Silicon Valley Bank ‘contagion’ might depart India unscathed
The failure of the U.S.-based Silicon Valley Bank (SVB) might solely hit some Indian tech startups and IT corporations for now, whereas any broader “contagion” results that will come up will neither attain Indian shores in a rush nor are they prone to set off “systemic risks”, based on prime Finance Ministry officers.
However, the Central authorities is cognisant of the truth that the important thing underlying set off for the Santa Clara-headquartered financial institution’s woes — quickly rising U.S. rates of interest which have rendered previous authorities bond holdings “underwater”, or loss-making securities — might impinge on the operational well being of different monetary establishments as nicely.
Same-sex marriages can rock societal values: Centre
The Centre within the Supreme Court frowned upon same-sex marriage whereas invoking the “accepted view” {that a} marriage between a organic man and lady is a “holy union, a sacrament and a sanskar” in India.
“The institution of marriage has a sanctity attached to it and in major parts of the country, it is regarded as a sacrament, a holy union, and a sanskar. In our country, despite statutory recognition of the relationship of marriage between a biological man and a biological woman, marriage necessarily depends upon age-old customs, rituals, practices, cultural ethos and societal values,” the Centre stated in a 56-page affidavit filed on March 12.
Adani Group repays $2.15-billion mortgage due earlier than March 31, prepays Ambuja Cements debt
In continuation of its prepaying the finance, the Adani Group has accomplished full pre-payment of margin-linked share-backed financing aggregating to $2.15 billion earlier than March 31. Additionally, the promoters have additionally pay as you go the $500-million mortgage facility taken for financing the acquisition of Ambuja Cements Ltd.
India, Australia for early conclusion of pact on market entry
Commerce and Industry Minister Piyush Goyal and his Australian counterpart Don Farrell convened the India-Australia Joint Ministerial Commission on Saturday and mentioned negotiations for a full-scale free commerce pact and steps to spur funding flows into each nations.
In a joint communique issued on Sunday, Mr. Goyal and Mr. Farrell, Australia’s Trade and Tourism Minister, stated they have been happy with the progress in resolving numerous bilateral technical market entry points and “look forward to concluding” the India-Australia Comprehensive Economic Cooperation Agreement (CECA) quickly.
No response from India to Beijing’s position in Saudi-Iran deal is disquieting
The Saudi-Iran settlement signed in Beijing on Friday, if profitable, could have far-reaching impacts worldwide. The results of negotiations that have been stored secret until they reached settlement might sign an easing of tensions between Riyadh and Tehran after a few years; peace in Yemen, the place the 2 nations have carried out proxy battles; and a lift for China’s efforts to undertaking itself as a peacemaker.
G-20 meet to concentrate on blue financial system, accountable AI
Responsible utility of Artificial Intelligence (AI) and the ‘Blue Economy’ would be the major points in focus throughout brainstorming classes on the three-day Supreme Audit Institutions-20 (SAI20) Engagement Group delegates’ meet beginning on Monday.
Army rescues 370 vacationers stranded in snow in Sikkim
Troops of the Army’s Trishakti Corps helped the native police and administration in Sikkim rescue some 370 vacationers who have been stranded owing to heavy snowfall on Saturday.
The vacationers have been caught in about 100 autos that have been coming back from Nathu La, a mountain go on the border with China, and Tsomgo or Changuu lake to the State’s capital Gangtok.
Under fireplace, Congress gears as much as defend Rahul Gandhi in Parliament
With former Congress president Rahul Gandhi underneath assault in each the Lok Sabha and the Rajya Sabha for his feedback made inside and out of doors of the House, the Congress is getting ready for a confrontation with the BJP within the second a part of the Budget session that opens on Monday. But with this being the highest agenda, the opposite Opposition events are reluctant to be a part of the marketing campaign.
Second leg of Budget session from March 13; Govt says precedence to go Finance Bill
The second leg of the Budget session will start on March 13, 2023 with the federal government asserting that its precedence is to go the Finance Bill and the Opposition planning to lift points just like the motion of central companies in opposition to the BJP’s political rivals and allegations in opposition to the Adani group.
Net-zero waste to be necessary for buildings
All upcoming housing societies and business complexes within the nation will quickly mandatorily have to make sure web zero waste and have their liquid discharge handled, as a part of the federal government’s push for reforming and modernising the sewage disposal system.
Railways points SOP for transporting arms and ammunition by rail, highway
With no normal tips until now for offering safety to transportation of arms and ammunition by prepare and highway, the Ministry of Railways has rolled out Standard Operating Procedure (SOP) to make sure the security of such delicate consignments and their escort personnel.
Two siblings killed in three days in suspected stray canine assaults close to Vasant Kunj
A household dwelling in a slum close to Vasant Kunj misplaced two sons, who have been allegedly mauled to demise by stray canine in a close-by forest within the span of three days.
The mutilated physique of Anand, 7, was discovered on Friday and Aditya, 5, died after being attacked by canine on Sunday, the police stated.
Dominant Kohli ends a protracted century drought, places India firmly in management
The celebrations have been subdued. Virat Kohli took off his helmet, raised the bat and kissed the marriage ring dangling from a sequence round his neck after he flicked a Nathan Lyon supply for a single and reached his twenty eighth Test century (186, 364b, 15×4) — the primary since November 23, 2019.
