People in News

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1. Religare Enterprises elevates Maninder Singh as Group CEO

Diversified financial services major Religare Enterprises (REL) has elevated Manindar Singh as the group Chief Executive Officer (CEO). He has replaced interim Group CEO Nalin Nayyar. Read more

Economy News-Daily Digest: 8 Key Updates

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1. At Rs. 27,157 crore, Hindustan Zinc’s total dividend payout is largest this fiscal year

Hindustan Zinc has announced a one-time interim dividend of Rs. 13,985 crore for the financial year 2016-17. This takes the total dividend paid by the Vedanta group controlled-company during this financial year to Rs. 27,157 crore, making it the largest dividend outflow by any company in India in a single financial year. As the Centre has a 29.5% residual stake in the company, Rs. 11,259 crore will go to the exchequer. Read more

International News-Daily Digest: 3 Key Updates

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1. Taliban captures southern Afghan city of Sangin

Taliban has captured the crucial city of Sangin in southern Afghanistan after a year-long battle. Afghan forces have made a tactical retreat from the centre of Sangin. The fall of Sangin came amid the insurgents’ year-long push to expand their footprint in the Taliban heartland of Helmand province. It signals growing strength of Taliban in Afghanistan. Read more

National News-Daily Digest: 10 Key Updates

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1. Amendments to finance bills make way for donations to political parties

India Inc can make donations to political parties without any restraints now. The amendments to the Finance Bill, passed in the Lok Sabha have removed the existing cap of 7.5% of their average net profits for last three financial years. The amendments include reduction to the limit for cash transactions to Rs. 2 lakh from the earlier envisaged Rs. 3 lakh for Income Tax. Companies now do not have to disclose in their profit and loss accounts the name of the political parties to which they contributed. Read more

Bihar Diwas celebrated on March 22

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Bihar Diwas celebrated on March 22

The 105th Bihar Diwas was celebrated on March 22 as the day commemorates the foundation day of the state. Bihar was carved out of united Bengal on March 22, 1912. Before that Bengal, Bihar, Jharkhand and Orissa were part of the Bengal province during the British rule. Read more

People in News

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1. SEBI appoints Madhabi Puri Buch as its Whole Time Member

Madhabi Puri Buch has been appointed as the Whole Time Member of Securities and Exchange Board of India (SEBI) for a period of three years.
This appointment marks the first time that a woman and a person from the private sector was chosen for a key post in SEBI. So far, Members and Chairman at SEBI were mainly appointed from public sector institution such as the Reserve Bank of India (RBI) and Indian Administrative Services (IAS). Read more

Economy News-Daily Digest: 9 Key Updates

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1. Govt to continue squeeze on cash deals with Rs. 2-lakh cap

In the official amendment to the Finance Bill, 2017, the government has proposed that limit of Rs. 3 lakh for cash transactions, beyond which it is illegal, be reduced to Rs. 2 lakh. The penalty for violating this is a fine equivalent to the amount of transaction. Accepting the proposal of the Special Investigation Team headed by Justice MB Shah (retired), the Union Budget 2017-18 on February 1 had originally proposed to cap cash payment for a single transaction at Rs. 3 lakh, beyond which they would be illegal. Read more

International News-Daily Digest: 2 Key Updates

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1. US bans laptops, iPads on flights from West Asia, Africa

The US Transport Security Administration’s (TSA) move to ban laptops and iPads in handbags from airports in West Asia and Africa including on flights from Dubai and Abu Dhabi will prove a major boon for Air India and other Indian and American carriers that have direct flights linking the two countries. The US has announced a ban on large electronic devices in cabin baggage on passenger flights from airports in eight Muslim-majority countries- Dubai, Abu Dhabi, Riyadh and Jeddah, Doha, Kuwait and Istanbul. The airlines likely to be affected are Emirates, Qatar Airways, Saudi, Etihad and Turkish. Read more

National News-Daily Digest: 10 Key Updates

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1. AP, Telangana budgets bigger than unified State’s

The budgets of Andhra Pradesh and Telangana have gone up significantly, growing well beyond what the unified State budgeted three fiscals ago. The States unveiled their budgets, each of which is bigger than what the unified State had in 2012-13. Telangana’s budget for 2017-18 has shot up to Rs. 1.49 lakh crore and that of Andhra Pradesh is Rs. 1.57 lakh crore. Strikingly, both budgets are bigger than that of the unified State in 2012-13, which was Rs.1.46 lakh crore. Read more

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