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New Delhi, Aug 1: Finance Minister Arun Jaitley has said that the Government has proposed allocation of Rs 70,000 crore in four years for capitilisation of Public Sector Banks. Tabling the first batch of supplementary demands of grants for 2015-16 in Parliament Friday, Mr Jaitley said, Rs 12,000 crore rupees have been allocated for bank capitalization this year. The Minister said, the step would give a boost for investment and growth in the country. He said it is a long overdue step and the government is now implementing it. Mr Jaitley said, the government is committed to support bank capitalisation in future too. With the infusion of the amount provision for bank capitalization will reach a total of Rs 20,000 crore. Meanwhile, Minister of State for Finance Jayant Sinha has said that the NIIF, will be operational soon.
Kolkata, Aug 1: The flood situation in West Bengal has deteriorated following continuous rains since Friday night and heavy discharge of water from reservoirs. In Gujarat too, the death toll due to heavy rains and flood has reached to 40.Fresh areas have been inundated at Birbhum, Burdwan, Murshidabd, Nadia, Hooghly, Howrah, North and South 24 Paraganas districts. Breaches of river embakments were also reported from various places. Bhagirathi , Mayurakshi , Damodar, Mundeswari and other major rivers are flowing above the extreme danger level . More than 7 lakh people have been affected so far. Marooned people have taken shelter at various relief camps. In Kolkata vast areas have been waterlogged due to incessant rain. Train services have been affected due to inundation of rail tracks.
Los Angeles, Aug 1: Ranveer Singh Saini has become the first Indian Golfer to win a Gold medal at the Special Olympics World Games in Los Angeles. The 14-year-old autistic golfer achieved the feat in GF Golf-Level 2 Alternate Shot Team Play event Friday. Ranveer and his partner Monica Jajoo were nine shots clear of joint second-placed teams from Hong Kong and Nippon. 21 nations participated in the event. Two years ago, Ranveer had become the first Indian golfer to win 2 Gold medals at the Asia Pacific World Games. 14-year old Prabhroop Sekhon also clinched Gold medals in 300-metres and 500-metres Roller Skating. An Autistic student, Sekhon is from ASHA School in Lucknow Cantt., where he was coached and selected for various camps at State and National level as one amongst 241 participants representing India.
Bhopal , July 31: An engineering graduate of Mandleshwar in Khargone district, could not get a job despite hectic efforts. He was short of funds when he intended to start self-employment. At that juncture someone suggested him to visit District Industries Centre. The above mentioned youth, Ranjit Singh Solanki, got assistance worth Rs. 6.77 lakh under Rani Durgawati Yojana to open a computer training institute. This included Rs. 2.3 lakh subsidy. Today, his SSIT is counted among one of the best computer institutes in the area. Free training is imparted at his institute to students belonging to OBC, SC and ST. About 300 candidates are undergoing computer training at his institute presently while 4 persons are earning their bread through it.
New Delhi, July 31: Government has set a target to procure three crore tonnes of rice during the next kharif marketing season (2015-16). Rice procurement has already surpassed the target set for the ongoing 2014-15 marketing year. The Food Corporation of India, the nodal agency for foodgrain procurement and distribution, has so far purchased more than 31 million tonnes of rice. In a meeting of State Food Secretaries in New Delhi yesterday, Union Food Secretary, Vrinda Sarup said, States have been asked to identify immediately areas with maximum paddy production and to open adequate purchase centers and deploy sufficient manpower. They have also been advised to make arrangements for publicizing Minimum Support Price fixed,
Mumbai, July 31: Nestle India, the manufacturer of Maggi instant noodles, told the Bombay High Court that it is ready for an independent lab testing of the product provided the tests are carried out in the presence of a reputed scientist. While hearing Nestle's petition against the June 5 order of Food Safety Standards Authority of India (FSSAI) banning nine variants of Maggi, a division bench of Justices VM Kanade and BP Colabawala asked whether the company is ready for fresh independent tests. Nestle's lawyer Iqbal Chhagla said, the company is agreeable but the tests should be conducted in the presence of a renowned scientist and the samples available with the company should be used.