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TMC has decided to skip the all-party meeting on 21st July as it will be observing 'Martyrs Day' in Bengal. 

Ahead of monsoon session, govt to convene all-party meet on July 21; TMC to skip  

TMC has decided to skip the all-party meeting on 21st July as it will be observing 'Martyrs Day' in Bengal.&nbsp;
&nbsp;

The government has convened an all-party meeting on July 21 ahead of the Monsoon Session of Parliament which will start next Monday, the Parliamentary Affairs Ministry said.
The meeting, which will be held at 11 am on Sunday, has been called by Parliamentary Affairs Minister Kiren Rijiju, the ministry said in a statement.
This will be Leader of Opposition and Congress MP Rahul Gandhi's first time at the customary session-eve meeting of floor leaders from all parties if he attends it.
The Trinamool Congress (TMC) said no representatives from the party will attend the meeting as July 21 is observed by the party as Martyrs' Day.
TMC's parliamentary party leader in Rajya Sabha Derek O'Brien wrote to Rijiju and informed him that his party will not be able to attend the meet.
"For 30 years now, 21st July has been observed as 'Martyrs' Day' in Bengal in honour of our 13 colleagues who were unlawfully killed in a police firing on the day in 1993.
"In this context, all MPs of the All India Trinamool Congress including myself will be in our home state to mark the day along with other party colleagues. Therefore, no MP will be able to attend the meeting," he said.
The July 21 Martyrs' Day is observed in memory of 13 Congress supporters who were shot dead in firing by the Kolkata Police in 1993 during a march to the state secretariat -- Writers Buildings -- when the CPI(M)-led Left Front was in power in West Bengal.
West Bengal Chief Minister Mamata Banerjee was the state Youth Congress chief at that time and she continued to mark the day by holding a rally every year even after forming the TMC on January 1, 1998.
The Monsoon Session of Parliament is scheduled to begin on July 22 and will conclude on August 12. The Union Budget will be presented on July 23.
The first Parliament session after the formation of the 18th Lok Sabha witnessed the opposition INDIA bloc raising issues like the recent NEET controversy, Manipur situation, and price rise among others, resulting in uproars and adjournments.
Protests were also witnessed in both Houses during Prime Minister Narendra Modi's reply to the Motion of Thanks on the President's address. In the Lok Sabha, opposition MPs raised slogans demanding a statement on Manipur during the prime minister's reply, while in the Rajya Sabha, the opposition had staged a walkout.

Government has set up an inter-ministerial panel to examing the foreign direct investment from China in Paytm Payments Services while Paytm has set up an advisory committee to advise the firm on strengthening compliance and on regulatory matters

Government sets up panel to examine FDI inflow from China into Paytm Payments Services

<h2>Government has set up an inter-ministerial panel to examing the foreign direct investment from China in Paytm Payments Services while Paytm has set up an advisory committee to advise the firm on strengthening compliance and on regulatory matters</h2>

Government has set up an inter-ministerial committee to examine the foreign direct investment from China in Paytm Payments Services Ltd (PPSL), reported PTI. As per the report, the panel would take a decision on the FDI issue after due consideration and comprehensive examination.
Notably, PPSL's parent firm One97 Communications has investment from Chinese firm Ant Group Co
<h3>Paytm Payments Services Crisis</h3>
In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.
However, in November 2022, RBI rejected PPSL's application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules.
Also Read: <a href="https://www.editorji.com/business-news/manju-agarwal-an-independent-director-at-paytm-payments-bank-resigns-report-1707450292533">Manju Agarwal, an independent director at Paytm Payments Bank resigns: Report</a>
Having investment from a Chinese firm, One97 communications applied to the Indian Government for past downward investment from OCL into the PPSL to comply with Press Note 3 prescribed under FDI guidelines in 2022.
Under Press Note 3, the government had made its prior approval mandatory for foreign investments in any sector from countries that share land border with India to curb opportunistic takeovers of domestic firms following the COVID-19 pandemic.
Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan.
In a response to this, Paytm has mentioned that the ownership structure has changed. Ant Financial reduced its stake in One 97 Communications Limited (OCL) to less than 10% in July 2023 leaving its founder Vijay Shekhar Sharma as the largest stakeholder in the company.
"The Paytm founder remains the largest stakeholder in the company. Ant Financial reduced its stake in One 97 Communications Limited (OCL) to less than 10% in July 2023. Subsequently, it does not qualify for beneficial company ownership. One 97 Communications Ltd founding promoter now holds a 24.3% stake", Paytm said in a statement.
<h3>Paytm sets up advisory Committee</h3>
Meanwhile, One97 Communications has announced setting up of a group advisory committee headed by former Sebi Chairman M Damodaran.&nbsp;The committee will advise the company on strengthening compliance and on regulatory matters, according to a stock exchange filing.
Merchants have also extended support to the fintech company. In a blog post, Paytm said, its merchant partners can continue to benefit from solutions like Paytm QR codes, Soundbox, and card machines, just as before.
"Leading industry players across retail, entertainment, and beyond, such as Arvind Limited, Smaaash, BIBA, and more' stand testament to the strength of our partnerships, having experienced firsthand the benefits of our seamless payment solutions," the blog said.
Leading companies have expressed their satisfaction with their prolonged association with Paytm, it added.
"We have been working with Paytm for two years, and they have always been at par when it comes to their innovative products and services. I strongly recommend everyone to continue using Paytm services as before," the blog quoted Hotspot Retail Private Limited Chief Operating Officer Satya N Satyendra as saying.
&nbsp;

The government has said that it earned Rs 1,100 between 2021 and 2023 by selling office scrap

Lazy to clean out that junk? Govt's whooping revenue from office scrap sale may inspire you

The government has said that it earned Rs 1,100 between 2021 and 2023 by selling office scrap

The Centre has earned Rs 500 crore by disposing of office scrap during the recently concluded cleanliness campaign, according to a statement issued on Wednesday.
During the campaigns conducted by the government from 2021 to 2023, Rs 1,100 crore revenue has been generated by disposing of office scrap, it said.
The third special campaign generated revenue of Rs 500 crore in the October 2-31 period this year, said the statement issued by the Personnel Ministry.
"The special campaign 3.0 has seen Swachhata campaigns being undertaken in more than 2.53 lakh sites and has resulted in freeing 154 lakh square feet of space for effective office use," it added.
Union Minister of State for Personnel Jitendra Singh said that with every passing year, the size and scale of the special campaign was increasing with more than 2.53 lakh sites covered in 2023 as against 1.01 lakh sites in 2022.
He announced the successful conclusion of the special campaign 3.0 on October 31.
Singh said that it was India's largest campaign for institutionalising cleanliness and reducing pendency in government offices. It has witnessed many best practices and milestones, he said.
Inspired by Prime Minister Narendra Modi's directions, a saturation approach was adopted in the Special Campaign 3.0 that covered more than 2.53 lakh offices even in the remotest parts of India, he added.
The minister called on all officials to continue the momentum of the Special Campaign 3.0 throughout the year and make it a way of life.
"Special campaign 3.0 concluded on October 31, 2023, with outstanding results and after collating all the data, the evaluation phase will start from November 10, 2023,"&nbsp;

One major setback is the delayed sale of a 60.72% stake in IDBI Bank due to unique challenges in the RBI's 'fit and proper' vetting process. This delay has also affected initial bids from potential buyers

Government achieves only 16% of disinvestment target so far

<h2>One major setback is the delayed sale of a 60.72% stake in IDBI Bank due to unique challenges in the RBI's 'fit and proper' vetting process. This delay has also affected initial bids from potential buyers</h2>

Global geopolitical tensions seem to have created challenges for the government with regard to its FY23-24 disinvestment plans. Current data reveals just ₹8,000 crore has been collected so far, which is only 16% of the aimed ₹51,000 crore for the fiscal year.
One significant setback is the delayed sale of a 60.72% stake in IDBI Bank. The global scenario and specific compliance issues, including adherence to the Reserve Bank of India's &lsquo;fit and proper&rsquo; criteria, have contributed to this delay.
Sources revealed to Business Today that the &lsquo;fit and proper&rsquo; vetting process, initiated by the RBI in April, has extended beyond the usual timeframe due to the unique nature of this transaction. Initial bids from Kotak Mahindra Bank, CSB Bank from Canada, and Emirates NBD to acquire a majority stake in IDBI Bank were affected by these delays.
Apart from IDBI Bank, the government faces challenges in divesting its stakes in CONCOR and the Shipping Corporation of India, impacting overall disinvestment revenue. Financial bids for a majority stake in NMDC Steel (NSL) have been postponed until 2024, despite expectations of a minimum ₹11,000 crore revenue.
However, the government has collected ₹26,645 crore in total disinvestment receipts, including ₹18,645 crore from dividends. The government remains hopeful, anticipating that robust bank dividends and contributions from the Reserve Bank of India will offset disinvestment shortfalls, providing some relief amid these challenges.
Also Watch: <a href="https://www.editorji.com/business-news/government-proposes-to-sell-upto-7-stake-in-hudco-via-ofs-raising-1100-crore-1697623366747#google_vignette">Government proposes to sell upto 7% stake in HUDCO via OFS, raising ₹1100 Crore</a>

Several PSUs have yet to announce their final dividend, and this could push the total dividend amount up significantly. The payment maybe 25% more than in FY22

Government to get a record dividend of ₹63,056 crore from listed PSUs: Report

Several PSUs have yet to announce their final dividend, and this could push the total dividend amount up significantly. The payment maybe 25% more than in FY22

67 listed public-sector enterprises (PSUs) are expected to give the central government a record equity dividend of ₹63,056 crore for FY23.
This is 24.7% higher than the dividend of ₹50,583 crore received in FY22 and more than double of ₹29,049 crore for FY19, as per Business Standard.
This is when some of the PSUs have not yet announced their final equity dividends. It is anticipated that the dividend for FY23 may be much larger than the sum previously quoted.
Public-sector banks (PSBs) and financial institutions are expected to make up the largest portion of the government's dividends, contributing around ₹18,000 crore for FY23, up 56% over their FY22 contribution of around ₹11,525 crore.&nbsp;
PSUs including Coal India, Oil and Natural Gas Corporation (ONGC), NTPC, and Power Grid Corp are anticipated to contribute about ₹45,000 crore, up 15.4% from ₹39,059 crore in the previous year, the business standard report said.
With ₹13,550.7 crore, Coal India paid the government the most in dividends in FY23. ONGC came in second with ₹8,335 crore, SBI has paid the government a dividend of over ₹5,740 crore.
The Reserve Bank of India board authorised the transfer of ₹87,416 crore as surplus to the Union government for FY23 last month.&nbsp;

Asset monetisation is essential for BSNL and MTNL to pay off debts and meet capital expenditure obligations

Government directs BSNL and MTNL to identify low-value assets for sale

Asset monetisation is essential for BSNL and MTNL to pay off debts and meet capital expenditure obligations

Department of Telecommunications (DoT) has instructed state-owned companies BSNL and MTNL to identify core and non-core assets with a value up to ₹10 crore for monetisation, as per a report by Financial Express.&nbsp;
At least ten such properties in this range are likely to be found by BSNL in each circle. Even if the government has given BSNL and MTNL a ₹1.64 lakh crore revitalization package, asset monetisation is essential for them to pay off debts and meet capital expenditure obligations.
The chief general managers (CGMs) of all circles have been requested to list the assets that are under the BSNL board's purview and that can be quickly monetized. The CGMs have been given roughly three months to finish the assignment, and based on their performance, BSNL will share the DoT's monetisation target.
As of February, the BSNL board has approved transaction advisors for nine properties, with total indicative value of around ₹50 crore.
In addition, the BSNL board requested Group of Ministers approval for 14 properties with a value of between ₹10 and ₹100 crore. The DoT informed the parliamentary panel that the approximate market value of these 14 assets is ₹600 crore.
While the total asset value for BSNL remained unavailable, MTNL has a base of assets with a value of roughly ₹30,000 crore, as reported by Financial Express

At a floor price of ₹2,450 per share, the stake sale would be priced at ₹28.67 billion ($347.05 million)

The government wants to sell up to 3.5% of Hindustan Aeronautics stake

At a floor price of ₹2,450 per share, the stake sale would be priced at ₹28.67 billion ($347.05 million)

The Indian government intends to sell up to 3.5% of its ownership in the aerospace and defence firm Hindustan Aeronautics Ltd, According to a filing with the stock exchange on Wednesday.
At a floor price of Rs 2,450 per share, the stake sale would be priced at Rs 28.67 billion ($347.05 million).
With its headquarters in Bangalore, Hindustan Aeronautics Limited (HAL) is a public sector aerospace and defence corporation in India.
HAL, one of the oldest and biggest aerospace and defence manufacturers in the globe, was founded on December 23, 1940. HAL started producing aeroplanes in 1942.

Government may fall short divestment goals, and not just that but on the tax revenue front too, the government could face a marginal shortfall. 

Centre may fall short of its revenue collection and divestment target for the current fiscal

India may fall short of its tax revenue collection and divestment goals for the current fiscal year

Government may fall short of its divestment target for the current financial year, and not just that but on the tax revenue front too, the government could face a marginal shortfall.&nbsp;

The stock market volatility has impacted the central government's disinvestment plans. As a result, the centre is unlikely to meet its divestment target of Rs 50,000 crore for this financial year.&nbsp;
With just about 10 days left in the current fiscal, the centre is facing a shortfall of Rs. 19,000 crore, as per a report by CNBC-TV18. A&nbsp;turbulent stock market has made it more difficult for the government to implement its plans to issue an OFS. And there is a very slim chance that the ₹19,000 crore difference between present actuals and the target will be closed.
The government could also encounter a marginal shortfall in terms of tax income. According to CNBC-TV18, 98% of the total tax revenue goal for FY23 will be achieved, leaving the government with probable 2% shortfall.&nbsp;
The 2% odd gap could translate into a shortfall of ₹50,000&ndash;60,000 crore for this financial year based on the combined base of direct and indirect tax goals.
 
&nbsp;
&nbsp;

"At the outset, determination of fake news cannot be in the sole hands of the government and will result in the censorship of the press," the Guild said in a statement 

Govt alone cannot determine fake news, says Editors Guild of India on amendment to IT Law

"At the outset, determination of fake news cannot be in the sole hands of the government and will result in the censorship of the press," the Guild said in a statement 

"At the outset, determination of fake news cannot be in the sole hands of the government and will result in the censorship of the press," the Guild said in a statement&nbsp;

The Editors Guild of India on January 18 urged the government to &ldquo;expunge&rdquo; the draft amendment to the IT Rules asking social media companies to take down news articles that have been deemed "fake" by the Press Information Bureau (PIB).
"The Guild urges the Ministry to expunge this new amendment, and to initiate meaningful consultations with press bodies, media organisations and other stakeholders, on the regulatory framework for digital media, so as to not undermine press freedom," a statement issued by the Editors Guild of India said. "At the outset, determination of fake news cannot be in the sole hands of the government and will result in the censorship of the press," the Guild said in a statement here, voicing "deep concern" over the draft amendment to the Information Technology (IT) Rules.
It said that already multiple laws exist to deal with content that is found to be factually incorrect.
"This new procedure basically serves to make it easier to muzzle the free press, and will give sweeping powers to the PIB, or any &lsquo;other agency authorised by the Central government for fact checking&rsquo;, to force online intermediaries to take down content that the government may find problematic," the Guild said.
The Ministry of Electronics and Information Technology (MeitY) on January 17 released a modification to the draft Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 it had previously released for public consultation.
(PTI)
Also Watch: <a href="https://www.editorji.com/crime-news/delhi-women-s-panel-chief-swati-maliwal-says-she-was-dragged-by-a-car-1674119652536">Delhi women's panel chief Swati Maliwal dragged by a car, driver arrested: Police</a>

Esports was included in the 2018 Jakarta Asian Games as a demonstration sport but it will make its debut at the 2023 Asian in China

Government of India gives official recognition to Esports

In a major boost to Esports, the Government of India on Tuesday integrating it with mainline sports disciplines in the country

Here are the details

Esports was included in the 2018 Jakarta Asian Games as a demonstration sport but it will make its debut at the 2023 Asian in China

In a major boost to Esports, the Government of India on Tuesday integrating it with mainline sports disciplines in the country.
The President of India, Droupadi Murmu, amended the rules governing Esports and asked the Ministry of Electronics and Information Technology and the Sports Ministry to include e-Sports as part of multi-sports events.
The International Olympic Committee (IOC) is also going big on popularising e-Sport with Singapore all set to host the first-ever Olympic Esports Week in June 2023.
Esports was included in the 2018 Jakarta Asian Games as a demonstration sport but it will make its debut at the 2023 Asian Games in China.
Also read: <a title="Govt ready to bid for 2036 Olympics: Sports Minister Anurag Thakur" href="https://www.editorji.com/sports-news/others-sports/govt-ready-to-bid-for-2036-olympics-sports-minister-anurag-thakur-1672223010444">Govt ready to bid for 2036 Olympics: Sports Minister Anurag Thakur</a>

Prachanda has support of 165 MPs in the 275-member House of Representatives which includes CPN-UML with 78, CPN-MC with 32, RSP with 20, RPP with 14, JSP with 12, Janamat with 6 and Nagarik Unmukti Party with 3

Pushpa Kamal Dahal 'Prachanda' appointed Nepal's PM

Prachanda has support of 165 MPs in the 275-member House of Representatives which includes CPN-UML with 78, CPN-MC with 32, RSP with 20, RPP with 14, JSP with 12, Janamat with 6 and Nagarik Unmukti Party with 3

President Bidya Devi Bhandari on Sunday appointed CPN-Maoist Centre chairman Pushpa Kamal Dahal &lsquo;Prachanda&rsquo; as the new Prime Minister of Nepal.&nbsp; Prachanda along with CPN-UML chairman K P Sharma Oli, Rastriya Swatantra Party president Ravi Lamichhane, Rastriya Prajatantra Party chief Rajendra Lingden among other top leaders earlier went to the President's Office with a proposal to appoint him as the new Prime Minister, sources said. Prachanda has support of 165 lawmakers in the 275-member House of Representatives which includes CPN-UML with 78, CPN-MC with 32, RSP with 20, RPP with 14, JSP with 12, Janamat with 6 and Nagarik Unmukti Party with 3. Earlier in the day, Prachanda walked out of the Nepali Congress led five-party alliance after Prime Minister and Nepali Congress president Sher Bahadur Deuba rejected his bid to become the Prime Minister in the first round. Deuba and Prachanda had earlier reached a tacit understanding to lead the new government on a rotational basis. The swearing in ceremony of the newly-appointed Prime Minister will take place at 4 pm on Monday, according to the President's Office.

Delhi govt to provide 450 types of medical tests free of cost from Jan 1

Now 450 medical tests will be provided for free, announces Delhi CM Arvind Kejriwal 

Chief Minister Kejriwal has given nod to a health department proposal for making 238 more tests free of cost at hospitals and Mohalla Clinics

Chief Minister Kejriwal has given nod to a health department proposal for making 238 more tests free of cost at hospitals and Mohalla Clinics

The Aam Aadmi Party government will provide 450 types of medical tests free of cost at its hospitals and health centres from January 1, with Chief Minister Arvind Kejriwal saying the move will help those unable to afford private healthcare.
The number of medical tests provided free of cost by the city government at present is 212, officials said.
Chief Minister Kejriwal has given nod to a health department proposal for making 238 more tests free of cost at hospitals and Mohalla Clinics, they said.
Also watch:<a href="https://www.editorji.com/elections/gujarat-elections/people-pinching-themselves-despite-losing-why-aap-chief-kejriwal-is-happy-with-gujarat-poll-result-1670501156367">'People pinching themselves': Despite losing, why AAP chief Kejriwal is happy with Gujarat poll result</a>
Kejriwal said providing good quality health and education to all, irrespective of their economic &nbsp;status, is his government's mission.
"Providing good quality health and education to all, irrespective of anyone's economic status, is our mission. Healthcare has become very expensive. Many people cannot afford private healthcare. This step will help all such people," he tweeted.
The facility will be available to the people of Delhi.

Khamenei’s niece arrested after she urges foreign governments to cut ties with Iranian regime

'Murderous and child killing': Khamenei’s niece urges foreign govts to cut ties with Iranian regime

Interestingly, this is not the first time that Moradkhani has been arrested by Iranian authorities. Before this, she was held in January this year while she was on her way home.&nbsp;

Iran&rsquo;s Supreme Leader Ayatollah Ali Khamenei&rsquo;s niece Farideh Moradkhani has been reportedly arrested by the regime after calling on foreign governments to cut all ties with the Iranian government, The Guardian reported.
Confirming Moradkhani&rsquo;s arrest on Twitter, her brother, Mahmoud Moradkhani said she was arrested last week on Wednesday when she went to the prosecutor&rsquo;s office in response to a court order, it said.
Before Moradkhani was arrested, she allegedly recorded a video statement which was shared by her France-based brother on Friday. In the video Moradkhani had called on people around the world to urge their governments to &ldquo;stop any dealings with this regime.&rdquo;
The video is now doing rounds on social media.&nbsp;
Interestingly, this is not the first time that Moradkhani has been arrested by Iranian authorities. Before this, she was held in January this year while she was on her way home.&nbsp;
According to multiple reports, Farideh and Mahmoud Moradkhani are the children of Ali Tehrani who was married to the supreme leader&rsquo;s sister Badri Hosseini Khamenei. He was a cleric and longtime opposition figure.&nbsp;
Also Watch| <a href="https://www.editorji.com/world-news/dozens-of-casualties-as-iran-forces-fire-on-protesters-activists-1669391500725">Dozens of casualties as Iran forces fire on protesters: activists</a>

IRCTC&nbsp;shares locked in a 10% lower circuit in Friday's opening session. This comes as the government has asked the company to share 50% of its revenue generated through convenience fees with the Ministry of Railways.
How will it impact revenues?
A major part of IRCTC's&nbsp;revenue&nbsp;comes from the convenience fee it charges on online bookings ever since the lockdown&nbsp;happened. In 2019-20, IRCTC earned Rs 352 crore from convenience fees and in 2020-21, it earned Rs 299 crore. Till August this year,&nbsp;IRCTC had earned Rs 224 crore. Earlier, IRCTC&nbsp;used to share only 20% of the abovesaid&nbsp;revenue with the Railways.
Why should investors be bothered?
The development is expected to significantly hit the bottomline of the company as the major revenue source will be shared in 50:50 with the government. Moreover, this is IRCTC's&nbsp;most profitable segment that enjoyed&nbsp;an 80% margin. Analysts&nbsp;say this will result in a big impact on IRCTC's&nbsp;valuations.
Any silver lining?
Since sales on the counter are restricted, those through IRCTC have risen. The option of raising the service charge is not ruled out, an official told a business daily. He said IRCTC booked around 7 lakh tickets a day during the pre-pandemic period. This has now risen to around 13 lakh a day. So even if the ministry takes half the revenue, IRCTC&rsquo;s bottom line will not change much.

IRCTC- Flip Flop Friday: How the govt railroaded shareholders

Railroaded, IRCTC shareholders shocked by the Govt's demand of 50% revenue share. Stock tanks over 25% before the govt flips it's decision. 

Govt yanks the chain on IRCTC dream ride at the stock exchange

Pulling the red chain of brakes on IRCTC&nbsp;dream run at the stock market , the govt shocked the shareholders by demanding a large piece of the IRCTC&nbsp;revenue pie.&nbsp; What has the govt done? The Indian Railway Catering &amp; Tourism Corporation Limited (IRCTC), on Thursday, announced that the Ministry of Railways has decided to share the revenue IRCTC earns from convenience fees in the ratio of 50: 50.&nbsp; IRCTC informed that the Railways Ministry has said the revenue-sharing arrangement would be enforced from November 1. Lets talk money&nbsp; Convenience fees charged from customers generated a sizable revenue for both IRCTC and the Railways. The fee is not part of the rail fare. It is for the service of online ticket booking offered by the IRCTC. In 2019-20, IRCTC earned Rs 352 crore from convenience fees and in 2020-21, it earned Rs 299 crore. Till August this year,&nbsp;IRCTC had earned Rs 224 crore.&nbsp; Why is it so 'inconvenient' for the shareholders Earlier, IRCTC&nbsp;used to share only 20% of the above said&nbsp;revenue with the Railways. With bookings moving largely online the bets on IRCTC&nbsp;fortune were big and evident from the surge in the stock over the last 1 year. 10 times since its listing two years ago.&nbsp; Fool me once, shame on you; fool me twice, shame on me. Analysts across the board are citing this order as big hit to sentiment around Public Sector Units (PSUs) as it reiterates the unreliability in investment due to sporadic decision making by the govt.&nbsp;

The govt had asked IRCTC&nbsp;to share 50% of its convenience fee revenue with the Railways and then reversed the decision.&nbsp;

Pulling the red chain of brakes on IRCTC&nbsp;dream run at the stock market, the govt shocked the shareholders by demanding a large piece of the IRCTC&nbsp;revenue pie, only to reverse the decision a few hours later after the violent reaction on the stock that wiped out Rs 18000 cr.
What did the govt intent to do?
The Indian Railway Catering &amp; Tourism Corporation Limited (IRCTC), on Thursday, announced that the Ministry of Railways has decided to share the revenue IRCTC earns from convenience fees in the ratio of 50: 50.&nbsp;&nbsp;IRCTC informed that the Railways Ministry has said the revenue-sharing arrangement would be enforced from November 1. Did the govt get greedy?
Convenience fees charged from customers generated a sizable revenue for both IRCTC and the Railways. The fee is not part of the rail fare. It is for the service of online ticket booking offered by the IRCTC.
In 2019-20, IRCTC earned Rs 352 crore from convenience fees and in 2020-21, it earned Rs 299 crore. Till August this year,&nbsp;IRCTC had earned Rs 224 crore.&nbsp;
Why was it so 'inconvenient' for the shareholders
Earlier, IRCTC&nbsp;used to share only 20% of the abovesaid&nbsp;revenue with the Railways. With bookings moving largely online the bets on IRCTC&nbsp;fortune were big and evident from the surge in the stock over the last 1 year, 1200%&nbsp; since its listing two years ago.&nbsp;
Fool me once, shame on you; fool me twice, shame on me
Despite the reversal analysts across the board are citing this order as a big hit to sentiment around Public Sector Units (PSUs) as it reiterates the unreliability in investment due to sporadic decision making by the govt. Dalal&nbsp;Street getting jitters and spoiling the PSU&nbsp;party is bad news for the Centre that is booking it's ticket for the LIC&nbsp;IPO&nbsp;bash later this fiscal.&nbsp; Read/Watch Also: <a href="https://www.editorji.com/business-news/irctc-stock-saga-social-media-flooded-with-what-govt-gives-it-can-also-take-away-1635488189085">IRCTC; the social media angst</a>

Government on Thursday fielded seven top ministers to hit back at Opposition over the washed out Monsoon Session of Parliament.
Refuting opposition's charge that government is muzzling its voice in Parliament, the government accused the opposition of scuttling Parliament in a pre-planned manner.
Slamming the ruckus by Opposition MPs where some members climbed tables and scuffled with the marshals, the ministers said that the behaviour was shameful and the MPs must apologise to the nation.
Parliament affairs minister Prahlad Joshi alleged that Opposition MPs "threatened of a disastrous situation" if the govt tried to pass bills in House.
The ministers also demanded action against the opposition MPs who created ruckus in the House. The opposition is trying to spread anarchy from sansad to streets.
&nbsp;

Watch: Govt fields 7 ministers to counter Opposition's charges

Refuting opposition's charge that government is muzzling its voice in Parliament, the government accused the opposition of scuttling Parliament in a pre-planned manner

((Start with Prahlad&nbsp;Joshi&nbsp;byte: Oppn&nbsp;scuttled Parliament in a Pre-planned manner))&nbsp;
Government on Thursday fielded seven top ministers to hit back at Opposition over the washed out Monsoon Session of Parliament.
Refuting opposition's charge that government is muzzling its voice in Parliament, the government accused the opposition of scuttling Parliament in a pre-planned manner.
Slamming the ruckus by Opposition MPs where some members climbed tables and scuffled with the marshals, the ministers said that the behaviour was shameful and the MPs must apologise to the nation.
Parliament affairs minister Prahlad Joshi alleged that Opposition MPs "threatened of a disastrous situation" if the govt tried to pass bills in House.
The ministers also demanded action against the opposition MPs who created ruckus in the House. The opposition is trying to spread anarchy from sansad to streets.
Byte: Piyush&nbsp;Goyal:&nbsp;We have seen competitive opposition in house. Ek aam aadmi party ka chair par chadh to Congress waale bhi chadh gaye. They have shamed the House. and instead of apologising they say we will do it again.

Government on Thursday fielded seven top ministers to hit back at Opposition over the washed out Monsoon Session of Parliament. The government accused the opposition of scuttling Parliament in a pre-planned manner

Government on Thursday fielded seven top ministers to hit back at Opposition over the washed out Monsoon Session of Parliament.
Refuting opposition's charge that government is muzzling its voice in Parliament, the government accused the opposition of scuttling Parliament in a pre-planned manner.
Slamming the ruckus by Opposition MPs where some members climbed tables and scuffled with the marshals, the ministers said that the behaviour was shameful and the MPs must apologise to the nation.
Also See |&nbsp;<a href="https://www.editorji.com/story/after-abrupt-end-to-parliament-session-united-opposition-hits-streets-1628749996261" target="_blank">After abrupt end to Parliament session, united Opposition hits streets</a>
Parliament affairs minister Prahlad Joshi alleged that Opposition MPs "threatened of a disastrous situation" if the govt tried to pass bills in House.
The ministers also demanded action against the opposition MPs who created ruckus in the House. The opposition is trying to spread anarchy from sansad to streets.
&nbsp;

Amid a deadlock in Parliament over the Pegasus snooping row, the Opposition and government have come to an agreement over a constitution amendment bill that gives states the right to make their own list of Other Backward Classes.
The Opposition has assured the government of support in passing the bill in Parliament, which has seen little work this session amid a logjam over the snooping row.
Leader of Opposition in Rajya Sabha, Mallikarjun Kharge on Monday said all Opposition parties will support The Constitution (Amendment) Bill being introduced in Parliament.
A constitution amendment bill requires two-thirds majority to for passage in Parliament and with Opposition on board, the govt will have no trouble in seeing it through.
&nbsp;

Amid Parliament logjam, govt gets Opposition support on key OBC bill

The Opposition has assured the government of support in passing the key OBC bill in Parliament, which has seen little work in Monsoon Session amid a logjam over the Pegasus snooping row.

Amid a deadlock in Parliament over the Pegasus snooping row, the Opposition and government have come to an agreement over a constitution amendment bill that gives states the right to make their own list of Other Backward Classes.
The Opposition has assured the government of support in passing the bill in Parliament, which has seen little work this session amid a logjam over the snooping row.
Leader of Opposition in Rajya Sabha, Mallikarjun Kharge on Monday said all Opposition parties will support The Constitution (Amendment) Bill being introduced in Parliament.
A constitution amendment bill requires two-thirds majority to for passage in Parliament and with Opposition on board, the govt will have no trouble in seeing it through.
&nbsp;

The Opposition and government have come to an agreement over a Constitution amendment bill that gives states the right to make their own list of Other Backward Classes

Amid a deadlock in Parliament over the Pegasus snooping row, the Opposition and government have come to an agreement over a constitution amendment bill that gives states the right to make their own list of Other Backward Classes.
The Opposition has assured the government of support in passing the bill in Parliament, which has seen little work this session amid a logjam over the snooping row.
Leader of Opposition in Rajya Sabha, Mallikarjun Kharge on Monday said all Opposition parties will support The Constitution (Amendment) Bill being introduced in Parliament.
A constitution amendment bill requires two-thirds majority to for passage in Parliament and with Opposition on board, the govt will have no trouble in seeing it through.

The government on Sunday announced that Covid-19 vaccination certificate can now be obtained within seconds via WhatsApp.
The office of Health Minister Mansukh Mandaviya in a tweet explained the process-&nbsp;"Revolutionising common man's life using technology! Now get #COVID19 vaccination certificate through MyGov Corona Helpdesk in 3 easy steps. Save contact number: +91 9013151515. Type &amp; send 'covid certificate' on WhatsApp. Enter OTP. Get your certificate in seconds."&nbsp;
But several people complained of fallacies in the downloaded certificates.
However, the convenient method gained bipartisan praise. Congress leader Shashi Tharoor said that though he was a critic of CoWin, the WhatsApp option is terrific as it is simple and fast.

You can now download your Covid vaccination certificate on WhatsApp 'within seconds' 

Covid-19 vaccination certificate can now be obtained within seconds via WhatsApp.

The government on Sunday announced that Covid-19 vaccination certificate can now be obtained within seconds via WhatsApp.
The office of Health Minister Mansukh Mandaviya in a tweet explained the process- save the number provided by govt, type &amp; send a message on WhatsApp&nbsp;and then&nbsp;enter the&nbsp;OTP&nbsp;received.
This is a significant move at a time when several states are insisting on vaccination certificates for inter-state travel.
The convenient method gained praise from across the political aisle. Congress leader Shashi Tharoor said that though he was a critic of CoWin, the WhatsApp option is terrific as it is simple and fast.
However, several people who tried the process said they got incorrect results. Some complained the certificate mentioned the same date for both doses, while others said they were informed that they had received no vaccine

3 easy steps to get the vaccination certificate&nbsp;in seconds on WhatsApp

The government on Sunday announced that Covid-19 vaccination certificate can now be obtained within seconds via WhatsApp.
The office of Health Minister Mansukh Mandaviya in a tweet explained the process. Save contact number: +91 9013151515.
Type &amp; send 'covid certificate' on WhatsApp.
Enter OTP. Get your certificate in seconds.
This is a significant move at a time when several states are insisting on vaccination certificates for inter-state travel.
The convenient method gained praise from across the political aisle. Congress leader Shashi Tharoor said that though he was a critic of CoWin, the WhatsApp option is terrific as it is simple and fast.
However, several people who tried the process said they got incorrect results. Some complained the certificate mentioned the same date for both doses, while others said they were informed that they had received no vaccine

As the government gears up for a reboot, we look at a crucial pillar of democracy that is in dire need of reform- the judicial system. The issue of judicial reform was raked up once again as civil society outraged over the death of 84-yr-old activist Stan Swamy while in custody. As thousands of undertrials languish in jails waiting for justice to be served, we ask if justice delayed is justice denied? As cases of frivolous FIRs emerge, we ask if there is any accountability for those who file false charges? Is it time to re-look at draconian laws that infringe on an individual's fundamental rights and freedom? Should judicial reform be carried out by the judiciary or the executive? To know the answers to these questions and more, watch this week's episode of News Guru

News Guru: Is it time for Big Bang judicial reforms?

Descriptor: While the government looks to reboot, we look&nbsp;we look at a crucial pillar of democracy that is in dire need of reform- the judicial system. Is justice&nbsp;delayed justice denied? Has the process become the punishment? With cases of custody deaths, unlawful detention and frivolous FIRs being reported in India, we ask if the country is in desperate need of judicial reforms. &nbsp;

As the government gears up for a reboot, we look at a crucial pillar of democracy that is in dire need of reform- the judicial system. The issue of judicial reform was raked up once again as civil society outraged over the death of 84-yr-old activist Stan Swamy while in custody. As thousands of undertrials languish in jails waiting for justice to be served, we ask if justice delayed is justice denied? As cases of frivolous FIRs emerge, we ask if there is any accountability for those who file false charges? Is it time to re-look at draconian laws that infringe on an individual's fundamental rights and freedom? Should judicial reform be carried out by the judiciary or the executive? To know the answers to these questions and more, watch this week's episode of News Guru

As the government gears up for a reboot, we look at a crucial pillar of democracy that is in dire need of reform- the judicial system.

Rijiju, Raj Kumar Singh, Puti, Kishen Reddy, Anurag Thakur

Cabinet Reshuffle 2021: 7 ministers elevated to the Cabinet rank 

//Cabinet Reshuffle&nbsp;2021: 7 ministers elevated to the Cabinet rank&nbsp; //MoS Youth Affairs and Sports Kiren&nbsp;Rijiju&nbsp;elevated as Cabinet Minister&nbsp;&nbsp; //Cabinet shuffle &amp; expansion: Hardeep&nbsp;Singh&nbsp;Puri&nbsp;takes oath&nbsp; //G&nbsp;Kishan Reddy promoted as Cabinet minister, takes oath //MoS&nbsp;Finance &amp; Corporate Affairs Anurag&nbsp;Thakur&nbsp;elevated as Cabinet Minister //Raj Kumar&nbsp;Singh elevated to Union Cabinet minister rank

Tamil Nadu government has extended the coronavirus lockdown in capital Chennai and surrounding districts till 6pm on July 5 with several relaxations on the curbs.
Tamil Nadu has geographically classified the 38 districts in the state into 3 categories based on the virus caseload.
The 4 districts in Category 3- Chennai, Kancheepuram, Tiruvallur and Chengalpet has opened doors to all&nbsp; private establishments with 100% workforce. Places of worship will be open but any festival or consecration ceremony won&rsquo;t be allowed.
Textile and jewellery shops can function sans air-conditioning between 9 am and 7pm with 50% customers.
Similarly shopping malls are open between 9 am and 7 pm. In-house dining is still prohibited, restaurants can offer take away service.
Theatres remain closed while sports academies and outdoor events are allowed between 6am and 9pm without audience.

Chennai extends Covid-19 lockdown till July 5 with several relaxations 

The Tamil Nadu government has extended the coronavirus lockdown in capital Chennai and surrounding districts till 6pm on July 5 with several relaxations on the curbs.
Tamil Nadu has geographically classified the 38 districts in the state into 3 categories based on the virus caseload.&nbsp;The 4 districts in Category 3- Chennai, Kancheepuram, Tiruvallur and Chengalpet has opened doors to all private establishments with 100% workforce. Places of worship will be open but any festival or consecration ceremony won&rsquo;t be allowed.
Textile and jewellery shops can function sans air-conditioning between 9 am and 7pm with 50% customers.&nbsp;Similarly shopping malls are open between 9 am and 7 pm. In-house dining is still prohibited, restaurants can offer take away service.
Theatres remain closed while sports academies and outdoor events are allowed between 6am and 9pm without audience.

government

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