No clue of missing IAF plane, satellite imagery sought

July 24, 2016

Chennai, Jul 24: As the arduous operation to trace the IAF's missing AN32 aircraft with 29 people on board stretched into the third day today, the search and rescue team is now seeking satellite imagery to find any clue of the plane that lost contact over the Bay of Bengal.antonov-an32-cline
"There is no sign of the plane as yet," a senior defence official said.

At least 18 navy and coast guard ships including a submarine, and eight aircraft like P 81, C 130 and Dorniers are involved in the round the clock operation to search for the Port Blair-bound transport plane which went missing after it took off from the Tambaram air base near Chennai at 8.30 AM on July 22.

Inclement weather was posing a major challenge in the operation. The authorities are now seeking satellite imagery of the area.

"The search operation is continuing on a 24-hour basis and all resources at disposal are being used.

"We have also sought satellite information," Eastern Naval Command chief Vice Admiral HCS Bisht said in Vishakhapatnam.

"The depth of water there is about 3,500 metres and in some place it is even more. As the depth increases, challenges also increase," he said, adding that the weather was rough and it was raining.

He said the family members are being updated on a regular basis.

Meanwhile, airforce authorities have lodged a formal complaint with Tamil Nadu police over the missing AN-32 aircraft.

"We have received a complaint that Air Force's AN-32 transport aircraft has gone missing," a senior police official said today.

"The complaint was lodged last night with Selaiyur police," he said.

"The complaint says that 29 personnel on board AN-32 and the aircraft have gone missing. Among the missing personnel is one person from Tamil Nadu," the official told PTI.

The complaint has been lodged for legal purposes. A similar complaint was filed when Coast Guard's Dornier aircraft went missing last year. The wreckage of the CG Dornier aircraft and bodies of its crew were later found off Cuddalore in Tamil Nadu.

The Russian-made workhorse made the last radio contact at 0846 hours, 16 minutes after take off, on Friday.

Worries mounted for the authorities as time was running out and no positive signals emerged from the operations.

Defence Minister Manohar Parrikar yesterday undertook an aerial survey to personally monitor the search and rescue operations.

Defence Minister Manohar Parrikar yesterday undertook an aerial survey to personally monitor the search and rescue operations.

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News Network
January 30,2020

Mumbai, Jan 30: Speaking at an event, Samajwadi Party (SP) leader Abu Azmi's son and businessman, Farhan Azmi said that if CM Uddhav Thackeray will build lord Ram's Temple at Ayodhya then he will build Babri Masjid there. He said, "My problem is with Uddhav Thackeray.

I respect him a lot and if in Shiv Sena somebody really deserves respect, then it is no other than Uddhav Thackeray. He never runs a government and I don't think he is running his party correctly.

If being the Chief Minister, Uddhav Thackeray says he is going to Ayodhya on 7th March, I will also go with him. He will build lord Ram's Temple and we will build Babri Masjid."

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Agencies
February 14,2020

Kochi, Feb 14: A special National Investigation Agency (NIA) court on Friday extended the remand of Thalassery-based students Allan Shuhaib and Thaha Fasal till March 13.

They were arrested under the Unlawful Activities (Prevention) Act in Kozhikode in November 2019.

Meanwhile, Alan Shuhaib has approached the High Court seeking permission to appear for the LLB 2nd semester exam scheduled on February 18.

Kerala Chief Minister Pinarayi Vijayan on February 6 wrote to Home Minister Amit Shah, urging him to transfer the case of the two students, who were arrested for alleged links with Maoists, from the NIA to state police.

Allan and Thaha, students of law and journalism respectively of Kannur University, were taken into custody by the police from Pantheerankavu in Kozhikode on November 1 last year for alleged links with the Naxals.

The duo was charged under Sections 20 (punishment for being a member of terrorist gang or organisation), 38 (offence relating to membership of a terrorist organisation) and 39 (offence relating to support given to a terrorist organisation) of the UAPA.

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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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