Over 26,000 People Evacuated From Coastal Area Of Tamil Nadu Due To Cyclone Gaja

New Delhi: Over 26,000 people have been evacuated from the coastal area of south Tamil Nadu as authorities braced for the landfall of Cyclone Gaja. Those evacuated have been placed in 164 camps while tens of thousands of rescue personnel were on standby.

The cyclone, the first major weather system to form since the onset of the North East monsoon on November 1, was moving at a speed of 10 kmph as of 6 pm, he said. The Met officials in Chennai said the outer edge of the cyclone has come close to the shores so it is expected to hit the Tamil Nadu coast in the next few hours.


Launch Of Bahubali Marks Completion Of Development of Heaviest Launch Vehicle GSLV Mark III

New Delhi: Indian space scientists achieving another feet by successfully launching ISRO’s communication satellite GSAT 29 from Sriharikota in Andhra Pradesh. This has marked the completion of the development stage of India’s heaviest launch vehicle, the GSLV Mark III, called ‘Bahubali’ because it has double the carrying capacity of GSLV Mark II.

It will now be part of ISRO’s fleet of operational vehicles, which includes the highly successful PSLV (Polar Satellite Launch Vehicle). The organisation took to Twitter to confirm the successful launch of the communication satellite.

Prime Minister Narendra Modi congratulated ISRO on the launch saying that the double success sets a new record of putting the heaviest satellite in orbit by an Indian launch vehicle.


Co-Founder Of Flipkart Binny Bansal Resigns As The Company’s Group CEO

New Delhi: Binny Bansal, the co-founder of Flipkart, has resigned as the company’s group CEO after an internal investigation conducted by Flipkart and its parent firm Walmart into an allegation of “serious personal misconduct.” However, Bansal denied the allegation.

The company said in a statement. Bansal and his representatives could not be reached for comment. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” the company said. “Because of this, we have accepted his decision to resign.”


Urjit Patel Meets PM To Work Out Solution On Contentious Issues Between RBI And Government

New Delhi: Amid much of a controversy over differences between Reserve Bank of India (RBI) and the government, RBI governor Urjit Patel is believed to have met Prime Minister Narendra Modi last week in a bid to work out a solution on contentious issues that have been flash point between the central bank and the government.

Sources said Patel was in the national capital on Friday and met senior officials in the Prime Minister’s Office (PMO). The meetings, which some said also included with the Prime Minister, came amid a face-off between the central bank and the finance ministry over issues ranging from appropriate size of reserves that RBI must maintain to ease of lending norms to step up growth in an election year.

Sources said there are indications that the RBI may create a special dispensation for lending to small and medium enterprises, but it was not immediately clear if an agreement has been worked out to ease liquidity situation for non-banking finance companies (NBFCs) and the RBI parting with its substantial part of its surplus.


Union Minister Ananth Kumar Loses Battle to Cancer, Dies in Bengaluru Hospital

New Delhi: Union Minister for Parliamentary Affairs Ananth Kumar died on Monday at a private hospital in Bengaluru due to multi-organ failure, a party spokesman said. He was 59. "Kumar passed away at around 3 am at Shankara Cancer Hospital in the city's southern suburb due to multi-organ failure three weeks after he was admitted on return from the US on October 21," party's spokesman S Shantaram said. The Minister is survived by his wife Tejaswani and two daughters Aishwaraya and Vijayeta.

Kumar, who represented the Bengaluru South Lok Sabha constituency since 1996, had undergone treatment for cancer in the UK and US since August. "Kumar first went to London after the monsoon session of Parliament in July-August for treatment and was shifted to another hospital in the US. The cancer spread to other parts of the body, resulting in multi-organ failure," added Shantaram.