| Good evening! |
| Here’s everything that transpired during the course of the day… |
| Govt is considering to provide tax-free gratuity of up to Rs 20L to organized sector employees. Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free Rs 20 lakh gratuity. At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity after leaving job or at time of superannuation. Read |
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| Army chief has asserted that the pressure on Pakistan should be increased to stop cross-border terror. Gen Bipin Rawat said the armed forces operating in the Jammu and Kashmir cannot be “status quoist” and must evolve new strategies and tactics to deal with the situation in the state. Political initiative must go “hand-in-hand” with military operations to bring peace, he said. Read |
| Setting aside protocol, PM Modi received Israeli PM Benjamin Netanyahu, who arrived in India on a 6-day visit. The Israeli PM is accompanied by his wife Sara. The visit is expected to focus on business ties between the two countries. Netanyahu is accompanied by around 130 Israeli businesspeople representing some 100 companies in the cybersecurity, military, water, energy, agriculture, health and food industries. Read |
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| Saudi Arabia’s billionaire Prince Alwaleed is negotiating a possible settlement with govt to secure his freedom. Prince Alwaleed bin Talal has been detained for over two months in an anti-corruption crackdown. According to Forbes magazine, his net worth is estimated at $17 billion. Saudi officials say they aim to claw back some $100 billion of funds that rightfully belong to the state. Read |
| India thrashed Australia by 100 runs in their opening fixture in U19 World Cup. After posting 328/7, led by captain Prithvi Shaw’s 94 and fellow opener Manjot Kalra’s 86 and Shubham Gill’s 63, India bowlers put Australian batting to the sword with pacers Kamlesh Nagarkoti and Shivam Mavi claiming three wickets each. India open their campaign with a bang. Read |
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