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New Delhi | Updated: March 2, 2018 7:48:06 AM

In a bid to tighten noose around fugitives like diamond merchant Nirav Modi and Vijay Mallya, the Cabinet has approved the Fugitive Economic Offenders Bill that provides for confiscating all assets of absconding fraudsters and loan defaulters to recover dues.

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Chief Secretary row: AAP MLA questioned for 2 hrs, party accuses police of acting in ‘partisan manner’

The Delhi Police have questioned AAP MLA Rajesh Rishi for two hours in connection with the alleged assault on Chief Secretary Anshu Prakash, even as the party accused the force of acting in a “partisan manner” and not taking any action on the alleged attack on AAP minister Imran Hussain. Two Aam Aadmi Party (AAP) MLAs — Nitin Tyagi and Rajesh Rishi — were today summoned by the police for questioning at Civil Lines Police Station by 4 pm. While Tyagi, the Laxmi Nagar MLA, excused himself saying he was in Kolkata and sought a week’s time to appear for questioning, Rishi had failed to reach the Civil Lines Police Station by the stipulated time citing illness, the police said.

Nirav Modi PNB fraud case: CBI recover documents related to LoU from ‘chawl’; arrests another executive

The CBI has arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from ‘chawl’ as it continued its searches in connection with the USD 2 billion fraud. Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said. Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them.

Cabinet approves law to impound properties of Nirav Modi-type cases

In a bid to tighten noose around fugitives like diamond merchant Nirav Modi and Vijay Mallya, the Cabinet has approved the Fugitive Economic Offenders Bill that provides for confiscating all assets of absconding fraudsters and loan defaulters to recover dues. The Union chaired by Prime Minister Narendra Modi also approved setting up of a National Financial Reporting Authority (NFRA) as an independent regulator for the auditors. The proposed fugitive law aims to impound and sell assets of Nirav Modi-type escapees with a view to quickly recover dues.

China plans to build nuclear aircraft carrier

China plans to build its first nuclear-powered aircraft carrier and submarines as part of the PLA Navy’s transformation as a major blue-water force, the state-owned defence company said, amid growing Chinese assertiveness in the strategic Indo-Pacific region. China commissioned its first-ever aircraft carrier, Liaoning, a refurbished Soviet ship it bought from Ukraine, in 2012. Its second carrier and the first domestically built carrier, known as Type 001A, was launched in April last year. A third aircraft carrier, Type 002, is said to be under construction at the Shanghai Jiangnan Shipyard Group, although it has yet to be officially confirmed by authorities.

Scrap cattle slaughter rules to help dairy farmers

Though prime minister Narendra Modi has made the occasional statement condemning self-styled gaurakshaks vigilantes, who have killed people alleged to be killing cows and has called them criminals, he has, so far, not done anything about the main problem. Slaughter of cows is, in any case, prohibited in most states in the country, but the government made things far worse with its Prevention of Cruelty to Animals (Regulation of Livestock Market) Rules of 2017.

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