Thought text

Sri Lanka has imposed a nationwide state of emergency for the first time since the civil war era in response to days of violent unrest between Sinhalese and Muslim communities. The special measures permitting soldiers to be deployed in civilian areas will initially apply for 10 days at which point the deployment would need to be ratified by parliament said Mano Ganesan the Sri Lankan minister for co-existence. There were concerns that communal violence would spread Ganesan told the Guardian. We don t want to spread communal disharmony and hate speech. Arson attacks and riots have hit the central district of Kandy in recent days and there was similar violence in late February when mobs set fire to Muslim-owned businesses and a mosque in the east. The violence in Kandy is understood to have been sparked when a group of Muslim men in Digana town were accused of killing a man belonging to the majority Sinhala Buddhist community who make up about 75% of the population. Facebook Twitter P...

Panaji: Ailing Goa chief minister Manohar Parrikar left for the US on Tuesday night for further treatment from Mumbai where he was admitted at Lilavati Hospital. Parrikar left for the US for his further treatment by a special flight from Mumbai airport a senior official of the chief minister office told PTI. The chief minister left for the US in Air India flight at around 1.30 am. He is accompanied by a doctor and his elder son Utpal a senior official from CMO said. Parrikar was admitted at the Lilavati Hospital in Mumbai on 15 February and discharged on 22 February. On the same day he returned to Goa and presented the Budget in the Assembly but the session was truncated to only four days owing to his illness. He was later admitted to the Goa Medical College and Hospital after he suffered from dehydration. Before leaving for Mumbai on Tuesday Parrikar held a series of meetings including one with senior state ministers. Earlier in the day Goa BJP general secretary Sadanand Tanawade s...

NEW DELHI: Rotomac promoter Vikram Kothari took public sector banks for a ride between 2008 and 2013 by getting foreign letters of credit (FLCs) for making payments to his buyers and suppliers abroad who operated from virtual offices in places like Dubai Sharjah and Hong Kong. Banks hit by another multi- 000cr default-diversion - by RotomacThe Enforcement Directorate registered a money laundering case against Kothari and his family members while the income tax department seized their bank accounts on Monday. Rotomac Global Pvt Ltd engaged in intermediary trade and manufacturing pens routinely approached seven banks including Bank of Baroda s (BoB s) international business branch at The Mall Kanpur seeking credit ranging from Rs 15 crore to Rs 200 crore from 2008 to 2013 mostly for exports and imports. BoB alone was cheated of http://boinc.riojascience.com/view_profile.php?userid=295445 Rs 456 crore by Kothari. Instead of using the money to pay buyers/suppliers the money was round-t...

MUMBAI: Nirav Modi the kingpin behind the largest banking scam in the country s history has virtually wrung his arms in the air saying PNB s overzealousness has shut the doors on his ability to clear the dues which he claimed is much lower than the bank has gone public with. In a letter Modi wrote on February 15/16 to the PNB management a copy of which PTI has seen he pegged the amount his companies owes to the bank under Rs 5 000 crore. The erroneously cited liability resulted in a media frenzy which led to immediate search and seizure of operations and which in turn resulted in Firestar International and Firestar Diamond International effectively ceasing to be going-concerns. This thereby jeopardised our ability to discharge the dues of the group to the banks Modi who left the country along with his family in the first week of January wrote in the letter. In the anxiety to recover your dues immediately despite my offer (on February 13 a day before the public announcement and on 15...