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PNB Fraud: Officials of other banks under scanner

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As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said. Officials of Hong Kong branches of Indian lenders including Allahabad Bank, State Bank of India (SBI), Union Bank, UCO Bank and Axis Bank are part of the entire fraud which continued for 7 years. As per the guidelines, the tenure for the encashment of LoUs for the jems and jewellery sector is usually of 90 days…

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NEWS CATEGORIES WORLD NEWS 

Israel advances bill cutting Palestinian funding over ‘terror’

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Ministers today greenlighted a bill allowing Israel to withhold tax monies it collects for the Palestinian Authority by the same amount as stipends that the PA pays to jailed militants. Defence Minister Avigdor Lieberman, whose ministry drafted the bill, welcomed the vote in a ministerial committee, the first step toward sending it to parliament to be passed into law. “Soon there will be an end to this theatre of absurd,” he wrote in Hebrew on Twitter, adding that the money confiscated would be used “to prevent terror and compensate victims”.…

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NEWS CATEGORIES WORLD NEWS 

Zia’s ’emotional’ lawyers delayed her privileges in jail: Govt

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Khaleda Zia’s counsels were led more by their emotions than professional obligations which delayed her getting privileges she was entitled to as the former premier in the prison after being convicted in a graft case, Law Minister Anisul Huq said today. The 72-year-old three-time former prime minister and main opposition leader was on February sentenced to five years rigorous imprisonment by Dhaka’s Special Court in connection with the embezzlement of 21 million taka (about USD 250,000) in foreign donations meant for the Zia Orphanage Trust, named after her late husband…

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NATIONAL NEWS NEWS CATEGORIES 

PMO responsible for Nirav Modi fleeing country: CPI

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The Communist Party of India today blamed the Prime Minister’s Office for diamond merchant Nirav Modi fleeing the country and hit out at Narendra Modi for keeping mum on the Rs 11,400-crore Punjab National Bank scam. The party’s general secretary Suravaram Sudhakar Reddy said the PM’s silence on such a “big scandal is surprising”. “On every issue, the prime minister reacts, tweets and comments. But when such a serious incident takes place, why doesn’t he speak or react? He must reply,” Reddy told reporters here. He claimed that in 2016,…

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NATIONAL NEWS NEWS CATEGORIES 

Palaniswami declines to comment on OPS remarks

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Tamil Nadu Chief Minister K Palaniswami today declined to comment on his deputy O Panneerselvam’s remarks that the latter acted on a suggestion from Prime Minister Narendra Modi on merging his faction with that of Palaniswami. Palaniswami said he would respond to the issue after going through Panneerselvam’s remarks, made at an AIADMK office-bearers meeting at Theni on Friday. “I don’t know about it. I will comment after going through it (Panneerselvam’s remarks),” he told reporters here. Meanwhile, senior state BJP leader and Union minister Pon Radhakrishnan ruled out the…

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NATIONAL NEWS NEWS CATEGORIES 

Justin Trudeau visits Taj Mahal

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Canadian Prime Minister Justin Trudeau today started his week-long visit to India with a tour of the iconic Taj Mahal, which he had first seen 35 years ago. Trudeau was accompanied by wife and three kids during the tour of white marble mausoleum on the banks of Ganga river. “I was about Xav’s age when I first visited the Taj Mahal almost 35 years ago… and it’s amazing to be back with him & the family on Day 1 of our trip to India,” he tweeted. The Canadian first family…

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GENERAL NEWS NEWS CATEGORIES 

Maple Assist App Paves the Way for Canadian Education Institutes to Reach out to a Wider Student Network

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Maple Assist Inc. announces the launch of the innovative mobile app for four leading colleges of Canada, namely Fanshawe College, Durham College, Georgian College and St. Clair College. The app will reach out to the global student market, which includes countries like India, China, Philippines, Japan, Brazil and Mexico. This app is projected to support over 100,000 international students coming to Canada. The App was created to address a gap in the Canadian education system, which has been steadily gaining popularity as a study destination worldwide but was missing a…

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Pune-Mumbai Route Will Support 150 Million Passenger Trips Per Year And Help India Boost Its Economic Competitiveness Through High-Speed Transportation Innovation and Job Creation

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Virgin Group Founder and Virgin Hyperloop One Chairman Sir Richard Branson announced the Framework Agreement in the presence of the Hon’ble Prime Minister Narendra Modi and the Hon’ble Chief Minister of Maharashtra Devendra Fadnavis to begin the development of the route. This historic signing at the Magnetic Maharashtra event was also attended by Virgin Hyperloop One board members and key investors Sultan Ahmed bin Sulayem, CEO and Group Chairman of DP World, and Ziyavudin Magomedov, Chairman of Summa Group. Recognizing the Maharashtra government’s contribution to the country’s economy, Indian Prime Minister Narendra…

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GENERAL NEWS NEWS CATEGORIES 

Now, book coaches, special trains online

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Need coaches for a marriage party or a religious tour? Now, it can be done online, according to instructions issued by the railway board. According to a circular by the Railway Board, booking of special trains, coaches, saloons on full tariff rate (FTR) shall now be booked through a “single window booking system” of the Indian Railway Tourism and Catering Corporation (IRCTC). “Henceforth, any individual or party seeking to book trains/coaches on FTR shall approach the IRCTC and the IRCTC will book trains/coaches online on behalf of the individual or…

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NEWS CATEGORIES SPORTS 

Tendulkar made T20 Mumbai League’s brand ambassador

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Cricket icon Sachin Tendulka has been made the brand ambassador of the upcoming T20 Mumbai League and he feels the league will provide a fine platform for the talented cricketers of the megapolis. “It s always a pleasure to be associated with the Mumbai Cricket Association. The T20 Mumbai League will not only entertain cricket fans, but also provide a great platform to the talented young cricketers in Mumbai, Tendulkar was quoted of saying in a media release. The league, scheduled from March 11 to 28 is to be organised…

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