9 02 2015
Government will infuse Rs. 6,990 crore in nine public sector banks including SBI, Bank of Baroda (BoB) and Punjab National Bank (PNB) for enhancing their capital and meeting global risk norms.
This is the first tranche of capital infusion for which the government had allocated Rs. 11,200 crore in the budget for 2014-15.
Among the beneficiaries, SBI leads the pack with a capitalization of Rs. 2,970 crore, followed by BoB Rs. 1,260, PNB Rs. 870 crore and Canara Bank Rs. 570 crore.
The finance ministry in a press release said, the capital infusion has been decided based on the performance of the bank.
9 02 2015
In Egypt, at least 30 people have been killed while several others injured in stampede and clashes between the supporters of rival teams in Cairo yesterday. The incident took place ahead of a game between Egyptian Premier League clubs Zamalek and ENPPI at the Air Defense Stadium in Cairo. Health authorities said most of the deaths took place due to suffocation and stampede.
Interior ministry said police had to use tear gas to disperse members of the Ultras White Knights fans as they tried to attend the game without buying tickets and were engaged in clashes. Only 10,000 supporters were allowed to attend the match since a league crowd ban had been in place after the Port Said tragedy in 2012 , which left 74 fans of Ahly dead. Meanwhile, Egypt’s cabinet has suspended the football league competition for an indefinite period after the latest tragedy. It said that fans failed to adhere to the safety procedures required to enter the stadium.
9 02 2015
President of Singapore Dr. Tony Tan Keng Yam was accorded a ceremonial reception at Rashtrapati Bhavan today. President Pranab Mukherjee and Prime Minister Narendra Modi welcomed Dr Yam and his wife Mrs. Mary Tan at the forecourts of Rashtrapati Bhavan. He was also given a Guard of Honour there. Later Dr Yam laid a wreath at the Samadhi of Father of the Nation Mahatma Gandhi at Raj Ghat.
The visiting dignitary met Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj and discussed issues of mutual interest. President Pranab Mukherjee is hosing a banquet in the honour of the Singapore President.
Dr Yam who is on a four day visit to India arrived in New Delhi yesterday to attend the golden jubilee celebration of India-Singapore relations.
AIR correspondent reports that Singapore is one of India’s major trade and investment partner. Bilateral trade expanded after the conclusion of Comprehensive Economic Cooperation Agreement, CECA from 6.65 billion dollars in 2004-05 to 25.2 billion in 2011-12. However it declined to 19.27 billion dollars in 2013-14.
Singapore emerged as the largest source of Foreign Direct Investment, FDI into India in 2013-14 with 5.98 billion dollars accounting for about 25 per cent of FDI inflows. Banking, pharmaceuticals, telecommunications and information technology have been the focus of such portfolio investments, besides investments in ports, airports and infrastructure projects.
9 02 2015
Govt to probe new names, says Arun Jaitley
Feb 9, 1:26 PM
NDA government easy stand on black money and dilly dialing the issue has dearly cost-ed and their non-perforamce at Local self government and state machinery with same pace and system snail pace for the convenience of few pockets made Delhitesto look for alternate in politics and made the electoral battle tense for the saffrons. There is no change in governance space of the national capital most of intellectuals in the seminars boldly claim the Modi magic is still to be practically absent. PM tall claims and his intentions may have the aspiration for the people across the sacred land but his stern action is awaited to bring citizen centric orbit move which remains static from last couple of years. Hopefully the tough electoral battle by activist group which still has no authentic leaders or spokesperson in their two year old political outfits has taken the centre from bull horn on issue of citizen welfare electric,water,housing etc. Delhi citizen are in peel of laughter of this amateur politicians neither activist nor adorable manager of governance.
FM from deep slumber takes stride sub-consciously and peddle the way to improve his and party image. Million dollar Q Is saffron bandwagon ready? Opportunity once missed difficult again to gain.
Thus Finance Minister Arun Jaitley today said that Centre has put in vigorous efforts towards digging black money during the last six to seven months. Talking to media on the sidelines of a function in New Delhi , Mr. Jaitley said sixty prosecutions have been launched of those who have stashed money in foreign banks.
He said most of the names revealed in the list in a English daily today are known to the government. He said, some new names have been revealed, whose veracity will be checked by authorities. The Finance Minister said, assessment of 350 account holders have been done and the rest will be completed by 31st of next month.
He said, Mr Jaitley also said that he had met top Swiss authorities in Davos, and agreed with them that admission by assessees will be considered as additional evidence.
9 02 2015
President of India, Shri Pranab Mukherjee Sunday onFebruary 8, 2015 met delegates to the Sixth Annual Heads of Mission Conference at Rashtrapati Bhavan.
Addressing the Ambassadors and High Commissioners who head India’s Missions abroad, the President said India demonstrated dynamism and bold leadership by inviting leaders of SAARC countries to attend the swearing-in of the new Government in May last year. That initiative must be followed through to its logical conclusion through incisive diplomacy even as we remain firm in protecting our security and putting in place impregnable security mechanisms.
The President said the one adage which never goes stale in international politics is ‘You can choose your friend but not your neighbour’. A strong message was conveyed to our neighbours that the region must decide whether to live in perpetual tension or understanding. Our initiatives in the neighbourhood must be followed up with concrete steps to consolidate and make permanent the advances we make in our relations.
Speaking on the issue of the global war on terrorism, the President said we have in recent days witnessed the horrific killings of innocent hostages in Syria, the attack on the media in Paris and the tragic killing of school children and their teachers in Peshawar. Terrorism is today an industry of evil. It is not just a threat to peace and security but an attack on humanity as a whole and civilization as we understand.
The President said India is one of the oldest victims of terrorism. There is no good terrorism or bad terrorism. Terrorism respects no religion, ideology or nation. It is no longer a debating issue. The international community must assert itself and tackle the problem by taking concerted, coordinated and determined action. This great menace and challenge to human values should be faced firmly and squarely through international cooperation. The President called upon India’s Ambassadors and High Commissioners to apply themselves to how this challenge can be addressed and to come up with ideas on how to mobilize the world to take concrete action that will mitigate and end this menace.
The President said last eight months have seen new vigour and dynamism in India’s foreign policy. President Barak Obama was our honoured guest for Republic Day. The visit was of substantive importance and not just symbolic. We also had visits by President Putin of Russia and President Xi Jinping of China recently. We were able to strike a deal in the WTO that enabled progress in trade liberalisation without comprising on our freedom to take measures essential for our food security. The Prime Minister has been personally reaching out to the Indian diaspora.
Having entered the Parliament in 1969 and served as External Affairs Minister twice, the President said he has worked with many generations of Foreign Service officers. He was aware that the jobs of HoMs is not easy. He understood their difficulties. He was aware of how they have proved their mettle at times of crises and never let the Government down. The President recalled the role played by Missions during evacuation of Indian citizens from foreign countries affected by war and turmoil. He pointed out that Indian Missions have extended assistance to even people from neighbouring countries on such occasions.
The President India’s diplomats have shown exemplary courage, skill and willingness to help our people. The tasks of an HoM are exacting but he had no doubt that every one of them would live up to the high expectations that India had of them. He was confident they will do their utmost to ensure that India’s flag continues to fly high.
9 02 2015
Jordan has nearly fifty five raids in three days of air strikes targeting a stronghold of the Islamic State of Iraq and the Levant (ISIL) group, the country’s air force commander has said.
Jordain air force launched the bombing raids on the Syrian city of Raqqa, an ISIL stronghold. This massive raid started after Thursday ISIL released video showing the killing of a Jordanian pilot held hostage by the group.
“We achieved what we aimed at. We destroyed logistics centres, arms depots and targeted hideouts of their fighters,” General Mansour al-Jbour, the head of the Jordanian air force, said on Sunday.
Jbour said that 20 percent of the total sorties against the armed group made by the US-led coalition had been conducted by Jordan.
The sorties have led to the “degrading” of nearly 20 percent of the group’s capabilities, he said.
“We are determined to wipe them from the face of the Earth.”
ISIL recently released a video showing them burning the Jordanian pilot, Moaz al-Kassasbeh, to death while he was trapped in a cage.
In comments published on Saturday, Hussein al-Majali, Jordan’s interior minister, told the state-run al-Rai newspaper that his country would go after ISIL fighters “wherever they are”.
The heightened confrontation has raised concerns about possible ISIL attacks in Jordan.
Jordan’s Petra news agency reported on Sunday that John Allen, US President Barack Obama’s special envoy in the fight against ISIL, said that a new ground offensive led by Iraqi forces, with the support of US-led coalition forces, will soon begin targeting ISIL.
Allen added that “we are preparing 12 Iraqi military brigades that we are training as a prelude to the offensive”. Media agencies