NTPC signs pact with SBI for ?5,000 crore term loan
State-owned power giant NTPC Monday said that it has signed a term loan agreement for ₹5,000 crore with State Bank of India.
"The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC," a company statement said.
The loan agreement was signed by Masood A Ansari, General Manager (Finance), NTPC Ltd and Neelabh Sinha, Dy General Manager, SBI in the presence of Saptarshi Roy, Director (Finance), NTPC Ltd , Sudhir Arya, CFO, NTPC Ltd and Pradeep Kelshikar, General Manager, SBI.
SC Directs Minority Commission To Decide On Representation Seeking Guidelines For Identifying
The Supreme Court on Monday directed the National Commission for Minority (NCM) to take a decision within three months on a representation seeking laying down of guidelines for defining the term 'minority' in the context of state-wise population of a community. A bench headed by Chief Justice Ranjan Gogoi asked BJP leader and lawyer Ashwini Upadhyay to re-file his representation to the minority panel which, in turn, will take a decision on it within three months from Monday.
Upadhyay had filed a writ petition [WP(C) 1064/2017] to declare the Notification dated 23.10.1993, arbitrary unreasonable and ultra-vires the Constitution but withdrew it with liberty to approach National Commission for Minorities (NCM) and accordingly, submitted a Representation on 17.11.2017. According to him the NCM has done nothing over the past 15 months. Hence, he filed this writ petition to declare Section 2(c) of the NCM Act, 1992, and the Notification dated 23.10.1993, void and unconstitutional for being arbitrary, unreasonable and offending Articles 14, 15 and 21 of the Constitution of India.
President Kovind to Unveil Atal Bihari Vajpayee's Life-Size Portrait in Parliament Today
A life-size portrait of former Prime Minister Atal Bihari Vajpayee will be unveiled by the President in Parliament House on Tuesday, an official said.
President Ram Nath Kovind will unveil the portrait in the Central Hall of Parliament House in the presence of Vice President Venkaiah Naidu, Prime Minister Narendra Modi, ministers, and leaders of various parties are expected to mark their presence during the event, a parliament official said.
Vajpayee became the Prime Minister for the first time in 1996 for 13 days, then for 13 months from 1998 to 1999, and then from 1999 to 2004.
He passed away on August 16, 2018 at the age of 93 years after a prolonged illness.
Abu Dhabi Declaring Hindi as Official Language in Courts Will Make Justice More Accessible: Swaraj
External Affairs Minister Sushma Swaraj on Monday said Abu Dhabi declaring Hindi as one of the official languages in its courts will make the justice delivery system simpler and more accessible to Indian expatriates in that country.
In a landmark decision, Abu Dhabi has included Hindi as the third official language used in its courts, alongside Arabic and English, as part of a move designed to improve access to justice.
"We thank Abu Dhabi for declaring Hindi as one of the official languages in their judicial system. This will make justice delivery system simpler and more accessible to our people," she tweeted.
The Abu Dhabi Judicial Department last Saturday said it has extended the adoption of interactive forms of statement of claims filed before courts by including the Hindi language alongside Arabic and English in labour cases.
This is aimed at helping Hindi speakers to learn about litigation procedures, their rights and duties without a language barrier, in addition to facilitating registration procedures via unified forms available through the ADJD website, the judicial body said.
IAF airlifts more than 700 stranded passengers from Jammu to Srinagar
The Indian Air Force (IAF) yesterday airlifted over 700 people stranded due to the closure of the Jammu-Srinagar national highway following heavy snowfall last week. A defence spokesman said, for the first time, two C-17 Aircraft airlifted 707 passengers simultaneously from the Jammu Air Force Station to Srinagar. The spokesman said, IAF has airlifted around 1,400 people, mostly students, in the past four days.
AIR correspondent reports that Indian Air Force pressed two C-17 Globemaster aircrafts into service between Jammu and Srinagar yesterday and airlifted a total of 707 stranded passengers. The aircrafts carried 301 passengers in first sortie and 406 in second sortie yesterday. Air Commodore, Jammu SK Mishra personally supervised the entire air lifting operation at Jammu airbase. All the passengers were also provided eatables/food packets by the Tiger Division of Army at Satwari, Jammu.
Earlier, as many as 538 persons, including 319 GATE aspirants, were airlifted in separate sorties by the IAF between Jammu and Srinagar.
The relief effort has been undertaken jointly by the IAF and civil administration.
I-T dept unearths Rs 20,000 cr Hawala racket in Delhi
The Income Tax Department has busted a nexus of hawala operators who were running a money laundering racket in Delhi estimated to be worth over 20 thousand crore rupees. Official sources said, a series of raids and surveys were conducted by sleuths of the Delhi investigation unit of the I-T Department over the last few weeks in different business areas of old Delhi. The operations led to unearthing of illegal financial activities by three groups of operators.
A survey was conducted on one such group in the Naya Bazar area, that led to detection of bogus billing of about 18 thousand crores. The sources said, the group had floated a dozen bogus entities for providing fake bills.
In the second case, a money laundering racket was unearthed where current transactions in shares were fraudulently camouflaged as being sales of old shares held for years. The magnitude of the purported scam is estimated to be over one thousand crores.
PM to launch several development projects at Kurukshetra in Haryana
Prime Minister Narendra Modi will inaugurate and lay foundation stone of several development projects at Kurukshetra in Haryana today. He will dedicate to the nation the National Cancer Institute at Bhadsa in Jhajjar district. The institute is the state-of-the-art tertiary cancer care-cum-research centre constructed at the AIIMS Jhajjar campus. The 700-bed hospital will have facilities like surgical oncology, palliative care and nuclear medicine, besides hostel rooms for doctors and attendants of cancer patients.
An official release said, Mr Modi will also inaugurate Employees' State Insurance Corporation's (ESIC) medical college and hospital in Faridabad. This will be the first ESIC medical college and hospital in north India. The 510-bed hospital will have state-of-the-art facilities. ESIC provides social security to the insured persons and their beneficiaries, especially to worker population and their dependents.
The Prime Minister will also lay the foundation stone of National Institute of Ayurveda in Panchkula which is being set up at Shri Mata Mansa Devi Temple Complex. It will be a national-level institute for Ayurveda treatment, education and research.
Foundation stone of Sri Krishna Ayush University in Kurukshetra will also be laid by Mr Modi. It will be the first university related to Indian system of medicine in Haryana as well as the first of its kind in India.
Hindi included as third official court language in Abu Dhabi
Abu Dhabi has decided to include Hindi as the third official language used in its courts, alongside Arabic and English, as part of a move designed to improve access to justice.
The Abu Dhabi Judicial Department (ADJD) said, it has extended the adoption of interactive forms of statement of claims filed before courts by including Hindi.
Our West Asia correspondent reports that an estimated 3.3 million Indian expats live in UAE, and a large number of them are blue collared workers.
The move will help the Hindi speakers to learn about litigation procedures, their rights and duties without a language barrier.
In a tweet, Ambassador Navdeep Suri
Welcoming the move, Ambassador Navdeep Suri said in a tweet “this is an excellent step by Abu Dhabi that will certainly improve access to justice for India's blue collar workers. It also fits perfectly into the wider agenda of UAE's Year of Tolerance”.
Egypt's President el-Sissi Elected New Chairman of African Union
Egypt's President Abdel-Fattah el-Sissi has been elected chairman of the African Union at the continental body's summit in Ethiopia.
The rights group Amnesty International warned that el-Sisi's chairmanship might undermine the African Union's human rights mechanisms.
The rights group said Egypt since 2015 has orchestrated a sustained political attack against the African Commission on Human and Peoples' Rights, the body that aims to monitor African states' human rights records.
"Dozens of cases alleging serious human rights violations have been lodged against Egypt at the ACHPR," it said.
Ricky Ponting appointed Australia’s assistant coach for 2019 World Cup
Three-time World Cup-winning former Australian captain Ricky Ponting will be part of Australia’s coaching staff for the 2019 ICC World Cup. 44-year-old Ponting, who has earlier worked as assistant for Australia’s t20 side in 2017 and 2018, was confirmed by Cricket Australian as assistant coach to Justin Langer for the tournament.
The news comes a day after David Saker resigned as Australia’s fast-bowling coach, effective immediately. Cricket Australia also stated that the appointment will help batting coach Graeme Hicks focus on the preparation for the Ashes which will be held in England after the World Cup.
“This appointment also provides an opportunity for Graeme Hick to focus on preparation for the Ashes,” said interim Team Performance Executive General Manager Belinda Clark. “With two major events back to back we believe it is important to focus a number of staff specifically on one event. The appointment of Ricky is a part of this overall strategy.”