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liveMint February 27, 2020 RBI flags risks to banks, inflation in telecom crisis Mumbai: The Reserve Bank of India (RBI) is concerned about the fallout of the Supreme Court order on telecom dues and is watching developments in the industry closely, a senior official aware of the matter said. The central bank is worried that further tariff hikes, as sought by telecom operators, could be inflationary, a concern it raised in December too when telcos upped tariffs for the first time in over a decade. Another concern is the impact of the court order on banks, which have substantial exposure to telecom companies. A collapse of an operator will add to lenders’ bad loan pile. “The government is working on a potential rescue plan for the sector and is likely to consider RBI’s request," the person said. To ease the burden on telcos, RBI requested the government to allow telecom companies to stagger their payment of dues to the government over the next two-three ye...

Theprint February 27,2020 ‘Battered capital’ in HT while Telegraph calls out PM’s 69-hour late response Violence-hit Delhi with a rising death toll dominates Page 1. The Supreme Court and High Court statements criticising police inaction also figure prominently across newspapers. The financial press marks the economic woes due to coronavirus concerns while lone wolf Business Standard focuses on the telecom industry’s never-ending troubles. The Times of India’s headline “Toll soars to 27…” says it all. The lead report on ‘26-Yr-Old IB official among those killed’, notes, “The latest victim was a young Intelligence Bureau official, Ankit Sharma, whose body was found floating in a drain in the Chand Bagh area.” On a more positive note, the report, ‘Their houses burnt, many Muslims find safe haven in Hindu homes’ speaks of how “40-odd Muslim residents of northeast Delhi’s Ashok Nagar have found brotherhood and hope amid the smouldering ruins.” On the top ...

The New Indian Express February 27, 2020 National Conference, PDP ‘put to sleep’ as new political parties spring up in J&K   SRINAGAR: The ground seems to be shifting from under the feet of established grassroots political parties in Kashmir with unending detentions of top leaders adding to their isolation. In the political vacuum, left behind by the Peoples Democratic Party (PDP) and the National Conference, there is now a perceptible shift away to a nebulous group made up of deserters from mainline parties. The gravitational shift has been visible post-August 5 following the scrapping of Article 370 and splitting of the state into two Union territories, followed by detentions of the big political guns, including three former chief ministers — Dr Farooq Abdullah, Mehbooba Mufti and Omar Abdullah under the Public Safety Act. The forced abstentions have led to their parties — the PDP and NC —   being left ‘rudderless.’ Stepping into t...

Dailyhunt February 27, 2020 Pakistan 'pernicious cradle of terrorism': India at UNHRC Geneva, Feb 27: Describing Pakistan as the 'pernicious cradle of terrorism', India on Thursday slammed the neighbouring country for raising concerns over human rights in Jammu and Kashmir and said that before preaching others, it must remember that terrorism is the worst form of rights abuse. Exercising the right of reply after Pakistan raised concerns over human rights in Jammu and Kashmir at the 43rd Session of the Human Rights Council, First Secretary in India's Permanent Mission Vimarsh Aryan said that over the past seven months India has undertaken a series of democratic and progressive legislative reforms in Jammu and Kashmir.  He said the reforms are aimed to further protect the overall human rights of Indian citizens and to curb Pakistan's 'nefarious designs' aimed at damaging the syncretic fabric of Indian society. 'The internati...