Saurav Mukherjee

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India Dec 14, 2019

JNU Fee Hike Row: VC M Jagadesh Kumar Alleges Assault on Campus, Students Call Him 'Habitual Liar'

Hours after the meetings with students and teachers of Jawaharlal Nehru University to discuss the hostel fee hike, varsity Vice-Chancellor M Jagadesh Kumar alleged that he was attacked and heckled by students. While the students claim that Kumar is a habitual liar and ran away from the meeting when a student asked him a question.
World Dec 12, 2019

Imran Khan Fires Fresh Salvo Against 'Hindu Supremacist' Modi Govt Over CAB Passage, Draws Parallels With Nazi Germany

Pakistan PM Imran Khan compared the Narendra Modi government with Nazi Germany and alleged that India has been moving systematically with its 'Hindu Supremacist' agenda under BJP rule. The comments were made a day after CAB 2019 was passed in Rajya Sabha amid the massive uproar.
India Dec 11, 2019

CAB Protest: Stone Pelted at Assam CM Sarbananda Sonowal's House, Protesters in Assam Set Ablaze Chabua And Panitola Railway Stations

Hours after the state administration extended a curfew in Guwahati citing violent protest over Citizenship Amendment Bill on Wednesday, reports are arriving stones were pelted at the house of Assam Chief Minister Sarbananda Sonowal in Dibrugarh by protesters. Also, protesters have vandalised Chabua and Panitola railway stations and set fire to properties there.
India Dec 06, 2019

Vodafone-Idea Chairman Kumar Mangalam Birla Warns Centre of Business Closure in India, Says 'Will Have to Shut Shop if No Govt Relief'

Days after declaring a net loss of Rs 50,921 crore for the second quarter, Vodafone-Idea Chairman Kumar Mangalam Birla said that he would consider shutting the telecom company if the government doesn't provide a relief of Rs 32,000 crore of input tax credit that it has sought. Vodafone-Idea had reported that its loss rose 42% to Rs 11,146.4 crore during the second quarter.
India Dec 04, 2019

PMC Bank Scam: Rs 70 Crore Was Withdrawn by 23 Bankers, Clients Shortly Before RBI Sanctions, Reveals Mumbai Police's EOW

The Economic Offences Wing (EOW) of Mumbai Police have claimed that prior to the restrictions imposed by Reserve Bank of India, 23 individuals comprising senior bankers, directors and account holders allegedly withdrew around Rs 70 crore.
India Dec 03, 2019

Public Sector Banks Disbursed Rs 2.39 Lakh Crore Credit in November, MSMEs, Farmers Benefited Through 'Loan Melas': Nirmala Sitharaman

The Union FM Nirmala Sitharaman on Tuesday informed that public service banks (PSBs) disbursed as much as Rs 2.39 lakh crore credit in November to non-bank lenders, large and small businesses -- including MSMEs -- to increase the access of funds. The Union Minister also stated that the farmers were also disbursed credit to help tackle the economic crisis.
India Dec 02, 2019

Nirmala Sitharaman Responds to Rahul Bajaj, Opposition's Tirade: 'Been Told I'm Worst FM...Not in Our DNA to Run Away From Questions'

Facing criticism over the declining GDP growth rate and plunging economy, Union FM Nirmala Sitharaman stated that the BJP government had never run away from questions, as it is "not in their DNA". She also mentioned that it is the PM Narendra Modi-led government that listens and responds to criticism and said, "It is not in our DNA to runaway from questions."
India Nov 01, 2019

Jharkhand Assembly Elections 2019 Schedule Announced by ECI, Opposition Parties Hold Seat-Sharing Talks to Keep BJP Out of Power

With the schedule for Jharkhand Assembly Elections 2019 is out, the political alliance between parties are gaining momentum to maximise their chances to form the government. Opposition Jharkhand Mukti Morcha has made an alliance with Congress and other regional parties.
India Oct 31, 2019

Naga Peace Talks: Breakthrough in Deadlock as NSCN(IM) Softens Stand on Separate Flag, Constitution

The meeting between a 15-member delegation of NSCN(IM) and Centre’s interlocutor RN Ravi on the issue of "Greater Nagalim" and Naga peace talks concluded on Thursday. Unconfirmed reports state that the deadlock over separate flag and Constitution has been broken and they had agreed to sign a peace accord without a separate Naga constitution and with a "conditional flag".
India Oct 24, 2019

Airtel, Vodafone in a Fix After Supreme Court Orders Telcos to Clear Dues Worth Rs 92,000 Crore

In a major setback of the Vodafone-Idea and Bharati Airtel, the Supreme Court accepted the Department of Telecommunication's definition of Adjusted Gross Revenue (AGR) issue. It gave the judgment in the Union government's favour. With this judgment, the apex court also held telcos would have to pay all penalties and interests upto Rs 92,000 crores.
India Oct 22, 2019

Infosys Shares Nosedive by 16% After Whistleblowers Allege 'Unethical Practices', Crash Wipes Rs 53,452 Crore Off Investors' Wealth in a Day

With reports of whistleblowers alleging certain 'unethical practices' in India's second-largest IT services company making the headlines, shares of Infosys' nosedived by 16 percent on Tuesday -- leading to wiping out investors' wealth worth nearly Rs 53,000 crore. Here's the full report.
India Oct 18, 2019

Economic Crisis: Modi Government Likely to Simplify Taxes, Roll Out More Steps to Re-Spur Growth, Says CEA Krishnamurthy Subramanian

With the reports of the economic crisis gripping the country and GDP rate, CEA at the Union Finance Ministry -- Krishnamurthy Subramanian, said that the Narendra Modi government is planning to take more steps to boost consumer demand by injecting liquidity through banks. Also, simplifying the taxes are other measures that the government is mulling to raise economic growth.
India Oct 17, 2019

India Likely to Miss Fiscal Deficit Target of 3.3% of GDP by 30-50 Basis Points for FY 19-20: Reports

With the country reeling under the economic crisis, reports are arriving that India is most likely to miss its fiscal deficit target of 3.3 percent of GDP for the current Financial Year (FY 2019-20) by 30-50 basis points. Sources state that sharp slowdown in the economy that has severely crimped tax collection goals.
India Oct 16, 2019

Ayodhya Case Hearing, Day 40: Sunni Waqf Board Likely to Withdraw Suit After UP Govt Recommends CBI Inquiry Against Zafar Ahmed Farooqui

With the hearing for politically sensitive Ayodhya case entering the last day, reports are arriving that Sunni Waqf Board is most likely to file an affidavit in the Supreme Court giving up its claim. The following development comes after UP government had recommended a CBI inquiry against the chairman of the Sunni Waqf Board -- Zafar Ahmed Farooqui
India Oct 14, 2019

Nirmala Sitharaman Asks MSMEs to Respond by Oct 22 if They Would Provide Bill Discounts to Corporates Who Owe Them Rs 40,000 Crore

With economic slowdown gripping the country, Union FM Nirmala Sitharaman announced that her ministry had given a deadline to MSMEs till October 22, 2019, to respond about bill discounting. She also mentioned that the Union Corporate Affairs Ministry has a complete list of companies which stated that they owe MSMEs nearly Rs 40,000 crore.
India Oct 14, 2019

WPI Inflation Rate Declines to 0.33% in September, Down by 2.91% Since April 2019

The WPI for 'all commodities' for September 2019 declined by 0.1% to 121.3 from 121.4 in August 2019, while the rate of inflation for September 2019 stood at 0.33% in comparison to 1.08%. Earlier the inflation rate -- based on monthly WPI -- was at 5.22% during the September 2018.
India Oct 12, 2019

PMC Bank Crisis: RBI Governor Shaktikanta Das Assures Nirmala Sitharaman To Keep Clients and Their Concerns on Top Priority, FM Says Govt 'Understands Justified Worries of Customers'

Two days after facing the angry accountholders of ailing PMC Bank, Union Minister Nirmala Sitharaman on Saturday met the RBI Governor Shaktikanta Das, who assured her that clients and their concerns would be kept on top priority. Sitharaman stated that the Union Finance Ministry understands the "justified worries" of the customers.
Auto Oct 11, 2019

Auto Sector Crisis Deepens in Second Quarter of FY 19-20, Passenger Vehicle Sales Decline by 23.69% in September

With reports of the economic crisis gripping the auto sector completely, SIAM data states that September had been extremely rough on the Indian market. Data reveals that there has been a plunge of 23.69 percent in the sale of passenger vehicles in the last month of Q2 of the FY 2019-20, while the commercial vehicle sales declined by 62.11 percent.
India Oct 04, 2019

PMC Bank Crisis to Impact Maharashtra Assembly Elections 2019? Depositors Seek Access to Their Money with Placards Saying 'No Solution, No Vote'

The Assembly Elections in Maharashtra are just a few weeks away, and the recent alleged Rs 6,500 crore scam of PMC Bank may create an adverse impact on it. Though the Mumbai Police EOW arrested suspended MD Joy Thomas, and HDIL Directors Sarang Wadhawan and Rakesh Wadhawan for alleged involvement; waves might turn upside down. Depositors have sought access to their money with placards saying -- "No Solution, No Vote".
India Oct 04, 2019

Gold Prices Today: Gold Rates Up by Rs 210 Ahead of Navratri 2019 Long Weekend, Silver Price Falls by Rs 121; Check Rates Here

Amid the economic slowdown in the country gold price in the MCX exchange ended with a rise of Rs 210 per 10 grams in value while for silver, the rates declined by Rs 121 per kilogram. Following this, the price of gold stood at Rs 38,000 per 10 grams while for silver, the rates plunged to Rs 45,530 per kilogram.

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