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3 militants, 1 soldier killed in encounters at JK’s Pulwama, Kulgam districts

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Kashmir

Srinagar | Three unidentified militants and a soldier were killed while two jawans were injured in two separate encounters in Jammu and Kashmir’s Kulgam and Pulwama districts on Tuesday, police said.

Security forces launched a cordon and search operation in the Redwani area of Kulgam district in south Kashmir around midnight, a police official said here. The operation was launched after receiving information about the presence of militants in the area, he said. The officer said as the searches were going on, militants fired on the forces, who retaliated.

Two militants were killed in the ensuing gunfight and three soldiers were injured, he said, adding that one of the injured soldiers later succumbed at a hospital. The official said arms, ammunition and other incriminating materials were seized from the encounter site.

In another operation at Hafoo area of Tral in Pulwama district, an unidentified militant was killed in an encounter with security forces, he said. The identity and the group affiliation of the slain militants is being ascertained, the official said.

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Hasmukh Adhia rumoured to be the next RBI governor: sources

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Hasmukh Adhia

New Delhi | After the resignation of Reserve Bank of India governor Urjit Patel on Monday, former Finance Secretary Hasmukh Adhia is rumoured to be the next RBI governor, as per unconfirmed sources.

Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Services (IAS), served as a secretary in the Department of Financial Services after Narendra Modi became the Prime Minister.  A close of aide of  PM Narendra Modi and Arun Jailtley retired on November 30 this year.

Adhia also served as the Union Revenue Secretary and Union Financial Services Secretary, in the Union Government which makes his case stronger for the post of the RBI governor.

Earlier Urjit Patel on Monday resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.

Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.

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Breaking: Vijay Mallya to be extradited to India

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Vijay Mallya

London | In what could be termed as end of the party for the king of good time, Liqour baron Vijay Mallya to be extradited to India as the London court gives its nod for the same

London’s Westminster Magistrates Court orders the extradition of Vijay Mallya to India. The Court has further referred the matter of extradition of Vijay Mallya to India to the Secretary of State. The Central beaurue of Investigation has welcomed the decision of the London’s court. Chief Magistrate Judge Emma Arbuthnot announcing the order stated that he found prima facie a case against Vijay Mallya for fraud, conspiracy and money laundering.

Speaking on the extradition CBI said,”We hope to bring him soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts and we were confident while pursuing extradition process.”

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Urjit Patel resigns from RBI governor’s post

Anil Rajpurohit

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Urjit Patel

New Delhi | Urjit Patel on Monday resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.

Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.

RBI Governor Urjit Patel earlier appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues. The RBI Governor appeared before the panel days after the central bank’s face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Business Editor of HW Business and Finance Akhilesh Bhargav states it is not only the failure of the finance ministry but the board of the Reserve Bank of India.

Urjit Patel who was appointed as the 24th Governor of the Reserve Bank of India (RBI) succeded Raghuram Rajan on 4 September 2016.

 

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