LIVE: Only 2.4 mn Indians declare they earn over Rs 10 lakh a year

Government has formulated two schemes to construct housing for middle class and lower middle class: Modi

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Law will take its course for illegal wealth holders, but the government's priority is that the honest should be protected and their difficulties are reduced: Modi

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When policies are formulated with aims, they have long-term benefits: Modi

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No corrupt official, banker will be spared: Modi

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A balance has to be brought between cash in the system and being cashless: Modi

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Indian economy and cash circulation disproportionately higher than similar sized economies which had led to price rise: Modi

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All concerned directed to restore normalcy in banking system, particularly in rural and far flung areas, to end difficulties of people: Modi

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People had to queue to withdraw own money but they don't want to be even a step behind in fight against corruption, black money: Modi

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It is a known fact that terrorism and other nefarious activities survive only on the black economy: Modi

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Foundation of a bright future has been laid through the sweat and toil of people, says Modi

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Government will focus on normalising the banking system: Modi

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Make 5 digital transactions to help India become 'sone ki chidiya': Modi

PM launches app named after Dalit icon BR Ambedkar

Latest News : With 50 days of note ban “pain” that Prime Minister Narendra Modihad sought from the people having expired, he appealed for greater numbers to switch to digital transactions on Friday.

Narendra Modi said the note ban decision and digital transactions could usher in India’s golden age, that India would again become the ‘sone ki chidiya’, the proverbial golden bird that signified its wealth. He said note ban was evidence of his commitment to uplifting the poor, and claimed how divine intervention has supported his cause.

Modi said the monetary gains from note ban will be used for welfare of the poor.

At an event to distribute cash awards to people who have used digital transactions at the DigiDhan Mela at Talkatora Stadium, the PM appealed to people to carry out five digital transactions from 1 January, 2017.

He also launched an app called ‘Bhim’, named after the architect of Constitution of India Bhim Rao Ambedkar, to encourage digital transactions. Modi extolled the contribution of Ambedkar to India’s economic planning.

Ambedkar is a Dalit icon. Modi, the Bharatiya Janata Party and the larger Sangh Parivar has tried to reach out to the Dalits, which do not constitute its traditional support base, in the last couple of years. Majority of Dalits, who along with Muslims are two of the poorest communities in India, are not part of the formal economy. They also comprise a significant 20 per cent of the electorate in Uttar Pradesh and over 31 per cent in Punjab. Both of these states go to polls in February-March. Read More

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PM Modi's New Year's Eve speech: Relief for farmers, SME sector in focus

Modi is still the Sangh's best bet: Why RSS has backed demonetisation

Whom all did PM Modi consult on demonetisation, asks Rahul Gandhi

How to make and receive payments digitally using Modi's BHIM app

Modi govt took demonetisation decision without forethought: Congress

Failed expectations? Tax mop-up may decline in new amnesty scheme

Breaking News - The government might receive Rs 5,500 crore as tax by those declaring hitherto undisclosed in the amnesty scheme that closes next March.

The government received Rs 6,800 crore as tax in a scheme that ended in September, lower than the initially expected Rs 7,500 crore.

Those declaring unaccounted wealth till September were allowed to pay 25% of the tax amount in two installments by November 30 and March 31 and 50% in a third installment by September 30, 2017. Many evaders paid the entire tax due by using demonetisationRs 500 and Rs 1,000 notes, an official said. “Many people have overpaid the first instalment.

Some have even paid the full amount due, while others have paid 50% or 70%. They used this as an opportunity to discard their old notes,” the official added.

Those declaring undisclosed income in the previous scheme had to pay 45% of the declared amount as taxes, penalty and surcharge. Although the government earlier said it had verified disclosures of Rs 67,382 crore, declarations of over Rs 10,000 crore were cancelled. This was higher than the Rs 65,250 crore announced by the government a day after the scheme closed.(Read More)

Brexit, note ban, Trump and more: 10 events that moved the markets in 2016

After a roller-coaster year, Indian indices set to end 2016 with little gains

Breaking News - The year 2016, indeed, has been a year of many surprises. From Britain’s unexpected vote to exit the European Union to Republican candidate Donald Trump’s upset victory in the US Presidential election, from Raghuram Rajan’s decision of not seeking a second term as the Reserve Bank of India (RBI) governor to India’s sudden surgical strike on Pakistan – the Indian stock market dealt with all these shocks through Markets 2016. The biggest of them all, however, was the government’s call towards the end of the year to demonetise Rs 500 and Rs 1,000 currency notes.

After 12 months of a roller-coaster ride, the market now seems poised to end the calendar year at almost the same level as at the start of 2016. As at close on Tuesday, the BSE benchmark Sensex was merely 96 points, or 0.4%, higher at 26,213.44, and the broader National Stock Exchange Nifty was up 86 points, or 1%, at 8,032.85.

1. January: The devaluation of the yuan

2. February: Union Budget 2016-17

3. June: The so-called Rexit

4. Brexit

5. July-September: Monsoon, GST Bill

6. September: Surgical strike

7. November: Donald trumps Hillary in US election

8. November: Demonetisation of high-value currency

9. December: Surge in oil prices

10. Another rate hike by the US Fed

What lies ahead?

Going into the calendar year 2017, the market will track the demonetisation impact on quarterly earnings. The Budget 2017 and any development on GST will also be in focus. Baliga believes the Union Budget could be tilted to balance the ill-effects of demonetisation. On the global front, Trump’s policies in the US and the impact of Brexit on the European economy will be keenly watched.

Read Article Source>>>

Be Updated on Stock Market News & Latest Business News | Business Standard

Apple aims to expand in Southeast Asia, partners with Foxconn

Breaking News - In an effort to expand its market to Southeast Asia, technology giant Apple has partnered with Taiwanese electronics major Foxconn, media reports said.

According to a report on DigiTimes on Monday that cited a Chinese-language Economic Daily News report, Apple is expected to begin constructing two new Research and Development centres in Asia in 2017 located in Indonesia and Shenzhen, China.

Foxconn has already been working with local Indonesian brand vendors Luna and Huawei for few years.

It is believed that Indonesia will witness a rise in demand for 4G smartphones in 2017 as the government will push policies to encourage citizens to upgrade from 2G to 4G services.(Read More)

Nose wheel snag, pilot error may have led to Jet flight veering off runway

The Boeing aircraft veered 250 metres off the runway and its nose gear collapsed

A snag in nose wheel steering or a pilot error may have led to the veering of Jet Airways Accident Mumbai-bound Boeing 737 flight at Goa airport on Tuesday morning.

The incident took place at 4.45 am when the aircraft carrying 154 passengers and seven crew was lining up for take off at the runway. Ten passengers were hurt during evacuation.

An investigation is underway to find the reasons behind the incident. Investigators will check the aircraft digital flight data recorder to know the cause.

Investigators will also check runway surface conditions and the work patterns of the pilots.

The Boeing aircraft veered 250 metres off the runway and its nose gear collapsed after getting bigger down in soft ground.

Human error may have led to the incident. Breaking News An incorrect application of take off go around thrust (TOGA) can lead to runway excursions. "If the switch is pressed at an inappropriate time, before stabilising of thrust and proper line up on the runway, the aircraft can achieve take off thrust and lose directional control," a senior commander said.

The other probability could be a malfunction in aircraft auto throttle system which is designed to provide the required level of thrust to engines in various stages of flight.

" I believe that in light of the Boeing 737NG in the past having issues with nose wheel and main wheel there could also be a possibility of the nose wheel steering or the tiller being unresponsive to pilot input thereby preventing the aircraft from being aligned with the runway heading in time for take-off," said aviation consultant Mark Martin.

“A significant factor that emerges with this incident in Goa is that morning winds at Dabolim Airfield tend to gust between 15Kts (28 km/per Hour) to 30 kts (68 km/per hour) during between 0500 and 0900 which as we know commonly know as the “Sea-Breeze-Land-Breeze” phenomena; and as a result, this may have also acted as an external force factor with deviating Boeing 737off its assigned runway heading and eventually off the runway," Martin added.

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Prompt Navy rescue helps avert mishap of Jet aircraft in Goa

Photos: Jet Airways flight skids off the runway in Goa, 15 injured

Goa airport operational after Jet Airways flight skids of runway

Rs 30 crore on day one: Dangal off to a promising start

The Aamir Khan-starrer clocked Rs 30 crore on its opening day in India

Disney India’s latest release Breaking News : Dangal has clocked Rs 29.8 crore on opening in India, thanks to the Christmas weekend. The film, directed by Nitesh Tiwari, is the story of wrestlers Geeta and Babita Phogat (played by Sanya Malhotra and Fatima Sana Shaikh) and their relationship with their father, also a wrestler, Mahavir Singh Phogat(played by Aamir Khan).

Dangal was released across 4,300 screens in India on Friday, followed by its overseas release in the US, Gulf and the UK on Wednesday. The opening trend in India is in line with the global one, as it collected close to a million dollars from the UK, the US and Gulf market on its opening day.

Occupancy rates on Friday were healthy and collections are expected to jump by 25 to 30% on Saturday, and sustain the growth on Sunday. By trade estimates, the film should cross Rs 100 crore in the first three days, in India only.

Western territories of Maharashtra and Gujarat contributed as expected to the collections. In addition, the Bihar and heartland belt saw traction, too, while the South Indian dubs contributed nearly Rs 60 lakh in collection. The film was released in Hindi with Tamil and Telugu dubs (nearly 250 screens).

Made at a budget of Rs 75 crore, the film needs to make Rs 150 crore to break-even and book profits. Given the opening trend, this should be achieved in the first week itself. Read Article Source >>>

Also Read About Dangal Movie Review :

Dangal enjoys tax-free status in Chhattisgarh

'Dangal' mints Rs 100 crore in opening weekend

Dangal beats demonetisation, rakes in over Rs 29 cr on Day 1

Strong law against benami property: Modi defends changes in note ban rules

Breaking News : Dismissing the criticism of frequent changes in rules after demonetisation, Prime Minister Narendra Modi on Sunday alleged that those who cannot endorse corruption and black money openly are relentlessly finding fault with his government. He vowed to take forward the fight against unaccounted money and corruption by implementing a strong law against benami properties.

“I assure you this is just the beginning in our fight against corruption. We have to win this war. There is no question of stopping... there is no question of retreat,” said Narendra Modi, under sharp attack from the Opposition over demonetisation, with Congress Vice-President Rahul Gandhi levelling allegations of “personal corruption” against him.

In his last monthly address this year in the Mann ki Baat programme, Modi defended the changes in the rules related to deposits and withdrawals, saying these have been done to reduce people’s problems and defeat the forces which are out to thwart his government’s fight against black money and corruption.

“Being a sensitive government, it amends rules as required, keeping the convenience of the people as its foremost consideration, so that citizens are not subjected to hardships,” said Modi. At the same time, it has to come out with “antidotes” against new tactics of the “murky enterprise of perfidy and corruption”.

“People, who cannot endorse corruption and black money openly, resort to searching for faults of the government relentlessly,” he said, lashing out at critics.

He said that some people who are spreading rumours that political parties enjoy all concessions and exemptions “are wrong” and asserted that “all are equal before law” and they have to abide by it. Read More

Movie review: Dangal aims high but misses the gold medal

Dangal wants to have the best of both drama and reality, but ends up being stranded in no man's land

Breaking News : It’s not often that the opening credits of a Bollywood film make you smile. Quite early in Dangal, when the names of different production members come on screen, at one point, we see the credit ‘wrestling coordinator’. The name under it is Kripa Shankar Bishnoi, followed by Arjuna Award in brackets. Bishnoi, a coach of the Indian women’s wrestling team, trained Aamir Khan and other actors for the film. It’s heartening to know that Dangal — a film centred on wrestling, detailing the struggles of Indian wrestlers – cares about a real-life wrestler, too, taking an extra step to highlight his achievement. This gesture’s all the more important, because in a country like India, recognition in a sport, other than cricket, is hard to come.

Dangal Movie Review cares about the world it’s set in, achieving much by trying little. When Mahavir Singh Phogat (Khan), a famed wrestler, expecting his second child to be a boy, gets to know that his wife has given birth to a girl, his friend says, “Koi na (it’s okay)” – a more gentle way of saying “shit happens”. It’s a blink-and-miss moment in the film, but at the same time, a much-needed and quiet indictment of patriarchy. When Mahavir’s girls, Geeta and Babita, wear shorts for the first time, so that they can jog easily, they look visibly embarrassed, worried whether their knees are visible. When Mahavir’s wife (Sakshi Tanwar) apologises to him for not giving birth to a son, he says, “Isme teri galti thodi na hai (its not your fault)” This scene, too, is an important moment in the film, because it talks about a certain kind of Indian man, who isn’t a misogynist, but being deeply entrenched in notions of patriarchy, hasn’t come to terms with gender equality, either.

And given Mahavir is played by Khan, a Bollywood star, it’s commendable that he isn’t virtuous by default. Even his ultimate realisation – that girls are no different than boys – seems natural, for it’s rooted in personal desire. “A gold is a gold. How does it matter whether it comes from a girl or a boy?” It’s also impressive that the film doesn’t try to make Mahavir likeable. He doesn’t care about niceties, doesn’t take no for an answer. He’s a hard taskmaster, subjecting his girls, often against their will, to gruelling training, not listening to what they want, taking every measure to ensure they don’t get distracted – even if that means getting their hair chopped, dragging them from a wedding celebration, rebuking them constantly. Read More

Ravichandran Ashwin becomes the ICC Cricketer of the Year

Batsman Rohit Sharma and all-rounder Ravindra Jadeja were named in ICC's ODI team of the year

Breaking News : India's premier off-spinner Ravichandran Ashwin on Thursday was named the International Cricket Council's (ICC) Cricketer of the Year, while Test skipper Virat Kohli was chosen to lead the ODI Team of the Year.

Ashwin was the only Indian in ICC's Test Team of the Year and was also named the Test Cricketer of the Year. Batsman Rohit Sharma and all-rounder Ravindra Jadeja were named in the ODI team.

Pakistan captain Misbah-Ul-Haq won the ICC Spirit of Cricket Award, becoming the first player of his country to win the award.

South Africa's Quinton de Kock was selected the ODICricketer of the Year.

Afghanistan's Mohammad Shahzad was named the ICCAssociate Cricketer of the Year while the West Indies all-rounder Carlos Brathwaite won the T20 International Performance of the Year.

Bangladesh pace sensation Mustafizur Rahman was given the Emerging Cricketer of the Year. Read More

India seal 4-0 win over England as Ravindra Jadeja takes 7/48

Spinner Jadeja was the hero of the day as he returned exceptional figures of 7/48 to spell doom for England

India pulled the curtains down on England's winter of discontent in the manner befitting their dominance as the hosts clinched the five-match series 4-0 with an innings and 75-run victory in the fifth and final cricket Test here on Tuesday.

Spinner Ravindra Jadeja was the hero of the day as he returned exceptional figures of 7/48 to spell doom for England.

Jadeja's effort deserves special mention as he shone on a pitch where there were no demons. However, triple-centurion Karun Nair walked away with the Man of the Matchaward for his unbeaten 303-run knock that set the tone for the victory.

In the process of winning their ninth match of the year to stretch an unbeaten run to 18, the hosts wrote and rewrote a plethora of records, including notching up their biggest-ever series victory over England.

Their previous best was the 3-0 verdict under Mohammed Azharuddin's captaincy in 1992-93.

Having made a sedated start to the day, England made a hash of it after tea as they lost their last six wickets for a mere 15 runs.

England were staring down the barrel at 200 for eight, with Jadeja doing the bulk of the damage in an exceptional display of slow bowling on a pitch that was one of the flattest in recent times. Read More

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India ends 2016 as No. 1 ranked ICC Test Team

शो के दौरान करण जौहर ने सहलाया करीना का बेबी बंप, नाराज हुई करीना कहा 'दूर हटो'

करीना को ‘ग्लैमर डीवा ऑफ द इयर’ का पुरस्कार दिया गया

18 दिसम्बर की शाम को लक्स गोल्डन रोज अवार्ड्स का टीवी पर टेलीकास्ट हुआ। शो में कई दिग्गज बॉलीवुड सितारे शामिल हुए। जिन्होंने शो में जमकर मस्ती और डांस परफॉरमेंस किया। शो में कई दिग्गज सितारों को अवार्ड्स से सम्मानित किया गया। इनमें सैफ अली खान की पत्नी करीना कपूर भी शामिल थी जिन्हें ‘ग्लैमर डीवा ऑफ द इयर’ का पुरस्कार दिया गया। इस दौरान जब करीना अवार्ड लेने स्टेज पर पहुंची तो शो को होस्ट कर रहे करण जौहर और अर्जुन कपूर ने कुछ ऐसा किया जिससे करीना ने उन्हें पीछे हटने के लिए कहा।

जी हां जैसे ही करीना स्टेज पर पहुंची करण और अर्जुन कपूर ने उनकी खिचाई करना शुरू कर दिया। स्टेज पर पहुंची करीना कपूर से करण ने पूछा ‘उन्होंने अपने बच्चे का नाम क्या सोचा है’? इस पर करीना ने कहा कि आप मुझसे पर्सनल सवाल नहीं पूछ सकते हैं। ये भी पढ़ें: नेहा धूपिया के सवालों पर क्लीन बोल्ड हुए सिक्सर किंग युवराज सिंह

मामला बिगते हुए देख करण ने कहा कि आप प्रेग्नेंसी के दौरान भी ज्यादा खूबसूरत दिखती हो। करण ने कहा कि बेबो ऐसी पहली एक्ट्रेस हैं जिन्होंने प्रेग्नेंसी के दौरान भी काम करना नहीं छोड़ा। इस दौरान अर्जुन कपूर भी कहा कम थे उन्होंने कहा कि करीना क्या आप अभी भी हाई हिल्स में डांस कर सकती हैं।

इन सबके बाद जब करीना स्टेज से जाने लगी तो करण ने कहा कि वो करीना का पेट रब करना चाहते हैं और तुरन्त बेबो का पेट रब करने लगते हैं इस दौरान अर्जुन कपूर भी ऐसा करने लगते हैं। इस दौरान जब करीना को ये सब ठीक नहीं लगा तो उन्होंने सख्त होकर कहा कि ‘पीछे हट जाओ’।

Miss Puerto Rico lands Miss World 2016 crown

Stephanie del Valle of Puerto Rico Miss World 2016 has been crowned Miss World 2016, edging out runners-up from the Dominican Republic and Indonesia, and beauties from around the globe.

Del Valle, 19, is a brown-eyed brunette student who speaks Spanish, English and French, and hopes to get into the entertainment industry.

Crowned by Miss World 2015 Mireia Lalaguna of Spain, del Valle yesterday called it an "honor and a great responsibility" to represent her Caribbean homeland.

First runner-up was Yaritza Miguelina Reyes Ramirez of the Dominican Republic, followed by Miss World Indonesia Natasha Mannuela.

Contestants from Kenya and Catriona Gray of the Philippines also were in the final five.

Canada's Miss World representative, Chinese-born Anastasia Lin was embroiled in a controversy when pageant officials reportedly warned her against speaking to the press for three weeks about human rights abuses in China. She was given the green light again on Wednesday.

Last year, China blocked Lin from attending the same contest when it was held in the city of Sanya.

Full text: RBI caps deposits exceeding Rs 5,000 to just one before 30 Dec

The new restrictions are meant to encourage deposits of demonetised currency notes under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.

The RBI on Monday restricted deposits of demonetised Rs 500 and Rs 1,000 notes in excess of Rs 5,000 only once till December 30 -- after strict scrutiny.

The new restrictions are meant to encourage deposits of demonetised currency notes under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.

In its notification, the Reserve Bank of India instructed all the banks to give full credit to demonetised notes over Rs 5,000 only in the case of accounts compliant with 'Know Your Customer' (KYC) norms

If the accounts are not KYC compliant, then the credit for deposits of demonetised currencies will be restricted to Rs 50,000.

Here is the full text of the RBI notification:

RBI/2016-17/189

DCM (Plg) No. 1859/10.27.00/2016-17

December 19, 2016

The Chairman / Managing Director/ Chief Executive Officer,

Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural

Banks / Urban Cooperative Banks/ State Cooperative Banks

Dear Sir,

Withdrawal of Legal Tender Character of existing ? 500/- and ? 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts

Please refer to Circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 on the captioned subject. On a review of the provisions ii, iii and iv at C of Para 3 dealing with credit of the value of SBNs into bank accounts it has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016 as indicated below: Read More

Amazon launches Prime Video with 9 original titles from India

Includes original titles from India; American e-commerce giant will make service available in India at Rs 499 yearly, for now, compared to Netflix's starting price of Rs 500 a month

American e-commerce giant Amazon Prime announced the launch of its Prime Video service in India, after a year of preparation. It will be available at Rs 499 a year as an introductory offer, and includes a month's free trial.

The content library has a range of Hollywood and other international movies and TV shows. With this, Amazon Prime has announced the launch of nine Indian original shows, making it the largest Indian original line-up on an OTT (over-therop, meaning delivery of media service over the internet without a multi system operator deciding content) platform.

"After the US and Japan, India is a focus market in terms of content creation. While preparing for the launch, we realised that while there is an appetite for international library and original content (already available on Prime), Indian viewers also have an appetite for good local content. So, we went ahead and collaborated with a range of Indian talent to create the original shows," says James Farrell, head of content, Asia-Pacific, Amazon Prime and Amazon Studios.

With this pricing, it is among the cheapest of OTT services in India, along with Zee's Ditto TV. American peer and global competitor Netflix, which launched in January this year, offers three tiers of membership for Rs 500, 650 and 800 a month. Indian entities Eros Now (Rs 49 and Rs 99 a month) and Hotstar (Rs 199 a month) offer some content for free; premium content is charged. In the case of Amazon, a prime customer has access to the entire library in the country. One connection can be viewed on three devices simultaneously and accessed from anywhere in the world.

Amazon Prime Video Launch can be watched using the new Prime Video app for Android phones and tablets, on the Prime Video app for iPhones and iPads, on the new Welcome to Prime Video website, and on popular internet connected TVs and gaming consoles. The Prime membership also includes free shipping all over the country. Read More

Mandhana Industries Surges On Listing Of Mandhana Retail Ventures

Mandhana Industries too locked in upper circuit of 20% at Rs 41.55 on the BSE

Shares of Mandhana Industries rallied as much as 18 per cent to hit an intraday high of Rs 36.30 after its retail arm Mandhana Retail Ventures, which has rights to sell Salman Khan's Being Human Foundation products, got listed on the stock exchanges earlier in the day.

Including today's gains Mandhana Industries has surged 42 per cent in last two trading sessions.

In August, the company entered into an agreement with actor Salman Khan's Being Human Foundation to sell products under the trademark of 'Being Human' brand.

"Shares of The Mandhana Retail Ventures Ltd are listed and admitted to dealings on the exchange in the list of 'T' Group Securities," Bombay Stock Exchange said in a statement.

On listing, Mandhana Retail Ventures shares were locked in upper circuit of 5 per cent at Rs 226.80.

Shares of Mandhana Industries ended 13 per cent higher at Rs 34.65. Read More