Low pressure area likely over Bay of Bengal in next 24 hours

Low pressure area likely over Bay of Bengal in next 24 hours: IMD

by Argus News

NEWS HIGHLIGHTS

'A Low Pressure Area likely form over Equatorial Indian Ocean & adjoining Southwest Bay of Bengal during next 24 hours.'

Bhubaneswar, Mar 15: The India Meteorological Department (IMD) on Tuesday said that a low-pressure area is likely to form over the Equatorial Indian Ocean and adjoining Southwest Bay of Bengal during the next 24 hours.

“The cyclonic circulation over Equatorial Indian Ocean and adjoining Southeast Bay of Bengal now lies over Equatorial Indian Ocean & adjoining Southwest Bay of Bengal and extends up to mid-tropospheric level. Under its influence, a low-pressure area is likely to form over the same area during the next 24 hours,” the IMD said.

In a tweet, Bhubaneswar based Meteorological Centre said, “A Low Pressure Area likely form over Equatorial Indian Ocean & adjoining Southwest Bay of Bengal during next 24 hours.”

A Low Pressure Area likely form over Equatorial Indian Ocean & adjoining Southwest Bay of Bengal during next 24 hours. — Meteorological Centre, Bhubaneswar (@mcbbsr) March 15, 2022

However, the IMD was yet to make any forecast regarding chances of intensification of the system and formation of cyclonic storm. “As of now, no forecast about the probability of cyclone has been made by the agency,” IMD DG Mrutyunjay Mohapatra said.

RBI Fines SBI, Indian Bank For Breach Of Norms

by Pabitra Mohan Senapaty

Mumbai, Sep 25: The Reserve Bank of India (RBI) on Monday slapped fines on State Bank of India, Indian Bank, Punjab & Sind Bank, and Fedbank Financial Services for violating norms.

A penalty of Rs 1.3 crore was imposed on State Bank of India (SBI), Rs 1.62 crore on Indian Bank, Rs 1 crore on Punjab & Sind Bank, and Rs 8.80 lakh on Fedbank Financial Services, the RBI said in separate press statements.

The fine was imposed on SBI and Indian Bank as they sanctioned a term loan to a corporation in lieu of or to substitute budgetary resources envisaged for certain projects, without undertaking due diligence on the viability and bankability of the projects to ensure that revenue streams from the projects were sufficient to take care of the debt servicing obligations, and the repayment/ servicing of which was made out of budgetary resources, the RBI said.

In addition, the SBI failed to adhere to the intra-group exposure limit, as it did not consider the intra-day limit sanctioned to its group entity for the purpose of computing intra-group exposure limit.

Indian Bank was fined as it allowed operations and did not close several accounts opened using OTP-based e-KYC in non-face-to-face mode, even after the expiry of one year without conducting customer due diligence procedure, and opened several savings accounts in the names of customers not eligible to maintain savings deposit account, the RBI statement said.

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Similarly, Punjab & Sind Bank failed to credit the eligible amount to a Depositor Education and Awareness Fund within the period prescribed under Section 26A of the BR Act, due to which the monetary penalty was imposed.

Fedbank Financial Services has been fined as it delayed the reporting of a fraud to the RBI.

(IANS)

Men’s ODI WC: Pakistan v New Zealand warm-up match to be played behind closed doors

by Pabitra Mohan Senapaty

New Delhi, Sep 25: The Men’s ODI World Cup warm-up match between Pakistan and New Zealand, to be held on September 29 in Hyderabad, will be played behind closed doors, said an update from the Board of Control for Cricket in India (BCCI).

The reason behind the warm-up game to be played behind closed doors has been cited ‘as per the advice of the local security agencies’ in Hyderabad. “The match in Hyderabad coincides with festivals on the day and large gatherings are expected around the city. The spectators who bought tickets for the game will receive a full refund,” further said the update.

Hyderabad is one of three venues, alongside Thiruvananthapuram and Guwahati, to be hosting the warm-up matches of the 2023 Men’s ODI World Cup from September 29 to October 3, before the tournament takes place from October 5 to November 19.

Pakistan, the 1992 champions, will play their second warm-up match against Australia on October 3 – before their World Cup tournament opener takes place against the Netherlands on October 6 at the Rajiv Gandhi International Stadium in Hyderabad.

Meanwhile, the International Cricket Council (ICC) has confirmed to IANS that the Pakistan squad for the Men’s ODI World Cup have been issued their visas less than 48 hours before their departure to India. With the visas now received, the Pakistan team is now scheduled to fly to Hyderabad from Lahore via Dubai in the early hours of September 27.

The 2023 Men’s ODI World Cup, the 13th edition of the competition, will open with defending champions England taking on New Zealand in what will be the re-match of the 2019 finale at the Narendra Modi Stadium in Ahmedabad on October 5.

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Ten teams will play each other once in a round-robin format, with the top four making it to the semi-finals, to be played in Mumbai and Kolkata. The final will be played on November 19 at the Narendra Modi Stadium in Ahmedabad.

(IANS)

Rozgar Mela: PM Modi To Distribute Around 51,000 Appointment Letters To Newly Recruits Tomorrow

by Hemanta Pande

New Delhi, Sept 25: Prime Minister Narendra Modi will distribute about 51,000 appointment letters to newly inducted recruits tomorrow via video conferencing, officials said on Monday.

The Prime Minister will also address the appointees on the occasion.

The Rozgar Mela will be held at 46 locations across the country.

The recruitments are taking place across Central Government Departments as well as State Governments/UTs supporting this initiative. The new recruits, selected from across the country will be joining the Government in various Ministries/Departments including Department of Posts, Indian Audit & Accounts Department, Department of Atomic Energy, Department of Revenue, Department of Higher Education, Ministry of Defence, Ministry of Health & Family Welfare, among others.

The Rozgar Mela is a step towards fulfilment of the commitment of the Prime Minister to accord highest priority to employment generation. The Rozgar Mela is expected to act as a catalyst in further employment generation and provide meaningful opportunities to the youth for their empowerment and participation in national development.

The newly inducted appointees are also getting an opportunity to train themselves through Karmayogi Prarambh, an online module on iGOT Karmayogi portal, where more than 680 e-learning courses have been made available for ‘anywhere any device’ learning format.