India to amplify voice of Global South in G20: Modi

Agency News: New Delhi

Prime Minister Narendra Modi on Thursday while referring to India’s G20 Presidency said its aim is to amplify the voice of the Global South. “As India begins its G20 Presidency this year, it is natural that our aim is to amplify the voice of the Global South. Your voice is India’s voice. Your priorities are India’s priorities. We believe the path to realising ‘oneness’ is through humancentric development,” Modi said addressing the inaugural session of “Voice of Global South Summit” virtually. He said people of Global South should no longer be excluded from the fruits of development. “Together we must attempt to redesign global political and financial governance. This can re move inequities, enlarge opportunities, support growth and spread progress and prosperity,” Modi said as he emphasised that Global South have the largest stakes in the future. He added, “Three fourths of humanity lives in our countries. We should also have equivalent voice. Hence, as the eight-decade old model of global governance slowly changes, we should try to shape the emerging order.” Citing that India has always shared its developmental

Kartik Aaryan seen at Stardust 50th Anniversary Honours.

Police in Visakhapatnam have arrested three persons for allegedly vandalising Vande Bharat express train which is scheduled to be virtually flagged off by Prime Minister Narendra Modi on Sunday. Unidentified miscreants on Wednesday night pelted stones at one of the coaches of the brand new high-speed train, breaking the windows. The police on Thursday made a breakthrough in the case and arrested.

Fresh case of loan fraud of Rs 1,688 cr against ABG Shipyard owner Rishi Agarwal, others

Agency News: New Delhi

The Central Bureau of Investigation (CBI) has lodged a fresh loan fraud case of Rs 1688 crore against ABG Shipyard owner Rishi Kamlesh Agarwal and others. The CBI had last year booked Agarwal for a loan fraud of Rs 22000 crore which was said to be the biggest bank loan fraud. A senior CBI official said that a written complaint was received from Karambir Singh, Chief Manager, Punjab National Bank (PNB) Mumbai on behalf of other banks (e-OBC, UCO Bank, Bank of India, Bank of Baroda (e-Dena Bank) and e-United Bank of India) against Vadraj Cement Ltd, Rishi Kamlesh Agarwal (Promoter-

Director), Krishna Gopal Toshniwal (Director), Vijay Prakash Sharma (Professional Director) and others for causing wrongful loss of Rs 1107.62 crore to the consortium of lending banks led by the PNB. The PNB received a letter of consent from the Central Bank of India (part of the consortium) for fraud committed by the said company to the tune of Rs 580.79 crore. “The total amount of fraud and wrongful loss committed by the company towards the consortium of lending banks comes to the tune of Rs 1688.41 crore. After receiving the complaint we lodged a case under sections 120-8, 420 IPC and 13(2) read with 13(1)(d) of PC Act against the accused,” said the official.