1. India becomes most attractive investment destination: BPI 2015
India has become most attractive investment destination in world after it was ranked first among 110 countries in a ranking of destinations for attractiveness to foreign investors. The ranking was based on baseline profitability index (BPI) 2015. In this edition of China was placed at the 65th position and US was placed at the 50th. India has emerged as top investment destination in BPI 2015 compared to previous 6th position held in the 2014 index. It should be noted that high ranking in this index indicates high returns and improving economic institutions.
2. Sri Lankan President dissolves parliament
Sri Lankan President Maithripala Sirisena today dissolved the parliament,
paving the way for fresh parliamentary elections in mid August, eight months ahead of the schedule.
President Sirisena has signed the relevant gazette notification and sent to the Government Printer, a presidential source said.
The Government Printer’s office confirmed the receipt of the duly signed notice from the President.
The long awaited dissolution of the 225-member House will pave the way for a fresh parliamentary election mid August, sources said.
The election will come eight months ahead of the scheduled date in April 2016. However, the President had promised to dissolve the parliament on April 23 of this year at the conclusion of 100 days of his new government.
He held the decision back to implement his reforms — both constitutional and electoral.
Although the constitutional reform in the form of 19th Amendment was approved in late April, the electoral reforms or the 20A ran into a snag as political parties failed to reach consensus on the ideal system of elections to replace the current proportional representation system.
Sirisena appointed a minority government headed by Prime Minister Ranil Wickremesinghe after defeating Mahinda Rajapaksa in the January presidential election.
Wickremesinghe’s United National Party (UNP) was opting for early polls having backed Sirisena against Rajapaksa.
3. PM to launch Digital India on July 1
Top business leaders are expected to be part of the Digital India launch by Prime Minsiter Narendra Modi on July 1.
“We have invited Cyrus Mistry, Mukesh Ambani, Azim Premji, Pawan Munjal, Sunil Mittal, Kumar Manglam Birla, among others, for the mission’s launch at The Indira Gandhi Indoor Stadium. Around 10,000 people are expected to be present at the launch,” Minister of Communications and Information Technology, Ravi Shankar Prasad, said.
He was speaking at a press conference on ‘Digital India’ here on Saturday.
Prasad added that Digital India Week would be celebrated by 26 States and UTs, apart from district level events in 600 districts. It will also be celebrated with industry collaborations across 314 locations
4. US Supreme Court extends same sex marriage nationwide
The Supreme Court declared today that same-sex couples have a right to marry anywhere in the United States.
Gay and lesbian couples already can marry in 36 states and the District of Columbia. The court’s 5-4 ruling means the remaining 14 states, in the South and Midwest, will have to stop enforcing their bans on same-sex marriage.
The outcome is the culmination of two decades of Supreme Court litigation over marriage, and gay rights generally.
Just two years ago, the Supreme Court struck down part of the federal anti—gay marriage law that denied a range of government benefits to legally married same-sex couples.
The decision in United States v. Windsor did not address the validity of state marriage bans, but courts across the country, with few exceptions, said its logic compelled them to invalidate state laws that prohibited gay and lesbian couples from marrying.
The number of states allowing same-sex marriage has grown rapidly. As recently as October, just over one-third of the states permitted same-sex marriage.
There are an estimated 390,000 married same-sex couples in the United States, according to Williams Institute at the University of California, Los Angeles, which tracks the demographics of gay and lesbian Americans.
5. Greece's Tsipras calls referendum to break bailout deadlock
Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a risky popular vote.
The surprise call marked the most dramatic twist yet in five-month negotiations between Greece and its lenders, plunging the cash-strapped nation into uncharted waters and risking a default and capital controls as hopes for an aid agreement faded.
After a week of acrimonious talks in Brussels, Tsipras dismissed lenders' proposals as "blackmail" before flying to Athens to huddle with ministers. After midnight, he appeared on television to announce plans for a referendum on July 5.
Government ministers emerging from the cabinet meeting said they were confident Greeks would vote no and reject the bailout demands, leaving open the question as to whether the country had other options besides leaving the euro in such an event.
The referendum call also throws the country's tottering banking system into focus, though a deputy minister said there were no plans to impose capital controls and banks would open as normal on Monday.
The euro zone had offered to release billions in frozen aid if Greece accepted and implemented pension and tax reforms that are anathema to its leftist government, elected in January on a promise to end austerity.
Without the bailout funds, Athens is due to default on 1.6 billion euros in repayments to the International Monetary Fund on Tuesday, pushing Greece closer to being forced out of the euro, causing chaos for its economy and financial markets.
6. India leads FDI in South Asia with 34 billion investment in 2014: UNCTAD Report
India has topped in the regional inflow of Foreign Direct Investment (FDI) in South Asia region during year 2014, accounting for 34 billion US dollars investments. It was revealed in United Nations Conference on Trade and Development’s (UNCTAD’s) World Investment Report 2015.
7. Centrally sponsored schemes likely to be reduced to 30
The number of centrally sponsored schemes (CSS) is likely to be reduced to 30 from 72 with a Chief Ministers’ Sub-Group of NITI Aayog reaching a broad consensus on the issue.
The panel has also recommended to increase the share of flexi funds to 25 per cent from the current 10 per cent.
The recommendations will be finalised by July 5 and the consent of all members would be sought before submitting the final report to Prime Minister Narendra Modi.
The draft report suggested centrally sponsored schemes to be divided into two broad groups. The first, Core Scheme, comprising of a national development agenda that includes legislatively backed schemes such as MNREGA, Swachh Bharat Mission, and the Mid-Day Meal. The final list will be decided later.
The second is optional schemes for social protection and inclusion. Based on the division of schemes into two parts, the number of CSS would be 30, the draft stated.
According to a draft, the Centre’s share would not be less than 50 per cent.
8. Satnam Singh Bhamara- India's first NBA player
Satnam Singh Bhamara, the first Indian-born player to be drafted in the NBA League, was introduced to basketball by his father, who is a farmer. Picked by the Dallas Mavericks in the 2015 NBA Draft, Singh has made history. But, there's a long way to go.
9. Veselin Topalov won the Norway Chess Tournament 2015
Veselin Topalov on 25 June 2015 won the Norway Chess tournament 2015 by leaving behind Viswanathan Anand into a quick draw. Topalov secured 6½ points while Anand ended the tournament in second place with 6 points.
9. Veselin Topalov won the Norway Chess Tournament 2015
Veselin Topalov on 25 June 2015 won the Norway Chess tournament 2015 by leaving behind Viswanathan Anand into a quick draw. Topalov secured 6½ points while Anand ended the tournament in second place with 6 points.
1. India becomes most attractive investment destination: BPI 2015
India has become most attractive investment destination in world after it was ranked first among 110 countries in a ranking of destinations for attractiveness to foreign investors. The ranking was based on baseline profitability index (BPI) 2015. In this edition of China was placed at the 65th position and US was placed at the 50th. India has emerged as top investment destination in BPI 2015 compared to previous 6th position held in the 2014 index. It should be noted that high ranking in this index indicates high returns and improving economic institutions.
2. Sri Lankan President dissolves parliament
Sri Lankan President Maithripala Sirisena today dissolved the parliament,
paving the way for fresh parliamentary elections in mid August, eight months ahead of the schedule.
President Sirisena has signed the relevant gazette notification and sent to the Government Printer, a presidential source said.
The Government Printer’s office confirmed the receipt of the duly signed notice from the President.
The long awaited dissolution of the 225-member House will pave the way for a fresh parliamentary election mid August, sources said.
The election will come eight months ahead of the scheduled date in April 2016. However, the President had promised to dissolve the parliament on April 23 of this year at the conclusion of 100 days of his new government.
He held the decision back to implement his reforms — both constitutional and electoral.
Although the constitutional reform in the form of 19th Amendment was approved in late April, the electoral reforms or the 20A ran into a snag as political parties failed to reach consensus on the ideal system of elections to replace the current proportional representation system.
Sirisena appointed a minority government headed by Prime Minister Ranil Wickremesinghe after defeating Mahinda Rajapaksa in the January presidential election.
Wickremesinghe’s United National Party (UNP) was opting for early polls having backed Sirisena against Rajapaksa.
3. PM to launch Digital India on July 1
Top business leaders are expected to be part of the Digital India launch by Prime Minsiter Narendra Modi on July 1.
“We have invited Cyrus Mistry, Mukesh Ambani, Azim Premji, Pawan Munjal, Sunil Mittal, Kumar Manglam Birla, among others, for the mission’s launch at The Indira Gandhi Indoor Stadium. Around 10,000 people are expected to be present at the launch,” Minister of Communications and Information Technology, Ravi Shankar Prasad, said.
He was speaking at a press conference on ‘Digital India’ here on Saturday.
Prasad added that Digital India Week would be celebrated by 26 States and UTs, apart from district level events in 600 districts. It will also be celebrated with industry collaborations across 314 locations
4. US Supreme Court extends same sex marriage nationwide
The Supreme Court declared today that same-sex couples have a right to marry anywhere in the United States.
Gay and lesbian couples already can marry in 36 states and the District of Columbia. The court’s 5-4 ruling means the remaining 14 states, in the South and Midwest, will have to stop enforcing their bans on same-sex marriage.
The outcome is the culmination of two decades of Supreme Court litigation over marriage, and gay rights generally.
Just two years ago, the Supreme Court struck down part of the federal anti—gay marriage law that denied a range of government benefits to legally married same-sex couples.
The decision in United States v. Windsor did not address the validity of state marriage bans, but courts across the country, with few exceptions, said its logic compelled them to invalidate state laws that prohibited gay and lesbian couples from marrying.
The number of states allowing same-sex marriage has grown rapidly. As recently as October, just over one-third of the states permitted same-sex marriage.
There are an estimated 390,000 married same-sex couples in the United States, according to Williams Institute at the University of California, Los Angeles, which tracks the demographics of gay and lesbian Americans.
5. Greece's Tsipras calls referendum to break bailout deadlock
Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to a risky popular vote.
The surprise call marked the most dramatic twist yet in five-month negotiations between Greece and its lenders, plunging the cash-strapped nation into uncharted waters and risking a default and capital controls as hopes for an aid agreement faded.
After a week of acrimonious talks in Brussels, Tsipras dismissed lenders' proposals as "blackmail" before flying to Athens to huddle with ministers. After midnight, he appeared on television to announce plans for a referendum on July 5.
Government ministers emerging from the cabinet meeting said they were confident Greeks would vote no and reject the bailout demands, leaving open the question as to whether the country had other options besides leaving the euro in such an event.
The referendum call also throws the country's tottering banking system into focus, though a deputy minister said there were no plans to impose capital controls and banks would open as normal on Monday.
The euro zone had offered to release billions in frozen aid if Greece accepted and implemented pension and tax reforms that are anathema to its leftist government, elected in January on a promise to end austerity.
Without the bailout funds, Athens is due to default on 1.6 billion euros in repayments to the International Monetary Fund on Tuesday, pushing Greece closer to being forced out of the euro, causing chaos for its economy and financial markets.
6. India leads FDI in South Asia with 34 billion investment in 2014: UNCTAD Report
India has topped in the regional inflow of Foreign Direct Investment (FDI) in South Asia region during year 2014, accounting for 34 billion US dollars investments. It was revealed in United Nations Conference on Trade and Development’s (UNCTAD’s) World Investment Report 2015.
7. Centrally sponsored schemes likely to be reduced to 30
The number of centrally sponsored schemes (CSS) is likely to be reduced to 30 from 72 with a Chief Ministers’ Sub-Group of NITI Aayog reaching a broad consensus on the issue.
The panel has also recommended to increase the share of flexi funds to 25 per cent from the current 10 per cent.
The recommendations will be finalised by July 5 and the consent of all members would be sought before submitting the final report to Prime Minister Narendra Modi.
The draft report suggested centrally sponsored schemes to be divided into two broad groups. The first, Core Scheme, comprising of a national development agenda that includes legislatively backed schemes such as MNREGA, Swachh Bharat Mission, and the Mid-Day Meal. The final list will be decided later.
The second is optional schemes for social protection and inclusion. Based on the division of schemes into two parts, the number of CSS would be 30, the draft stated.
According to a draft, the Centre’s share would not be less than 50 per cent.
8. Satnam Singh Bhamara- India's first NBA player
Satnam Singh Bhamara, the first Indian-born player to be drafted in the NBA League, was introduced to basketball by his father, who is a farmer. Picked by the Dallas Mavericks in the 2015 NBA Draft, Singh has made history. But, there's a long way to go.
9. Veselin Topalov won the Norway Chess Tournament 2015
Veselin Topalov on 25 June 2015 won the Norway Chess tournament 2015 by leaving behind Viswanathan Anand into a quick draw. Topalov secured 6½ points while Anand ended the tournament in second place with 6 points.
9. Veselin Topalov won the Norway Chess Tournament 2015
Veselin Topalov on 25 June 2015 won the Norway Chess tournament 2015 by leaving behind Viswanathan Anand into a quick draw. Topalov secured 6½ points while Anand ended the tournament in second place with 6 points.
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