New Delhi has lodged a strong protest with Islamabad at the
unprovoked act of aggression, including violation of air space by the
Pakistan Air Force and targeting of Indian military posts.
The External Affairs Ministry, said in a statement, yesterday that
the Acting High Commissioner of Pakistan was summoned and a strong protest
It said Pakistan's act was in contrast to India's non-military
anti-terror pre-emptive strike at a Jaish-e-Mohammed (JeM) camp at Balakot
in Khyber Pakhtunkhwa
It was conveyed that India reserves the right to take firm and
decisive action to protect its national security, sovereignty and
territorial integrity against any act of aggression or cross-border
India said it is unfortunate that Pakistan has acted with
aggression instead of fulfilling its international obligation and bilateral
commitment to take credible action against terrorist entities and
individuals operating from its soil. India demanded that Pakistan take
immediate and verifiable action against terrorism.'
New Delhi also demanded immediate and safe return of an Indian Air
Force pilot who is in the custody of Pakistan following an aerial engagement
by air forces of the two countries. It has been made clear to Pakistan that
no harm comes to the Indian defence personnel.
Earlier, India foiled Pakistan's attempt to target its military
installations and shot down one Pakistan Air Force fighter aircraft.
Briefing media in New Delhi, External Affairs Ministry spokesperson Raveesh
Kumar said, after India's air strikes in Balakot, Pakistan responded this
morning by using its Air Force but due to India's high state of readiness
and ness, the attempts were foiled successfully.
International digital health symposium inaugurated
Smt. AnupriyaPatel inaugurated the exhibition on Digital Health as
part of the Symposium, where participant countries along with various
Government Ministries, states and other stakeholders showcased key
innovations, implementation experiences and innovative Digital Health
The Digital Health Symposium follows the two-day Global Digital
Health Partnership (GDHP) summit and allows wide engagement with innovators,
clinical leaders, academia, researchers, healthcare establishments,
government representatives, international and national technical experts,
entrepreneurs and the research community.
SmtAnupriya Patel further stated that the Government’s policies
have essentially included the affordability, accessibility and availability
of healthcare services to all citizens as an action item.
“We have successfully been able to provide healthcare to each
citizen through various interventions. It is here we are leveraging digital
health interventions to maximize impact,” she added.
Dr. V K Paul, Member, NITI Aayog said that India is ready to take
the big leap in digital health. “India shall soon be unveiling the India’s
National Health stack and is focused on creating digital revolution
encompassing national nutrition mission, telemedicine and other
interventions with focus on aspirational districts.
The Symposium provided a forum to learn from key global leaders in
the field of digital health and innovation. This was an opportunity for
countries to showcase key innovations and share experiences of implementing
digital health interventions for health systems strengthening and Universal
New RBI pay norms to bring in more accountability among private banks
The norms proposed by the RBI for compensation of chief executives
and board members of private sector banks has been viewed as an effort to
improve transparency and accountability of the banking system.
In a discussion paper, RBI had proposed that 50% of the
compensation should be variable and that employee stock options (ESOPs)
should be a part of the variable pay. The new norms propose variable pay to
be capped at 200% of fixed pay, compared with the 70% now. Also, ESOPs are
not a part of variable pay now.
RBI had also proposed that if there is divergence in a bank’s
asset classification or provisioning from the central bank’s norms that
exceeds the prescribed threshold for public disclosure, the lender shall not
pay the unvested portion of the variable compensation for the assessment
There have been instances wherein some banks had reported
significant divergence in disclosing bad loans and provisioning.
Welcoming the proposed norms, bankers said these were part of a
global trend where the banking regulator was imposing stringent norms for
compensation of chief executives.
“This makes the chief executives more accountable,” said the
senior executive of a private bank. “It is part of a global trend. They have
made the norms more specific,” said Rajiv Lall, non-executive chairman, IDFC
SEBI to bring in norms to amend corporate debt restructuring procedures
Regulator SEBI plans to put in place a stricter framework for
providing exemption from open offer requirements with respect to corporate
debt restructuring activities, a senior official said.
The markets watchdog has proposed that relaxation might not be
given to entities other than lenders in certain conditions, as well as do
away with the reference to ‘competent authority’ in the context of
exemptions provided under its takeover regulations.
The proposals are expected to be taken up by the SEBI board at its
meeting scheduled to be held on March 1, the official said.
Under SEBI norms, an entity has to make an open offer in case its
shareholding goes beyond a certain threshold. The open offer exemptions
under Issue of Capital and Disclosure Requirements (ICDR) regulations as
well as under takeover norms could be continued for allotment of shares to
lenders pursuant to debt conversion in accordance with RBI norms, the
Another proposal is that the open offer exemption might not be
made available to persons (other than lenders), the official added.
Since the reference of ‘competent authority’ has not been defined,
the watchdog is planning to delete it with respect to open offer exemption
under takeover regulations.
More international communities rope in to act against terror
In a significant gain for India in its push to isolate Pakistan
internationally on the issue of terrorism post-Pulwama attack, China and
Russia on Wednesday agreed for a closer policy coordination to eradicate the
breeding grounds of terrorism.
Their commitment came at the conclusion of the Russia, India and
China Foreign Ministers' meeting at Wuzhen in the east Chinese city.In a
joint communique, the three nations said, extremist groups cannot be
supported and used in political and geopolitical goals.
They said, those backing terrorist acts must be held accountable
and brought to justice. The three nations strongly condemned terrorism in
all its forms and manifestations.
The United States has again asked Pakistan to abide by its UN
Security Council commitments to deny terrorists safe haven and block their
access to funds. A State Department spokesperson told reporters in
Washington that cross-border terrorism, such as the recent Pulwama attack,
poses a grave threat to the security of the region.
The statement came after New Delhi handed over to Islamabad a
dossier on specific details of involvement of Jaish-e-Mohammed in the
Pulwama attack and also the presence of camps of the UN-proscribed terror
outfit in that country.
Muhammadubuhari re-elected as Nigerian President
MuhammaduBuhari was on Wednesday re-elected Nigeria’s President
after a delayed poll that angered voters and raised political temperatures,
but the Opposition immediately vowed to challenge the “sham” result in
It was the second victory at the ballot box for Mr.Buhari, a
one-time military ruler who was first elected in 2015 to lead Africa’s
most-populous nation and top oil producer.
With ballots counted in all of Nigeria’s 36 States and the Federal
Capital Territory (FCT), Mr.Buhari triumphed with some 15.2 million votes
over his nearest rival AtikuAbubakar, who trailed by nearly four million
However, Mr.Abubakar rejected the result of the vote, which has
been marred by claims of rigging and corruption.
“I hereby reject the result of the February 23, 2019 sham election
and will be challenging it in court.”A total of 72.7 million people were
eligible to vote in the presidential poll as well as parliamentary elections
held at the same time.
Low voter turnout at 35% across the country was blamed on a
combination of voter apathy because of the delay, organisational and
logistical problems, as well as unrest.
::SCIENCE & TECHNOLOGY::
Workshop on Heat wave begins in Nagpur
National Disaster Management Authority (NDMA) in collaboration
with the Government of Maharashtra is conducting a two-day national workshop
on Preparedness, Mitigation and Management of Heat Wave in Nagpur beginning
The workshop aims to sensitising States to the need of preparing
and implementing specific Heat Action Plans in line with NDMA’s national
guidelines on Heat Wave. It will also discuss emerging issues for the summer
season this year and the way forward.
Climate change is driving temperatures higher as well as
increasing the frequency and severity of heat waves. A recent report by the
Inter-governmental Panel on Climate Change (IPCC) shows that in the Indian
subcontinent, global warming impacts have come sooner and hit harder than
The first technical session aptly focused on Climate Change and
Heat wave Risk Reduction.It discussed the roadmap for India’s Heat Wave
Management planning in the broader global context of achieving the
Sustainable Development Goals (SDGs).
The India Meteorological Department (IMD) has indicated the
probability of above-normal summer temperatures this year. As the
temperatures will tend to rise, leading to stronger and longer heat waves,
it will pay to be prepared.
Also, timely and accurate warnings and their dissemination to
vulnerable populations will ensure effective mitigation of heat related
risks. These issues were discussed during the session on Early warning,
Forecasting and Preparedness.
Saurabhchaudhary and Manu Bhaker wins gold in ISSF
In shooting, the duo of SaurabhChaudhary and Manu Bhaker claimed a
gold medal for India in 10-metre air pistol mixed team event at the ISSF
World Cup in New Delhi on the last day of the competition on Wednesday.
They shot a total of 483.5 points to finish on top of the podium
at the Dr Karni Singh Shooting Range.Saurabh and Manu had entered the final
after equalling the qualification world record.
India jointly topped the standings with Hungary in the ISSF World
Cup claiming three gold medals, but managed to secure only one Olympic
quota. The tournament offered 14 quota places for the 2020 Tokyo Games.