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World Bank President and Nirmala Sitharaman talks about COVID-19 and the Russia-Ukraine conflict

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Union Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday (local time) to discuss several important economic challenges, including India’s long-term recovery from the COVID-19 pandemic and the impact of the Russia-Ukraine conflict. They also talked about India’s future G20 presidency and the World Bank’s leadership in the country.

“The two discussed India’s sustained recovery from COVID-19, the impact of the Russia-Ukraine war, the Single Borrower Limit and the potential of Guarantees from other G-7 states, India’s G20 Presidency, and WorldBank leadership in India,” the Finance Ministry said.

Finance Minister Nirmala Sitharaman said during the meeting that India’s COVID pandemic response has prioritised saving lives and livelihoods. According to the Finance Minister, India has effectively managed the world’s second-largest immunisation programme, with more than 1.85 billion vaccine doses administered.

‘Multilateralism has become increasingly important.’

In response to global uncertainty, the Union Finance Minister stated that multilateralism has grown more important as the globe enters a period of unprecedented uncertainty. India remains concerned about the dangers to global recovery due to rising uncertainty among increased geopolitical tensions, the finance minister said, referring to the continuing global crisis, especially the Russia-Ukraine conflict.

FM Sitharaman emphasised India’s infrastructure development strategy, according to the Finance Ministry. “India’s strategy for infrastructure development was underlined by Finance Minister Smt. Nirmala Sitharaman and we look forward to the World Bank’s sustained support for funding #investments for the National Infrastructure Pipeline NIP and PM GatiShakti programme,” the ministry stated.

FM spoke with executives from FedEx, Mastercard, and other companies.

Finance Minister Nirmala Sitharaman met CEOs of significant American corporations like FedEx and Mastercard on Thursday (local time) during her official visit to the United States and discussed many investment opportunities in India, which is on track to become the world’s fastest-growing global economy.

FedEx President and CEO-elect Raj Subramanian remarked during his meeting with the Finance Minister that he is excited about India and has substantial expansion ambitions, notably in skilling. Subramanian indicated an interest in establishing research and development centres in India and lauded the government’s commitment to integrated growth through the PM Gati Shakti Master Plan. Prime Minister Narendra Modi, for example, declared last year that a Rs 100 lakh crore national master plan for multi-modal connectivity would be launched, to create infrastructure to reduce logistic costs and enhance the economy.

Miebach Michael, the CEO of Mastercard, was also introduced to FM. She briefed him on India’s commitment to Digital Financial Inclusion, with a focus on women and small businesses, through the development of world-class domestic technological solutions. The Finance Ministry tweeted, “FM Smt. @nsitharaman asked Mr @MiebachMichael @Mastercard how lessons from India’s #FinancialInclusion initiative might be applied to generate solutions for the world.”

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Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe

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The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.

Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.

An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.

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Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations

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The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.

According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.

The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.

Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.

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Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election

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The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.

Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.

Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.

As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.

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