The Hindu Morning Digest, February 17, 2024

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The Hindu Morning Digest, February 17, 2024


A New York decide ordered Donald Trump to pay $364 million over fraud allegations and banned him from working corporations within the state for 3 years Friday in a significant blow to his enterprise empire and monetary standing. File.
| Photo Credit: Reuters

Freezing of Congress accounts by Income Tax division ‘routine procedure’, sources say

The Income Tax division’s motion, freezing the Congress’ principal financial institution accounts, was a part of its “routine procedure” towards defaulters, carried out in connection to claims for the tax evaluation yr 2018-19, in response to sources near the federal government.

Donald Trump answerable for $355 million, decide in New York civil fraud case guidelines

A New York decide dominated on Friday towards Donald Trump, imposing a $355 million penalty over what the decide dominated was a yearslong scheme to dupe banks and others with monetary statements that inflated the previous President’s wealth.

ED finds no FEMA violation in Paytm Payments Bank case

The Enforcement Directorate (ED) has not discovered any violation underneath the Foreign Exchange Management Act (FEMA) through the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve Bank of India (RBI) has the authority to take motion towards sure different cases of alleged non-compliance, in response to the sources aware of the matter.

If elected, INDIA bloc will guarantee authorized assure for MSPs: Rahul Gandhi

If the INDIA bloc involves energy, it’ll make sure that farmers get a authorized assure that they are going to be paid minimal help costs (MSPs) for his or her crops, Congress chief Rahul Gandhi vowed on February 16. He added that farmers are presently “not getting the right price” for his or her produce.

SP, Congress seat-sharing talks in U.P. make no headway

The Congress-Samajwadi Party talks on seat sharing have hit an deadlock, with the grand previous get together insisting on 20 seats and in addition demanding that or not it’s given “winnable seats” as a substitute of those supplied at current. The Samajwadi Party, in the meantime, is questioning the Congress’s “seriousness”. A degree of convergence stays elusive for the 2.

Will shut all govt. places of work if SP and District Collector don’t go away Churachandpur, says tribal discussion board

A day after two folks have been killed in Manipur’s Churachandpur district throughout protests towards the suspension of a Kuki-Zo head constable, the Indigenous Tribal Leaders’ Forum (ITLF) on February 16 issued an ultimatum to the district Superintendent of Police, Shivanand Surve, and District Collector S. Dharun Kumar to “leave the district within 24 hours”.

RBI extends deadline for Paytm Bank prospects to make deposits, entry credit score transactions until March 15

The Reserve Bank of India (RBI) has prolonged the sooner stipulated deadline (of February 29, 2024) for Paytm Payments Bank’s prospects to make deposits and entry credit score transactions until March 15, 2024

Haldwani violence: Posters of ‘rioters’ put up in Banbhoolpura

Police on February 16 launched posters of 9 miscreants, wished in reference to the violence in Banbhoolpura in Uttarakhand’s Haldwani.

France pledges to ship as much as $3.2 billion in army help to Ukraine this yr

Ukrainian President Volodymyr Zelensky signed Friday in Paris a 10-year bilateral safety settlement with France hours after he officialized an analogous one with Germany. The agreements ship a powerful sign of long-term backing as Kyiv works to shore up Western help almost two years after Russia launched its full-scale warfare.

Congress condemns police motion towards protesting farmers on Haryana border

Condemning the police motion on the protesting farmers on the Shambhu border, the Congress on February 16 urged the Narendra Modi authorities to fulfil its guarantees about offering authorized assure to minimal help value (MSP) on crops and different calls for.

NRE account triggered FEMA inquiry allegedly involving Mahua Moitra

The Enforcement Directorate has initiated an inquiry underneath the Foreign Exchange Management Act (FEMA) towards Trinamool Congress chief Mahua Moitra after it discovered transactions made by way of an alleged Non-Resident External (NRE) account linked to her, in response to official sources.

Defence Acquisition Council clears heavy weight torpedoes, mid-air refuelling plane amongst main offers

The Defence Acquisition Council (DAC) on Friday accorded Acceptance of Necessity (AoN), step one within the procurement course of, for proposals value ₹84,560 crore. The proposals embrace some long-pending offers comparable to for heavy weight torpedoes (HWT) for the Navy’s Scorpene-class submarines and flight refueller plane (FRA) for the Indian Air Force (IAF).



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