MNS activist kills self, party links it to ED notice to Raj Thackeray

Agencies
August 21, 2019

Aug 21: An activist of the MNS allegedly committed suicide in Maharashtra's Thane district, with a party leader on August 21 claiming he was "depressed" over the Enforcement Directorate's notice to MNS chief Raj Thackeray.

However, the police said no suicide was found and a probe was underway to ascertain why he took the extreme step.

The deceased, Pravin Chowgule (27), was an alcoholic and used to be frequently depressed, police sub-inspector Mahesh Kawde said.

He allegedly doused himself with kerosene and set himself afire at his residence in Kalwa township around 10 pm on Tuesday, Kawde said.

When some of Chowgule's neighbours saw smoke emanating from his house, they rushed there and took him to a local hospital where doctors declared him brought dead, he said.

"No suicide note was found at the spot," Kawde said, adding that the police registered a case of accidental death and a probe was underway.

He said Chowgule lived alone and used to work as a tourist car operator.

"He used to be frequently depressed and was a liquor addict. He had earlier also attempted suicide on two-three occasions," the official said.

However, MNS Thane unit spokesman Nainesh Patankar said Chowgule took the extreme step as he was "depressed and angry" over the ED's notice to Raj Thackeray.

Prior to committing suicide, Chowgule expressed concern over this in posts on his Facebook page, he said.

After getting information of his death, several MNS leaders and activists rushed to the hospital around midnight.

Thackeray has been summoned by the ED in connection with a money laundering probe.

He will appear before the ED on Thursday, the MNS earlier said.

In a statement issued on Tuesday, Thackeray said he would "honour" the summons, and appealed to his party workers to maintain "peace and harmony" and not to indulge in violent protests.

The ED is probing alleged irregularities related to loans and equity investment worth over Rs 450 crore by Infrastructure Leasing & Financial Services (IL&FS) in Kohinoor CTNL Infrastructure Company, which is developing Kohinoor Square tower in Mumbai's Dadar area.

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Agencies
February 11,2020

Bhadohi, Feb 11: With just two days left for the State Budget Session, a widow from Uttar Pradesh''s Bhadohi district has accused BJP MLA Ravindranath Tripathi and six others of sexual harassment over the years, the police said.

The incident is likely to cause considerable embarrassment to the ruling Yogi Adityanath government.

Bhadohi Superintendent of Police (SP) Ram Badan Singh said: "The woman, whose husband died in 2007, met the BJP MLA Ravindranath Tripathi''s nephew in 2014. She said that she was physically exploited by him for many years on the pretext of marriage."

The complainant also said that the nephew then got her lodged in a Bhadohi hotel for about a month during the 2017 Uttar Pradesh Assembly elections, "where she was raped by the MLA and his other family members".

The case has been handed over to the Additional Superintendent of Police for further investigations.

A case is yet to be registered.

The Uttar Pradesh Budget Session starts from Thursday.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
January 22,2020

Jan 22: Microsoft Corp’s chief executive officer said he worries that mistrust between the US and China will increase technology costs and hurt economic growth at a critical time.

Using the $470 billion semiconductor industry as an example of a sector that is already globally interconnected, Satya Nadella said the two countries will have to find ways to work together, rather than creating different supply chains for each country.

“All you are doing is increasing transaction costs for everybody if you completely separate,” Nadella said in an interview with Bloomberg News Editor-in-Chief John Micklethwait at Bloomberg’s The Year Ahead conference in Davos. That’s a concern as the executive said the world is on the cusp of a revolution around technology and artificial intelligence.

“If we take steps back in trust or increase transaction costs around technology, all we are doing is sacrificing global economic growth,” he said.

The agreement signed last week between the US and China was “not sufficient,” said Nadella, but represented “progress” on the issue of intellectual property protections for US technology companies working with China.

Nadella said he worries about the development of two separate internets, noting that to some degree they already exist “and they will get amplified in the future” with massive technology companies already in place in China.

The viewpoint clashes with Microsoft co-founder Bill Gates, who has been sceptical about the idea that ongoing US-China trade tensions could ever lead to a bifurcated system of two internets.

China and the US are the two leading AI superpowers, however the cooling political relations between them have slowed the international collaboration.

Nadella also warned that countries that fail to attract immigrants will lose out as the global tech industry continues to grow. The CEO has previously voiced concern about India’s Citizenship Amendment Act, calling it “sad.”

“However, Nadella said he remained hopeful.

“The fact that there is a 70-year history of nation-building, I think it’s a very strong foundation. I grew up in that country. I’m proud of that heritage. I’m influenced by that experience.”

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