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A.S.Durga Prasad elected new ICAI pr ...
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India: National
-Three prisoners reported killed in Bikaner jail firing

Bikaner (Rajasthan), July 24 (ANI): Three prisoners were reported killed in firing inside Central Jail in Bikaner, Rajasthan.

Police officials rushed to the spot.

Further details are awaited. (ANI)

-A.S.Durga Prasad elected new ICAI president

New Delhi, July 24 (ANI): Dr. A.S.Durga Prasad has been elected as the new President of the Institute of Cost Accountants of India (ICAI) for the year 2014-15 in a council meeting held at Institute's headquarters in Kolkata.

CMA P.V. Bhattad has been elected as the Vice-President of the Institute for the year.

CMA Dr. A.S. Durga Prasad is an accomplished executive with over 37 years' experience in financial and cost management in variety of industries. His experience includes

-Sushma Swaraj, John Kerry to preside over 5th India-US Strategic Dialogue

New Delhi, July 24 (ANI): External Affairs Minister Smt. Sushma Swaraj will host U.S. Secretary of State John Kerry in New Delhi from July 30 to August 1, 2014.

Swaraj and Secretary Kerry will co-chair the fifth India-US Strategic Dialogue on July 31, an MEA release said.

This will be Secretary Kerry's first visit to India since the inception of the new Government and his first meeting with EAM since the two leaders assumed office.

During this visit, Secretary Kerry is

South Asia
-Hasina returns to Dhaka after three-day visit to UK

Dhaka, July 24 (ANI): Bangladesh Prime Minister Sheikh Hasina has returned to Dhaka after her three-day visit to London to attend the first ever Girl Summit 2014.

During her stay in the British capital, she also held meetings and talks with her British counterpart David Cameron and other UK leaders.

Hasina and Cameron both agreed to work jointly and continuously for ensuring social and economic development, and promotion of bilateral ties, reports the Daily Star.

At the Girl

-3000 passengers left stranded at Dhaka airport by Biman Bangladesh staff protest

Dhaka, July 23 (ANI): A seven-hour-long strike by staffers of Bangladesh national carrier Biman Bangladesh left around 3,000 passengers stuck at the Hazrat Shahjalal International Airport on Wednesday morning.

The Daily Star reported that flight schedules of many airlines went into disarray, and added that no flights had taken off in the last 14 hours.

It said that the Biman Bangladesh Airlines staffers had laid siege to their head office Balaka Bhaban in the capital for three hours

-Explosion in Old Dhaka injures three children

Dhaka, July 23 (ANI): A crude bomb explosion in Old Dhaka's Lalbagh-Namapura area injured three children on Wednesday morning.

The children have been identified as four -year-old Rifat, eight-year-old Saida and ten-year-old Sultana.

They have been admitted to the Dhaka Medical College and Hospital (DMCH) for treatment, reported the Daily Star.

The three kids reportedly noticed a paper bag in the Namapara area around 8.30 a.m., and as they tried to open the bag, it exploded

India: Politics
-Alliance with NCP not falling apart: Congress

New Delhi, July 22 (ANI): Congress leader Manish Tewari said Tuesday that his party's alliance with the Nationalist Congress Party was not falling apart and stressed that a tussle about the number of seats to be contested happens during every election.

Tewari told ANI, Congress and NCP have had a coalition government in Maharashtra since 1999-2014. Ever since then, any election we have fought has always seen a bit od tussle. But it doesn't mean that the coalition is falling apart.

Congress

Business
-Facebook reveals Q2 earnings, high revenue from mobile-ad

Washington, July 24 (ANI): Facebook has announced its second quarter's earnings, and shows a considerable rise in advertising revenue on mobile.

Facebook has become more of a mobile company now. It makes 62 percent of its advertising revenue on mobile, a dramatic change for a company that had no mobile ads as recently as two years ago, The Verge reported.

Of the 1.32 billion people who use Facebook each month, 399 million, roughly a third, only log in with their phones.

It's

-Cabinet approves 49 percent FDI in insurance sector

New Delhi, July 24 (ANI): The Union Cabinet on Thursday gave its approval to the proposal of raising the foreign direct investment (FDI) cap in the insurance sector to 49 percent from the existing 26 percent.

Finance Minister Arun Jaitley, while presenting his maiden budget in Parliament, had proposed raising the FDI cap in insurance sector from 26 percent to 49 percent.

However, the management control of insurance companies will be with the Indian companies only.

The move

-Maximise use of non-intrusive method of investigation: FM tells tax officials

New Delhi, July 24 (ANI): Finance Minister Arun Jaitley has exhorted income tax officers to maximize the use of innovative and non-intrusive methods of investigation.

He impressed upon the need for skill development and up-gradation to keep pace with newer and innovative methodologies adopted to evade taxes.

Jaitley further emphasized that the department should equip itself with state of the art technological skills, including, in the area of analysis of digital evidence.

Jaitley

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