Plane with Brazilian soccer team crashes in Colombia

1480410681-4101

A chartered aircraft with 81 people on board, including a Brazilian first division soccer team heading to Colombia Plane Crash for a regional tournament final, has crashed on its way to Medellin’s international airport.

Aviation authorities said there are reports of at least six survivors.

“It’s a tragedy of huge proportions,” Medellin Mayor Federico Gutierrez told Blu Radio on his way to the site in a mountainous area outside the city where aircraft crashed.

1047948580

Aviation authorities said the British Aerospace 146 short-haul plane, operated by a Bolivian charter airline named Lamia, declared an emergency at 10 pm on Monday (0830 IST Tuesday) due to an electrical failure.

Authorities and rescuers were immediately activated but an air force helicopter had to turn back because of low visibility.

30colombia1-master675

They urged journalists to stay away from the hard-to- access zone and stay off the roads to facilitate the entry of ambulances and rescuers. The area has been hit by heavy rains in recent days.

An ambulance transporting a male passenger with oxygen and covered in a blanket arrived on a stretcher to a local hospital, Blu Radio reported. He was apparently alive.

The aircraft, which made a stop in Santa Cruz, Bolivia, was transporting the first division Chapecoense soccer team from southern Brazil. Read More

Melania Trump is set to be a long-distance first lady

She was an elusive figure in the campaign, had no political experience before her husband’s stunningly successful outsider campaign

main-qimg-3c2e41032ad558bd4d9fb94151e3948e-c

A long-distance first lady will be one of the many different things about Donald Trump’s administration.

Breaking with tradition, Melania Trump and 10-year-old son Barron will remain in New York City until the end of the school year, after the new president moves into the White Houseon January 20.

The decision sets Melania Trump apart from other first ladies. But it seems in character for the former model and naturalised US citizen from Slovenia.

She was an elusive figure in the campaign and had no political experience before her husband’s stunningly successful outsider campaign.

In an interview with US Weekly earlier this year, Melania Trump said that Barron “needs a parent at home, and I like to keep it as normal as possible.

Read Source>>>

FIFA should start promoting 2018 Russia World Cup more actively

By involving star footballers and advertising it during qualifying matches ahead of the tournament

1414580190-3629

World governing body FIFA should start promoting FIFA World Cup 2018 more actively by involving star footballers and advertising it during qualifying matches ahead of the tournament, Russian Deputy Prime Minister Vitaly Mutko has said.

Russian President Vladimir Putin would meet with FIFA President Gianni Infantino here on Friday, reports Sputnik.

But Mutko said before the meeting that they expect FIFA to start its preparations to reach a global audience. Read More

5 ways how India stands to benefit from the US pulling out of TPP

1471515006-8336.jpg

United States President-elect Donald Trump on Tuesday said the US will quit the TRANS-PACIFIC PARTNERSHIP (TPP) trade deal on his first day in the WHITE HOUSE. The mega trade deal involves 12 Pacific rim nations including major economies like Japan, Australia, New Zealand and Canada. With a collective population of about 800 million, almost double that of the European Union’s single MARKET, the bloc currently accounts for 40 per cent of world trade. While the free trade deal will see tariffs slashed between member nations to boost falling trade, sections within the US has argued it will further accelerate the slide in American jobs and production. Guessing that Trump does not go back on his decision, something he is known to do, India stands to benefit in a plethora of ways if TPP does not materialise.


HERE ARE A FEW OF THEM:-

1) Access to lucrative US market to be cut for India’s export competitors:

2) The Regional Comprehensive Economic Partnership deal to come into focus:

3) Pressure to conform with TPP standards in ongoing trade negotiations to slide:

4) India’s concerns over trade diversions and othernon-tariff barriers to lessen:

5) Greater chance of bilateral boost to trade by India and US:


READ SOURCE>>>

No transaction charges on debit card payments: Govt

The move comes after govt reviewed the situation post demonetisation of 500 and 1,000 rupee notes

1479883031-2392

To encourage widespread usage of digital payments post demonetisation, the government on Wednesday said no transaction charges will be levied on debit cards till December 31.

All public sector banks and some private sector ones have agreed to waive the transaction cost for all payments made through Debit Card Payments, Economic Affairs Secretary Shaktikanta Das said.

The move comes after the government reviewed the situation post demonetisation of 500 and 1,000 rupee notes and decided to encourage digital payments.

“Public sector banks and some of the private sector banks, and some of the service providers who provide switching services, have agreed to waive the service charges on the use of debit cards up to December 31, 2016,” Das said.

As of now, Rupay debit cards have already waived the switching charges. Other debit cards which operate international card network companies like Mastercard and Visa, currently charge transaction charges.

So far, customers bear the transaction cost commonly known as merchant discount rate (MDR) on payments made to the government.

“The MDR charges on use of debit cards, the charges being levied by the banks and the switching charges will stand completely waived. So, there will be no charge on use of debit cards. Read More

Will supporters of demonetisation please click yes, PM Modi asks nation

Through ‘Jan Jan Ki Baat,’ Modi asked 10 questions to gauge the mood of nation post demonetisation

1479650844-2213

After ‘Mann Ki Baat’, the Narendra Modi government is experimenting with ‘Jan Jan Ki Baat’ to get people’s feedback on burning issues. Within an hour of the Prime Minister asking citizens of the country to rate his latest initiative—demonetisation—on his narendramodi app, there were 3,700 retweets and 7,900 likes on his Twitter handle. Soon, Jan Jan Ki Baat was trending on social media with ‘’cashless India’’ stopping to give its feedback on the banning of big notes.

It is not known yet how many have taken time out to assess the latest initiative of the government, but the questions asked are pointed. With several state elections lined up through 2017, the PM wants to be sure how people have responded to demonetization as a step to eliminate black money.

It’s a 10-step survey, beginning with a simple question—do you think there’s black money in India. Then it goes on to ask whether you think it needs to be eliminated and what you think of the government efforts in eliminating black money etc. From the fifth question onwards, the survey gets into demonetisation full steam. Question number 5: How do you assess the government move to ban Rs 500 and Rs 1,000 notes? One has to move the fingers along the wheel to rate, while green and red lights flash on the screen to suggest what your assessment is. Read More

Jumla is the new black: Has Modi really rescued India from black money?

Modi’s demonetisation drive marks a break from past practice but his claim is just a jumla

1439526670-3784

It’s hard to tell whether demonetisation will turn out to be a bold hit or a costly miss, but it appears to many that the government has taken the black money bull by the horns. Announcing the withdrawal of Rs 500 and Rs 1000 notes, Prime Minister Narendra Modilisted several steps that his government had taken so far in its war on black money:

narendra-modi

Looks impressive, what’s not to like? Just that, once you discount the hype, it’s not very different from what’s been done by past governments, whether the United Progressive Alliance (UPA) or the United Front (UF).

Show me the money

Consider the figure of Rs 1,25,000 crore collected over two-and-a-half years. The government hasn’t provided a break-up, but based on finance ministry replies to parliamentary questions, it includes the following:

Rs 65,250 crore declared under the 2016 Income Disclosure Scheme (of which 45% will flow in as actual taxes)

Rs 21,354 crore of undisclosed income seized from individuals and businesses (under Section 132(4) of the Income Tax Act)

Rs 22,475 of additional income assessed from taxpayers by surveys (carried out under Section 133A of the Income Tax Act)

Rs 8,186 crore of undisclosed income held by Indians in accounts with HSBC Geneva, revealed by the French government in 2011

Around Rs 5,000 crore of offshore holdings by Indians that an International Consortium of Investigative Journalists investigation exposed in April 2013

All of which adds up to Rs 1,22,265 crore – close enough to our headline figure. But how remarkable is this effort?

The income disclosure scheme is a one-off (more about that later), but what about the black money brought into the open via searches, seizures and surveys? The chart below shows the record in previous years (source here):

main-qimg-0aee66d6c54d1ecbc0e4edc759ad13e8-c

interesting. Using the same definitions used by the Modi government, it turns out that the quantum of black money exposed in the last two years of the UPA was more than Rs 1,30,800 crore. That’s right – the UPA tracked down more black money than the Modi government did and in a shorter time frame.

As always, there are caveats. Not all the money assessed under Section 133A should be strictly considered “black”; some of it consisted of income that taxpayers felt was not taxable for whatever reason, but the authorities disagreed. Still, if the Modi government wants to count all those funds under its “black money” haul, it cannot deny the UPA credit for a bigger haul.

Bring back the money

That’s fine, you might say, but hasn’t the Modi government adopted a much more comprehensive approach to black money than the scam-tainted UPA? It’s passed bills to bring back black money, succeeded with its income disclosure scheme and, as Modi himself stated, reached agreements with many foreign countries to provide tax information. Read More