Cheat Sheet

  • TDP Quits BJP-Led Alliance: All You Need To Know About No-Trust Motion
    After storming out of the BJP-led alliance today, Andhra Pradesh Chief Minister and Telugu Desam Party (TDP) chief said it would ask for a no-confidence vote against the government in parliament, competing with rival Jaganmohan Reddy's YSR Congress, which had submitted the notice yesterday. The two no-confidence motions, with their target audience back in Andhra Pradesh ahead of polls next year, do not endanger the government, which has enough numbers in the Lok Sabha. But how does it work?
  • Daler Mehndi Convicted In Immigration Fraud, Gets Bail: 10 Points
    Popular Punjabi singer Daler Mehndi was today sentenced to two years in jail in an immigration scandal in 2003. The pop singer, however, was granted bail minutes after he was taken into custody. The police had charged him and his late brother Shamsher Singh of illegally sending people abroad disguised as members of their troupe. They collected a hefty "passage fee" for the job. The 50-year-old singer's lawyers plan to appeal in a higher court now.
  • What Triggered Chandrababu Naidu To Withdraw TDP From NDA: 10 Points
    The Telugu Desam Party (TDP), which has been demanding a special category status for Andhra Pradesh from the centre, today walked out of the alliance formed by the ruling BJP in 2014. The party said that it was only demanding what it was promised when Telangana was carved out of it. But despite numerous meetings with the central leadership, the TDP chief and Andhra Pradesh Chief Minister Chandrababu Naidu has remained unsuccessful in getting the recognition for his state.
  • Facing 2 No-Trust Motions, Government Says 'Confident': 10 Points
    N Chandrababu Naidu's Telugu Desam Party (TDP) pulled out of Prime Minister Narendra Modi's coalition on Friday in a row over financial assistance to his state Andhra Pradesh. The TDP also said it would ask for a no-confidence motion against the government in parliament, competing with rival Jaganmohan Reddy's YSR Congress, which had submitted notice yesterday. "We are ready for a no confidence motion, confidence motion or any discussion on the floor of the house," Union Minister Ananth Kumar told NDTV.
  • 5 Reasons Why Chandrababu Naidu Exited NDA Government
    The Telugu Desam Party (TDP) president and Andhra Pradesh Chief Minister Chandrababu Naidu today withdrew support from Prime Minister Narendra Modi's coalition government over special status and financial assistance to his state. The TDP is set to bring a no-confidence separately against the Centre. The TDP has 16 members in the Lok Sabha, but its pull-out does not threaten the ruling coalition. Last week the TDP pulled its two ministers out of the central government but had stopped short of walking out of the alliance.
  • Sensex Closes 509 Points Lower, Nifty Gives Up 10,200: 10 Points
    The BSE Sensex fell 509 points to close at 33,176.00 on Friday, continuing its downward movement for the third straight session dragged down by finance, energy and metal stocks. The Nifty fell 165 points to settle at 10,195. Forty one stocks on the 50-scrip Nifty ended in the negative zone. Top losers on the Nifty50 were Indian Oil Tata Motors and UltraTech Cement.
  • Arvind Kejriwal On Apology Spree To End Legal Mess. Arun Jaitley On List: 10 Points
    Arvind Kejriwal's Aam Aadmi Party that has accumulated dozens of cases filed against its leaders has decided to start resolving them. For the 20-odd defamation cases pending against them, this implies AAP leaders will apologise, a party leader told NDTV after Chief Minister Kejriwal retracted his allegations against former Punjab Cabinet Minister Bikram Singh Majithia who he had last year accused of being a part of the drug trade in Punjab. Sources said the party is also considering making the apology offer to Finance Minister Arun Jaitley who had sued Mr Kejriwal for accusing him of corruption during his 13-year tenure as the head of the main cricket administration body for Delhi.
  • SBI Closed 41 Lakh Savings Bank Accounts Between April And January. Here's Why
    State Bank of India (SBI) said on Thursday that 41.16 lakh savings bank accounts, which were reported to have been closed after introduction of the requirement of average monthly balance, were not closed suo-moto. Earlier, an RTI query had revealed that SBI had closed as many as 41.16 lakh savings accounts between April and January in the current fiscal year for not maintaining the average monthly balance (AMB). This news was reported on a day SBI cut its penalty for non-maintenance of minimum balance in its savings accounts.
  • After Paper Leak Reports, CBSE Reads The Riot Act : Top 10 Points
    The Central Board of Secondary Education which conducts the Class 12 and 10 board examinations, has sent out strict guidelines after reports of leakage of the accountancy question paper on Thursday. The Board said Centre Superintendents are "solely and squarely responsible" for everything about examinations and they are free to call the police if needed. Earlier denying any paper leak, the CBSE said some "miscreants" were circulating rumours to disturb the examination.The Deputy Chief Minister of Delhi, Manish Sisodia, had tweeted that he had received complaints of the question circulating on social media since last evening and a set of the same question paper has reportedly reached him. He has also ordered an inquiry
  • Bandhan Bank IPO Subscribed Nearly 15 Times On Last Day Of Issue: Ten Things To Know
    Bandhan Bank's Rs 4,500 crore initial public offering (IPO) opened on Thursday (March 15) and closed on March 19. The bank sold 119.28 million equity shares, comprising a fresh issue of up to 97.66 million equity shares, and an offer for sale (OFS) of up to 14.05 million equity shares by IFC, and up to 7.5 million equity shares by IFC FIG. Bandhan Bank has 840 branches and 282 ATMs. Its CASA ratio is 29.4 per cent. The bank has deposits to the tune of Rs 23,230 crore, and they grew at the rate of 92.2 per cent. "Bandhan Bank provides attractive and profitable expansion opportunities. It's extensive, low cost distribution network with enhancement in digital platform to improve customer acquisition and retention would add to its future business potentials," said AUM Capital. Keeping these factors in mind, AUM Capital recommended shareholders to subscribe the issue for medium to long term perspective.
  • Sensex Falls Over 100 Points, Nifty Below 10,400
    The BSE Sensex fell as much as 102 points on Thursday dragged down by energy stocks. The BSE benchmark index Sensex touched an intraday low of 33,733 while the NSE Nifty declined 33 points to hit 10,376. Oil & gas stocks - down around 0.8 per cent in afternoon deals - weighed on the indices. Shares in the other Asian markets slipped broadly amid mounting investor concerns that growing trade tensions would hurt the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.45 per cent.
  • Rupee At 2-Week High, May Shift Away From 65-Mark, Say Experts: 5 Points
    The rupee on Wednesday ended at a two-week high of 64.83 against the US dollar following US inflation data and the 'Rexit'. For Thursday, US retail sales data - which have fallen for the third straight month, may guide the US dollar movement and in turn, affect the domestic currency, said experts. The rupee traded almost flat in most part of the day but fag-end dollar selling helped the local currency extend gains for the third day in a row. The dollar US weakened against major currencies owing to US inflation data and the 'Rexit'.
  • RBI Willing To 'Consume Poison' To Clean Credit Culture, Says Urjit Patel: 10 Points
    Feeling anger and pain over the recent Rs 13,000 crore alleged Punjab National Bank (PNB) fraud, Reserve Bank of India (RBI) said on Wednesday that it is determined to clean the banking space even if it faces brickbats. Governor Urjit Patel also defended RBI's role in the matter saying that the central bank has "very limited authority" over state-run banks, which are majority-owned by the government. This has, in effect, led to a system of "dual regulation", said Mr Patel, adding that this "fault line is bound to lead to tremors such as the most recent fraud". He was speaking at a university in Gujarat.
  • 5 Ways In Which Gorakhpur Loss Hits BJP Hard
    Gorakhpur, the Uttar Pradesh parliament seat that Yogi Adityanath represented as a BJP lawmaker for two decades before vacating it last year to take over as Chief Minister, has chosen the Samajwadi Party this time. The Samajwadi Party, backed in a rare arrangement by Mayawati's Bahujan Samaj Party, has also won the by-election in Phulpur, the seat vacated by Yogi Adityanath's deputy Keshav Prasad Maurya. The results deliver a body blow to the Uttar Pradesh chief minister, who took upon himself the task of asserting the party's hold in the state it swept in assembly elections last year, fronting the by-election campaign and seeking no reinforcements from the party leadership.
  • Sensex Recovers Most Of Day's Losses, Nifty Closes Above 10,400: 10 Points
    The BSE Sensex closed 21 points lower at 33,835 on Wednesday, recovering most of the day's losses, while the NSE Nifty closed above the 10,400 mark. Banking stocks, which had dragged down the indices earlier during Wednesday's session, rose with the Bank Nifty - the NSE's sub-index for banking stocks - closing 0.5 per cent higher. Oil stocks such as Indian Oil Corporation (IOC) and Oil and Natural Gas Corporation (ONGC) Ltd fell, after global crude prices firmed on strong Chinese factory data, finishing the day 1.5-3 per cent lower.

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