Highlights of the day: ED files fresh charge sheet in Mahadev app case, names 25 accused

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9:49 PM

Yellen says inflation down but more work needed to reduce US living costs

US Treasury Secretary Janet Yellen said on Tuesday that Americans are generally better off because wage increases are now outpacing price increases, but the Biden administration has more work to do to lower living costs.
 

Yellen told a hearing of the U.S. House of Representatives Ways and Means Committee that inflation has come down considerably, but that prices are higher for many goods than before the COVID-19 pandemic, and this is affecting many Americans.

9:34 PM

ED files fresh charge sheet in Mahadev app case, names 25 accused

The Enforcement Directorate on Tuesday filed a fresh charge sheet in the Mahadev betting app-linked money laundering case, in which various high-ranking politicians and bureaucrats from Chhattisgarh are alleged to have been involved.

 

A total of 25 individuals and entities have been named as accused in the third prosecution complaint filed in this case before a special Prevention of Money Laundering Act (PMLA) court, ED lawyer Saurabh Pandey said.

9:08 PM

State Bank of Pakistan receives USD 1.1 billion funding from IMF

The State Bank of Pakistan (SBP) has received around USD 1.1 billion from the International Monetary Fund (IMF), a day after the global lender approved the last tranche of Pakistan under the USD 3 billion Stand-By Arrangement (SBA), reported Geo News. The IMF's executive board has given the green light for a USD 1.1billion loan tranche for Pakistan, signaling the conclusion of the second bailout package. Pakistan stated on Tuesday that the amount would be reflected in theSBP's foreign exchange reserves for the week ending on May 3.

7:59 PM

Jharkhand severe heatwave, Baharagora records 47.1 degress Celsius

Severe heatwave conditions gripped parts of Jharkhand on Tuesday with Baharagora in East Singhbhum district recording a maximum temperature of 47.1 degrees Celsius. The weather department issued an 'Orange Alert' for severe heatwave in 11 Jharkhand districts for Wednesday as mercury may go up by two to three degrees Celsius above the existing, an official said.Amid the severe heatwave, two persons were found lying unconscious near the Dumka bus stand on Tuesday afternoon.Severe heatwave was observed at Sahibganj, Godda, Pakur, Dumka, Jamtara, Deoghar, Dhanbad, Bokaro, Seraikela-Kharswan, East and West Singhbhum on Tuesday. It may continue even on Wednesday, a weather official said.The highest maximum temperature was recorded at Baharagora in East Singhhum district at 47.1 degrees Celsius on Tuesday, while Jamshedpur town, Godda and Seraikela registered 45.5 degrees Celsius.

6:27 PM

Personal loans growth slows to 17.7% in March 2024; Vehicle loans and other PL show deceleration

Personal loans growth moderated to 17.7 per cent (Y-o-Y) in March 2024 (21 per cent a year ago) due to decelerated growth in vehicle loans and other personal loans.

5:54 PM

Sebi to amend MF rules; AMCs to have an institutional mechanism for deterrence of potential market abuse

Sebi to provide flexibility to venture capital funds to deal with unliquidated investment: Statement.

5:03 PM

Israeli PM Netanyahu vows to invade Rafah 'with or without a deal'

 

 

Israeli Prime Minister Benjamin Netanyahu stated today that Israel will  launch an incursion into the southern Gaza city of Rafah, where hundreds of thousands of Palestinians are sheltering from the 7-month-long war. Netanyahu asserted Israel would enter Rafah to destroy Hamas' battalions there “with or without a deal."

4:56 PM

Uber ceases operations across Pakistan

Ride-hailing service Uber has ceased all operations in Pakistan after ending its services in some major cities in 2022, a spokesperson confirmed today. “Our subsidiary brand, Careem, will continue operations offering ride-hailing services across Pakistan,” the spokesperson said.

In 2019, Uber had acquired its rival Careem for $3.1 billion.

 Amidst stiff competition from local players,

4:53 PM

Excise policy case: AAP 's Manish Sisodia to approach Delhi HC against city court order rejecting bail

Former Delhi deputy Chief Minister Manish Sisodia will approach the Delhi High Court against a city court's Tuesday order, refusing bail to him in the excise policy case, AAP said today. In a statement, the party said that Sisodia's bail plea was rejected by the Rouse Avenue Court.

4:35 PM

Supreme Court question Enforcement Directorate arrest of CM Kejriwal, seeks response

The Supreme Court questioned the probe agency on the timing of Delhi Chief Minister Arvind Kejriwal's arrest ahead of the ongoing General Elections and sought its reply.

4:31 PM

Why before elections?: Supreme Court asks Enforcement Directorate on Arvind Kejriwal arrest

The Supreme Court was hearing Delhi Chief Minister Arvind Kejriwal's petition against his arrest by the officials of Enforcement Directorate (ED).

4:20 PM

Court dismisses Manish Sisodia's second bail plea in liquor policy case

The Rouse Avenue Court on Tuesday dismissed the second bail application moved by Delhi’s former Deputy Chief Minister Manish Sisodia in the cases registered by CBI and ED in connection with the investigation into the now scrapped Delhi excise policy.

4:11 PM

Chacha Nehru Hospital receives bomb threat email, later declared hoax

Police officials said that the bomb threat email that the Chacha Nehru Hospital in Shahdara received today morning has been declared a hoax. Bomb Detection Team, Bomb Disposal Squad, a team of Delhi Fire Service and local police were immediately sent to the children's hospital when a staff member received the email around 10:00 am, they said.

 

4:07 PM

Former Tamil Nadu minister Senthil Balaji's remand extended

A sessions court today extended former Tamil Nadu Minister V Senthil Balaji's remand till June 4. The DMK leader was arrested by the Enforcement Directorate on June 14, 2023 in a money laundering case. Principal Sessions Judge S Alli, before whom Senthil Balaji was produced by the prosecution through video-conferencing from the Central Puzhal Prison here, also extended his judicial custody till June 4.

 

3:48 PM

Jammu and Kashmir rain: 5 dead, several missing; schools, Jammu-Srinagar highway closed

Five people are dead and several missing after heavy rainfall lashed many parts of Jammu and Kashmir. The incessant rainfall has forced the Union territory administration to close schools across the Kashmir valley along with Reasi district as a precautionary measure, the officials said.