The Centre in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series II. Applications for the bond will be accepted from 10th to 14th of this month. The Bonds will be issued on 28th July and will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges National Stock Exchange of India Limited and Bombay Stock Exchange. The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions.
The bonds will be denominated in multiples of grams of gold with a basic unit of 1 gram. The tenor of the bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates. Price of bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the week preceding the subscription period.
The issue price of the Gold Bonds will be ` 50 per gram less than the nominal value. Payment for the Bonds will be through cash payment upto a maximum of 20 thousand rupees or demand draft or cheque or electronic banking. The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.
The bonds can be used as collateral for loans. The loan-to-value ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time. The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961.
The bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI and it will be eligible for Statutory Liquidity Ratio purposes.
India have topped the medal tally for first time in the history of Asian Athletics Championships. In a stunning show of dominance on the fourth and final day of competitions in Bhubaneshwar yesterday, India clinched five gold, 1 silver and 3 bronze. With that, the hosts ended the championships on top with a haul of 29 medals which included 12 gold, 5 silver and 12 bronze.
India’s earlier best came way back in the 1985 Jakarta edition where they had won 22 medals which included 10 gold, 5 silver, seven bronze. With their most successful campaign in the continental flagship event, India pushed China to second spot.
China ended this edition with a tally of 8 gold, 7 silver, 5 bronze. Kazakhstan finished third with 4 gold, 2 silver, 2 bronze while Iran ended on fourth with 4 gold and 1 bronze.
The host country, however, suffered a huge setback as their 800 metre runner Archana Adhav was disqualified, after being initially declared as the gold medal winner, for pushing Sri Lankan rival Nimali Waliwarsha Konda from behind near the finishing line. Sri Lanka won their protest and the gold medal was awarded to their athlete Konda.
Heptathlete Swapna Barman gave India the first gold of the day as she collected a total of 5942 points from the seven events. Japan’s Meg Hemphill was second, while another Indian Purnima Hembram was third in the event.
Lakhsmanan Govindan grabbed his second gold of the championships by winning the men’s 10,000 metre event in 29 minute and 55.87 seconds. His Indian compatriot Gopi Thonkanal won the silver winner. Lakhsmanan had already won a gold in the 5000 metre race on the opening day.
World junior record holder javelin thrower Neeraj Chopra clinched the gold with a final throw of 85.23 metres. Devinder Singh Kang came third in the event.
India fittingly wrapped up the championships by winning gold in the men’s and women’s 4×400 metre relay races to send the packed crowd to wild celebrations.
In men’s 800 metre race, India won a bronze through Jinson Johnson.
The three-nation Malabar Exercise being participated by the navies of India, the US and Japan has been launched this morning in a function on-board the Indian naval vessel INS Jalashwa in Chennai Port.
The Exercices will continue till 17th of this month. In a press meet this morning, the Flag Officer Commanding in Chief of India’s Eastern Naval Command Vice Admiral HCS Bhisht said the first four days would comprise shore based activities.
The at-sea drills are scheduled to be held from the 14th onwards for four days. In this edition, India’s aircraft carrier INS Vikramaditya participates for the first time.
Totally, 16 warships including the world’s largest aircraft carrier USS Nimitz, more than 95 aircraft and two submarines are joining the maritime drills.
The flag officers of the three participating nations have said the current edition is part of the ongoing exercise that is going on since 1992 and is not aimed at any any particular country.
They said, the drills are for increasing the interoperability in the highly strategic Indo Asia Pacific Region.
Philippines, a 5(point)9-magnitude quake today rocked a central island still reeling from a deadly tremor last week.
The US Geological Survey (USGS) said the moderately strong quake struck Leyte island near Ormoc, a city of about 200,000 people at 9:41 am local time today. However, no damage or casualties reported said the USGS.
A 6.5 quake stuck the region on Thursday last week, killing two people and leaving 72 others injured.
West Bengal Govt being requested to ensure that road link to Sikkim remains open
The Union Home Minister Shri Rajnath Singh spoke to the Sikkim Chief Minister Shri Pawan Kumar Chamling regarding the security situation in Sikkim and areas neighbouring West Bengal.
In a telephonic conversation, Shri Pawan Kumar Chamling has apprised Union Home Minister that Sikkim is facing an acute shortage of supplies specially essential commodities such as medicines, baby milk powder, vegetables and petrol/diesel due to closure of the national highway, the critical road link to Sikkim.
The Home Minister assured him that the Centre will ensure the safety & security of NH 10 and do everything possible to save people of the state from any misery and ensure essential supplies to the State of Sikkim.
Shri Rajnath Singh has asked the Union Home Secretary Shri Rajiv Mehrishi to coordinate with West Bengal administration and ensure the safety, security and smooth traffic on NH 10. The West Bengal Govt is being requested to ensure that the road link to Sikkim remains open.
Vinod Tawde Gifts Government School to BJP President
In an amazing act of generosity Maharashtra Education Minister Vinod Tawde has gifted a government school that was built recently under the now defunct “Model School” scheme to BJP State President Raosaheb Danve’s Moreshwar Shikshan Prasarak Mandal. There seems to be a competition between BJP Ministers to gift Danve – recently Pankaja Munde gifted a THR supply contract to one Moreshwar Mahila Bachat Gat which appears to be a front run by Raosaheb Danve and he has even received a payment of Rs.500,000 from this Sanstha. Model Schools were made by utilising funds from the centre and state governments but the scheme was abandoned halfway. Jalna district received the biggest chunk – 7 schools. After the scheme was abandoned – one of the schools was completed and handed over to Danve where he now runs his private “Marathwada Residential School” which has admitted 325 students this year, and there are rumours of large sums of donations. The Aam Aadmi Party demands to know:
Ø Why was the scheme abandoned?
Ø Under which law are government schools handed over to private bodies?
Ø On what basis was Raosaheb Danve gifted the school?
AAP condemns this blatant nepotism and corruption by the BJP.
For details Contact: Kailash Phulari 7020947570
Shivsena MP Anandrao Adsul Beats AAP Leader & Ex Army Officer
AP Amravati team took an appointment to meet Health Minister Deepak Sawant during his visit to Amravati, in order to draw his attention to the increasing deaths of children due to malnutrition in Melghat. However, when AAP raised the issue, Shivsena MP Arun Adsul told his Shivsena goondas to attack AAP volunteers. They were thrashed in the presence of the Minister, MP, 2 MLAs, police and media! Pictures show MP Adsul holding the collar of AAP Leader Retd Lt Cmdr Alim Patel. It is really tragic that under Devendra Fadnavis’ watch Maharashtra police has been reduced to bystander and accomplice of Gangsters. AAP condemns this hooliganism and AAP teams held protests against this attack in many districts. AAP will deliver letters to the CM and DGP demanding the arrest of MP Adsul on 10 July.
For details Contact: Alim Patel 8551839440
Kalyan APMC Scam
With the blessing of Minister Subhash Deshmukh, there seems to be a scam underway at the Flower Market in Kalyan APMC. The present APMC Committee has a number of corruption complaints against it, and has also outlived its tenure but it has been allowed to continue its nefarious activities by the Marketing Minister whose department has failed to act on complaints. The current flower market was made functional only in 2003 and the vendors have signed a 20 year lease. However, the APMC Committee and KDMC, have passed decision to make an unnecessary new market in order to make money in the construction contract as well as the resale of otlas (vending spaces). They cheated the flower market vendors by making them sign attendance for a meeting, and then passed off the attendance as consent to rebuild the market. The vendors say that the structural audit declaring the structure unsafe is fake, they say that there is no need for a new market at all. If at all there has to be a new market, the current vendors who have signed 20 year leases should first get a guaranty on affidavit that their lease will continue unaffected. AAP Leader Preeti Sharma Menon tried to meet Additional Municipal Commissioner Sanjay Gharat but he arrogantly refused to look into the issue. It is alleged by the vendors that he is the person behind this whole scam. Preeti Menon also called Minister Deshmukh who assured that he would call back, but has failed to call or answer calls. AAP will support the vendors and will protest against any demolition or attempts made to cheat the flower vendors.
For Details Contact Neeta Sukhtankar 9833429972 or Kailash Bhapale 9769589170
When a Chief Minister lies to his citizens
The Aam Aadmi Party and every citizen of Mumbai strongly disagree with the Maharashtra CM’s declaration of Mumbai as Open Defecation Free City based on a ‘Swachchata Certificate’ given by the quality council of India as part of the Swachch Bharat mission. No one in Mumbai, who travels in a local train, and that is over 7 million people every day, can reach their destination without witnessing open defecation! Such is the scale of the problem! To claim that Mumbai is ‘Open Defecation Free’ is a blatant lie and a cruel joke on Mumbai’s poor and inhabitants of slums – who are 60% of Mumbai’s population. Open defecation isn’t a problem merely of building adequate toilets outside of residential and commercial localities, but the fact is that most of Mumbai’s slums don’t even have basic toilets in their homes. The toilet to people ratio is extremely poor in most slums. This doesn’t even take into account dysfunctional toilets due to chokes, lack of water supply and other infra issues. That results into open defecation alongside the railway tracks, sewers, beaches and open spaces, robbing the aam aadmi of dignity and exposing her to unhygienic conditions.
We share the ‘perplexity’ of organisations like Right to Pee who have called out the CM’s claim as false and has demanded details of statistics and the process to be made public. AAP volunteers fanned the city yesterday and posted photos and videso of open defecation that totally exposes the CM’s false claims. This is characteristic of the BJP to make tall claims while doing very little, while the problem at hand is far from being solved.
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