June 29: Do not fear failure but rather fear not trying.

On this day, 29 June...

1956 - The Act that made possible the modern interstate highway system in the U.S. was signed by President Dwight D. Eisenhower. Eisenhower had seen the speed and efficiency in moving troops and equipment on the four-lane autobahns in Germany during WW II. 

1916 - Boeing aircraft flies for the 1st time.

1993 - 24 Jawans were killed in an ambush by NSCN militants in Manipur.

1998 - Indian Government decides to grant full statehood for Delhi and create three new States namely Uttaranchal, Vananchal and Chattisgarh.

1999 - An Indian High Commissioner member N. R. Doraiswamy is beaten up by Pakistani intelligence operatives.

Born 

1893 – Prasanta Chandra Mahalanobis, Indian economist and statistician (d. 1972)

1991 – R. Jeeva, Indian Tamil Musician

RIP

1533 - Chaitanya Maha Prabhu, vaishnav Sant.

1873 - Micheal Madhusudan Dutta, first Bengali modern poet.

2000 – Kamini Kadam, actor.

2011 – K. D. Sethna, Indian poet, scholar, writer, philosopher, and cultural critic (b. 1904)

Titbits

2008 - Thomas Beatie, the world's first pregnant man, gives birth to a daughter.

2002 - US Vice President Dick Cheney, serves as Acting President for two and a half hours, while President George W. Bush undergoes a colonoscopy procedure. 

You may have known...

Most people forget 90% of their dreams. 

Business News

• PNB scam: ED files Prosecution Complaint/charge sheet in the court against Mehul Choksi. The complaint charged Choksi and 13 others - Eight Individuals and Five Companies - under section 4 of the Act for the offence of money laundering.

• HDFC Asset Management Co. Ltd, the Country’s Largest Mutual Fund, receives SEBI’s Approval to Float an Initial Public Offer (IPO).

• Indian Bank to Withdraw Dividend Payment Resolution after RBI's reply that the Bank can declare a dividend after Fully Providing for Mark-to-Market (MTM) Loss, Gratuity and Other Provisions.

• GSTN to Temporarily Shut Down on 1st July, on the First Anniversary Day of GST.

• United Forum of IDBI Bank Officers and Employees Conveys its Serious Concern to the Finance Minister over the Govt’s move to sell a Significant Stake in the bank to LIC.

• Special CBI Court sentenced Additional Commissioner of Income-Tax,  Sumitra Banerjee and Asst. Comm. I-tax, Anjali Bambole, to Five Years' Imprisonment for allegedly demanding Rs 1.7 Crore Bribe from a Thane-based builder, in a graft case of 2010.

• LIC Buys First Issuance of Longest Maturity 30-year Bonds of Rs. 2000 crore sold by NHAI.

• As per an Internal Report, Government Rejects Bad Bank Proposal to Resolve NPA Crisis.