Month: September 2021

PM’s Departure Statement ahead of his visit to USA

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I will be visiting USA from 22-25 September, 2021 at the invitation of His Excellency President Joe Biden of the United States of America During my visit, I will review the India-U.S. Comprehensive Global Strategic Partnership with President Biden and exchange views on regional and global issues of mutual interest. I am also looking forward to meeting Vice President Kamala Harris to explore opportunities for cooperation between our two nations particularly in the area of science and technology. I will participate in the first in-person Quad Leaders’ Summit along with…

Macron and Modi discuss Indo-Pacific cooperation as France’s row with Australia, US intensifies

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Following fallout of a France deal with Australia after the latter’s cancellation of a $40 billion French submarine order, French President Emmanuel Macron held a phone conversation with PM Narendra Modi on Tuesday to discuss cooperation over the Indo-Pacific region. A statement released from Macron’s office said that the two leaders also discussed issues such as the crisis in Afghanistan. Macron assured Modi of France’s continued “commitment to the strengthening of India’s strategic autonomy, including its industry and technology base, as part of a close relationship based on trust and…

Russia responsible for murdering ex-spy Alexander Litvinenko: ECHR

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The European Court of Human Rights (ECHR) has ruled on Tuesday that Russia was behind the murder of ex-spy Alexander Litvinenko. The court said that there was a “strong presumption” that Litvinenko had been assassinated by individuals “acting as agents of the Russian state”. It also added that the Russian government “failed to provide any other satisfactory and convincing explanation of the events”, nor did it carry out “an effective domestic investigation” aimed at identifying and punishing those responsible. Litvinenko defected to the UK before which he had worked for…

Adani Ports gets CCI nod to acquire 10.4 % stake in Gangavaram Port

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Competition Commission of India (CCI) gave its nod to Adani Ports on September 20 to acquire a 10.4 percent stake in Gangavaram Port in Andhra Pradesh. “Commission approves proposed acquisition of 10.40% equity shareholding of Gangavaram Port by Adani Ports and Special Economic Zones Ltd,” CCI said in a statement. The CCI approval comes a month after Adani Ports received the approval from Andhra Pradesh government to acquire the stakes in Gangavaram Port. The total amount of the deal is Rs 644.78 crore, and the transaction is expected to be…

Heroin imported as talc by Vijayawada based firm seized at Mundra port

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Around three tonnes of heroin was seized at Mundra port on Sunday in Gujarat. However, according to sources, this is just a tip of the iceberg, as the drug smugglers had earlier imported 24 tonnes and placed it in the distribution channel that is operational in several parts of the country. Going by the estimate of the Directorate of Revenue Intelligence (DRI), the heroin seized on Sunday was worth Rs 9,000 crore, while the earlier consignment that was sneaked into the country would be valued at more than Rs 70,000…

Union Minister Dr Jitendra Singh proposes Integrated Aroma Dairy Entrepreneurship for J & K to augment the income of farmers

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Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today met Union Minister of Fisheries, Animal Husbandry and Dairying, ShParshottamRupala and proposed Integrated Aroma Dairy Entrepreneurship for Jammu & Kashmir to augment the income of farmers. Dr Jitendra Singh informed Shri Rupala that Jammu & Kashmir has abundant stock of Animal Husbandry and Dairy resources and suggested that the same can be effectively integrated with Aroma Mission which has already…

OIL organizes study visit for school students to a Sucker Rod Pump

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Oil India Limited (OIL), India’s second largest National Exploration & Production Company, organised a study visit for school students to a Sucker Rod Pump in one of its installation at Duliajan on 21st September 2021 as a part of celebration under Azadi Ka Amrit Mahotsav. Production Engineers from Oil India Limited explained the students about the functions of a rod pump. The engineers explained the students about the artificial lift technique in a well that provides mechanical energy to lift oil from bottom-hole to surface. The students were explained how efficient, simple,…

Former Nomura Vice President of Digital Assets joins Komainu as Head of Strategy

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Komainu (“the Company”), a regulated digital asset custody services provider built by institutions for institutions, today announced it has appointed Sebastian Widmann as Head of Strategy. In this role, Mr. Widmann will be tasked with guiding Komainu through its next stage of growth and the Company’s end goal of becoming a one stop shop for institutions seeking exposure to digital assets. Mr. Widmann joins Komainu from Nomura, where he served as Vice President of the Wholesale Digital Office and was the first hire of its digital assets division. In 2015, he contributed to a research paper that discussed…

Income Tax Department conducts searches in West Bengal

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The Income Tax Department carried out a search and seizure operation on 17.09.2021 on a prominent group engaged in manufacturing of steel products. 25 premises consisting of 8 residences, 9 offices and 8 factories, spread over Kolkata, Durgapur, Asansol and Purulia and other regions of West Bengal were covered in the operation. The search operation has led to the detection of huge quantity of incriminating documents and digital evidence from different premises. Evidences pertain to generation of unaccounted income by the group by way of unaccounted  cash sales, unaccounted cash expenditure,…

Income Tax Department conducts searches in Delhi, Punjab and West Bengal

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The Income Tax Department carried out a search and seizure operation on 18.09.2021 on a leading business house of India involved in manufacture of textile and filament yarn having corporate offices in Delhi, Punjab and Kolkata. During the course of the search operation, many incriminating documents, loose sheets, diaries, digital evidences etc have been recovered which indicate involvement of the group in routing of unaccounted funds back in its Indian entities, possession of foreign bank accounts unreported to the Department. Substantial evidence of transactions outside the books of accounts, cash…