Gov’s budget plan aims to reshape relationship with oilRachel Waldholz, APRN – AnchorageAfter months of public debate, lawmakers will gavel in Tuesday, Jan. 19, in Juneau to begin fashioning a solution to the state’s budget crisis.Gov hopes nonpartisan politics will help cross party linesLori Townsend, APRN – AnchorageGovernor Bill Walker is in Juneau preparing for tomorrow’s start to the legislative session. Regardless of other considerations, the big challenge will be finding common ground with lawmakers over how to fix the state’s large and growing budget deficit.Kaiser wins 2nd K300, Bethel crowns hometown champ againLakeidra Chavis, KYUK – BethelBethel’s Pete Kaiser has won the Kuskokwim 300 for the second year in the row. Last year he became the first local musher to win the race in nearly 30 years. He’s only the second local musher to claim the title.Moose hunter’s land jurisdiction lawsuit goes to Supreme CourtDan Bross, KUAC – FairbanksA dispute between an Alaska boater and the National Park Service will be heard by the highest court in the country this week on Wednesday, Jan. 20. Lower courts have rejected Anchorage resident John Sturgeon’s suit challenging Park Service authority to regulate Alaska rivers, where they pass through federal conservation units.State, Native interests also ride on hovercraft case in Supreme CourtLiz Ruskin, APRN – AnchorageThe U.S. Supreme Court on Wednesday will hear an Alaska case challenging the National Park Service’s authority to ban hovercraft on navigable rivers. But the case has alarmed people with no interest in hovercraft, and it splits Alaska Native stakeholders.After corruption allegations, tribes call on AVCP to meetJoaqlin Estus, KNBA – AnchorageFour tribes in western Alaska are calling on the Association of Village Council Presidents to broaden the focus of a special meeting originally intended to address regional governance, and to set a date for the gathering.Pivotal Alaskan economist Arlon Tussing dies at 82Joaqlin Estus, KNBA – AnchorageAn economist who played an important role in the shaping of modern Alaska has passed away. Stories are posted on the APRN news page. You can subscribe to APRN’s newsfeeds via email, podcast and RSS. Follow us on Facebook at alaskapublic.org and on Twitter @aprn.Download Audio
U.S. Sen. Dan Sullivan, in his Washington, D.C. office. Photo: Liz RuskinAlaska Sen. Dan Sullivan, a member of the Senate Armed Services Committee, was harshly critical of the Iran nuclear agreement in 2015. He said then lifting sanctions would fuel the economy of a country that sponsors terrorism.Listen now“Billions are likely to be used to pump up the terror machine around the world and target American citizens,” Sullivan said on the Senate floor in 2015.Now, President Trump has mandated that Congress decide what to do with the agreement. Sullivan still doesn’t like the arrangement. He said it’s too lenient on Iran. But Sullivan said the U.S. should not back out of the deal.“I think a better way to deal with it right now is to vigorously enforce it,” Sullivan said Friday in a phone interview.Defense Secretary Jim Mattis and other top security officials say Iran is in technical compliance. Sullivan said Iran has violated the letter and spirit of the deal, similar to what President Trump said in a speech Friday. Sullivan said the U.S. should give Iran time to change its ways.“And then we should undertake what President Obama and Secretary Kerry said we would do, which is apply snap-back sanctions,” Sullivan said.In 2015, though, Sullivan mocked that as an unworkable solution when the Obama administration proposed it.“I know what we’ve heard from the administration,” Sullivan said in 2015. “‘Don’t worry. If there’s a violation of this agreement these sanctions will just snap back into place. They’ll snap back. No problem. Piece of cake.’”At that time, Sullivan said it can take years to impose sanctions and get companies and other nations to divest.One reason Sullivan gives for staying with the agreement now is to retain America’s leadership position with allies who also signed the deal. He said several European countries are more interested in doing business in Iran than they are in containment.
Alaska Public Media audio engineer Dave Waldron (Photo by Daniel Hernandez, Alaska Public Media – Anchorage)This week on 49 Voices, we managed to surprise our long-serving audio engineer Dave Waldron on his last day with testimonials from around the station about how beloved he is, and how much we’ll miss him when he’s gone.Listen here:
Tandur: A sadarem camp was organised to identify and certify the specially challenged, here at district hospital on Friday. Officials announced that the applicants should report by 9:30 am. But no official turned up till 11:30 am. The 200 applicants from the division had to wait without knowing the arrival of the officials. The confused further increased when the officials declared that they would test only 30 people. The challenged people staged a protest against the attitude of the officials. They were pacified by saying that the tests for remaining people will be held later and the date will be announced in newspaper.
Hyderabad: Mainstream media in the country is facing challenges as both governments in power and the liberals are trying to corner it and discredit it, felt, Shekhar Gupta, president of the Editors Guild of India. Unperturbed by the challenges, the need of the hour is going back to classical and old-fashioned journalism that focussed on facts and leg work at the ground. Also Read – Farmers stage rasta roko against urea shortage in Kamareddy Advertise With Us The noted journalist was invited to give a speech on ‘Media freedom-challenges’ on the occasion of 54th Foundation Day of Press Club, Hyderabad. He said tougher times for the media are not confined to India alone, but seen across the world with leaders like Donald Trump, Vladmir Putin, Shinzo Abe, Benjamin Netanyahu etc. employing different tactics to pressurise and target the mainstream media. Also Read – Ramagundam: Focus on company’s growth, community development Advertise With Us Also, to cater to their loyalists and their bases, people in power started to have their own news channels and publications, considering the media industry requires an investment which is very less by their standards. “US Donald Trump has Fox News to cover his governance and politics. Likewise, a Republic TV or Times Now stick to a line and telecast programmes that appeal to select viewers,” Shekar Gupta, said. Advertise With Us He said the programmes being aired in evening prime slots on news channels (8 pm to 10 pm) are not news but entertainment-related where a viewer can see the panellist and easily guess what line and stand, he takes on any particular subject. Coming to various States in the country, it’s the Chief Ministers who are trying various methods to control the media and coverage in the form of government advertisement revenue, offering plum posts of government advisor to former and senior journalists etc. And those who go against the government are targeted by stopping advertisements or foisting of police cases etc, he said. As a journalist, it is very important that our wishes and voting preferences do not come in way of factual reporting and coverage. “Each of us may have our own opinion. We might have voted for a particular party. But it should not come in the way of our duty which is essentially sticking to facts.” Also, there are times when people in power try to pressurise you and one should have a strong spine and thick skin not to feel deterred by such actions, he added. Shekhar Gupta wanted present journalists to make effective use of digital technology and social media to have a large base of followers and audience because they can retain their own identity even if he or she was asked to quit the present job. However, he wanted scribes to exercise caution and post content that is factual news and not indulge in gossips, not to show an inclination towards some and discriminating others etc. Senior journalist K Ramachandramurthy, Press Club president Vijay Kumar Reddy, General Secretary Rajamouli Chari, Treasurer Suraj V Bharadwaj, Joint Secretary Chilukuri Hari Prasad, Executive Committee member Rajinikanth Veeragoni, N Uma Devi among others took part.
Vijayawada: The members of Andhra Pradesh Private and Un-Aided Schools Management Association (APPUSMA) welcomed the decision of Chief Minister YS Jaganmohan Reddy to extend Amma Vodi scheme to private schools. Addressing the gathering at the APPUSMA executive committee meeting, the association state president A Krishna Reddy on Sunday said that Jaganmohan Reddy stood by his word in implementing Amma Vodi scheme. Also Read – Goldsmith steals gold by polishing jewelry in Bhimavaram Advertise With Us He fulfilled his promise at the time of Padayatra without any further confusion. He said that to make AP 100 per cent literacy state, the scheme would be implemented with an estimated cost of Rs 9,000 crore. The parents of about 30 lakh students who are studying in private schools across the state would be benefited with the scheme, he said and added that APPUSMA will support all the schemes of government for the development of education in the state. Also Read – Permission mandatory for Ganesh pandals: SP Advertise With Us The members of the executive committee unanimously resolved that the High Court verdict on obtaining No Objection Certificate from the Fire department should be simplified. Reddy further said that the new executive committee will be elected at Guntur. The association founder president V Janardhan Reddy, treasurer J Balaji, official representative Tulasi Vishnu Prasad, committee members of 13 districts were present.
Saifabad: As part of the sensitisation programmer, the IPS probationers of 71 RR visited the She Teams and & Bharosa Centres in Saifabad on Monday. They were introduced to facilities and told in detail about the working of both the centres. The probationers were also given a tour of the child-friendly courtroom at the Bharosa Centre. City Police Commissioner Anjani Kumar, IGP, Women and Safety, Swathi Lakra interacted with the probationers and dispelled their doubts. Four more batches of IPS probationers will be visiting the centres on July 2, 16 and 17, officials informed.
Vijayawada: Urdu Junior College students and parents staged a protest here on Thursday, demanding that the government shift the college located near Kabela to the newly constructed building premises.They alleged that local MLA and Minister for Endowments Vellampalli Srinivas is trying to allot the building constructed for Urdu College to the Gurukul School. Also Read – DGP Gautam Sawang warns over objectional posts on social media Advertise With Us For the past two days, the students are staging protest in front of the college demanding that the government officials respond on this issue and shift the Urdu College into a new building premises, appoint faculty and provide all facilities to the students. They alleged that the minister was intentionally delaying the issue without giving appointment to the Muslim leaders to sort out the issue. Parents also demanded that Minister for Education respond on this matter and do justice to the students.
WASHINGTON: Meghan Markle and Prince Harry’s friends have apparently “stopped inviting” the much-in-love couple to dinner parties because they “frown upon their PDAs.” According to the Mail on Sunday, the Duke and Duchess of Sussex make it point to always sit together at events, even if the host has seated them separately, reported Fox News. The outlet reported that the former ‘Suits’ actor purposefully wants to break the rules and party etiquettes as she considers it too “exclusive” and “traditional.” Also Read – Watch: Donald Trump says Florida faces absolute monster hurricane Advertise With Us Along with ignoring the seating plans, insiders also claimed that Meghan is openly affectionate with Harry on the events and gatherings which causes his friends to “roll their eyes” at her “American ways.” The Duke’s inner circle has “stopped inviting her to dinner” over the “frowned upon” PDAs at the dinner table. While it may not seem like a big deal to sit next to your partner at a party, the high society gathering which Meghan and Harry have been attending ask guests to follow the three rules of “placement.” Also Read – Pakistan test-fires 290-km range missile Advertise With Us To avoid sounding too “common”, the first rule is that “placement” must be pronounced the French way which involves emphasising each of the three syllables. The second rule dictates that the couples should not sit together in case any affectionate behaviour puts others off during their meal. And in order to follow the rules of “placement,” guests must sit where they have been asked to achieve the perfect, balanced high society table. Advertise With Us However, this isn’t the first time that the Duchess and Duke of Sussex have broken party rules. Shortly after she married Prince Harry last year, the Duke refused to hold Meghan’s hand at a royal event out of respect for The Queen. Last month, the Duchess came under fire when she wore a pair of jeans to watch her friend Serena Williams play at Wimbledon. An insider claimed that the former actor was a “nightmare” during the visit when her security guards infamously banned guests from taking photos of her and her casual attire meant she wasn’t allowed to watch the action from the Royal Box. They told The Times that, “They couldn’t invite her into the Royal Box because she was wearing jeans.” Meghan and Harry welcomed their son, Archie Harrison Mountbatten-Windsor on May 6, this year.
Panaji, Aug 16 (IANS) The Goa Mining Peoples Front (GMPF) — a non-profit organisation representing the cause of lakhs of mining workers in the state — has sought Home Minister Amit Shah’s help for resumption of mining activities. The GMPF requested the Home Minister to convene an urgent meeting of concerned Ministers on the Goa mining issue as “this would help sustain lakhs of innocent livelihoods and provide a strong revitalizing boost to the state’s ailing economy”, the organisation said in a statement issued here on Thursday. Also Read – Artificial Intelligence, cloud computing, drones in focus of Modi govt for better e-governance Advertise With Us It has also sought an early appointment for a delegation under the leadership of Goa Chief Minister Pramod Sawant to meet Shah so that they could present their case to him again. A meeting between the GMPF and Shah was held earlier in January. “The complete shutting down of the mining industry in the state close to two years ago has had a devastating effect on the livelihoods of the mining dependent populace,” the statement said. Also Read – Man held for slapping woman employee at Gurgaon toll plaza booth Advertise With Us “This has severely impacted the state’s economy and resulted in a heavy drain on the revenues of Goa.” GMPF President, Puti Gaonkar, said in the statement: “We bring to Amit Shah’s attention the hopes of lakhs of Goans who have been dependent on the mining industry for their livelihood. “It is also a matter of great hope for us to know that the Home Minister has asked the Mines Ministry to revisit this issue and come back with a positive outlook and solution. Advertise With Us “We were hoping that a follow up meeting would have been held by July 31, however, no such meeting has taken place and therefore we request the Home Minister to convene a meeting of ministers on the Goa mining issue at the earliest.” On July 12, Shah had directed the Ministry of Mines to study the mining ban issue of Goa and come up with a recommendation on solving the impasse. Since then, no information or intimation has been received from the government.
Unless the industry offers equal credit, equal pay parity is unachievable. On the occasion of International Women’s day, Kriti was supported by a female influencer who took a stand demanding for Kriti’s credit in the film business.Even after delivering the titular roles or the main protagonists in the film, the industry has been reluctant to give credit to the females.However, the actresses are now voicing their opinion on their own by not only offering strong performances in the films but also holding the power to draw audience to the theaters. Kriti will be next seen in Arjun Patiala, Housefull 4 and Panipat. Kriti Sanon, Taapsee PannuFacebook/ InstagramIn the ongoing debate of pay parity in Bollywood, actresses like Kriti Sanon and Taapsee Pannu raised a greater issue of credit parity.Recently, Kriti Sanon delivered box office hit Luka Chuppi that won the actress wide appreciation. However, owing to the male dominated society, the credit of the film lied with only the male lead of the film.Similarly, Taapsee Pannu and Amitabh Bachchan starrer Badla has been faring extremely well at the box office. Yet again, the credit has been conferred to only the male lead.The actresses have therefore voiced their opinion talking about the unfair system that gives credit to only the male leads despite having an equal if not more impactful role in the film.
The Index of Industrial Production grew 4.7 percent in May 2014 since October 2012, according to the data released by Central Statistics Office of the Ministry of Statistics and Programme Implementation on Friday.Also, the overall IIP has surged by one percent this year compared to loss of 3.2 percent last year.The data provided optimistic news for BJP government. On 10 July, Finance Minister Arun Jaitley had announced his first annual budget with many structural reforms and fiscal consolidation.IIP had been obtained using data from 16 source agencies across the nation. The report said the inclining growth for the month of April-May in 2014-15 over the matching duration of previous years stood at 4 percent.”It shows that things have started improving,” Reuters quoted Rupa Rege Nitsure, chief economist at Bank of Baroda.”Just going by this data one cannot say the trend will necessarily be improving henceforth, given the risks of a deficient monsoon and its impact on the whole consumption side of the economy,” she added by relating weak monsoon that could delay economic growth.As compared to May 2013, IIP rate for mining, manufacturing and electricity sectors grew by 2.7 percent, 4.8 percent and 6.3 percent respectively this year.Furniture manufacturing topped the industrial sector with growth of 60 percent, followed by tobacco products by 37.1 percent and electrical equipments with surge of 33.7 percent respectively.Besides, radio & TV industries topped the list with most loss by 40.3 percent, followed by office, accounting & computing (-28.6 percent) and motor vehicles (-7.4 percent). On other hand, consumer goods has recorded growth of 3.7 percent.Products that recorded highest losses are aluminium conductor (-60.3 percent), lubricating oil (-51.3 percent), telephone accessories (-47.8 percent), computers (-38.1 percent) polythene bags (-29.5 percent), antibiotics (-27.2 percent), commercial vehicles (-22.7 percent) and boilers (-21.8 percent) in May this year.However, the manufacturing sector, constituting three-fourth of the IIP, grew 4.8 percent in May, compared to decline in output by 3.2 per cent a year ago, Business Standard reported.”While it is reassuring to see some pick up in the growth of manufacturing in May, but it needs to be seen in the context of the negative base,” Business Standard quoted Sidharth Birla, President of Federation of Indian Chamber of Commerce and Industry.
Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.Global benchmark Brent has lost more than 28 percent since June on slow demand and abundant supply. Losses have accelerated in October on signals that the Organization of the Petroleum Exporting Countries has no plan to cut output.Brent crude for November delivery had dropped to $82.72 a barrel, the lowest since November 2010 and was down 62 cents at $83.16 a barrel by 0914 GMT. U.S. crude fell $1.01 to $80.77 a barrel.”The market still seems very bearish,” said Eugen Weinberg, analyst at Commerbank in Frankfurt. “And despite us seeing a floor around $80, even this floor might come into danger if we don’t have any signal from OPEC any time soon.”Assets which depend on economic growth, such as shares and oil, have been hit by a raft of weak indicators from Europe at a time when other big economies, including China, Japan and Brazil face their own hardships. [MKTS/GLOB]At the same time, the US Federal Reserve is set to wind down later this month the asset purchase programme that has boosted markets over the past two years.Brent has fallen from a high of $115.71 reached in June – a level reached on concern that Islamic State’s insurgency into Iraq would disrupt its supplies, and well below the $100-mark until recently seen as a level OPEC members would defend.”The $30 fall since June has led to an intense discussion whether prices could be in for a new norm,” said analysts at JBC Energy in a report, which sees OPEC cutting some output in the firs half of 2015 to support prices.”We see rather a deep slump than a permanent shift of – or a new norm for – oil prices. After all we are really in a hyped downward spiral, where any bear item is overly emphasised.”Global economic worries deepened this week after China’s consumer inflation fell to near five-year lows and U.S. producer prices declined for the first time in more than a year. The International Energy Agency also cut its global oil demand growth forecast for 2015. [IEA/M]Venezuela has called for an emergency meeting of OPEC – ahead of its next scheduled gathering on 27 November. OPEC has yet to respond officially to the request, athough OPEC sources have said such a meeting is unlikely.Reports of ample supplies in the United States added downward pressure on prices. According to industry group the American Petroleum Institute, US crude inventories rose 10.2 million barrels to 370.7 million barrels. [API/S].Traders will be looking to the government’s weekly supply report due later on Thursday for confirmation of the increase, whoch was higher than analysts’ expectations for a build of 2.8 million barrels.
Indian Railways has now doubled the charges levied on cancellation of tickets and made the refund valid only till four hours before the scheduled departure of a train.The new rules from the public transporter, which are effective from 12 November, are targeted at preventing black marketing of tickets, thereby assisting “genuine passengers” to obtain confirmed tickets.Passengers will now have to pay Rs 60 instead of Rs 30 towards cancellation of a second-class confirmed ticket 48 hours before the scheduled departure of a train, while the fee will be Rs 180 for a Third-AC ticket.”There will be no refund after the departure of a train and one has to get the refund four hours before the scheduled departure as per the revised refund rules,” PTI quoted a senior railway ministry official, as saying.”The rules were revised to discourage touts and ticketing agents who engage in black marketing of tickets,” said the official.The refund option for wait-listed and reservation-against-cancellation (RAC) tickets will be available till half-an-hour before the scheduled departure of the train.The cancellation charge for second-sleeper class ticket has been increased to Rs 120 from Rs 60, while the charge will be Rs 200 for Second AC, according to a notification from the Railways.Also, the cancellation fee will be 50% of the ticket between 12 hours and 4 hours before the scheduled departure of the train.The main idea behind a change in the Railway Passengers (Cancellation of Ticket and Refund of Fare) Rules, 2015, is to reduce the “scope of misuse”, said the official.
Softbank Group said Monday that it plans to split the domestic mobile and telecommunication business in Japan and its overseas operations into two wholly-owned subsidiaries. The Tokyo-based telecommunications company mapped the reorganisation efforts that will be carried throughout the year.Softbank appointed new leaders to supervise the domestic and overseas businesses separately. The company’s president and COO Nikesh Arora, who previously worked at Google, will take charge of the overseas management of the company, while Ken Miyauchi, Softbank’s head of mobile operations in Japan, will oversee all the domestic businesses.”[Softbank] has decided to materialise its previously announced strategic direction, which is to position its two core businesses (domestic operations and global operations) as future growth drivers,” the company said announcing the move Monday.The reorganisation is unlikely to have a major impact on Softbank’s consolidated financial results in fiscal year ending March 2016 and fiscal year ending March 2017. The unconsolidated financial results would be shared at a later time. The domestic subsidiary of Softbank, including holdings and stakes in Yahoo Japan and Gungho Online Entertainment Inc., was worth close to 1.2 trillion yen as of March 7, Bloomberg reported. The company’s international investments are spread across a wide range of technology and Internet firms, including Alibaba and Sprint, and were valued at about 8 trillion yen as of last Friday.The move awaits shareholders’ approval, which is planned for June in Softbank’s general meeting of shareholders. But splitting the domestic operations from its overseas investments, which includes the ailing US telecom Sprint business, would rest some investors’ worries about the domestic earnings being used on turning around Sprint’s losses, Hitoshi Sato, senior analyst at InfoCom Research, told the Wall Street Journal.Softbank also invested in China’s ride-sharing company Didi Kuaidi Joint, India’s e-commerce company Snapdeal and an online retail company Coupang in South Korea, all of which will remain under the branched-out overseas division.
Mahika Sharma and Karan OberoiInstagramWhile actor Karan Oberoi is under arrest on charges of rape and extortion, actress Mahika Sharma has raised objection in terming mutual sexual relationship that eventually fails as “rape”.Mahika asserted that people often mutually engage in physical intimacy while being in a relationship, but later accuse the other party of rape when the relationship fails. She said that such cases should not be termed as “rape” as she feels rape is something far more gruesome.”I don’t understand why people term “rape” to a mutual sexual relationship. Both the parties actually enjoy the relationship, and later when they fail in their relationship, they name it rape, it’s hilarious. A rape victim, who has been forcefully dragged to a physical relationship, her pain and this situation is totally different from the two persons who are mutually in a relationship. There should be some other term used instead of rape for such heartbroken or fake relation cases. Hope people would agree with me. Because if we use the word rape in such cases, the value and weight of the word go down. Because more than 80% of people in our country have a different definition of rape which is actually forcefull sex,” Mahika said in a statement.However, she refused to make any comment on Karan being accused of rape and blackmailing.”I can’t say or make any statement about Karan’s case but #MenToo movement was not actually required as our society is always in favour of men. Just I am not happy about people using the term rape for failed relationships or broken promises,” she added.Karan is accused of raping an astrologer under the pretext of marrying her and later blackmailing her through a private video he allegedly recorded. The girl in her complaint alleged that Karan had sedated her with a drink, and filmed her in an obscene way, which he allegedly used to blackmail and extort money from her.
Bollywood actress Shilpa Shetty poses outside the Bombay Stock Exchange building, after attending a book launch in Mumbai October 15, 2008 (representational image).Reuters file3.54 PM IST: Reliance Industries Ltd. (RIL) shares were on a roll on Monday, the first day of an action-packed week for Indian stock markets. The stock hit a fresh nine-year high of Rs 1,307.05 and ended at Rs 1,304.90, a gain of 3.69 percent.The BSE Sensex ended 216 points higher at 29,048 while the NSE Nifty closed 66 points higher at 8,963. Markets are apparently pinning their hopes on a BJP win in Uttar Pradesh where Prime Minister Narendra Modi has been vigorously campaigning for the past three days in Varanasi, his constituency. Polling in 49 Assembly seats including eight in Varanasi will be held on Wednesday (March 8).Top Sensex gainers included RIL, Adani Ports, Tata Motors and Bharti Airtel. 1.43 PM IST: The BSE Sensex had shed its morning gains and was trading 145 points higher at Rs 1,301 (up 3.43 percent) after hitting a new 52-week high of Rs 1,309.90. The stock has been climbing in bullish estimates for its telecom business, Reliance Jio. In a presentation, the RIL management shared its telecom plans of Reliance Jio (RJio).RJio plans to hit Rs 100,000 crore (Rs 1 trillion) in revenues in one to two years with the revenue mix shifting from voice to data.”JIO caters to 85% of mobile data traffic in India today and can support about 60% of forecasted data traffic in FY21. ) On the back of JIO, India has become the largest market for data – 100 crore GB/month against 71 GB/month in US,” JM Financial Research said in a note.Benchmark indices Sensex and Nifty opened with gains on Monday, shrugging off global cues that suppressed sentiments on Asian equity markets over China projecting a GDP growth rate of 6.5 percent for the current year and concerns over interest rate hike by the US Fed.The BSE Sensex was up almost 200 points at 29,032 at around 10 am led by Reliance Industries, NTPC, SBI and Coal India.Reliance Industries Ltd (RIL) shares were up 3.06 percent at Rs 1,297 apiece, NTPC was trading 1.54 percent at Rs 158, State Bank of India (SBI) was trading 1.30 percent higher at Rs 268 and Coal India Ltd. (CIL) shares were up 1.31 percent at Rs 326.Sentiments were apparently boosted by the Goods and Services Tax (GST) Council clearing the draft laws at its meeting last Saturday, raising confidence the GST will be rolled out by the revised deadline of July 1 (the earlier deadline was April 1) this year.The suspension of premium processing of H1-B visas by the Donald Trump administration could impact Indian IT companies in a limited way, according to brokerage Nirmal Bang Institutional Equities. “The premium processing option allowed companies to pay an extra $1,225 per visa to have their petitions reviewed in two weeks, rather than the usual two to six months. In response to this development, industry body NASSCOM put out a statement on 5 March 2017 that ‘temporary suspension of premium H-1B processing will create some process delays for companies – Indian and American – but is not a significant impediment,” it said in a note.The possibility of the US Federal Reserve raising interest rate hike weighed in on US and European stock markets last week, resulting in weak closing.”US markets remained lacklustre on Friday after Federal Reserve Chairperson Janet Yellen signalled on Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation coming at central bank’s target. European market closed on a mixed note ahead of the US Fed’s chairman Yellen’s comments,” brokerage Angel Broking said in a note on Monday.The Indian rupee opened higher at 66.77 to the US dollar on Monday.
Enforcement Directorate is reportedly widening the probe into the angle of kickbacks in loans that the ICICI Bank granted to dubious entities during Chanda Kochhar’s tenure as boss. ReutersThe Enforcement Directorate (ED) has widened the scope of its investigation into the conduct of ICICI Bank’s former CEO and MD Chanda Kochhar. The agency is examining loans that ICICI Bank gave to Sandesara brothers-led Sterling Biotech and the crisis-hit Bhushan Steels, now a Tata group company.ED suspects that the firm of Deepak Kochhar, Chanda Kochhar’s husband, benefitted from the granting of a loan to the extent of hundreds of crores of rupees to Sterling Biotech. Nitin Sandesara and Chetan Sandesara own the Vadodara-based company and are wanted in alleged Rs 8,100 crore bank loan fraud.Some reports say the Sandesara brothers are in Albania as economic offence fugitives. Hitesh Patel, one of the accused in the Sterling Biotech bank fraud case and a close aide of the Sandesaras, was arrested in Albania last month. ED is also looking into whether Chanda Kochhar benefitted by granting loans to Bhushan Steels, according to a report in India Today.The ED suspects that Bhushan Steels offered to invest in Deepak Kochhar’s firm in exchange for loans from ICICI Bank, the report said. The Central Bureau of Investigation is already probing Bhushan Steels for alleged financial frauds. Enforcement Directorate has summoned ICICI Bank former chief executive officer Chanda Kochhar and husband on May 2 apparently to probe the angle of kickbacks in sanctioning some loans.Reports say a Singapore citizen revealed to ED several dubious loans the ICICI Bank granted during Chanda Kochhar’s tenure allegedly in exchange for investment in her husband’s firm. ED sources believe a preliminary investigation showed the claims had substance and worth further probe The ED has summoned Chanda Kochhar and husband on May 3 for interrogation in connection with the Videocon money-laundering case, sources say. The probe agency has directed Kochhar for a personal appearance at its Delhi office with a detailed list of her movable and immovable assets.Deepak Kochhar has also been summoned along with brother Rajeev Kochhar on April 30 to record statements under the Prevention of Money Laundering Act (PMLA). The ED wants Chanda Kochhar to make full disclosure to the probe agency in line with the one she made to the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and other regulators. The investigators are apparently convinced that Chanda Kochhar illegally benefitted from the loans sanctioned to several entities.
Illustration of taking poisonA minor girl student of a primary school allegedly committed suicide by taking poison in Sener Dighirpar area of Chandpur sadar upazila on Monday afternoon.The deceased is Khadiza Aktar, 11, student of class-V of Tarpurchandi Government Primary School and daughter of a certain Md Nasir Gazi.Deceased’s brother, Faisal said Khadiza took poison in the afternoon after returning from school, reports UNB.The on-duty physicians of Chandpur General Hospital declared Khadiza dead on arrival at the hospital.Chandpur model police station sub-inspector Md Kamal Hossain said they sent the body to hospital morgue for autopsy.
.A Kushtia court on Monday sentenced two accused to life term imprisonment for raping a schoolgirl in Kumarkhali upazila in 2015, reports UNB.The convicts are Nazmul, 30, and Azam alias Sagar, 30, of Nandalalpur village of the same upazila.The court also fined the convicts Tk 20,000.According to the prosecution, the convict, Nazmul and Azam, abducted a minor girl from Alauddinnagar area of the upazila while she was going to take tuition by an auto-rickshaw on 18 August in 2015.They took the girl to a flat in the district town and raped her.Later, the family of the victim filed a case with Kumarkhali Police Station against the convicts. Police submitted charge sheet against them after investigation.After examining witnesses and documents, Judge Mahmudul Haque of the Kushtia Additional District and Sessions Judge court-1 handed down the verdict today.