Man with over Rs 90 lakhs deposit in crisis-hit PMC Bank dies hours after protest

Agencies
October 15, 2019

Oct 15: A 51-year-old man, who had Rs 90 lakh in the crisis-hit Punjab and Maharashtra Cooperative Bank, died of cardiac arrest on Monday within hours of taking part in a protest rally led by depositors against the strict restrictions on the withdrawal of money from the bank.

A former Jet Airways staff, Sanjay Gulati, had already lost his job earlier this year following the grounding of the airlines.

With a specially-abled son at home, Gulati needed regular cash in hand for his treatment and care which became impossible after the RBI placed stringent limits on cash withdrawals by the bank's depositors.

On Monday, Gulati participated in the protest against the harsh limits. The bank is embroiled in a Rs 3,830 crore scam.

After returning home, Gulati, while having food, suffered a cardiac arrest. He was rushed to the nearby Kokilaben Dhirubhai Ambani Hospital, where he was declared brought dead, according to news agency.

According to another customer, Gulati and his family members held deposits worth around Rs 90 lakh in the Oshiwara Branch of PMC Bank, which has been frozen after the Reserve Bank of India's action last month.

Disturbed since the past few days by the developments, he had joined the protest rally on Monday afternoon outside a Mumbai court where the prime accused -- a former chairman of PMC Bank, S. Waryam Singh, Housing Development & Infrastructure Ltd (HDIL) directors Rakesh Wadhawan and Sarang Wadhavan -- were produced.

It may be recalled that after the scam surfaced on September 23, the RBI had imposed wide-ranging sanctions on the PMC Bank and barred people from withdrawing more than Rs 1000 initially; later it was raised to Rs 25,000 and on Monday (October 14) to Rs 40,000.

Coming ahead of the festival season, the RBI's decisions had faced flak from various quarters even as the restrictions will continue till February 2020, leading to huge distress among the customers and depositors, besides panic in business and banking circles.

Gulati's funeral was held here at the Andheri west crematorium on Tuesday afternoon and was attended by his family -- elderly parents, his wife, sister and other relatives, besides other PMC Bank customers.

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Agencies
May 31,2020

New Delhi, May 31: Indian aviation regulator DGCA on Saturday said the suspension of scheduled international commercial passenger flights will continue till midnight on June 30, hours after the Home Ministry announced fresh guidelines pertaining to the countrywide lockdown to contain the coronavirus pandemic.

"It is once again reiterated that foreign airlines shall be suitably informed about the opening of their operations to or from India in due course," the circular issued by the Directorate General of Civil Aviation (DGCA) said.

Domestic passenger flight services resumed in the country from Monday after a hiatus of two months since the lockdown was announced on March 25, when all scheduled commercial passenger flights were suspended in India. International flights continue to remain suspended even now.

The Home Ministry on Saturday said 'Unlock-1' will be initiated in the country from June 8 under which the nationwide lockdown effectuated on March 25 will be relaxed to a great extent, including opening of shopping malls, restaurants and religious places, even as strict restrictions will remain in place till June 30 in the country's worst pandemic-hit areas.

International air travel shall remain suspended, the MHA order said, adding that a decision on when to resume it would be taken after making an assessment of the situation.

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News Network
July 10,2020

United Nations, Jul 10: India is a "good example" as solar auctions have seen popularity amidst the height of the COVID-19 pandemic, UN chief Antonio Guterres said on Thursday, underlining that renewable energy is the only energy source expected to grow in 2020 and offers more jobs than the fossil fuel industry.

In his remarks to the International Energy Agency "Clean Energy Transition Summit'', UN Secretary-General Guterres urged the international community to commit to further usage of coal and to end all external financing of coal in the developing world.

"Coal has no place in COVID-19 recovery plans. Nations must commit to net-zero emissions by 2050 and submit more ambitious national climate plans before COP-26 next year," he said.

"The seeds of change are there. Renewable energy is the only energy source expected to grow in 2020. Solar auctions have seen popularity amidst the height of the pandemic. India serves as a good example. Renewables offer three times more jobs than the fossil fuel industry," Mr Guterres said.

Last month, Adani Green Energy said it has bagged the first of its kind manufacturing-linked solar contract worth Rs 45,000 crore from the Solar Energy Corporation of India (SECI) to develop 8 GW electricity generation capacity and 2 GW equipment manufacturing facility in the country.

Mr Guterres said he has asked all countries to consider six climate positive actions as they rescue, rebuild and reset their economies.

"We need to make our societies more resilient. We need green jobs and sustainable growth," he said, adding that bailout support to sectors such as industry, aviation and shipping should be conditioned on alignment with the goals of the Paris Agreement.

Countries also need to stop wasting money on fossil fuel subsidies and place a price on carbon, he said, noting that countries need to consider climate risk in their decision making.

"Every financial decision must take account of environmental and social impacts. Overall, we need to work together," he said.

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News Network
March 9,2020

New Delhi, Mar 9: The Centre and the Delhi government are working in close coordination to deal with coronavirus, Chief Minister Arvind Kejriwal said here on Monday.

Talking to reporters after a review meeting with Union Health Minister Harsh Vardhan on the preparedness for COVID-19, the chief minister said people arriving from foreign countries are being screened at airports.

A campaign will be run to make people aware of the preventive measures to contain the spread of the disease, Kejriwal said.

Health Ministry sending directives to states: Vardhan

Health Minister Harsh Vardhan said the government is prepared to deal with novel coronavirus and his ministry is sending directives, including guidelines, to states in all the languages on ways to contain it.

"We are sending detailed guidelines to all states on ways to contain coronavirus. Have asked states to strengthen laboratories and manpower to effectively deal with coronavirus and form early rapid action teams," Vardhan told reporters adding, that the government is prepared to deal with the infection.

Vardhan stressed on a coordinated action between all concerned departments and agencies for activities such as contact tracing, community surveillance, hospital management, identification of isolation wards, ensuring adequate personal protection equipment and masks and risk communication for mass awareness.

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