Author: Aruna Sharma

(ET) Fugitive liquor baron Vijay Mallya, who is wanted in India over loan default, today said he has become the “Poster Boy” of bank default and a lightning rod of public anger. Mallya also said that he has made and will continue to make every effort to settle with the public sector banks. “UBHL and I had filed application before Karnataka high court on to sell assets worth about 139 billion rupees and requested the court’s permission to allow sell of the assets under judicialjudicial supervision and repay creditors, including public sector banks,” claimed Mallya. Breaking his silence after a long…

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(LiveMint) With the Unique Identification Authority of India (UIDAI) mandating the implementation of Virtual ID from 1 July, the way financial institutions have been verifying information about customers is going to change. Virtual ID is a 16-digit random number mapped with the Aadhaar number. It can only be generated, replaced or revoked by the Aadhaar number holder. “It will not be possible to derive the Aadhaar number from the Virtual ID,” a circular issued by UIDAI in January said. There will only be one active and valid Virtual ID for an Aadhaar number at any given time. Aadhaar number holders…

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(ET) UltraTech Cement is planning to raise Rs 9,000 crore via an issue of redeemable, non-convertible debentures on a private placement basis, the company said on Friday, while notifying the exchange of its annual general meeting to be held on July 18. It plans to seek shareholders’ nod for the issuance on the AGM. UltraTech last month announced the acquisition of the cement business of Century Textiles and Industries and it was to be financed through through a share swap, besides taking on Century’s debt of Rs 3,000 crore. UltraTech has also aggressively bid for Binani Cement under the bankruptcy code…

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PMO

(LiveMint) Ahead of the landmark goods and services tax (GST) completing a year on 1 July, Prime Minister Narendra Modi on Sunday acknowledged the contribution of states for showcasing ‘cooperative federalism’ in its implementation. Modi termed the tax regime as ‘victory of integrity’ and ‘celebration of honesty’ which ended inspector raj in the country. “If I have to give credit to anyone for successful implementation of ‘One Nation One Tax reform’, then I credit the states of our nation. GST is a great example of cooperative federalism, where all the states decided to take a unanimous decision in the interest…

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(TOI) Several parts of the suburbs witnessed heavy rainon Sunday, with Malad receiving maximum rainfall (110.8mm), followed by Powai (78mm). The heavy showers affected flight operations and suburban train services in the afternoon. While the IMD Santacruzobeservatory recorded 94.7mm rainfall between 8.30am and 8.30pm, the Colaba observatory recorded 16.6mm. In contrast, the Santacruz observatory had recorded just 31.7mm rainfall and the Colaba observatory 151mm from 8.30am-8.30am between June 23-24. IMD’s forecast for Monday is intermittent rains in the city and suburbs with heavy to very heavy rainfall at one or two places. The heavy rain affected arrival of flights at Mumbai airport on Sunday afternoon. The main runway was…

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(LiveMint) Odisha chief minister Naveen Patnaik had dashed off a letter to Prime Minister Narendra Modi demanding a national policy on farm loan waivers. Patnaik’s initiative comes in the backdrop of a round of politics of competitive populism with all parties promising farm loan waivers in the run-up to the just-concluded assembly elections. Though once elected almost all of them have struggled to deliver on the promise; the latest being Karnataka, where farmers are threatening to take to the streets to force the state government to keep its pre-election promise. Patnaik should be credited for trying to force a debate on…

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(DJ) भारतीय जनता पार्टी आज और कल (25 और 26 जून) को देशभर में आपातकाल के विरोध में काला दिवस मनाएगी। 1975 में पूर्व प्रधानमंत्री इंदिरा गांधी द्वारा लगाए गए आपातकाल के विरोध में भाजपा पूरे देश में काला दिवस मना रही है। जानकारी के मुताबिक भाजपा देशभर के सभी बड़े शहरों में एक संवाददाता सम्मेलन के जरिए कांग्रेस की घेराबंदी करेगी। इसके चलते भाजपा के वरिष्ठ नेता अलग-अलग जगह विरोध प्रदर्शन करेंगे। बताया जा रहा है कि कांग्रेस की घेराबंदी करने की कमान खुद पार्टी अध्यक्ष अमित शाह ने संभाल रखी है। वे अहमदाबाद में प्रेस वार्ता करके कांग्रेस…

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PMO

(AU) पिछले 14 दिनों से एम्स में भर्ती पूर्व पीएम अटल बिहार वायपेयी से मिलने के लिए प्रधानमंत्री नरेन्द्र मोदी रविवार रात अचानक एम्स पहुंचे। कड़ी सुरक्षा में उनका काफिला अचानक एम्स पहुंचने से अस्पताल में हड़कंप मच गया और अस्पताल की सुरक्षा चाक-चौबंद कर दी गई। सूत्रों के हवाले से खबर है कि पीएम अस्पताल में करीब 40 मिनट तक रुके। खबर लिखे जाने तक एम्स प्रशासन द्वारा इस संबंध में कोई जानकारी सार्वजनिक नहीं की गई। सूत्रों के मुताबिक प्रधानमंत्री नरेन्द्र मोदी रविवार रात करीब 8:10 मिनट पर कड़ी सुरक्षा में अपने काफिले के साथ पूर्व पीएम अटल…

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(TOI) Union Minister for Petroleum and Natural GasDharmendra Pradhan met German Minister of Education and Research Anja Karliczek in Berlin. The two sides reviewed their cooperation on skill development and entrepreneurship. “We agreed to cooperate on the area of dual vocational education which will link our students with industry and increase their employability,” Pradhan tweeted.

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