Around the Globe

Around the Globe

Defence of the force

The armed forces are not alone in trying to get a handle on controversies emanating from social media content put out by men in uniform. The ministry of defence has also taken note of the problem. It is a critical role for defence minister Manohar Parrikar who has to maintain a balance in civil-military relationship.
The unrest in the armed forces is evidently taking a toll on the system. The government was at the receiving end of the campaigns on One Rank One Pension and the implementation of 7th Pay Commission.

Chinese whispers

Somewhere around last November when the announcement of a new army chief was awaited, messages started to appear in various Whatsapp groups pre-empting the government’s decision to circumvent the seniority principle in picking up the general to lead the force. A strong buzz about eastern army commander Praveen Bakshi, the most senior general, being overlooked for the top job had already gripped army circles.
What began as a Chinese whisper turned out to be true when the government deep selected vice chief Bipin Rawat overlooking two of his seniors.

‘Yes we can’, Barack Obama’s complex legacy

After winning the White House with a call to embrace “the audacity of hope,” Barack Obama knows his place in the history books will be measured against the outsized hopes his 2008 election sparked in the United States and abroad.
Beyond his wide smile, his legendary Hawaiian sense of calm and his drama-free style of governing, what will be remembered from the Democrat’s extraordinary path to power and his two terms as the 44th US president?

Xi takes Davos spotlight

When Xi Jinping (in pic) addresses business elites at Davos, the Chinese president will find himself an unlikely champion of the trade-based global order Donald Trump has derided. His new role could prove to be one of his biggest tests.

Govt eyes Rs 15K cr from oil PSUs as dividend

Public sector oil companies, which have higher profitability now after the mergence of favourable conditions in the international market, may have to dole out more in dividend this year to shore up the government revenue.

Now, withdraw Rs 10,000 from ATMs, weekly cap remains

In a big relief, the Reserve Bank of India (RBI) on Monday hiked the daily ATM withdrawal limit to Rs 10,000 from the existing limit of Rs 4,500, but retained the weekly ceiling at Rs 24,000. On the same lines, for current accounts, the new weekly withdrawal limit has been doubled to Rs one lakh from the existing limit of Rs 50,000.

Govt to study sugar output data before deciding on duty

The Centre has called an emergency meeting of sugarcane commissioners of the states next week to assess the actual production this year so that a decision is taken whether to scrap import duty or put stock holding limits on mills.
The meeting has been called on January 24 by the food ministry, which is unusual as such discussion takes place twice a year — before and after the crushing, said a cane commissioner from an influential state, who confirmed to attend the meeting.

Centre, states reach consensus on GST; rollout from July 1

Ending the long-running impasse over the contentious issue of dual control, the Centre and states on Monday reached a consensus on sharing of administrative powers in the goods and services tax (GST) regime.
The GST rollout date was, however, deferred by three months from the earlier proposed April 1 to July 1, 2017.
Tax experts termed Monday’s development as a watershed moment, adding that a definitive timeline ends industry’s anxiety to have a firm roll out date in place.

Indian consumers most optimistic in Asia Pacific: Mastercard

Notwithstanding demonetisation, Indian consumers are the most optimistic in the Asia Pacific region and their outlook on economy and stock market showed highest levels of confidence, says a report.

Consumers in India remain extremely optimistic in their outlook for the next six months, said Mastercard Index of Consumer Confidence (H2 2016) released today.

Despite recording a slight dip of 2.4 points in the overall consumer confidence to 95.3 points, India topped the Asia Pacific region as the most optimistic market.

Will choose Akhilesh over Mulayam: NCP

NCP will choose Akhilesh Yadav's "original Samajwadi Party" over his father Mulayam Singh, as it seeks to be a part of the proposed grand alliance in poll-bound Uttar Pradesh.

NCP General Secretary Tariq Anwar said the "good image" of UP Chief Minister will greatly help the proposed grand alliance to defeat the BJP.

"The image of Akhilesh Yadav will greatly help the grand alliance. People have accepted him as the face of the party," Anwar said.