PM Modi one of my most dependable friends: Shinzo Abe

Agencies
October 28, 2018

New Delhi, Oct 28: Japanese Premier Shinzo Abe on Sunday said Prime Minister Narendra Modi was one of his most "dependable" friends and together with the Indian leader, he would like to strengthen bilateral cooperation to realise a free and open Indo-Pacific.

In a message published in Indian newspapers on the day of the two leaders' summit meeting in Japan, Abe said India was driving the region and the world's prosperity as a global power.

Prime Minister Modi was an outstanding leader of his great country, the Japanese premier said.

"I have always believed and stated that the relationship between Japan and India is blessed with the largest potential in the world," he said.

Japan-India cooperation continued to expand broadly in many fields such as security, investment, information technology, agriculture, health, environment and tourism, Abe noted.

"We share a big win-win potential in all areas and Japan remains committed to supporting india's economic growth and Prime Minister Modi's Make in India initiative through high-speed rail, subways and other infrastructure, mobilising Japan's world-leading technologies," he said.

The day when Japanese Shinkansen bullet trains start running between Mumbai and Ahmedabad through cooperation will mark a shining symbol of Japan-India friendship in the future, Abe added.

"Prime Minister Modi, who is currently visiting Japan since yesterday, is one of my most dependable and valuable friends. On behalf of the entire Japanese government, I have the pleasure of extending him the warmest hospitality," the Japanese leader's message read.

"Together with Prime Minister Modi, I would like to further strengthen Japan-India cooperation to realise a free and open Indo-Pacific," Abe said.

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News Network
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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News Network
March 26,2020

Jaipur, Mar 26: Two new COVID-19 positive cases were registered in Rajasthan taking the total number of coronavirus cases to 38 in the state.
The Union Health Ministry had on Wednesday reported 606 positive COVID-19 cases in India including 43 foreign nationals.

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Agencies
March 1,2020

Allahabad, Mar 1: Shabista Khan, wife of suspended pediatrician Dr Kafeel Khan, fears that her husband's life is in danger.

In a letter written to the chief justice of the Allahabad High Court and senior government authorities, Shabista has sought security for her husband who is lodged in Mathura jail for allegedly delivering provocative speech during anti-CAA protest at Aligarh Muslim University.

"My husband is being mentally tortured in jail and is being subjected to inhuman behaviour," Shabista wrote in her letter to the chief justice of Allahabad High Court, additional chief secretary (home) and director general (jail), among others.

She said that she apprehended that an attempt could be made on her husband's life in jail and demanded adequate security for him.

She also demanded that her husband should be kept away from active criminals and lodged with common prisoners.

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