LUDHIANA: Raids were conducted by officials of the Income Tax and Enforcement Wing at the warehouse of National Spot Exchange Limited (NSEL) at Seera village, a company dealing in commodity trading, on Thursday. Raids were also carried out at their godowns in Panchkula and Ahmedabad as well.
The raids followed complaints against NSEL regarding actual buying of the stock as compared to the commodity trading on record. The Ludhiana godown had raw wool. Officials, however, did not reveal the outcome of the raids.
PU ranked among top 14 varsities in India, to receive Rs 34.8-cr grant
CHANDIGARH: In a major boost to research and development, the Panjab University (PU) has been selected among 14 top universities in the country for quality research and publication of high-quality research papers. PU will now receive a grant of Rs 34.8 crores for research and development for the period 2014 to 2018 by the Department of Science and Technology, Government of India. Union Secretary, Department of Science and Technology, Dr T Ramasami, informed the PU vice-chancellor, Professor Arun Kumar Grover, about the development. Ramasami also congratulated the Grover and the university for its improved research and development performance. The university spokesperson informed that PU had been ranked among the top three universities in the coveted list of 14 top Indian universities selected under the programme.
2,000 sedative pills recovered
LUDHIANA: The railway police recovered 2,000 sedative pills from one Davinder Singh of Amritsar at the railway station on Thursday. “We found pills during an inspection at railway station. We have arrested the accused. A case has been registered under sections 22, 61 and 85 of the NDPS Act,” said SHO Baldev Singh.