Monday Evening News Brief, January 22

Monday evening brief Jan 22 2018
Good evening!
Here’s everything that transpired during the course of the day…
20 MLAs of the Aam Aadmi Party today withdrew from the Delhi high court their plea for a stay on the Election Commission’s recommendation seeking their disqualification. The MLAs’ counsel told the court that since President Ram Nath Kovind had accepted the Election Commission’s recommendation and issued a notification disqualifying them, the plea had become infructuous. The counsel will now file an appeal after examining the Presidential order. Read more
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Pakistan won’t allow a sanctions monitoring team of the United Nations Security Council (UNSC) any direct access to 26/11 Mumbai terror mastermind Hafiz Saeed. The UN team’s visit will take place – on January 25 and 26 – amid increasing pressure on Pakistan from the US and India on the inadequate implementation of the sanctions on Saeed and entities linked to him. The UNSC team, one Pakistani diplomatic source said, will visit to discuss “official information” on issues relating to the banned outfits and implementation of UN sanctions.
The Supreme Court (SC) today transferred to itself two cases from the Bombay high court (HC) about the alleged suspicious death of CBI judge BH Loya. The Court then also asked other High Courts not to entertain any PILs on the issue relating to Loya’s death and posted the matter for hearing on February 2. As the Maharashtra government presented documents related to the Judge Loya death case, the top court said the issues raised in the current petitions are serious and “we must look into all documents with utmost seriousness.”

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India’s banking sector will be saddled with gross non-performing assets (GNPAs) worth a staggering Rs 9.5 lakh crore by March-end, a report said today. The high level of stressed assets in the banking system, however, provide enormous opportunity for asset reconstruction companies (ARCs) which are important stakeholders in the NPA resolution process, said the Assocham-Crisil study. At the same time, it said, the growth of ARCs is expected to come down significantly owing to capital constraints.
Delhi Police today arrested Indian Mujahideen (IM) co-founder Abdul Subhan Qureshi, one of the most wanted terrorists in the country for masterminding the 2008 Gujarat blasts. DCP Pramod Kushwaha said that Qureshi, who had gone underground for the last several years, had returned to India to meet an old acquaintance in Ghazipur. “Abdul Subhan Qureshi was living with forged documents in Nepal. He came back to India to revive Indian Mujahideen,” DCP Kushwaha said. Qureshi, 46, who was nabbed after a brief exchange of fire, has been sent to police remand for 14 days.
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