One of the biggest public sector banks in the nation, Punjab National Bank, also known as PNB, has decided to raise the interest rates on its fixed deposits. As of today, these increased rates are in effect. A 30-basis-point increase has been made by PNB to these rates.
Author: Mamta Roy
I love to discuss and give information about politics, current affairs, and the economy. I love both my passion and patriotism.
Former Pakistan PM Imran Khan gets bail from Lahore High Court in funding case
Imran Khan, a former Pakistani prime minister, had a great relief on Monday (February 20). He was granted bail by the Lahore High Court. Khan arrived at the court to make an appearance. A sizable contingent of his fans was there during this.
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Imran Khan, the leader of the Pakistan Tehreek-e-Insaf Party (PTI), declared before entering the courtroom that he respected the judiciary. I’m about to make a court appearance.
He had stated that he would not halt the Prison Bharo movement and that the government was in charge of all of my protection while he was making his way to the High Court. At 5.30 p.m., Imran Khan was produced before the Lahore High Court, following which the hearing on him began.
Imran Khan was accused of receiving foreign funds in violation of the Foreign Exchange Act, for several of his allies. The case against his party stems from allegations of significant irregularities in the party’s foreign donor funding made by Akbar S. Babar, a founding member of PTI, in 2014.
Ramesh Bais takes oath as Governor of Maharashtra in the presence of CM Eknath Shinde
Ramesh Bais, the new governor of Maharashtra, will take the oath of office today. The Raj Bhavan’s Durbar Hall is where the swearing-in event will take place.
Let us notify you that Bais arrived at the airport in Mumbai last night. Chief Minister Shinde and many other leaders were there to greet him. Governor Bais will be sworn in by Mumbai Supreme Court Chief Justice S.V. Gangapurwala.
NIA raids seven locations of PFI in Rajasthan; Jaipur, Sawai Madhopur and Kota included
Seven PFI premises in Rajasthan have been searched by the National Investigation Agency (NIA) once more. In Jaipur, Bundi, Sawai Madhopur, and Kota, there has been action since the morning.
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The homes of PFI officeholders have been raided by the National Investigative Agency. Other locations where guerilla operations have been conducted include Jaipur, Bundi, Sawaimadhopur, Bhilwara, and Kota. Each and every PFI officeholder in these districts have had their homes raided.
It should be noted that the NIA had previously conducted a raid at the Jaipur homes of PFI officeholders. During the operation, officers discovered offensive material as well. The officials, however, declined to provide all the details. The investigative agency is currently conducting a raid.
BBC India office is alleged to have not paid tax during an IT survey
On the night of February 16, the BBC IT Survey, a three-day survey of the Income Tax Department, came to an end. After that, today the Income Tax Agency released information regarding this three-day survey.
The I-T teams found a number of errors and anomalies in the transfer price documentation, according to the Central Board of Direct Taxes (CBDT). In keeping with its Indian operations, the BBC does not disclose its income or profits.
mPassport Police App is launched by MEA to facilitate police verification of passports
To simplify and hasten the process of police verification for passport issuing, the Ministry of Foreign Affairs on Friday released the “mPassport Police App.”
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On Thursday, 350 mobile tablets were presented by Union Home Minister Amit Shah to the Delhi Police’s Special Branch officers in honor of the force’s Raising Day.
According to a Friday press release from the Regional Passport Office (RPO), Delhi, Ministry of Foreign Affairs, these gadgets would now allow the entire process of police verification and submission of reports to be paperless.
Abhishek Dubey, the regional passport officer in Delhi, said in a release that using a tablet will cut the verification time from 15 days to five days, bringing down the total time required to issue a passport to ten days.
Air India will recruit more than 6500 pilots for its 470 aircraft – report
With the purchase of 470 aircraft, Air India stunned the aviation world and has since made several significant announcements. This will have a significant positive impact on the air staff. Air India will now hire a large number of pilots.
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The airline estimates that in the upcoming years, it will require more than 6,500 pilots to fly the 470 aircraft it is purchasing from Airbus and Boeing.
The airline has ordered 840 aircraft in total to increase both its fleet and operations. This also includes the choice to purchase 370 planes. The largest aircraft order ever made by a carrier is this one. Presently, Air India has about 1,600 pilots flying its 113-plane fleet.
Air India will buy 840 aircraft, this company got the biggest order in history
Air India has placed orders for 840 aircraft with Boeing and Airbus. An option to purchase 370 aircraft is also part of the agreement, a senior corporate executive revealed on Thursday.
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Nipun Agarwal, Chief Commercial and Transformation Officer for Air India, said on LinkedIn that the airline is touched by the worldwide enthusiasm for the plane order. He stated that the process that began with the privatization of Air India two years ago is what led to the placement of this order for 840 aircraft.
“The deal includes an option to purchase 370 aircraft, and it will purchase 470 aircraft from Airbus and Boeing over the following ten years,” he stated. A carrier has never placed such a large order for an aircraft in the history of commercial aviation.
Additionally, for the long-term maintenance of the engines, “we have partnered with CFM International (CFM), Rolls-Royce, and GE Aerospace,” he continued. According to Agarwal, the agreement underlines the Tata Group‘s desire to make Air India a top-tier airline and provide direct flights from India to all major cities across the globe.
A350 widebody aircraft and 210 small-body aircraft will be bought from Airbus by Tata Group-owned airline.
Good news for oil companies! India cuts windfall tax on crude oil and fuel
Windfall Tax: The government has now greatly aided the oil industry. On the export of domestically produced diesel, aviation turbine fuel (ATF), and crude oil, windfall profit taxes have been reduced. As of today, February 16, the revised rates are in effect.
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The government decree states that organizations like Oil and Natural Gas Corporation (ONGC) would now be required to pay a tax of Rs 4,350 per tonne rather than Rs 5,050 per tonne on the crude oil they extract.
Know what are the new rates
The tariff on crude oil has now been cut from Rs 5050 per tonne to Rs 4350 per tonne. In addition, the tax on diesel exports was lowered from Rs 7.5 per liter to Rs 2.50 and the duty on ATF exports was lowered from Rs 6 to Rs 1.50. However, there is still no additional excise tax on gasoline.
CM Mamata removed Nandini Chakraborty from Raj Bhavan; appointed Secretary of Tourism Department
Nandini Chakraborty was fired by the state government from her position as governor’s principal secretary. The position of Chief Secretary for the Department of Tourism has been granted to Nandini Chakraborty. It has not yet been revealed who would serve as the Governor’s principal secretary.