Government has notified the rules for calculating overseas income and assets under the foreign black money law that came into effect on July 1. The value of the overseas assets, including immovable property, jewellery and precious stones, archaeological collections and paintings, shares and securities and shares in unlisted firms abroad will be calculated at the fair market value, the rules notified by the CBDT said on Friday. The value of an overseas bank account will be the sum of all deposits made in the account since its opening, the rules said.

Tata Trust and Google India launch ‘Internet Saathi’ to bring women online
Google India launched a special programme called Internet Saathi to bring more women online, along with Tata Trust, in Mumbai on Friday. The objective of the programme is to empower rural women and their communities by enabling them to use Internet in their daily lives. The programme aims to provide basic training on the usage of Internet and its benefits by use of specially designed Internet cycle carts. These cycle carts will visit villages to provide access.

Sensex, Nifty extend recent gains to hit 2-1/2-month highs
India’s stock markets hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the monsoon also helped sentiment. The Nifty rose 0.47% to end at 8,484.90 points, after earlier hitting its highest level since 23 April. It advanced 1.2% for the week. The BSE Sensex rose 0.53% and closed at 28,092.79 points, after earlier hitting its highest level since 20 April. It gained 1% for the week.

Separate rooms at bus stations to breastfeed infants in TN
Tamil Nadu chief minister J Jayalalithaa on Friday announced that separate rooms will be provided at bus terminals run by state transport corporations and municipalities to facilitate lactating mothers to breastfeed their infants. "This initiative will be introduced during the World Breastfeeding Week beginning on August 1," Jayalalithaa said in a statement.

Molestation case: HC stays St Stephen prof's arrest till Aug 17
The Delhi High Court on Friday stayed the arrest of St Stephen's college professor Satish Kumar, who has been accused of molesting a PhD student, till August 17. Justice Indermeet Kaur also issued notice to Delhi Police on Kumar's plea directing it to file a status report with regard to the progress made in the investigation of the case before next date of hearing.

Islamic State trying to gain foothold in PoK: Army
In ominous signs for Pakistan and India, terror outfit Islamic State (IS) is trying to gain a foothold in Pakistan-occupied Kashmir."Whatever inputs we have, the IS has not taken in a major way, but they are definitely trying to gain foothold in the area (PoK)", general officer commanding (GoC), 16 Corps, Lt Gen K H Singh told reporters on Friday.

Police prevents Geelani from addressing rally in Anantnag
Seperatist leader Syed Ali Shah Geelani's plan to address a public gathering in Anantnag district of south Kashmir was foiled on Friday by detaining him near his residence. Hardline Hurriyat Conference chairman Geelani had announced to offer Friday prayers in Anantnag and was scheduled to address a public gathering there after the prayers.

India’s gas output to fall as ONGC plans pipeline repair
Oil and Natural Gas Corp. (ONGC), India’s biggest energy explorer, will cut natural gas output from its biggest fields in the Arabian Sea this month to repair a pipeline.

Hema Malini fractures her nose in the car crash, bail for her driver
Hema Malini has apparently fractured her nose in the car accident. While the initial reports claimed that the actress' injuries were superficial, a fresh X-Ray scan showed a broken nose.The actress' daughter, Esha Deol, has reached the Fortis hospital in Jaipur but wants to shift her mother to Mumbai. Meanwhile, Hema Malini's driver, detained by the police, has been granted bail in Dausa accident case. He's charged with rash driving and over speeding resulting in the death of a child on Thursday night.

Live in harmony, Mukherjee tells AP and Telangana
President Pranab Mukherjee suggested that the states of Andhra Pradesh and Telangana set aside their differences and live together in peace and harmony on Friday.It was important for the sake of the nation both states had an amicable relationship with one another."We can choose our friends but we can't choose our neighbours," he said.

Shirdi Saibaba temple witnesses huge spurt in donations
The famous Shri Saibaba Sansthan Trust has witnessed a steady rise in donations from devotees over the last few years. It has received Rs 22,84,00,000 through donations, either in 'hoondis' (cash boxes) or online in the past three (financial) years from 2012-13 to 2014-15.

12 students, woman injured as power line falls on bus in Jaipur
Twelve students and a pregnant woman were injured on Friday when a 11,000 kw high tension wire fell on the bus they were boarding at Bhagwanpura village in Dholpur district. Two seriously injured students were rushed to a hospital in Agra, while nine other students and the pregnant woman were admitted to a government hospital in Baseri town

Govt plans Internet green channel: Javadekar
The government is considering starting a video website devoted to green practices, which will also be the subject of an hour-long programme to be aired daily on the newly launched DD Kisan channel, environment minister Prakash Javadekar said on Friday. The moves are aimed at spreading public awareness of environmental issues.

Airbus Helicopters teams up with India’s Mahindra Group
Mumbai: The defence division of the $16.9 billion Mahindra Group and Airbus Helicopters of Europe will set up a joint venture to produce helicopters in India. Both companies will start discussions to finalize the formation of the joint venture, which will act as the prime contractor for India’s military helicopter tenders, including the reconnaissance and surveillance helicopter, the naval utility helicopter and the naval multirole helicopter procurement programmes, Mahindra Group said in a statement.