NEWSPAPERS SCAN- MARCH 15

NEWSPAPERS SCAN- MARCH 15 BJP’s defeat in Lok sabha by-elections in Uttar Pradesh and Bihar is the lead STORY in most of the newspapers this morning. The Times of India headlines “In stunning blow, BJP loses UP LS seats vacated by Yogi, deputy CM”. The Pioneer writes “Voters set alarm bells ringing for BJP”. The … Continue reading NEWSPAPERS SCAN- MARCH 15

ED moves Interpol for Red Corner Notice against Nirav Modi and Mehul Choksi

AMN The Enforcement Directorate has moved to Interpol for the issuance of a Red Corner Notice against diamond traders Nirav Modi and Mehul Choksi in connection with the over Rs 12,000 crore PNB scam. Both are accused on charges of money laundering and have been stated by probe agencies to have left India before criminal … Continue reading ED moves Interpol for Red Corner Notice against Nirav Modi and Mehul Choksi

Nepal’s Chief Justice sacked for faking birth dates

AMN / KATHMANDU Nepal’s powerful judicial council has removed the country’s Chief Justice Gopal Parajuli for holding office despite crossing the retirement age. The judicial council said Chief Justice Parajuli’s date of birth mentioned in his identity papers and academic certificates did not match. The retirement cut-off for state officials in Nepal is 65. The … Continue reading Nepal’s Chief Justice sacked for faking birth dates

Govt okays MoUs between India and Iran in health, medicine

AMN / NEW DELHI The UNION Cabinet on Wednesday approved two MoUs inked between India and Iran on cooperation in the field of health, medicine and traditional systems of medicine. The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex post facto approval for the MoU in the field of health and … Continue reading Govt okays MoUs between India and Iran in health, medicine

Govt approves continuation of urea subsidy scheme

AMN The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the proposal of Department of Fertilizers to continue Urea Subsidy Scheme upto 2019-20 at a total estimated cost of Rs. 1,64,935 crore and for disbursement of fertilizer subsidy. This decision implies that there will be no increase in price of … Continue reading Govt approves continuation of urea subsidy scheme

United States challenges Indian export subsidies schemes at WTO

AMN United States has challenged Indian export subsidies schemes at the World Trade Organisation (WTO) saying these programmes harm American workers by creating an uneven playing field. The US Trade Representative (USTR) Robert Lighthizer has alleged that at least half a dozen Indian programmes provide financial benefits to Indian exporters, which allow them to sell … Continue reading United States challenges Indian export subsidies schemes at WTO

Pakistan: 9 killed in blast near Nawaz Sharif home in Lahore

WEB DESK / AMN At least nine persons, including four policemen were killed and 35 injured last night when a powerful blast took place near the residence of Pakistan’s ousted prime minister Nawaz Sharif in Lahore. Earlier Punjab Health Minister Salman Rafique said, at least eight persons, including four policemen, lost their lives and 20 others … Continue reading Pakistan: 9 killed in blast near Nawaz Sharif home in Lahore

Britain expels 23 Russian diplomats over ex-spy’s poisoning

WEB DESK British Prime Minister Theresa May has expelled 23 diplomats and suspended high-level contacts with Russia including for the World Cup, saying her government found Moscow culpable of a nerve agent attack on a former spy. Following the alleged poisoning of former spy Sergei Skripal and his daughter Yulia, Mrs May told the Parliament … Continue reading Britain expels 23 Russian diplomats over ex-spy’s poisoning

Banking Regulatory Powers Should Be Ownership Neutral

By Urjit R. Patel, Governor, RBI Success has many fathers; failures none. Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and knee-jerk reactions. These appear to have prevented the participants in this cacophony from deep reflection and soul searching that can help solve fundamental issues … Continue reading Banking Regulatory Powers Should Be Ownership Neutral

RBI powers over PSBs are weaker than those over private banks: Governor Patel

AMN / Gandhinagar Breaking his silence over mega PNB scam, Reserve Bank of India (RBI) governor Urjit Patel Wednesday put onus of fraud on the finance ministry. Defending RBI, Patel said that the current legislation does not give sufficient regulatory control to RBI over state-owned banks. “RBI’s regulatory powers over public sector banks are weaker … Continue reading RBI powers over PSBs are weaker than those over private banks: Governor Patel