Urjit Patel steps down as RBI Governor
Dr. Urjit Patel on Monday announced that he was stepping down from his position as the Reserve Bank of India (RBI) Governor. “On account of personal reasons, I have decided to step down from my current position effective immediately”, his statement said.
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A UK court Monday ordered Vijay Mallya's extradition, in a major boost to India's efforts to bring back the fugitive wanted for alleged fraud and money laundering charges amounting to an estimated ₹ 9,000 crores. Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".
"Having considered evidence as a whole. There is a case to answer," Judge Arbuthnot said as she ruled that 62-year-old Mallya could be extradited to India to stand trial on the charges brought by the CBI and the ED.
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A Delhi Court on Monday granted further 5-day remand of Christian Michel, the alleged middleman who has been chargesheeted in the graft-tainted AgustaWestland VVIP chopper deal, for his custodial interrogation by the CBI.
Modi, Jaitley praise Urjit Patel for his work as RBI Governor
Both Prime Minister Narendra Modi and Finance Minister Arun Jaitley tweeted on Monday expressing their appreciation for RBI Governor Urjit Patel, who resigned citing personal reasons.
Nuclear-capable Agni-V successfully test-fired off Odisha
India successfully test-fired nuclear-capable long-range ballistic missile Agni-V on Monday. The missile was launched from a canister on a road mobile-launcher from Dr. Abdul Kalam Island off Odisha.
India beats Australia by 31 runs in first Test in Adelaide
India gave wings to their ferocious ambition of winning a maiden series Down Under, beating Australia by 31 runs in the opening Test with an irresistible fusion of self-belief, hunger and talent here Monday
Will raise Rafale, RBI autonomy issue in Parliament: Ghulam Nabi Azad
The opposition will press for a joint parliamentary committee to probe the Rafale jet deal and raise several issues, including the misuse of probe agencies and autonomy for RBI, in the Winter Session of the Parliament beginning on Tuesday, says Congress leader Ghulam Nabi Azad.
RLSP chief Upendra Kushwaha resigns from Union Council of Ministers
A day before counting of votes for Assembly polls in five States, the NDA received a setback with one of its allies leaving the fold. Upendra Kushwaha, leader of the Rashtriya Lok Samata Party (RLSP), announced his resignation from the Union Council of Ministers and his party’s exit from the NDA.
UK PM Theresa May to withdraw parliamentary vote on her Brexit deal - BBC
British Prime Minister Theresa May is pulling a parliamentary vote set for Tuesday on her Brexit deal, the BBC reported, after repeated warnings from lawmakers that the scale of the expected defeat could sink her government.
NPS withdrawals exempt from tax, govt. contribution increased to 14%
The government on Monday announced a slew of changes to the National Pension Scheme (NPS), including increasing the government’s contribution, exempting withdrawals from tax, and also exempting up to ₹1.5 lakh of contributions to the scheme from tax.
Mushirul Hasan, noted historian, passes away
Historian Mushirul Hasan, who has extensively written on India's Partition, passed away on Monday morning. He was 69 years old.
Sensex tumbles 714 points as exit polls show Congress-BJP neck-and-neck in State elections
Market benchmark Sensex buckled under heavy selling pressure on Monday, plummeting 714 points as investors panicked over exit polls suggesting the Congress giving a tough fight to the ruling BJP in State elections as also the bruised rupee and weak global cues further dampened sentiment.