Daily News

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Karnataka election results: BJP largest party, Congress-JD(S) form coalition

Congress has supported JDS to stake claim to form the next govt in Karnataka, as the BJP seemed to fall short of a majority.

Now, the ball is in the Governor's court whether he will invite the BJP as the single largest party to form a minority government or invite the Congress-JD(S) combine with 115 seats to form the government. In either case, the government should prove its majority on the floor of the House to ensure five-year rule.

Did you Know

In the recently declared election result, the Congress ended up second with 78 seats, while the BJP got 104 seats. JD(S) came third with 38 seats.

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NGT raps Ganga Mission for non-compliance

The National Green Tribunal(NGT) rapped the National Mission for Clean Ganga (NMCG) for not filing a compliance report pertaining to the steps taken by the authorities for cleaning the river.

NMCG was thrashed by NGT for non-compliance of previous orders, which were to file a report on the steps taken by the State governments of Uttar Pradesh, Uttarakhand and the Centre to clean the river in the stretch between Gomukh and Unnao.

The green panel directed the NMCG to file the compliance report by May 23.

Did you Know

National Mission for Clean Ganga(NMCG) was registered as a society on 12th August 2011 under the Societies Registration Act 1860.

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Gurupriya bridge in Odisha opens next month

Odisha Chief Minister Naveen Patnaik will inaugurate the Gurupriya bridge, that will serve as a lifeline for more than 20,000 inhabitants people in the inaccessible areas of Maoist affected Malkangiri district.

Construction work of the 910-meter-long bridge will be completed by end of this month.

The bridge will connect as many as 151 villages across the Balimela reservoir with the mainland of Malkangiri. People depend on the ferry boats to visit Chitrakonda or Malkangiri for medical, marketing and other purposes.

Did you Know

Recently, Odisha CM dedicated the 162 km long Sambalpur-Rourkela section of the Biju Expressway, built at a cost of Rs 1292.56 crore.

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Tamil novelist Balakumaran passes away

Veteran Tamil novelist Balakumaran dies at the age of 71 following a brief illness.

A celebrated novelist, Balakumaran forayed into Tamil literature by his poetries and prose and become one of the prominent writers in the language.

He was famous for his novels like ‘Mercury Pookal’ and ‘Irumbu Kuthiraigal’.

Balakumaran also published several short stories and later entered Tamil cinema through script and dialogue writing.

Did you Know

Balakumaran worked with top two stars Rajinikanth (film “Baasha”) and Kamal Haasan (“Nayagan” and “Guna”). He was a recipient of the state government’s ‘Kalaimamani’ honour.

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Aadhaar not mandatory for getting pension: Government

Minister of State for Personnel Jitendra Singh informed that Aadhaar card is not mandatory for central government employees to get their pension. It is an additional facility to enable the use of technology for submission of life certificate without the need for visiting banks. Some initiatives by the government such as Minimum pension increased to Rs 9,000, ceiling of gratuity is increased to Rs 20 lakh and fixed medical allowance increased to Rs 1,000 per month.

Did you Know

Aadhaar is a 12-digit number, issued by the Unique Identification Authority of India (UIDAI), that acts as identification and address proof.

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Allahabad Bank CEO loses her executive powers

Allahabad Bank’s board divested its MD and CEO Usha Ananthasubramanian of all powers following a finance ministry’s directive after CBI named her in the after the Central Bureau of Investigation named her in the Rs 13,700-crore Punjab National Bank-Nirav Modi fraud.

PNB board took away the executive powers of KV Brahmaji Rao and Sanjiv Sharan, the executive directors of Punjab National Bank.

Did you Know

Usha Ananthasubramanian was the MD and CEO of Punjab National Bank from 2015 to 2017 before she was moved out to Allahabad Bank. The CBI recently filed its first charge sheet on the scam in which diamond trader Nirav Modi is accused of defrauding the bank through fake letters of undertaking.

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Zee Entertainment Enterprises appoints Shariq Patel as CEO of Essel Vision

Zee Entertainment Enterprises Limited (ZEEL), a leading Media and Entertainment powerhouse, appointed Shariq Patel as the Chief Executive Officer, Essel Vision Productions Ltd.

He has over 20 years of diverse and rich experience across various industries spanning Financial Services, Radio, Internet, Telecom, Sports Management and Films.

Did you Know

Essel Vision is a private company promoted by ZEEL owner Subhash Chandra Zee Entertainment Enterprises Limited(ZEEL) is an Indian mass media company owned by Essel Group. It is Headquartered in Mumbai and interests in television, print, internet, film, mobile content and allied businesses.

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Mukul Rohatgi joins Lokpal selection panel

Senior advocate Mukul Rohatgi had been appointed as an eminent jurist in the selection panel for appointment of Lokpal

Attorney general K.K Venugopal Informed that the decision was taken by a committee headed by the Prime Minister. The petition was filed by an NGO for not appointing a Lokpal despite the SC's verdict in the court.

Did you Know

The Lokpal and Lokayukta Act of 2013 was passed on 2014 but not implemented all these years because there was no Leader of Opposition (LoP) in the 16th Lok Sabha. The Act allows setting up of anti-corruption ombudsman called Lokpal at the Centre and Lokayukta at the State-level.

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North Korea ready to join global disarmament efforts

At the Conference on Disarmament North Korean Ambassador to the United Nations, Han Taesong said that North Korea will join international efforts to ban nuclear tests.

North Korea, have tested six nuclear weapons and is willing to dismantle its only known nuclear test site this month ahead of a meeting on June 12 between U.S. President Donald Trump and North Korean Leader Kim Jong Un.

Recently North Korea and South Korea have agreed to hold high-level talks to discuss steps needed to uphold the pledge to denuclearise the Korean peninsula.

Did you Know

An underground North Korean nuclear test exploded with 10 times the energy of the atomic bomb that exploded over Nagasaki in 1945.

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Oil widens trade deficit to $13.7 billion

According to official data, rising crude oil prices contributed to India’s trade deficit widening to $13.72 billion in April 2018, from $13.69 billion in March, and compared with the $13.25 billion shortfalls in the same month last year.

Exports rebound in April from March’s contraction to expand 5.17%; imports rise 4.6% to $39.63 billion.

Did you Know

Trade Deficit is the amount by which the cost of a country's imports exceeds the value of its exports.

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NCLT Approves Tata Steel Bid for Bhushan Steel

The National Company Law Tribunal (NCLT) approved Tata Steel Ltd.’s bid for the debt-ridden Bhushan Steel Ltd. It dismissed a plea filed by employees who opposed the bid and imposed a fine of Rs 1 lakh on them It also dismissed Larsen & Toubro Ltd. ’s, an operational creditor of Bhushan Steel, seeking higher priority in the recovery of debt.

Tata Steel was challenged that it was not eligible under section 29 (A) of the Insolvency and Bankruptcy Code.

Did you Know

The Insolvency and Bankruptcy code, 2016 is an act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals in a time bound manner for maximisation of the value of assets of such persons.