Loan to india by world bank

The Central Bureau of Investigation (CBI) on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of DHFL, officials said. The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, they said. The agency had carried out searches at the premises of noted builders of the State on April 30 to further probe on this aspect of the case, they said. Premises of ABIL and Mr. Bhosale were also searched during the operation. The CBI has now arrested Mr. Bhosale in a 2020 case against Mr. Kapoor and Mr. Wadhawan among others for alleged corruption. The CBI had recently arrested Sanjay Chhabria of Radius Developers in the case. The agency has alleged that Mr. Kapoor entered into a criminal conspiracy with Mr. Wadhawan for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to … [Read more...] about CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

Afghanistan remains a key focus area for India in the neighbourhood and that clearly hasn’t wavered because of compelling geopolitical events such as the Russia-Ukraine war. National security adviser (NSA) Ajit Doval is in Tajikistan’s Dushanbe for a two-day security dialogue on the war-ravaged country, with Russia, China, Iran, Uzbekistan, Kyrgyzstan, Turkmenistan, and Kazakhstan also participating, apart from the host nation. Talks are likely to centre on terror , the formation of an inclusive government, and the unfolding humanitarian crises in Afghanistan. India had shut down its embassy in Kabul in August 2021 when the Taliban took over the city. Prior to that, India had also closed down its consulates in Mazar-i-Sharif, Kandahar, Herat, and Jalalabad. Yet the deep historical and cultural ties between the two nations remain undeniable. India has in recent months sent food, medical supplies and other humanitarian aid to Afghanistan in several batches, and efforts are on … [Read more...] about News18 Global Exclusive Interview | Afghanistan’s Doors Open for India, Says Taliban Leader Anas Haqqani

There was no shortage of wheat in India, but the Centre has imposed a ban on its export to check "rampant" overseas sales of the grain, Union Agriculture Minister Narendra Singh Tomar has said. Speaking to reporters after attending a function here on Thursday, Tomar said it was the government's duty to maintain a balance in the market. For us, the nation's interest comes first. And that is why there was no shortage of wheat in the country. It is the government's duty to maintain a balance in the market. Hence, we have imposed a ban to check rampant export of the food grain. We have to meet the country's demand, the minister said. On May 14, India, the world's second biggest producer of the cereal, announced a ban on wheat exports as a part of measures to control rising domestic prices amid concerns of output being hit by scorching heatwave. India's wheat exports stood at an all-time high of 7 million tonnes, valuing USD 2.05 billion, in 2021-22 on better demand of Indian wheat from … [Read more...] about No Wheat Shortage in India, Ban Imposed to Check ‘Rampant’ Export: Tomar

Days after making a surprise visit to Bilal Bagh, Bengaluru’s Shaheen Bagh, veteran actor Naseeruddin Shah voiced his concerns about the current state of the nation, saying, he's felt the need to "re-examine what it is that is unique about this country" of late. The actor, who was speaking at an event titled 'India, My Valentine' in Mumbai, said even though he had never felt the need to prove his patriotism to anybody, he was elated to be a part of an initiative, which celebrated one's love for India. "Despite the fact that I never felt the need to wear my love for my country on my sleeves, I must congratulate Swara (Bhasker, co-organiser of India, My Valentine’s) and the team for this initiative. I thank her for asking me to join all of you in celebrating our country and sending a valentine to our nation. At a time when a lot of us are grappling to understand what’s going on around us, I think I am not alone in agonising over a question as to whether all this was always latent and … [Read more...] about Not Alone in Agonising as to Whether All This was Always Latent: Shah on India’s Current State

Pandit Jawahar Lal Nehru passed away on May 27, 1964. The first Prime Minister of independent India breathed his last in Delhi. He was the PM from 1947 to 1964 till he died at the age of 74. Regarded as one of the most prominent politicians of India, Nehru was homeschooled till the age of 15, after which he went abroad for pursuing his higher studies. The eminent freedom fighter returned to India at the age of 22 in order to practice law with his father Motilal Nehru. One of India’s finest politicians, Pandit Nehru was also fondly called “Chacha Nehru” by children. Nehru loved children and his birthday is celebrated as Children’s Day. Remembering the iconic politician on his death anniversary, let’s have a look at some of the inspirational quotes by him: On courage It is only too easy to make suggestions and later try to escape the consequences of what we say. On life Life is like a game of cards. The hand you are dealt is determinism; the way you play it is free … [Read more...] about Pandit Jawaharlal Nehru Death Anniversary: Quotes on Life, Courage and Failure by India’s First Prime Minister

Ever wondered where World War III might break out? A clear and troubling consensus has emerged in the American national security community that the Taiwan Strait is the most likely place for a major war to erupt between the United States and China; that it might start soon, and that such a conflict might quickly escalate into a nuclear confrontation. In March, the leading foreign policy organization in the United States, the Council on Foreign Relations in New York, issued a report concluding that Taiwan has become “the most dangerous flashpoint in the world.” There, a unique and troubling set of geopolitical developments have conspired to make a shooting war between the People’s Republic of China and the United States more likely than ever before. Recently the newly appointed commander of U.S. forces in the Indo-Pacific Region, Admiral John Aquilino, remarked that a possible invasion of Taiwan by the People’s Republic of China (PRC) “is much closer than we think.” Ever since … [Read more...] about Wonder Where World War III Might Break Out? Try Taiwan

Southeast Asia and Latin America are strong growth regions for Mastercard after its withdrawal from Russia in March and India's 2021 ban on it from issuing new cards , the company's co-president for international markets said. "Southeast Asia is exciting [due to] the right demographics, the adoption of technology and digitisation, and governments' focus on financial inclusion," Ling Hai told the Reuters Global Markets Forum, adding that countries in the region would also benefit as supply chains shift away from China. India's Central bank banned Mastercard after declaring it "non-compliant" with the country's 2018 rules that required foreign card networks to store Indian payments data locally for "unfettered supervisory access." "Our sense is we are getting really close to a resolution," Mr. Hai said on the India ban, adding that the company was working "very constructively" with the Indian government and the Reserve Bank of India (RBI). Hai said Mastercard was ready to … [Read more...] about Mastercard focusses on Southeast Asia, Latin America after India’s ban, Russia exit

The gross domestic product (GDP) of India, which is among the countries with the longest school closures during the COVID-19 pandemic, would see the highest decline in South Asia due to learning losses for the young, a new working paper published by the Asian Development Bank (ADB) has reckoned. Starting with a $10.5 billion dent in 2023, the country’s economy could take a nearly $99 billion hit by 2030, translating into a 3.19% reduction in GDP from the baseline growth trends, according to the paper on ‘Potential Economic Impact of COVID-19 related School Closures’. India may thus account for over 10% of the global GDP decline of $943 billion estimated by the ADB on account of earning losses in 2030, with jobs for skilled labour expected to decline by 1%, and unskilled labour by 2% that year. “India has notable enrolment in secondary education and among students in rural areas. Pandemic-induced school closures have also been more extensive there,” the paper noted. Economies … [Read more...] about India’s GDP to take a big hit due to pandemic-linked learning losses for students: ADB study

“Love for sports runs in my family. My father, Mohammed Nizamuddin is a former athlete and mother is a former long jumper. So, it isn’t surprising that I took the same route,” says triple jumper S N Mohammed Salahuddin, who recently won a gold medal at the Qasanov Memorial Meet held at Almaty Kazakhstan where he cleared a distance of 16.64 meters and another at the XXII International Memorial Competition held at Bishkek, Kyrgyztan, where he covered 16.53m. “16.64 is my personal best, and I am a bit disappointed as I missed qualifying for the World Athletic Championship by 0.31 m,” he says. Salahuddin was training for the upcoming National Championship when he learnt about his selection by the Athletic Federation of India for the Qasanov Memorial Meet. “They issued the list just 15 days prior to the competition. It was a surprise but, as I was already training hard, I was in a good form.” He says he was not particularly nervous and was confident. The food and the weather were both … [Read more...] about Triple jumper Salahuddin’s dream is to represent India at the Commonwealth Games and the Olympics

New Delhi India on May 27 described as “unacceptable” the comments made by OIC-IPHRC (Independent Permanent Human Rights Commission) criticising New Delhi for the court ruling against Kashmiri separatist leader Yasin Malik . External Affairs Ministry Spokesperson Arindam Bagchi said the world seeks “zero tolerance” against terrorism and urged the Organisation of Islamic Cooperation (OIC) not to justify it in any manner. “India finds unacceptable the comments made by OIC-IPHRC today criticising India for the judgement in the case of Yasin Malik,” Mr. Bagchi said. “Through these comments, OIC-IPHRC has implicitly expressed support for the terrorist activities of Yasin Malik, which were documented and presented in the court,” he said. Mr. Bagchi was responding to media queries regarding the comments made by the OIC-IPHRC on the judgement of an NIA court against Malik. “The world seeks zero tolerance of terrorism and we urge OIC not to justify it any manner,” the spokesperson … [Read more...] about India criticises OIC-IPHRC for comments on court ruling on Yasin Malik