Nation
Assam Congress MLA arrested in auto theft racket
Assam Police on Tuesday arrested Congress legislator Rumi Nath for her alleged nexus with the notorious kingpin of auto theft racket Anil Chauhan.
 
A senior official of the Guwahati Police Commissionerate confirmed this on Tuesday and added that Nath was arrested for two cases - one registered with the Azara police station and the other registered with Dispur police station in the city. 
 
"She was arrested from her official residence in Dispur on Tuesday morning," the official added.
 
Both the cases are related to her nexus with the kingpin of auto theft racket, police said.
 
"She was arrested under non-bailable sections of the Indian Penal Code (IPC) which include Section 120 (B), 212, 420 and 468," the official said.
 

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COMMENTS

D S Ranga Rao

2 years ago

Congratulations! Yet another golden feather in the cap of Indian National Congress(INC). So, she qualifies to be the next Chief Minister of Assam!

World Bank pegs India's growth at 8 percent next fiscal
The World Bank has forecast India's growth accelerating to 8 percent in the next fiscal and said the country is well-placed in a region that has not only logged the highest economic expansion but would benefit the most from cheaper oil bill.
 
According to the bank's South Asia Economic Focus report, which is released twice a year, the exports sector in the region remains a cause for worry, even as the lower oil import bill should trigger a complete revamp of fuel subsidy regime.
 
The new projections come soon after host of agencies and organisations expressing renewed confidence on the Indian economy. International credit rating major Moody's revised India's sovereign ratings outlook to positive from stable, while Fitch reaffirmed its stable outlook on India. 
 
The think-tank of rich nations, the Organisation for Economic Cooperation and Development (OECD), also endorsed high growth prospects for India. Similarly, the Asian Development Bank (ADB) has also projected the country's growth at 7.8 percent in 2015-16 and at 8.2 percent in 2016-17.
 
World Bank South Asia Chief Economist Martin Rama said the biggest oil price dividend to be cashed in by South Asia is one yet to be earned. But it is not one that will automatically transit through government or consumer accounts, he said, commenting on the latest findings of the report.
 
"Cheap oil gives the opportunity to rationalize energy prices, reducing the fiscal burden from subsidies and contributing to environmental sustainability," he added, even as India's oil import bill for February this year, the latest period for which data is available, shrank by more than 55 percent over the corresponding month of last year.
 
The World Bank said India's GDP (gross domestic product) growth is expected to accelerate to 7.5 percent in fiscal 2015-16. "It could reach 8 percent in fiscal 2017-18, on the back of significant acceleration of investment growth to 12 percent during (FY2016-FY2018)," the economic focus report said.
 
"The country is attempting to shift from consumption - to investment-led growth, at a time when China is undergoing the opposite transition."
 
Since the fall in crude oil prices from mid-2014, the finance ministry has estimated that the subsidy burden on account of oil for the year 2014-15 will be around Rs.80,000 crore.
 
With the steep fall in oil prices the subsidy burden has been projected to come down from a high of Rs.1.39 lakh crore for 2013-14 to around Rs.80,000 crore in 2014-15.
 
The steep fall in the oil prices has also allowed the three-state owned petroleum products retailers to pass on the benefit of cheaper prices to consumers. The retailers have been allowed by the government to fix the prices of petrol and diesel prices as per international prices. 
 
The three oil marketing companies (OMCs) have been revising rates on the 1st and 16th of every month based on the fortnightly average of international oil prices and the rupee-dollar exchange rate. 
 
The country's oil imports during April-February, 2014-15, totalled $130.84 billion, down 12.24 percent from the corresponding period of the previous fiscal. 

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Swimming Coach and Club Held Liable for Safety of Boy Who Died
Camp organisers and coaches are liable for safety of students in their custody at the swimming pool, ruled the Maharashtra State Consumer Disputes & Redressal Commission (MSCDRC), in a case in which a young boy, Rohan Jetha, died in a swimming pool.
 
A swimming club had advertised that it was conducting a swimming camp for young boys for a fee of Rs1,200 per head. Geeta Jetha and Shailaja Rane sent their sons for the swimming camp. On 28 April 2003, Geeta Jetha was waiting for her son, Rohan, to return from the swimming camp. When she complained, the coach located the boy in the pool at a depth of 15 feet. Rohan was rushed to the hospital where he was pronounced dead due to drowning.
 
Geeta Jetha filed a complaint before the MSCDRC, alleging deficiency of service. The amount computed (based on earning potential) was Rs7,20,000. This was the award to the Geeta Jetha as compensation by the Commission. Another Rs1.8 lakh was awarded as compensation for shock and mental agony, taking the total amount to Rs9 lakh. The Commission directed that the total amount be paid along with 9% interest from 14 October 2003. If there was a delay of more than two months, on the part of the coach and the club, interest rate would be enhanced to 12%. Costs of Rs25,000 were also granted to Geeta Jetha.

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