Citizens' Issues
Get your passports reissued for free: Sushma tells Chennai residents
External Affairs Minister Sushma Swaraj on Monday said people who lost their passports in the Chennai floods will get the same reissued for free.
 
"If your passport is lost or damaged in floods, please go to any of the three (Passport Sewa Kendra) PSKs in Chennai. They will issue you fresh passport free of charge," the minister tweeted.
 
Lakhs of people were hit due to floods caused by torrential rains in the Tamil Nadu capital. 
 
Life was slowly limping back to normalcy on Monday.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 
 

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Nifty, Sensex may put in a short rally – Monday closing report
Nifty may not be out of the woods yet but may bounce back till 7850
 
We had mentioned in our last week closing report that Nifty, Sensex is in a downtrend and Nifty may head towards 7,600. Today, although Nifty opened higher it was on a continuous downtrend. It hit its days high at the opening of the session and moved lower. By 10.51 am it was trading close to Friday’s close. After moving sideways upto 12.34 pm it moved into the red and could not revive, making it the fourth consecutive day of loss making session. The trends in the major indices in the course of Monday’s trading are given in the table below:
 
 
 
Heightened prospects of a US rate hike, coupled with slow progress in the Indian Parliament in approving a key economic legislation, subdued Indian equity markets on Monday, leading to a barometer index closing 108 points in the red.
Initially, both the bellwether indices of the Indian equity markets opened higher in sync with their Asian peers which firmed up following Friday's positive close for the US markets.
 
Furthermore, Friday's recommendations from the chief economic advisor (CEA) for a standard goods and services tax (GST) rate in the range of 17-18% and to eliminate all taxes on inter-state trade buoyed markets.
 
During Monday's trade, the barometer 30-scrip sensitive index (Sensex) of the BSE shed 108 points or 0.42%. Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE), too, closed in the red. It was marginally lower by 17 points or 0.21% at 7,765.40 points.
 
The 30-stock Sensex, which opened at 25,746.03 points, closed at 25,530.11 points, down 108 points or 0.42% from the previous day's close at 25,638.11 points. The Sensex touched a high of 25,785.53 points and a low of 25,477.69 points during the intra-day trade. Markets observers pointed out that the parliament's logjam has reduced the chances of GST bill getting passed this session. This has been a major dampener for the markets.
 
According to data with stock exchanges, FIIs sold stocks worth Rs65.04 crore, while DIIs off-loaded stocks worth Rs54.9 crore.
 
FMCG, public sector banks, energy and auto stocks came under selling pressure. Pharma, tech and reality stocks outperformed with decent gains.
 
Sector-wise, healthy buying was observed in healthcare, banking and consumer durables sector, while selling pressure was seen in fast moving consumer goods (FMCG), metal and oil and gas sectors.
 
The healthcare index rose by 126.40 points, banking index gained by 57.54 points and consumer durables index was higher by 35.27 points, while the FMCG index plunged by 191.68 points, metal index receded by 55.85 points and oil and gas index declined by 42.56 points.
 
Major Sensex gainers during Monday's trade were Sun Pharma, up 2.81% at Rs.777.35; Hindustan Unilever, up 2.01% at Rs.831.75; Lupin, up 1.41% at Rs.1,831.35, Tata Steel, up 1.39% at Rs.243.55; and HDFC, up 1.20% at Rs.1,186.
 
The major Sensex losers were ITC, down 6.57% at Rs.313.55 (on fears of higher taxes on account of GST); Coal India, down 2.42% at Rs.327.55; ONGC, down 1.54% at Rs.224.10; Reliance Industries, down 1.25% at Rs.953.70; and Maruti Suzuki, down 0.91% at Rs.4,564.35.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
Both the foreign institutional investors (FIIs) and the domestic institutional investors (DIIs) were net sellers during the day's trade at the stock exchanges.
 
The closing values of the major Asian indices are given in the table below:
 
 

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Tendulkar asks about new driving licence, goverment responds
Master blaster Sachin Tendulkar has played long and bold innings on numerous occasions on the cricket pitch, but seems to be making his moves only gingerly on the political pitch.
 
The former ace cricketer on Monday elicited a response from a union minister in the Rajya Sabha to his written query - only the second so far, more than three years since he became a member of the upper house of parliament - about "changes in provisions for issuance of driving licences". 
 
The government said there was a proposal to replace Motor Vehicles Act of 1988 with a new law to facilitate technological intervention and information technology-based systems to ensure efficient and safe transport network in the country.
 
"Whether under the proposed new Motor Vehicles Act, the government proposes to make driving licence procedure more transparent and stringent in order to curb fake licences; whether it is also proposed to implement strict guidelines to test and train the driving licence applicants; and what steps are being taken in the new Act to safeguard the rights of pedestrians, drivers, physically challenged persons and to curb the incidents of road rage?" the cricket legend asked. 
 
In reply, Minister of State for Road Transport and Highways P. Radhakrishnan said the ministry was working on a proposal to replace the Motor Vehicles Act with 'The Road Transport and Safety Bill, 2015'. 
 
"The bill proposes to have a 'unified driving licencing system' that envisages simplified application and issuance procedures for driver licencing system, adopting technology for driving testing facilities. Unified biometric system is proposed to be adopted to avoid duplication of licences," the minister said.
 
"The Road Transport and Safety Bill, 2015, inter alia, proposes to include regulation for pedestrians, non-motorised transport and motor vehicles. It includes sensitising and educating drivers and other road users. It also provides special consideration to vulnerable road users such as women, children, senior citizens and differently-abled persons," the minister said.
 
"Combination of penalties and fines to enforce traffic rules, strict enforcement for driving under the influence of alcohol and drugs, rash driving, electronic detection and centralised offences information to identify repeat offenders have also been proposed," Radhakrishnan said.
 
Tendulkar became a nominated Rajya Sabha member in April 2012. He has only seven percent attendance in the house, as per PRS Legislative Research, against a national average of 78 percent.
 
He has so far not participated in any debate, nor has brought forth any private member's bill in the house.
 
His attendance in the current session of parliament so far is 17 percent, as per PRS Legislative Research website.
 
Tendulkar's maiden involvement in the house proceedings came on Friday through a written question to the railway ministry, to which he received a written answer from Minister of State for Railways Manoj Sinha. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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