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Punjab is in debt amounting to Rs 3 lakh crores

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Well with the creation of the new government in Punjab, led by Bhagwant Maan, the top priority for this administration is to get the state out of its Rs 3 lakh crore debt while also producing money to fund the party’s lengthy list of election promises and giveaways.

Punjab Chief Minister Bhagwant Mann, speaking about the state’s severe financial condition, has ordered an investigation into the state’s 3 lakh crore debt. “Earlier, Punjab took a loan of 3 lakh crore,” the Chief Minister said, adding that an investigation into the money’s use will be conducted. Mann also informed cops that any money that has been misappropriated will be reclaimed.

The Punjab cabinet, led by Chief Minister Bhagwant Mann, has assumed debt of approximately Rs 3 lakh crore from the previous Congress and Akali Dal governments.

Punjab’s unpayable debts

In its interim budget for the first three months of the fiscal year 2022-2023, the Punjab government has set aside the biggest amount of money for loan interest payments. The state government, on the other hand, has cleared a three-month Vote on Account budget of Rs 37,120.23 crore.

The Congress administration added Rs 1 lakh crore to Punjab’s 3 lakh crore debt during its five-year tenure. Charanjit Singh Channi made over Rs 3,500 crore in announcements during his 111-day stint as Chief Minister. Punjab’s financial burden is predicted to exceed Rs 3.37 lakh crore by 2024-25, according to a study issued by the Comptroller and Auditor General of India.

Meanwhile, Punjab Chief Minister Bhagwant Mann has already asked the Centre for a bailout of 1 lakh crore rupees to help his state, which is heavily in debt. The Congress administration pledged 300 units of free power per month for every home before the Aam Aadmi Party (AAP) won the elections. Furthermore, every woman in the state was given Rs 1,000 each month. Even the most reasonable estimates show that these projects will cost the government an additional Rs 20,000 crore per year if implemented collectively. Punjab’s outstanding debt has increased by Rs 1 lakh crore to Rs 2.82 lakh crore during the previous five years.

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Woman Found Murdered at Ulwe Lodge, Boyfriend Dies by Suicide

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23-year-old woman allegedly strangled by her boyfriend at a Sector 9 lodge; police launch investigation into the incident.

The Murder

A shocking incident was reported at Happy Residency Lodge in Sector 9, Ulwe, where a 24-year-old man allegedly murdered his 23-year-old girlfriend before dying by suicide.

According to the police, the incident came to light around midnight on Wednesday. The preliminary investigation suggests that the crime may have been linked to complications in their relationship. However, the exact motive is yet to be established. The woman’s father, Satyaveer Singh Chaudhary, a resident of Sankeshwar Plaza in Ulwe, approached the police after his daughter went missing on Tuesday. The family was scheduled to travel outside the state by flight, but the woman failed to return home.

Following the complaint, Ulwe police began searching for her. A technical investigation helped them trace her location to Happy Residency Lodge in Sector 9. When police reached the lodge at around 1 am on Wednesday, they found the woman’s body inside a room. Her boyfriend, identified as Bharat Pankaj Bhardwaj, alias Gaurav, was also found dead after allegedly hanging himself.

According to the post-mortem findings, the woman was strangled to death before the man died by suicide at around 4.45 am. Police have registered a murder case against the deceased man under Section 103(1) of the Bharatiya Nyaya Sanhita. Further investigation is being conducted by the Ulwe police.

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Fake Journalist Arrested for Allegedly Cheating Four People of Rs 19 Lakh in Ulwe Flat Deal

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Navi Mumbai Police arrest accused from a Lonavala hotel, he allegedly promised affordable flats in Ulwe but failed to deliver.

Cheating

Navi Mumbai Police have arrested a man accused of cheating four people of approximately Rs 19 lakh by promising to provide flats at below-market prices in Ulwe. The accused, identified as Shailendra Devprabhakar Dwivedi, was arrested from a hotel in Lonavala.

According to the police, Dwivedi allegedly posed as a journalist and claimed to be associated with a real estate development firm, Shri Guru Builders and Developers. He reportedly promised affordable flats in a building being developed at Plot No. 453 in Sector 24, Ulwe.

Using these assurances, he allegedly collected a total of Rs 19 lakh from four people but failed to provide the promised flats. Vijay Jha (42), an incense-stick businessman, lodged a complaint at the Ulwe police station on October 7. After the complaint was registered, the accused allegedly went into hiding and frequently changed locations to avoid arrest. He also reportedly circulated misleading social media posts about Navi Mumbai police personnel.

Following a technical investigation, the police traced him to a hotel in Lonavala and arrested him around midnight on Thursday. Deputy Commissioner of Police Amit Kale stated that several other serious cases, including extortion, illegal possession of weapons, assault and obstructing government officials, had previously been registered against the accused at various police stations in Navi Mumbai and Thane. Further investigation is underway.

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Cyberattack at SBI’s Navi Mumbai IT Centre, 3.75 Lakh Records Allegedly Stolen

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Hackers reportedly accessed servers at the CBD Belapur facility and stole data linked to YONO 2.0 and RAAS applications; police launch investigation.

The IT Centre

A major cybersecurity breach has been reported at the State Bank of India’s (SBI) Global IT Centre in CBD Belapur, Navi Mumbai, where hackers allegedly gained unauthorised access to the bank’s servers and stole around 3.75 lakh records.

According to a police complaint, the incident took place between October 9 and October 15, 2026. The stolen data reportedly included 32 CSV files containing approximately 3.75 lakh records linked to SBI’s YONO 2.0 and RAAS applications. Additionally, two JSON files and 2,721 PDF files were allegedly accessed.

The complaint suspects the involvement of an individual or hacking group operating under the name ‘Siriusim’, along with another unidentified person. It has also been alleged that the stolen information was circulated on the dark web. SBI official Bhavesh Nehru Nikam filed a complaint at the CBD police station. Police have registered a case against unidentified persons under relevant provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.

The police are investigating how the hackers accessed the servers, who was responsible for the breach and whether the stolen information was misused. However, the exact nature of the compromised customer data remains unclear. There is no official confirmation yet regarding the theft of bank account numbers, passwords or financial transaction details.

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