Top Headlines: In a ‘goodwill gesture’, India to release 11 Pakistani prisoners today

Times of India

Daily Newsletter | Monday, June 12, 2017
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In a ‘goodwill gesture’, India to release 11 Pakistani prisoners today
The release is significant as it also comes days after Modi’s “exchange of greetings” with Sharif in Astana on the margins of the SCO summit. According to official sources, since it was the first occasion when the 2 leaders came across each other after Sharif’s operation, PM enquired about his health. He also enquired about Sharif’s mother and family.
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Desperate times call for desperate measures. Facing an uncertain future, Air India employees are coming up with radical measures to cut costs that include removing salad from economy class meals on international flights and carrying fewer magazines on planes to reduce weight because a lighter plane burns less fuel.
Govt lowers GST rates for 66 items
The Centre and states decided on Sunday to lower rates on 66 goods and services — from pickles and cheaper cinema tickets to insulin and instant food mixes — and also eased the compliance burden for small businesses as they raced to be ready to launch the goods and services tax from July 1.

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CBSE seeks extension of time from Orissa HC to publish re-evaluated results
The Central Board of Secondary Education (CBSE) has filed a petition in the Orissa High Court seeking extension of time for declaring the re-evaluated results of 18 students.
Muzaffarnagar riots victim gang-raped
A 30-year-old woman, displaced after the 2013 Muzaffarnagar riots, was allegedly raped by four persons, police said on Sunday. The incident took place on Saturday when the woman was picked up by a man and taken to a nearby jungle where three others joined him and raped her.

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These startups are banking on bitcoins
Ever since its creation in 2009, Bitcoin, the world’s first and most popular cryptocurrency, has been in the limelight for multiple reasons. While some countries like Bolivia, Ecuador and Bangladesh have banned bitcoins, Australia and Japan are regul…
Micromax’s big plan to beat Xiaomi, Vivo and other Chinese smartphone brands
In terms of the overall market share (smartphones plus feature phones), Micromax has been pipped by a little-known Chinese player Itel.

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Champions Trophy: India pummel South Africa to enter semi-final
Defending champions India made it to the semi-final of the ICC Champions Trophy by defeating South Africa in a must-win encounter in the final league match by eight wickets at the Kennington Oval, London on Sunday.
Nadal claims record 10th French Open title
Rafael Nadal coasted to a record 10th French Open title on Sunday, demolishing Stan Wawrinka in a brutally one-sided final which also earned the Spaniard a 15th Grand Slam crown.
Our wins are no longer upsets: Ex-Bangladesh stars
Ashraful, Bashar feel their Champions Trophy semis entry is the highest point of their cricket journey so far.

BUSINESS MORE »

GST Council may not lower burden on hybrid vehicles
The Centre on Sunday indicated that it was unwilling to lower the GST burden on hybrid cars, which face a 43% levy along with SUVs and other luxury cars, as it did not want mild hybrids to walk away with gains.
Note ban has and may continue to result in a slowdown: SBI
The effects of India’s recent demonetisation decision are uncertain, which may adversely affect the bank’s business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the ‘risk factors’.
ONGC keen to buy HPCL, may cost about Rs 42,254 crore
Sources said while initially the government was looking at creating an integrated oil company through merge of an oil producer with a refiner, the idea was dropped for the fear of not repeating of the Air India-Indian Airlines merger.

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