SRINAGAR: The government of the Union Territory of Jammu and Kashmir government has sent eviction notices to two former chief ministers, Omar Abdullah and Mehbooba Mufti, to get them to vacate their official bungalows on Gupkar Road in Srinagar, officials sources said on Tuesday. Another former CM, senior Congress leader Ghulam Nabi Azad, had a few weeks ago vacated the official Gupkar Road house allotted to him. Azad, as a former CM, had been occupying the J&K Bank’s guesthouse as his official residence, as provided in the J&K Legislature Members’ Pension Act, 1984. The said law was scrapped when the J&K Reorganisation Act of 2019 took hold on October 31, 2019. Former CMs Omar Abdullah and Mehbooba Mufti are in possession of two bungalows — Gupkar No.1 and Fairview House — which are fitted with modern facilities like gyms, saunas and steam baths. In a report submitted to chief secretary B V R Subrahmanyam, Justice M K Hanjura (Retd), chairperson of … [Read more...] about Jammu and Kashmir government sends eviction notices to Omar Abdullah , Mehbooba Mufti over official bungalows
Canara bank top officials
MUMBAI: Fugitive diamantaire Nirav Modi had purchased one of America’s oldest jewellery companies — Bailey Bank & Biddle — in 2010 and invested around Rs 327 crore of the money from the Punjab National Bank fraud into the company, says the supplementary chargesheet filed by Enforcement Directorate (ED). ED officials said Nirav purchased Bailey Bank & Biddle through a shell company and his brother Nehal was made one of the directors in the jewellery retailer. They said all the instructions related to the running of the company were issued by Nirav himself. ED submitted related details to the court as part of the chargesheet and attached statement of an expert who carried out due diligence and helped Nirav in the purchase. ED also attached email communication on transfer of funds between Nirav and his aides from a ‘secret server’. The firm’s website says that it was founded in 1832. “On September 10, 1832, Bailey & Kitchen, the name … [Read more...] about Nirav Modi invested PNB scam funds in US firm he bought in 2010
Global demand may take a turn for the better next year, an official of the country's banking and insurance regulator said on Tuesday. "A big change in the external environment of China may take place in 2020," Yu Xuejun, chairman of the supervisory board for key State-owned financial institutions at the China Banking and Insurance Regulatory Commission, said at the 17th Caijing Annual Conference in Beijing. One of the reasons behind the change is that the US Federal Reserve has adjusted its monetary policy since the end of July and cut interest rates three times in a row. The Fed also stopped reducing its balance sheet and began injecting liquidity into the market. This may stimulate a recovery of global demand in the second half of next year and drive global economic growth, Yu said. Technology breakthroughs and innovation may also lead to the change. "Artificial intelligence, quantum computing and blockchain seem to be on the eve of breakthroughs, in addition to the development and … [Read more...] about Global demand may see upturn in 2020
Video PlayerClose BRUSSELS, Aug. 15 (Xinhua) -- The Turkish lira has been under significant pressure in recent weeks amid U.S.-Turkey tensions over continued detention of an American pastor in Turkey. Instead of pursuing a compromise, Turkey declared on Wednesday morning that the government had raised tariffs on U.S. imports, including passenger cars, tobacco and alcohol. As the Turkish lira has fallen over 40 percent in value so far this year, European economists are revealing how the financial meltdown in Turkey will affect the neighboring European Union (EU). "MANAGEABLE" RISKS FOR BANKS Economists with Brussels-based think tank Bruegel believe a financial crisis in a neighbor country of the EU could have a direct negative impact on the EU economy, mainly through the exposure of its banks operating in Turkey (in particular from Spain, France, Italy and Germany) and through trade with Turkey. "Compared to the size of the European economy, these exposures to Turkey are relatively … [Read more...] about News Analysis: How Turkish currency crisis affects EU?
For Quick Alerts Subscribe Now Rafale review verdict LIVE: SC’s final judgment on Thursday View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 19 min ago South Korean river turns red after mass pig slaughter 20 min ago Shocking! More than 1500 migratory birds found dead in Rajasthan 23 min ago Karnataka MLAs disqualification case: Here's a timeline Must Watch Don't Miss Automobiles MG Aims At Selling Up To 3,000 Units Of The All-Electric ZS SUV In India Technology BSNL Launches Prepaid Plans Starting At Rs. 97, Offering 2GB Daily Data Lifestyle On Aryan Khan's Birthday, His Inspiring Casual Stylish Looks Finance SBI Research Suggest Ways To Avert PMC Bank-Like Crisis Movies Mahesh Babu And Ajith Kumar Continue To Be In The Most Influential Lists Of 2019 and 2018! Sports CM Punk joins FOX’s WWE Backstage, official statement released Travel Mandi – An Unexplored Gem Of India Education … [Read more...] about Rafale review verdict LIVE: SC’s final judgment on Thursday