Chabahar Port in Iran will be operational by 2019: India

Agencies
June 24, 2018

Kabul, Jun 24: According to a government statement, India will make sure that Chabahar Port in Iran becomes operational by 2019. India`s statement came after the United States (US) threatened to renew sanctions against Tehran.

The Chabahar port complex is expected to open way for millions of dollars in trade and cut its dependence on Pakistan.

This Indian-backed port is being developed as part of a new transportation corridor for land-locked Afghanistan, Tolo News reported.

Iran and India, in February, signed an agreement worth $85 million to develop Chabahar Port in south-eastern Iran.

The lease agreement gives operational control to India of Shahid Beheshti port (phase one of the Chabahar port) and was signed in the presence of Iranian President Hassan Rouhani and Prime Minister Narendra Modi in New Delhi.

Prime Minister Modi after signing the agreement said the two sides want to expand bilateral ties and cooperation in economic development.

On May 8, US President Donald Trump announced Washington`s withdrawal from the Joint Comprehensive Plan of Action (JCPOA) or the Iran nuclear deal which limited the country`s uranium enrichment in exchange for sanctions relief.

These sanctions threaten to derail the project which would help Afghanistan in building its economy.It is also believed that banks could pull back from financing the port.

The Iran nuclear deal was signed between six countries in 2015 - Iran, US, Britain, Germany, Russia, France and China for lifting economic sanctions on Tehran in exchange for limitations to the country`s nuclear programme.

Iran had earlier said it would move out of the deal and resume its nuclear activities if the other parties to the nuclear deal fail to safeguard Iran`s interests.

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Agencies
April 23,2020

New Delhi, Apr 23: With an increase of 1,229 new COVID-19 cases in the last 24 hours, the total number of cases reached 21,700, said the Union Ministry of Health and Family Welfare on Thursday.

The tally is inclusive of 16,689 active cases, 4,325 patients have been cured/discharged and migrated, while 686 patients who have died due to the deadly virus.

According to the ministry's data, Maharashtra is on the top of the list with most COVID-19 cases, 5,652 cases of which 789 patients have recovered and 269 patients succumbing to coronavirus.

Gujarat and Delhi are second and third on the list respectively with Gujarat having 2407 cases of which 179 patients have recovered and 103 deaths. Meanwhile, in Delhi, the tally stands at 2248 cases of which 724 patients have recovered and 49 patients have died from COVID-19.

Rajasthan's tally stands at 1,890 cases with 230 patients cured while 27 deaths have been reported as of Thursday.

Madhya Pradesh has 1695 cases of which 148 patients have recovered and 81 deaths reported. Tamil Nadu, on the other hand, stands with 1629 cases of which 662 patients have recovered and 18 have died due to the deadly virus.

Goa has seven cases reported of which all seven patients have recovered from the coronavirus.

Prime Minister Narendra Modi announced on April 14, that the nationwide lockdown would be extended to May 3.

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News Network
May 28,2020

New Delhi, May 28: With 6,566 more coronavirus cases and 194 deaths reported in the past 24 hours, India's COVID-19 tally reached 1,58,333 on Thursday, according to the Union Ministry of Health and Family Affairs.

The number of active coronavirus cases stands at 86,110, while 67,692 people have recovered and one patient has migrated, it said. The death toll due to the infection has reached 4,531 in the country.

Maharashtra is the worst affected state with 56,948 cases. Tamil Nadu has recorded as many as 18,545 cases while Gujarat and Delhi have recorded 15,195 and 15,257 coronavirus cases respectively.

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News Network
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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