed the UPPSC plea.

The preliminary examinations were held in 2017 and main exams were scheduled to be conducted on June 18. Earlier, main exams were slated to be held on May 18 but because of the High Court order directing re-evaluation of the answer-sheet, the exams were re-scheduled for June 18.