News Pipe Headlines

News Pipe Editor: Irfan Akhbarwala, Email:
Grant Thornton opens first IL&FS can of worms, and it`s Rs 13,000 cr worth of fishy deals 
Date: 04 Mar 2019

MUMBAI: Transactions worth more than Rs 13,000 crore at Infrastructure Leasing & Financial Services (IL&FS) could be linked to irregularities such as conflicts of interest, inadequate risk assessment and deviation from banking norms, audit firm Grant Thornton India has said in its interim report to the board of the embattled infrastructure financier. The 166-page report, a copy of which was seen by ET, details 10 major anomalies, grouping to
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Metro to Jewar airport planned via Aqua Line, decision this month 
Date: 21 Feb 2019

GREATER NOIDA: As the UP government looks to launch the construction of the first phase of Jewar airport soon, it is considering building a 29km metro line to connect it with the newly commissioned Noida metro line. Pari Chowk has been proposed as the interchange station. Officials said DMRC, which built the Noida metro, has completed the techno-feasibility report of the 29km corridor. The report will be presented to the Yamuna Expressway Industrial
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Delhi Mumbai Expressway - Delhi Vadodara National Highway Will Be Its Part 
Date: 12 Feb 2019

 The Delhi Mumbai Expressway is an under-construction 1,250 km long controlled-access highway connecting the national capital Delhi with India`s commercial capital Mumbai. Under construction Mumbai Vadodara National  Expressway has been subsumed in this project. The total cost of the project is expected to be ₹1 Lakh Crore. It passes though the states of Haryana (80 km), Rajasthan (380km), Gujarat (120km), Madhya Pradesh (300km) and Maharashtra (
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Saudi Arabia To Build $10 Billion Oil Refinery In Pakistan's Gwadar 
Date: 11 Feb 2019

Saudi Arabia says it plans to set up a $10 billion oil refinery in Pakistan`s deepwater port of Gwadar, which is being developed with the help of China. "Saudi Arabia wants to make Pakistan`s economic development stable through establishing an oil refinery and partnership with Pakistan in the China-Pakistan Economic Corridor," Saudi Energy Minister Khalid al-Falih told reporters in Gwadar on January 12. Falih made the comments as
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According to RBI’s annual reports, it printed only ₹14.11 lakh crore demonetised notes, but got ₹15.28 lakh crore. 
Date: 06 Feb 2019

According to RBI’s annual reports, it printed only ₹14.11 lakh crore demonetised notes, but got ₹15.28 lakh crore. It indicates an excess of ₹1.16 lakh crore (₹11,66,50,00,00,000) coming back to banks It is increasingly becoming clear that Indians were conned by demonetisation. Now, it has been found that either the Reserve Bank of India (RBI) is fudging records or lying on behalf of the government. In layman’s
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The Noida-Greater Noida Metro Rail line also called the `Aqua line` is likely to be inaugurated on January 25 
Date: 23 Jan 2019

The Noida-Greater Noida Metro Rail line also called the `Aqua line` is likely to be inaugurated on January 25 by Uttar Pradesh Chief Minister Yogi Adityanath, reported news agency Press Trust of India (PTI) citing the Noida Metro Rail Corporation (NMRC) officials. The rail corridor would run between Sector 51 station in Noida and the Depot Station in Greater Noida. There are a total of 21 stations on the corridor - 15 of them in Noida and six in Greate
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Defence Chief James Mattis Quits Day After Trump Announces Syria Pullout 
Date: 21 Dec 2018

Washington:  US Defense Secretary Jim Mattis resigned on Thursday, a day after President Donald Trump shocked the US establishment by pulling out of Syria. In a letter to Trump, Mattis suggested his world view, which favors traditional alliances and standing up to "malign actors," stands at odds with the president`s. "Because you have the right to have a Secretary of Defense whose views are better aligned
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Highways may get their old numbers back 
Date: 28 Nov 2018

The new names of highways have created confusion as people know major stretches by their old names. It’s not just road-users but even officials in the highway  ministry and National Highway Authority of India are confused about the new numbers of national highways across the country. Even seven years after the old numbers were changed, tenders floated by NHAI mentions Delhi-Mumbai stretch as NH 8 instead of its new name, NH 48.
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Giant Wheel Of Highway - Western Peripheral Expressway opens today 
Date: 19 Nov 2018

NEW DELHI: With Prime Minister Narendra Modi inaugurating the Kundli-Manesar-Palwal stretch, or the Western Peripheral Expressway (WPE), Delhi will now have a third ring road around it which will divert heavy traffic that passes through Delhi but is bound for other parts of the country. PM Modi had inaugurated the first leg of the project, the Eastern Peripheral Expressway, in July this year. With the second leg opening today, the expressway will be
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Land pooling policy approved by DDA: Details 
Date: 08 Sep 2018

Around 19,000 hectares of land will be developed in Delhi as part of the land pooling policy, which was approved by the Delhi Development Authority (DDA) on September 7. It has now been forwarded to the Ministry of Housing and Urban Affairs for approval. The policy was cleared after five years at DDA`s board meeting chaired by Lieutenant Governor Anil Baijal. As part of the policy, 17 lakh dwelling units are expected to come up, out of which 15 perc
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PM Narendra Modi to lay foundation stone for India's longest Purvanchal Expressway in UP's Azamgarh 
Date: 15 Jul 2018

After inaugurating world`s largest mobile manufacturing unit of Samsung in Noida, Prime Minister Narendra Modi will lay foundation for the country`s longest Purvanchal Expressway in Azamgarh on Saturday. The 340-km-long Purvanchal Expressway will link nine districts of Eastern Uttar Pradesh cities, including PM`s parliamentary Constituency Varanasi, directly with Lucknow and Delhi. It will also be linked with the 302-km-long Lucknow-Agra Expressway
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Delhi Land Pooling Policy 
Date: 06 Jul 2018

Land pooling policy is a great chance for DDA to undo past errors The proposed modifications to the Delhi Development Authority’s (DDA) land pooling policy have been widely seen as a game-changer in affordable housing. But to contextually analyse the land pooling policy and the modifications proposed under chapter 19 of Master Plan of Delhi 2021 (MPD 2021), let’s look back to what happened over the preceding few years. MPD
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WhatsApp Group Admins can now control who sends messages: A look at new features 
Date: 03 Jul 2018

WhatsApp has been adding new features across groups, especially for admins in order to make it easier for some to control the kind of conversations that take place in these groups. The latest WhatsApp feature for Group Admins will make it easy for them to restrict who can send messages to the entire group. This is an important setting, which is being rolled out for iOS and Android users of the popular messaging app. Here’s a look at all the new feature
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Bankers` panel suggests 5 - pronged strategy to tackle NPAs, no proposal to create a bad bank 
Date: 03 Jul 2018

Bankers committee led by Punjab National Bank Chairman Sunil Mehta has submitted its draft report to the finance ministry with a five-pronged strategy to tackle stress in the banking sector. However, there is no proposal or recommendation to create a bad bank. The Mehta-committee comprised of representatives of all major banks, including State Bank of India (SBI). The report titled `Sashakt` highlighted nine guiding principles aimed at the
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Walmart-Flipkart deal Traders are holding nationwide protest against $16 billion deal 
Date: 03 Jul 2018

US retail giant Walmart on Monday defended its move to acquire Flipkart, saying it is in line with the government`s FDI policy, amid protests by traders against the deal. The acquisition will boost manufacturing in India by providing thousands of local suppliers access to consumers through the marketplace model, the company said in a statement. The Confederation of All India Traders (CAIT), a body of traders, on Monday organised mass protes
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The mystery surrounding the deaths of 11 people at a north Delhi home 
Date: 03 Jul 2018

The Investigation: The Crime Branch of Delhi Police on Monday said it is investigating the case from various angles. Police is investigating the case from the angle of the family`s spiritual or mystical practices. Some handwritten notes were also found at the house. The notes mentioned ways of attaining salvation. It is here to note that the bodies were found in the same way mentioned in the notes. "It`s also being investigate
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11 of family found dead. some of them blindfolded and hanging from an iron grill in the ceiling at their home in Delhi 
Date: 02 Jul 2018

NEW DELHI: In a macabre incident, 11 members of a family were found dead – some of them blindfolded and hanging from an iron grill in the ceiling — at their home in Delhi on Sunday. There is no clarity yet whether it was a mass suicide or a suicide-cum-murder. One theory is that one of the dead could have killed the others and later committed suicide. The police have registered a murder case, thus ruling out suicide by all of the 11 dead.
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Asian Infrastructure Investment Bank funds for OBOR projects - Government refuses to spell out stance 
Date: 25 Jun 2018

AIIB funds for OBOR projects:Govt refuses to spell out stance Mumbai, Jun 24 (PTI) New Delhi today declined to spell out its stance on a possible funding of a project linked to Beijing`s ambitious One Belt One Road (OBOR) initiative by the Asian Infrastructure Investment Bank (AIIB). "These things (loan proposals) are discussed at the board level and the final decision is taken keeping all interests and viewpoints in mind. We don`t mak
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Heads of 11-PSBs to appear before parliamentary panel on Tuesday 
Date: 25 Jun 2018

Heads of 11 state-owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into `Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Instit
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Railway connectivity important document of China visit - Nepal PM KP Oli 
Date: 25 Jun 2018

Prime Minister K.P. Sharma Oli on Sunday said his visit to China has further enhanced the friendship and bilateral cooperation between the two countries in wide`ranging areas including cross`border rail and road connectivity. Speaking to journalists upon his arrival at Tribhuvan International Airport in Kathmandu after a five`day visit to China, Mr. Oli said the agreements on railways, energy, transportation, infrastructure developme
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SP-BSP alliance kicks off informally, here is what special two parties have decided 
Date: 25 Jun 2018

BSP-SP alliance: Yet to make an announcement for an alliance before 2019 Lok Sabha elections, Uttar Pradesh’s two top parties – Samajwadi Party and Bahujan Samaj Party – have already built up a considerable amount of confidence in each other. Top leaders from both parties have decided not to take induct any MLA from the other flock, The Indian Express reported citing sources on Sunday. The understanding has come up as a trust-building exerc
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Mrs. India Earth finalist Shailja Dwivedi, Army Major Amit Dwivedi's wife, murdered by another Major. Army Major Wanted To Marry Officer's Wife, Killed When She Refused - Cops 
Date: 25 Jun 2018

Army Major Nikhil Handa, who was arrested on Sunday in connection with the murder of the wife of a fellow officer, was obsessed with the woman and wanted to marry her. He murdered her when he found out she was not okay with the plan, the Delhi Police said. Shailza Dwivedi, wife of Major Amit Dwivedi, was found run over by a car, her throat slit, in the Delhi Cantonment area on Saturday. Major Handa and Ms Dwivedi had met in 2015 in Nagaland when her
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Uttar Pradesh to spend Rs 4000 crore towards land acquisition for New Greenfield Noida International Airport at Jewar 
Date: 25 Jun 2018

Ministry of Civil Aviation (MoCA) is committed to the building of airport capacity as part of its NABH (NextGen Airports for BHarat) Nirman initiative. Three key aspects of NABH Nirman are (1) fair and equitable land acquisition, (2) long-term master plan for airport and regional development and (3) balanced economics for all stakeholders. As part of NABH Nirman, MoCAcalled a meeting of all stakeholders to review the progress of setting up of Noida Internati
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Bankers worry over arrest of Bank of Maharashtra CEO, want Govt to intervene 
Date: 23 Jun 2018

The Indian Banks Association (IBA) on Friday came out in support of Bank of Maharashtras top officials, just two days after they were arrested. The IBA met with top officials from public sector banks, private sector banks and foreign lenders and decided to seek the Finance Ministrys intervention over the sudden arrests on Wednesday. "All the bankers unanioumously expressed anguish and concerns for what has transpired there for bonafide
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Actor Irrfan Khan is battling cancer, He finally confirmed that he was suffering from a high-grade neuroendocrine cancer. 
Date: 19 Jun 2018

In a first ever confirmation since being diagnosed with a rare disease, actor Irrfan Khan has finally confirmed that he was suffering from a high-grade neuroendocrine cancer. In a special note, published in Times of India, Irrfan said that the cancer he’d been diagnosed with was rare and had more unpredictability of its treatment. NEURO is not always about the brain. In an emotional note, he said, “It’s been quite
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Saudi-led forces launch biggest assault of Yemen war . UAE Naval Vessel on Fire in Red Sea Following Houthi Attack - Report 
Date: 14 Jun 2018

ADEN: A Saudi-led alliance of Arab states launched an attack on Yemen’s main port city on Wednesday in the largest battle of the war, aiming to bring the ruling Houthi movement to its knees at the risk of worsening the world’s biggest humanitarian crisis. Arab warplanes and warships pounded Houthi fortifications to support ground operations by foreign and Yemeni troops massed south of the port of Hodeidah in operation “Golden Victory”
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With assembly team, IKEA lays ground for India debut. 
Date: 13 Jun 2018

In the ‘do-it-for-me’ culture prevalent in India, consumers are used to enjoying the comfort of fully assembled furniture delivered to their doorsteps IKEA, which aims to soon open a 37,160 square metre store in the southern Indian city of Hyderabad, is setting up its first ever in-house assembly team and offering local delicacies such as samosas to woo shoppers, at a time when growth in some of its more established markets is slow
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PM Modi, SC, Brazil responsible for Rs. 39,000cr debt - Videocon 
Date: 13 Jun 2018

Videocon Industries Ltd., with its massive Rs 39,000cr debt, is facing bankruptcy proceedings after the National Company Law Tribunal (NCLT) admitted a plea from lenders last week, led by the State Bank of India. The proceedings are to be completed within 180 days. However, Videocon has filed an appeal to wrest back control, and has blamed PM Modi, the Supreme Court for its misfortunes. Videocon: Modi`s demonetization killed CRT television
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Currency With Public Reaches Rs. 18.5 Lakh Crore: RBI Data 
Date: 11 Jun 2018

New Delhi:  Currency with the public has reached a record high level of over Rs. 18.5 lakh crore, more than double from a low of about Rs. 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data. At the same time, the total currency put in circulation by the Reserve Bank has also more than doubled to over Rs. 19.3 lakh crore -- from a low of about Rs. 8.9 lakh crore post- demonetisation. Currency with the p
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PSU banks suffer whopping Rs 87,000 cr loss in FY18 
Date: 11 Jun 2018

Losses of public sector banks crossed a whopping Rs 87,300 crore in 2017-18 fiscal, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs 12,283 crore. Losses of public sector banks crossed a whopping Rs 87,300 crore in 2017-18 fiscal, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs 12,283 crore. Of the 21 state-owned banks, only two banks, Indian Bank and Vijaya Bank, posted profits during 2017-18. Indi
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India refuses to endorse China's BRI 
Date: 11 Jun 2018

QINGDAO: India was the only country in the eight-nation Shanghai Cooperation Organisation  (SCO) on Sunday which refused to endorse China`s ambitious Belt and Road initiative for which Beijing has signed pacts with nearly 80 countries and international organisations. A declaration issued at the end of the two-day summit of the SCO said Russia, Pakistan, Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan have "reaffirmed their support for th
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