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Vaishno Devi Yatra resumes after being stopped due to flash floods

Vaishno Devi Yatra, which was stopped after heavy rains in Jammu and Kashmir, has been resumed now.

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Vaishno Devi Yatra

Vaishno Devi Yatra, which was stopped after heavy rains in Jammu and Kashmir, has been resumed. The batch of devotees has left again for Vaishno Devi Yatra from Katra. The officials gave this information on Saturday morning, August 20, 2022.

Mata Vaishno Devi Yatra suspended after heavy rainfall and flash flood

Officials said that the movement of pilgrims has resumed in the Vaishno Devi temple. This decision has been taken due to the good weather. Earlier, pilgrims going to Vaishno Devi temple were temporarily stopped due to heavy rains. The pilgrimage has been resumed as soon as the situation returns to normal after the rains have stopped.

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According to the Shri Mata Vaishno Devi Shrine Board, the movement of pilgrims to Mata Vaishno Devi has been resumed on Saturday. In view of the heavy rains, pilgrims going from Katra to Vaishno Devi temple have been stopped from going uphill, whereas priority will be also given to the pilgrims who are coming downstairs. The police and the Central Reserve Police Force (CRPF) have been deployed and the situation is being monitored to avoid any mishappening.

Late Friday night, Mata Vaishno Devi Shrine Board said that no untoward incident was reported due to heavy rains and landslides. Every day lakhs of devotees visit Mata Vaishno Devi. Earlier in July, the yatra was halted due to a cloudburst in the holy cave area of ​​Amarnath. The Amarnath pilgrimage to the 3880 m high cave temple of Lord Shiva takes place through the routes of Pahalgam and Baltal.

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SBI has given Rs 21,000 crore loan to Adani Group, nothing to worry about, says SBI Chairman

After the cancellation of the FPO by the Adani Group, the company’s shares recorded a decline on Thursday as well

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SBI has given Rs 21,000 crore loan to Adani Group, nothing to worry about, says SBI Chairman

India’s largest government bank State Bank of India (SBI) has given a loan of Rs 21,000 crore ($ 2.6 billion) to Adani Group firms. This amount is half of what the State Bank of India is allowed to lend under the rules. This has been revealed in a report that came on Thursday.

It has been said in the report that the money given by SBI to Adani also includes $ 200 million from its foreign units. SBI Chairman Dinesh Kumar Khara said on Thursday that Adani group companies affected by the turmoil are servicing loans and he does not see any immediate challenge to what the bank has lent so far. Bloomberg has shared this information citing a source.

On Thursday, SBI shares were trading almost flat at Rs 527.75 on the BSE. After a report by US-based firm Hindenburg, there was a tremendous loss of market capitalization to Adani Group companies. According to a report, Adani Group companies lost $100 billion in market capitalization in a week after Hindenburg’s report. In this report of Hindenburg, questions were raised on the financial functioning of Adani Group companies.

After this report came out, there has been a huge fall in the shares of Adani Group. However, the Gautam Adani-led Adani Group called these allegations baseless and misleading. He claimed that in this report an attempt has been made to mislead the public. Adani Group had also talked about taking this matter to the court.

RBI seeks reports from Public Sector Banks on loan to Adani Group companies

On Thursday the Reserve Bank of India has sought information from all the public sector banks on how much loan they have given to Adani Group companies. News agency Reuters has given this information.

According to a Reuters report, the information sought by the RBI includes the list of properties of the Adani Group which have been considered as collateral for the loan. Apart from this, a list of indirect risks of banks in Adani Group has also been sought.

SBI Chairman Dinesh Kumar Khara told Reuters last week that there was nothing to worry about the risks with the Adani Group. He had said that Adani Group has not taken any funds from the bank in the recent past.

An organisation named Societe Generale said on Wednesday that Adani Group has only 0.6 percent exposure to the Indian banking sector.

After the cancellation of the FPO by the Adani Group, the company’s shares recorded a decline on Thursday as well. After this, the market loss of this giant company has gone up to 100 billion dollars.

On Thursday, the stock of Adani Enterprises fell nearly 20 per cent, reaching its lowest level since March 2022. Other companies of this group were also seen under pressure. Adani Ports and Special Economic Zone were down 5 per cent each, while Adani Total Gas, Adani Green Energy and Adani Transmission were down 10 per cent each.

If we talk about Punjab National Bank, then the total exposure of this bank in Adani Group is Rs 7,000 crore.

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Children proud that Siddique Kappan is their father, says Kappan’s wife after his release

Siddique Kappan, a journalist from Kerala, said – he struggled – minutes after leaving jail on Thursday in front of media teams, a small crowd of onlookers, and his wife and teenage son who had been waiting patiently for more than two years since he was arrested while travelling to Hathras.

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journalist Siddique Kappan with his family

Siddique Kappan, a journalist from Kerala, said – he struggled – minutes after leaving jail on Thursday in front of media teams, a small crowd of onlookers, and his wife and teenage son who had been waiting patiently for more than two years since he was arrested while travelling to Hathras.

Both the relief and the sorrow were clearly visible on their faces. In October 2020, Kappan and three other people were detained as they travelled to the Uttar Pradesh town where a Dalit woman allegedly died from rape. They were charged with attempting to incite violence in response to the woman from Hathras’s passing.

Kappan told PTI that he would be Delhi as his stay there must last for atl least six weeks.

He laughed when asked how life had been in prison and replied that he struggled more. His mother passed away during his two-and-a-half years in prison.

Kadijah was his mother’s name. She misses seeing Kappan return home, said Raihana, the wife of Kappan.

The Supremen Court granted Kappan bail and his innocence was established. A period of two-and-a-half years was not brief, said Raihana while talking to PTI. She also said that the family underwent through a great deal of misery but she was glad as justice was finally done, even if delayed.

I reiterate that Kappan is a media person, Raihana emphasised.

The couple has three children- Muzammil (19), Zidhan (14) and Mehnaz (9).

Our children were waiting him home. Their joy was snatched away. Can they ever forget their father? They are pleased to acknowledge the journalist Siddique Kappan as their father. Their oldest, son, Muzammil, who was also waiting outside with his mother, reaffirmed that his father was a journalist.

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He asked that what has caused his father’s excruciating pain for the past 2.5 years? He also said that they were currently anticipating his release and were overjoyed. He appreciated those who were waiting for Kappan’s release with them.

According to Kappan’s attorney Mohamed Dhanish KS, the journalist had been detained in the district jails of Mathura and Lucknow but had been released twice, once when he contracted Covid and was admitted to AIIMS, Delhi, and again to visit his ailing mother.

Police prosecuted Kappan under the Unlawful Activities (Prevention) Act and various sections of the Indian Penal Code on the basis of allegations that he had ties to the now-banned Popular Front of India (PFI).

The Supreme Court granted him bail in connection with the case in September of last year. After Kappan was released from an Uttar Pradesh prison, a bench under the leadership of the then-chief justice Uday Umesh Lalit ordered him to stay in Delhi for six weeks.

He remained prisoned, though, as a result of a money laundering case brought by the Enforcement Directorate.

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Form JPC to probe Adani case, investigation should be conducted under Supreme Court supervision, says Opposition

Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000 crore follow-up public offering (FPO) and return of investors’ money

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Joint Parliamentary Committee

The Congress and several other opposition parties on Thursday demanded a discussion on the Adani Enterprises case in both the Houses of Parliament and also urged that a Joint Parliamentary Committee (JPC) be set up to investigate the matter or under the supervision of the Supreme Court.

Leader of Opposition in Rajya Sabha and Congress President Mallikarjun Kharge told reporters after Lok Sabha and Rajya Sabha meetings were adjourned till 2 pm due to ruckus on various issues, including Adani and said that they want to ask why the government should give pressure to such companies in getting loan?

He further said that keeping in view the interests of the people and the investment of LIC, SBI, they are demanding a discussion. “Our demand is that it should be investigated by constituting a JPC or it should be investigated under the leadership of the Chief Justice of the Supreme Court. And people should be sure that their money is saved.” Earlier, the proceedings of both the Parliament were disrupted due to the uproar by the opposition parties on this subject.

Congress General Secretary Jairam Ramesh tweeted, “Both Houses of Parliament adjourned till 2 pm today as the government responds to the joint opposition’s demand to probe investments made under duress by LIC, SBI and other public institutions.” He claimed that the savings of crores of Indians are at risk today due to the fall in the value of such investments.

Read Also: Hindenburg effect: RBI seeks info from banks of exposure to Adani Group

Earlier, senior Congress leaders Jairam Ramesh, Trinamool Congress’ Sudip Bandopadhyay and Derek O’Brien, Aam Aadmi Party’s Sanjay Singh, DMK’s Kanimozhi, Samajwadi Party’s Ram Gopal Yadav, Shiv Sena ( Sanjay Raut of Uddhav Thackeray) and leaders of some other parties were present.

Opposition parties have raised the issue related to Adani Enterprises in both the Houses and demand a discussion on it. Kharge had given an adjournment notice under Rule 267 in the Rajya Sabha without directly mentioning Adani Enterprises. In the notice, it was demanded that the issue of investment of Life Insurance Corporation of India (LIC), public sector banks and financial institutions in companies that have lost capital in the market should be discussed. In the Lok Sabha, Congress MP Manickam Tagore also gave an adjournment notice and demanded a discussion on the issue of Adani Enterprises.

Congress MP Manish Tiwari tweeted that a Joint Parliamentary Committee (JPC) should be constituted on the Adani episode. Significantly, Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000 crore follow-up public offering (FPO) and return of investors’ money. However, the FPO of the company was fully subscribed on Tuesday. It is understood that Adani Enterprises has taken this step after the report of America’s short selling company Hindenburg. This business group had termed the report as baseless.

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