Category: News & Politics

Rana-Kapoor

Lookout Noticed Issued Against Yes Bank Founder Rana Kapoor

On Friday, Enforcement Directorate searched the Mumbai house of Yes bank founder Rana Kapoor. Also, the agency launched a money laundering probe against him. Fearing that Mr. Kapoor and other former directors of the bank could leave the country, the agency issued a lookout notice against them.

Restructuring Yes bank management

The Reserve Bank of India took over board of the bank for 30 days to restructure its finances. Also, it put a cap of Rs. 50,000 on withdrawal for Yes bank customers. The finance ministry said in its notification that the withdrawal cap will remain effective till April 3. RBI has appointed former SBI CFO Prashant Kumar as administrator of the beleaguered Yes Bank.

Union Finance Minister listed malpractices

Nirmala Sitharaman said that malpractices by top leadership of the bank were among the top reasons for centre’s decision to restructure the management of the bank. Ms. Sitharaman, in a press conference, said that RBI had been monitoring Yes bank since 2017.

The RBI noticed serious governance issues with Yes bank. There was a culture of weak compliance. Also, there were wrong asset classifications together with risky credit decisions. Ms. … Read the rest

Global Sensex Fear

Global Sensex Tanks Amid Fear Of Coronavirus Spread

On Friday, domestic stock markets witnessed sharp loss in early trade sell off amid fear of recession due to spread of coronavirus pandemic. RBI’s action of saving the beleaguered Yes Bank and possible ramifications of that action further dented the Dalal Street sentiments.

Global Sensex Fear

Here’re 7 big things about stock market

  1. The S&P BSE Sensex index hit 37,011.09 points that was 1459.52 points down. And the NSE Nifty benchmark dropped to 441.60 points that was 10,827.40 points down. But the market trimmed some of the losses in the day.
  2. Yes Bank, IndusInd Bank, Tata Motors, SBI, Tata Steel and Zee Entertainment were the top losers. They traded between 5.16% and 25%.
  3. Yes Bank shares were trading at Rs. 17 that was 51% down after RBI suspended the Yes Bank board for 30 days. Also, it imposed a withdrawal limit of 50,000 on account holders till April 3.
  4. All the 11 sectors on the National Stock Exchange (NSE) including state-run banks, automobile and metal stocks were the worst hit.
  5. Panic selling was also visible in the broader markets. The BSE Midcap and Smallcap indices were down by 2.3% and 1.9% respectively.
  6. For
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PM-Narendra-Modi-Will-Give-Away

PM Narendra Modi Will Give Away His Social Media Accounts On Women’s Day

Prime Minister Narendra Modi will “give away” his social media accounts to mark the upcoming Women’s Day on March 8. He will celebrate the women whose life and work inspire us. He tweeted his desire to give up his social media accounts to women on Tuesday.

PM Modi urged people to share inspiring stories of women

The PM encouraged people to share inspiring stories of women under hashtag #SheInspiredUs. These stories would be part of Women’s Day campaign of the PM and the selected entries will be given an opportunity to take over Modi’s Twitter account.

Modi will give away his social media accounts

On Women’s Day, PM Modi will feature inspiring stories of women on Women’s Day. He said that these stories would ignite motivation in millions. He urged women to come forward and share their stories. With this tweet, he put a full stop to all speculations that were doing round since Monday when the PM Modi revealed his desire to give away all his social media accounts.

On Monday, the PM said that he was thinking of giving up his social media accounts. He said that … Read the rest

Narendra Modi Could Quit Social Media

Narendra Modi Could Quit Social Media This Sunday

Prime Minister Narendra Modi tweeted that he was thinking of leaving social media in a week without elaborating the reason behind this decision. After his tweet, his followers and supported urged him to reconsider his decision with their likes, tweets and comments.

Social media presence of Narendra Modi

PM Modi is followed by 53.3 million on Twitter; 44 million on Facebook; 35.2 million on Instagram and 4.5 million on YouTube. He has been using social media for direct communication with people instead of through press. He hasn’t held a single press conference since becoming Prime Minister in 2014.

In 2009, he became an active member of Facebook and Twitter. On Monday, he stunned the world with his decision of leaving the social media. Within moments, his tweet received 65,000 likes; 42,000 replies and 22,000 tweets.

PM Modi is one of the most followed world leaders but he also faced criticism for following those who support vicious online … Read the rest

Delhi-Police-has-arrested-two-folks

Delhi Police has arrested two folks for the panic calls over Delhi Violence

The violence and protests by Jamia students are still under pressure. After the horrendous war and heavy damage, the other incident took place yesterday. Due to the violence, Delhi police decided to close the Metro station on Sunday, however, it was open after the interval.

Delhi police said this was panic news that spread by people who do want peace in the society. The police requested people to do not to react and maintain peace. On the other side, the police have arrested two people for interrogation.

Delhi Police said maintain peace

As per the panic news, Delhi Police came forward and said everything is under control and there is no need to worry. Our experts and senior officers have undertaken the situation carefully.

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Suspends-Tahir-Hussain

AAP Suspends Tahir Hussain Until Murder Investigation Completes Against Him

AamAadmi Party (AAP) suspended the primary membership of its leader Tahir Hussain after he was made an accused in the murder of an Intelligence Bureau (IB) employee, Ankit Sharma during Delhi violence.

The party said in a tweet that Tahir Hussain will remain suspended from the party until the murder charges against him are investigated and he is given a clean chit by the police.

Ankit Sharma murder

His body was found in a drain near Jafrabad. He was allegedly attacked by a mob and the post-mortem report indicated that he was stabbed multiple times when he was returning home on Tuesday.His body was recovered on Wednesday. His father, Ravinder Sharma who’s also an IB employee, said that his son was stabbed and beaten by supporters of Tahir Hussain.

BJP leader Kapil Mishra on Ankit’s murder

The BJP leader also supported the allegations against Tahir Hussain. It was the pro-CAA rally in northeast Delhi’s Maujpur that was linked to the Delhi violence that rocked the national capital for four days.

Video grabs of Tahir Hussain

In a video grab, Tahir Hussain is seen in the … Read the rest