India News

India News

IRDA fines Aegon Religare Rs.40 lakh for violations

Chennai : India's insurance regulator Friday announced it has fined private life insurer Aegon Religare Life Insurance Rs.40 lakhs for violations of its regulations.

According to the Insurance Regulatory and Development Authority (IRDA), Aegon Religare has to pay the penalty charges under different heads within 15 days from the date of receipt of its order.


Supreme Court query on adjustment of power subsidy dues

New Delhi : The Supreme Court Friday issued notices to the three private distribution power utilities in the capital as to why government subsidies due to them should not be adjusted against their current outstanding dues, as opposed to what was owed to them historically.

A bench of Chief Justice R.M. Lodha, and Justices Madan B. Lokur and Kurian Joseph, while issuing the notice, declined to put on hold a hearing on the contempt petition against the power distribution companies by those who supply electricity to them.


Modi calls for greater cooperation with Bangladesh in energy

New Delhi : Prime Minister Narendra Modi Friday called for greater cooperation between India and Bangladesh in the areas of energy, power, infrastructure and tourism.

As visiting Bangladesh Foreign Minister Abul Hassan Mahmood Ali called on him, Modi reiterated India's resolve to continue extending full support to efforts of Bangladesh for its socio-economic development.

"In this context, he called for greater cooperation between India and Bangladesh in the areas of energy, power, infrastructure development and tourism," a PMO statement said.

Kashmir banks' business rehab package meet Sep 23

Srinagar : All banks operating in Jammu and Kashmir will meet Sep 23 to work out rehab packages for business establishments that suffered huge losses in the floods.

The Jammu and Kashmir Bank, the state's premier bank and the convenor of the state-level bankers committee (SLBC) Friday announced convening of a special SLBC Sep 23 to consider rehabilitation of businesses ravaged by floods in the state.

Saradha scam: CBI quizzes CPI-M leader Rabin Deb

Kolkata : The CBI Friday questioned CPI-M leader Rabin Deb in the multi-crore rupee Saradha scam.

Deb, a former West Bengal legislator, had earlier sought a few days time after receiving the Central Bureau of Investigation's (CBI) summons.

"I was out of station. I had requested for a few days time as I had a scheduled programme. But it was cancelled. So I called up the agency asking if I can appear today (Friday) which they allowed," he told media persons after the questioning session.


IITs ranked higher than Harvard: Smriti Irani

New Delhi : The Indian Institutes of Technology (IITs) are ranked fourth on a list of 50 best entrepreneurial undergraduate institutes in the world, Human Resource Development Minister Smriti Irani said Friday.

Quoting the compilation by PitchBook Data, a US-based private equity and venture capital research firm, Irani said that the "feat calls for or further celebrations as the IITs have been ranked higher than some of the best Ivy League universities such as Harvard".


UP to establish Nirbhaya centres in all districts

Lucknow : Uttar Pradesh will soon be establishing Nirbhaya centres in every district to enable quick relief to women victims, an official said Friday.

These centres will be opened in women hospitals and women police stations with the objective of providing prompt medical attention and relief to victims, the official added.

A committee will also be constituted under the chairmanship of chief secretary for supervising the running of these centres and ensuring early execution of required action for establishment of Nirbhaya centres.


Modi calls for legal frameworking of 'Swachh Bharat' mission

New Delhi : Prime Minister Narendra Modi Friday stressed the need for creating a legal architecture to institutionalize his "Swachh Bharat" national sanitation campaign to be launched on Oct 2, with the aim of creating a clean India by 2019.

He was chairing a high-level meeting to review preparations for the launch of Mission Swachh Bharat, the Prime Minister's Office (PMO) said in a statement.

The clean India campaign should become the agenda of the entire country, Modi said at the meeting.


Rajnath Singh meets Nepal Maoist leader, seeks miracle

By Anil Giri,

Kathmandu : Visiting Indian Home Minister Rajnath Singh Friday met leader of the United Communist Party of Nepal-Maoist (UCPN-M) Pushpa Kamal Dahal aka Prachanda and discussed a wide range of political and bilateral issues.

Rajnath Singh praised Prachanda for performing a miracle by bringing back peace in Nepal and urged him to do another, a Maoist leader said.

"Under your leadership, the long awaited peace process was completed. Now time has come for another miracle by helping bring out a new constitution," he told Prachanda.


Gates foundation donates $700,000 for Kashmir flood victims

New Delhi : The Bill and Melinda Gates foundation has donated $700,000 for the flood victims in Jammu and Kashmir, a statement said Friday.

The announcement was made by Bill Gates after he called on Minister of State in the Prime Minister's Office Jitendra Singh here to discuss "mutually shared areas of interest".