On Hambantota, Kumar said: “Our relations with Sri Lanka stand on their own and are not dependent on relations with any third country. Hambantota sits on Sri Lanka’s southern coast and provides access to critical Indian Ocean sea lanes. China, as part of its Belt and Road Initiative, is keen to expand its Indian Ocean footprint. But India worries that China can use it as a service and supply centre for its navy in future. “India attaches highest importance to its ties with the Maldives...We are also committed to support democracy, development and stability in the Maldives.
December 14, 2017 19:07 UTC
"In particular, the FCC's action has restored the jurisdiction of the Federal Trade Commission to act when broadband providers engage in anticompetitive, unfair, or deceptive acts or practices," the federal commission said.Democratic Leader Nancy Pelosi described Democratic Leader Nancy Pelosi said FCC's radical, partisan decision to dismantle net neutrality "strikes a stunning blow" to the promise of a free and open Internet. "With this unjustified and blatant giveaway to big providers, FCC Chairman Ajit Pai is proving himself an eager executor of the Trump Administration's anti-consumer, anti- competition agenda," she said.Pelosi alleged that FCC's rule change process was marked by haste, secrecy and technical flaws from the start. "This arbitrary decision was made without a single public hearing and over the firm opposition of Internet experts and technologists," she said. "It is deeply disturbing that Pai's FCC has refused to take action to combat the threat of identity theft and fake comments in the agency record, and has refused to comply with FOIA (Freedom of Information Act) requests or requests for information from the New York Attorney General's Investigation," Pelosi said.House Speaker Paul Ryan welcomed the decision. This new plan of action will open new avenues for telemedicine, distance learning, and future innovations, Ryan said.White House Press Secretary Sarah Sanders said the Trump Administration backs the FCC's move but also supports a free and fair internet.
Source:Times of India
December 14, 2017 18:57 UTC
Photo: Pradeep Gaur/MintKapurthala (Punjab): ITC Ltd, the Kolkata-based cigarettes-to-shampoo maker, is planning to launch a range of ready-to-drink milk-based beverages and frozen desserts from its new plant in Punjab to accelerate its dairy business. According to Puri, ITC will produce milk-based ready-to-drink beverages at the Kapurthala unit that will also make atta, noodles, wafers, biscuits, fruit juices and other fruit-based beverages. While most of the estimated Rs90,000 crore dairy market in India is unorganized, milk-based beverages are a fast growing segment. However, the market size of the flavoured milk segment in India is still small and was pegged at around Rs800 crore in 2015. For the first time, said Puri, ITC will have a mandi for wheat procurement within the Kapurthala factory premises.
December 14, 2017 18:56 UTC
Photo: iStockphotoNew Delhi: The Supreme Court on Thursday referred the issue of fixed dose combination (FDC) drugs to the government’s expert body, Drugs Technical Advisory Board (DTAB), for a fresh review of their safety, efficacy and therapeutic justification before recommending action. The court, however, kept out of the purview of its order the 15 FDCs that were licensed prior to 1988. In January, the centre had filed an appeal against a December 2016 ruling of the Delhi high court quashing its 10 March, 2016 notification banning 344 FDC drugs citing health risks and lack of therapeutic justification. On 31 March, the apex court had stayed proceedings in all high courts against the ban on 344 FDC drugs. The Kokate panel, which submitted its report on 20 January 2015, had termed 963 FDCs “irrational”, posing health threats.
December 14, 2017 18:56 UTC
more-inFormer MP Vundavalli Arun Kumar has urged the State government to file counter to the Public Interest Litigation (PIL) filed by Rajya Sabha member K.V.P. Ramachandra Rao seeking High Court direction for execution of the Polavaram project completely by the Union government. Addressing the media here on Thursday, Mr. Arun Kumar said that the court directed the State government to file counter in the case before December 19. Mr. Arun Kumar advised the Chief Minister to look into the quality of work at the Polavaram project site. About the Financial Resolution and Deposit Insurance (FRDI) bill, 2017, Mr. Arun Kumar said it was more dangerous than demonetisation and GST.
more-inThe agricultural sector in the State has recorded an astounding growth of 25.56% which is five times the national average growth, according to Minister for Agriculture Somireddy Chandramohana Reddy. Mr. Reddy told reporters after chairing a review meeting on agriculture and allied sectors here on Thursday that the phenomenal growth rate in the farm sector was the result of a massive technological intervention which marked a turnaround in conventional farming. Beginning with the introduction of soil health cards in the State to the integration of technology with Aadhar enabled distribution of fertilizers, the agricultural department had played a crucial role in the success story of farm sector, the Minister said. “We have provided 54.27 lakh soil health cards after testing 13.48 lakh soil samples and I am proud to announce that the State has stood first in the implementation of soil health card scheme,’’ the Minister said. The Minister said that the target set for sowing kharif was achieved with over 90 % of sowing reported.
more-inThe Task Force team of Hyderabad police seized 12 kg of ganja in two different instances on Thursday. In the first case, the East zone team in a joint operation with Kulsumpura police seized 10 kg of ganja and arrested three persons. Acting on a tip-off, sleuths apprehended the trio who were supplying and selling ganja in the city. Meanwhile, West Zone Task Force team apprehended two persons at Balram Galli in Mangalhat on charges of selling ganja. Police seized two kg of the narcotic substance from their possession.
— I enjoyed Star Wars: The Last Jedi.” He concludes: “The Last Jedi saves the best sequence till last. Bring on the next Star Wars.” Britain is in the grip of Stars Wars mania ahead of the film’s general release on Thursday. Adding to the premiere’s red carpet glamour were Prince William and the newly engaged Prince Harry, who apparently have cameo roles as First Order stormtroopers. One actress was remembered fondly: Carrie Fisher, who died aged 60 last December after completing her role as Princess Leia. “I’m still not over it — it’s hard,” said Mark Hamill, 66, who plays her aging brother, Luke Skywalker.
December 14, 2017 18:45 UTC
New Delhi: Exit polls on the Gujarat and Himachal Pradesh assembly elections project a saffron win in both the states. The exit polls were announced after the second and final phase of polling ended in Gujarat on Thursday. Elections in both the states witnessed a direct clash between the BJP and the Congress party. The hill state of Himachal Pradesh has seen governments alternate between the Congress and the BJP since 1993. The last day of polling also saw the Congress party protest against Modi’s roadshow, taken out after casting his vote.
December 14, 2017 18:45 UTC
Photo: Abhijit Bhatlekar/MintMumbai: The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in consultations to give a boost to interest rate futures (IRF) which is currently struggling under low volumes, Sebi chairman Ajay Tyagi said on Thursday. An interest rate future is a financial derivative with an interest bearing instrument such government bonds as the underlying asset. It is used to hedge risks related to interest rate volatility. Housing finance companies have not been permitted to hedge their interest rate exposure using IRFs,” said Tyagi. “In the past few years, since we were mostly into a secular interest rate down-cycle, there was no need for banks to buy futures as there were no contrary views on rates.
December 14, 2017 18:45 UTC
more-inA month after two-and-a-half-year-old Nama Shiv Ruchith drowned in the water sump at a play school in Malkajgiri, five-year-old Suleiman Pasha died in a similar mishap on Wednesday evening. Suleiman, who was playing on the verandah of his house in Musheerabad on Wednesday went missing and his parents made frantic efforts to trace him. After searching the house and the surrounding areas for more than four hours, the parents lodged a missing complaint with Musheerabad police on Wednesday evening. According to the complaint lodged by boy’s father Sadiq Pasha, police said Suleiman went missing from 7 p.m. on Wednesday. “Based on a complaint, a case was registered and later on Thursday while searching for the boy, parents found that the boy had drowned in the sump in their house,” Musheerabad Inspector S. Ramchandra Reddy said.
December 14, 2017 18:40 UTC
Photo: Hemant Mishra/MintBefore this year is through, two imminent deals will determine how the fortunes of India’s venture capital (VC) industry play out in the upcoming year. Even at the lower valuation, the share sale spells a big payday for venture capital firms Accel India (the local franchise of Palo Alto, California- based Accel), IDG Ventures India and Kalaari Capital. Apart from SoftBank, the consortium includes San Francisco-based investment firm Dragoneer Investment Group, private equity firm TPG, China’s Tencent Holdings and Menlo Park-based venture capital firm Sequoia Capital. How the impending deals involving these two companies unfold over the next few days will to a great extent set the tone for the venture capital market next year. She contributes stories on venture capital and private equity.
December 14, 2017 18:33 UTC
Photo: ReutersAre two-speed economies now the norm in East Asia? But developing East Asia, in general, is “beginning to unravel a bit,” Shetty says. By 2015, the World Bank says, almost two-thirds of developing Asia’s populations were either “secure” or middle class—up from 20% in 2002. Even so, the World Bank classifies Indonesia along with the Philippines and Cambodia as places with comparably small middle-class sectors. Here, Reserve Bank of India governor Urjit Patel deserves a shout-out for holding his fire on 6 December.
December 14, 2017 18:33 UTC
HomeLane co-founder and CEO Srikanth Iyer. Online home furnishings provider HomeLane on Thursday said it raised $10 million in a funding round led by Accel Partners. The funds will fuel HomeLane’s expansion in these markets, its co-founder and chief executive officer Srikanth Iyer said. “At the back-end we have three partners: designers, manufacturers and installations partners, but HomeLane does the complete project management.”Iyer said HomeLane, which started operations in 2014, has completed 1,700 installations. Iyer, who started HomeLane along with Rama Harinath, is a serial entrepreneur.
December 14, 2017 18:22 UTC
Mr. Gandhi was found consoling many, ignoring security precautions. Just ahead of his visit, the mood at the St. Thomas church in Poonthura was particularly sombre. Many thronged the area to catch a glimpse of Mr. Gandhi, complicating the task of the police and the security forces. Patience began to wear thin a short while before the arrival of Mr. Gandhi with some women complaining of uneasiness after being exposed to the scorching sun for a long while. Upon his arrival on the church premises, Mr. Gandhi said he had come to pay respects to those who passed away and to offer his condolences to their families.
December 14, 2017 18:18 UTC