Nation
SC directs Shahabuddin to be shifted to Tihar Jail
The Supreme Court on Wednesday directed the shifting of Rashtriya Janata Dal (RJD) strongman Mohammad Shahabuddin from Bihar's Siwan jail to the Tihar Central Jail here to ensure a free and fair trial.
 
A bench of Justice Dipak Misra and Justice Amitava Roy said that it's order be communicated to the Bihar Home Secretary forthwith.
 
The court also said that no special privileges be extended to Shahabuddin in the course of his shifting.
 
The judgement pronounced by Justice Misra on a plea filed by Asha Ranjan, wife of slain journalist Rajdeo Ranjan. 
 
The apex court asked the Patna High Court to decide in four months some of the matters relating to the cases against Shahabuddin pending before it. 
 
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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Indian PSLV rocket lifts off with 104 satellites
Indian rocket Polar Satellite Launch Vehicle (PSLV) on Wednesday morning lifted off successfully with a record 104 satellites, including the country's earth observation satellite Cartosat-2 series.
 
The PSLV-XL variant rocket standing 44.4 metre tall and weighing 320 ton tore into the morning skies at 9.28 a.m. with a deep throated growl breaking free of the earth's gravitational pull.
 
The earth observation satellite Cartosat-2 series weighs 714 kg.
 
The co-passenger satellites comprise 101 nano satellites, one each from Israel, Kazakhstan, The Netherlands, Switzerland, the UAE and 96 from the US, as well as two nano satellites from India.
 
The total weight of all the satellites carried on-board is about 1,378 kg.
 
By the 28th minute of the rocket's mission all the 104 satellites would be put into orbit.
 
The PSLV rocket is a four stage/engine rocket powered by solid and liquid fuel alternatively.
 
"The Cartosat satellite is the fourth one in the Cartosat-2 series of earth observation satellites. Already three are in the orbit and two more will be launched. Once all the six Cartosat-2 series satellites are launched the Cartosat-3 series would begin," an ISRO official told IANS preferring anonymity.
 
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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COMMENTS

Hariram D. Purohit

1 month ago

Give me information about insurance sector.

Decline in food inflation is positive in the Indian economy
Headline CPI (consumer price index) inflation dipped to 3.2% in January led by large dip in food inflation caused again by drops in prices of vegetables and pulses. On the other hand, core inflation increased on the back of higher fuel prices. It is believed that headline retail inflation could move up over the next few months, probably clawing back to the 5% zone by the end of FY18, according to a research note from IDFC Bank. The current prognosis of Headline WPI (wholesale price index) inflation therefore, is unlikely to provide further scope for the RBI (Reserve Bank of India) to turn dovish.
 
The decline in food inflation was led by lower prices of certain food items such as vegetables and pulses. While vegetable prices declined by 4.7% month-on-month compared with 11.7% mom decline in December, pulses prices dropped by 5.5% mom compared with a decline of 1.7% in December. On a year-on-year basis, vegetable prices declined 15.6%, compared with a 14.6% decline in December. While a part of the drop is attributable to seasonal factors, demonetisation possibly had also played a part with lower currency availability leading to lower off-take from the farm gate.  The only category within food which is seeing some upward pressure is sugar. 
 
Core inflation at 5.1% was higher than the December print of 4.9%.  Thus, the RBI was probably justified in highlighting that the sticky core could be a principal worry in the medium term.  As expected, the increase in core was led by transport & communication index which showed an uptick on the back of increase in retail price of petrol and diesel. With oil prices sustaining at current levels, some pass-through of higher fuel prices will be visible in the economy, pointed out the research note.
 
From an inflation targeting mandate, the RBI is intended on moving inflation to a durable level of 4%, concludes the research note.

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