Happy Media

  The Indian Express Dated: September 08, 2020 By:    Sandeep Singh  ,  George Mathew   The Kamath panel has said companies in sectors such as retail trade, wholesale trade, roads and textiles are facing stress. The sectors that have been under stress pre-covid include NBFCs, power, steel, real estate and construction among others. Corporate sector debt worth a whopping Rs 15.52 lakh crore, or 29.4 per cent of the banking sector debt to the industry, has come under stress after  Covid-19  hit India and lockdown was imposed across all the states since the last week of March this year. The KV Kamath committee, which worked out the financial parameters for loan restructuring, has said banking debt worth Rs 23.71 lakh crore, or 45 per cent of banking sector debt, was already under stress before Covid-19 hit the economy. This effectively means, according to the industry matrix in the report, 72 per cent of the banking sector debt worth Rs 37.72 lakh cr...

  The Indian Express Dated: September 08, 2020 By:  T he 49-year-old fugitive diamantaire was arrested on 19 March, 2019, on an extradition warrant executed by Scotland Yard on charges of fraud and money laundering brought by the Indian government London:  A UK judge, presiding over fugitive diamantaire Nirav Modi's extradition case over the estimated USD 2-billion PNB fraud and money laundering charges brought by India, rejected an application seeking a partial reporting ban at the start of a five-day trial here on Monday. District Judge Samuel Goozee dismissed the application after hearing representations in what he called a high profile case in India, including from members of the press present at Westminster Magistrates' Court who stressed the importance of free and fair reporting of the proceedings. Modi's barrister, Clare Montgomery, applied for the partial restriction with reference to a BJP press conference held in India in May, giving "unfair commentary" ...

Hindustan Times Dated 07.09.2020 By Arpan Rai China’s exports continued to expand due to demand for medical goods, electronics, and the effects of major trading partners gradually resuming business activities. Exports rose 9.5% in dollar terms in August from a year earlier to $235.3 billion, the third-highest level on record, customs data showed. Both the value of shipments to the US and the bilateral trade surplus were at the highest levels since November 2018. China’s exports have defied expectations this year, growing significantly faster than global trade due to strong demand for Covid-related goods. The gradual reopening of many economies in Asia and around the world has also increased appetite for Chinese goods, although it’s unclear how long the nation will continue to benefit from these factors. “China’s surprising resilience in exports amid the global pandemic is due to some special factors,” said Lu Ting, chief China economist at Nomura International HK Ltd. That includes sur...

  The Wire Dated: September 08, 2020 By: The MHA suspended FCRA licenses of Ecreosoculis North Western Gossner Evangelical in Jharkhand, the ECA in Manipur, Northern Evangelical Lutheran Church in Jharkhand and NLFA in Mumbai New Delhi:  The Ministry of Home Affairs (MHA) this year has suspended the licenses of six non-governmental organisations (NGOs) under the Foreign Contribution (Regulation) Act (FCRA), 2010, of which four are Christian associations, according to a report in  The Hindu . An FCRA licence is mandatory for a non-profit organisation to receive foreign funds. The four Christian groups whose FCRA was suspended are Ecreosoculis North Western Gossner Evangelical in Jharkhand, the Evangelical Churches Association (ECA) in Manipur, Northern Evangelical Lutheran Church in Jharkhand and New Life Fellowship Association (NLFA) in Mumbai. The reasons for the suspension or violation were not specified, the  report  said. At least two US-based Christian dono...

  FirstPost Dated: September 07, 2020 By: The 49-year-old fugitive diamantaire was arrested on 19 March, 2019, on an extradition warrant executed by Scotland Yard on charges of fraud and money laundering brought by the Indian government London:  A UK judge, presiding over fugitive diamantaire Nirav Modi's extradition case over the estimated USD 2-billion PNB fraud and money laundering charges brought by India, rejected an application seeking a partial reporting ban at the start of a five-day trial here on Monday. District Judge Samuel Goozee dismissed the application after hearing representations in what he called a high profile case in India, including from members of the press present at Westminster Magistrates' Court who stressed the importance of free and fair reporting of the proceedings. Modi's barrister, Clare Montgomery, applied for the partial restriction with reference to a BJP press conference held in India in May, giving "unfair commentary" on the evid...

FirstPost Dated: September 07, 2020 By:  The final ruling came after Khashoggi's sons in May said they'd 'pardoned' the killers, a move condemned by a UN expert  Riyadh:  A Saudi court Monday overturned five death sentences over journalist Jamal Khashoggi's murder in a final ruling that jailed eight defendants to between seven and 20 years, state media reported. "Five of the convicts were given 20 years in prison and another three were jailed for 7-10 years," the official  Saudi Press Agency  said, citing a spokesman for the public prosecutor. None of the defendants were named in what was described as the final court ruling on the killing which had sparked an international outcry. The verdict came after Khashoggi's sons said in May they had  "pardoned" the killers , a move condemned as a "parody of justice" by a UN expert. The family's pardon spared the lives of five unnamed people sentenced to death over the 2018 murder in a De...

 HINDUSTAN TIMES DATED: September 07, 2020 BY: Kran Pratap Singh The special cell team had been intercepting telephonic conversations of an illegal arms supplier based in Uttar Pradesh and keeping a tab on their activities for the past few months Delhi Police on Monday claimed to have arrested two suspected members of the banned militant outfit Babbar Khalsa International (BKI) after a brief exchange of fire near Nirankari ground in north Delhi. Police said the suspected BKI members had come to Delhi from Punjab late at night on Saturday to collect a consignment of illegal arms and ammunition. At least six rounds of fire were exchanged between the suspected BKI members and the police personnel. Six pistols and 40 cartridges were seized from the arrested duo, who have been identified as Bhupender alias Dilawar Singh and Kulwant Singh. Both the arrested accused belong to Ludhiana in Punjab, said Delhi Police’s special cell officials, who were involved in the operation. Sanjeev Kumar ...