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Azerbaijan ‘operated secret $3bn secret slush fund’

Azerbaijan’s ruling elite operated a secret $2.8bn (£2.2bn) slush fund for two years to pay off European politicians and make luxury purchases, an investigation shows. The money was allegedly channelled through four UK-based opaque companies. People said to have been paid include European politicians who adopted a favourable attitude to the government. There is no suggestion that all the recipients... 

India baby deaths: Second hospital probed

Indian police are investigating the deaths of dozens of newborns at a hospital in Farrukhabad, Uttar Pradesh. Forty-nine children died at Ram Manohar Lohia hospital in a month, including at least 30 who are said to have died from “perinatal asphyxia”. The condition is caused by reduced oxygen levels during childbirth. In August at least 160 minors died at a Gorakhpur hospital, in the same... 

Why is India threatening to deport its Rohingya population?

India’s announcement that it plans to deport its Rohingya population is an attempt to curry favour with Buddhist-majority Myanmar ahead of an official visit by Prime Minister Narendra Modi, writes Subir Bhaumik in Yangon. Three days before Rohingya militants attacked police posts in Myanmar’s Rakhine state, killing 12 members of the security forces and triggering an apparent military crackdown... 

China bans initial coin offerings calling them ‘illegal fundraising’

Chinese regulators have launched a crackdown on individuals and firms raising funds by offering their own digital currencies. The People’s Bank of China has declared initial coin offerings (ICOs) illegal and wants them to “cease immediately”. A growing number of tech companies are opting to sell digital “tokens” because they are quick, easy and unregulated. The ban saw... 

Australian court hears challenges to same-sex marriage vote

Australian court hears challenges to same-sex marriage vote
Australia’s highest court has begun hearing legal challenges against a national vote on same-sex marriage. The government plans to hold a non-binding postal survey from next week to gauge support for changing Australia’s law to allow same-sex marriage. PM Malcolm Turnbull has said the vote could lead to the tabling of a bill in parliament later this year. Intense campaigning has already... 

North Korea nuclear crisis: Kim Jong-un ‘begging for war’

North Korea nuclear crisis: Kim Jong-un 'begging for war'
North Korean leader Kim Jong-un is “begging for war” with his latest and most powerful nuclear bomb test, the US envoy to the United Nations has said. Nikki Haley told an emergency meeting of the Security Council in New York that America did not want a war but its patience was “not unlimited”. The US will table a new UN resolution shortly to toughen sanctions. China, the North’s... 

H K Sethi said: “The JAI & JFI condemns the attacks on journalists & media government immediately compensate the journalists and the media houses

JOURNALISTS FEDERATION OF INDIA (JFI) joins hand with JOURNALIST ASSOCIATION OF INDIA  in strongly condemning the attacks on electronic & print journalists & their property in Panchkulla, India following a court verdict. The JFI demands urgent action from the State as well as Central Govt. of India to ensure security for journalists to carry out their duties & punishment to those attacking... 

Narendra Modi’s cash ban a ‘total failure’ as 99% of banned currency notes back Narendra Modi government had estimated about Rs5 trillion wouldn’t be declared after demonetisation, indicating that this was cash stashed away illegally to avoid tax

Anirban Nag Archana Chaudhary Mumbai/New Delhi: Indians have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank’s profit and dealing a blow to his drive to unearth unaccounted wealth. Banks have received Rs15.28 trillion ($239 billion), or 99% of the currency invalidated, the Reserve Bank of India said in its annual report on Wednesday. The... 

Several wounded in Turkey bomb blast A bomb placed in a garbage container explodes in Turkey’s Izmir province, wounding several people on a shuttle bus, says report Ece Toksabay

Ankara: A bomb placed in a garbage container exploded in Turkey’s Izmir province on the Aegean coast on Thursday, wounding several people on a shuttle bus, the private Dogan news agency said. State-run TRT Haber news channel said the explosion took place at around 8 am local time, adding that six people on a shuttle bus were wounded. Television images showed the shattered windows of a broken... 

Arun Jaitley asks debtors to pay dues or allow others to take control of business Arun Jaitley puts corporate defaulters on notice saying they will have to pay their dues to the banks or allow others to step in and take control of their businesses PTI

PTI New Delhi: Finance minister Arun Jaitley on Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business. Using the new bankruptcy law, the central bank has prodded banks to initiate insolvency proceedings against 12 large corporate defaulter to resolve Rs 2 lakh crore or almost a fourth of the... 

How demonetisation was unprofitable for RBI While demonetisation was one of the key reasons for lower profits for the RBI, the government bore the brunt in the form of lower dividend from the central bank

A Staff Writer While the jury is out on the costs and benefits of demonetisation, for the Reserve Bank of India (RBI) at least, the note ban was one of the key reasons for lower profits. To that limited extent, the government also had to bear the brunt in the form of the lower dividend it received from the central bank. RBI paid only Rs30,663 crore as dividend compared to Rs65,880 crore a year ago. Here’s... 

Most grievances received by environment ministry against cow slaughter, says study Complaints against cow slaughter, poor facilities for animals and tax benefits to slaughter houses top list of grievances sent to environment ministry, says government study Mayank Aggarwal

      Mayank Aggarwal New Delhi: Complaints against cow slaughter, poor facilities for animals and tax benefits to slaughter houses topped the list of grievances sent to the environment ministry, a government study found. These complaints account for 20% of all public grievances sent to the ministry, according to the study. The study recommended making waste collection a part of the... 
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