Author: Mamta Roy

I love to discuss and give information about politics, current affairs, and the economy. I love both my passion and patriotism.

Raid on the premises of former state minister SP Velumani in Coimbatore, Tamil Nadu; 7 MLAs detained

Raids are being conducted in Coimbatore, Tamil Nadu, by DVAC. at the offices of former state minister SP Velumani is the Directorate of Vigilance and Anti-Corruption. In connection with charges involving former Minister of State SP Velumani, DVAC is conducting searches at 26 locations, including Chennai and Coimbatore.

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The former minister is charged with abusing his position by unfairly granting contracts to businesses he was close with. Workers from the AIADMK are gathered at his home’s bar and are demonstrating against the minister’s actions.

Several activists and seven AIADMK MLAs have reportedly been detained by the Tamil Nadu Police for demonstrating outside the Coimbatore home of former state minister SP Velumani in opposition to a raid by the Directorate of Vigilance and Anti-Corruption.

As far as SP Velumani is concerned, this is not the first time he has been screwed over. The offices of his close friend Chandrashekhar had been searched earlier in July by the Income Tax Department. At the time, six locations were raided by the Income Tax Department.

Vigilance Department has already seen action in Tamil Nadu

A Village Administrative Officer (VAO) and Revenue Inspector (RI) were recently detained by the state Vigilance and Anti-Corruption Directorate (DVAC) in Chennai, the capital of Tamil Nadu, for allegedly requesting and accepting bribes in separate incidents.

Indian stock market opened with gains on Monday, Sensex climbed above 60 thousand, IT and metal sectors boomed

On Monday, the Indian stock market also managed to post gains for the fourth session in a row, as the Sensex once more rose and crossed the 60,000 thresholds. The IT and metal sectors are growing rapidly in today’s economy.

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A 58-point surge in the Nifty led to an opening price of 17,891, while a 119-point rise in the Sensex led to an opening price of 59,912. Investors’ enthusiasm also rose, and they began to buy ferociously. Due to ongoing investment, the Sensex increased by 250 points to 60,048 at 9:28 am, while the Nifty increased by 74 points to 17,907.

Today these stocks are showing bullishness

From the beginning of today, investors purchased shares of Tech Mahindra, Bajaj Finserv, M&M, Dr. Reddy’s, and Infosys. With continuing investment, the stocks of these companies appeared on the list of top gainers. On the other hand, businesses like Hindustan Unilever, HDFC, Asian Paints, and Kotak Bank were selling today, and their shares are currently among the worst losers. In today’s session, both the Nifty Midcap 100 and Nifty Smallcap 100 are up 0.9 percent.

Asian market on the green mark

The majority of Asian stock markets are currently seeing growth. The Nikkei in Japan was up 1.04 percent and the Singapore Stock Exchange was up 0.28 percent. In addition, the Taiwanese market has increased by 1.64 percent. Nevertheless, China, Hong Kong, and South Korea’s Shanghai Composite are not trading today.

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ED raids in many areas of Kolkata city, more than 7 crore cash recovered

The West Bengal state capital of Kolkata has witnessed activity from the Enforcement Directorate once more. The ED conducted raids throughout Kolkata city today (Saturday). After the ED was split up into fragments, they began conducting raids throughout the city. The ED has collected more than Rs 7 crore in cash as a result of this operation.

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Over 7 crore cash recovered

The evidence indicates that ED agents searched the home of transport merchant Aamir Khan in the Garden Reach neighborhood. Under the cot, ED officers discovered many bundles of Rs. 500 and Rs. 2000 packaged in plastic. A bundle of seven crore notes has been found under the cot, according to information received so far.

Fraud involving a mobile gaming app

According to reports, ED took significant action in the fraud case involving the Yeh Red Mobile Gaming App. In raids at 6 locations in Kolkata, the ED has retrieved more than 7 crores in cash. The ED conducted raids in New Town, Ekbellor, Park Street, and Garden Reach, among other locations.

Minister Malay Ghatak’s offices were the target of a raid

Importantly, the CBI recently conducted searches and raids at several of West Bengal Law Minister Malay Ghatak’s homes in Asansol and Kolkata in connection with the multi-crore coal smuggling scandal. The ED had also repeatedly summoned Ghatak for questioning in the coal scandal at the same time.

Big decision of Modi government at the center; Export of broken rice banned

Rice Export Ban: The Narendra Modi administration at the Center has made a significant move amid soaring rice prices in the nation. The export of broken rice has been banned by the Modi government. A directive for this has also been issued by the government. In addition, the government has placed a 20 percent export levy on all rice other than usna rice.

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Rice is exported to over 150 countries by India

21.2 million tonnes of rice were exported from India in the fiscal year 2021–2022. 39.4 lakh tonnes of basmati rice were present. Non-basmati rice exports during this time amounted to $6.11 billion, according to official statistics. More than 150 nations imported non-basmati rice from India in 2021–2022.

From today, restrictions will apply

Santosh Kumar Sarangi, director general of foreign trade, issued the notification. This states that “The export of broken rice has been prohibited from today, i.e. 9 September Additionally, there is a 20% duty on the export of various grades. Indicate that, after China, India produces the most rice. 40% of the world’s rice commerce comes from India. In the current Kharif season, less land is now planted with paddy. In order to increase the domestic supply, the government has taken this action.

Paddy sown area decreased by 5.62%

40% of the world’s rice commerce comes from India. In the current Kharif season, the amount of paddy that has been sown has reduced by 5.62 percent to 383.99 lakh hectares, according to the most recent data from the Ministry of Agriculture. The area covered by paddy has shrunk as a result of lower rainfall in certain states across the nation. After China, India is the country that produces the most rice.

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Rajpath will be renamed Kartavya Path from today, PM Modi will inaugurate, as well as unveil Netaji Bose’s statue

The name of Rajpath will change from today. Rajpath, the street that links Vijay Chowk and India Gate, will now be history. The roughly 3-kilometer-long Rajpath will now go by the name Kartavya Path. Today, the Kartavya Path will be inaugurated by Prime Minister Narendra Modi. Rajpath’s name is changing, but it’s also getting a makeover from top to bottom.

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There will also be an inauguration of a statue of Netaji Subhash Chandra Bose at India Gate. The India Gate Circle C Hexagon will continue to be blocked by traffic.

Today Kartavya Path inaugurated

An area of Central Vista will be dedicated to the nation today by Prime Minister Modi. At 7 o’clock, PM Modi will officially open the Kartavya Path. The statue of Netaji at India Gate will also be unveiled at the same time. A 28-foot-tall hologram of Netaji was previously erected at India Gate. A 65 metric ton granite sculpture, it is carved out of granite.

Wednesday, the name change was approved

Kartavya Path has also been expanded with six new parking lots. There are 6 vending zones now. There are created 1580 red-and-white sandstone bollards. Along this Kartavya Path, a 19-acre canal has been developed and 150 trash cans have been installed. The Kartavya Path will be dedicated to the country by Prime Minister Narendra Modi after the NDMC approved the renaming of the Rajpath on Wednesday.

What is the Kartavya Path?

In addition, if we talk about the Kartavya Path rather than Rajpath, it is roughly three kilometers long. It contains 4,087 trees. It has 114 contemporary indicators. More than 900 lights are present. There have been constructed 8 feature blocks. 1,10,457 square meters make up its area. There are 987 concrete pillars that are quite thick. There are another 1,490 manholes in it in addition to this. There are now 4 pedestrian underpasses. There are 422 benches that are fashioned of red granite.

The stock markets closed with a fall, Sensex-Nifty on the red mark, the banking sector saw a decline

Stock Market News: Today’s stock market closes with a decline. The Sensex dropped 168.08 points on Wednesday, or 0.28 percent, to end the day at 59,028.91. In addition, the Nifty index (Nifty-50) lost 31.20 points, or 0.18 percent, to finish at 17,624.40. The banking industry has been in decline recently.

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Twelve out of the top 30 businesses on the Sensex have had their shares close in the green after a day of trading. Shares of Ultra Chemical completed today’s trading session up 4%. In addition to this, the shares of Wipro, TCS, Sun Pharma, Bajaj Finance, Axis Bank, Bajaj Finserv, Tatine, Nestle India, Infosys, Dr. Reddy’s, and Asian Paints have increased.

The share price closed in the red

IndusInd Bank has dropped the most in the list of tumbling equities, other than this. Other companies that have closed in the red include Bharti Airtel, M&M, Maruti, SBI, ICICI Bank, Tata Steel, HDFC, HCL Tech, NTPC, Reliance, LT, HDFC Bank, Power Grid, and ITC.

Which sector was in good condition?

Nifty Bank, Auto, Financial Services, PSU Bank, and Private Bank sectors all had a decline today. On the other side, the FMCG, Nifty Healthcare, Nifty Realty, Pharma, Metal, Media, and Oil & Gas sectors have all seen purchases.

Firecrackers will be banned in Delhi this time also on Diwali, AAP government issued an order

This year, Diwali will not be celebrated with fireworks in Delhi. The nation’s capital’s environment minister, Gopal Rai, declared on Wednesday that all firecrackers will be banned there until January 1. He said that the internet sales of firecrackers are also subject to the ban.

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On Twitter, he said that similar to the previous year, the production, storage, sale, and use of all kinds of firecrackers are fully outlawed in order to protect people’s lives from the pollution threat facing Delhi.

He disclosed that the online purchase and distribution of firecrackers in Delhi would also be prohibited this time. This prohibition will be in effect until January 1, 2023. A strategy will be created with the assistance of the Delhi Police, DPCC, and Revenue Department to ensure that the restriction is rigorously adhered to.

Let us remind you that, from September 28 to January 1, 2022, the Delhi government has declared a complete ban on the selling and setting off of firecrackers in Delhi. The city government has launched a campaign called “पटाखे नहीं दिए जलाओ” to raise awareness about the dangers of firecracker burning. Legal action was also initiated against cracker-bursting individuals at the same time.

Income tax raid on the premises of State Home Minister Rajendra Yadav in Jaipur, raided 50 places simultaneously

IT Raid in Rajasthan: Rajendra Yadav, a minister of state for the home, and his family have been the subject of a raid by the income tax department in Rajasthan. In Jaipur, extensive raids have been carried out. The raiding activities only began this morning.

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According to reports, 50 locations were raided at once. The CRPF members who participated in the raid have been enlisted by the Income Tax Department as well. There are reportedly about 300 police officers participating in the proceedings. A minister who is regarded to be close to CM Ashok Gehlot is Rajendra Yadav.

Raid on Minister Rajendra Yadav’s residence

Raids are also underway in Jaipur at the residences and offices of Minister of State for Home Rajendra Yadav. Other businessmen have been roused by the Income Tax Department’s operations. According to reports, the Minister of State and his family members have the income tax key hidden in more than 53 locations. The Income Tax squad has been conducting raids since Wednesday at about 5:00 am. Along with the team, a sizable number of police officers and CRPF members are present. Additionally, about 100 trucks were utilized in the operation.

Midday meal supply-related matter

The issue relates to the disruption of the mid-day meal supply. After the IT raid, a sizable amount of black money is anticipated to be revealed. Early in the morning, teams from the Income Tax Department arrived at the homes, workplaces, and other locations of business organizations connected to the minister and his kin. The Minister of State’s house is also being searched. Rajendra Yadav, Rajasthan’s Minister of State for Home, is said to have relatives and relations working at the mid-day meal bag plant that is being raided in Kotputli.

Mukesh Ambani will now become the owner of this American company, bought for Rs 255 crore

Mukesh Ambani, the chairman of Reliance Industries, is in the process of buying businesses one by one. He’ll be adding another significant American corporation to his portfolio. RIL has agreed to pay $32 million for the US-based software company SenseHawk Inc. Mukesh Ambani will acquire a 79.4% stake in the company through this.

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Reliance Industries Acquire SenseHawk

A report from Business Today claims that Mukesh Ambani is advancing the promotion of his solar energy ambitions. Reliance Industries Limited said in a statement on Tuesday that it had agreements worth $ 32 million (about Rs 255 crore) in place to buy the majority of the stock in the American business SenseHawk Inc.

Reliance Industries (RIL Share) stock price increased as a result of this transaction. The price of Reliance’s shares at the time of writing the news was Rs 2,598, up more than 1%.

How does Senshawk work?

Senshawk began operations in 2018. An organization based in California develops solar energy management systems based on software. By streamlining the process, Sensehawk is working to speed up the generation of solar energy from planning to solar energy firms. As part of this business, solar assets are managed digitally throughout their lifecycle.

Regarding this transaction, Mukesh Ambani, Chairman and CEO of Reliance Industries, remarked, “We welcome SenseHawk and its innovative crew to our Reliance family.” RIL is dedicated to transforming the green energy industry. In describing his vision, he claimed that by the year 2030, his business will have the ability to produce or will have produced at least 100 GW of renewable electricity that can be turned into carbon-free green hydrogen.

This deal will be of great benefit

Further, according to Mukesh Ambani, with Senshawk’s assistance, we will lower costs, boost output, and enhance performance for solar projects around the world. He remarked that it is a very exciting technological platform, and I am confident that Senshawk will expand greatly with the assistance of Reliance Industries. Regulatory papers anticipate the finalization of the transaction by the end of 2022.

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After CBI raids in Delhi liquor scam, now ED action; raids continue at 30 places

Now that the Delhi liquor scam has been the subject of CBI raids, ED is acting. In this case, the ED conducted raids at 30 various locations across the nation, including Delhi, Mumbai, and Lucknow. A money laundering case was filed by the ED after the CBI intervened in the Excise Policy case filed by the Delhi government. No raids have yet been conducted on Delhi’s Deputy Chief Minister, Manish Sisodia.

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An ED operation is currently underway in more than 30 locations, including Delhi, Lucknow, Gurugram, Chandigarh, Mumbai, Hyderabad, and Bangalore in Uttar Pradesh. Manish Sisodia, the deputy chief minister of Delhi, mentioned the potential of an ED raid at the same time in the special session of the Delhi Assembly. He stated, “Since the CBI has not found anything, they are now claiming that the ED would be searched.

Sisodia is an accused in the CBI FIR

Also at the same time, the CBI filed an FIR in the matter. Manish Sisodia has been designated the primary accuser in this. Sisodia is one of a total of 15 persons identified in this FIR. The CBI searches on Sisodia’s home and other locations have caused the Aam Aadmi Party and the federal government’s relationship to become tenser. According to the AAP, the organization is following “instructions from above.”

The chief minister of Delhi, Arvind Kejriwal, claimed that there was no need for concern and that the agency had permission to harass Sisodia “from above” despite CBI teams conducting raids across the country and Aam Aadmi Party supporters congregating outside his residence in the of the Delhi.

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