Dhanbad: The police on Thursday rescued a youth, a resident of Jharkhand’s Dhanbad district, from a rampaging mob that claimed that beef was found in his house.
Six people including three police personnel were injured and the force used batons to disperse the attackers who also ransacked police vehicles and set on fire some goods kept in front of the house of the accused.
Slaughter of bovine animals and selling their meat are banned in Jharkhand.
The situation is under control now, Nirsa Sub-divisional police officer (SDPO) Pitamber Singh Kherwar said.
The incident occurred at Bhurkunda locality under Nirsa police station, around 190 km from the state capital Ranchi, where some villagers reportedly found a slaughtered cow and its meat in the house of a person identified as Nasruddin Ansari.
Soon, a mob assembled there and started throwing stones at the house. Some household goods kept in front of it were torched.
Ansari and his family members manage to flee but his son Sahabuddin was caught by the mob and he was tied to a tree, police said.
The situation came under control after Superintendent of Police (rural) Reeshma Rameshan reached the spot and assured the villagers to take action against the culprit.
Nirsa MLA Aparna Sengupta also reached the village and tried to pacify the villagers.
Later, The MLA, administrative officials, and the police held a meeting with villagers to ensure peace in the village.
New Delhi: China has developed a system of “Bailouts on the Belt and Road” that helps recipient countries avoid default, and continue servicing their BRI debts, at least in the short run, a new report has found.
In total, more than 20 debtor countries have received USD240 billion in Chinese rescue lending since 2000. The scale of China’s global bailout lending programme is also growing fast. More than USD185 billion was extended in the past five years alone (2016-2021), as per a report by researchers from the World Bank, Harvard Kennedy School, AidData, and the Kiel Institute for the World Economy.
Thirteen countries made total drawings of USD170 billion in situations of economic or financial distress. Examples include Argentina (2014-2021), Mongolia (2012-2021), Suriname (2015-2021) and Sri Lanka (2021), which drew on their RMB swap lines right before and/or after sovereign defaults on their external creditors.
Other important users include Pakistan (2013-2021), Egypt (2016-2021) and Turkey (2021), which made large drawdowns during protracted balance of payments crises, as demonstrated by their crashing currencies in the face of dwindling foreign exchange reserves. Another group, including Russia (in 2015 and 2016) and Ukraine (in 2015), activated their swap lines in the face of sanctions and deep geopolitical crises.
China’s role as an international crisis manager can therefore be compared to that of the US Treasury during previous Latin American debt crises or to a regional financial institution like the European Stability Mechanism, which helped to avert, delay, or resolve defaults by highly-indebted borrowers, rather than to a global financial backstop with “deep pockets”.
The global swap line network put in place by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD170 billion in liquidity support extended to crisis countries, including repeated rollovers of swaps coming due.
The swaps bolster gross reserves and are mostly drawn by distressed countries with low liquidity ratios. In addition, the report shows that Chinese state-owned banks and enterprises have given out an additional USD70 billion in rescue loans for balance of payments support. Taken together, China’s overseas bailouts correspond to more than 20 per cent of total IMF lending over the past decade, and the bailout amounts are growing fast.
However, China’s rescue loans differ from those of established international lenders of last resort in that they are opaque, carry relatively high interest rates, and are almost exclusively targeted to debtors of China’s Belt and Road Initiative, the report found.
China’s swap line network has become an important tool of overseas crisis management. In total, the report found that USD170 billion have been extended by the PBOC to central banks of countries in financial or macroeconomic distress. This amount involves a large number of rollovers, as short-term PBOC swap loans are often extended again and again, resulting in a de facto maturity of more than three years, on an average.
Srinagar, Mar 17: A moving soil excavator rolled down into Chenab river in Doda district this morning causing apprehension about the death of driver even as a rescue operation is underway at the site.
An official told GNS that a soil excavator (JCB) rolled down into river Chenab at Shiva Dal Pul near Prem Nagar in Doda this morning.
Identifying the driver as one Rahul Sharma, son of Govind Ram, a resident of Dharamthal Chenani, the official said that soon after the accident a rescue operation was launched at the site.
“Given the nature of the accident, it is highly unlikely that the driver would be alive”, he said adding “We nonetheless are making every possible effort to see if he could be rescued safely.” (GNS)
“The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis,” Treasury Secretary Janet Yellen, Fed Chair Jerome Powell and FDIC Chair Martin Gruenberg said in a statement. “Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.”
The dramatic moves marked an attempt by the Biden administration and regulators to contain possible financial contagion triggered by Silicon Valley Bank’s sudden collapse on Friday.
Over the weekend, the FDIC collected bids on the assets of Silicon Valley Bank in a race to offer a path forward for businesses whose funds are stuck at the failed lender, according to three industry sources familiar with the matter.
It could provide a mechanism for thousands of venture-backed startups and health care businesses, which had been customers of the defunct Northern California bank, to recover their money.
A bank run sparked by uncertainty over SVB’s finances wiped out more than $42 billion of deposits from its balance sheet last week, prompting California regulators and the FDIC to intervene.
The collapse of the bank, which was seized by FDIC last week, has heightened fears of instability at small and mid-sized financial institutions.
Lawmakers and industry groups have been pressing the FDIC — as well as Treasury, the Federal Reserve and the Office of the Comptroller of the Currency — to produce a plan as soon as possible that might offer guidance to depositors on how to proceed.
Prominent venture capitalists and startup executives have warned that they’ll be unable to make payroll if the federal government doesn’t offer a dividend to the bank’s uninsured depositors — whose accounts total more than $150 billion. FDIC insurance only backstops individual deposits up to $250,000.
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#Treasury #regulators #unveil #rescue #bank #depositors
( With inputs from : www.politico.com )
The Turkish president expressed his disagreement with the State’s response to the emergency generated by the strong earthquakes that affected the country. The streets and sporting events have been the scenarios in which citizens have expressed their discontent and have even called for the resignation of the Government.
A ‘mea culpa’ expected. “In the first days, we were not able to carry out the work as efficiently as we wanted in Adiyaman,” the Turkish head of state, Recep Tayyip Erdogan, said on February 27, amid a complex panorama.
“The destructive impact of the tremors, the adverse weather and the challenges due to damaged infrastructure” are some of the reasons outlined by the Turkish leader as justification.
But this apology may also have been prompted by the growing number of deaths, the accusations that weigh on the Executive for the supposed minimum requirements to the contractors of the hundreds of thousands of buildings destroyed and a prompt appointment with the polls.
The president also required the understanding of the inhabitants of the affected areas in the midst of difficulties and also stressed his commitment to a rapid reconstruction.
However, nature does not seem to help. A new earthquake in the southwest of the country killed at least 100 people, adding to the most recent government figures: 44,374 fatalities in total.
Some 30 buildings did not resist the new tremor of this February 27, located at 5.6 magnitude on the Richter scale.
An unknown number of people were left under the rubble, but several were rescued. These survivors were collecting their belongings, abandoned after the first earthquakes that shook the nation three weeks ago, when they were surprised by the new telluric movement.
“This is an extraordinary activity,” said Orhan Tatar, director general of earthquake and risk reduction at the Turkish Emergency and Disaster Management Authority. According to the official, four new earthquakes have been reported in the region (included in the province of Malatya) in recent weeks, accompanied by some 45 aftershocks with magnitudes between 5 and 6 degrees.
The investigations into the high number of collapses are not stopping either: there are already 184 detainees for alleged complicity in the collapses, confirming that the focus is now on the construction companies.
Signs of discontent in sports days
In a country where dissenting voices from the ‘establishment’ are viewed with particular suspicion, the Turks have not been silent in the face of the difficult conditions created by the earthquakes and the state’s response.
In football matches held this weekend by the local league, calls for the resignation of the Government were heard loudly.
As reported by the Reuters agency, fans of Besiktas, one of the main teams in the Turkish league, threw thousands of stuffed animals onto the playing field to be donated to the affected children. This action was accompanied by demands to resign from the ministerial train.
The followers of another of the Turkish clubs, Fenerbahce, were not far behind in their discontent either. From the stands the motto “twenty years of lies and cheats, resign” was heard.
The harsh response to anti-government protests
The response, both political and sporting, was not long in coming. “The Nationalist Movement Party strongly condemns the use of sport in dirty politics during such sensitive and painful days for our country,” said Devlet Bahceli, leader of that political party, a member of the AK Parti (Justice and Development Party) of Erdoğan.
For its part, the club Caykur Rizespor, from Erdogan’s hometown, described the fans’ grievance towards the state leadership as “provocative acts” and called the protesters “sewer rats”.
The Minister of the Interior, Suleyman Soylu, also defended the Government: “If someone wants to do politics, there will be elections in the next few days (…) But those who want to turn sport into a political arena must pay attention to the efforts of the State, the nation and civil society”, he highlighted on Twitter.
Finally, the Minister of Sports also made his vision known. Mehmet Kasapoglu followed the line of message used by the defenders of the Government, and pointed directly to certain groups of generating “targeted provocations” with the aim of fracturing the unity of the country.
In other reports of protests, riot police intervened in several outbreaks. In downtown Istanbul, dozens of supporters and members of the far-left Turkish Workers’ Party were arrested as they demonstrated against the government.
with Reuters
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#Turkey #Erdogans #mea #culpa #delays #rescue #efforts
( With inputs from : pledgetimes.com )
In the aftermath of the earthquake that struck eastern Turkiye last week, a rescue team has made a stunning discovery. Amid the rubble, the team found $2 million in cash buried under a collapsed building.
The discovery was made by a rescue team in the city of Gaziantep, which was one of the hardest hit by the 6.8 magnitude earthquake. The cash was found buried under the wreckage of a four-story building that had collapsed during the quake.
According to local media reports, the building was believed to be the home of a wealthy businessman, and the cash was likely being kept in a safe. The discovery has led to speculation that there may be more hidden caches of cash in the area.
THEY DELIVERED $2 MILLION TO THE POLICE
Firefighters, who carried out search and rescue activities in Gaziantep, which was affected by the earthquakes in Kahramanmaraş, delivered approximately 2 million dollars from the rubble to the police.@GaziantepBeldpic.twitter.com/fdWP4NrgV8
The Turkish government has been providing aid to the earthquake victims, and the discovery of the cash has raised questions about how the government will handle the funds. The government has not yet made a statement about the discovery, but it is expected that the funds will be used to help with the recovery efforts.
The earthquake that struck eastern Turkiye last week has left at least 41 people dead and over 1,600 injured. Rescue efforts are ongoing, and many people are still missing. The discovery of the cash has provided a glimmer of hope in the midst of the tragedy, and it is hoped that it will help to provide some much-needed relief to the people of Elazig.
On Tuesday, Pakistan sent another rescue team to Turkey on orders of the Chief of Army Staff (COAS) General Syed Asim Munir. Earlier Pakistan had sent a rescue team of 30 Pakistanis. Reportedly, those Pakistanis are struggling to manage their own meal everyday.
To ensure the same, the second search and rescue team has been sent to search the relief material for the rescue team already there.
“The new rescue and search team is solely for searching the relief material and rescuing the Pakistani rescue team” told Pakistan Chief of Army General Syed Asim Munir to The Fauxy.
Upset with Pakistan’s behaviour, Turkey has given a strong statement to Pakistan’s Prime Minister Shehbaz Sharif to not do any favour to Turkey and rescue and take the Pakistan’s rescue and search team back to Pakistan.
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]
Islamabad: Pakistan government quickly responded to requests for international assistance after the devastating earthquake in Turkey and Syria. Initially, Pakistan govt decided not to take loan from Turkey until next month to help Turkey, however, after being criticised by other countries, Pakistan sent search and rescue teams to Turkey.
Reportedly, the Pakistan rescue team ended up searching something else. Turkey reporter claims that the rescue team from Pakistan forgets to rescue people stuck under debris in Turkey after they find huge amount of flour and breads under a collapsed restaurant.
Turkey leading news paper, Hürriyet Daily News, reported the incident with the headline “Pakistan sent search and rescue teams to search relief materials in Turkey“.
Speaking to The Fauxy, one Pakistan rescue team member said “We have been sent here saying that the situation in Turkey is grave, but upon reaching here we believe rescue teams from other countries should be sent to Pakistan because situation there is more grave, people are dying of hunger”
Indian fact-checkers says the pPakistani rescue team member’s claim is misleading as Pakistan was ranked above India and many other countries in Global Hunger Index.
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]
