Tuesday Morning News Brief, October 10

Tuesday morning brief Oct 10 2017
Good morning!
Here’s everything you need to know to start your day…
Flat buyers will now be covered even in case builder goes ‘bankrupt’. The Insolvency & Bankruptcy Board of India has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interest of all stakeholders. This move is aimed at protecting the interests of home buyers of real estate players. Read
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Donald Trump’s new immigration plan may benefit Indian professionals. Trump has proposed a merit-based immigration system that could benefit highly-skilled Indian workers but prevents them from sponsoring their extended families, as part-of an aggressive plan which the US president said will serve national interest
A tip-off from his spurned lover led the J&K police to track top Jaish terrorist Khalid down and kill him. Khalid alias Shahid Showkat, who led Jaish operations in north Kashmir, had lately been commanding a group of 3-4 Jaish fidayeen and supposedly on a mission to carry out a “spectacular” suicide attack at a security installation in Kashmir.
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IIT-Kanpur senate has suspended 22 2nd-year B.Tech students for ragging. The punishment followed the allegations by new students that they were forced to strip by seniors. They filed a mass complaint in August. The probe committee had found the charges to be true, and recommended the suspension of all 22 students. 16 students were suspended for three years, and six for a year.
The Navy has sacked a sailor for undergoing a sex change surgery. The Navy, which served the discharge letter on Manish Giri, said “he was administratively discharged from service by invoking the clause of ‘Service No Longer Required’ under the Navy Regulations” after the defence ministry’s approval.
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