Headlines from today's papers:
Sonia Gandhi claims over Rs 9 crore in assets
An affidavit submitted along with Sonia Gandhi's nomination papers for the Lok Sabha elections from Rae Bareli, Uttar Pradesh, indicates that the Congress president has assets of over Rs 9.28 crore. This includes movable assets worth Rs 2.81 crore and immovable assets worth Rs 6.47 crore. When compared to the declarations made by Gandhi ahead of the 2009 general elections, the numbers indicate an almost six-fold increase. The Hindustan Times reported Congress sources saying that this was only because the declaration of the value of assets during the previous elections was based on the book value, while this time it was based on market value. However, Gandhi’s assets this time around do not include a vehicle.
Confidential Mudgal report names more players and officials: report
A confidential report submitted to the Supreme Court by the Justice Mukul Mudgal committee on the Indian Premier League corruption case is believed to contain “unverified” allegations against 12 or 13 players from the Chennai Super Kings and Rajasthan Royals, and not just six as was earlier reported, reports the Indian Express. Besides these dozen or so players, the report also named three other teams and allegations against at least three IPL office bearers. The hearing of the case is due to resume in the Supreme Court on April 17, the day the seventh edition of the tournament begins.
Sharad Pawar says BJP likely to become single largest party
Sharad Pawar, chief of one of the Congress party’s main allies, the Nationalist Congress Party, Wednesday said that he believed the Bharatiya Janata Party would emerge as the single largest party in the Lok Sabha elections. However, Pawar said that the BJP-led National Democratic Alliance would still fall short of the half-way mark required to form government, so the support of regional players would be critical. Despite this, Pawar ruled out an alliance with the NDA and clarified that the NCP would remain with the United Progressive Alliance even after the polls.
RBI grants IDFC and Bandhan in-principal approval of bank licenses
Twelve years after it issued its last set of bank licenses to Kotak Mahindra Bank and Yes Bank, the Reserve Bank of India Wednesday granted in-principle approvals to infrastructure financing firm IDFC and microfinance institution Bandhan Financial Services. The move ended a two-year race for new bank licenses, which saw the Tatas and the Videocon group pulling out along the way. IDFC was born out of a proposal in finance minister P Chidambaram’s ‘Dream Budget’ of 1996. It has Malaysia’s sovereign fund Khazanah Nasional Bhd and private equity firm Actis as investors. Bandhan was promoted in 2001 by social entrepreneur Chandra Shekhar Ghosh and is backed by investors such as the Financial Inclusion Trust, Small Industries Development Bank and International Finance Corporation.
SC orders Samsung chairman to appear in Ghaziabad court
The Supreme Court gave six weeks’ time to Samsung Electronics Co. Ltd chairman Lee Kun-hee to appear before a Ghaziabad court to avoid arrest in a decade-long dispute case with an Indian vendor over non-payment of US$1.37 million. Kun-hee, 72, is the third son of Samsung founder Byung-Chull Lee, and is reported by Forbes magazine as Korea’s richest man with an estimated net worth of US$11.3 billion.
Sonia Gandhi claims over Rs 9 crore in assets
An affidavit submitted along with Sonia Gandhi's nomination papers for the Lok Sabha elections from Rae Bareli, Uttar Pradesh, indicates that the Congress president has assets of over Rs 9.28 crore. This includes movable assets worth Rs 2.81 crore and immovable assets worth Rs 6.47 crore. When compared to the declarations made by Gandhi ahead of the 2009 general elections, the numbers indicate an almost six-fold increase. The Hindustan Times reported Congress sources saying that this was only because the declaration of the value of assets during the previous elections was based on the book value, while this time it was based on market value. However, Gandhi’s assets this time around do not include a vehicle.
Confidential Mudgal report names more players and officials: report
A confidential report submitted to the Supreme Court by the Justice Mukul Mudgal committee on the Indian Premier League corruption case is believed to contain “unverified” allegations against 12 or 13 players from the Chennai Super Kings and Rajasthan Royals, and not just six as was earlier reported, reports the Indian Express. Besides these dozen or so players, the report also named three other teams and allegations against at least three IPL office bearers. The hearing of the case is due to resume in the Supreme Court on April 17, the day the seventh edition of the tournament begins.
Sharad Pawar says BJP likely to become single largest party
Sharad Pawar, chief of one of the Congress party’s main allies, the Nationalist Congress Party, Wednesday said that he believed the Bharatiya Janata Party would emerge as the single largest party in the Lok Sabha elections. However, Pawar said that the BJP-led National Democratic Alliance would still fall short of the half-way mark required to form government, so the support of regional players would be critical. Despite this, Pawar ruled out an alliance with the NDA and clarified that the NCP would remain with the United Progressive Alliance even after the polls.
RBI grants IDFC and Bandhan in-principal approval of bank licenses
Twelve years after it issued its last set of bank licenses to Kotak Mahindra Bank and Yes Bank, the Reserve Bank of India Wednesday granted in-principle approvals to infrastructure financing firm IDFC and microfinance institution Bandhan Financial Services. The move ended a two-year race for new bank licenses, which saw the Tatas and the Videocon group pulling out along the way. IDFC was born out of a proposal in finance minister P Chidambaram’s ‘Dream Budget’ of 1996. It has Malaysia’s sovereign fund Khazanah Nasional Bhd and private equity firm Actis as investors. Bandhan was promoted in 2001 by social entrepreneur Chandra Shekhar Ghosh and is backed by investors such as the Financial Inclusion Trust, Small Industries Development Bank and International Finance Corporation.
SC orders Samsung chairman to appear in Ghaziabad court
The Supreme Court gave six weeks’ time to Samsung Electronics Co. Ltd chairman Lee Kun-hee to appear before a Ghaziabad court to avoid arrest in a decade-long dispute case with an Indian vendor over non-payment of US$1.37 million. Kun-hee, 72, is the third son of Samsung founder Byung-Chull Lee, and is reported by Forbes magazine as Korea’s richest man with an estimated net worth of US$11.3 billion.
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