सोनीपत: बटन फैक्ट्री में लगी भीषण आग, 8 मजदूर झुलसे, दो की हालत गंभीर, दिल्ली रेफर

सोनीपत के कुंडली औद्योगिक क्षेत्र में स्थित एक बटन फैक्टरी में भीषण आग गई। इस हादसे में आठ मजदूर झुलस गए हैं।

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Watch: Twitter In Awe Of Jadeja's "Indescribable" Catch To Remove Wagner

Ravindra Jadeja completed a one-handed catch to break the partnership between Kyle Jamieson and Neil Wagner.

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Citroen Reveals Ami Electric Car That's Extremely Affordable At Rs. 1500 Per Month

French automaker Citroen has revealed the Ami - 100% electric car for Europe that costs just about $6000 (around Rs. 4.76 lakh). The Citroen Ami is a small city car and classifies as a "light...

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Shilpa Shetty's Delhi Binge Featured This Japanese Delicacy!

If you follow Shilpa Shetty Kundra on Instagram you would know that the actress loves to eat out too. While the diva was in Delhi recently, she indulged her heart out in one of capital's famous...

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Delhi Woman, 60, Recalls Escaping Arson, Children Jumped From First Floor

Bilkis Bano, 60, cannot stop crying as she recalls Monday's mob attack when hundreds stormed northeast Delhi's Shiv Vihar locality, one of the worst hit by the violence in the national capital over...

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ट्रंप बोले- भारत दौरे के बाद से भीड़ को लेकर उत्साहित नहीं होता, वहां एक लाख लोग थे यहां 15 हजार

डोनाल्ड ट्रंप ने एक बार फिर प्रधानमंत्री नरेंद्र मोदी की तारीफ की है। ट्रंप ने शनिवार को दक्षिणी पूर्वी अमेरिकी राज्य के दक्षिण कैरोलिना में एक रैली को संबोधित करते हुए कहा कि पीएम मोदी एक महान व्यक्ति हैं, जो अपने देशवासियों से प्यार करते हैं।

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राहत: 11 मार्च से प्रस्तावित तीन दिवसीय देशव्यापी बैंक हड़ताल टली

बैंक कर्मचारियों के विभिन्न संगठनों की 11 मार्च से प्रस्तावित तीन दिवसीय देशव्यापी हड़ताल को टाल दिया गया है। बैंक कर्मचारियों के एक संगठन ऑल इंडिया बैंक एम्पलाइज एसोसिएशन ने यहां एक बयान में इसकी जानकारी दी।

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दिल्ली हिंसा: एसीपी का चौंकाने वाला खुलासा, 3000 की भीड़ 200 पुलिसकर्मी, हर तरफ से बरस रहे थे पत्थर

चांद बाग इलाके में बीते 24 फरवरी को हुई हिंसा में घायल हुए एसीपी अनुज कुमार ने तबीयत में सुधार होने के बाद आपबीती का खुलासा किया।

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55 प्रतिशत शादीशुदा भारतीय अपने साथी को देते हैं धोखा, महिलाएं हैं आगे: सर्वे

सर्वे के अनुसार भारत में आज भी 90 प्रतिशत शादी परिवार द्वारा तय की जाती हैं। वहीं केवल पांच प्रतिशत लोग प्रेम विवाह करते हैं।

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Nirbhaya Case: दरिंदा अक्षय पत्नी और बच्चे का हवाला देकर गिड़गिड़ाया, कहा-उन दोनों का क्या कसूर?

निर्भया केस के दोषी अक्षय कुमार सिंह ने तीन मार्च को होने वाली फांसी को टालने के लिए एक नया पैंतरा चला है। सभी कानूनी विकल्प खत्म होने के बाद निर्भया के गुनहगार अक्षय ठाकुर ने दोबारा दया याचिका दाखिल की है।

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पश्चिम बंगाल से राज्यसभा जा सकते हैं प्रशांत किशोर, तृणमूल ने दिया संकेत

जनता दल यूनाइटेड से बाहर निकाले गए चुनावी रणनीतिकार प्रशांत किशोर को पश्चिम बंगाल से राज्यसभा भेजा जा सकता है।

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होली से पहले उपभोक्ताओं को तोहफा, 52 रुपये सस्ता हुआ गैस सिलिंडर

होली से पहले रसोई गैस उपभोक्ताओं को तोहफा देते हुए सरकार ने घरेलू गैस सिलिंडर के दाम में कमी की है।

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मध्यप्रदेश हाईकोर्ट ने कहा, सीएए के खिलाफ सार्वजनिक जगहों पर विरोध-प्रदर्शन की अनुमति नहीं दे सकते

मध्यप्रदेश हाईकोर्ट की जबलपुर स्थित मुख्य पीठ ने सीएए के खिलाफ विरोध-प्रदर्शन को लेकर निर्णायक फैसला दिया है। कोर्ट ने कहा कि वह सार्वजनिक स्थल पर शांतिपूर्वक विरोध प्रदर्शन की अनुमति नहीं दे सकती।

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ओवैसी के सामने पाक जिंदाबाद बोलने वाली अमूल्या की न्यायिक हिरासत पांच मार्च तक बढ़ी

असदुद्दीन ओवैसी के मंच से ‘पाकिस्तान जिंदाबाद’ के नारे लगाने वाली अमूल्या लियोना की न्यायिक हिरासत पांच मार्च तक बढ़ा दी गई है।

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35-Year-Old Man Allegedly Shot Dead In Delhi: Police

A 35-year-old man was shot dead allegedly by unidentified persons in southeast Delhi's Amar Colony area on Saturday, the police said.

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Oppo A31 (2020) 4GB RAM Variant Goes on Sale in India: All You Need to Know

Oppo A31 (2020) phone was launched in India just a day ago, and it is now available to buy via several online site, as promised. Only the 4GB RAM option of the phone is currently up for sale.

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AAP, BJP Two Sides Of Same Coin: Congress On Kanhaiya Kumar Sedition Case

The Congress hit out at the Arvind Kejriwal government on Saturday for its sanction to prosecute Kanhaiya Kumar and nine others in connection with a sedition case, saying the AAP's thinking is the...

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Dismayed Over Recent Delhi Violence, Bengal BJP Leader Quits

A popular Bengali actor, who joined the BJP in 2013, has resigned from the primary membership of the party expressing dismay over the "recent hate-filled situation" in the country.

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Expressway Will Give Momentum To UP Defence Corridor: Yogi Adityanath

The Bundelkhand Expressway, the foundation stone of which was laid by Prime Minister Narendra Modi on Saturday, will give momentum to the Uttar Pradesh defence corridor, Chief Minister Yodi Adityanath...

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Trump Imposes Travel Restrictions After US Confirms 1st Coronavirus Death

US President Donald Trump on Saturday announced restrictions on travel from Iran and advised fellow citizens not to travel to certain areas of South Korea and Italy.

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Amit Shah To Launch Bengal BJP Campaign Today For Big-Ticket Local Polls

As northeast Delhi appears to make its way back to some kind of normalcy, Union Home Minister Amit Shah will visit Kolkata today to kick off the BJP's campaign for the municipal elections in April...

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दिल्लीः हिंसा के बाद पटरी पर लौटी जिंदगी, ज्यादातर दुकानें खुली, सड़कों पर चहल-पहल

उत्तर-पूर्वी दिल्ली में कई दिन चली खौफनाक हिंसा के बाद अब जिंदगी आहिस्ता-आहिस्ता अपने कदम बढ़ाने लगी है।

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Timex Ironman R300 Smartwatch With Up to 25 Days Battery Life Launched

Timex, the veteran American watchmaker company, is back with its latest smart wearable – the Ironman R300 GPS smartwatch. The smartwatch that is listed on its American website is available at...

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जेनेवा में पाकिस्तान की फिर फजीहत, लगे 'पाक आर्मी अंतरराष्ट्रीय आतंकवाद का केंद्र' के पोस्टर

संयुक्त राष्ट्र मानवाधिकार परिषद के 43वें सत्र के दौरान जिनेवा में ब्रोकन चेयर स्मारक के पास लगे पोस्टर में लिखा है कि पाकिस्तानी सेना अंतरराष्ट्रीय आतंकवाद का केंद्र है।

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देशद्रोह के मुकदमे की अनुमति पर बोले कन्हैया कुमार, दिल्ली सरकार को धन्यवाद, सत्यमेव जयते

दिल्ली सरकार ने जेएनयू छात्र संघ के पूर्व अध्यक्ष कन्हैया कुमार समेत अन्य लोगों पर देशद्रोह का मुदमा चलाने की इजाजत दे दी है।

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सीएम योगी से मिले नृपेंद्र मिश्र, राम मंदिर निर्माण पर हुई चर्चा, आज साधु-संतों से भी मिलेंगे

श्रीरामजन्मभूमि मंदिर निर्माण ट्रस्ट की भवन निर्माण समिति के अध्यक्ष नृपेंद्र मिश्र ने शुक्रवार शाम मुख्यमंत्री योगी आदित्यनाथ से उनके सरकारी आवास पर मुलाकात की।

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Pak-Based Jaish Terrorist Involved In Pulwama Attack Arrested: Official

The NIA on Friday arrested an operative of Pakistan-based terror group Jaish-e-Mohammed (JeM) for his alleged involvement in the Pulwama terror attack last year, officials said.

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वहशत के बाद दहशत बरकरार: तनाव के बीच शांति के लिए बैठकों का दौर, अब तक 42 की मौत

राजधानी के हिंसाग्रस्त इलाकों में हालात सामान्य हो रहे हैं लेकिन दहशत व तनाव कायम है।

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धर्मनगरी चित्रकूट में आज डेढ़ घंटा गुजारेंगे पीएम मोदी, करेंगे बुंदेलखंड एक्सप्रेस वे का शिलान्यास

धर्मनगरी चित्रकूट में पीएम मोदी आज दोपहर एक बजे हेलीकाप्टर से भरतकूप के गोंडा पहुंचेगे। लगभग डेढ़ घंटे के कार्यक्रम में वह कृषक प्रदर्शनी, पेयजल योजना का स्टाल व डिफेंस कॉरिडोर और बुंदेलखंड एक्सप्रेस-वे पर आधारित लघु फिल्म का अवलोकन करेंगे।

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अमेरिका-तालिबान के बीच आज होगा शांति समझौता, विदेश सचिव शृंगला ने कहा- भारत अफगानिस्तान के साथ

अमेरिका और तालिबान के बीच शांति समझौते पर हस्ताक्षर से एक दिन पहले विदेश सचिव हर्षवर्धन शृंगला शुक्रवार को काबुल पहुंचे।

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Coronavirus A "Once-In-A-Century" Pathogen, Says Bill Gates

Philanthropist Bill Gates on Friday urged wealthy nations to help low and middle-income countries strengthen their health systems in hopes of slowing the spread of the coronavirus, which Gates said...

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दिल्ली में हिंसा के बाद दो से अधिक दहशतजदा परिवार छोड़ गए अपना घर

शुक्रवार को चांदबाग से लेकर करावल नगर तक का माहौल शांतिपूर्ण था, लेकिन तनाव दोनों ओर बरकरार है।

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कन्हैया पर केस चलाने की इजाजत के बाद सियासत तेज, आप और भाजपा आमने-सामने

दिल्ली सरकार की तरफ से जेएनयू छात्र संघ के पूर्व अध्यक्ष कन्हैया कुमार समेत अन्य लोगों को देशद्रोह का मुकदमा चलाने की मिलने के बाद राजनीति भी शुरू हो गयी है।

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दिल्ली हिंसाः 22 गलियों को मजहबी सरहदों में बांट पहरा दे रही है युवाओं की टोली

उत्तर-पूूूर्वी दिल्ली के हिंसाग्रस्त इलाके में भले ही प्रशासन माहौल शांत होने का दावा कर रहा हो, लेकिन हिंसा वाले इलाके की गलियों में दिलों की दरारें अब भी खत्म नहीं हुई है।

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विवादों के बीच पुलिस आयुक्त अमूल्य पटनायक की विदाई आज

दिल्ली पुलिस आयुक्त अमूल्य पटनायक शनिवार को कार्य मुक्त हो जाएंगे।

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दिल्ली हिंसाः नाखूनों और हाथ-पैर से कर रहे हैं अपनों की पहचान, 12 शवों की अब तक नहीं हो पाई शिनाख्त

उत्तर-पूर्वी दिल्ली में तीन दिन तक चले खूनी संग्राम की सच्चाई जीटीबी अस्पताल की मोर्चरी बयां कर रही है।

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कोरोना का कहर : हवाई सेवाएं बंद होने से ईरान में फंसे 340 भारतीय मछुआरे

कोरोनावायरस के खौफ के चलते ईरान में हवाई सेवाएं बंद होने से 340 भारतीय मछुआरे वहां फंस गए हैं। अब गुजरात सरकार ने केंद्र सरकार से मछुआरों को वापस लाने की अपील की है।

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राष्ट्रवाद पर बोले विदेश मंत्री एस जयशंकर, इसे लेकर रक्षात्मक होने की जरूरत नहीं है

विदेश मंत्री एस जयशंकर ने शुक्रवार को कहा कि राष्ट्रवाद का उदय वर्तमान युग को परिभाषित करने वाली विशेषताओं में से एक है और राष्ट्रों को इसे लेकर ‘रक्षात्मक’ होने की जरुरत नहीं है।

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दिल्ली हिंसा: बच्चों ने सुनाई आपबीती, कहा- पढ़ते हुए भी याद आ जाता है वह खौफनाक मंजर

करावल नगर इलाके में बेशक तबाही का मंजर थम गया हो, लेकिन अभी भी लोगों में खौफ है। इनमें वे मासूम चेहरे भी शामिल हैं जिन्होंने न अब तक ऐसे खौफनाक मंजर के बारे में सुना था और न ही देखा था।

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UNHRC में भारत की हुंकार, कश्मीर में हालात हो रहे सामान्य, पीओके से कब्जा हटाए पाक

संयुक्त राष्ट्र मानवाधिकार परिषद की 43वीं बैठक में जवाब देने के अधिकार का इस्तेमाल करते हुए भारतीय राजनयिक ने पाकिस्तान को 10 बिंदुओं पर नसीहत देते हुए कहा, पाकिस्तान हमें बदनाम करना बंद करे।

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आज रात से पांच घंटे यात्री नहीं करा सकेंगे रिजर्वेशन, रेलवे की 139 सेवा भी रहेगी बंद

शनिवार की आधी रात से रविवार तड़के यात्री ई टिकट बुक नहीं कर सकेंगे। इस दौरान पांच घंटे ऑन लाइन रेल टिकट बुक करने की सेवा ठप रहेगी। इस अवधि में रेलवे की 139 सेवा भी बंद रहेंगी।

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दिल्ली हिंसाः निवाला हुआ मंहगा, लोगों की बढ़ी परेशानी

उत्तर-पूर्वी दिल्ली के भजनपुरा, करावलनगर, गोकलपुरी व खजूरी इलाके में हुई हिंसा ने लोगों के मुंह का निवाला महंगा कर दिया है। आटे से लेकर सब्जियों के दाम में 20 से 50 रुपये की बढ़ोतरी हुई है।

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आरबीआई के पूर्व गवर्नर रघुराम राजन ने आर्थिक सु्स्ती के लिए सरकार को ठहराया जिम्मेदार

भारतीय रिजर्व बैंक (आरबीआई) के पूर्व गवर्नर रघुराम राजन ने कहा कि सरकार अर्थव्यवस्था की तुलना में अपने राजनीतिक और सामाजिक एजेंडे पर ज्यादा ध्यान दे रही है।

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अयोध्या: रामनवमी से रामलला की आरती में शामिल हो सकेंगे श्रद्धालु

रामजन्मभूमि परिसर में रामलला के अस्थाई गर्भगृह निर्माण की कवायद तेज हो गई है। इसी गर्भगृह में रामलला को शिफ्ट किया जाएगा। शुक्रवार को क्रेन व जेसीबी से मानस भवन के दक्षिण समतलीकरण का काम किया गया।

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WhatsApp Dark Theme Gets New Solid Colour Options on Android

WhatsApp beta for Android has been updated to version 2.20.60 with additional solid colour options for the Dark theme. The new update is available for download through the Google Play Beta programme.

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Man Arrested For Stealing Rs 24 Lakh Gold From Train In Mumbai: Police

A Gujarat resident was arrested from Bandra Terminus in Mumbai for allegedly stealing jewellery worth Rs 24 lakh from a train passenger, a railway police official said on Friday.

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Low transaction charges don’t promote digital payments: Mastercard CEO Ajay Banga

MUMBAI: The opportunity to grow digital payments in India is enormous, with just about 10% of the total merchant community in the network, but tinkering with fees associated with electronic transactions could slow the adoption rather than promoting it, said Mastercard CEO Ajay Banga.There is no empirical evidence that either a low merchant discount rate (MDR) or the absence of it promotes digital transactions. On the contrary, any such move takes away the incentive for intermediaries, who are vital for acquiring customers, Banga said in a telephonic interview. He was speaking to ET two days after the announcement that he would be elevated to the position of executive chairman.MDR is the fee charged by banks and payments companies from merchants or shop owners for providing them payment settlement infrastructure, or point-of-sale (PoS) machines.“Wherever in the world MDR has been reduced to the levels where it makes it uneconomical for the acquirer or issuer to participate in the natural business of electronic payments, you tend to lose the momentum. It’s a balancing act,” he said.The government has been tinkering with the fee paid for electronic transactions using debit cards. Recently, it scrapped MDR charges on payments made using the RuPay card, which is issued by the National Payments Corp of India.Low MDR charges take away the incentive that is essential for companies that get customers on board. These companies then do not find it meaningful to remain in business, Banga pointed out.“We need to find a way to ensure economic sustenance for this model,” he said. “My view is that commercial sustainability in these decisions is very important. There are a lot of studies to show that this is the right way to think about it.”Banga said there is an immense opportunity to promote digital payments in India with just about 5 million of the total 65 million merchants currently in the network, he said.“Don’t know the right number (cash to digital) for India, but I do expect digital payments in India to grow substantially than (in) the past 10 years,” Banga said. “About 5-6 million merchants accept card payments in India, which is way more than what it used to be four years ago when just 1 million merchants accepted cards. But the scope is huge. There are nearly 65 million merchants in India.”Banga also praised the banking regulator for proactively pushing digital payments and being receptive to suggestions.“I think the RBI (Reserve Bank of India) has been very fair and transparent. I don’t have a lot of advice for them, it is one of the best regulators in the world,” he said.“We have been telling them (the RBI) our views on data predictability. We are also talking to them to enable payment directory from your bank account using our facility called ‘pay-by-account’. They are open to discussing how to enable that. The RBI is very constructive,” Banga said.

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Commercial leasing to grow across 7 major cities over 4 yrs

Bengaluru: The commercial leasing activity is expected to continue its strong momentum across seven major cities over the next four year with IT/ITeS and flexible office space driving the demand.According to Colliers International, between 2020-24, the office space is expected to witness average annual gross absorption of 5.1 million sq metres, outpacing the annual average gross absorption of the preceding five-year period by about 14%.“We expect Hyderabad to be among the top four office markets in India by 2024, led by expansion of technology companies, and global in-house centres,” said Megha Maan, senior associate director-research, Colliers International India. Hyderabad has risen to the second spot in gross office absorption in 2019.Colliers said, the new supply is also expected to reach a new peak during 2020-24 with average annual supply at about 5.9 million sq metres.“Over the past few years, we have been focusing on expanding our presence across India with upcoming developments in Mumbai, Pune, Ahmedabad, Delhi and Gurgaon. We are excited about strengthening our business in the new markets, while continuing to transform the Indian realty sector,” said Irfan Razack, CMD, Prestige Group.However, over 2020-24, the pan-India average rentals will slow at CAGR 1.1% owing to huge quantum of supply planned over the next five years. The average rentals values increased by 3.1% yoy, led by strong demand.

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बिहार कैबिनेट का फैसला, भ्रष्टाचारियों को पकड़वाओ और पांच लाख का ईनाम पाओ

हालांकि ईनाम की रकम पांच लाख से ज्यादा नहीं होगी। गुरुवार को बिहार कैबिनेट की बैठक में निगरानी के इस प्रस्ताव को मंजूरी दी गई।

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Europe, US Markets Slump On Virus Fears, Global Slowdown Threat Looms

European and US stock markets slumped painfully again Thursday as new coronavirus infections spread outside China, exacerbating fears of a global slowdown.

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"Failure Of Leadership": Bernie Sanders On Trump's Delhi Clashes Response

A day after US lawmakers reacted sharply to the violence in the Indian capital, Democratic presidential candidate Bernie Sanders here accused US President Donald Trump of failing on the issue of human...

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Coronavirus rumours hit sales of egg, chicken

NEW DELHI | KOCHI: Top poultry companies in the country said sales of chicken and eggs have halved over the last few weeks, driven down largely by rumours that linked them to the coronavirus infection.BS Yadav, managing director of Godrej Agrovet, a compound animal feed company, told reporters on Thursday that the rumour has led to a 50% drop in consumption to 35-40 million birds a week, while prices have dropped by 70%.According to Yadav, the company’s poultry arm, Godrej Tyson Foods, too, has taken a hit—earning from its chicken business has fallen by 10-11% during the period. Godrej Tyson Foods is a joint venture between Godrej Agrovet and Tyson Foods-USA. It sells 600,000 fresh and frozen chicken every week.“We see a short-term challenge due to the coronavirus scare which has led to a drop in consumption of chicken in the country,” Nadir Godrej, chairman of Godrej Agrovet, said, referring to Godrej Tyson Foods.According to Yadav, the company has seen a 30-40% drop in sales in its branded chicken business. “In the last four-five weeks, we have seen 10-11% loss on earning in our chicken business. It’s not only companies, but farmers too who are making losses for the past 3-4 weeks, with a surplus building up,” he said.

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दिल्ली हिंसा ग्राउंड रिपोर्ट: भयावह मंजर...वीरानी और सन्नाटा, जैसे सीरिया का कोई इलाका हो

पथरीली सड़कें, टूटी छतें और जली दुकानें...। सीएए-एनआरसी के विरोधियों और समर्थकों के उपद्रव की काली दास्तां बयां करती दीवारें। कोल्ड ड्रिंक्स की बोतलें जिन्हें पेट्रोल बम के तौर पर हिंसा के दौरान इस्तेमाल किया गया।

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50 देशों में फैला कोरोनावायरस का कहर, 2,800 लोगों की मौत, 82 हजार चपेट में

कोरोनावायरस का कहर दुनिया के 50 देशों तक पहुंच गया है। एशिया और यूरोप के तकरीबन सभी बड़े देशों में इस बीमारी से पीड़ित लोग मिल रहे हैं।

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Google Celebrates Illustrator Sir John Tenniel's 200th Birth Anniversary

Today's Google Doodle celebrates illustrator and satirical artist Sir John Tenniel's birth anniversary. Born in London on February 28, 1820, he was knighted for his artistic achievements in 1893.

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Spinning Hearts And Breaking The Beard: Ashwin Shares His "Creative" CV

Ravichandran Ashwin is active on social media and his specific brand of humour often gets his fans involved.

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Vodafone Idea: DoT braces for the worst, weighs mobile number porting capacity

MUMBAI: Telecom department officials have asked India’s two mobile number portability (MNP) service providers on how many porting requests can they process in a day, as the government evaluates contingency options in the eventuality that Vodafone Idea doesn’t survive the adjusted gross revenue (AGR) crisis.Officials in the Department of Telecommunications (DoT) though say that the Plan A for the government is to make every effort to see that Vodafone Idea survives the present turmoil, and that India remains a three-private sector player market. On Friday, the Digital Communications Commission (DCC) – the highest decision-making body of the DoT – may discuss some steps on providing relief to stressed telcos such as Vodafone Idea.According to people aware of the developments, the government was informed that at the most 500,000 customers can be ported out each day on a combined basis by the two MNP providers—Syniverse Technologies India and MNP Interconnection Telecom Solutions India. Both companies did not respond to ET’s queries at the time of going to press.This capacity though may prove grossly inadequate to cater to over 300 million subscribers of Vodafone Idea, leading to severe service quality issues, as the potential recipients—Bharti Airtel and Reliance Jio—don’t have adequate capacity to immediately absorb the massive influx to their networks, say experts.74362580 A contingency plan in this case is a complex one since it will include how to ensure smooth port outs in bulks of thousands to the two remaining operators. “This will put tremendous strain on the systems. To handle bulk requests of so many million customers will be a big task and hence, a contingency plan needs to be in place,” said a person aware of the development. “Also, the telcos will have to discuss what are the charges acceptable to them to take in so many customers”.MNP refers to the facility allowing a user to switch telco operators without changing the mobile number. The recipient operator pays a fee to the MNP service provider for processing the request.“This will be a panic like situation… right now telcos are operating at 70-80% of network utilization. Without additional spectrum, despite all the spectrum farming (reusing 3G spectrum for 4G), splitting one-third subscriber market between two operators will be very difficult,” said SBICap Securities research head Rajiv Sharma.There have been reports that both rivals have started discussing on how to upgrade their network in case Vodafone Idea goes down. Jio has 370 million while Bharti Airtel has 283 million subscribers.Vodafone Idea has so far paid Rs 3,500 crore of the DoT’s estimated Rs 57,000 crore dues. The telco estimates its dues to be around Rs 23,000 crore. Experts say the cash-strapped carrier will find it difficult to pay even its own estimated dues in a short period of time.The telco has said it will be forced to shut down unless it gets some relief on its AGR dues. The government is considering, among others, setting up a stress fund for stressed telcos to draw from to pay off AGR dues and repay on easy terms, besides deferment of license fees and spectrum usage charge (SUC) for a substantial period to free up cash flows.On Wednesday, Vodafone Idea dispatched a letter to finance minister, DoT and Niti Ayog, calling on the government to allow it to pay AGR dues over 15 years, after a three-year moratorium. The telecom company has also asked for a tax refund to be adjusted against its dues, cuts in licence fees and SUC and the establishment of a floor for tariffs, among measures to help remain viable.The telco has also urged the DoT not to encash its bank guarantees against unpaid AGR dues, as that would force the telco to close down.Having already rejected a petition seeking review of its October 2019 order, which said AGR should include non-core items, the Supreme Court’s hearing of the modification on March 17, which is also the deadline for payment of dues, assumes critical importance.The telcos have asked in the modification pleas to be allowed to negotiate modalities and timelines for paying the AGR dues with the DoT.

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Coronavirus outbreak: Petrol, diesel set to get cheaper as crude oil hits 13-month low

NEW DELHI: Domestic rates of petrol and diesel, down about Rs 4 a litre since mid-January, are set to decline further as crude oil slumped to a 13-month low on Thursday to about $52/barrel on fears that the coronavirus outbreak may take a heavy toll on global economic growth and oil demand.Petrol is down Rs 3.74 a litre and diesel Rs 4.41 a litre since mid-January. In Delhi, petrol was priced at Rs 71.96 and diesel Rs 64.65 a litre on Thursday.State fuel retailers take 15-day moving average of international rates of fuels and factor in the exchange rate to calculate domestic prices of petrol and diesel daily. Fuel rates largely follow crude oil trajectory. Crude oil has tumbled 12% in eight days as several cases of coronavirus emerged from many countries. Oil is down a quarter since the beginning of the year.Falling oil prices are good for heavy energy consumer like India that imports 85% of its oil needs. Lower oil prices help keep inflation in check, reduce fuel subsidy, cut current account deficit and leave more resources in the hands of the state for public spending."For now, what we know for sure is that the month of February will record the worst oil demand contraction since the Great Recession. We also know that global aviation will be hit very hard across Asia and take months to get back in shape," S&P Global Platts Analytics said in a report. "In addition, we are aware that our best-case scenario-a V-shape recovery we last saw during the SARS-2003 outbreak-is already unachievable due to China's inability to go back to 'business as usual' at the beginning of February, and we project it will take another month for full normalisation."Coronavirus cases have jumped within and outside China. The US reported first such case while Germany, Italy, Japan, Korea, Greece and Iran reported a rise in such cases. Pakistan and Brazil too have detected such cases.Japan has ordered closure of all schools to stop the spread of virus while Saudi Arabia has halted religious visits. Governments and organisations have postponed several events while companies have begun warning of impact on earnings.Goldman Sachs has warned that US companies will generate no earnings growth in 2020 if coronavirus becomes widespread.

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Breakfast Recipe: Bored With Upma? Try This 'Namkeen Sooji' Instead

The only thing one needs to keep in mind while cooking namkeen sooji is to add the right amount of water to make it moist and fluffy (not lumpy as upma).

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दिल्ली हिंसाः परीक्षा देने निकली 8वीं कक्षा की छात्रा गायब, अपनों की तलाश में भटक रहे कई परिवार

उत्तर-पूर्वी दिल्ली में हिंसा के बाद कई लोगों ने जहां अपनी जान गंवा दी हैं वहीं, कई लोग लापता हो गए। 13 साल की कुसुम (बदला हुआ नाम) की सोमवार को खजूरी खास के स्कूल में परीक्षा थी। वह पेपर देने निकली थी, लेकिन अब तक उसका कोई पता नहीं चला है।

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दिल्ली हिंसाः आंखों से बह रहा उन्माद का दर्द, दिल्ली हिंसा की पीड़ित अपनों की याद में गमजदा

तीन दिन तक हिंसा की आग में जले उत्तर-पूर्वी जिले में गुरुवार को चौथे दिन भले ही शिव विहार में मामूली हिंसा को छोड़कर पूरे जिले मेें शांति रही, लेकिन जिन लोगों ने अपनों को खो दिया, उनके जख्म भरने में वक्त लगेगा।

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चीन : कोरोनावायरस के चलते घरों में कैद लोगों ने हफ्ते भर में डाउनलोड किए 22 करोड़ एप

चीन में फैले कोरोनावायरस के संक्रमण की वजह से वहां कारखाने बंद पड़े हैं। लोगों को पास काम नहीं है। डर के मारे लोग घरों में कैद है।

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दिल्ली हिंसाः भीम आर्मी समर्थकों की ओर से हुआ था पथराव, मिले अहम सुराग

भीम आर्मी ने सीएए के विरोध में 23 फरवरी को भारत बंद का आह्वान किया था।

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दिल्लीः बवाल के बाद आशियाना बचा न रोजगार, इसलिए छोड़ दिया शहर

हिंसा और आगजनी से दहशतजदा सैकड़ों परिवार उत्तर पूर्वी दिल्ली के इलाकों को छोड़कर दूसरे स्थानों पर जाने लगे हैं।

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दिल्ली-एनसीआर में आज से फिर बदलेगा मौसमः बारिश, ओलावृष्टि के आसार

दिल्ली-एनसीआर का मौसम शुक्रवार से फिर करवट ले सकता है।

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दिल्ली में हिंसाः गोली चलाने वाला शाहरुख अभी भी फरार, परिवार भी लापता

जाफराबाद में हुए उपद्रव के दौरान सरेआम पुलिसकर्मी पर पिस्टल तानने और आठ राउंड गोलियां चलाने वाला आरोपी शाहरुख अभी भी फरार है।

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अब देश का जो होगा उसके लिए हम अंग्रेजों को दोष नहीं दे सकते: मोहन भागवत

राष्ट्रीय स्वयंसेवक संघ प्रमुख मोहन भागवत ने गुरुवार को कहा है कि अब हमारा देश स्वतंत्र है और हमें अपने देश की रक्षा करनी है। साथ ही सामाजिक सद्भावना बनाए रखनी है क्योंकि अब जो कुछ भी अच्छा या बुरा होगा, उसमें हमारा ही योगदान होगा।

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बच्चों को प्रदर्शन में जाने से रोकने के लिए क्या कोई कानून है : मद्रास हाईकोर्ट

मद्रास हाईकोर्ट में जस्टिस एम सत्यनारायण और जस्टिस आर हेमलता की पीठ ने पूछा है कि क्या बच्चों को धरना-प्रदर्शन में शामिल होने से रोकने के लिए कोई कानून है?

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PNB Directed To Compensate For Debiting Rs 50,000 Without Intimation

A consumer forum has asked the Punjab National Bank (PNB) to pay compensation to a customer for deducting Rs 50,000 from his account without any intimation.

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"Failure Of Leadership": Bernie Sanders On Trump's Delhi Clashes Response

A day after US lawmakers reacted sharply to the violence in the Indian capital, Democratic presidential candidate Bernie Sanders here accused US President Donald Trump of failing on the issue of human...

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"POTUS And FLOTUS At Taj Mahal": Melania Trump Tweets Video Of Guided Tour

On returning home after a whirlwind trip to India, US First Lady Melania Trump shared moments from her visit to the Taj Mahal in Agra.

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US Lawmakers Condemn Delhi Violence, Express Concern

The deadly violence over the amended citizenship act in the Indian capital drew sharp reactions from US lawmakers with the mainstream media prominently reporting it along with the just-concluded visit...

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Delhi Violence Depicts "Grim Reality Of 1984 Riots", Says Shiv Sena

The Shiv Sena on Wednesday said the violence in Delhi is akin to a "horror film" depicting the grim reality of the 1984 anti-Sikh riots, and the "bloodbath" has brought disrepute to the national...

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GDP growth in Q3 likely to stay flat at 4.5%: Economists

NEW DELHI: India’s economy is likely to have grown at the same pace as in the third quarter at 4.5%, most independent economists said, though others expect growth to be a tad faster, based on a slight pickup in agriculture and government spending.“Our composite leading indicator (index of 33 major leading indicators) suggests that gross domestic product growth to remain flat at 4.5% as in Q3 of FY20,” said Soumya Kanti Ghosh, group chief economic adviser, State Bank of India.India’s economic growth slipped to a 26-quarter low of 4.5% in July-September from 5% in the first quarter.The statistics office lowered the FY19 GDP growth rate to 6.1% from the provisional estimate of 6.8% and has forecast 5% growth in FY20, its slowest pace in 11 years. The Economic Survey 2020 sees a recovery to 6-6.5% in FY21. “We were earlier anticipating a downward revision in FY20 growth rate from 5% to 4.6%,” Ghosh said.This downward revision, as per Ghosh, will have statistical benefits as it could push up FY20 GDP to 4.7%. “There is not much improvement. We have retained our full year GDP target at 4.7%,” said Upasna Bhardwaj, economist at Kotak Mahindra Bank.Manufacturing activity is likely to remain pressured and unlikely to better the 6.4% growth in the corresponding period the year ago. Falling growth seen in sales of commercial vehicles, railway freight traffic and cargo handled by civil aviation has also contributed to the projection being significantly lower. “There is no joy in the GDP story. Consumption could be slightly better because of PM-KISAN but there is no systematic improvement anywhere,” said IDFC First Bank chief economist Indranil Pan. 74327430 The Reserve Bank of India has cut policy rates by 135 bps since February, 2019, and the government reduced corporate rate tax to 22% in order to attract investment and boost growth.Despite these steps, indicators available till the quarter ended December, 2019, are not particularly robust, said Madan Sabnavis, chief economist at CARE Ratings.“The sharp decline in October and November seems to have been reversed in December,” said Devendra Kumar Pant, chief economist at India Ratings.

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Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing norms

New Delhi: Goods procured from units in special economic zones (SEZ) by single brand retailers, owned by foreign companies, would qualify for meeting the mandatory 30% local sourcing norms, the government said in a clarification.The Department for Promotion of Industry and Internal Trade (DPIIT) said goods which are proposed to be sourced by a single brand retailer from SEZ units will have to be manufactured in India.As per the foreign direct investment (FDI) rules, 100% overseas investment is allowed in the sector but sourcing of 30% of the value of goods procured is mandatory from India for such companies having FDI beyond 51%.SEZs, developed as export hubs, are treated as foreign territory in terms of customs laws. Procurement of goods and services from units in these zones are treated as imports.“As regards sourcing of goods from units located in SEZs in India, it may be clarified that sourcing of goods from such units would qualify as sourcing from India for the purpose of 30% mandatory sourcing from India for proposals involving FDI beyond 51%, subject to SEZ Act, 2005,” the department said in the clarification.The statement came in the wake of the government having received representations from various business entities seeking clarification whether sourcing of goods from units located in SEZs would qualify as sourcing from India as per the FDI policy.The department stated that compliance with all the conditions enumerated in the FDI policy and as notified under the Foreign Exchange Management Act (FEMA) would continue to be the responsibility of the manufacturing entity.In January 2018, the government allowed 100% FDI in the sector, permitting foreign players in single brand retail trade to set up own shops in India without government approval.74327360 INSURANCE INTERMEDIARIESSeparately, the department on Tuesday notified the government's decision to allow 100% FDI in insurance intermediaries. Intermediary services include insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third-party administrators, surveyors and loss assessors.In a press note, the DPIIT said 100% FDI is allowed in insurance intermediaries under the automatic approval route.The FDI policy earlier allowed 49% foreign investment in the insurance sector, which includes insurance intermediaries.As per the press note, the insurance intermediary that has majority share holding of foreign investors shall undertake measures including incorporation as a limited company under the provisions of the Companies Act 2013 and that at least one from among the chairman of the board of directors or the CEO or principal officer or MD of the company shall be a resident Indian citizen.It also said the intermediary shall take permission of the Insurance Regulatory and Development Authority (Irda) for repatriating dividend and not make payments to the foreign group or promoter or associate entities beyond what is necessary or permitted.

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दिल्ली में बवालः शव यात्रा निकालने के लिए भी मांगनी पड़ी पुलिस से इजाजत...

शिव विहार में उपद्रव का आलम यह था कि मृतकों के परिजनों को शव यात्रा निकालने के लिए भी पुलिस से इजाजत मांगनी पड़ रही थी।

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अमेरिका : विस्कॉन्सिन में बीयर बनाने वाली कंपनी में गोलीबारी, अब तक सात की मौत

अमेरिका के विस्कॉन्सिन प्रांत में बीयर बनाने वाली एक कंपनी में गोलीबारी की खबर है। बताया जा रहा है अब तक घटना में सात लोगों की मौत हो गई है।

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हाईकोर्ट ने पूछाः शहर जल रहा है, आखिर एफआईआर के लिए उपयुक्त समय कब आएगा

नागरिकता संशोधन कानून के खिलाफ उत्तर पूर्वी दिल्ली में भड़की हिंसा पर बुधवार को दिल्ली हाईकोर्ट सख्त है।

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119 Indians From Quarantined Japan Ship Land In Delhi On Air India Flight

A special Air India flight carrying 119 Indians and five nationals from Sri Lanka, Nepal, South Africa and Peru, who were on board the coronavirus-hit quarantined cruise ship Diamond Princess, landed...

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6, Including Gunman Dead, After Mass Shooting At Brewing Facility In US

Several people were killed Wednesday when a sacked former employee opened fire at the Milwaukee campus of brewing giant Molson Coors, with reports of up to six dead in addition to the shooter.

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On Bihar NPR Resolution, A Thank You From Prashant Kishor To Nitish Kumar

Poll strategist-turned-politician Prashant Kishore today thanked Bihar Chief Minister Nitish Kumar for keeping his promise on the National Register of Citizens (NRC) and the National Population...

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Women's T20 WC: India Look For Hat-Trick Of Wins As They Face New Zealand

A win against New Zealand will take India closer to a semifinal berth in the ongoing Women's T20 World Cup.

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दिल्ली बवाल: समय से फैसले लेने में चूके बड़े अफसर, पूर्व पुलिस आयुक्तों ने उठाए सवाल

उत्तर-पूर्वी जिले में हिंसा को शुरू से संभालने में पुलिस से चूक हुई है।

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दिल्ली दंगाः जिन स्कूलों में उपद्रवियों के बच्चे पढ़ रहे थे, उन्हें भी फूंका

उपद्रव करने वालों का न तो कोई धर्म होता है और न ही कोई जाति।

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दिल्ली हिंसा में 14 और लोगों की मौत, 250 से ज्यादा घायल, अदालतें सख्त, पुलिस पर उठाए सवाल

उत्तर पूर्वी दिल्ली में छिटपुट वारदातों को छोड़कर बुधवार को ज्यादातर इलाकों में शांति रही। हालांकि 14 और लोगों की मौत के बाद मरने वालों का आंकड़ा 27 हो गया है।

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मिशन वुहान : भारतीयों को आज लेकर आएगा मदद लेकर गया भारतीय वायुसेना का विमान

जानलेवा बीमारी कोरोनावायरस के केंद्र चीन के वुहान इलाके में फंसे भारतीयों को लाने के लिए भारतीय वायुसेना का एक विमान यहां से बुधवार को रवाना हो गया।

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हाईकोर्ट ने कहा, 10वीं, 12वीं की स्थगित परीक्षाओं के लिए स्थायी समाधान निकाले सीबीएसई

दिल्ली हाईकोर्ट ने बुधवार को सीबीएसई को निर्देश दिया कि वह 10 वीं और 12 वीं कक्षा की स्थगित बोर्ड परीक्षाओं के लिए स्थायी समाधान निकाले ताकि विद्यार्थियों को बार-बार परेशानी का सामना नहीं करना पड़े।

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आज रामपुर जेल में आजम खां से मिलने पहुंचेंगे अखिलेश यादव

सपा प्रमुख अखिलेश यादव बृहस्पतिवार को पार्टी के दिग्गज नेता और सांसद आजम खां से जेल में मुलाकात करने रामपुर पहुंचेंगे। 

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राम मंदिर निर्माण से पहले पुख्ता होगा सुरक्षा घेरा, चारों तरफ बनेगी पक्की दीवार

श्रीराम जन्मभूमि पर भव्य मंदिर बनाने से पहले पुख्ता सुरक्षा घेरा कसने की तैयारी है।

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सेना को पुलिस बलों के सैन्य वर्दी पहनने पर एतराज, बिक्री को लेकर नियम बनाने पर जोर

सेना ने केंद्रीय सशस्त्र पुलिस बल (सीएपीएफ) और राज्य पुलिस कर्मियों के युद्धक वर्दी पहनने पर चिंता जताई है।

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डोनाल्ड ट्रंप ने दिलाया भरोसा, भारत को एनएसजी में शामिल करने का समर्थन करेगा अमेरिका

अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने भारत यात्रा के दौरान भरोसा दिलाया कि अमेरिका परमाणु आपूर्तिकर्ता समूह (एनएसजी) में भारत को जल्द शामिल करने का समर्थन करेगा।

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"Does Not Make Sense": Kapil Dev Questions India Team Selection

Former India skipper Kapil Dev has criticised Team India following their 10-wicket loss in the first Test in Wellington.

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दिल्ली में आज हालात सामान्य, सभी मेट्रो स्टेशन खुले, मृतकों की संख्या बढ़कर 17 हुई

दिल्ली हुई हिंसा के बाद आज हालात सामान्य हैं। बुधवार को दिल्ली के सभी मेट्रो स्टेशन खोल दिए गए हैं। सीएए के विरोधियों और समर्थकों के बीच रविवार से भड़की हिंसा ने मंगलवार को उग्र रूप धारण कर लिया। अब तक 13 लोगों की मौत हो गई, जबकि 186 लोग घायल हैं।

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17 Dead In Delhi Clashes, NSA Ajit Doval Visits Violence-Hit Areas

The number of deaths in the violence in Delhi has risen to 17.

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JNU, Jamia Students Protest Near Arvind Kejriwal Home, Water Cannons Used

Delhi Police today dispersed the crowd of people, who had gathered outside Chief Minister Arvind Kejriwal's residence, on the intervening night of Tuesday and Wednesday demanding action against...

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दिल्ली हिंसा: हाईकोर्ट में आधी रात सुनवाई, घायलों को बड़े अस्पताल में भर्ती कराने का आदेश

नागरिकता संशोधन कानून (सीएए) को लेकर देश की राजधानी दिल्ली में हुई हिंसा के मामले में दिल्ली हाई कोर्ट में आधी रात को सुनवाई हुई। जस्टिस एस. मुरलीधर के घर पर मंगलवार देर रात हुई।

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Groups Gather At Arvind Kejriwal's Residence Seek Action Against Protests

Alumni Association of Jamia Millia Islamia and Jamia Coordination Committee on Wednesday organised a demonstration outside Delhi Chief Minister Arvind Kejriwal's residence, seeking action against...

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Ensure Safe Passage Of Wounded: Court To Delhi Cops In Midnight Order

In a late-night hearing, the Delhi High Court asked the police to ensure safe passage and emergency treatment for those injured in the unprecedented violence in the capital since for the last three...

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Iran's Deputy Health Minister Says He Has Coronavirus

Iran's deputy health minister confirmed on Tuesday that he has tested positive for the new coronavirus, amid a major outbreak in the Islamic republic.

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RBI's gradual shift from transparency to forbearance towards stressed sectors

In November 2013, the then central bank Governor Raghuram Rajan had warned banks against dressing up loans, likening the practice with “putting lipstick on a pig” (that) “will not make a princess.” His stance marked the beginning of the end of forbearance. Rajan’s successor Urjit Patel, too, continued with the tradition of nixing proposals that kicked the can down the road.But the new RBI regime under Shaktikanta Das has been different. It has already allowed banks to extend the MSME loan recast scheme and allowed restructuring of loans to the real estate sector.“The RBI announcement of forbearance towards stressed sectors signifies a gradual shift away from the regulator’s earlier efforts to enhance the quality and transparency of asset classification in the Indian banking system,” said Saswata Guha, director, financial institutions, Fitch Ratings. “There is a risk that such regulatory forbearance will perpetuate moral hazard, as it follows aggressive lending growth and risk-taking in certain sectors.”Indian banks have a poor track record with restructuring. The RBI’s asset quality reviews in FY16 and FY18 found that a dominant share of loans restructured after FY12 degraded into non-performing loans (NPLs), according to a Fitch analysis.BLOW HOT, BLOW COLD“You are encouraging bad behaviour by supporting it and demoralising the ones with good behaviour; this is akin to farm loan waiver that leads to bad credit behaviour,” said Kuntal Sur, partner – financial risk & regulation, PwC. “This is nothing but kicking the can down the road, this should not be encouraged.”The concept of regulatory forbearance arose when the RBI allowed project loans to retain their standard asset classification on extension of their repayment schedule in May 1999. This was extended to treatment of restructured accounts in March 2001 under the Corporate Debt Restructuring (CDR) mechanism, for restructuring of debt without the need for an asset quality downgrade if the restructuring plan met certain conditions. For years, asset quality forbearance was used more as a tool for avoiding recognition of defaults and less for their effective resolution.In 2008-09, after the global financial crisis, the RBI agreed to forbear on certain kinds of stressed loan restructuring, hoping that this was a temporary need pending stronger growth. Unfortunately, for a variety of reasons, the stress has not been temporary, and growth in these sectors has proved elusive. This regulatory forbearance was made available to all types of loan restructuring except commercial real estate exposures, capital market exposures and personal and consumer loans.Since 2008, RBI relaxed norms for restructured loans several times and allowed lower provisioning for select categories of loans. Its regulatory relaxations prevented a rise of nearly Rs 90,000 crore in NPAs. These relaxations include allowing unsecured loans to microfinance companies to be restructured in 2011, and allowing second restructuring of loans on a case-to-case basis. State electricity boards and the aviation sector are two notable examples wherein loans were restructured for a second time, but were not classified as non-performing assets. But, in May 2013, the RBI announced the decision to withdraw forbearance on asset classification effective April 1, 2015. Shortly after this, the RBI began its Asset Quality Review (AQR) exercise to determine the “real” stock of the bad loan problem.After the RBI undertook the AQR that led to recognition as NPA of several loans, which banks had then considered to be standard assets, NPAs went up from 4.62% in 2014-15 to 7.79% in 2015-16, and were as high as 10.41% by December 2017.However, in the wake of mounting NPAs, the RBI allowed asset classification benefits for certain types of restructuring schemes. These included Strategic Debt Restructuring (SDR), Flexible Structuring of Project Loans and the Scheme for Sustainable Structuring of Stressed Assets (S4A).74310653 HARD TIMESA revival in GDP growth rate is key to the Indian economy, which has slowed to an 11-year-low of 4.5% in the September quarter. Bank of America’s India Activity Indicator slipped to 3.1% in December from 4.5% in November. The Index of Industrial Production for December shrunk to 0.3% while retail inflation rose to 7.59% in January.“It is not surprising in the current weak operating environment and is in line with a recent trend to weaken asset recognition standards,” said Guha of Fitch. “These extensions are only likely to defer asset-quality pressures unless there is a sustained improvement in macroeconomic conditions. Most of these sectors have had above-average lending growth in the last few years, either directly or indirectly via non-banks, and could be at risk were the economy to slow. Moreover, these measures are unlikely to support sustainable credit growth until capitalisation improves meaningfully across banks, in particular among state-owned banks, which account for nearly twothirds of the sector’s assets.”The MSME sector accounts for over 28% of GDP, more than 40% of exports, while employing approximately 110 million people. The outstanding banking sector credit to MSMEs was Rs 15.11 lakh crore while its gross NPAs were 5.8% of the total credit. Likewise, the real estate sector has been in trouble for quite some time and is the primary reason behind the sustained nonbank lending crisis.“In extreme situations, the economic value of not taking any action is too high,” says Sur. “If you look at the government’s perspective, we are in a slow growth phase; if you allow further defaults, the negative impact could bring down the growth further.”Some believe that difficult times warrant some degree of forbearance, some hand-holding to performing and otherwise viable units in tiding over temporary difficulties. But even RBI data shows that restructuring has been often used by banks for ‘evergreening’ problem accounts, thereby just postponing the recognition of a problem.“Forbearance may be a reasonable but risky regulatory strategy when there is some hope that growth will pick up soon and the system will recover on its own,” Rajan had said in July 2016. “Everyone – banker, promoter, investors, and government officials – often use such a strategy because it kicks the problem down the road, hopefully for someone else to deal with. The downside is that when growth does not pick up, the bad loan problem is bigger, and dealing with it is more difficult.”INSOLVENCY RESOLUTIONCentral bankers on many occasions in the past have said that restructuring schemes were required because India did not have an effective bankruptcy law in place. In 2016, the Insolvency and Bankruptcy Code, 2016 (IBC), which is a comprehensive bankruptcy code, was enacted and notified. The Code envisages timely resolution of borrower defaults through collective decision making by the creditors. But, the success of the law is yet to be proven.“The general approach of bankers to stress in large assets has been one of avoiding the de jure recognition of non-performance of such accounts,” NS Vishwanathan, RBI deputy governor, had said earlier. “This is why we have a history of a large number of cases of failed restructuring as the schemes were used for avoiding a downgrade rather than resolving the asset. Prolonging the true asset quality recognition suited both the bankers and borrowers.”As per the latest data from the Insolvency and Bankruptcy Board of India, 58% of all closed cases under bankruptcy to date were via liquidation while only 14% of cases were resolved with an average haircut of nearly 57% on admitted claims.ENCOURAGE GOOD BEHAVIOUR“Good practices should be encouraged so that there is incentive toward credit discipline. What is the guarantee if the economy goes from bad to worse, these loans will be repaid,” says Sur. “Banks have taken excessive risk in the past which is why we are seeing encouragement of bad behaviour.”While many say that the RBI move is intended to improve monetary transmission, provide credit support to fields that have multiplier effects within the wider economy, the regulator should also bring in rules to reward those with better credit discipline. The regulator is also aware of the risks that the relaxations bring in, but places the onus on banks to ensure that their books don’t have a hole.“Sector-specific pockets of stress need policy attention,” Governor Das said at a conference this week. “At the same time, proper due diligence and risk pricing in lending are of prime importance so that the health of the banking sector is not compromised while ensuring adequate flow of credit to productive sectors of the economy. Timely mitigation measures like faster resolution, better recovery, etc, need to be continued to bring down gross nonperforming assets.’’

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Rajasthan plans to set up 30,000 MW solar capacity in 5 years

Jaipur: Rajasthan plans to set up 30,000 MW of solar power plants in next five years and is in talks with leading private and state-run companies to develop energy parks, the state’s energy minister BD Kalla told ET.This will add to an already installed capacity of around 50,000 MW in the state, he said.“We have come up with a new solar policy in which we are giving a host of incentives, including relaxations in stamp duty, electricity duty and transmission and wheeling charges. We are also allowing banking of energy for captive consumption and third-party sale on yearly basis,” Kalla said.Recently, the Centre allocated Rajasthan a 25,000 MW ultra mega renewable energy park. The state government has identified land bank of 125,000 hectares in three districts — Bikaner, Jaisalmer and Jodhpur—for this park.“This park would solely be developed by central public sector units engaged in solar power generation,” said Ajitabh Sharma, principal secretary at Rajasthan’s energy department and chairman of Rajasthan Renewable Energy Corporation, the state’s nodal agency for renewables.“However, we want to promote both private and public sector equally in Rajasthan, which is also one of the objectives of solar policy. Let us first evaluate the proposition of the ultra mega energy park,” Sharma said.He said of the 30,000 MW—the target Rajasthan has set for next five years—the state is looking to install solar plants of 10,000 MW in next three years in the first phase. “We are in talks with many PSUs including NHPC, NTPC, PFC, Tehri Hydro Power and Sutlej Jal Vidyut among few others. While NTPC is looking for 5,000 MW, others are aiming at 1,000 MW each,” he said.

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Cheaper 5G phones on their way: Realme

NEW DELHI: Chinese handset maker Realme is planning to launch 5G smartphones across price points for the Indian market besides 20 new products and expects to double its revenue in the country to Rs 30,000 crore in 2020, its top official said.The company is planning to launch smart TV, smart bands, smartwatches, and other connected ecosystem products, with the newer categories expected to contribute Rs 3,000 crore or 10% to overall sales by this year end, Realme's CEO Madhav Sheth told ET.Realme India clocked Rs 14,700 crore in sales in 2019, having sold 15 million smartphones which it wants to take up to 30 million units in 2020.The executive also denied any major disruption in its handset supply chain for the Indian market. He added that the company has already factored in the possible delay in component supplies in these new launches.“Had there been an impact, we would have delayed launches. Factories have resumed operations in China and things are getting normalised,” he added.

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Refrain From Acts Sending "Wrong Message": Delhi BJP Chief To Party

Delhi BJP president Manoj Tiwari appealed to all the party leaders on Tuesday to work towards establishing peace in the national capital and not to do anything that causes "confusion" and sends a...

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Honor Magic Earbuds Go Official With Hybrid Active Noise Cancellation Tech

Honor has launched new true wireless earbuds – the Honor Magic Earbuds – that come with capacitive gesture support and hybrid active noise cancellation technology.

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Trade deal with tariff king India by year-end: Trump

NEW DELHI: US President Donald Trump on Tuesday indicated that the much-awaited “big trade deal” with India could be concluded towards the end of the year, while reaffirming his stand that India charges the “highest tariffs”.Addressing a press conference after official talks, Trump referred to the impending trade deal, saying it was within grasp. “If the trade deal happens with India, it will be towards the end of the year,” he said in response to a question.“Our teams have made tremendous progress on a comprehensive trade agreement, and I am optimistic we can reach a deal that will be of great importance to both countries,” he said.However, Trump did not hide his disappointment when he said India probably levies the highest tariffs in the world. “Harley-Davidson has to pay tremendous tariff when they have to sell in India. Look, the US has to be treated fairly.”The two countries had initially planned to sign a ‘mini trade deal’ in time for Trump’s visit, but that proved elusive.I’m Not Going to Be Controversial, Says TrumpInstead, both sides are now aiming for a bigger package, including possibly a free trade agreement.74310321 The US President refrained from making any comments on the ongoing CAA-linked violence in Delhi. “I will leave that for India to deal with.”But he said he did raise the issue of religious freedom. “And let me tell you, I had a very powerful answer from the Prime Minister. They have 200 million Muslims in India.”While he appeared frustrated over Indian tariffs, Trump was all praise for growing Indian investments in the US. “At the CEO roundtable, many expressed their desire to invest in the US. We had a great time in India. The countries signed a $3-billion chopper deal.”The President said an Indian steel magnate is setting up a $1-billion steel plant in Alabama. This will come in handy for Trump, who is seeking re-election in November.“If I were not elected, the aluminium industry in the US would have been dead. The steel industry would have been dead too,” Trump told Indian industrialists in a separate meeting.Trump, the fourth US President to visit the country since 2000, said India is going to be a major player in the next 50-100 years. “India is going to have a phenomenal future.”In the same context, he referred to his chemistry with PM Modi. “We had a great time. We had great meetings... This is a tremendous country. I think they like us more than they ever liked us. There is a great relationship between the Prime Minister and myself.”The $3-billion defence deal drew praise from the US President on several occasions, including at the press meet. “India is buying a lot of defence hardware,” he said.“I am not going to be controversial... I don’t want to blow the two days plus two days of travel on one answer, one little answer... So I will be very conservative in my answers, if you don’t mind,” Trump said at the beginning of the interaction with press persons.

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Great Wall Motors plans SUVs to target India's mass market

MUMBAI: Great Wall Motors, China's largest SUV maker, is planning to accelerate its way into India’s mass-market sports utility vehicles, priced from Rs 10 lakh to Rs 20 lakh.The automaker plans to roll out its first vehicle by the first quarter of 2021, within a year of acquiring the Talegaon factory from General Motors. This would be followed by an electric vehicle and mid-size SUVs by 2022-2023, said several people in the know.Great Wall will be introducing SUVs under its mass-market Haval brand. First off the block will be a mid-size C segment SUV to rival the MG Hector and Tata Harrier, followed by a premium electric SUV to challenge the MG Motor E-ZS and Hyundai Kona.The core of the offering for Haval in India is the emerging market B SUV platform which has been designed keeping India in mind. The company is likely to have a sub-4-metre version as well as a 4.2-metre version of the platform.As stated before, the company plans to start manufacturing in India in 2021 and plans to have a portfolio of products across all SUV segments, Great Wall Motors India director (marketing & sales) Hardeep Brar told ET.“With an overwhelming response received at the 2020 Auto Expo post showcasing the brand Haval and our product strength, we are excited to lay a solid foundation for India,” said Brar, while refusing to share specifics around timelines and product strategy. To be sure, the aggressive stance of the company can be clearly seen in the fact that post the India entry announcement ahead of the Auto Expo, it acquired GM’s Thailand plant too. These are part of its global expansion plan.This also happens at a time when the Chinese market has started to witness a significant slowdown after years of strong double-digit growth. Great Wall felt the need to de-risk itself from slowing domestic market.“The Haval brand will be only for the SUV segment, and it will be a top-down approach the company intends to adopt,” said a person aware of the company’s plans. While the immediate focus is on the Indian market, it is expected that the company will be using the facility here as a base to export.

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Focus on property registration in Ease of Doing Business push starting off with metropolitans

New Delhi: The government is working on improving the business climate, particularly ease of registering property, in Kolkata and Bengaluru because these two cities will be considered – along with Delhi and Mumbai – when the World Bank prepares its next Ease of Doing Business report.Officials at the departments of promotion of industry and internal trade (DPIIT) and land resources held a meeting with officials of West Bengal, Karnataka, Maharashtra and Delhi last month to discuss various reform measures to improve ease of doing business, a senior government official said.74310310 “A meeting was held to review progress under ease of doing business — registering property in Delhi and Mumbai, and to take up initiatives on various reform measures in Kolkata and Bengaluru on priority,” the official said.The World Bank is due to release the Doing Business 2021 report in October.India’s position in the Ease of Doing Business Rankings for 2020 had improved 14 places to 63 among 190 countries. The country’s ranking on ease of registration of property parameter was a lowly 154, though better than the previous year’s 166.Hence the push to ease property registration.The idea is to digitise and integrate all records relating to titles or encumbrances and make data available on a single portal in Kolkata and Bengaluru, a second official said. “As part of the exercise to reduce number of procedures and time required, we are also working to create digitised land records, cadastral maps, municipal records and utility bills.”There is a plan to register and map all privately held land plots and define timelines for changes in cadastral maps and obtain record of rights under Public Service Delivery Guarantee Act to make it easier to register property in the two cities, the official said.To make it easier to register property, DPIIT and the land resources department are in talks for complete cadastral mapping of all plots, timely disposal of property disputes, and making statistics of land disputes public. An integrated portal for verification of title and encumbrances and a simultaneous action plan to enact Land Titling Bills for all the four cities of Mumbai, Delhi, Kolkata and Bengaluru, are also being considered.This is part of the government’s action plan to make India break into top 50 in the World Bank's annual Ease of Doing Business ranking, which ranks countries on business environment based on ten parameters.

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मुरादाबादः सड़क हादसे में राणा शुगर मिल के पांच कर्मियों की मौत, तीन घायल

रामपुर के शाहबाद में बुधवार की सुबह बोलेरो और बरात की बस में टक्कर के बाद बुलेरो में सवार चीनी मिल के 5 कर्मियों की मौत हो गई और 3 घायल हो गए।

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मई तक काबू में नहीं आया कोरोनावायरस तो रद्द किया जा सकता है टोक्यो ओलंपिक 2020

अगर मई अंत तक कोरोनावायरस पर काबू नहीं पाया जाता है तो ओलंपिक खेल रद्द किए जा सकते हैं।

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स्वाइन फ्लू की चपेट में सुप्रीम कोर्ट के छह जज, संक्रमण रोकने को डिस्पेंसरी बनाने का फैसला

सुप्रीम कोर्ट के छह जज एच1एन1 वायरस (स्वाइन फ्लू) की चपेट में आ चुके हैं। जस्टिस डीवाई चंद्रचूड़ ने अपनी अदालत में वकीलों को यह जानकारी दी।

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दिल्ली में दंगाः स्पेशल ब्रांच ने कपिल मिश्रा के ट्वीट के बाद ही दे दिए थे हिंसा के इनपुट्स

दिल्ली पुलिस की स्पेशल ब्रांच ने उत्तर-पूर्वी जिले में हिंसा होने के इनपुट्स पहले ही दे दिए थे।

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दिल्ली हिंसा में एफआईआर की मांग वाली याचिका पर सुप्रीम कोर्ट में आज होगी सुनवाई

संशोधित नागरिकता कानून (सीएए) को लेकर दिल्ली में हुई हिंसा के खिलाफ एफआईआर दर्ज करने की मांग वाली पूर्व सीआईसी वजाहत हबीबुल्ला की याचिका पर सुप्रीम कोर्ट मंगलवार को सुनवाई के लिए तैयार हो गया।

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दिल्ली हिंसा: धर्म की पहचान कर हमला कर रहे थे उपद्रवी, पुलिस ने किया मायूस

उत्तर-पूर्वी दिल्ली में जगह-जगह धुएं के गुबार उठ रहे थे. शोर-शराबे और भीड़ की नारेबाजी के बीच गोलियों और आंसू गैस के गोलों की आवाजें गूंज रही थीं।

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विदेशी मीडिया में ट्रंप की भारत यात्रा, मोदी को बताया अमेरिकी राष्ट्रपति से बड़ा राष्ट्रवादी नेता

विदेशी मीडिया में अमेरिकी राष्ट्रपति ट्रंप के भारत दौरे को विस्तृत जगह दी गई। ऑनलाइन संस्करणों में जहां अधिकतर समाचार समूह ने लाइव कवरेज दी।

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दिल्ली दंगाः पुलिस का पांच युवकों को पीटते हुए विवादित वीडियो आया सामने

पूर्वी दिल्ली में हिंसा के दौरान पुलिस का एक विवादित वीडियो सामने आया है।

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यूएन भाषण में जम्मू-कश्मीर के मानवाधिकार का मुद्दा उठाने की तैयारी में पाकिस्तान

भारतीय प्रतिनिधि विकास स्वरुप, सचिव (पश्चिम) यूएनएचआरसी को 26 फरवरी को संबोधित करेंगे और उम्मीद है कि वह पाकिस्तान के आरोपों का जवाब देंगे।

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Northeast Delhi Tense Day After 5 Killed In CAA Clashes Amid Trump Visit

Northeast Delhi continues to see intense violence this morning a day after protesters for and against the controversial citizenship law clashed and threw stones at each other, set vehicles and shops...

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Policeman Killed In Delhi CAA Clashes Was Peace-Loving Father Of 3

The death of Delhi Police head constable Ratan Lal on Monday during a clash between pro- and anti-CAA groups in east Delhi has shattered his family. What was their father's mistake, his children asked...

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After A Four Seasons Breakfast, Harvey Weinstein Heads To Dank Jail

Harvey Weinstein's day began with expensive coffee and Acqua Panna mineral water at a breakfast meeting with his lawyers in a Four Seasons hotel near Manhattan's criminal courts.

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दिल्ली में तीसरे दिन उपद्रव जारी, ब्रह्मपुरी-मौजपुर में फिर हुई पत्थरबाजी, 45 जगह आगजनी

दिल्ली के ब्रह्मपुरी और मौजपुर इलाके में तीसरे दिन भी पत्थरबाजी और हिंसक प्रदर्शन जारी है।

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Day After CAA Clashes, Delhi Cops Warn Of Traffic Jam. Avoid These Roads

The Delhi Traffic Police have issued an advisory to commuters to avoid some roads and warned of heavy traffic jams "owing to security reasons". Clashes broke out in northeast Delhi areas on Monday...

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Content, tech companies back separate body, but telcos want regulation

KOLKATA: Telecom carriers and content/ technology companies have sparred over tighter enforcement of net neutrality rules, with the likes of Bharti Airtel calling on the government to reorient its position about the open internet with the advent of 5G, and urged application of net neutrality rules on content providers such as Netflix.In their submissions to the telecom regulator on contours of reasonable internet traffic management practices, content players and technology companies backed an independent and powerful multi-stakeholder body (MSB) that can work closely with the Department of Telecommunications (DoT) and Telecom Regulatory Authority of India (Trai) in monitoring the application of net neutrality regulations.Telcos, by contrast, want light touch regulation, with Reliance Jio Infocomm backing Bharti Airtel in saying there’s no real need to establish an MSB as net neutrality rules are part of licensing conditions enforced by DoT.“A one size fits all approach has become obsolete in the 5G context, and the policy on net neutrality needs to be reconsidered and aligned with the principles and standards of 5G,” Airtel said in its submissions to Trai. 74292752 Investments in 5G, it said, would depend on enabling regulatory provisions, which would help in unlocking the full potential/ benefits of these newer technologies.Airtel also rued that no steps had been taken by the government yet to apply the net neutrality rules on content providers and mobile apps despite the power these entities wield in the internet ecosystem. “Netflix has admitted in the past they were throttling their content on AT&T and Verizon’s networks,” Airtel said.US browser maker Mozilla Corp though called for stringent enforcement of net neutrality rules.“A truly empowered and diverse multistakeholder advisory body would go a long way in cementing India’s position as a leader in net neutrality regulation globally,” the company said.It also called on Trai to emulate the Body of European Regulators for Electronic Communications (BEREC) model to “determine and measure (the extent) of net neutrality violations’’.Software services body Nasscom also wants the proposed MSB to make “non-discrimination of content a top priority,” and boost public awareness levels about the benefits of net neutrality, besides balancing matters such as “accessibility of services, consumer rights and expectations”.Airtel though strongly discouraged the need for an MSB, saying net neutrality principles are already part of a telco’s licensing norms, and DoT is fully empowered to ensure compliance.“If it’s (still) decided to establish an MSB, it should be mandated to advice DoT on enforcing net neutrality principles on entities, other than telecom/internet service providers, such as content providers, device makers, browsers who also have significant impact on internet traffic,” Airtel said in its submissions to Trai.Jio backed Airtel, saying DoT, instead of creating an MSB, should consult an existing industry-led body that can play an active role in assisting it in monitoring and enforcing net neutrality functions, especially since the department intends to retain the monitoring and enforcement functions on this score.Back in August 2017, Trai had recommended a free and open Internet and had even suggested monetary penalties for violation of net neutrality rules, starting at Rs 50,000 per violation per day but capped at Rs 50 lakh. Further, it had mooted an MSB comprising telcos, internet service providers, content providers, civil society organisations and consumer representatives to detect violations.In August 2018, DoT endorsed Trai’s recommendations but said actual monitoring and enforcement of the rules would remain with it, and that the proposed MSB would play only an advisory role.

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Gaana tops audio streaming charts with 30% share

MUMBAI: Gaana, the music streaming service owned by Times Internet, has emerged as the leader in the category with a 30% market share in January, according to OTT Audience Measurement Insights, a passive, continuous audience measurement service.Gaana was ahead of competitors including JioSaavn (24%), Wynk and Spotify (15% each), and Google Play Music (10%), in the music streaming space last month, according to the first OTT Audience Measurement Insights report. All other music services, including Amazon Prime Music and YouTube Music, put together had a 7% market share."Happy to note that the Kantar report reinforces the fact that Gaana is the clear market leader in audio OTT,” said Prashant Agarwal, CEO - Gaana.“As the industry leader, we have constantly innovated on the user experience to appeal to the first-generation mobile internet user and gained a deep understanding of the Indian music lover’s preferences that will now help us onboard the next quarter-billion Indians from tier II and tier III cities onto the music streaming bandwagon.”The OTT audience measurement service has been launched by WPP-owned media measurement platform Kantar and audience measurement technology company VTION. The report is based on data collected from more than 9,000 mobile users in the country’s top nine cities (Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad and Lucknow/Kanpur). It covered male and female users aged 18 years and above.74292884 Gaana’s top markets in January were Mumbai, Delhi, Bengaluru and Ahmedabad, while for JioSaavn, Hyderabad, Kolkata, Lucknow/Kanpur and Mumbai were the core markets.Listeners spent 63 minutes per day on Gaana, 49 minutes on Jio Saavn and 40 minutes and 39 minutes per day on Google Play Music and Wynk, respectively.Times Internet is owned by BCCL, which also publishes The Economic Times.“Today, the listeners are spoilt for choice as far as content consumption is concerned and move across the platforms to fulfil their entertainment needs,” said Hemant Mehta, the managing director of the Insights Division and chief strategy officer at Kantar South Asia.Mehta said the OTT Audience measurement will provide insights on listening habits across devices, age groups, peak times, and genres. “Our joint initiative with VTION has provided the industry with the much-needed metrics that will ultimately help the marketers understand the consumer profiles, their content and platform preferences required for effective communication planning and implementation,” Mehta added.“We believe that a well-defined and unbiased independent measurement system will catalyse growth even more as marketers, platform owners and content owners will be able to drive relevance, programme meaningfully and target audiences effectively,” VTION founder and CEO Manoj Dawane said.The two companies will release monthly reports for some time, gradually shifting to a weekly model. Starting April, they plan to release similar data for video streaming services. “We plan to offer OTT insights similar to what BARC India offers for TV,” Mehta said.

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Bidders get till March 6 to pose queries on Air India stake sale

NEW DELHI: The government has extended the time till March 6 for bidders to pose additional queries regarding sale of its 100% stake in Air India. The government has issued the first set of clarification on Air India disinvestment answering queries of interested bidders on the 'confidentiality undertaking' listed out in the Preliminary Information Memorandum (PIM) issued on January 27.The last date for submission of written queries on PIM and Share Purchase Agreement (SPA) was originally set at February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued a set of 20 clarifications on the queries raised. The additional time period for submission of written queries on PIM and SPA is till March 6, 2020, the DIPAM said.The government in January restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Limited and 50 per cent in Air India SATS Airport Services Private Ltd.The last date for putting bids is March 17 and interested bidders for Air India should have a net worth of Rs 3,500 crore.After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, the government had offered to sell its 76% stake in the airline.Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286.5 crore, while the rest would be transferred to Air India Assets Holding Ltd (AIAHL), the special purpose vehicle. As a precursor to Air India sale, the Cabinet in February 2019 approved setting up AIAHL to transfer Rs 29,464 crore worth loans of the national carrier and its four subsidiaries — Air India Air Transport Services (AIATSL), Airline Allied Services (AASL), Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India (HCI).

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"Melania Trump Asked About Mud Pack Treatment": Taj Mahal Tour Guide

The architectural grandeur of 17th century Taj Mahal and the story of its construction by Mughal Emperor Shah Jahan left US President Donald Trump "impressed" during his visit to Agra, the guide who...

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Ram Niwas Goel Re-Elected Unanimously As Delhi Assembly Speaker

Senior leader of Aam Aadmi Party (AAP) Ram Niwas Goel was on Monday unanimously re-elected as the Speaker of Delhi Assembly.

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India, US To Sign Defence Deals Worth $3 Billion: Donald Trump

India and the United States will sign two defence deals worth $3 billion in Delhi on Tuesday, US President Donald Trump said on Monday.

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Top government officials urge Trai to fix floor tariffs soon

NEW DELHI: Officials at the highest levels of the government have nudged the Telecom Regulatory Authority of India (Trai) to expedite fixing of a floor for tariffs, a move considered crucial by all operators for restoring the long-term viability of the telecom sector.“The regulator is being pushed to soon come out with a floor price, once the consultation completes this month,” a senior government official told ET.Prodded by the sector and the government to come up with a floor price, a reluctant Trai in December floated a consultation paper to fix a floor price for voice and data services on telecom networks. It, however, warned that such an exercise has historically been termed ‘market distorting’ by economists. It also called the move “anti-consumer”. The deadline for filing comments and counter comments has been extended till February 28 and March 13, respectively.Telcos like Bharti Airtel have said that average revenue per user (ARPU) needs to go up initially to Rs 200, and eventually to Rs 300, for which a floor price was needed. Telcos and experts say setting a floor price is expected to hasten revenue recovery at the sector, thus giving confidence to lenders and investors about the sector’s viability, say experts.The push for floor pricing comes with Vodafone Idea struggling to generate funds to pay its adjusted gross revenue (AGR) dues by the March 17 deadline set by the Supreme Court. The government is considering offering soft loans to stressed telcos, besides other steps, but there is a debate on who will fund this loan.At an inter-departmental meeting on Sunday, finance ministry officials suggested that banks should offer loans on easy terms to Vodafone Idea to help meet the AGR dues, officials involved in the discussions said.The finance ministry was against using the Rs 51,000-crore lying in the Universal Services Obligation Funds (USOF) kitty, or using the consolidated fund of India — as proposed by telcos — that would drain the government of any finances. Telcos contribute 5% of their AGR — which is part of the 8% licence fee — towards USOF.74292738 “But banks would obviously be jittery, given Vodafone Idea’s market cap is far lower (Rs 11,149.33 crore at Monday’s close of trading) than its dues worth Rs 57,000 crore (as per the government’s estimates),” a senior government official told ET.Vodafone Idea’s own estimates have pegged its AGR dues at around Rs 23,000 crore, of which Rs 7,000 is the principle. It has paid only Rs 3,500 crore so far.

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NPPA tells chief secys to keep tabs on API availability

New Delhi: India’s drug pricing regulator has asked state governments to closely monitor availability of active pharmaceutical ingredients (APIs) and formulations as part of efforts to ensure that there is no shortage of bulk drugs in the backdrop of the coronavirus outbreak.In a letter to the chief secretaries, the National Pharmaceutical Pricing Authority (NPPA) has asked them to ensure that there is no violation to the provisions of the Drug Pricing Control Order (DPCO) with regard to compliance of selling price. 74292740 “In that case, necessary action will be taken,” the letter dated February 20 said, reflecting the government’s determination to curb possible black marketing and hoarding. ET has reviewed the letter.The regulator has also asked chief secretaries to closely monitor availability of APIs as a measure of public health preparedness in respect of APIs, intermediates and key starting materials which are imported from China. APIs are the key raw materials used for making pharmaceutical formulations like tablets, capsules and syrups.“Chief secretaries have been asked to monitor companies are complying with the selling price too,” a senior official told ET.On February 19, government think tank Niti Aayog had held a meeting with top drug makers and policy makers to discuss options for domestic manufacturers of critical APIs in which India is dependent on imports. To attain self-sufficiency in bulk drugs and reduce dependence on China, it was suggested that production capacity should be built for 58 APIs on which India is significantly dependent on China.According to data available with the Pharmaceutical Export Promotion Council (Pharmexcil), the cost of paracetamol has gone up from Rs 250-300 a kg to Rs 400-450. Similarly, “montelukast sodium (anti-asthmatic drug) is trading at Rs 52,000-58,000 per kg, compared with Rs 33,000-38,000 a few months ago,” said Dinesh Dua, chairman, Pharmexcil, which functions under the commerce ministry. Similarly, prices of vitamins and penicillin have also shot up by 40-50%.

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"Snakes Raised In Your Backyard Will Bite You": Asaduddin Owaisi To PM

AIMIM president Asaduddin Owaisi on Monday blamed a former Delhi MLA for the violence in the national capital and told Prime Minister Narendra Modi that "the snakes raised by you will bite you".

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L&T Arm Wins IT Services Deal From Swedish Firm

"We have set up a dedicated global engineering centre in Chennai to design and develop products for Dometic's global clientele. The centre will also support mechanical, embedded and connectivity...

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दिल्ली में बवाल, हेड कांस्टेबल समेत 5 की मौत, डीसीपी-एसीपी सहित 60 घायल

नागरिकता संशोधन कानून (सीएए) के विरोध में उत्तर पूर्वी दिल्ली के जाफराबाद और मौजपुर में लगातार दूसरे दिन जमकर हिंसक उपद्रव हुआ। उपद्रवियों ने सोमवार को कई घरों, दुकानों और वाहनों को आग लगा दी।

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निर्भया मामले में केंद्र की याचिका पर आज सुनवाई करेगा सुप्रीम कोर्ट

निर्भया के चारों दोषियों को एक साथ फांसी देने के दिल्ली हाईकोर्ट के खिलाफ केंद्र व दिल्ली सरकार की याचिका पर सुप्रीम कोर्ट मंगलवार को सुनवाई करेगा।

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दिल्ली बवालः नहीं मिले उपराज्यपाल तो विधायकों के साथ धरने पर बैठे गोपाल राय

उत्तर पूर्वी दिल्ली में फैली हिंसा के बीच आम आदमी पार्टी (आप) के दिल्ली प्रदेश संयोजक गोपाल राय व विधायक संजीव झा सोमवार देर रात उपराज्यपाल के आवास पर कानून व्यवस्था की चर्चा करने पहुंचे।

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ट्रंप की भारत यात्रा का दूसरा दिन, आज तीन अरब डॉलर का रक्षा समझौता करेगा अमेरिका

भारत दौरे पर आए अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने सोमवार को मोटेरा स्टेडियम से तीन अरब डॉलर के रक्षा समझौते का एलान किया। दोनों देशों में यह समझौता आज यानी मंगलवार को होगा।

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12वीं की परीक्षा में पूछा गया नेहरू की चार नाकामियां का सवाल, भड़की कांग्रेस

मणिपुर में राज्य बोर्ड की 12वीं की परीक्षा में छात्रों को भाजपा के चुनाव चिह्न बनाने और राष्ट्र निर्माण में जवाहरलाल नेहरू की चार नाकामियों के विश्लेषण करने को कहने के प्रश्नों पर कांग्रेस ने सख्त नाराजगी जताई है।

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Samsung Galaxy A71 Goes on Sale in India via Amazon, Samsung.com

Samsung Galaxy A71 has gone on sale in India and is available on the Samsung store and Amazon. It is powered by the octa-core Snapdragon 730 SoC and available in just one RAM and storage...

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Malaysian PM Mahathir Mohamad Sends Resignation Letter To King

Malaysian Prime Minister Mahathir Mohamad has submitted a letter of resignation to Malaysia's king, his office said on Monday, amid talk of forming a new governing coalition.The fate of Malaysia's...

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Underworld Gangster Ravi Pujari Extradited From Senegal, Brought To India

Underworld gangster Ravi Pujari, who used to operate in Mumbai in the 1990s, was brought back to India late last night after he was arrested and extradited from the west African country of Senegal. He...

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"See You Very Soon In Ahmedabad," PM Tweets Ahead Of Trump's Arrival

Hours ahead of US President Donald Trump's arrival in India, Prime Minister Narendra Modi tweeted, "India awaits your arrival. See you very soon in Ahmedabad". PM Modi's welcome was in response to the...

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NZ vs IND: टेस्ट चैंपियनशिप में भारत की पहली हार, अंक तालिका में न्यूजीलैंड को जबरदस्त फायदा

इस मैच के बाद वर्ल्ड टेस्ट चैंपियनशिप की अंक तालिका में भी बदलाव देखने को मिला है।  

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Realme X50 Pro 5G Launch in India Today: Everything You Need to Know

Realme X50 Pro 5G will be launched today in India. Here's everything you need to know about the live streaming time, expected price of the phone, its specifications, and more

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Could Trump's maiden India visit become all show, no business?

By Ram SinghBefore embarking on his two-day visit to India, US President Donald Trump has dashed hopes of a meaningful trade deal between the two countries. American and Indian negotiators have blamed the other side for a lackadaisical response and for shifting the goalposts respectively.High tariffs and trade deficit with India are a constant refrain of Trump’s bashing of India as ‘tariffs king’. He has accused the country of denying American products an ‘equitable and reasonable access’ to its markets. The visiting president has assured his voters that he will ‘talk business’ with Prime Minister Narendra Modi.PM Narendra Modi should use the occasion to talk business with his guest by conveying some relevant facts. India does not figure even among the top 10 countries, which includes Ireland and Malaysia, with which the US runs trade deficits. For 2019, the US trade deficit with India at $23.3 billion dwarfs the corresponding figure for China -- $346 billion.The Trump government’s aggressive stance seems to be guided by a belief that trade is more consequential for India than the US. The latter is the second largest trading partner of the former, but India comes a distant eighth among the US’s largest trading partners. This is a rather short-sighted view. India is already the third largest market and its economic heft is, despite a slowdown, growing by the year.India is generating Big Data – the proverbial ‘new oil’ -- in super abundance. The country is witnessing unparalleled growth in mobile data fueled by low-cost connectivity enjoyed by 800 million users. Several US tech giants, like Facebook and Google, are already earning substantial profits using Indian data. In the coming years, a much larger number of US firms will need access to Indian data to create jobs and wealth in their country in activities such as artificial intelligence (AI), robotics, Internet of Things (IoT), cloud computing, data analytics, and nanotechnology. Potential gains from cooperation are many.But there are serious differences. The Trump government demands easy access for its dairy and agriculture products to 1.3 billion Indian consumers. It is opposed to the Indian measures to make healthcare affordable -- price caps on drugs and medical devices like cardiac stents and knee implants. Differences also abound over rules for data localisation and e-commerce.These issues have resulted in trade skirmishes. It started with the US raising the import duty on Indian steel and aluminium products -- as ‘national security measures’ against a country that’s supposed to be its ‘strategic partner’! India retaliated by dragging the US to the dispute settlement mechanism of the World Trade Organisation (WTO) and increased duties on import of 29 products from the US, including almonds, walnuts, and pulses.To ratchet up the pressure, from June 2019, the US suspended India's special status under the Generalised System of Preferences (GSP) that provided duty-free access to $5.6 billion worth of Indian exports. Admittedly, the concession was revoked in response to the ‘failure of the Indian government to provide equitable and reasonable access to its markets in numerous sectors’. In keeping with his reputation as transactional leader, just before embarking on his India sojourn, Trump has classified India as a ‘developed nation’ to eliminate the concessional treatment to India in countervailing duty investigations against its exports.Trump and Modi should use the visit to work out a framework for addressing the differences in the spirit of give and take. Their decisions will have real impact on people’s lives and long-term economic consequences in areas ranging from agriculture to health to manufacturing, digital trade, ecommerce and big data.For a start, the two countries should restore the status quo ante by reversing increases in duties imposed on each other, and withdrawing complaints at WTO. The US should restore GSP status for India. The gains from it can be used by India to buy US goods, including oil and gas.The Indian side should also realise that a flexible policy can work better for the country. For instance, not all drugs and medical devices like stents and implants are the same. It is not necessary to have price cap on all. There are standard-use products and devices, and their more advanced versions, which must be differentiated by price to incentivise drug and device companies to bring their latest products to the Indian market. Otherwise, India will lose out on the latest drugs and techniques in healthcare.One possibility is to go for an across-the-board trade margin rationalisation in view of the costs and expenses incurred by producers. The import duties on high-end Harley-Davidson motorcycles can also be slashed without adversely affecting the domestic motorbike industry.The agriculture and dairy sectors are complex. India needs to protect the livelihoods of some 500 million dependent on these sectors who are no match for their US counterparts. Besides, there are cultural sensitivities. India demands certification that dairy imports are not sourced from the milk of animals raised on bovine extracts-based feed. This is unacceptable to the US. One possibility is quota-restricted imports with clear package labelling regarding cattle feed. India should be open to import of more fruits such as blueberries and cherries.Finally, in its own interest, India should further liberalise foreign direct investment (FDI) norms and facilitate investment by US companies in infrastructure, storage capacity, manufacturing plants and insurance sectors. Addressing these and other issues such as intellectual property rights (IPR) will require the two sides to work in the spirit of cooperation befitting the world's two largest democracies.The writer is professor, Delhi School of Economics

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Daiichi-Ranbaxy arbitration case: Singh brothers hearing in Singapore Supreme Court starts today

NEW DELHI: The Supreme Court of Singapore will, from Monday, hear a plea by former Ranbaxy promoters Malvinder and Shivinder Singh that challenges Japanese drug maker Daiichi Sankyo’s arbitration award.A Singapore tribunal in 2016 awarded Daiichi Rs 3,500 crore in damages. In May that year, the company moved Delhi High Court to enforce the award. The Singhs appealed against it in Singapore as well as India.“The final hearing will begin tomorrow in the Supreme Court of Singapore. Senior counsels of Malvinder and Shivinder Singh in Singapore will appear,” a person in the know told ET.Senior advocate Harish Salve in 2017 filed an application to represent the Singh brothers. He sought an exemption from a Singapore law that generally bars foreign lawyers from appearing in local courts.However, he was denied by the Singapore court.Among other things, the court said no questions of Indian law were involved at that stage. Even at an earlier stage, when issues related to Indian law had arisen, the sellers had employed senior counsel from Singapore, the court noted, and only filed evidence from Indian law experts to defend their cases.Delhi High Court in January 2018 ruled in favour of Daiichi.

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Covid-19 outbreak: Non-ferrous metals slip on slow China demand

MUMBAI: The outbreak of Covid-19, or novel Coronavirus, has put pressure on non-ferrous metals aluminium and copper, with analysts forecasting a weak last quarter for Indian producers.Aluminium and copper prices have dropped nearly 5% since the outbreak on January 21, to trade at Rs 138.10 per kg and Rs 430.30, respectively, on the MCX as of Friday. Similarly, LME prices of aluminium fell to $1,676 per tonne on Friday from $1,810 on January 21, while copper slipped to $5,701 from $6,158 a tonne in the same period.“China being the major consumer of metals, the outbreak has put a stop to major manufacturing and import, which is likely to have a major effect on the entire supply chain, reducing demand from January to March,” said Akshay Agarwal, managing director, Acumen Capital, adding that the brokerage maintains a bearish outlook on the metals market overall.Companies are likely to take a hit on exports and see profit margins shrink due to falling prices, analysts said. The impact is, however, largely expected to be confined to the current quarter, as prices recover in medium term, they said.“Non-ferrous companies will continue to slide in Q4, with China battling Covid-19. Average aluminum price is down by $10, alumina by $7 and zinc by $101 on a quarterly basis, reflecting the continued weakness in the sector,” said senior research analyst Vishal Chandak of Emkay Global in a recent report.Hindalco Industries, the largest producer of aluminium and copper, said the outbreak has not hit numbers but may get affected by its purchase of US-based aluminium rolled products maker Aleris. “We have downgraded Hindalco from ‘buy’ to ‘hold,’ reflecting muted to lower aluminium prices and increasing likelihood of Aleris acquisition without automotive body sheet plants, which will make the acquisition value-expensive in the short run,” said the report. A lower premium on physical aluminium may impact Novelis’ profitability.

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Indian Shot Dead By Masked Man At Grocery Store In Los Angeles

A masked man shot dead an Indian national at a grocery store in Los Angeles in the early hours of Saturday, local police said.

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Man Who Wanted To Prove Earth Is Flat Dies In Rocket Crash In California

An amateur American astronaut who said he wanted to prove the Earth is flat has been killed in the crash of his homemade rocket in California, said the Science Channel, which filmed the launch.

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Altico's 3 bidders revise their offers yet again

MUMBAI: All three suitors for Altico Capital — SSG Capital, Cerberus Capital Management and the incumbent management team — have revised their offers further, as lenders to the cash-strapped home financier drive a hard bargain that may see them recover at least 67% of the total dues upfront, said people in the know.The three submitted their latest offers on Friday after lenders had met last Monday to consider the earlier proposals. A key issue is whether to wind down Altico or keep it as a ‘going concern’. Creditors and bidders are slated to meet Monday.The revised proposal by Hong Kong-based SSG offers two options. The first includes a complete cash and equity offer similar to that of Cerberus. The second is comparable to the previous offer by SSG that included Rs 2,150 crore of upfront payment plus Rs 1,500-1,750 crore of security receipts. SSG has also suggested that the bad loans of Altico be moved to an asset reconstruction company chosen by the lenders.All Eyes on ResolutionAltico, then, will continue as a much smaller organisation with a shrunken book. The employees are likely to be absorbed as the company will be repositioned as a lendercum-advisory firm.74275422 Cerberus has raised its offer a third time, keeping the broad structure intact — the new offer includes around Rs 2,600 crore cash and Rs 450 crore of security receipts payable when possible, along with an equity infusion of Rs 1,000 crore to complete projects. The shareholder resolution offer is similar to the last one but some equity commitment has been added as a sweetener.The Clearwater-backed Altico management had suggested 100% repayment of the principal amount with outstanding interest being paid back at 10% over 5.75 years. But this hinged on Clearwater taking control of Altico as part of the resolution process. In this formula, the existing shareholders will agree to pay Rs 630 crore by March 2021, which will be counted as year one. In years two and five, the management will make fresh equity infusions to keep the business viable, said people briefed on the matter. Alternatively, the shareholders have suggested that some lenders could get repaid before 5.75 years but only if they agree to a 30% haircut. They will get 70 cents to the dollar at the same coupon.“The credit committee is meeting on Monday along with the bidders, who will again present a detailed resolution plan,” said an executive. “An informal show of hands is also expected after the meeting. By March 20, a final resolution is expected after a final vote.” That vote is expected to be held on March 12. SBI Capital and EY, advisers to the lenders, will analyse the bids.SSG, Cerberus and Altico declined to comment. SBI Caps didn’t respond to queries.Crisis & OpportunityThe creditor-run recast is being keenly tracked for an indication on how the country’s shadow banking crisis will be resolved and the opportunity this presents for hedge funds, structured debt and distressed asset investors. The real estate lender faced a liquidity crunch in September and defaulted on Rs 138 crore of debt repayments.Lenders are struggling to realise a higher value in other big cases, including Dewan Housing Finance Corporation Ltd and Infrastructure Leasing & Financial Services, as they have stopped their core business activities.“It is important to keep any entity as a ‘going concern’, which is why lenders are insisting on it for Altico,” said an executive involved in the process.

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