Morning News Bulletin: Track latest stories

By: | Published: September 20, 2017 9:02 AM

A forecast of heavy to very heavy rainfall at few places with extremely heavy rainfall in Raigad district adjoining Mumbai is expected in the next 24 hours, according to IMD Mumbai.

MUMBAI RAINS, MEXICO EARTHQUAKEA forecast of heavy to very heavy rainfall at few places with extremely heavy rainfall in Raigad district adjoining Mumbai is expected in the next 24 hours, according to IMD Mumbai.

IMD Mumbai predicts heavy to very heavy rains

A forecast of heavy to very heavy rainfall at few places with extremely heavy rainfall in Raigad district adjoining Mumbai is expected in the next 24 hours, according to IMD Mumbai. Some isolated places are likely to receive extremely heavy rainfall, the forecast stated. Similar forecast has been issued for south Konkan as well. The IMD (India Meteorological Department) has also predicted that North Madhya Maharashtra would get heavy rainfall at isolated places in the 24 hours beginning September 21.

At least 149 killed by earthquake in Mexico -civil protection agency

At least 149 people were killed by a powerful earthquake that struck central Mexico on Tuesday, the nation’s civil protection agency said. The highest death toll was in the state of Morelos, just south of Mexico City, where 55 deaths were reported, Luis Felipe Puente, who leads the agency, wrote in a post on Twitter. In Mexico City, at least 49 people were left dead, Puente said. In the state of Puebla, south of Mexico City, 32 people were killed by the quake, and 10 were left dead in the state of Mexico, which surrounds the capital. Three people also died in the state of Guerrero, on the Pacific coast.

Reliance Jio gets Trai boost: Rs 4000-crore loss to Vodafone, Idea, Airtel; Ambani’s firm to save Rs 5000 crore

The Telecom Regulatory Authority of India on Tuesday cut the mobile termination rate by a massive 57% to 6 paise per minute from the current 14 paise per minute, a move that would render a loss of over Rs 4,000 crore annually to the three big incumbents — Bharti Airtel, Vodafone and Idea Cellular — while leading to an annual saving of around Rs 5,000 crore for Reliance Jio. While the new rate, which would come into effect from October 1, is sure to be challenged in courts by the other players in the industry, Trai for the first time also laid out its future course of action by stating that termination rates would become zero (bill and keep or BAK in technical parlance) from January 1, 2020. The termination rates were last revised by Trai in March 2015 when it was lowered from 20 paise per minute to 14 paise and the regulator had stated that the rates should be reviewed after a period of two years.

GST disruption grossly underestimated, here’s why India needs simple rule not this ‘imperfect structure

The disruption caused by the implementation of the GST has been grossly underestimated. While trade and industry are limping back to normalcy, the jury is not yet out on the final impact on the economy and the overall revenues of the Centre and of the states. The early macroeconomic indicators are certainly not very encouraging as there is a slowdown in the rate of growth of the GDP and the revenues from GST are not as per the initial calculations. Also, the government is worried about huge refund claims filed by trade and industry on the transition stocks and field formations have been sounded to verify high-value claims. Already, discussions have started about reducing the expenditure outlay given the poor tax collections. We will have to wait for the final word on this which, again, is going to take time, given the trend seen in the case of demonetisation.

Taken home loan? Here’ why you must buy a home insurance policy as well

If you have taken a home loan to buy the house, the home insurance will work as security for your loan. In some cases, banks themselves ask loan seekers to buy home insurance. This is because if the house you have bought gets destroyed in some disaster, your home insurance will pay you enough to rebuild the house or pay-off your home loan. Here are some factors you need to take into account before deciding to go for home insurance.

Soon, get petrol-diesel delivered at your home; IOC finalises container design

Taking another step towards realising the ambitious target of delivering diesel and petrol at the doorstep, Indian Oil Corporation (IOC), in consultation with the Petroleum and Explosives Safety Organisation (PESO), has finalised the design of the container to be used for this. “We have advanced slightly. We had discussions with PESO and a design has been frozen for containers to be used. We have worked out a design and there may be minor changes in consultation with PESO,” said Sanjiv Singh, chairman, IOC.

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