Author: TheStateLine

New Delhi, Feb 11 (IANS) The Reserve Bank of India (RBI) has issued a compounding order of the Foreign Exchange Management Act (FEMA) violations in the case of Deccan Digital Networks Pvt Ltd, according to a statement issued by the Enforcement Directorate (ED) on Wednesday.The compounding order was passed by the Reserve Bank on January 14 under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), "in the case of Deccan Digital Networks Private Limited, which has resulted in termination of proceedings against the company for alleged contraventions of provisions of FEMA, 1999", the ED statement said.The agency statement further added that the said order has been passed by the RBI after issuance of ‘No Objection’ by the ED.In this case, based on the credible information received, a...

New Delhi, Feb 11 (IANS) Congress MP and Leader of Opposition in Lok Sabha, Rahul Gandhi’s charge that the present government has “sold out Bharat Mata” over a trade and tariff framework with the United States would carry more weight if his own party’s record did not tell a very different story, say political observers.Before accusing others of compromising national interest, it is worth revisiting what happened in 2008, when the Congress-led UPA government negotiated and signed the Indo–US Civil Nuclear Agreement, often celebrated by them as a historic diplomatic triumph, analysts argue.The 123 Agreement was projected as a breakthrough that would end India’s so-called “nuclear isolation.” And indeed, it did open doors to global nuclear commerce and secured a waiver from the Nuclear Sup...

Chennai, Feb 11 (IANS) The Tamil Nadu government has categorically rejected viral claims circulating on social media that students appearing for the Class 10 public examinations have been exempted from writing the Tamil language paper.Officials described the reports as “completely false” and urged the public not to be misled by unverified messages.Over the past week, posts shared widely on WhatsApp and X alleged that the state had decided not to make Tamil compulsory in the SSLC examinations.The messages further claimed that students from linguistic minority communities would be allowed to write the examinations in their respective mother tongues instead of Tamil.The claims quickly spread across the state, creating confusion and anxiety among students, parents and teachers.The issue also t...

Chandigarh, Feb 11 (IANS) Punjab Chief Minister Bhagwant Mann on Wednesday chaired a high-level meeting to review arrangements for the Progressive Punjab Investment Summit to be held from March 13-15 in Mohali, envisioning it as a step towards accelerating industrial growth in the state. Addressing the meeting, CM Mann said, "The Progressive Punjab Investment Summit will act as a catalyst to further give a major push to the industrial development in the state, which has already emerged as a favourite investment destination across the globe.""This historic summit will offer a healthy platform to transform the destiny of the state by giving a major push to industrial development," he said.Emphasising the need for collective deliberation, the Chief Minister said, "A consensus will be evolved ...

Shimla, Feb 11 (IANS) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday accused the previous BJP government in the state of plundering the coffers and spending lavishly instead of investing in development and infrastructure.The Chief Minister questioned the BJP’s defence of the 16th Finance Commission’s observations regarding the discontinuation of the Revenue Deficit Grant (RDG), pointing out that the BJP tenure benefited from a whopping Rs 54,296 crore of RDG.“This grant, which accounted for 25 to 30 per cent of the state's total revenue receipts along with Rs 16,000 crore in GST (Goods and Services Tax) compensation, is utilised for political stabilisation and freebies rather than addressing the state's long-term fiscal health,” CM Sukhu told the media here after visit...

Ahmedabad, Feb 11 (IANS) The collapse of a balcony slab in the Sukhram Nagar slum quarters of Amraiwadi locality in Gujarat on Wednesday morning led to a major rescue operation, with the fire brigade personnel safely evacuating 58 residents trapped inside the dilapidated building, officials said.The incident occurred at approximately 08:15 am when a portion of the balcony slab of a G+2 residential building gave way.The falling debris blocked the principal access route to the structure, hindering movement in and out of the building, triggering alarm among those trapped inside.The affected building forms part of slum quarters in the area where ageing and makeshift structures are a common sight.Fire brigade personnel were dispatched immediately after the collapse was reported. More than four ...