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Top JNU panel recommends rustication of Umar Khalid, Kanhaiya, 3 others

March 15, 2016

New Delhi, Mar 14: A high-level committee of JNU has recommended rustication of Kanhaiya Kumar, Umar Khalid, Anirban Bhattacharya and two other students for their alleged role in a controversial event last month at which anti-national slogans were allegedly raised.

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Sources, however, said a decision on the recommendation by the panel will be taken by Vice Chancellor M Jagadesh Kumar and Chief Proctor A Dimri after a thorough scrutiny of the suggestions.

A meeting of the university's top brass chaired by the Vice Chancellor today discussed the report following which the varsity issued show-cause notice to 21 students including Kanhaiya and Umar, who were found guilty of having violated university rules and discipline norms.

The committee was formed on February 10 to probe the event organised to protest hanging of Afzal Guru, the Parliament attack convict. Kanhaiya, Umar and Anirban were arrested on charges of sedition in connection with the programme. Kanhaiya was released on bail from Tihar on March 3 while Umar and Anirban are still in judicial custody.

"The high-level committee has recommended rustication of five students after its investigation over a month's time. However, the final call in this regard will be taken by the Vice Chancellor and Proctor's office," sources told PTI.

The university had on March 11 revoked the academic suspension of eight students including Kanhaiya after completion of the probe by the five-member panel. It was decided to keep them under suspension from academic activities till the inquiry was over. However, they were allowed to stay in the hostels.

The panel, which was granted three extensions before it finally submitted its report, also faced difficulties in the probe as students refused to depose before it demanding that the enquiry be constituted afresh.

The varsity, however, turned down the demand and maintained that the students will be given three chances to appear before the disciplinary committee and, if they fail to do so, the committee will finalise its recommendations on the basis of evidence available, eyewitness accounts, students' deposition, if any, and other material available on hand.

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Mootharapathi
 - 
Tuesday, 15 Mar 2016

60% ........in VC or in Panel ha h ah a

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
August 1,2020

New Delhi, Aug 1: Rajya Sabha MP and former Samajwadi Party leader Amar Singh has died in Singapore where he was undergoing treatment.

Amar Singh, 64, had undergone kidney transplant in 2011 and was not keeping well for a long time.

“Saddened to know about the death of senior leader and parliamentarian Amar Singh,” Defence Minister Rajnath Singh tweeted.

Earlier in the day, the former Samajwadi leader had posted messages on Twitter, paying tributes to Bal Gangadhar Tilak on his 100th death anniversary and also wishing people on Eid.

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News Network
April 28,2020

New Delhi, Apr 28: With 1,594 new cases of COVID-19 reported in the last 24 hours and 51 deaths, India's total count of coronavirus cases surged to 29,974, said the Union Ministry of Health and Family Welfare on Tuesday.

The total cases are inclusive of 7,026 cured and discharged patients, one migrated and 937 deaths.

At present, there are 22,010 active COVID-19 cases in the country.

Addressing a press conference here, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that in the last 28 days, 17 districts have had no new Covid-19 cases. "This means we need to maintain constant vigil," he added.

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