Around the Globe

Around the Globe

Jallikattu: Protests enter third day, CM meets PM

Massive protests in support of Jallikattu continued for the third day today at the Marina here and other parts of Tamil Nadu, with hundreds more joining the agitation.

Unfazed by the Chief Minister's call to withdraw protests, thousands of volunteers remained steadfast on their demand for holding the bull-taming sport in the state. They vowed to continue the stir till they got a positive response on it.

Rs 10,000 crore incentive for electronics manufacturing

The government on Wed­nesday gave a big push to electronics manufacturing in the country by approving a new and modified Rs 10,000 crore incentive scheme.
It also approved a package for supporting the micro and small enterprises, which entails augmenting the corpus of Credit Guarantee Trust Fund for such ventures and doubling the coverage of loans under the credit guarantee scheme.

ND Tiwari adds to BJP’s turncoat ammo

In the season of defections, Congress veteran Narayan Dutt Tiwari showed up at the BJP office on Wednesday with his son Rohit Shekhar. The BJP is tight-lipped if the Congress leader has joined the party, but a ticket to Rohit is not ruled out.
Though in his 90s and battling illness, the former Congress stalwart’s presence in the BJP camp does not augur well for Uttarakhand Congress, which has seen desertions right at the start of the poll battle.

India a very friendly place

With the message of being a "very friendly" investment destination, India on Wednesday sought to woo foreign investors at the WEF annual meet where leaders pored over the benefits of globalisation amid concerns over the impact of automation on jobs worldwide.
The issue of slow pace of bridging the gender gap also figured prominently in discussions, with IMF chief Christine Lagarde referring to an example from India about how women are using mobiles to report harassment by their mothers-in-law.

Growth to drop, but rebound likely in H2 2017: Nomura

The gloom over demonetisation and its impact on India's growth numbers appears to be blowing over to be replaced by positive growth stories. A report by Japanese financial major Nomura suggests that the impact of note ban will not be long lasting. It anticipates that while growth figures will slip in the next two quarters, there will be a sharp rebound in the second half of 2017.

Government gets scope for fiscal expansion

In spite of all the glaring inconsistencies in the advance estimates of economic growth for FY17 released by the Central Statistical Organisation (CSO), the numbers could still be a blessing in disguise as it could provide additional fiscal expansion scope to the government. The CSO has pegged the nominal GDP growth for 2016-17 at 11.9 per cent, higher than the 11 per cent assumed in the Union Budget.

Govt should control sugar market

The Modi government’s policy has been always on fire fighting mode. It is also anti-farmer. When the Rangarajan committee submitted its report, the northern states did not consent to its suggestions. It talked about de-regulation and also suggested that there should be a consistency in export-import policy, otherwise India will lose credibility in the global market. Now they are tweaking that, which is very unfortunate.

Bookworms turning to audiobooks

Curling up with a paperback may be a forgotten luxury for many thanks to today’s busy lifestyles, but listening to a book on the go, while shopping or jogging, is fast becoming the new norm.
Gone are the cumbersome cassette sets that could cost three times as much as an old-fashioned book and often featured only excerpts to cut down on costs.
Now, audiobooks are just a click away and can be uploaded onto a smartphone for the same, if not lower, price as the print edition.

Hydrogen technology in focus to cut emissions

The heads of some of the world’s biggest oil firms and automakers agreed on Tuesday to push for broader global use and bigger investments in using hydrogen to help reduce emissions and arrest global warming.
The oil firms’ and car makers’ chiefs said the plan was part of global efforts to keep global warming well below 2 degrees Celsius, an ambitious goal agreed by 195 countries in Paris in 2015.