Cheat Sheet

  • Lalu Yadav, Family Raided And Charged By CBI Over Land Scam: 10 Points
    Lalu Yadav and his son Tejashwi, Bihar's Deputy Chief Minister, have been formally charged with corruption by the CBI, which today raided a dozen places including their home in Patna in connection with a land scam. "It is a conspiracy," said the former Chief Minister, hitting out at Prime Minister Narendra Modi and his BJP. Mr Yadav's wife Rabri Devi, also a past Chief Minister, is among those named in the investigating agency's complaint.
  • No Entry to BJP's Roopa Ganguly, Left Team In Riot-Hit Basirhat: 10 Facts
    Roopa Ganguly and other BJP leaders were today stopped near the Kolkata airport as they attempted to visit Basirhat, where violence erupted again yesterday after a police lathicharge. Teams from the Congress and the Left were asked to turn back too by the police, which has barricaded Basirhat, about 100 km from state capital Kolkata. The opposition parties said they were going to the town to appeal for calm; Chief Minister Mamata Banerjee has requested them to keep away, promising that no leader from her Trinamool Congress will go there either.
  • What To Do In Case Of Online Banking Fraud: 10 Facts On New Rules
    In case of any loss due to unauthorised electronic banking transactions, Reserve Bank of India (RBI) has issued a revised notification that limits liability of customers. "With the increased thrust on financial inclusion and customer protection and considering the recent surge in customer grievances relating to unauthorised transactions resulting in debits to their accounts/cards, the criteria for determining the customer liability in these circumstances have been reviewed," the Reserve Bank stated in its notification. For safe e-banking transactions, banks must design their systems and procedures accordingly, it added.
  • Fresh Violence In West Bengal's Basirhat After Police Lathicharge, Several Injured: 10 Updates
    After about half a day of calm, violence erupted again late on Thursday afternoon in Basirhat, a town 100 km from Kolkata, after the police used batons on angry crowds who alleged that cops were detaining only Hindu youth for the last three days since riots began. The area's legislator Dibyendu Biswas, of the ruling Trinamool Congress was present during the detentions and locals alleged that he pointed out Hindu homes to the police to be searched. Men and women spilled out on to the streets and on a three-kilometre stretch of the main road through Basirhat, 20 odd groups burnt tyres and stopped and searched cars for the Trinamool MLA. Police vehicles were also stoned.
  • Jews From India Played Key Role In Israel's Development: PM's Top Quotes
    Prime Minister Narendra Modi, who is on a three-day visit to Israel, addressed the Indian community at the Tel Aviv Convention Center on Wednesday evening and announced that rules have been eased for Overseas Citizen of India (OCI) cards for people of Indian origin in Israel. In more good news for Indians there, he also announced a new Delhi-Mumbai-Tel Aviv flight. The prime minister also said that the Jews of India played a key role in the development of Israel.
  • Centre Asks Mamata Banerjee For Report On Communal Tension: 10 Points
    Home Minister Rajnath Singh has asked West Bengal for a report on communal clashes in towns near Kolkata over a Facebook post. Mr Singh spoke to Chief Minister Mamata Banerjee this morning. Violence engulfed large parts of the North 24 Parganas district after a derogatory post on Prophet Mohammed by a 17-year-student of Baduria, who has been arrested. The centre yesterday rushed about 400 paramilitary personnel to the state.
  • PM Modi Announces New Flight To Israel, Rules Eased For OCI Cards: 10 Updates
    Hours after India and Israel elevated their ties to a "strategic partnership", Prime Minister Narendra Modi on Wednesday announced a direct Delhi-Mumbai-Tel Aviv flight and simplified rules for getting Overseas Citizen of India (OCI) cards, drawing loud cheers from the 5000-strong crowd of Indians at the Tel Aviv Convention Centre. It was for the first time in 70 years, he said, that an Indian Prime Minister got the opportunity to visit Israel. "This is a matter of joy," PM Modi said.
  • Army Says China Did Not Use Bulldozers to Destroy Bunkers: 10 Updates
    Chinese troops did not use bulldozers to destroy Indian bunkers in Sikkim last month, the Indian Army has said, also denying reports that soldiers from the two sides engaged in a scuffle at the border amid a face-off. The Army has also denied that the current tension at the border is the longest standoff between the two countries since the 1962 war. Navy officials have, meanwhile, said that the presence of a Chinese submarine in the Indian Ocean region has nothing to do with the border tension.
  • Groundbreaking Visit Celebrates India-Israel Bond, Says PM Modi: 10 Facts
    Prime Minister Narendra Modi was received at Tel Aviv's Ben Gurion airport on Tuesday evening by his Israeli counterpart Benjamin Netanyahu in a welcome at par with that given to US Presidents. The two leaders shook hands and hugged warmly. This is the first-ever visit to Israel by an Indian Prime Minister and Mr Netanyahu has announced that he will "accompany the Indian Prime Minister at many events during his visit as befits the leader of the largest democracy in the world".
  • Sensex Surges 300 Points On GST Rollout; ITC Posts Biggest Gain In A Year
    Indian stock markets moved sharply higher on Monday, boosted by the rollout of GST amid higher global markets. GST or goods or services tax was rolled out from July 1 in biggest tax reform since Independence. Analysts say that GST, which replaced more than a dozen central and state levies, will boost economic growth over the long term and also improve ease of doing business. "Investors will be closely watching how the GST implementation proceeds," says VK Sharma of HDFC Securities.
  • 10-Point Guide To PM Narendra Modi's Historic Visit To Israel
    Prime Minister Narendra Modi is making the first ever visit to Israel by an Indian premier in a public embrace of a country that he has long admired for its military and technical expertise but which his predecessors kept at arm's length. The scale of the ongoing collaboration with Israel dwarfs anything India is attempting with the Palestinians, officials say. "Tomorrow, I begin a historic visit to Israel, a very special partner of India's," PM Modi tweeted on Monday.
  • Sensex Cheers GST Regime, Surges 300 Points; ITC Rallies 10%
    Indian stock markets moved sharply higher on Monday, boosted by the rollout of GST amid higher global markets. GST or goods or services tax was rolled out from July 1 in biggest tax reform since Independence. Analysts say that GST, which replaced more than a dozen central and state levies, will boost economic growth over the long term and also improve ease of doing business. "Investors will be closely watching how the GST implementation proceeds," says VK Sharma of HDFC Securities.
  • No Films At Movie Theatres in Tamil Nadu From Today: 10 Updates
    No films will be screened at cinema halls across Tamil Nadu from today, indefinitely, as their owners protest against a 30 per cent municipal tax that the state government has announced apart from the levies that have kicked in under the new Goods and Services Tax or GST regime. They have cancelled screenings and shut halls demanding that the municipal tax be withdrawn. They want only a single GST tax, saying both together will be an unaffordable 60 per cent.
  • GST Is Here. How It Will Impact You In 10 Points
    The historic GST or goods and services tax has become a reality. The new tax system was launched at a function in Central Hall of Parliament on Friday midnight. GST, which embodies the principle of "one nation, one tax, one market" is aimed at unifying the country's $2 trillion economy and 1.3 billion people into a common market. Under GST, goods and services fall under five tax categories: 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. For corporates, the elimination of multiple taxes will improve the ease of doing business. And for consumers, the biggest advantage would be in terms of a reduction in the overall tax burden on goods. "Inflation will come down, tax avoidance will be difficult, India's GDP will be benefitted and extra resources will be used for welfare of poor and weaker section," Finance Minister Arun Jaitley said at GST launch event in Parliament.
  • How Does GST Work? Explained Here In 10 Points
    With GST rolling out from July 1, the new tax regime subsumed a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy are many. It is estimated that GST could raise GDP or gross domestic product growth by 1.5-2 per cent in the long term. Commenting on the benefits of GST, Finance Minister Arun Jaitley said the new tax regime has multiple benefits - it will create a national market, enhance ease of doing business and improve tax compliance. For consumers, Mr Jaitley said, it will lower the overall tax burden on consumers.

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