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Thursday morning news brief, May 10

May 10, 2018
Thursday morning brief May 10 2018
Good morning!
Here’s everything you need to know to start your day…
After Donald Trump’s withdrawal of US from the Iran nuclear deal, India is finding ways to work around the curbs. India came under intense US pressure from 2011 regarding its exposure to Iran and the Persian nation slipped from being India’s top source for oil, replaced by Iraq and Saudi Arabia. In 2018, India promised to up its offtake of oil from Iran. The trouble spot here will be Chabahar port which is crucial for connectivity and geopolitical links with Afghanistan and central Asia. In the previous round of sanctions, India and Afghanistan managed to squeeze an exception from the US on Chabahar. Read more
YES Bank’s initiative for providing clean drinking water

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The Election Commission has to take the final call on countermanding of election in the Bengaluru locality RR Nagar. Nearly 10,000 voter ID cards were seized from a flat in the neighbourhood on Tuesday. The flying squad that reached the spot on a tip-off found a few pamphlets featuring sitting Congress MLA N Muniratna that led to BJP and JD(S) demanding the poll be countermanded. However, it turned out later that the house belonged to BJP leader Manjula Nanjamari and the tenant Rakesh, also a BJP worker, is her close relative.
Out on bail, 26/11 Mumbai attacks mastermind Zaki-ur Rehman Lakhvi is allegedly raising donations to fund terror activities. Lakhvi has resurfaced for the first time after being released on bail by the Lahore high court in 2015 and is allegedly collecting donations from wheat farmers in Punjab province to fund the Lashkar-Taiba’s (LeT) terror activities. LeT continues to raise finances through various charities, with new names lately being added to the list, despite the sword of Financial Action Task Force hanging over Pakistan.
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The Supreme Court has pulled up the Archaeological Survey of India for failing to protect Taj Mahal from rising pollution. The court even wondered whether the body should be relieved of the task to manage the affairs of the world heritage site. A bench of Justices Madan B Lokur and Deepak Gupta said ASI was not properly discharging its duty in maintaining the beauty of Taj Mahal and asked the Centre to consider whether some other agency be given the responsibility to protect and preserve the 17th-century monument.
Banks have voted against a bid to revive the insolvency-hit Jaypee Infratech. Over 20,000 homebuyers of Jaypee Infratech stare at uncertainty again after banks voted against a bid to revive the insolvency-hit company on Wednesday, triggering fresh moves to ensure that the firm does not face liquidation. Liquidation will mean the company’s assets will be sold and lenders will have the first right over the sale proceeds, putting the fate of homebuyers at risk.
Copyright @ 2018 Bennett, Coleman & Co. Ltd.

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