CONDUITS
India issued one lakh patents in 2024, ten years back it was just 6000: Piyush Goyal
India has seen a significant rise in the number of patents granted, reaching around one lakh in 2024, a substantial increase from the 6,000 patents issued annually a decade ago, according to Union Minister of Commerce and Industry Piyush Goyal. The announcement was made during an outreach program with industry leaders and stakeholders in Hyderabad, Telangana.
Julian Assange's actions put people in danger: US State Department after whistleblower walks free
Julian Assange, WikiLeaks founder, arrived in Australia after signing a plea deal with the US, ending a 14-year legal case. The US State Department criticized Assange for endangering lives, including diplomats and allies, by releasing unredacted classified documents. They also accused him of acting as a conduit for Russian intelligence during the US presidential elections. Assange was welcomed in Canberra by supporters and family. His plea deal was formalized on the Northern Mariana Islands to facilitate his travel back to Australia.
Ram Mandir's roof started leaking after heavy rainfall in Ayodhya, alleges head priest
Head priest Acharya Satyendra Das reported that the Ram Mandir in Ayodhya faced leakage issues after heavy rainfall, with no proper drainage system in place.
Major land scam unearthed in Jammu; 5 FIRs registered
The Anti-Corruption Bureau (ACB) in Jammu has discovered a major scam involving over 28 acres of land usurped by the land mafia in connivance with officials. Five FIRs have been registered against the accused, including government officials, and raids are underway at the premises of 16 people involved in the scam. The land mafia allegedly deputed Pakistan-occupied Kashmir (PoK) refugees, who were allotted some of the land in 1955-56 for their settlement.
RBI Dy Guv urges ARCs to adopt regulation plus approach
The Reserve Bank of India (RBI) has criticized asset reconstruction companies (ARCs) for their use of distressed assets and innovative structures to circumvent regulations. The DG, J Swaminathan, emphasized that ARCs' performance is less than optimal and that they are often used as conduits to evergreen distressed assets. The RBI is concerned about ARCs striking deals with defaulting promoters, giving them a back-door entry.
RBI bars Edelweiss ARC from acquiring assets, cites supervisory concerns
The Reserve Bank of India (RBI) banned Edelweiss Asset Reconstruction Company Limited (EARCL) from acquiring financial assets due to concerns observed during a supervisory examination. RBI cited actions by group entities, including structured transactions, allegedly circumventing regulations. EARCL was directed to cease acquiring financial assets and reorganizing existing security receipts.
CBI arrests conduit in J&K arms licence scandal
It is alleged that Grover was involved in various financial transactions with other co-accused persons including public servants. Grover was arrested today and remanded to ten days police custody. CBI last December had registered a case on the consent of J&K government and the Centre and taken over the investigation from the State Police.
DHFL used bizman Sudhakar Shetty as conduit to siphon off Rs 3,000 crore
The brothers, who are being probed separately by the Serious Fraud Investigation Office and the Enforcement Directorate (ED), had used several conduits to float a maze of shell companies though which the money was channelled out.
Kashmiri youth visiting Pakistan used as terror conduits: Government agency
Kashmiri youth, who are either studying in Punjab or involved in some business there, are being encouraged to visit Pak on valid visa documents, said a report.
India will play an important role with delivery, says Conduent India CEO Lokesh Prasad
"Geography-based strategy is our primary goal. There was no geography strategy before now we have created one in which India will play a very important role for all sorts of delivery,” Conduent CEO said.
India-North Korea ties could act as conduit for communications: Rex Tillerson
India had informed the US that it has "minimal" trade with North Korea, and that there was a small Indian embassy in Pyongyang which should stay there so that some channels of communication remain open.
Maharashtra nod for water supply from dams using closed pipelines
This close-conduit system will help reduce leakage, theft, evaporation and loss of water, ensuring more water is available, especially for farmers.
US slaps sanctions against LeT leader, its financial conduit
Iqbal and Asma Money Exchangers are being designated for providing financial, material, or technological support to, or financial or other services to or in support of LeT.
US slaps sanctions against LeT leader, its financial conduit
The US today slapped sanctions against a Lashkar-e-Taiba (LeT) leader and a financial conduit of the Pakistan-based terrorist group.
Naxal conduit opposing Rowghat rail line project arrested
"Gavde confessed that had been doing liaisons with some leaders of Congress for getting the party ticket to contest Vidhan Sabha election," SP said.
Siliguri corridor is now conduit for live animal smuggling
After items like antiques, narcotics, sandalwood or animal body parts, now it is the turn of live animals like snakes.
Railway bribery case: alleged conduit gets bail
A Delhi court today granted bail to one of the alleged middlemen in the Rs 10-crore Railway bribery case while reserving its order on the bail plea of Vijay Singla.
Siliguri becomes major underground international antique trade conduit
While Sikkim, Tibet, Bangladesh or eastern India are in the supply side, wide Western world market via Nepal are there in the receiving side.
Dead ships conduit of hawala money in ship-breaking business in Alang
Dead ships in Indian waters are not just an environmental hazard but a security threat as well, security agencies have informed the government.
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