- Demonetisation: A mixed bag for Kannada film industry
- Demonetisation has had a mixed impact on the Kannada film industry, which has seen a turnover of ₹400 crore in the one year that has followed.
- While it helped production houses streamline their transactions through banking channels, it also affected a section of the industry that continues to be largely dependent on dealings in cash.
- Industry experts say the situation was grim till the end of December last year. Most of the films released in November and December fared below expectations and there was a considerable dip in footfall. It was single screens that felt the pinch very hard. Things improved in 2017.
- However, even before the industry could recuperate properly, it took another hit in the form of the Goods and Services Tax (GST) regime.
- The film industry, which largely depends on cash transactions, was suffocated till the Reserve Bank lifted cash withdrawal limits in March. “Producers had lost the freedom of making payment in cash and production of films resumed only in April, after five months,” said P.H. Basha, producer, distributor and exhibitor.
· India at 7th Position in Business Optimism Ranking
- India slipped in ‘business optimism’index to the 7th position in the September quarter, from the 2nd slot in the previous three months, showing clear signs of lag in the economy, as per Grant Thornton’s International Business Report (IBR).
- Indonesia is at the top, followed by Finland (2nd), the Netherlands (3rd), Philippines (4th), and Austria (5th). According to the quarterly global survey on business optimism.
- Indian businesses have expressed low confidence over revenue expectations in the next 12 months.
· Central Government approves National Highway project to connect two sacred places of Sahibzadas in Punjab
- Prime Minister Modi led central government given an approval of the national highway to link the Sri Fatehgarh Sahib and Sri Chamkaur Sahib.
- The national highway would be constructed at the cost of Rs500 croresfor connecting both the religious places.
- The approval 31 kilometerstretch of this national highway would be connected from National Highway-5 near Prem Nagar – Morinda – Chamkaur Sahib – Bela – Panyali with National Highway-344A.
· Reserve Bank of India to launch public awareness campaign through SMSes
- Reserve Bank of India– RBI launch a public awareness campaign through SMSes to educate public about various banking regulations and facilities available.
- It is the first time it uses the media SMS and emails as those used by the fraudsters.
- The public can give a missed call to 86919-60000 to get more information through Interactive Voice Response System (IVRS) on fake calls and emails as well as invest wisely and cautiously in chit funds.
· Kerala government launched She Pad scheme for school girls in Kerala
- Kerala government launched a new scheme for school students named ‘She Pad’in Kerala.
- It will benefit the girls of classes 6 to 12 in Kerala and will be implemented in 300 schools in 114 panchayats this year.
- Women’s Development Corporation in collaboration with the local governments will be implementing it, this year in 300 schools.
- This will be expanded to all schools in Kerala in the coming years.
· Maharashtra Government to set up village climate resilient committees
- The Maharashtra state government decided to set up a committee for the implementation of a Rs.4,000-crore project on climate resilience agriculture in 5,000 villages of 15 districts in the state.
- The seven-member panel, headed by the Principal Secretary (Agriculture), has been set up with a target of selecting 4,000 drought-prone villages for the implementation of the project.
- The programme aims to reduce farmers’ dependence on unpredictable weather cycles and enhance the resilience of agriculture to climate change and vulnerability through research and use of technology.
· Government Notifies Tax Avoidance Protocol Between India and New Zealand
- The Union Government notified the third protocol between India and New Zealandfor the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
- The protocol updates the existing framework of the exchange of tax-related information to a latest international standard which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.
- Saina Beats Sindhu to Clinch Badminton National Championship
- Saina Nehwal defeated PV Sindhu 21-17, 27-25 in the final of the National Badminton Championships.
- With this win, the Olympic bronze medailist has clinched her third nationals title in as many appearances.
- Saina took the first game quite comfortably, winning it 21-17. However, Sindhu, too, fought back brilliantly in the second game, but her efforts went in vain.
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