1. Morning New Bulletin: Track the latest stories

Morning New Bulletin: Track the latest stories

Marshal Arjan Singh, the hero of 1965 India-Pakistan war and the only Air Force officer to be promoted to five-star rank, died here on Saturday at the age of 98.

By: | Published: September 17, 2017 7:36 AM
Marshal Arjan Singh, the hero of 1965 India-Pakistan war and the only Air Force officer to be promoted to five-star rank, died here on Saturday at the age of 98.

Iconic hero of 1965 Indo-Pak warMarshall of Indian Air Force Arjan Singh no more

Marshal Arjan Singh, the hero of 1965 India-Pakistan war and the only Air Force officer to be promoted to five-star rank, died here on Saturday at the age of 98.  He breathed his last at the Army’s Research and Referral hospital at 7.47 pm, marking an end to a glorious era of the IAF, the defence ministry said.  An icon of India’s military history, 98-year-old Singh was admitted to the hospital this morning following a cardiac arrest, it said.
He is survived by a son and a daughter. His wife passed away in 2011.  President Ram Nath Kovind, Prime Minister Narendra Modi, BJP president Amit Shah, Union ministers Rajnath Singh, Arun Jaitley and Ravi Shankar Prasad and Congress chief spokesperson Randeep Surjewala condoled the death of Singh.

Major fire at iconic RK Studio in Mumbai

A major fire broke out on Saturday on the sets of dance reality show “Super Dancer” at the iconic RK Studio, founded by legendary Raj Kapoor in suburban Chembur, in which its ground floor was gutted, officials said.  No casualty was reported, they said.  Six fire tenders and five water tankers were rushed to the site to contain the blaze, a senior fire brigade official said.  Though some episodes of the reality show were shot at the studio, there was no shoot planned for today, sources said.

Hearing in murder case involving Dera Sacha Sauda chief Ram Rahim Singh to begin on daily basis from September 18

Hearing in the murder case of former Dera Sacha Sauda manager Ranjit Singh which allegedly involved sect head Gurmeet Ram Rahim Singh will be held on day to day basis in a special CBI court here from September 18.  A special CBI court here today held a hearing in two cases of murder, that of journalist Ram Chander Chhatrapati and the killing of Ranjit Singh.  Disgraced Dera chief Ram Rahim Singh, who is lodged in Rohtak’s Sunaria jail for raping two disciples, appeared via video-conferencing in the court of judge Jagdeep Singh.  He has been named as the main conspirator in both cases.

 

Centre mobilising funds for implementing welfare schemes, says Union Minister Alphons Kannanthanam

Union Minister Alphons Kannanthanam on Saturday said the Centre was mobilising resources for launching infrastructure projects and welfare measures for the poor and downtrodden in the country.  The money collected as taxes, goes for implementing welfare schemes for the poor, he said, adding this was to enable them have a dignified life.  “To make houses and toilets and to get electricity to every village… it is going to cost enormous amount of money. So we are going to tax people who can afford to pay,” he said.  On the rise in petrol prices, the minister queried, “Who buys petrol?… somebody with car, somebody with a bike. Certainly, they are not starving… somebody who can afford to pay has to pay.”  Asked about the increase in prices of essential commodities in the wake of fuel price hike, Kannanthanam said inflation rate of 4 per cent in the country was less than half per cent prescribed by the RBI.

Monsoon set to hit festive season sales as buyer sentiment turns tepid in rural India

While scattered rains this year have inundated chunks of land, besides rendering arid as many as 235 districts, consumerism in the hinterland remains patchy at best and could well be damp this festive season. With the season’s rain deficit currently at 6.2%, the monsoon appears headed for a below-normal performance, something India Inc is watching with fingers crossed. FMCG and consumer durable companies and auto majors, among others, might be putting up a brave face, but scepticism runs high. When FE contacted Hindustan Unilever and Proctor & Gamble, they refused to comment. However, Dabur India exuded confidence about the rural economy showing signs of revival. Dabur India CFO Lalit Malik said, “With the market sentiment showing signs of improvement and stability post-GST implementation, we expect the demand scenario to move up, both in rural and urban markets.”

India no longer the fastest growing economy in the world: P Chidambaram

The time for boasts is over. India is no longer the fastest growing large economy of the world. Our misguided jibe against China lasted all of seven quarters. In five successive quarters, the growth rates of GDP and GVA have declined (see graph):
GDP may stabilise at 5.7% or it may decline further in Q2 of 2017-18 (July-September). The effects of demonetisation have not yet dissipated completely. GST, a good idea, was translated into a flawed law that suffered from bad and hurried implementation, and affected many industries in the manufacturing sector. Floods have disrupted normal activity in many parts of India for several weeks.

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