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Vijay Mallya arrested in London in money laundering case, let out on bail immediately

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Vijay Mallya

[vc_row][vc_column][vc_column_text]This was the UB group chairman’s second arrest in the UK since he fled India, he was earlier arrested in April this year but got out on bail immediately

Liquor baron Vijay Mallya was arrested in London, on Tuesday, for his alleged role in a money laundering case in which Indian investigative agencies are trying to secure his extradition. The arrest was confirmed by the United Kingdom’s Crown Prosecution Service. However, the controversial business tycoon was immediately let out on bail – the second time he secured his release after an arrest in London ever since he fled India.

The UB Group chairman, wanted by Indian authorities for defaulting on repayment of loans worth a staggering Rs 9000 crore and on several counts of money laundering charges, was earlier arrested in April this year but like, on Tuesday, had managed to secure immediate bail as per the UK law.

Mallya had fled to Britain in March 2016 after being pursued for recovery of Rs 9,091 crore owed to a State Bank of India-led consortium of 17 Indian banks, by his now defunct Kingfisher Airlines. The Indian authorities have been trying to secure his extradition ever since.

The Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) have filed two separate charge-sheets in the UK over Mallya’s alleged money laundering. Mallya’s April arrest was in connection with the CBI charge-sheet while Tuesday’s arrest was in connection with the ED’s application. The ED had submitted fresh evidence to the UK court in the IDBI Bank loan case, after the CBI and ED found out that Mallya had diverted a major chunk of Rs 6,027 crore loan, taken from the SBI-led consortium of banks, to several countries including the US, UK, France and Ireland.

More charges are expected to be added at Westminster Magistrates’ Court against Mallya, the Crown Prosecution Service has said.

The 61-year-old ‘King of Good Times’, known so for his flamboyant lifestyle, told the UK court on Tuesday what he has been maintaining all along over the charges leveled against him the by the Indian authorities, that he had “done nothing wrong” and the allegations against him were “fabricated”.

The news of Mallya’s arrest and his subsequent success, once again, in securing his release and evading the Indian authorities drew a lot of traction from Twitter users, with many mocking at the system that allowed the high-flying, unapologetic defaulter to roam about freely in London.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_raw_html]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[/vc_raw_html][vc_raw_html]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[/vc_raw_html][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]

India News

China gives nod to build world’s largest dam on Brahmaputra close to Indian border

The investment in this dam could surpass one trillion yuan (approximately $137 billion), significantly overshadowing all other single infrastructure projects, including China’s own Three Gorges Dam, which is currently recognized as the largest in the world.

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China has given its nod to construct the world’s largest dam, termed the most significant infrastructure project globally, with an estimated cost of $137 billion, located on the Brahmaputra River in Tibet near the Indian border, raising alarms for neighboring countries, particularly India and Bangladesh.

The Chinese government announced its decision to develop a hydropower project in the lower reaches of the Yarlung Zangbo River, which is the Tibetan nomenclature for the Brahmaputra.

The dam will be sited at a substantial gorge in the Himalayan region where the Brahmaputra river makes a notable U-turn, flowing into Arunachal Pradesh before reaching Bangladesh.

The investment in this dam could surpass one trillion yuan (approximately $137 billion), significantly overshadowing all other single infrastructure projects, including China’s own Three Gorges Dam, which is currently recognized as the largest in the world.

China had previously operationalised the $1.5 billion Zam Hydropower Station, the largest in Tibet, back in 2015. This Brahmaputra dam project forms part of the 14th Five-Year Plan (2021-2025) and is aligned with broader National Economic and Social Development goals and Long-Range Objectives set out through 2035, as established by the Communist Party of China’s key policy-making body in 2020.

Concerns have been raised in India, as the dam would allow China not only to manage water flow but also potentially to release significant water volumes, which could inundate border areas during hostilities. In parallel, India is also pursuing the construction of a dam on the Brahmaputra in Arunachal Pradesh.

In 2006, India and China instituted the Expert Level Mechanism (ELM) to address various matters related to trans-border rivers, which involves China providing hydrological data regarding the Brahmaputra and the Sutlej rivers during the monsoon seasons.

Discussions on data sharing related to trans-border rivers were highlighted in recent talks between the Special Representatives for border issues in India and China, NSA Ajit Doval, and Chinese Foreign Minister Wang Yi, which took place on December 18.

The proposed Brahmaputra Dam presents substantial engineering hurdles, situated along a tectonic plate boundary known for seismic activity. The Tibetan Plateau, often referred to as the “roof of the world,” is susceptible to earthquakes because of its location over tectonic plates.

An official statement released on Wednesday attempted to alleviate fears concerning seismic risks, asserting that the hydropower project is designed to be safe and emphasizes ecological protection.

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India News

SBI PO recruitment 2024: 600 probationary officer posts announced

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The State Bank of India (SBI) has released its official notification for the recruitment of Probationary Officers (PO) for 2024. The recruitment drive aims to fill 600 vacancies, including 586 regular positions and 14 backlog positions. Interested candidates can apply online through the official website, sbi.co.in, starting December 27, 2024.

This recruitment drive aims to fill 600 Probationary Officer (PO) positions, offering a great opportunity for aspirants looking to build a career in banking with one of India’s most prestigious financial institutions. The SBI PO posts will be filled through a rigorous three-phase selection process, including preliminary exams, main exams, and a final interview.

Candidates must meet the eligibility criteria, including a graduation degree and age requirements, to apply for the posts. The application process will be conducted online, with important dates for registration, examination, and document submission clearly outlined. Interested candidates are encouraged to check the official SBI website for detailed instructions and begin preparing for the upcoming selection rounds.

Key Dates

  • Application Start Date: December 27, 2024
  • Application Deadline: January 16, 2024
  • Preliminary Exam Call Letters Available: 3rd or 4th week of February 2025
  • Phase-I Preliminary Examination: March 8 and 15, 2025

Eligibility Criteria

  • Educational Qualification: A graduate degree in any discipline from a recognized university or equivalent. Final-year students can apply provisionally, provided they present proof of graduation by April 30, 2025.
  • Age Limit: Applicants must be between 21 and 30 years old as of April 1, 2024 (born between April 2, 1994, and April 1, 2003, inclusive).

Selection Process

The selection process involves three phases:

  1. Phase I: Preliminary Examination
    • An online objective test carrying 100 marks.
  2. Phase II: Main Examination
    • Conducted online, it includes an objective test for 200 marks and a descriptive test for 50 marks.
  3. Phase III: Psychometric Test, Group Exercise, and Personal Interview
    • A psychometric test will profile candidates’ personalities. Shortlisted candidates will participate in group exercises and interviews.

Application Fee

  • Rs. 750/- for Unreserved, EWS, and OBC candidates.
  • No fee for SC, ST, and PwBD candidates.

How to Apply?

Candidates must visit the official website, register, and complete the application process by the deadline. The call letters for the preliminary examination will be available in February 2025.

This recruitment provides an excellent opportunity for aspiring candidates to join one of India’s premier banking institutions. Applicants are advised to carefully review the eligibility and selection criteria before applying.

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India News

Instagram influencer and RJ Simran Singh found dead in Gurugram

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Simran Singh, popular Instagram influencer and radio jockey, found dead in Gurugram apartment

Simran Singh, a well-known freelance radio jockey and social media influencer from Jammu and Kashmir, was found dead in her apartment in Gurugram’s Sector 47. Authorities suspect suicide as the cause of death.

The 25-year-old, known by her fans as RJ Simran, had a significant following on Instagram, amassing nearly seven lakh followers. Her last post, shared on December 13, featured a reel captioned, “Just a girl with endless giggles and her gown, taking over the beach.”

Simran, often referred to as “Jammu Ki Dhadkan” (Heartbeat of Jammu), was a beloved personality in her hometown and beyond. Her vibrant presence and engaging content had endeared her to fans across the country.

According to police reports, Simran’s friend, who was staying with her, alerted authorities. Following standard procedures, her body has been handed over to her family.

The news of her untimely death has left her fans and followers in shock. Many have taken to social media to express their grief and pay tribute to the young influencer.

Investigations are underway to determine the circumstances leading to her death.

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