Tag: Ladakh News

UK business and financial circles describe Indian Budget as very encouraging, stabilising

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London: The Union Budget tabled by Finance Minister Nirmala Sitharaman on Wednesday has been widely welcomed in the UK business and financial circles as “very encouraging” for the bilateral partnership and also India’s attractiveness as an investment destination.
The highlights flagged by many include the enhanced infrastructure spending focus, which offers great opportunities for foreign investors, and a focus on green growth. A series of measures to tackle the ease of doing business in the country is another aspect of the Budget that has received a big thumbs up.
“The hallmark of the Budget is continuity, stability and fiscally responsible growth,” said Loknath Mishra, MD & CEO of ICICI Bank UK Plc and Chair of the Financial Services Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) UK Council.
“The significant increase in capex allocation will set the country on a sustained growth path. India will emerge stronger as a destination for investment by non-resident Indians (NRIs) and foreign investors,” he said.
Anuj Chande, Partner and Head of South Asia Group, Grant Thornton LLP in London, dubbed the Budget as “very encouraging”, particularly from a foreign investor point of view.
“The message is that private investment must step in and there’s a big opportunity there for foreign investors, particularly UK investors to participate in the building of that infrastructure. The UK has some terrific expertise and talent in the area of road building, railways and airports which can help India achieve the earmarked spend,” said Chande.
The adviser for many UK corporates going into India also welcomed the ease of doing measures unveiled in the Budget, such as plans for 39,000 compliances being reduced.
“As it is, India has been creeping up on the World Bank Doing Business rankings and all these measures will help improve that ranking further,” he said.

“The 7 per cent growth rate that was announced in the Budget is remarkable by any means. UK investors, particularly in the SME and mid-market, have not necessarily focused on India and looked at the market opportunity, both in terms of market access and talent access and the ability to help India in its growth plans. My overall message would be: please do consider India as being a great destination to either trade or invest in,” he added.
Steve Harvey, Director of global services provider Sannam S4 and Chair of the Education Committee of the FICCI UK Council, hailed advances in the skills development sector.
“There are many good reasons to be excited about India’s economy in 2023 and beyond. This year, as India hosts and chairs the G20, there is much for India to be proud of, not least of which are the changes in the education landscape in recent years – including the National Education Policy and the implementation of increased technology-enabled learning, setting the pace for significant skills development for India’s young people,” said Harvey.
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#business #financial #circles #describe #Indian #Budget #encouraging #stabilising
( With inputs from www.siasat.com )

February 1, 2023
Male student faints after finding himself among 500 girls in Bihar exam centre

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Patna: A Class 12 student fell unconscious in the examination hall on Wednesday after finding himself the lone male among 500 girl students in Bihar’s Nalanda district, his family said.
The student was identified as Manish Shankar Prasad, 17, who went to the Brilliant Convent School Sundargarh to give the mathematics examination.
His relatives claimed that he was the only male student at the centre. When he saw a large number of female students, he became nervous and collapsed on the floor. The school administration came to his aid and admitted him in the Sadar hospital for treatment. He regained consciousness after a few hours, his father Sacchidanand Prasad, said.
Another relative blamed the Bihar Intermediate Council for allotting him the examination centre dedicated for female students.
“There were more than 500 girls students in the examination center. The school administration has given the seat to my nephew in the main hall of the school surrounded by a large number of girls. Manish failed to handle the situation after saw a large number of girls and fell unconscious,” his aunt said.
The intermediate (class 12 board) examination started in Bihar on Wednesday and cheating has been reported in several districts including in Nalanda, neighbouring Nawada, Munger, Banka, Darbhanga, Samastipur, Araria and other districts. Videos in this regard went viral at several examination centers.
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#Male #student #faints #finding #among #girls #Bihar #exam #centre

( With inputs from www.siasat.com )

February 1, 2023
Goa court directs to release rice, wheat seized during raids in Nov

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Panaji: A Goa court in its three different orders has directed the Crime Branch of the police to release a large quantity of rice and wheat that were seized during raids conducted in November.
The Crime Branch of Goa Police claimed that they had seized food grains stolen from godowns of the Civil Supply Department. However, Civil Supply Minister Ravi Naik later clarified that there was no ‘mismatch’ in their storage and supply.
The police had seized 754 rice bags and 253 bags (50 kg each) containing wheat from three places, valued at Rs 7,52,000. Three cases were filed by the police in this connection.
Civil Supply Director Gopal Parsekar said that they had sought a report of stock from all 11 godowns in the state, which suggested that there was no mismatch in the records of storage and supply.
Judicial Magistrate First Class in Ponda after hearing applicant Sachin Naik and respondents (Crime Branch and State) ordered to release the seizure on conditions laid down by it.
Naik stated that the application had been filed for the release of rice and wheat which are perishable items.
The Crime Branch had arrested five individuals identified as — Hazrat Sayyed, Vinay Kumar Gudimani, Prakash Korishetter, Tausif Mulla and Ramkumar.
However, two accused persons — Sachin Naik and Virendra Mardholkar were granted anticipatory bail.

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#Goa #court #directs #release #rice #wheat #seized #raids #Nov
( With inputs from www.siasat.com )

February 1, 2023
Gill’s maiden T20I ton powers India to 234 for 4 against NZ in series decider

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Ahmedabad: Shubman Gill smashed a whirlwind unbeaten century, his maiden ton in the shortest format, to power India to an imposing 234 for four against New Zealand in the series-deciding third T20 International here on Wednesday.
Gill continued his fine form and showcased his array of shots, hitting the New Zealand bowlers to all parts of the Narendra Modi Stadium to score 126 not out off just 63 balls balls with the help of 12 fours and seven sixes.
But the start was far from rosy for India after electing to bat as Mitchell Santner made a master-stroke decision by handing Michael Bracewell the second over and the off-spinner reposed his captain’s faith by removing an out-of-form Ishan Kishan, who was adjudged LBW with the second ball of the over.
In-form Gill struck two boundaries off Lockie Ferguson in the next over.
Gill was at his ominous best, be it pick up hits, drives or pulls to continue his onslaught.
He hit Blair Tickner for three fours in the fifth over as India reached 44 for 1.
Young Rahul Tripathi (44 off 22), who has immense potential but yet to fire in the series, then struck Ferguson for a boundary and a six in consecutive balls to keep up the tempo.
Tripathi then pulled Santner over short-fine leg before coming down and lofting the left-arm spinner for a straight six.

Tripathi showed his attacking class and dispatched Ish Sodhi over extra cover for his third six of the innings but perished in the next ball in search of one too many, holing out at deep square leg to Ferguson.
Gill reached his maiden T20I fifty off 35 balls with a single off Santner.
While Gill held one end, Suryakumar Yadav (24 off 13) showed glimpses of his class but fell in the 13th over, brilliantly caught by Ferguson at mid-off as the batter mistimed his shot.
Gill brought up his century with a four over the mid-off fielder off the bowling of Ferguson in the first ball of the 18th over.
He broke free and clobbered Ferguson over mid-wicket for a huge six in the next ball.
It was mayhem as skipper Hardik Pandya (30 off 17) too went ballistic.
But it was Gill who stole the show as he continued with his attacking shots after the ton, finding the boundaries at will as New Zealand attack looked listless.
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#Gills #maiden #T20I #ton #powers #India #series #decider
( With inputs from www.siasat.com )

February 1, 2023
Microsoft to bring new look to Teams Rooms on Windows

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San Francisco: Tech giant Microsoft has announced that it will bring a new look to its Teams Rooms on Windows consoles and front-of-room displays, by the end of this quarter.
“To make Teams Rooms even easier to use, we’re aligning key elements of the user interface across the Windows and Android ecosystems,” the tech giant has said in a blogpost.
With the upcoming update, users will first see the “vivid new ambient screens” and a re-designed calendar on consoles and front-of-room displays.
Moreover, users will get improved visual cues throughout the experience that will make it easier and more intuitive to interact with the console.
On the calendar, users will be able to scroll down to see the schedule for the entire day.
The update will also bring improved buttons on the console which will allow users to quickly access the most used features, including a button for ‘Meet’ to start a new meeting from the room, a button for ‘Call’ which will allow users to make a call to a phone number or add a person from the directory, and much more.
“For enhanced customisation, your organisation will have a wider range of ambient screens to choose from than before, with five exciting new themes added to the eight themes currently available,” the company said.
“Users will be able to customise the Front Row view, including visibility of the meeting chat, and choose which meeting component is displayed on the left and right panel,” it added.

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#Microsoft #bring #Teams #Rooms #Windows
( With inputs from www.siasat.com )

February 1, 2023
DHFL bank fraud: Delhi court denies bail to bizman Ajay Nawandar

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New Delhi: A Delhi court on Wednesday denied bail to businessman Ajay Ramesh Nawandar in a Rs 34,615-crore bank fraud case involving Dewan Housing Finance Limited (DHFL), and also cancelled the interim bail granted to him earlier.
Special Judge Ashwani Kumar Sarpal noted that the accused had manipulated the medical record in procuring interim bail in the case, and said that the chances of tampering of evidence and influencing public witnesses by the accused were greater.
“After considering the above facts and circumstances, I am of the view that allegations against accused Ajay Nawandar are somehow serious in nature and he being known to the main accused, former DHFL CMD Kapil Wadhawan and former director of the company Dheeraj Wadhawan, intentionally conspired with them for the purpose of concealment, diversion and disposal of the funds of the company and properties purchased from the same which ultimately belonged to banks,” the judge said.
The court said that the accused and his family did not have financial constraints and simple fact that he was having wife behind to be looked into did not create any ground to release him on bail.
“No ground exists to grant bail to this accused and accordingly bail application on merits is rejected. His interim bail granted on August 31, 2022 which was extended from time to time is hereby cancelled,” the judge said.
The judge noted that the accused allegedly entered into conspiracy with main accused Wadhawan brothers in order to dispose of and conceal the proceeds of embezzled funds.
The CBI had conducted searches at Nawandar’s premises and recovered a large collection of uber-luxury watches worth crores of rupees, including Rolex Oyster Perpetual, Cartier, Omega and Hublot Michael Kors, and two paintings worth Rs 33 crore.
The agency said that these valuable items belonged to Kapil Wadhawan and Dheeraj Wadhawan, who allegedly defrauded banks to the tune of Rs 34,615 crore, making it the biggest such case probed by the agency.

These were allegedly purchased using the proceeds of the scam and kept at Nawandar’s premises to evade recovery and seizure by enforcement agencies, the CBI said.
The CBI said that Nawandar was acting as a conspirator aiding and abetting Wadhawans to hide the proceeds of the crime and he was in the process to dispose these items of when he was arrested by the agency.
“During the investigation, it was found that the (DHFL) promoters had allegedly diverted the funds and made investments in various entities. It was also alleged that the promoters had acquired expensive paintings and sculptures worth about Rs 55 crore (approximately) using the diverted funds,” the CBI had said.
The CBI had acted on a complaint from the Union Bank of India (UBI), the leader of a 17-member lender consortium that had extended credit facilities to DHFL to the tune of Rs 42,871 crore between 2010 and 2018.
The bank has alleged that Kapil and Dheeraj Wadhawan, in a criminal conspiracy with others, misrepresented and concealed facts, committed criminal breach of trust and abused public funds to cheat the consortium to the tune of Rs 34,615 crore by defaulting on loan repayments from May 2019 onwards.
An audit of DHFL’s account books showed that the company allegedly committed financial irregularities, diverted funds, fabricated books and round-tripped funds to “create assets for Kapil and Dheeraj Wadhawan”, using public money.
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#DHFL #bank #fraud #Delhi #court #denies #bail #bizman #Ajay #Nawandar
( With inputs from www.siasat.com )

February 1, 2023
Telangana: TSRTC announces discount for advance reservations

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Hyderabad: The Telangana state road transport cooperation (TSRTC) has announced discounts for those who make advance reservations on bus travel.
If a reservation is made 31 days (a month) to 45 days in advance, 5 percent discount is given on the ticket. If a person books their tickets, 46 days to 60 days prior, 10 percent discount is granted. The announcement was made by TSRTC managing director VC Sajjanar on Wednesday.
ప్ర‌యాణికుల‌కు #TSRTC శుభ‌వార్త చెప్పింది. ముందుస్తు రిజ‌ర్వేష‌న్ చేసుకునే వారికి రాయితీల‌ను ప్ర‌క‌టించింది. 31 రోజుల నుంచి 45 రోజుల ముందు రిజ‌ర్వేష‌న్ చేసుకుంటే టికెట్‌లో 5 శాతం రాయితీ క‌ల్పించింది. 46 రోజుల నుంచి 60 రోజుల ముందు చేసుకుంటే 10 శాతం డిస్కౌంట్‌ను ప్ర‌క‌టించింది. pic.twitter.com/8MFv00ctAT
— VC Sajjanar – MD TSRTC (@tsrtcmdoffice) February 1, 2023
On Monday, the TSRTC entered into a Memorandum of Understanding (MoU) with Nalsoft for Enterprise Resource Planning (ERP) implementation.
TSRTC is the first among all the State Road Transport Corporation undertakings in the country to commission and implement it, a release from TSRTC said.
The MoU was signed on Monday and exchanged between TSRTC and Nalsoft at Bus Bhavan here by TSRTC Vice-Chairman and Managing Director V C Sajjanar and CA Venkata Nalluri, CEO of Nalsoft.
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#Telangana #TSRTC #announces #discount #advance #reservations

( With inputs from www.siasat.com )

February 1, 2023
‘Injustice to Telangana once again’: BRS slams Budget

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Hyderabad: Telangana’s ruling party Bharat Rashtra Samithi (BRS) has slammed the Union Budget saying that the state has once again received a “raw deal” in the Union Budget.
In his reaction to the Union Budget 2023-24 presented in the Parliament on Wednesday, state Finance Minister T. Harish Rao said that the Centre has “again done injustice to Telangana”. He said that there was “no mention of fulfilling commitments made to the state in Andhra Pradesh Reorganisation Act”.
Rao said that despite repeated demands for the last nine years to set up a rail coaching factory, the Centre remained indifferent.
He described the budget as “flimsy”.
Rao said that weavers were not provided GST relief and incentives, while there was a drastic cut on fertiliser subsidy. He said injustice was done to Telangana in allocation of nursing and medical colleges.
He claimed that the number of beneficiaries under the PM Kishan scheme has been slashed.
The minister pointed out that last year, Rs 9,243 crore were allocated for procurement of cotton through Cotton Corporation of India (CCI) but this year only Rs 1 lakh has been allocated. “This as a grave injustice to cotton farmers.”
He also accused the Centre of not adhering to Fiscal Responsibility & Budget Management (FRBM) norms. He reiterated that the states were losing their share in taxes due to cesses and surcharges. He also complained of a major cut in allocations for Centrally sponsored schemes.

Agriculture Minister S. Niranjan Reddy alleged that the allocation for agriculture has been slashed by 22 per cent. He said that this again proved that the government at the Centre is “anti-farmer”.
The minister said the Centre has cut the allocation for MNREGA by Rs 29,400 crore while the allocation for PM Kisan Nidhi has not been enhanced.
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#Injustice #Telangana #BRS #slams #Budget
( With inputs from www.siasat.com )

February 1, 2023
‘Injustice to Telangana once again’: BRS slams Budget

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Hyderabad: Telangana’s ruling party Bharat Rashtra Samithi (BRS) has slammed the Union Budget saying that the state has once again received a “raw deal” in the Union Budget.
In his reaction to the Union Budget 2023-24 presented in the Parliament on Wednesday, state Finance Minister T. Harish Rao said that the Centre has “again done injustice to Telangana”. He said that there was “no mention of fulfilling commitments made to the state in Andhra Pradesh Reorganisation Act”.
Rao said that despite repeated demands for the last nine years to set up a rail coaching factory, the Centre remained indifferent.
He described the budget as “flimsy”.
Rao said that weavers were not provided GST relief and incentives, while there was a drastic cut on fertiliser subsidy. He said injustice was done to Telangana in allocation of nursing and medical colleges.
He claimed that the number of beneficiaries under the PM Kishan scheme has been slashed.
The minister pointed out that last year, Rs 9,243 crore were allocated for procurement of cotton through Cotton Corporation of India (CCI) but this year only Rs 1 lakh has been allocated. “This as a grave injustice to cotton farmers.”
He also accused the Centre of not adhering to Fiscal Responsibility & Budget Management (FRBM) norms. He reiterated that the states were losing their share in taxes due to cesses and surcharges. He also complained of a major cut in allocations for Centrally sponsored schemes.

Agriculture Minister S. Niranjan Reddy alleged that the allocation for agriculture has been slashed by 22 per cent. He said that this again proved that the government at the Centre is “anti-farmer”.
The minister said the Centre has cut the allocation for MNREGA by Rs 29,400 crore while the allocation for PM Kisan Nidhi has not been enhanced.
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#Injustice #Telangana #BRS #slams #Budget
( With inputs from www.siasat.com )

February 1, 2023
Telangana: Kanti Velugu screening conducted for over 2L people

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Hyderabad: The Telangana government’s flagship Kanti Velugu scheme intended to deal with “avoidable blindness in the state” has so far screened over two lakh people.
Of the 2, 03, 008 people, 95,677 were males while 1,06,997 were females and 51 of the screened individuals were transgenders.
Telangana state officials have handed over 36,876 reading glasses in 979 gram panchayats in Telangana as of February 1st.
The state government took up universal eye screening by covering the entire population of the state under the name “Kanti Velugu”. The programme was launched on January 18, 2023 and aims to conduct eye screening and vision test for all citizens of the state as well as providing spectacles free of cost and providing medicines for common eye ailments.
Kanti Velugu also aims to educate people on prevention of serious disabling eye diseases.
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#Telangana #Kanti #Velugu #screening #conducted #people

( With inputs from www.siasat.com )

February 1, 2023