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Vessel with 1500 Kg of Heroine worth over Rs 3K-cr seized off Gujarat coast

July 31, 2017

Ahmedabad, Jul 31: In the biggest ever haul of narcotics drugs, transported through sea routes in recent times, the Indian Coast Guard (ICG) ships Samudra Pavak and Ankit intercepted and apprehended a merchant vessel off the coast of Gujarat based on intelligence input. 1500 Kg of Heroine worth more than Rs 3000 crore was seized from the vessel named PRINCE 2.

The search operation for the suspect vessel at sea was commenced by the ships and aircraft of the Coast Guard on July 27.  A vast area of the sea was kept under continuous surveillance by Regional Operating Centre and Remote Operating Station at Coast Guard Regional and District Headquarters located at Gandhinagar and Porbandar respectively. 

The movements of all ships in the area including the suspect vessel were minutely observed throughout till its apprehension along with eight crew members by ICG ships on pm 29 Jul 17. 

The information about the carriage of contraband by the suspect ship was shared by NTRO and other Intelligence agencies with the Coast Guard based on which the operation was planned and executed.

The apprehended ship was brought to Porbandar on 30 Jul 17 and will be jointly investigated by the ICG, IB, Police, Customs, Navy and other agencies.

In largest ever narcotics haul, Coast Guard Ship Samudra Pavak intercepted vessel with 1500 kgs of heroine ( ₹3500 Cr) off Gujarat coast.

 

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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Agencies
August 5,2020

Ayodhya, Aug 5: Prime Minister Narendra Modi on Wednesday recalled the significance of the path of 'maryada' associated with Lord Ram in the backdrop of the situation created by COVID-19 and emphasised the importance of social distancing and wearing face masks.

He said that the current situation demands 'maryada' should be 'do gaz ki doori, mask hai zaroori' and exhorted everyone to follow it.

In his speech after laying the foundation stone of the Ram Temple in Ayodhya, the Prime Minister said the temple of Lord Ram will inspire and guide humans for ages to come.

He said that the path of `maryada' followed by Lord Ram is all the more necessary today in the situation created by COVID-19.

"The `maryada' (need) today is do gaj ki doori, mask hai jaroori (keep distance of two yards, wear mask). The Almighty may keep all the citizens healthy and happy, this is my prayer. The blessings of Mother Sita and Shri Ram be always there on the citizens," he said.

The Prime Minister termed the occasion as historic and said that India is starting a glorious chapter when people across the country are excited and emotional to have finally achieved what they had been waiting for centuries.

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News Network
February 19,2020

Feb 19: Pay increases across India’s organized sector will probably grow at the slowest pace since 2009 this year, according to a survey from Aon Plc.

Companies will increase average pay by 9.1% in 2020, down from 9.3% in 2019 and 9.5% the previous year, Aon said in a report published Tuesday. The small increase reflects a deep slowdown in Asia’s third-largest economy, where growing pessimism about job prospects have led many to cut down on consumption -- the main driver to growth.

India still leads the Asia-Pacific region in pay rises, but that is mainly due to higher inflation and a “war for key talent and niche skills,” Aon said.

“There is a general air of caution about the economy as we enter into 2020,” Tzeitel Fernandes, partner for rewards solutions at Aon, told reporters in New Delhi. “Low GDP projection and weak consumer sentiment are the reasons behind our lowest ever prediction.”

E-commerce companies and start-ups will probably get the biggest salary increases, projected at an above-average 10%, while financial institutions will hand out 8.5%. Unsurprisingly, the auto sector witnessed the biggest drop in growth -- down to 8.3% from 10.1% in 2018, according to Aon. The survey covered more than 1,000 companies across over 20 industries.

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