October 1, 2018 | Kashmir POST

UN Chief Guterres concerned over Kashmir Situation

October 1, 2018October 1, 2018 Editor

UN secretary general Antonio Guterres has voiced concern over the situation in Jammu and Kashmir while encouraging “positive dialogue” to resolve the disagreements peacefully. He also said that the UN welcomes a greater role for India in addressing regional peace and security challenges. “On the development front, India already is, and can become an even greater regional development force, helping other countries of the region forge a better future,” Guterres told PTI in an email interview here ahead of his visit to India beginning Monday. He said the UN welcomed…

In a surprise move centre takes control of indebted lender IL&FS

October 1, 2018 Editor

The dramatic move, which unfolded within the span of a hectic day in Mumbai, underscores the government’s concern about IL&FS’s defaults spreading to other lenders in the world’s fastest-growing major economy. The government will immediately seize control of a shadow lender whose defaults have caused widespread upheaval at mutual funds, a rebuke that’s only happened to one other firm. Officials were granted approval to oust Infrastructure Leasing & Financial Services Ltd.’s board and a new six-member board will meet before Oct. 8, the National Company Law Tribunal said on Monday.…