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Daily News & Analysis
 •  How Kohli made a slight change in technique to bury the English ghost and become the best player in world

Indian captain Virat Kohli feels that chinks in his technique apart from utter desperation to succeed in England led to a disastrous tour of 2014 post which, he not only worked on his mindset but also on his batting.

In a chat with former England captain Nasser Hussain on bcci.tv, Kohli decoded his technique that led to his downfall during 2014 England series where he failed to get 50 plus score in five Tests and then smashed four hundreds in four Tests Down Under a few months later.

"I had put too much pressure on myself before going to England (2014) that I needed to score here. I don't know why sub-continent players are given different benchmarks that we have to perform in certain countries and if you don't do that, you are not considered a good player.

"I think it was more about me being desperate to do well in England and then when you don't do well at start, you start going down mentally," Kohli was honest about what went wrong during that series.

World's premier batsman then elaborated as to what went wrong. "Technique is important but even people with not that strong technique have been able to score well there because of a good mindset. The problem with me was that I was expecting inswingers too much and opened up my hip a lot more than I should have done. I was constantly looking for the inswinger and was in no position to counter the outswing."

The skipper then decoded his earlier stance. "I used to stand at two leg (middle stump) and my stance was pretty closed and then I figured out that after initial movement my toe wasn't going towards point rather it was towards cover point, so anyway my hip was opening up initially.

"So to get the feel of the ball, I had to open up my hip as I was too side on. Anyway, I had too much of a bottom hand grip and I didn't have too much room for my shoulder, to adjust to the line of the ball, so it was getting too late when it swung in front of my eyes," Virat explained as to why he was getting dismissed outside the off-stump during that series.

He then spoke about the changes that he made in his drills. "Changes I made was that I did some drills, making sure someone is recording me from the side. Everytime, I played the ball, I wanted to make sure that my toe is pointing in point direction rather than cover, that's how I kept my hip nice and side-on and gave myself room. I widened my stance as well so that I have good balance when I wanted to go forward," he said.

Kohli then spoke about how things changed in Australia. "Short ball was not an issue for me. That really helped me in widening my stance and that forward press (front foot stride) that is important at the international level. So in Australia, I wasn't worried about pace and bounce as I knew that I could handle it. But I stood a foot outside the crease to counter those deliveries on the corridor (of the off-stump) and standing on the fourth stump. So they had to really bowl far from me and unless my bodyweight is far behind, they can't hit my pads."

Although it looks natural now but Kohli said that it wasn't easy at the beginning. "This change has become easy now but it was not so at the beginning. I was batting three hours a day. I had cramps in my forearms by the end of the week. I did that for about 10 days.

You know in golf they say you have to hit a shot 400-500 times before you can perfect that shot. So it was more about precise practice as I wanted to tune my head to play that way. I wasn't used to forward pressing as I was waiting for the ball to clip it off my leg or waiting for short ball."

Kohli also said that the forward movement was something that the legendary Sachin Tendulkar also advocated. "There Sachin helped as he told me that I have to approach a fast bowler (forward press) just like you approach a spinner. One has to get on top of the ball not worry about pace or swing, you got to get towards the ball and give the ball lesser chance to move around and trouble you. Those advises helped me and became my second nature."

At the beginning of his career, he was primarily an on-side player with only cover drive as his pet scoring shot. But then he made slight adjustment to his grip and things changed. "Bat speed has been natural to me more towards on-side as I have been a bottom hand player. I worked on my off-side play a lot more. I used to hit past covers a lot and straight but the shot I hit past point is helping me a lot now. It's a very minor adjustment to my grip.

"I know bowlers are hesitant to bowl on my pads as I can whip them so I know they would bowl a bit wide and I get deep into my crease, open the bat face and hit the bowler past point. Once you do that, he can either move fielder towards right or left, but they won't understand its a minor adjustment."

His mere presence is intimidating for the bowlers but Kohli says that watching a bowler's body language he understands the areas he can perhaps bowl. "I don't nominate too many areas. It's like point, covers, straight and mid-wicket to cow corner. I know if the ball is in these areas my body instinctively follows," he said. 

ReportSportPTINew Delhi
Mon, 16 Jan 2017-06:34pm
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Virat Kohli during the first ODI against England in Pune on Monday
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 •  Blast From The Past: Nostalgic Salman remembers 2 decades of 'Karan Arjun' with Shah Rukh and Hrithik

Salman Khan, who starred in the 1995 hit film Karan Arjun, recently took to social media to recall the old days in a vintage picture taken on the set with co-star Shah Rukh Khan and Hrithik Roshan. In the caption, the 51-year-old star initially thanks director Rakesh Roshan upon the film's completion of more than two decades since its release.

"Thanx rakeshji 4 giving @iamsrk n me #21yearsofKaranArjun," Salman tweeted.

The Bodyguard actor goes on to congratulate duggu (Hrithik) on "17YearsOfKNPH" and wished "Best of luck Raees & Kaabil 25Jan."

Rakesh launched his son with Kaho Naa Pyaar Hai after five years of Karan Arjun, where young Roshan worked as his assistant. SRK and Hrithik are gearing up for the release of their respective films Raees and Kaabil, both of which are slated to hit theatres on January 25, 2017. 

 

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Mon, 16 Jan 2017-06:02pm
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 •  Stunning new view of Jupiter shows iconic Great Red Spot

NASA has released a stunning new view of a crescent Jupiter which shows the iconic Great Red Spot, along with a series of storms shaped like white ovals known as the 'string of pearls'. The image was created by a citizen scientist Roman Tkachenko using data from JunoCam instrument aboard the NASA's solar-powered Juno spacecraft. 

Below the Great Red Spot, a reddish long-lived storm known as Oval BA is visible in the image. The image was taken on December 11 last year as Juno performed its third close flyby of Jupiter. At the time the image was taken, the spacecraft was about 458,800 kilometres from the planet. 

The Great Red Spot is a giant, spinning storm in Jupiter's atmosphere. It is like a hurricane on Earth, and is more than twice the size of our planet. It has been seen on Jupiter ever since people started looking through telescopes about 400 years ago. 

ReportSci/TechPTIWashington
Mon, 16 Jan 2017-05:28pm
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 •  SC gives two weeks notice to WhatsApp, Facebook over privacy concerns

The Supreme Court sought responses of the government and Telecom Regulatory Authority of India (TRAI) on a plea seeking framing of privacy policy to regulate commercial exploitaion of private communication through social networking sites like WhatsApp and Facebook. 

A Bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud also issued notice to WhatsApp and Facebook and sought their responses within two weeks. The bench sought the assistance of Attorney General Mukul Rohatgi in hearing the plea, which alleged that the social networking sites compromise the privacy of interpersonal communication of over 150 million people in the country. 

Senior advocate Harish Salve alleged that privacy of citizens has been infringed by the social networking sites, which amounted to infringment of Articles 19 (Freedom of Speech and Expression) and 21 (Right to Life) of the Constitution. Right to Life includes the Right to Privacy, Salve said.

ReportSci/TechPTINew Delhi
Mon, 16 Jan 2017-05:14pm
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 •  Ambedkar 'bigger leader' than Mahatma Gandhi, claims Asaduddin Owaisi

Terming BR Ambedkar a "bigger leader" than Mahatma Gandhi, AIMIM chief Asaduddin Owaisi has said it was because of the secular and class-free Constitution given by the Dalit icon which has ensured justice in society.

Owaisi's remark came during an All-India Majlis-e-Ittehad- ul Muslimeen (AIMIM) rally here yesterday as he continued his poll campaign in the politically crucial Uttar Pradesh. "Ambedkar is a bigger leader than Mahatma Gandhi ... had Ambedkar not given a secular and class-free Constitution, the level of injustice in the country would have been much more and RSS people would not have left any opportunity to spoil the situation," Owaisi said.

On the Khadi calendars and diaries row, Owaisi said though Prime Minister Narendra Modi claims to be a follower of Mahatma Gandhi but when he got a chance he 'replaced' the Father of the Nation on the symbols as he deemed it to be a fit time to hold the 'charkha' The Hyderabad MP also hit out at the PM over the foreign policy, saying before getting elected to the post Modi had said he would give a "befitting" reply to Pakistan but such a response was still to come even after the martyrdom of 28 jawans following the surgical strike.

The AIMIM national president was also critical of the demonetization move taken by the Centre on November 8 last year, which he said has "only troubled the poor". On internal fight in Samajwadi Party, the ruling party in UP, Owaisi said politics in the state has gone "wayward" with the son (chief minister Akhilesh Yadav) having no faith in the father (Mulayam Singh Yadav).
UP, which has 403 assembly constituencies (ACs), will go to polls in seven phases between February 11 and March 8.

Sambhal district which has four ACs -- Sambhal, Asmoli, Chandausi, Gunnaur -- will go to polls on February 15 during the second phase. Results of the election will be out on March 11. 

ReportIndiaPTISambhal (UP)
Mon, 16 Jan 2017-06:15pm
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Asaduddin Owaisi
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 •  No returning to subsidies on petrol, diesel: Oil Minister

The government on Monday ruled out reverting to the system of subsidising auto fuel but said it may resort to cut in excise duties if rate hike "pinches hard" even as there has been Rs 5.21 per litre hike in petrol price and Rs 4.45 in diesel rates since December.

"There will be no subsidy regime in petrol and diesel," Oil Minister Dharmendra Pradhan said. "Petrol price was deregulated in June 2010 and diesel in October 2014 and the same will continue." The surge in international oil prices has led to petrol prices being hiked for the fourth time since December and thrice in case of diesel. Petrol price was hiked by 42 paisa and diesel by Rs 1.03 a litre (excluding local levies), effective last midnight. Petrol in Delhi now costs Rs 71.14 a litre as against Rs 65.93 in end November. Similarly, diesel rates have gone up from Rs 54.57 a litre to Rs 59.02.
"There will be no going back to subsidisation. Subsidies are anti-poor. Subsidy should be given only to needy persons and not to people who can afford," he said, indicating that auto fuels are being mostly consumed by people who can afford them.

Asked if the government will look at cutting excise duty, he said no developed country had passed on the entire slump in global oil prices that began in second half of 2014 to take crude to more than a decade low, to consumers. Even oil producing nations like Saudi Arabia and UAE used it as an opportunity to cut subsidies, he said, adding that India raised excise duty to take away part of the gain arising from slump in global oil prices then. "We passed on 50 per cent of the benefit of oil prices slump to consumers and the rest 50 per cent we recouped by way of raising excise duty. This additional revenue was used to fund infrastructure and social projects," he said.

When oil prices slumped in the second half of 2014 and early 2015, the government hiked excise duty on petrol and diesel nine times to mop up additional revenues that helped it meet its revenue and fiscal deficit targets. In all, it raised excise duty on petrol by Rs 11.77 a litre and that on diesel by Rs 13.47. But global oil prices have been moving up since oil cartel OPEC last month agreed to cut output for the first time in eight years.

India, which depends on imports to  meet 80 per cent of its oil needs, will have to spend Rs 9,126 crore (US$ 1.36 billion) more every year for one dollar per barrel increase in crude oil. Besides, the rising crude oil trajectory impacts inflation and growth. India spent US$ 63.96 billion on crude oil import in 2015-16, about half of US$ 112.7 billion outgo in the previous fiscal and US$ 143 billion in 2013-14. For the current fiscal, the import bill has been pegged at US$ 66 billion at an average import price of US$ 48 per barrel.

International oil prices currently are trading above US$ 52 per barrel. Every rupee per litre increase in petrol price leads to 0.02 per cent rise in WPI inflation and 0.07 per cent for the same amount of increase in diesel rates.

ReportMoneyPTINew Delhi
Mon, 16 Jan 2017-05:55pm
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 •  Koffee With Karan: All you need to know about Kareena-Sonam episode

From gossip to witty remarks, Kareena Kapoor Khan and Sonam Kapoor went all out and spoke their minds in the latest episode of Koffee With Karan fifth season. Usually, host Karan Johar begins every episode with some flattery of the actors, but this time it was unusual as started with a warning that both his guests were nothing but gossip makers.

The episode aired on January 14 and it was hilarious to see the Ae Dil Hai Mushkil director accusing Kareena of being a pregnant stalker since she is always in the know of things. The 44-year-old director also went on to call her a Jagga Jasoos.

He talked about how Kareena ridicules his fashion sense by sending him his airport looks with a question mark. Goes without saying, there are many others who come under the fire for their fashion blunders by the actress.

The combination of two made this episode very entertaining by giving fresh chunk of gossip to chew on. The Ki and Ka star lauded Priyanka Chopra and said, "I feel what Priyanka has done, I don't think everyone has the courage and passion. I do not have. For Deepika, I have no idea, but I am sure she will do well. Priyanka does make India proud. She conducts herself really well in interviews."

Meanwhile, Sonam was asked about her rumoured relationship with a certain businessman to which she replied, "I am always dating a businessman from London. For me personal life is sacred and I don't like to talk about it."

Bebo spoke about her relationship with Saif, saying, "There is no one like him. The mental and physically sexy is not possible. The combination is very rare now. He is last of such generation."

As the "jury" for the rapid-fire, the season's brand ambassador, Arjun Kapoor picked Kareena as the winner of the round. Kareena took home the Koffee hamper for the third time in a row.

Incidentally, it was also third time in a row when Sonam lost the hamper. The next episode of Koffee With Karan will see Quantico star Priyanka Chopra. 

 

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Mon, 16 Jan 2017-05:10pm
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 •  This company wants to mine the Moon for 'precious resources'

Moon Express, a California-based company had aspirations to extract the moon's natural resources someday. Well, it has now raised enough money to find its mission to 'space rock'!

Based in Silicon Valley, the company has secured $20 million (close to INR 136 crore) in a recent round of funding and has raised over $45 million ( INR 306 crore approximately) in total, till now. This investment ensures that the company can attempt to launch a small robotic lander to the moon by the end of this year. 

The company is now competing for Google's Lunar Xprize, which promises $30 million ( INR 204 crore approximately) to whichever company can "land a privately funded rover on the moon." The winner must travel 500 metres on the Moon's surface and should also be capable of transmitting high-definition images back to Earth. Aeronautics startup Rocket Lab is in charge of designing and deploying the company's MX-1E lander, and plans to launch it from New Zealand.

"We now have all the resources in place to shoot for the moon," company Co-Founder and CEO Bob Richards said. "Our goal is to expand earth's social and economic sphere to the moon, our largely unexplored eighth continent, and enable a new era of low cost lunar exploration and development for students, scientists, space agencies, and commercial interests."

At the moment, the governments of Russia, the US, and China have dominated probe trips to Earth's natural satellite. Moon Express is slated to become the first firm to break this monopoly. The company has also secured clearance from the US government for a moon mission, in August last year. Additionally, President Barack Obama had also signed the SPACE Act which allowed private companies to mine resources from space.

The end goal? — To bring back "precious resources, metals, and moon rocks." The company also has ambitions of establishing low-cost lunar travel to enable science missions and potential leisure trips. But mainly, it aims to mine the moon for resources – water that can be recycled for rocket fuel.

ReportSci/TechDNA Web TeamDNA webdeskMumbai
Mon, 16 Jan 2017-04:42pm
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 •  Virat Kohli says his success mantra has a lot to do with his personal life

India captain Virat Kohli says one of the secrets of his stupendous success is "not having too many close people" in his life which adds hindrances such as "distractions" and "time management" on the path of glory.

"Luckily, I don't have too many people in my life that I am close to. I think that helps. If you have too many people and too many friends you speak to, you get distracted and your time management becomes impossible," Kohli told former England captain Nasser Hussain in an interview for the bcci.tv.

One of world's premier batsmen, Kohli feels that one should not limit his ambition.

"I think, somewhere as sportsmen, we somehow already limit ourselves to what we do without even knowing how much we can do. That's something I never put a limit on. I always love to explore my maximum ability as far as my intensity in the field is concerned. And even with managing time, the day I get burnt out is the day, I start cutting down on things. I never put any limitations on what I want to do in life.

"You just got to create a good balance and move forward. It's been fine till now. I am able to maintain a balance as of now I can say."

Comparisons with Sachin Tendulkar crop up every now and then but Kohli made it clear that it will be very difficult to achieve the heady numbers of the 'Little Master'. "I might not play that long (24 years). 200 Tests, 100 international centuries. Those are incredible numbers and will be impossible to achieve. But yes, I want to make a difference and always believe that I must leave the game on a better note," said Kohli. 

ReportSportPTINew Delhi
Mon, 16 Jan 2017-04:28pm
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Virat Kohli
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 •  Did you know how dad Mahesh Bhatt reacted when Alia Bhatt won the Filmfare Award?

Alia Bhatt came alone to receive the Filmfare Award for the best actress but her family was all excited back home as her proud daddy Mahesh Bhatt did cartwheels the entire night. 

Soon after Alia won the best actress for her terrific performance in Udta Punjab, her father Mahesh Bhatt, who was not present at the award ceremony, was so happy that he posted on WhatsApp family group that "he was excitedly doing cartwheels all night", reports Mumbai Mirror.

To express this proud moment, he posted a picture of his baby girl next with her trophy and captioned it, "Once you become fearless, life becomes limitless."

Stating that her father doesn't attend all award functions, the 23-year-old said, "Even though he was not there in person, he was there in spirit. He had asked my manager, Grishma, to put her cellphone on speaker if I won and texted me later, saying he loved my speech. When I wondered how he had heard it, I learnt this. Dad later posted on our WhatsApp family group that he was excitedly doing cartwheels all night," she gushed. 

Mahesh Bhatt even posted an adorable picture of Alia, sleeping with her trophy in the morning.

Check it out here:

 

 

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Mon, 16 Jan 2017-04:20pm
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 •  Watch: Sunny Leone NAILS Shah Rukh Khan's 'Raees' dialogue in her Dubsmash video

Sunny Leone has won hearts yet again with her dance number Laila Main Laila in Shah Rukh Khan's upcoming flick Raees. As the days of the release of Raees inch closer, the excitement among fans is increasing every moment. 

The Raees trailer has given us a sneak peek into the dhamakedaar dialogues that the movie has, one of them being, "Ammi Jaan kehti thi, Koi dhandha chota nahi hota, aur dhande se bada koi dharam nahi hota." Recently, Sunny took to her Instagram account to post a Dubsmash video of her, in which she is seen recreating this dialogue, which has already become a rage.

Check out the video right here:

 

#raees "Koi dhandha chota nahi hota, aur dhande se bada koi dharam nahi hota"

A video posted by Sunny Leone (@sunnyleone) on

On a related note, Shah Rukh will be seen reuniting with Salman Khan on the semi finale Weekend Ka Vaar episode of Bigg Boss 10, and buzz is that Sunny Leone will join the two Khans on stage.

 

ReportEntertainmentDNA Web TeamDNA webdesk
Mon, 16 Jan 2017-04:10pm
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 •  Australian Open: Murray, Nishikori toil hard to enter round 2

World number one Andy Murray produced a rich vein of form as he kicked off his Australian Open campaign with a straight-sets victory over Ukrainian opponent Illya Marchenko in Melbourne on Monday. The 29-year-old progressed to second round after registering a solid 7-5, 7-6(5), 6-2 win over Marchenko in a thrilling clash that lasted two hours and 47 minutes. 

Marchenko was relentless for the first two sets, continuing to frustrate the top seed, breaking his serve three times in eight to begin. However, Murray found a way out of the second set by pressing home the advantage to finish it off in a relative stroll.

Murray, who is aiming for his first Australian Open title after finishing runner-up here five times (2010, 2011, 2013, 2015, 2016), will now meet qualifier Andrey Rublev of Russia to book his place in the third round.

Meanwhile, fifth-seed Kei Nishikori of Japan also made a winning start to the first major of the season after battling past Russia's Andrey Kuznetsov 5-7, 6-1, 6-4, 6-7 (6-8), 6-2 in the opening round of the men's singles event.

ReportSportANIMelbourne
Mon, 16 Jan 2017-04:08pm
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Kei Nishikori and Andy Murray after winning their respective matches on Monday
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 •  RBI may hike weekly cash withdrawal limit to Rs 40,000 this week

The Reserve Bank of India (RBI) may hike the weekly cash withdrawal limit to Rs 35,000 - Rs 40,000, Zee Business said quoting sources. 

Currently the weekly cash withdrawal limit is at Rs 24,000. While the daily withdrawal limit from ATMs was previously raised from Rs 2,500 to Rs 4,000, the weekly limit was left unchanged.

Sources said that the RBI may issue a notification this week because of the increased availability of new notes with the central bank. They said the government was also in the favour of increasing the withdrawal limit. 

A limit on cash withdrawals from the bank and ATMs was imposed after the government demonetized the use of Rs 500 and Rs 1,000 notes on November 8 which effectively removed 86% (in value terms) from the system creating a massive shortage. The withdrawal limits were imposed to ensure fair distribution of cash while accounts were recalibrated with new Rs 500 and Rs 2000 notes and smaller denomination notes. 

ReportMoneyDNA Web TeamDNA webdeskMumbai
Mon, 16 Jan 2017-03:39pm
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 •  Not Shelved: Sooraj Pancholi - Ajay Devgn's film will start this March!

Remo D'Souza got Sooraj Pancholi and Ajay Devgn on board for his next film right after Hero releases in 2015. But his immediate next venture A Flying Jatt tanked without a trace and there were strong speculations which claimed that the film with Ajay and Sooraj was shelved.

There were reports that alleged that financers backed out of the project after the dismal performance of the superhero flick starring Tiger Shroff. But now, he has finally confirmed that the film is indeed going on floors this year.

Talking to Bollywoodlife.com, he said, "I want to start the film now… if I don’t start in March then again it will get pushed to next year. After March I will not get into other project."

The dance and action flick needed Sooraj to train in certain forms of action. Both Ajay and Sooraj have undergone special training in Germany for the film. 

ReportEntertainmentDNA Web TeamDNA webdesk
Mon, 16 Jan 2017-03:37pm
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 •  Single till I'm married: Priyanka Chopra's BRILLIANT answers on love life and marriage plans!

Karan Johar seems very keen on knowing the relationship status of all stars invited on his chat show 'Koffee With Karan' and the ace director posed similar questions to Priyanka Chopra. When KJo asked the 'Quantico' star about her wedding plans on his show, she said, "When there is a ring on the finger, the world will know. I believe you are single until you are married."

PeeCee, who is known for her extremely busy schedule, will be the next guest to grace the couch of ace filmmaker's chat show. The 36-year-old, who made a solo entry in the show, when asked about the boys back home and abroad said, "The boys back here are cautious. Out there, it's more straight up. 'I am free tomorrow night, I am in New York, let's go for dinner.' Itni forward nahi hoon main."

The actress, who has been busy these days shooting for her ABC TV show Quantico of late, will very soon be promoting her Hollywood debut Baywatch. 

ReportEntertainmentANI
Mon, 16 Jan 2017-03:16pm
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 •  You can't interfere in the business: Adi Godrej tells government

Godrej Group Chairman Adi Godrej has said the government should not "interfere" in the real estate sector, often cited as one of the biggest black money generators, even as he termed demonetization a "positive step". He also pitched for improving the ease of doing business, state-funding of elections and early introduction of GST to curb corruption. "No. Nothing," he replied when asked if he thought that the government needs to do something as some argue that real estate and gold are among the biggest generators of unaccounted wealth.

"You can't interfere in the business," Godrej told PTI in an interview. "But in real estate, if permissions come quickly and they are not held up by government going into every little detail and High Court intervening saying this can't be done and that can't be done etc, etc... So, if ease of doing business is improved in real estate it will be very good", he said. "But we must remember that what we talk of black money in real estate is mainly in resale of real estate and most of the large developers clearly do not accept cash and may be some small developers do," said Godrej, whose group has interest in realty business through a subsidiary, Godrej Properties.

Terming demonetization a "positive step", he said the negatives from the move have been less than expected and positives would come in very fast. "And so generally I think the recovery in terms of demand from demonetization would take place fast, and the positives of demonetization...higher tax, less black money in the market, more banking finance availability and all that...lower inflation etc...will kick in very soon", he said. Speaking about the Godrej group, he said the recovery from "lower" sales have taken place quite well.

"In our FMCG business, we have ended the quarter (ending December 31, 2016) quite well, and we feel that now the recovery will be good". "Best way to tackle corruption is to improve the ease of doing business, less permissions from government so you don't have to go and knock on the government. So, that's a good way of cutting it (corruption) down", Godrej said. Secondly, he said, state funding of elections would be a good thing. "But I think the best thing for the country would be early introduction of GST because GST has lot of economic benefits, including improving the ease of doing business etc. If GST is brought in by April first or latest by July first, I think it will have tremendous beneficial effect", Godrej said.

The government would get "lot of revenues" from the demonetization move, Godrej said, adding that it would be a good opportunity to cut direct taxes in the coming budget so that "much more money will be declared by the people and also it will help the growth of the economy". "Main thing would be in ease of doing business. That means, less and less government permissions. You declare a policy and let people go ahead and do their business. If they break the policy, take action but don't go for case-by-case government permissions", he said. "Once GST comes, I think the Indian economy will do very well and growth will be very good," he added.

ReportMoneyPTIHyderabad
Mon, 16 Jan 2017-03:46pm
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 •  Start-ups may get additional tax benefits in upcoming budget, hints Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1. The ministry has already suggested the finance ministry to consider raising tax holiday for start-ups to 7 years from the current 3 years to encourage budding entrepreneurs. Sitharaman said tax and tax-related matters always come from start-ups as "it makes tangible difference to a start-up, and in that some work has happened, more to be happening. Let's see what this budget is going to offer".

She said that all the suggestions of the entrepreneurs have been compiled by the ministry and given to the finance ministry. Asked about raising the tax holiday for 7 years, she said, "That suggestion also we have given to the finance ministry. We have to wait." Tax related (benefits) will have to come only through the budget, she said, adding that suggestions with regard to exempting start-ups from MAT (minimum alternate tax) have also been forwarded. Further she said the government is committed to removing legislative hurdles, if any, being faced by them. The Centre is also involving local authorities, including states, to help the budding entrepreneurs in terms of local taxes among others.

The minister also asked DIPP secretary Ramesh Abhishek to organise a meeting with RBI, SIDBI, banks and VCs to deliberate on funding related issues. Sitharaman was speaking at the first anniversary of Start Up India in New Delhi. Speaking on the occasion, Abhishek said the start-ups need more support in terms of taxation and infrastructure. "We need to do more for them and we are working with the finance ministry (on tax related matters)," he said, adding that state governments too should extend full support to promote the units in the country. The DIPP secretary said that although several states are coming out with specific policies related with start-ups, more needs to be done by the states. "We are also involving corporates and banks to support start-ups... nothing is casting stone and we can rework at the definition of start-ups," Abhishek said.

The department, he said, is also working on extending easy funding to start-ups and providing a suitable environment. Further, Sitharaman asked the start-ups to work on areas like animal husbandry, veterinary science, waste management and aggregation of fuel. "These are the areas where we want start-ups to work on. I want them to look at how we can make our existing cities smart," she said. The government launched the Startup India initiative in January last year to promote the budding entrepreneurs in the country. The initiative lays down the road map for creation of a conducive ecosystem for the growth of start-ups. As part of the ongoing initiative to facilitate the ecosystem, a virtual hub will soon be rolled out. The hub will serve as a one-stop solution platform for all such queries and also a meeting ground for investors, incubators and start-ups.

ReportMoneyPTINew Delhi
Mon, 16 Jan 2017-04:26pm
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 •  Total PE into real estate jumps 62% to Rs 38,000 crore in 2016

Private equity inflows into the country's real estate sector surged 62% to Rs 38,000 crore, during 2016, largely helped by Parliament's clearance of two significant legislations -- Real Estate (Regulation and Development) Bill and GST, says a report.

Funds amounting to Rs 23,500 crore were pumped into realty by PE investors in 2015, as per the latest data compiled by global real estate services major JLL India.

The Rs 38,000 crore inflows is the second highest-level for a year since 2007.
Interestingly, PE investments worth Rs 21,000 crore alone were pumped in the second half of 2016. This is 121% more than PE investments recorded in the same period year-ago.

"The performance was due to increased confidence shown by investors post the Parliament's passage of RERA [Real Estate (Regulation & Development) Bill] and GST (goods and services tax)," JLL India managing director (Capital Markets) Shobhit Agarwal said.

Further, the report said that out of the entire PE amount in 2016, Rs 13,500 crore was investment via pure equity while the rest was through different structures of debt.

"Even in terms of pure equity, 2016 saw an impressive increase of 29% (year-on-year)," Agarwal added.
Agarwal noted that owing to an improvement in India's rankings on different indices and a pro-active government keen on improving these further, the country is bound to attract more equity investment going forward.

"Economic and political stability, liberalisation of the FDI policy by prime minister Narendra Modi's government and the resultant improvement in the investor community's sentiment are some of the factors working in Indian real estate's favour," Agarwal said.

"This year may even turn out to be slightly better than 2016 despite Brexit and the outcome of US presidential elections thanks to a strengthening and modernising economy and India's growing reputation as an attractive investment destination," he added.

Real Estate bill seeks to protect the interests of the large number of aspiring house buyers while at the same time enhancing the credibility of construction industry by promoting transparency, accountability and efficiency in execution of projects.

Meanwhile, GST will replace a jumble of levies to create one of the world's biggest single market. A single tax will make it easier to do business in the world's seventh-largest economy as also help combat evasion, boost revenue for the government. 

ReportMoneyPTI
Mon, 16 Jan 2017-03:02pm
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 •  Shah Rukh Khan to sport a tattoo on his face for cameo in Salman Khan's 'Tubelight'?

Recently, news broke out that Salman Khan and Shah Rukh Khan are reuniting on the silver screen. After over a decade (their last outing was in Om Shanti Om's Deewangi song), the two Khans will be seen in the same frame. Kabir Khan's Tubelight will have both the superstars together.

While the entire team is all hush hush about the entire outing, it can now be revealed that SRK even shot for the cameo in Mumbai on Sunday. Yes, we have some pictures from the sets. Check them out.

Bollywoodlife.com exclusively broke the news. They also mentioned how SRK's character in the film will sport a cool tattoo on his face. Although it's not clear what the tattoo is all about or what SRK's role would be in the film, it has already piqued our interests. The tattoo is clearer in the picture below. 

ReportEntertainmentDNA Web TeamDNA webdesk
Mon, 16 Jan 2017-02:57pm
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Shah Rukh Khan's look for his cameo in Tubelight
Shah Rukh Khan's look for his cameo in Tubelight
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 •  Sensex recovers 44 points, Nifty up by 8 points at 8,408

The benchmark Sensex pared its initial losses to recover 44.25 points to 27,282.31 in late morning deals on buying in key frontline shares of realty, metal, consumer durables, industrials and telcom sectors despite lower Asian cues.

Market witnessed bargain-hunting as well as shortcovering amid lack of direction, though caution gripped ahead of key index heavyweights RIL Q3 results and WPI inflation data to be released later in the day. Selling was witnessed across IT, Teck and Energy counters. The Sensex opened flat at 27,238.35 and hovered between 27,301.38 and 27,172.68. It was quoting at 27,282.31 At 1115 hours, a gain of 44.25 points, or 0.16%.

The NSE 50-share Nifty was also up by 8.05 points, or 0.10%, at 8,408.40 at 1115 hours. Among the major gainers were Tata Steel 2.55%, Adani Ports 2.09%, Tata Motors 1.54% and Axis Bank 1.15%. Major losers included Infosys, which fell 1.55%, ONGC 0.75%, Reliance 0.75%, ITC 0.66%, and GAIL 0.61%. Foreign portfolio investors (FPIs) sold shares worth a net Rs 117.59 crore on Friday, as per provisional data released by the stock exchanges. Overseas, Asian stocks dropped after the British pound plunged more than 1% on fears of hard exit by UK from the European Union, which Britain voted to leave last June. US stocks rose moderately last Friday, on the back of quarterly earnings from some of the country`s biggest banks.

ReportMoneyPTIMumbai
Mon, 16 Jan 2017-03:20pm
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