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Challan produced against 3 accused in Kashmir for illegally extracting insurance money

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SRINAGAR: The Economic Offence Wing of Crime Branch Kashmir produced a challan against three accused persons for producing a fake death certificate to extract insurance money fraudulently.

According to a statement challan was produced in case FIR No. 15/2008 U/S 420, 467,468,471,201,120B RPC before the court of Forest Magistrate Srinagar against Taveen Hussain Shah, Late Gul Fatima and Late Sakhi Shah—all residents of Kupwara.

The statement reads the instant case had been registered upon a receipt of a written complaint from one Jatinder Pal Singh, Area Manager, ICICI Prudential Life Insurance Regulatory and Development Authority of India, wherein it was alleged that Taveen Ahmad Shah had opted for life insurance policies twice with ICICI Prudential Life Insurance and had fraudulently extracted the huge amount by showing himself as dead.

It reads accordingly a case FIR No. 15/2008 had been registered and investigation into the matter was set in motion.

“During the course of investigation, it has surfaced that accused Taveen Shah had hatched a criminal Conspiracy in league with his mother and father and misrepresented the actual facts before the ICICI insurance Company and illegally and fraudulently extracted an amount of Rs 4.27 lacs as insurance claim of one of his policies by producing his fake death certificate,” it reads.

It further reads after receiving one insurance claim, the accused executed another two policies for Rs. 52 Lacs and produced another death certificate of Road Traffic Accident in Banihal.

“During the course of investigation, it was established that the accused had not died in the road accident anywhere and has managed fake death certificates to avail the insurance amount and has shown him as dead twice, but the fact is that the accused Taveen Hussain Shah is still alive,” it added. It reads the offences were proved against him and the challan was produced in the court of law.

SC mobile app 2.0 launched, law officers can view court proceedings real time

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New Delhi, Dec 7: The Supreme Court on Wednesday launched android version 2.0 of its mobile application, which will give access to law officers and nodal officers of various union ministries to watch court proceedings real time.
Chief Justice of India DY Chandrachud said the mobile application can be downloaded from Google Play store while the iOS version will be available in a week’s time.
“Android version 2.0 is available while iOS will be available in a week’s time. Besides lawyers and advocates on-record, the application will give exclusive real time access to all law officers and nodal officers of various ministries of the Central government. They can watch the court proceedings by logging in through this application”, the CJI said.
He made the announcement before the start of the day’s work.
“The law officers and nodal officers of the union ministries can watch in real time the status of their case filed, order, judgements, and pendency of their cases”, CJI Chandrachud said.
The mobile application, which was earlier in existence, granted access to lawyers and advocate on-records to watch court proceedings.It also showed the status of the cases, orders and judgements.
During the pandemic, then Chief Justice NV Ramana had granted access to few media persons to enable them to watch court proceedings virtually. (Agencies)

Home, auto loans to get expensive as RBI hikes lending rate

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Jammu: The Reserve Bank on Wednesday expectedly raised the benchmark lending rate by 35 basis points (bps) – the fifth increase since May – saying it remains focussed on bringing down the inflation to a tolerable limit.

The move to raise the rate will make loans — including housing, auto — and corporate credit expensive.

Terming the Indian economy a bright spot in the otherwise gloomy world, the Reserve Bank of India (RBI) lowered its estimate of GDP growth to 6.8 per cent in the fiscal ending March 31, 2023, from an earlier forecast of 7 per cent.

It, however, kept the inflation forecast unchanged at 6.7 per cent for the current fiscal and projected it to come down below the upper tolerance limit of 6 per cent in the fourth quarter of the current financial year.

The Consumer Price Index (CPI) based inflation, which RBI factors in while fixing its benchmark rate, stood at 6.7 per cent in October. Retail inflation has been ruling above the RBI’s comfort level of 6 per cent since January this year.

RBI Governor Shaktikanta Das said the central bank remains nimble and flexible in its approach to deal with the price situation.

The six-member monetary policy committee (MPC) headed by RBI Governor raised the key lending rate or the repo rate by 35 basis points to 6.25 per cent.

With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank has now crossed 6 per cent.

This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year.

Consequently, the standing deposit facility (SDF) rate is adjusted to 6 per cent and the marginal standing facility (MSF) rate and Bank rate to 6.50 per cent.

The MPC also decided to remain focused on the withdrawal of the accommodative stance to ensure that inflation remains within the target going forward while supporting growth.

The panel also decided by a majority — 5 out of 6 members — voted to increase the policy repo rate by 35 basis points while Jayanth R Varma voted against the hike.

Das also said the overall liquidity remains in surplus, with average daily absorption under the liquidity adjustment facility (LAF) at Rs 1.4 lakh crore during October-November compared to Rs 2.2 lakh crore in August-September.

On the inflation outlook, the governor said it is expected to be at 6.7 per cent for the current fiscal.

Concerning economic growth, the RBI has slashed its GDP forecast to 6.8 per cent from an earlier estimate of 7 per cent for the current fiscal.

“Growth remains resilient in such a hostile environment…inflation in India is lower than other countries,” he said, adding even at the lower GDP growth rate, India will remain among the fastest-growing major economies.

In its last bi-monthly policy review released in September, the RBI had slashed the economic growth projection for the current financial year to 7 per cent from 7.2 per cent earlier on account of extended geopolitical tensions and aggressive monetary policy tightening globally.

Class 12 Jammu student to launch nano-satellite with help of ISRO

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Jammu, December 7 :

Onkar Batra, a Class 12 student from Jammu, will launch his nano-satellite this month with the help of the Indian Space Research Organisation (ISRO).

Batra, a student at BSF Senior Secondary School here, has developed India’s first open-source satellite ‘InQube’.

The satellite is prepared under the banner of Paradox Sonic Space Research Agency.

While talking to Milap News Network, Batra said the satellite weighs around one kg and has been developed with the help of nano-technology. He said many universities and researchers in foreign countries are doing such work, so they decided to launch it in space with the help of ISRO.

Its launch in India will cost Rs 20 to 80 lakh, while in foreign countries, the price went into crores. 

He said every satellite launched into space has a special mission and added that ‘InQube’ has two missions. One is to test if such a lightweight satellite can work in space and the other is to look at the temperature to help researchers know what the weather conditions are going to be like.

Batra, who is also the CEO of Batra Technology, received the National Bal Shakti Award from former president Ram Nath Kovind for creating an interactive website for covid.

Batra created the first website when he was seven-year-old which earned him a place in the Guinness Book of World Records by becoming the world’s youngest Webmaster (male). 

He became the world’s youngest theoretical author by writing his book ‘When The Time Stops’ at the age of 12. He has created two companies-Batra Technologies in 2018 and United India Publishing in 2019.

On Flag day, LG pays tributes to armed forces bravehearts

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JAMMU: Lieutenant Governor, Manoj Sinha today extended warm greetings and best wishes to all members of the armed forces and their families on the occasion of Armed Forces Flag Day.

In a ceremony held at Raj Bhavan, Director Sainik Welfare Department, Brig Gurmeet Singh Shan(Rtd) pinned the Armed Forces Flag on the jacket of the Lt Governor and Chief Secretary, Dr Arun Kumar Mehta.

Paying tributes to the Bravehearts of Armed Forces and saluting the bravery and selfless service of the Defence Forces and their families, the Lt Governor said the Flag Day is an opportunity for all of us to express gratitude and solidarity with brave armed forces personnel.

I salute the courage and dedication of our soldiers and acknowledge with gratitude their valour and service to our country, said the Lt Governor.

On the occasion, the Lt Governor appealed to all citizens to contribute generously to Armed Forces Flag Day fund and serve the noble cause of welfare of soldiers, the ex-servicemen and their families.

Later, Director Sainik Welfare Department briefed the Lt Governor on the endeavours made and initiatives taken up by the Department for the welfare of Veterans, Veer Naris, their dependents and serving Armed Forces personnel.

Col JS Randhawa (Rtd); Col BS Sambyal (Rtd.); Col JS Jamwal (Rtd.); Col MS Bhau (Rtd.); Col SS Assla (Rtd); Tarsem Chand, Rajni, Jyoti Magotra, Nisha, and Alpi Mahajan were present on the occasion.

RBI lowers GDP growth projection to 6.8 for FY23

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Mumbai, Dec 7: The Reserve Bank on Wednesday marginally lowered the country’s GDP growth projection for the current fiscal at 6.8 per cent from its earlier estimate of 7 per cent.
However, despite the downward revision in the economic growth projection, India will remain among the fastest growing major economies in the world, said RBI Governor Shaktikanta Das while announcing the latest bi-monthly monetary policy.
He said the Indian economy remains resilient and is a bright spot in a gloomy world.
It is to be noted that the RBI had also pared its growth projection in September as well.
The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from its earlier estimate of 6.5 per cent, saying the economy was showing higher resilience to global shocks. (Agencies)

PM Modi urges leaders of all parties to make collective efforts to make winter session more productive

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NEW DELHI, Dec 7: Prime Minister Narendra Modi on Wednesday urged leaders of all parties to make collective efforts to make Parliament’s winter session more productive.
Speaking to media ahead of the session’s start, he said Parliamentarians, including from the opposition, have told him that disruption and adjournment in Parliament is not good and this also denies younger MPs an opportunity to learn.
The Prime Minister urged all political parties to give first time MPs a chance to participate in debates for their bright future and also for preparing the next generation in democracy.
He also said that India hosting the G20 summit, which will be held next year, is not merely a diplomatic event but also a chance to showcase the country’s capabilities before the world.
The Prime Minister said he had a cordial discussion with leaders of different parties recently at an all-party meeting on G20 and expressed hope that it will be reflected in Parliament as well. (Agencies)

Active Covid cases in country dip to 4,255

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New Delhi, Dec 7: India recorded 166 new coronavirus infections, while the active cases declined to 4,255, according to the Union Health Ministry data updated on Wednesday.
The total tally of Covid cases stands at 4.46 crore (4,46,73,949).
The death toll climbed to 5,30,638 with five fatalities which includes three deaths reconciled by Kerala. One death each has been reported from Karnataka and Uttar Pradesh in the last 24 hours, the data updated at 8 am stated. The active cases comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate increased to 98.80 per cent, the ministry said.
A decrease of 90 cases has been recorded in the active COVID-19 caseload in a span of 24 hours.
The number of people who have recuperated from the disease surged to 4,41,39,056 while the case fatality rate was recorded at 1.19 per cent. According to the ministry’s website, 219.94 crore doses of Covid vaccine have been administered in the country so far under the nationwide vaccination drive. India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 2020, 30 lakh on August 23, 40 lakh on September 5 and 50 lakh on September 16. It went past 60 lakh on September 28, 70 lakh on October 11, crossed 80 lakh on October 29, 90 lakh on November 20 and surpassed the one-crore mark on December 19. The country crossed the grim milestone of two crore on May 4 and three crore on June 23 last year. It crossed the four-crore mark on January 25 this year. (AGENCIES)

Pahalgam records coldest night of season as cold wave tightens grip over Kashmir

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Srinagar, Dec 07: Pahalgam, a famous tourist resort in south Kashmir’s Anantnag district, recorded coldest night of the season at minus 5.6 degree celsius.

The night temperature remained below freezing point in other parts of the Valley.

News agency Kashmir News Observer (KNO) reported that in Srinagar, the summer capital of Jammu and Kashmir, mercury settled at minus 3.0 degree celsius.

Gulmarg, a world famous ski-resort, recorded a low of minus 4.0 degree celsius while Kupwara and Kokernag recorded minus 1.9 and minus 3.1 degrees celsius respectively on the intervening night of Tuesday and Wednesday.

Meanwhile, an independent weather forecaster, Faizan Arif has said a fresh Western disturbance is affecting Jammu and Kashmir from December 09.

He said under its influence light snow over plains and lower reaches and light to moderate snow over middle and higher reaches is expected from December 09 evening to December 10 evening.

Recruitment test for 1,200 police SI posts begins in J&K on Wednesday

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JAMMU, Dec 7: The recruitment exam to fill 1,200 posts of Sub-Inspectors in Jammu and Kashmir Police starts in the union territory on Wednesday.
After allegations of question paper leakage surfaced up, this test was cancelled earlier this year and the investigations were handed over to the Central Bureau of Investigation (CBI).
In the ongoing investigation, the CBI has so far arrested more than a dozen people in the question paper leakage.
Those arrested include one commandant-level officer of the Border Security Force, one assistant sub-inspector of the Central Reserve Police Force, an official of the State Service Recruitment Board and two constables of the local police.
The Lieutenant Governor-led administration intervened and cancelled the previous exam immediately after its result was declared.
The fresh recruitment exam that starts on Wednesday will end on December 20 as the test has been spaced to accommodate a large number of candidates taking the exam. (AGENCIES)