Raids on Aditya Birla, BK Birla firms; Rs 77 lakh yarn seized

November 17, 2013

Aditya-BirlaThane, Nov 16: Godowns of the Birla Group owned companies at Bhiwandi near here were raided by the officials of the Controller of Legal Metrology and yarn worth around Rs 77 lakh were seized for want of proper packaging on the material, an official release said here today.

The release stated that the raids were conducted under the direct guidance of the Controller of Legal Metrology, Ashok Dongre.

The seized goods comprised yarn manufactured by Century Rayon of the BK Birla Group worth Rs 43,92,500 and Aditya Birla Nuvo worth Rs 33,00,000.

According to the release, the seized goods did not have any declaration as stipulated in the Weights and Measures Act and also the Legal Metrology Act and Rules 2009 and 2011.

However when contacted, a spokesperson of the Aditya Birla Group said the company was fully compliant with the packaging norms and was not aware of any new packaging stipulation as the seized goods were packed as per the existing per industry packaging norms.

"We are fully compliant with the existing packaging regulations and we are sure to convince the authorities about the same. We don't know of any new packaging norms.

"The seized yarns are industrial raw materials for textile manufacturing to be marketed to institutional clients. The quantities are in 50 kg cartons, which is the industry size packaging," the spokesperson said.

According to the industry practice, raw materials are not mandated to carry packaging labels, said an industry analyst.

BK Birla group could not be contacted for reaction.

Cases of violation under the said rules and Act have been registered against the concerned for having failed to make declarations on the packages, the release said.

Further probe and action into the case is being carried out by the office of the Controller of Legal Metrology, the release said.

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News Network
May 13,2020

Lucknow , May 13: Samajwadi Party chief Akhilesh Yadav on Wednesday took a jibe at Prime Minister Narendra Modi over announcing Rs 20 lakh crore special economic package to boost the economy saying that the Centre is again making "false promises to 133 crore Indians".

"Earlier, you promised Rs 15 lakh and now Rs 20 lakh crore. You have made false promises 133 times with 133 crore Indians. How can someone trust you this time? People now are not asking how many zeroes there are but how many false promises have been made," he tweeted (translated from Hindi).

Yesterday, Prime Minister Narendra Modi had announced a Rs 20 lakh crore economic stimulus package for the country fighting COVID-19, stating that it will give a new impetus and a new direction to the self-reliant India campaign.

The Prime Minister had also announced that the fourth phase of lockdown will be completely redesigned with new rules and will commence from May 18.

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March 23,2020

Thrissur, Mar 23: Kerala police on Monday has booked a Catholic priest for violating the Covid-19 advisory against conducting Holy Mass in which more than 100 people attended.

Fr. Pauly Padayatti, vicar of Nithya Sahaya Matha (Mother of Perpetual Help) church at Koodapuzha near Chalakudy in Thrissur district has been arrested by the police.

Despite the strict restrictions of the health department and the Kerala Catholic Bishops Council (KCBC) to temporality suspend church services involving laity in churches, the vicar conducted the Holy Mass on Monday.

The police have also registered case against the devotees for violating the guidelines by attending the service.

The top church leadership including Cardinal Mar George Alencherry repeatedly urged the laity not to go to churches for Holy Mass or other services.

The faithful have been asked to participate in the online streaming of Holy Mass by bishops and priests and pray from their homes.

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March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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