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SBI to initially invest INR 2,450 crore in Yes Bank for 49% stake: Chairman Rajnish Kumar

As a part of the RBI-backed rescue plan of Yes Bank, Chairman of SBI Rajnish Kumar has said that it will initially invest INR 2,450 crore for a 49% stake in Yes Bank. He further added that SBI is willing to invest as much as INR 10,000 crores over time in the bank. Kumar also told the reporters that the rescue of Yes Bank a "must," two days after the Reserve Bank of India (RBI) took control of the bank and said it would work on a revival plan. Src: https://bit.ly/3cD1ZVB

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5 votes

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9 votes

Haryana Govt amended law, says Sex with minor wife is rape

Recently the Haryana Assembly has recently passed a Bill called Prohibition of Child Marriage (Haryana Amendment Bill, 2020). According to which any marital relationship between a man and a girl aged between 15 and 18 years shall be void and it will make any sexual intercourse an offence defined as rape under the POCSO Act. It was passed unanimously by the House. Earlier than 2 years, Karnataka state had levied similar law. Src: https://bit.ly/39nTueN

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Man talks in a woman’s voice; cons 350 people

A 27-year-old man identified as Vallal Rajkumar Reegan has extorted money from as many as 350 men using his ability to speak in a woman's voice to lure men into sex chats and extorted money from them. As per the media reports, the man had been targeting men since 2017. Reegan's modus operandi came to light when a victim identified as P Udhayaraj contacted the Mylapore police and claimed that he had been conned by a woman who is asking for money. Src: https://bit.ly/2HSlHP2

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23 votes

Centre attempting to promote privatisation through disinvestment of LIC: Shiv Sena

Shiv Sena, through its mouthpiece Saamana, said that an attempt is being made to promote privatisation by announcing the sale of govt share in LIC and IDBI Bank. It further said that now a company like LIC, which is related to the life and death of the general public, has become a burden too. If the privatisation by the govt continues at a rapid pace, then the govt is accused of conspiring to raise private interest in the qualified govt firms. Earlier on February 1, Nirmala Sitharaman, during her budget speech in Lok Sabha, announced the govt's plan to sell a part of its holding LIC by way of Initial Public Officer. Src: https://bit.ly/36Tq5Y6

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