Modi arrives in New York on 2nd US visit

September 24, 2015

New York, Sep 24: Prime Minister Narendra Modi arrived here today on a five-day US visit, his second in as many years, during which he will address world leaders at a landmark UN sustainable development summit and interact with top CEOs and the Indian diaspora in Silicon Valley.

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Modi will have a packed agenda for the next two days in the city and then in California from September 26-27.

The Prime Minister was received at the airport by Indian Ambassador Arun K Singh, India's envoy to the UN Asoke Mukerji, Consul General Dnyaneshwar Mulay and their spouses.

Modi will return to New York on September 28 for a bilateral meeting with President Barack Obama as well as to attend a high-level peacekeeping summit at the United Nations.

On Friday, he will address global heads of state at the Sustainable Development Summit hosted by UN Secretary General Ban Ki-moon when the new and ambitious post-2015 development agenda will be adopted.

India will also host the G-4 summit here on September 26, before Modi leaves for the West Coast for a packed two-day trip during when he will have meetings with Facebook CEO Mark Zuckerberg, Apple CEO Tim Cook and Google's new CEO Sundar Pichai. He will also attend a grand community reception in San Jose.

Modi will also meet President Barack Obama on September 28, his third summit meeting with the President in about a year. Modi is expected to focus on giving a further push to early and urgent reform of the Security Council and to send an "unambiguous message" of "zero tolerance against terrorism".

In a letter to the UN Secretary General in July, Modi had said that that the UN must be made more effective for dealing with new security challenges as "we are now living in an era when non-state military actors are a major factor."

"We must use this historic year to jointly send an unambiguous message of zero tolerance against terrorism. An important step in this direction would be adopting the Comprehensive Convention against International Terrorism at the United Nations this year," Modi had written in the letter.

India's Permanent Representative to the UN Asoke Mukerji has said that the Prime Minister's speech at the Sustainable Development summit will focus on "Agenda 2030" since he "has given a lot of attention to the substance of the development agenda."

Among the ambitious 17 goals to be adopted by the UN for the next 15 years is complete poverty eradication, zero hunger, quality education, gender equality, sustainable cities and communities and clean water and sanitation.

In his letter to the UN Chief, Modi had also underscored that eliminating poverty by 2030 should "unquestionably" be at the heart of the post-2015 Development Agenda.

"The most acute forms of poverty still remain the most pressing problem and require direct, urgent and sustained interventions. Addressing the needs, concerns and human rights of 1.3 billion poor people in the world is not merely a question of their survival and dignity, but also a vital necessity for an enduring peaceful, sustainable and just international order," he said.

The post-2015 Development Agenda should ensure that no one is left behind and "we must rekindle the strength of international support and partnership that had characterised some of our social missions in the past for tackling poverty," he had said.

At the Waldorf Astoria hotel, a large number of BJP supporters gathered waiting to welcome the Prime Minister.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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Agencies
February 14,2020

Lucknow, Feb 14: Uttar Pradesh doctor Kafeel Khan was on Friday booked under the National Security Act (NSA) over his alleged anti-CAA speech at Aligarh Muslim University on December 12, 2019.

The Uttar Pradesh slapped NSA on Kafeel Khan on Friday even as the doctor waited to be released from jail despite being granted bail on Monday in connection with his alleged inflammatory speech.

SP Crime Dr Arvind said that there were sufficient grounds to book the doctor under NSA.

The suspended pediatrician, Kafeel Khan, was arrested for allegedly delivering a controversial speech during Anti-CAA protests on December 12 at the Aligarh Muslim University or AMU. While he was granted bail on Monday, his family members claimed on Thursday that he was yet to be released.

Dr Kafeel Khan's brother Adeel Ahmed Khan had issued a statement saying that despite being granted bail Mathura jail authorities had not honoured the court's order.

Dr Kafeel Khan was arrested by the UP Special Task Force from Mumbai on January 29 for participating anti-CAA protest at AMU. A case was registered against him at the Civil Lines police station here for promoting enmity between different religions.

After his arrest in Mumbai, Dr Khan was brought to Aligarh, from where he was shifted to the district jail in neighbouring Mathura.

According to police, this was done as a precautionary measure in view of the anti-CAA protests on the AMU campus and at the Eidgah grounds in the old city. Police had said that the Dr Khan's presence in the Aligarh jail could have aggravated the law and order situation in the city.

The doctor was earlier arrested for his alleged role in the death of over 60 children in one week at the BRD Medical College in Gorakhpur in August 2017. Short supply of oxygen at the children's ward was blamed at that time for the deaths.

About two years later, a state government probe cleared Khan of all major charges, prompting him to seek an apology from the Yogi Adityanath government.

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Agencies
August 2,2020

New Delhi, Aug 2: Union Home Minister Amit Shah today tested positive for COVID-19 coronavirus infection and has been admitted to a hospital. 

Shah took to social media today to inform about his infection. “I have tested positive but my health is fine," he said, adding that he has been hospitalised on the assistance of doctors. 

The Union Home Minister also appealed to those who came into close contact with him in the last few days to get themselves tested for COVID-19.

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