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Mar 06, 2018 08:51 AM IST | Source: Moneycontrol.com
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highlights
Trump says he may travel to Israel for embassy opening
RBI to inject additional liquidity of Rs 1 lakh crore in March
Efforts to stitch non-Congress, non-BJP front appear to be gaining momentum
PNB fraud going on since 2010: CBI tells court
Manohar Parrikar may head to the US today for treatment
Chidambaram passed order on Lok Sabha result day to benefit pvt firms, says BJP
Trump denies backing off on decision to impose tariffs
Govt says China building helipads, other infra in Doklam area
Trump says he may travel to Israel for embassy opening
US President Donald Trump said he might travel to Israel for the opening of the US embassy in Jerusalem, reports Reuters. Trump’s decision for the United States to recognise Jerusalem as the capital of Israel and move the embassy there from Tel Aviv reversed decades of US policy, aggravated Arab allies and has complicated his administration’s attempt to revive long-stalled West Asian peace talks. Trump said he was considering making what would be his second visit to Jerusalem as president. The opening of the US embassy is planned for May.
HDFC raises Rs 1,894cr via QIP to global investors
Housing finance major HDFC has raised Rs 1,893.92 crore through an issue of shares to global institutional investors. The board has approved and declared closure of the qualified institutional placement (QIP) issue, HDFC said in a filing to stock exchanges. It also determined and approved issue of 1.03 crore shares of face value Rs 2 each at an issue price of Rs 1,825 including a share premium of Rs 1,823 per unit to be allotted to eligible investors, it said.
RBI to inject additional liquidity of Rs 1 lakh crore in March
The Reserve Bank said it will inject additional liquidity of Rs 1 lakh crore in banks through longer tenor instruments to enable flexibility towards meeting their funding needs. The RBI said in order to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, "it is prepared to inject adequate additional liquidity using a combination of appropriate instruments." This will be in addition to normal Liquidity Adjustment Facility operations. The RBI will conduct four variable rate term repo auctions of Rs 25,000 crore each in March.
Efforts to stitch non-Congress, non-BJP front appear to be gaining momentum
Efforts to stich a non-Congress, non-BJP front appeared to be gaining momentum with Trinamool Congress Chief Mamata Banerjee reaching out to the DMK. This even as Telangana Chief Minister K Chandrasekhar Rao continued to receive support for such a proposal, reports PTI.
Former Chhattisgarh Chief Minister Ajit Jogi spoke to Rao over the phone on Monday and expressed support for the plan to float a Third Front-like formation, the Telangana Chief Minister's office said. Rao, the leader of Telangana Rashtra Samiti (TRS), had said two days ago that he was keen to engage himself in national politics to bring about a ‘change’ and was in talks with others to form a platform of like-minded parties.
Several leaders, including West Bengal Chief Minister Mamata Banerjee, AIMIM chief Asaduddin Owaisi, former Jharkhand Chief Minister Hemant Soren of the Jharkhand Mukti Morcha and two MPs from Maharashtra, have extended support to Rao's proposal.
PNB fraud going on since 2010: CBI tells court
Violation of norms for issuance of Letters of Undertaking (LoUs) to benefit billionaire jeweller Nirav Modi and his uncle Mehul Choksi had been going on since 2010, the Central Bureau of Investigation told the court. The agency explained the modus operandi involved in the alleged Rs 12,636-crore Punjab National Bank (PNB) fraud before the special CBI court. A LoU would be issued to one of the firms of Modi and Choksi, and after the money was credited to the applicants' account, a new LoU would be obtained to ‘adjust’ the earlier one, the CBI lawyer said.
Manohar Parrikar may head to the US today for treatment
Goa Chief Minister Manohar Parrikar was hospitalised in Mumbai’s Lilavati hospital on Monday for the next course of his treatment, 11 days after being discharged following treatment for a pancreatic ailment, reports PTI. "On Monday, the chief minister travelled to Mumbai for a medical check-up and based on the doctor's advice may travel overseas for further treatment," the Chief Minister's Office said in a statement. He is likely to be shifted to the US for further treatment by today evening, sources said.
Chidambaram passed order on Lok Sabha result day to benefit pvt firms, says BJP
The BJP sought to corner former Finance Minister P Chidambaram, alleging that he granted seven private firms, including scam-accused Gitanjali Gems, gold import benefits on the day of counting of 2014 Lok Sabha poll votes and asked the Congress how much "cut" was given to whom for the decision.
Senior party leader and Law Minister Ravi Shankar Prasad alleged that the then Congress-led UPA government ‘destroyed’ the economy by not letting the real stressed assets get reflected in banks' books and said total advances given by banks in the last six years of its rule rose to Rs 52.15 lakh crore from Rs 18.06 lakh crore in 2008.
N Korea's Kim, Seoul envoys discuss easing tensions
North Korean leader Kim Jong Un discussed ways to ease tensions on the peninsula with visiting South Korean envoys, the state KCNA news agency reported. Kim ‘warmly welcomed’ the South Korean officials, who handed over a letter from President Moon Jae-in.
"Hearing the intention of President Moon Jae In for a summit from the special envoy of the south side, he exchanged views and made a satisfactory agreement," the Korean Central News Agency said. "He also made an exchange of in-depth views on the issues for easing the acute military tensions on the Korean Peninsula and activating the versatile dialogue, contact, cooperation and exchange," it reported.
Trump denies backing off on decision to impose tariffs
US President Donald Trump denied ‘backing down’ on his decision to impose a 25% import duty on steel and another 10% on aluminium, reports PTI. "No, we're not backing down," Trump said when asked about his earlier tweet in which he said tariffs on steel and aluminium will only be halted if a ‘new and fair’ North American Free Trade Agreement (NAFTA) is signed.
Govt says China building helipads, other infra in Doklam area
Indian and Chinese troops have "redeployed" themselves away from the face-off site in Doklam, and China has undertaken construction of helipads, sentry posts and trenches for its army personnel there, Defence Minister Nirmala Sitharaman told the Rajya Sabha. "In order to maintain these troops during the winter, People's Liberation Army (PLA) has undertaken construction of some infrastructure, including sentry posts, trenches and helipads," she said. Sitharaman's reply came in response to a question on whether satellite images have revealed that China has constructed seven helipads in Doklam besides deploying tanks and missiles in the area. (Picture courtesy: PTI)