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GOVT. SEEKS PARLIAMENT’S NOD TO SPEND RS. 56,256 CR. MORE
In the second supplementary demand for Rs.56,256.32 crore for 2015-16 tabled in Parliament by Finance Minister Arun Jaitley on Friday, the Narendra Modi government sought to enhance its social and rural sector allocations.It sought Rs. 106 crore for the Department of AIDS Control, Rs. 3,000 crore for the Pradhan Mantri Gram Sadak Yojana (PMGSY) and Rs. 2,500 crore for the Pradhan Mantri Krishi Sinchai Yojana. The additional allocation for the PMGSY includes Rs. 300 crore for the rural infrastructure scheme in the North-eastern States. The Integrated Child Development Scheme (ICDS) will get Rs. 3,193 crore.
EPFO SAVINGS TO CROSS RS.10 LAKH-CR. MARK
The retirement savings managed and overseen by the Employees’ Provident Fund Organisation (EPFO) are set to cross the Rs.10 lakh- crore mark this month, making it the eleventh largest pension fund in the world. With savings of over 8.5 crore employees in the formal sector from 6.32 lakh establishments, the EPFO is already India’s second largest non-banking financial institution with only Life Insurance Corporation of India having a bigger kitty. Globally, pension funds are one of the largest pools of capital with a long-term horizon for investments. The 300 largest pension funds in the world together had over 15 trillion dollars under management in 2014, rising by 3 per cent from a year ago, according to a recent report by Towers Watson, a consulting firm.Overall, pension funds had nearly 35 trillion dollars of savings in 2014.
DILIP KUMAR GETS PADMA VIBHUSHAN, TURNS EMOTIONAL
Legendary actor Dilip Kumar was on Sunday presented with the Padma Vibhushan by Union Home Minister Rajnath Singh at the thespian’s residence in suburban Bandra.The 93-year-old legend was presented a medal, a certificate and a shawl by Mr. Singh, in the presence of the actor’s wife Saira Bano.
ISRO GEARS UP FOR PSLV C-29 LAUNCH
Space scientists of the Indian Space Research Organisation (ISRO) are all set to launch the PSLV C-29 rocket from the Sriharikota space centre in Nellore district here on December 16 at 6 p.m.Through this launch, ISRO will be sending six satellites belonging to Singapore.Of these, the TeLEOS-1 will be the main satellite which weighs 400 kg and it is meant for remote sensing applications for commercial purposes.This is the 32nd flight for the Polar Satellite Launch Vehicle.The launch will be made from the first launch pad of Sriharikota centre with the rocket having a lift off mass of nearly 227.6 tonnes.The rocket will put the main satellite into a circular orbit at a distance of 550 km from the Earth.
SAUDI ARABIA ELECTS UP TO 17 FEMALE COUNCILLORS IN HISTORIC ELECTION
Saudi Arabia has elected its first female local councillors in a historic step for a country where women are banned from driving and face routine discrimination.Results from Saturday’s municipal council elections indicated there were about 17 female winners. These included four in Jeddah, one near Mecca – home to Islam’s holiest site – and others in Tabuk, Ahsaa and Qatif.
TED CRUZ AHEAD OF TRUMP AMONG REPUBLICAN HOPEFULS
Texas U.S. Senator Ted Cruz has solidified his lead among Republican presidential contenders in the politically crucial state of Iowa, a new poll showed.The Des Moines Register/Bloomberg Politics poll, out late Saturday, shows the conservative Cruz with 31 per cent support, 10 points ahead of bombastic billionaire Donald Trump, who has 21 per cent.
INAUGURATION OF INDIA CORNER AT JAFFNA PUBLIC LIBRARY
An “India Corner” at the Jaffna Public Library was inaugurated on Friday by the High Commissioner of India in Sri Lanka, Shri Y.K. Sinha, Governor of Northern Province, Mr. H. M. G. S. Palihakkara, and the Chief Minister of Northern Province, Mr. C. V. Wigneswaran. The “India Corner” would house books procured from India, mainly in Tamil language, on Indian history, cultural heritage, fiction, children’s books, mythology, Indian leaders, philosophers, Tamil art and culture.
IOC TO INVEST RS 1.75 LAKH CRORE IN EXPANSION PROJECTS
IOC, India’s largest oil firm, will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines. The plan includes spending Rs 34,555 crore in the 15 million tons a year Paradip oil refinery in Odisha that has recently started producing fuel.Besides, the refinery expansion projects planned include raising Panipat refinery capacity to 20.2 million tons from 15 million tons currently at a cost of Rs 15,000 crore as well as raising capacity at Koyali, Mathura and Barauni units by 2020.
VIJAY KUMAR PIPS GURPREET TO WIN GOLD
Olympic silver medallist Vijay Kumar, with a score of 588, pipped Gurpreet Singh by two points to win the centre fire pistol gold in the 59th National shooting championship at the Dr. Karni Singh Range, Tughlakabad, on Sunday. Vijay finished strongly by shooting 296 in the rapid fire section of the centre fire pistol event, after having shot 292 in the precision stage.
LOHITT WINS ASIA CUP TITLE; GILL TAKES OVERALL CROWN
Lohitt Urs (co-driver Srikanth Gowda) won the title in the FIA Asia Cup category and emerged the national champion at the conclusion of the Coffee Day India Rally at Chikkamagaluru on Sunday. Gaurav Gill (co-driver Musa Sherif), meanwhile, took the overall crown.