Defence Minister Rajnath Singh addressed Parliament today over the ongoing stand-off between Indian and Chinese troops along the LAC in eastern Ladakh. Stay tuned for Latest LIVE news

Parliament

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	Defence Minister Rajnath Singh addresses the Parliament over the ongoing stand-off between Indian and Chinese troops along the Line of Actual Control (LAC) in eastern Ladakh. The Opposition, led by Congress leader Rahul Gandhi, has been targeting the government over the issue and demanding a debate on it.</div>
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	A meeting of the Union Cabinet was scheduled to be held at 1:30 pm today at Parliament House Annexe. The meeting comes a day after the start of the monsoon session.</div>
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	Prime Minister Narendra Modi has virtually inaugurated and laid the foundation of seven urban infrastructure projects worth Rs 541 crore in Bihar.</div>
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	Apple is holding an online event tonight. The company is expected to unveil the Apple Watch Series 6 and new additions to the iPad family of tablets. Apple will stream the event on its website.</div>
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	<strong>Stay tuned for the latest news of the day.</strong><br />
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LIVE: LS passes Bill to suspend MPLAD funds, 30% salary cut for MPs

Business Standard

Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year


JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days


India's star Weightlifter Mirabai Chanu will be in action at 12:30 PM IST. Bopanna's mixed doubles match will begin at 10:30 am IST

India shooters Palak and Esha Singh won Gold and Silver in 10m air pistol women's individual event. India's medal count swells to 33 with 8 Gold, 12 Silver and 13 Bronze


Due to the protest, several trains on the Ambala-Shri Ganganagar route were cancelled on Thursday


The South Asian country wants to obtain another 400 of these guns, which would make the equipment about a sixth of all artillery pieces in the Indian armory


IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

The global sugar market has been jittery for weeks on concerns that poor rains will crimp output and prompt India to restrict shipments to contain local prices ahead of an election next year


Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Japan’s Parliament Set to Vote Suga in as New Prime Minister

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	Japanese ruling party leader Yoshihide Suga is set to be formally elected prime minister in a parliamentary vote Wednesday, becoming the country&rsquo;s first new premier since 2012.<br />
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	Suga&rsquo;s ruling Liberal Democratic Party is expected to use its majority in the powerful lower house of parliament to elect him to the post in a session that should start from about 1 p.m. Following the vote, Suga names his cabinet and the new ministers are likely to speak to the media before the end of the day.<br />
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	Suga&rsquo;s appointment, two days after he was selected as LDP leader, brings the curtain down on Prime Minister Shinzo Abe&rsquo;s record run of almost eight consecutive years in the country&rsquo;s top job. The 71-year-old Suga, who previously served as Abe&rsquo;s right-hand man, has pledged to keep in place his former boss&rsquo;s flexible fiscal stance and ultra-easy monetary policy known as &ldquo;Abenomics.&rdquo;<br />
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	While Suga has pledged to pick reformers for his cabinet, Kyodo News and other media reports say he has already decided to retain key players Finance Minister Taro Aso and Foreign Minister Toshimitsu Motegi. LDP Secretary General Toshihiro Nikai, a veteran political broker, will also stay in place under the new administration, the party announced Tuesday.<br />
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	Speculation about an early general election has simmered following a surge in support for the cabinet. Suga has repeatedly said it would be difficult to hold a vote while the coronavirus outbreak is still spreading. The power to dissolve parliament for a general election lies with the prime minister, and none need be held for another year.<br />
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			Yoshihide Suga</div>
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Opendoor to go public in Social Capital merger in $4.8 bln deal

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	Opendoor Labs Inc, the home-selling platform backed by SoftBank Group, said on Tuesday it has agreed to go public through a merger with a blank-check company led by venture investor Chamath Palihapitiya in a deal that will value the company at $4.8 billion.<br />
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	Opendoor buys properties from sellers and makes repairs, at a service charge, then lists them for sale. As part of the deal with Social Capital Hedosophia Holdings Corp II, Opendoor will get $1 billion cash, including $600 million from Palihapitiya and other investors such as BlackRock and Healthcare of Ontario Pension Plan.<br />
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	OpenDoor was hit hard by the pandemic this year, and laid off 35% of its workforce in April. As the home resale business started to recover, it looked for capital to fuel expansion and opted to go public through merging with Social Capital over a traditional initial public offering.<br />
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	The San Francisco-based firm wanted to access the public market faster and with more certainty, worried the U.S.<br />
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	presidential election and the second wave of coronavirus could cast shadow on its growth, according to a person familiar with the discussions. In a SPAC deal, the funds raised by the company are committed upfront.<br />
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	The merger is expected to close to by year end. Social Capital II shares jumped almost 35% on Tuesday.<br />
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EPF interest rate, 10-year govt bonds spread at 16-year high of 2.5%

As interest rates in India trend lower, the spread between the interest rate on employee provident fund (EPF) and 10-year government bonds has reached a 16-year high of 2.5 per cent or 250 basis points (bps). One basis point is one-hundredth of a per cent. <a href="https://mybs.in/2YQJblF" rel="nofollow" target="_blank">Read more</a>

Govt presents first batch of supplementary demand for grants: An explainer

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	The Centre has presented to Parliament its first batch of supplementary demand for financial grants to be made to various depart&shy;ments. The demand is to spend an additional Rs 2.36 trillion in FY21.</div>
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	The Centre presents its annual spending plan two months ahead of the beginning of a new fiscal year. But as the year progresses, the government takes stock of the spending done, the amount that remains to be spent, and considers the new requirements that demand a bigger sum than originally planned. While doing this, it also includes those departments who no longer need the money they had been assigned, or as the case may be, if the Centre is unable to earn the revenue so required. <a href="https://mybs.in/2YQJble" rel="nofollow" target="_blank">Read more</a></div>

Retail prices of tomatoes, onions, potatoes rise due to supply disruptions

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	Kolkatans had to fork out Rs 100 for a kg of tomatoes on Monday, while they paid 40 per cent less at Rs 60 just a month ago.</div>
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	Similarly, consumers in Delhi had to shell out Rs 41 to buy a kg of onions on Monday against just Rs 20 on August 14. Moreover, wholesale prices were just Rs 19 a kg in the national capital on Monday.</div>
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	Wholesale prices of potatoes, too, were Rs 25 per kg in Mumbai on Monday but end consumers bought it at Rs 43 a kg. They paid a bit less at Rs 40 a month ago. <a href="https://mybs.in/2YQJbll" rel="nofollow" target="_blank">Read more</a></div>

Open to discussing import of scotch whiskey from UK in larger measure: Goyal

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	Proposing a bilateral free trade agreement, Commerce and Industry Minister Piyush Goyal on Tuesday said India is open to discussing import of scotch whiskey from the UK a in larger measure.<br />
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	Goyal said he has proposed to the UK that both the countries should start engagement for a free trade agreement (FTA) as &quot;it is the need of the hour&quot;.<br />
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	India is committed to an FTA with the UK and it will also be good for Commonwealth countries, he added.<br />
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	&quot;I was hoping that that would have ... excited the British team. I had said that I am open to discussing import of scotch whiskey into India also in larger measure.</div>
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	&quot;...not that I drink scotch whiskey in any way, but my intention was, we hear that lot of spurious liquor that comes in the name of scotch to India, I was hoping that would put an end to spurious liquor, get genuine material for those who can afford and want it,&quot; he said while addressing CII&#39;s India-UK Economic Partnership Summit.<br />
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	&quot;But in the bargain, create lot of opportunities for our MSMEs, for our farmers, for our dairy, fishermen, handicrafts, textile, gems and jewelery. We have so many industries which have huge potential to work with the UK businesses,&quot; the minister added.<br />
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	Goyal said both the sides can increase cooperation in sectors where the UK is a net importer and India has a net competitive and comparative advantage.</div>

LS members support salary cut but many want local area development fund restored

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	Lok Sabha on Tuesday passed a bill to reduce for one year the salaries of MPs by 30 per cent to meet the &quot;exigencies arising out of Covid-19 pandemic&quot;, even as members of several parties demanded the restoration of the suspended MPLAD Scheme Fund.<br />
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	While supporting the cut in salaries, most Opposition members, who participated in the debate on &#39;The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020&#39;, urged the government to review its decision to suspend the MPLAD scheme saying it was necessary to carry out development work in their respective constituencies.<br />
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	The Cabinet had approved the temporary suspension of the Members of Parliament Local Area Development Scheme (MPLADS) Fund for 2020-21 and 2021-22 citing the coronavirus crisis. Under the scheme, members of both Houses can recommend development programmes involving spending of Rs 5 crore every year.<br />
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	Several Lok Sabha members on Tuesday said while they were willing for a further cut in their salaries, they would want the MPLAD Fund to be restored.</div>
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	Lok Sabha has 543 members and Rajya Sabha has a strength of 245.<br />
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	A member of Parliament draws a salary of Rs one lakh per month and a constituency allowance of Rs 70,000 per month, besides other allowances.<br />
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	The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was introduced in the lower house on Monday to replace an ordinance promulgated on April 7.<br />
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	Replying to the debate on the bill, Parliamentary Affairs Minister Pralhad Joshi said that funds are needed to fight the Covid-19 pandemic.<br />
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	When some members said the cut in salary was only a token contribution as the amount saved was very little, Joshi said &quot;charity should begin from home&quot;.</div>

India, US sign statement of intent to strengthen dialogue on defence tech cooperation

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	India and the United States on Tuesday signed a statement of intent to strengthen the bilateral dialogue on defence technology co-operation.<br />
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	The statement was signed by Raj Kumar, Secretary, Defence Production, Ministry of Defence, and Ellen Lord, US Under Secretary of Defence for Acquisition and Sustainment, during the 10th Defence Technology and Trade Initiative (DTTI) Group Meeting that was held virtually on Tuesday.<br />
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	Kumar and Lord co-chaired the meeting, during which the groups reported to the co-chairs on ongoing activities and collaborative opportunities, including a number of near-term projects targeted for completion on priority.<br />
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	As evidence of their commitment to demonstrating the success of DTTI, the co-chairs signed a statement of intent (SOI) that declared &ldquo;to strengthen our dialogue on defence technology cooperation by pursuing detailed planning and making measurable progress&rdquo; on several specific DTTI projects, the Pentagon said in a release.<br />
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	The aim of the DTTI Group is to bring sustained leadership focus to the bilateral defence trade relationship and create opportunities for co-production and co-development of defense equipment. Four joint working groups focused on land, naval, air and aircraft carrier technologies have been established under DTTI to promote mutually-agreed projects within their domains.<br />
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	During the meeting, the co-chairs noted that since the last DTTI Group meeting in October 2019, a DTTI Standard Operating Procedure (SOP) for the identification and development of cooperative projects under DTTI has been completed.<br />
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	The SOP will serve as the framework for DTTI and allow both sides to reach and document a mutual understanding on how to define and achieve success.</div>
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	A publicly releasable extract of key elements of the SOP was also published in July as the DTTI Initial Guidance for Industry, and distributed through Indian and US industry associations, it said.<br />
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India received $20 billion in FDI during Covid-19 pandemic: Shringla

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	India has received over $20 billion in FDI amid the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Tuesday, showcasing the country as one of the most attractive destinations for investment globally.</div>
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	In a virtual address at a CII event in the UK, the foreign secretary highlighted various structural reforms undertaken by India in even previously restricted sectors such as space, defence and atomic energy for greater private participation.</div>
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	On ties between India and the UK, he said a comprehensive roadmap is being formulated to further strengthen the strategic partnership between the two countries in the next decade.</div>

India's rank slips to 54th in terms of rise in housing prices: Report

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	India&#39;s rank slipped 11 places to 54th in terms of appreciation in residential prices, as housing rates declined nearly 2 per cent during June quarter compared with the year-ago period, according to property consultant Knight Frank.</div>
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	India is at 54th spot amongst the 56 countries and territories tracked in terms of appreciation in residential real estate prices, the consultant said.</div>
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	As per the &#39;&#39;Global House Price Index Q2 2020&#39;&#39;, housing prices in India declined 1.9 per cent year-on-year (YoY).</div>
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	&quot;As compared to Q1 2020, India moves down 11 spots in the global index, from 43rd rank to 54th rank in Q2 2020,&quot; Knight Frank said.</div>

Lok Sabha clears bill to amend Essential Commodities Act

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	Lok Sabha on Tuesday passed the Essential Commodities (Amendment) Bill, 2020 which seeks to deregulate food items, including cereals, pulses and onion, a move aimed at transforming the farm sector and raising farmers&#39; income.</div>
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	Participating in the debate, Shiromani Akali Dal chief Sukhbir Singh Badal, an ally of the ruling BJP, spoke about &quot;misgivings&quot; and &quot;doubts&quot; among farmers on the bill and two other proposed legislations related to the farm sector.</div>
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	The Centre should withhold these legislations and work to address the concerns of farmers, he said.</div>
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	Farmers in many states, including Punjab and Haryana, have been protesting against these bills.</div>

Economy will contract in current fiscal due to Covid-19: Experts

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	Experts on Tuesday said that owing to the ongoing coronavirus pandemic, the economy will contract during the current fiscal and positive growth is expected in the next financial year. Speaking at a CII webinar, Rajat Bahl, the chief ratings officer of Brickwork Ratings, said that there will be contraction of the economy this fiscal and bank credit growth will also be muted.</div>
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	&quot;The services sector will see a negative growth, agriculture sector will see a delay in revival while both retail and industry will shrink,&quot; Bahl said.</div>
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	Bank investments will see a muted growth along with their profitability and asset quality will deteriorate further, he said.</div>

LS passes Bill to suspend MPLAD funds for 2 years, 30% salary cut for MPs

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	The Lok Sabha on Tuesday passed a Bill which has provisions to suspend the MP Local Area Development (MPLAD) funds for two years and for a 30 per cent deduction of salaries of all lawmakers and the money thus saved can go to the Consolidated Fund of India to fight the Covid-19 pandemic.</p>
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	The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 was passed on the second day of the Monsoon Session despite objections by opposition MPs.</p>

After 18 years, farming activity resumes along IB in J&K's Kathua

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	Farming activity on the zero line along the International Border (IB) in Jammu and Kashmir&#39;s Kathua district resumed after a gap of 18 years with the joint efforts of the Border Security Force (BSF) and the civil administration.</div>
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	Over 8,000 acres of land across the fencing, spread across 22 border villages from Paharpur to Londi in Hiranagar sector, is lying unattended by border residents due to the frequent ceasefire violations by Pakistan. The natural growth of wild grass and bushes helped Pakistan to push infiltrators and dig underground tunnels, posing a major security challenge.</div>

Railways to start 20 pairs of clone trains from Sept 21

The Railways Tuesday said it will run 20 pairs of clone trains from September 21. While the tickets for 19 pairs of these trains will be charged at the Humsafar Express rates, it will be at par with the Janshatabdi Express rates for the clone train between Lucknow and Delhi. The advance reservation period for these trains will be 10 days.
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		20 pairs of clone trains to start from 21st September on specific routes. These services will be in addition to Sharmik Special and Special trains: Ministry of Railways <a href="https://t.co/hzef1uvokH">pic.twitter.com/hzef1uvokH</a></p>
	&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1305871771300700161?ref_src=twsrc%5Etfw">September 15, 2020</a></blockquote>
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Free ration distributed to 2.67 cr migrants per month in May, June: Govt

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	Free ration was distributed to 2.67 crore migrant workers per month in May and June against the target of 8 crore under the Atmanirbhar Bharat package announced following the Covid-19 outbreak, Parliament was informed on Tuesday.</div>
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	Under the scheme, 5 kg foodgrains per person and 1 kg pulses per household was to be distributed for free to 8 crore migrants who neither have a central or state ration card. Initially, the scheme was for two months (May to June). Later, it was extended till August.</div>

Animal husbandry procedures done humanely, AAP govt tells HC

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	Animal husbandry procedures such as castration, euthanasia and dehorning are carried out humanly using scientific methods, the AAP government has told the Delhi High Court.</div>
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	The submission has been made in an affidavit filed in the court in response to a PIL by People for the Ethical Treatment of Animals (PETA) India, for prohibition of allegedly &quot;inhumane animal husbandry procedures&quot; undertaken in the country.</div>
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	&quot;No question of cruel method of castration, euthanasia etc. arises because treatment of animals brought to government hospitals is being done under the supervision of government veterinary officers..,&quot; the Delhi government has said in its affidavit.</div>

BSF foils major infiltration bid along IB in J&K's Samba

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	The Border Security Force (BSF) on Tuesday foiled a major infiltration bid by five heavily-armed terrorists along the International Border in Jammu and Kashmir&#39;s Samba district, a spokesperson said on Friday.</div>
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	The terrorists fled back to the Pakistani side after being confronted by the border guarding force, the spokesman said. He said a strong protest note is being lodged with the Pakistan Rangers for helping the infiltrating terrorists.</div>
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	The spokesperson said alert troops observed movement of terrorists on the Pakistani side in Samba sector during the intervening night of Monday and Tuesday.</div>

Watch: Each jawan deputed along LAC has state-of-art winter clothing & tentage

<blockquote class="twitter-tweet">
	<p dir="ltr" lang="en">
		<a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> Our logistics infrastructure is smartly built that any unit coming from outside can join the units here seamlessly and be effective. Today, each jawan deputed at the frontline has the state-of-the-art winter clothing &amp; tentage: Major General Arvind Kapoor in Ladakh <a href="https://t.co/QGuxpoA7CO">pic.twitter.com/QGuxpoA7CO</a></p>
	&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1305858778777006080?ref_src=twsrc%5Etfw">September 15, 2020</a></blockquote>
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Odisha govt proposes amendment in OGST Act 2017

<p>
	The Odisha Cabinet on Tuesday cleared a proposal for amendment of Odisha Goods and Service Tax (OGST) Act 2017 following which a bill will be introduced in the upcoming Monsoon Session of the Assembly.The provisions included in the proposed amendment will address fraudulent input tax credit, extension of punishment, making the offence cognisable and non-bailable.OGST Act shall provide certain facilities to the tax-payers and tax authorities.</p>

LIVE: LS passes Bill to suspend MPLAD funds, 30% salary cut for MPs

Defence Minister Rajnath Singh addressed Parliament today over the ongoing stand-off between Indian and Chinese troops along the LAC in eastern Ladakh. Stay tuned for Latest LIVE news

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