The Cabinet is expected to revise the salaries of 4.7 million Central government employees and the pensions of another 5.2 million retired employees. A big hike in salaries and pension for over a crore government employees was cleared by the cabinet on Wednesday. Salaries and allowances will rise by at least 23.5 per cent, which had been recommended by the 7th Pay Commission. The hike - the lowest in the last 70 years - is expected to cost the taxpayer an additional Rs. 1 lakh crore annually, or nearly 0.7 per cent of GDP. Rising income may enable people to spend more on home, auto, FMCG and other day-to-day products which will directly enhance the growth for these sectors. Chandan Taparia, analyst, Anand Rathi Financial Services, said, “Markets requires liquidity whether through monetary policy, fiscal policy or rise in spending power of common man or end user of the country. I believe auto, FMCG and NBFC sectors will benefit from the rise in income. Stocks such as TVS Motors, Ashok Leyland, Dabur, DHFL, LIC Housing Finance and SKS Microfinance will benefit from the 7th Pay Commission.” Ambareesh Baliga, independent market analyst sees FMCG, white goods, 2-wheelers and entry level passenger vehicles to get benefit with the implementation of the 7th Pay Commission. “ITC, Whirlpool and Hero MotoCorp will benefit from the Cabinet decision.” He added. Nikhil Kamath, co-founder and director, Zerodha said, “The implementation of the 7th pay commission will both help and deter economic growth simultaneously. While more money in the hands of pensioners and central govt employees is bound to boost consumption, inflation could rise as a aftermath of this liquidity. The most obvious sectors which could see growth from these amendments will be the FMCG, auto and real estate sectors, stocks like ITC have been rallying in response to this policy change. Some of the stocks that could benefit from the 7th pay commission are Maruti Suzuki, ITC, HUL, DLF and Unitech.“ By Premji
Adviser to Pakistan Prime Minister Nawaz Sharif on Foreign Affairs Sartaj Aziz asserted that normal relations on New Delhi's terms are not acceptable to Islamabad. "Their narrative has remained unchanged. They (India) do not want to give us credit [for our actions against terrorism] and keep an excuse for not starting dialogue," the Dawn quoted him, as saying at a foreign policy briefing session held for journalists yesterday. "If no major improvement takes place, we should manage the situation and our minimum objective should be to prevent tensions from growing," he said. "Prospects of the [Afghan] peace process are not good. It would all now depend on the ground situation in Afghanistan," Aziz is not hopeful about the progress in the Afghan reconciliation process. Senior journalist Zahid Hussein said that Pakistan is lagging behind economically and has become isolated, which is why there is a need for re-examining the country’s foreign policy. Special Adviser to the Prime Minister on Foreign Affairs Tariq Fatemi disagreed with Mr Hussein’s observation and said the current foreign policy is relevant to the needs at the time. Mr Hussein said Pakistan has to change its course and gave the examples of India and China, stating that the two countries have progressed and that they have focused on their economies. “The current government has made policies for economic development, but they are yet to be implemented because Pakistan’s foreign policy is driven by national security. The China Pakistan Economic Corridor could be a game changer,” he said. By Premji
A group of celebrities from the LGBTIQ community have approached the Supreme Court to quash the colonial-era section 377 of the IPC, which criminalises homosexuality. The petition was filed by journalist Sunil Mehra, Bharatanatyam exponent Navtej Singh Johar, chef Ritu Dalmia, hotelier Aman Nath and businesswoman executive Ayesha Kapur. The 716-page petition has been filed by several lawyers, including Arundhati Katju, Himanshu Suman, Menaka Guruswamy and Saurabh Kripal. "Sexuality lies at the core of a human being's persona. Sexual expression, in whatever form, between consenting adults in the privacy of a home ought to receive the protection of Fundamental Rights. Section 377 of the Indian Penal Code infringes the Petitioners' right to sexuality and also has a cascading effect of barring the Petitioners from accessing the unenumerated rights which this Hon'ble Court has held flow from Article 21 of the Constitution of India," argues the petition. Shasi Tharoor the MP from Kerala said that section 377 is an embarrassment. "I had introduced the bill as a member of the parliament, to defend the constitutional freedoms. The petitioners, in this case, are directly affected by the colonial legislation," he said. "Internationally, the law is a disgrace, and we must alter it or read it down to safeguard the basic human rights of the LGBTIQ community." Filmmaker Onir, said that the December 2013 SC decision was a huge blow. "The notion of democracy was shaken that day when the SC went back on the Delhi HC decision. It was disempowering, and disheartening; there's not other viewpoint in this issue -- section 377 must go," he said. By Premji
John Abraham impressed the audience with his stunning screen presence and he has been quite careful while signing movies. He recently turned producer and made successful movies like Vicky Donor and Madras Café. The actor has been busy with the shoot of Force 2 currently and the latest news we hear is that John Abraham signed a biopic. John decided to portray the life of legendary boxer Hawa Singh and he will produce the movie along with playing the lead role. The movie will showcase several achievements of the boxer right from the age of 19 to winning 11 consecutive at Western Command Boxing Championship. Hawa Singh passed away in 2000 and Sam Fernandez who owns the rights of the biopic will produce the movie along with John Abraham Entertainments. The biopic will be shot in varied locations like Delhi, Haryana and also his hometown Umarvas, Vaishnodevi, Thailand.
Salman Khan wrapped up the shoot of his upcoming movie titled Sultan which has been directed by Abbas Ali Zaffar. The actor has been busy promoting the movie extensively which brought him into troubles. The actor compared himself to a raped victim explaining about the efforts he has put for Sultan. This created huge buzz all over and the actor has been widely criticized for his comments. A Haryana based rape victim slapped the actor with a legal notice and she sought Rs 10 crores as a damage along with an apology. The victim has been gang-raped by 10 men in Haryana and she sent a legal notice to Salman Khan to his Galaxy Apartments address through her counsel. This created a huge sensation all over and the rape victim revealed that Salman tried to joke about the rape victims. On the other hand Sultan is gearing up for a massive release on July 6th all over during Eid.
Bollywood’s top actors Salman Khan and Aamir Khan have been working on their respective films titled Sultan and Dangal. Both the movies are said to be based on the sport of wrestling and Salman’s Sultan wrapped up shoot and is gearing up for release. The rift started when rumours floated that Aamir has been shocked after watching Sultan’s trailer as the film had lot of similarities to that of Dangal. There were talks that Aamir is in plans to re-shoot some of the episodes for Dangal. However Salman Khan wanted to clear off the air and he revealed many interesting things. He said “There’s nothing similar between Sultan and Dangal. I have listened to the script of Dangal and I am proud about the film. It has an outstanding script and will sure impress the audience. Sultan and Dangal are based on wrestling but they have nothing more in common”. Aamir Khan’s Dangal will hit the screens in December during Christmas.
The 17th International Indian Film Academy Awards (IIFA 2016) took place in Madrid and the event happened to be a star studded ceremony. Top celebrities like Salman Khan, Shah Rukh Khan, Deepika Padukone, Priyanka Chopra, Shahid Kapoor, Ranveer Singh and others. The below is the complete list of winners of the event: Best Film: Bajrangi Bhaijaan Best Director: Sanjay Leela Bhansali (Bajirao Mastani) Best Actor (Male): Ranveer Singh (Bajirao Mastani) Best Actor (Female): Deepika Padukone (Piku) Best Actor in Supporting Role (Male): Anil Kapoor (Dil Dhadakne Do) Best Actor in Supporting Role (Female): Priyanka Chopra (Bajirao Mastani) Best Actor in Negative Role: Darshan Kumar (NH10) Best Performance in Comic Role: Deepak Dobriyal (Tanu Weds Manu Returns) Best Debut Actor (Male): Vicky Kaushal (Masaan) Best Debut Actor (Female): Bhumi Pednekar (Dum Laga Ke Haisha) Best Debut Couple: Sooraj Pancholi and Athiya Shetty (Hero) Best Story: Juhi Chaturvedi (Piku) Best Playback Singer (Female): Monali Thakur for Moh Moh Ke Dhaage (Dum Laga Ke Haisha) Best Playback Singer (Male): Papon for Moh Moh Ke Dhaage Best Lyrics: Varun Grover for Moh Moh Ke Dhaage Special Award: Woman of the Year- Priyanka Chopra Best Cinematography: Sudeep Chatterjee (Bajirao Mastani) Best Screenplay: Kabir Khan, Parveez Shaikh, V. Vijayendra Prasad (Bajrangi Bhaijaan) Best Dialogue: Juhi Chaturvedi (Piku) Best Editing: A Sreekar Prasad (Talvar) Best Production Design: Saloni Dhatrak, Sriram Iyengar, Sujeet Sawant (Bajirao Mastani) Best Choreography: Remo D'souza for Pinga (Bajirao Mastani) Best Action: Shyam Kaushal (Bajirao Mastani) Best Sound Design: Bishwadeep Chatterjee and Nihar Ranjal Samal (Bajirao Mastani) Best Song Engineer: Tanay Gajjar for Deewani Mastani (Bajirao Mastani) Best Sound Mixing: Ajay Kumar PB (Badlapur) Best Background Score: Sanchit Balhara (Bajirao Mastani) Best Special Effects: Prasad Sutara (Bajirao Mastani)
Ace Argentenian footballer Lionel Messi announced his retirement from international football following Argentina’s loss to Chile in Copa America final. Messi, a five times World Player of the Year, broke down after the loss. Soon after, Messi made the announcement that has shocked millions, leaving them heartbroken. "He's like a PlayStation," Arsene Wenger once said of Messi after the Barcelona superstar scored four goals against Arsenal in a 2010 Champions League tie. Football pundit Jonathan Liew, writing for the Telegraph, during a debate over the greatest of all time, said of Messi, "even at half-throttle, he was still the most amazing sight to watch. His legs move like pistons. His shoulders occasionally appear to be moving in different directions at once. He spots passes that don't exist until he's played them. There may have been better players in the past, although personally, I doubt it, but none who has been quite as exhilaratingly pleasurable to watch." The 29-year-old Messi said, "I tried my hardest. It's been four finals, and I was not able to win. I tried everything possible. It hurts me more than anyone, but it is evident that this is not for me. I want more than anyone to win a title with the national team, but unfortunately, it did not happen." By Premji
Scores of Telangana judges, took to city streets protesting the allotment of Andhra-origin judges to Telangana courts, with a staggering 120 of them even submitting their resignations. They marched from Gun Park to Raj Bhavan and submitted a representation to governor ESL Narasimhan. "We held a silent protest rally," a judge said. "Our decision to protest was sudden and hence everybody could not be informed, otherwise all Telangana judges would have joined us," he said. "We cannot work under 'Andhra judicial rulers' and hence we have decided to quit en masse," protesting judges said. "We have lost all faith in the current high court administration, the state and the Centre, as none of them responded to our grievances. HC authorities in fact sympathised with our grievance, but did nothing," the judges said in their representation. The representation further stated, "They (HC administration) are now threatening agitating advocates and even the government orally." They made a separate representation to the president of Telangana judges' association, K Ravinder Reddy, urging him to forward their resignations to the governor, if the issue was not resolved within a week. By Premji
Love birds Ranveer Singh and Deepika Padukone have been making enough noise all over the Bollywood. They have been racing with back to back hits and are quite busy with their professional commitments. Along with these, they have been spending quality time apart from their busy schedules. Deepika recently wrapped up the shoot of her first Hollywood film titled XXX: The Return of the Xander and is back to Mumbai. After almost six months, she has been listening to scripts of Bollywood movies. The latest news is that Deepika has been impressed with a romantic drama and gave her nod on spot. Ranveer Singh who is shooting for his next movie Befikre in Paris in the direction of Aditya Chopra gave his nod for the movie even without listening to the script. The details about the director and the makers are currently kept under wraps. Things will be finalized once Ranveer returns back to India.