China has formally arrested former Interpol chief Meng Hongwei on suspicion of accepting bribes, prosecutors announced on Wednesday, as he faces possible graft charges.
Mr. Meng, who had also served as Vice Minister of Public Security, vanished last September during a visit to China from France, where Interpol is based, and was later accused of accepting bribes.
Mr. Meng has been expelled from the Communist Party and his official positions.
Top Security Officials Told to Resign
Sri Lanka's President has asked for the resignations of the Defence Secretary and national police chief, a dramatic internal shake-up after security forces shrugged off intelligence reports warning of possible attacks before Easter bombings.
It wasn't immediately clear who would be replacing them, but President Maithripala Sirisena said that he planned to change the head of the defence forces within 24 hours.
Kazakhstan May Scale up Supply of Uranium
According to Kazakh ambassador Bulat Sarsenbayev, Kazakhstan the world's largest producer of uranium, is looking at scaling up its supply of the key energy source to India from 5,000 tonnes during 2015-19 to more than 7,500 tonnes over the next five years.
The Central Asian nation, with the second largest uranium reserves or almost 15% of the world's recoverable uranium, is currently the largest supplier of the commodity to India. It was also among India's earliest partners in civil nuclear cooperation and supplied 3,000 tonnes under the first contract signed in 2009.
The London Interbank Offered Rate (Libor) transition opens up a sizeable business opportunity for large consulting firms such as PwC, KPMG, EY and Deloitte and also for global IT firms, including leading players in India.
Individual banks, financial institutions and lending houses are expected to spend anything from $50 million to upwards of $100 million a year for the next two years until the migration is completed by the end of 2021. Analysts say that IT will be 50% of this opportunity.
Regulators globally have asked firms to move away from Libor to other alternate, risk-free rates (RFRs). Derivatives, bonds, mortgages, loans, mutual funds, securities, underwriting, deposits, advances, pension funds and contracts, worth $370 trillion, are currently linked to the scam-hit Libor.
UltraTech Net Jumps
UltraTech Cement's consolidated net profit for the fourth quarter has more than doubled to Rs. 1,034.21 crore on higher capacity utilisation due to increasing demand and acquisition synergies.
The company's consolidated revenue from operations rose 17.3% to Rs. 10,905.15 crore in the quarter, compared with Rs. 9,290.29 crore in the same period last year.
The Q4 earnings also include results from cement plants acquired from Jaiprakash Associates Ltd. and Jaypee Cement Corp.
RBI Divests Its Entire Stake
The Reserve Bank of India (RBI) has divested its entire stake held in National Housing Bank (NHB), the regulator for housing finance companies, and National Bank for Agriculture and Rural Development (NABARD) to the government, which now holds 100% in these entities.
RBI had 100% shareholding in NHB, which was divested for Rs. 1,450 crore.
The NABARD stake was divested in two phases, RBI had 72.5% stake in NABARD amounting to Rs. 1,450 crore, out of which 71.5%, worth Rs. 1,430 crore was divested in October 2010 and the residual shareholding was divested on February 26, 2019 for Rs. 20 crore.
Divestment of RBI's stake in NABARD and NHB has its basis in the recommendation of Narasimham Committee II and the Discussion Paper prepared by RBI on Harmonizing the Role and Operations of Development Financial Institutions and Banks.
Chief Minister Amarinder Singh said that the Congress has decided to raise the bar by fixing responsibility for the victory of its candidates on Ministers and MLAs. The decision has been taken by the high command under the leadership of Rahul Gandhi to achieving Mission 13 in the Lok Sabha election. The Ministers who do not succeed in ensuring victory, especially in constituencies they represent, would be dropped. The MLAs will not be given ticket again.
Release Malik Says PDP Chief
Peoples Democratic Party (PDP) president Mehbooba Mufti asked the Centre to shift JKLF chief Yasin Malik to Srinagar.
She said that JKLF chief Yasin Malik should be released immediately as he is unwell. In case of any eventuality, the situation in Kashmir will worsen and may go out of hand.
The candidate from the Anantnag Lok Sabha seat, Ms. Mufti also sought an end to the ban on the highway for civilian movement and asked the Centre to revoke the decision to stop the cross-Line of Control trade.
Parties File Review Petition for VVPAT Verification
Citing issues with electronic voting machines (EVM) in the first few phases of polling for the Lok Sabha election, 21 opposition parties filed a review petition in the Supreme Court reiterating their demand for verification of 50% EVMs using voter-verified paper audit trail (VVPAT) slips.
The petition claims that after the first phase of polling, in many cases, EVMs were found to be defective and faulty. It has been reported that in some cases where voters would vote for one party, EVMs would record their vote having been cast for another party.
The Election Commission of India (EC) has consistently maintained that the glitches experienced in the first three phases of the seven-phase election are within acceptable limits in terms of number of defects.
Indian Army is planning to construct underground tunnels for storage of ammunition along the border with China and Pakistan and Public Sector Undertaking NHPC Limited is being roped in for the purpose.
Indian Army is in the process of executing pilot projects for construction of semi underground and cavern type ammunition storage construction through NHPC Ltd. for which a Memorandum of Understanding (MoU) will be signed in the coming days.
These tunnels will be built in high altitude areas in the Northern and Eastern borders. Initially, four pilot projects would be taken up at four different locations along the Northern border and in Jammu and Kashmir. These are expected to be completed within two years.
World Malaria Day is an international observance commemorated every year on 25 April and recognizes global efforts to control malaria. Globally, 3.3 billion people in 106 countries are at risk of malaria. In 2012, malaria caused an estimated 627,000 deaths, mostly among African children. Asia, Latin America, and to a lesser extent the Middle East and parts of Europe are also affected.
World Malaria Day was established in May 2007 by the 60th session of the World Health Assembly.
The theme for World Malaria Day 2019 is "Zero malaria starts with me".
The world's first malaria vaccine has been rolled out in Malawi to protect 360,000 children under two in Malawi, Kenya and Ghana in Sub-Saharan Africa from the mosquito-borne disease that causes 435,000 people global deaths each year.
The RTS,S/AS01 (trade name Mosquirix) is an injectible recombinant protein-based vaccine acts against P. falciparum, the most prevalent malaria strain in Africa. The vaccine prevents four in 10 cases of malaria in children who received four doses over a four-year period. The WHO welcomed the pilot programme by the government of Malawi.
Children under five years are at the greatest risk of death, with at least 250,000 children dying of the disease in Africa each year.
SEBI barred cash-strapped Hotel Leelaventure from selling its four hotels and other assets to Canadian investment fund Brookfield Asset Management till further directions.
In March Hotel Leelaventure Ltd. (HLVL) had announced the sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, as well as a property to Canadian investment fund Brookfield for Rs. 3,950 crore. It had sought shareholders' approval and the voting is scheduled to end on April 24.