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India, Myanmar signs 7 agreements

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Nay Pyi Taw, May 11: External Affairs Minister Sushma Swaraj on Friday met Myanmar’s top leaders including State Counsellor Aung San Suu Kyi.

Following the bilateral talks, India and Myanmar signed seven agreements.

Yesterday, the Indian Minister arrived  Nay Pyi Taw on a two-day visit.

On her arrival, she held talks with the President of Myanmar, U Win Myint in her first engagement in Myanmar.

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Document in Vijay Mallya case in Supreme Court missing, next hearing Aug 20

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Vijay Mallya

New Delhi, Aug 6 : In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files.

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.

Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya’s appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. “Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years,” said the bench.

In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. “The Review Petition shall, thereafter, be considered on merits,” it added.

In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. The banks claimed Mallya transferred $40 million from Daigeo to his children’s accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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Man arrested in Agra for killing wife, daughter

According to reports, the main accused, Virendra Kumar Tomar married Gunjan in 2015.

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Agra, Aug 6 : A man was arrested in Agra for stabbing his wife and their three-year-old daughter to death allegedly for dowry.

In the incident, which took place on Wednesday morning, the couple’s second 18-month-old daughter also sustained stab injures and was now in critical condition.

According to reports, the main accused, Virendra Kumar Tomar married Gunjan in 2015.

His father Ramveer informed police that Gunjan had been staying at her parents’ house in Firozabad for the last two months and had returned to her husband’s home on Monday.

Agra Senior Superintendent of Police (SSP), Babloo Kumar rushed to the spot of the double murder and a forensic team was also called to collect samples from the crime scene.

“The main accused, Virendra, has been arrested on the charge of murdering his wife and daughter. One of his daughters, who was also stabbed with a kitchen knife, was admitted in hospital. Her condition is critical.

“During interrogation, the accused admitted that he had differences with his wife, and that he stabbed his wife and both their daughters after a fight,” the SSP said.

Gunjan’s brother Nitin Kumar Sishodiya arrived from Tundla on Wednesday and filed a complaint at Malpura police station, alleging that his sister was frequently harassed for dowry.

He blamed Virendra and his family members for the murders.

Station house officer (SHO) of Malpura, Anurag Sharma, said: “On a complaint by Gunjan’s brother, a FIR has been registered against her husband, Virendra, and six members of his family — his father, mother, three sisters and a brother.

The case has been registered under the Dowry Prohibition Act and sections 498 A (husband or relative of husband of a woman subjecting her to cruelty), 302 (punishment for murder), 304 B (where the death of a woman is caused by any burns or bodily injury or occurs other than under normal circumstances within seven years of her marriage and it is shown that soon before her death she was subjected to cruelty or harassment by her husband or any relative of her husband) of the IPC.

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RBI leaves repo rate unchanged at 4%, reverse repo rate at 3.35%: Shaktikanta Das

RBI is perhaps the only central bank in the world which has set up a special quarantine facility for continuity of critical operations.

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Shaktikanta Das

Repo rate remains unchanged at 4%, and Reverse repo rate also remains unchanged at 3.3%, RBI Governor Shaktikanta Das said.

Accommodative stance of the monetary policy will continue as long as necessary to revive growth and mitigate the impact of COVID19 pandemic, while ensuring that inflation remains within target going forward.

RBI is perhaps the only central bank in the world which has set up a special quarantine facility for continuity of critical operations.

Taking into consideration all factors, the GDP growth in the first half of the year is estimated to remain in the contraction zone. For the year 2020-21 as a whole, real GDP growth is also estimated to be negative: Reserve Bank of India (RBI) Governor Shaktikanta Das

Monetary Policy Committee (MPC) noted that in India too, economic activity had started to recover, but surges of fresh infections have forced fresh lockdowns, hence several high-frequency indicators have levelled off: RBI Governor Shaktikanta Das

With COVID19 infections rising under fragile micro-economic&financial conditions, we propose to take regulatory&developmental measures – enhance liquidity support for financial markets, ease financial stress caused by COVID19 while strengthening credit discipline improve the flow of credit, deepen digital payment systems and facilitate innovations by leveraging technology.

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