News Digest: Panel pulls up govt for failure to fill OBC jobs in univ faculties

		THE TIMES OF INDIA
		Wednesday, August 02, 2017
		Today's Headlines

		India
		Panel pulls up govt for failure to fill OBC jobs in univ faculties A parliamentary committee has slammed the government for high backlog in OBC vacancies in faculties in universities. Cong creates separate cells to attract professionals Congress on Tuesday announced the creation of two new AICC cells aimed at attracting professionals and unorganised workers to the party-fold. A day after, treasury bench shows strength Ministers were present in strength in Rajya Sabha on Tuesday when amendments in the Right to Education Act was unanimously passed by the Upper House. More India News»

		Business
		LPG price hiked by Rs 2 per cylinder A subsidised 14.2-kg of cylinder now costs Rs 479.77 in Delhi as against Rs 477.46 previously, according to Indian Oil Corp, the nation's largest fuel retailer. The hike is in line with the government's decision to raise rates every month to eliminate all subsidies by fiscal end. Next GST Council meet to decide on anti-profiteering mechanism The GST Council will finalise a mechanism to operationalise anti-profiteering clause which seeks to protect consumers interest, Jaitley told the Lok Sabha. The all powerful GST Council will meet on August 5 to take stock of implementation of GST which was rolled from July 1. Factory activity shrinks most in 9 years on GST confusion: Report The country's factory activity slumped to its lowest level in more than nine years in July, a private survey showed. It was the first time the reading has dropped below the 50 mark that separates growth from contraction since December and was its lowest reading since February 2009. More Business News»

		Environment
		Health costs of pollution in India 8 times govt's fuel subsidy India spent $16.9 billion on oil, gas and coal subsidies in 2013 and 2014 but the health costs to meet the burden of air pollution-linked diseases was eight times more at $140.7 billion, says a report by an European environmental non-profit organisation. Panda at French zoo expecting twins French zoo officials were doubly delighted on Tuesday on learning that their pregnant panda is expecting not one but two cubs at the weekend. The impending birth will be the first of a panda in France. Air pollution may cause 60,000 deaths in 2030: Study More Environment News»

		World
		At least 34 killed in Madagascar bus crash At least 34 people died when a bus carrying young Christian worshippers plunged down a steep ravine in Madagascar, police and hospital officials said on Tuesday. Iran complains to UN over new US sanctions Iran has complained to the UN Security Council over the latest US sanctions imposed on Tehran. The semi-official Tasnim news agency said Parliament Speaker Ali Larijani announced the complaint on Tuesday, though it's unclear what Iran expects the United Nations would do. Vietnam criticises China's cinema on South China Sea island Vietnam condemned China's construction and operation of movie theater on Paracel islands, as tension between the neighbours rises over disputed South China Sea waterway. The cinema on Woody Island, which are also claimed by Taiwan and Vietnam, is equipped with the most advanced projection equipment. More World News»

		Entertainment
		SRK: Don't oversimplify anybody's success As SRK's seemingly never-ending tryst with love stories and sentimental songs continues, the star has a great connect with his gushing, adoring fans from Abu Dhabi to Banaras, and a simple message for those who think this genre of cinema is easy - why don't you just replicate the model? The superstar on why simplistic assumptions are rarely accurate, why music is embedded in our movies, and how the Indian viewer is changing globally. 10 times Sunny Leone sizzled in a gown 5 interesting facts about 'A Gentleman' More Entertainment News»

		Science
		Eminent scientist Dr Pushpa Mitra Bhargava is dead Dr PM Bhargava, the founder-director of Hyderabad-based Centre for Cellular and Molecular Biology (CCMB) died on Tuesday. He was 89. ​His interests and engagements covered science as well as art and culture and their relation to society. New tech can reverse ageing in human cells There could be alien life on Titan: Study The Cornell University research provided the first indisputable evidence of the presence of a molecule - acrylonitrile - on Titan, which researchers theorized could be key to life on the methane-based, oxygen-free moon of Saturn. More Science News»

		Sports
		Kohli's men have achieved a lot more than earlier teams: Shastri India's chief coach Ravi Shastri believes that the current lot captained by Kohli has achieved way more than some of the teams which had illustrious names. He also praised Kohli's growing stature as a leader, comparing his present status to the time he first led in Adelaide more than two years ago. India to play 23 international matches at home The BCCI awarded three Test matches of the November-December home series against Sri Lanka to Kolkata, Nagpur and Delhi while the newly-constructed stadium in Barasapara, Guwahati was awarded a marquee T20 International against Australia in October. Vijender, China's Maimaitiali indulge in war of words Star boxer Vijender Singh's "Chinese products" remark has provoked his next opponent Zulpikar Maimaitiali to issue a strong retort ahead of their eagerly-awaited bout titled 'Battleground Asia'. More Sports News»

		Technology
		Now, you can also make video calls from Truecaller Swedish company Truecaller has announced its integration with Google’s video calling app Duo. Lenovo K8 Note to be exclusively available on Amazon starting August 9 Lenovo revealed that it will be launching its latest smartphone K8 Note in India on August 9. Samsung likely to launch its flip phone on August 3: Report South Korean consumer electronics giant Samsung is all set to launch its much-teased flip phone. More Technology News»

		Education
		Panel pulls up govt for failure to fill OBC jobs in univ faculties A parliamentary committee has slammed the government for high backlog in OBC vacancies in faculties in universities. Vacant seats at IITs touch a 4-year high 121 Spots At 23 Elite Institutes Go Unfilled Despite Seven Rounds Of Admission School teachers not to be given non-academic work: Javadekar More Education News»

		Mumbai
		Ex-cop to whom Nanavati surrendered dies at 96 John Lobo, former deputy commissioner of Mumbai police who naval officer Kawas Manekshaw Nanavati had famously surrendered to in 1959 after pumping bullets into his wife's lover, died at his Bandra home on July 31. Tomato prices drop as supplies improve Tomato prices started falling as supplies from Bangalore as well as places like Satara, Baramati, Narayangaon and Sangli improved slightly in the APMC market. Vacant seats at IITs touch a 4-year high 121 Spots At 23 Elite Institutes Go Unfilled Despite Seven Rounds Of Admission More Mumbai News»

		Delhi
		Fake study tour: Conmen duped Himachal Pradesh bureaucrats too Crime branch of Delhi Police arrested another person in the study tour fraud case on Tuesday.Abdul Rehman (25) laundered money on behalf of conman Anil Aggarwal. Azadpur traders end strike as government relents Fruit and vegetable traders at the Azadpur Mandi called off their strike on Tuesday after the government accepted most of their demands. Noida police find no evidence, close probe on maid's complaint However, probe on the three FIRs filed against Zohra, her family members and others for rioting and attempt to murder is still on. More Delhi News»

		Bangalore
		Now, KDA takes pro-Kannada campaign to banks, highways FM Stations In KarnatakaNext Target? Farm sector hit hard by GST BMTC's Vajra loses 4% revenue as Metro, cabs gain More Bangalore News»

		Hyderabad
		Healthscare: Mafia holds doctors to ransom Extortionists Force Them To Pay If Anything Goes Wrong Doctors call off strike, with a security rider beef up security at government hospitals to prevent recurrence of such incidents, failing which it has threatened to resume the stir. Hyderabad High Court to Andhra Pradesh: What action taken in Ayesha case? More Hyderabad News»

		Chennai
		Strike hits MTC services at Vadapalani Metropolitan Transport Corporation (MTC) bus services from Vadapalani bus depot was hit during the wee hours of Tuesday, following a protest by the employees against acute shortage of water. Head bashed with rock, ex-prof dies Chain snatchers go on a spree in city, leave cops gasping More Chennai News»

		Ahmedabad
		Gujarat ex-top cop Vanzara cleared in Sohrab, Prajapati encounter cases A special CBI court on Tuesday discharged former Gujarat top cop D G Vanzara in the alleged fake encounter cases in 2005 of Sohrabuddin Shaikh and his associate Tulsiram Prajapati on grounds of lack of evidence and absence of sanction to prosecute him. Congress whip forbids NOTA use and cross-voting RS elections: Patel raises doubts about ECI conduct More Ahmedabad News»

		Allahabad
		Aarushi case reports: Explain contradictions, court tells CBI The court also directed CBI counsel Anurag Khanna to apprise it on the Internet router, which was open during the night of murder of Aarushi and Hemraj and fixed August 31 for further hearing. Hostages captured by dacoit Babuli Kol, rescued In a major breakthrough, joint teams of police, STF and RPF rescued two hostages from the clutches of dreaded bandit Babuli Kol near Tikariya forest under Markundi police station late on Monday night after an encounter. Hostages rescued from dacoit Babuli Kol's clutches In a major breakthrough, joint teams of police, STF and RPF rescued two hostages from the clutches of dreaded bandit Babuli Kol near Tikariya forest under Markundi police station late on Monday night after an encounter. More Allahabad News»

		Bhubaneswar
		Skyrocketing vegetables and fruits prices make pocket pinch After skyrocketing prices of tomato, onion and vegetables now soaring fruit prices have made a pinch in pockets of common men. Naveen Patnaik requests to extend cut-off date for registration of farmers under PMFBY Pilgrims all set for Haj this year Preparations are in full swing among Haj pilgrims of the state as their journey date draws nearer.About 700 pilgrims from the state will go for annual Haj this year. More Bhubaneswar News»

		Bhopal
		Cow vigilantes thrash villagers Farmers to protest again from Aug 16 Patient suffers burn during MRI, attendants create ruckus More Bhopal News»

		Chandigarh
		Father held for sodomising, killing toddler The police on Tuesday arrested the father of the 17-month-old toddler who had died a day earlier in Mohali's Dera Bassi area after being sodomised. The father (47) had initially claimed that a stranger had murdered the boy. Don't know of teen getting Rs 1.44 crore offer: Google Housing society booked for duping resident of Rs 22L More Chandigarh News»

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Why you should ignore investment advice from friends and family

THE ECONOMIC TIMES Tue, Aug 01, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #Tax Filing, #RERA, #sukanya samriddhi yojana calculator, #income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

Why you should ignore investment advice from friends and family Several studies in the field of behavioural finance show that peers can influence our asset-buying decisions. Free advice can do more harm than good. How to file income tax return for FY2016-17 From checking Form 16 to calculating taxable income, here is all the information you need to file your income tax return for FY2016-17 Filed your income tax returns? Tax notices that you may get and how to deal with it Here are some sections of the IT Act under which you can get a tax notice. ET Wealth tells you what to do if you get one. The best investment advice in 87 words Savers who don't understand investing don't know how to tell good advice from bad. So why not listen to a cartoonist for a change. From our Partners Leadership 2.0- Sculpting leaders of tomorrow for a new financial paradigm The Financial Sector needs new leaders! From our Partners Have Rs. 500 in your Account; Invest in Mutual Funds now with ET Money A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Will metal company stocks continue to outperform? The Nifty Metals Index has surged 11.6%, even as the Nifty 50 jumped 4% during the same period. Is the buoyancy likely to sustain? 5 stocks that pushed Nifty to 10,000 mark in 2017 ET Wealth looked at where Nifty would be if these five stocks were not included in its computation. Together, they have added 863 points to the Nifty this year. 5 tips for last-minute travel deals If you've been too busy to book a holiday for the long weekend in August, here are some ways that can help you secure a good deal now. 7 smartphones to look forward to this August The Indian smartphone market is expected to witness multiple smartphone launches in August. ET Wealth profiles some of the most interesting ones out of the crowd.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

5 smart things to know about modes of filing income tax returns One can take help of the IT department appointed tax return preparers to prepare and file income tax if one finds it difficult to do so. How to schedule future transactions in mutual funds Instead of carrying out the transaction on the date of cash flow or expense, it is now possible to set up the transaction in advance online. Why some wealthy people find it difficult to spend money Wealthy people suffer from insecurity about money but sensible asset allocation and cultivating a giving attitude can help them enjoy their wealth. Here's how your money matters will be impacted if financial year ends on Dec 31, 2017 If the current financial year ends on 31 December, the basic exemption and deduction limits under various sections may be reduced on a pro rata basis. How should one invest in a rising equity market? Market is expected be volatile and if one staggers investments, one may be able to buy at lower levels, a sort of a natural hedge against volatility. Which online money transfer method will suit you? Find out How do you decide which digital payment to opt for? Here's help to find what suits you best. Sovereign gold bonds to be available on tap, rules revised The government has increased the annual investment limit in Sovereign Gold Bonds from 500 g to 4 kg. 83% retail investors invest directly in stocks, only 57% invest in MFs: Survey A survey by Geojit reveals that a larger percentage of millennials, in the age group of 20-30, is willing to take risks to earn higher returns. Family Finance: Nilajkars need to speed up their investments to reach financial goals The Belgaum-based Sunil S. & Kaveri Nilajkar will need to raise the equity exposure in their investments if they want to reach their goals. Stock pick of the week: What makes Mahindra CIE analysts' favourite Focus on growth, improved profitability, diversification of client risk, growth opportunity in India has made Mahindra CIE analysts' favourite. Tax Optimizer: NPS, rejigging salary structure can help Jain cut tax by nearly Rs 1 lakh Jain can reduce the tax outgo by asking his company to offer a few more tax-free allowances, such as LTA and reimbursements of telephone and newspaper bills. What makes Principal Growth Fund a worthy candidate in the flexi-cap mutual fund category The portfolio is heavily diversified as a result of a conscious approach to distribute risk thinly across stocks with lower market-cap. Deliver flats to 1.5 lakh buyers on time or face action, Yogi Adityanath warns Noida builders "My government's experience of the last four months has been that there is a big issue between the builders and buyers in the state," he said. Startup CogniCor is improving customer engagement efficiency via virtual assistants "Our projections indicate that we will clock Rs 7.5 crore by end-2017," Sindhu Joseph, Co-founder and CEO, CogniCor Alternative investment returns monitor: For the week ending July 26, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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