YK MYK WEATHER TODAY MAX 28 C MIN 22 C NARENDRA MODI AND YOGI ADITYANATH ARE EXPOSING TRUE COLOURS OPINION Rainfall may occur. Rs. 5 RANCHI FRIDAY, 17 SEPT, 2021 PG-12, YEAR—11, ISSUE—135 (RNI NO: JHAENG / 2012 / 44137) SHARDUL THAKUR CREDITS DHONI'S TIP, EXTRA HARD WORK FOR IMPROVED BATTING GAMES & SPORTS Morning India Notice Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank The office of 'Morning India' newspaper will remain closed on September 17 (Friday) on account of Vishwakarma Puja. The next issue of the newspaper will hit the stands on September 19 (Sunday). An artist gives final touches to a clay idol of God Vishwakarma ahead of 'Vishwakarma Puja', in Patna on Wednesday. (ANI Photo) AT A GLANCE 15 INJURED IN BLAST AT BARAUNI OIL REFINERY, 8 IN SERIOUS CONDITION PATNA : Around 15 employees were injured, including eight seriously, in an explosion at a wing of the Barauni oil refinery in Bihar's Begusarai district on Thursday, officials said. The injured persons are admitted in Barauni refinery hospital and a private hospital. Eight of them are battling for their lives. "A section of the refinery was shut for the last one month. The operation of the section was launched on Tuesday. Things were going smoothly for the last two days until a massive explosion at around 12 noon on Thursday," senior refinery official E.D. Shukla said: "We have stopped all kinds of production at this facility. The rescue operation is currently underway. We are ascertaining that no one is trapped inside. Human movement inside the facility is completely stopped. Only expert engineers will be allowed to inspect the affected area later to find out the reason of the incident," he added. Covid booster dose not central theme at the moment: ICMR chief NEW DELHI : The Director General of Indian Council of Medical Research (ICMR), Balram Bhargava, said on Thursday that a booster dose for Covid-19 is not the central theme of scientific and public health discussions at the moment. At a media briefing on the Covid situation in the country, Bhargava said that administering both doses of the vaccine is the major proirity now. Talking about the ongoing vaccination drive in the country, Union Health Secretary Rajesh Bhushan said that 20 per cent . CORONA METER INDIA TOTAL CASES: 33,347,325 TOTAL DEATHS: 443,960 WORLD TOTAL CASES: 227,408,865 TOTAL DEATHS: 4,676,459 Prepare master plan for RIMS: CM SANJAY SAHAY RANCHI: Chief Minister (CM) Hemant Soren on Thursday directed the officials to prepare master plan for Rajendra Institute of Medical Science’s (RIMS) development and improve the facilities of district hospitals. While reviewing the functioning of health department the CM said, “It is the demand of time that the RIMS is developed in a new form. The health facilities at panchayat levels must also improve”. He stated that roads with high accidents should be marked as black spots so that trauma centres could be constructed there for providing immediate medical treatment to accident victims. He said that hindrance coming in the way of enrollment of the medical students must be removed soon. The directed that a platform comprising private and government hospitals be formed to provide ambulance to the needy persons adding the system should be linked to global positioning system. The private ambulance would paid for the service. The CM stated that a data base of nurses in the private hospital must be prepared, He said male nurses should also be recruited. EU adopts strategy for cooperation in Indo-Pacific BRUSSELS: European Commission and the High Representative on Thursday adopted a Joint Communication on the EU Strategy for cooperation in the Indo-Pacific. This is seen as a major development for the region ahead of the first in-person Quad meeting in Washington next week, in which key players of the Indo-Pacific i.e. India, Japan, Australia and the US are taking part. "The EU is stepping up its strategic engagement with the Indo-Pacific region. This region is increasing in strategic importance for Europe. Its growing economic, demographic, and political weight makes it a key player in shaping the rules-based international order and in addressing global challenges. The EU aims to contribute to the region's stability, security, prosperity and sustainable development, in line with the principles of democracy, rule of law, human rights and international law," a statement said. European Commission President Ursula von der Leyen said: "The economic, demographic, and political weight of the IndoPacific region is expanding, from the east coast of Africa to the Pacific island states. With today's proposals and guided by our values, we are offering a strengthened partnership to advance trade, investment and connectivity, while addressing common global challenges and reinforcing the rules-based international order." The implementation of the EU Strategy will include in particular the following actions: Completing EU trade negotiations with Australia, Indonesia and New Zealand; resuming trade negotiations and starting investment negotiations with India. EU strategy also includes stepping up implementation of the connectivity partnerships with Japan and India; supporting partners in establishing an appropriate regulatory environment and facilitating the mobilisation of the necessary funding. to The CM also learnt about under construction pharmacy institutes in Dumka, Hazaribag, Palamau and West Singhbhum. Health minister Banna Gupta, chief secretary Sukhdeo Singh, development commissioner Arun Kumar Singh and RIMS director Dr Kameshar Prasad attended the meeting. ISI trained terrorists were to blow bridges, railway tracks in India NEW DELHI : Pakistan's Inter-Services Intelligence (ISI) trained the two terrorists, that were arrested by the special Cell of Delhi police, were to blow bridges and railway tracks to cause mass casualties in India, it was revealed during the interrogation on Thursday. According to official sources, the two suspected terrorists -Osama and Zeeshan -- who were trained by the ISI in Thatta of Pakistan's Sindh province, were instructed to do a recce of railway tracks. The interrogation revealed that the duo was also asked to acquire the details of the timings and route of the trains with more passengers so that the blast results in a high number of casualties. Sources informed that 1.5 kg of RDX was found from their possession when they were caught by the Special Cell earlier this week. "This much amount of RDX is enough to cause largescale destruction," the source said. As per the latest reports, a team of Maharashtra Anti-Terrorist Squad (ATS) and Special . NEW DELHI : The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL). The government guarantee mechanism was approved by the Union cabinet on Wednesday, paving the way to operationalise the country's first bad bank in which majority 51 per cent stake is held by public sector banks. The government guarantee will allow banks to transfer their non-performing assets (NPAs) to NARCL, which will buy the stressed assets on payment of 15 per cent of the amount in cash and the balance 85 per cent in security receipts. The government guarantee will be available on the gap between the face value and actual realised value of the assets to ensure that banks do not lose out on stressed asset sale while also helping to clean up their balance sheet. The guarantee on SRs will be available for a period of five years to ensure that resolution of bad assets happen in a time-bound manner without any delay. The incentive of government guarantee would cease if asset resolution takes more than five years. The government has identified Rs 2 lakh crore of stressed assets in the banking sector to be transferred to the NARCL. However, in the first phase, it would take up fully-provided bad assets worth Rs 90,000 crore. Giving details of the latest reform initiative taken by the government to clean up the banking sector, Finance Minister Nirmala Sitharaman said that in the last six financial years, banks have already recovered Rs 5,01,479 crore. Of this, Rs 3.1 lakh crore has THE GOVERNMENT GUARANTEE MECHANISM WAS APPROVED BY THE UNION CABINET ON WEDNESDAY, PAVING THE WAY TO OPERATIONALISE THE COUNTRY'S FIRST BAD BANK IN WHICH MAJORITY 51 PER CENT STAKE IS HELD BY PUBLIC SECTOR BANKS. been recovered since March 2018. Sitharaman added that the government guarantee will give more confidence to the lenders to sell their assets to NARCL. Addressing a press conference on Thursday, the Finance Minister also said that apart from NARCL, the government is also setting up an India Debt Resolution Company Ltd to manage NPAs. In this company, PSBs and state-owned financial institutions will own 49 per cent stake. She added that private sector banks will also hold stake in it. The Finance Minister in her 2021-22 Union Budget speech had announced the setting up of a 'bad bank', including an asset reconstruction company and asset management company to take over the existing stressed debt of banks. A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. Dhoni named in 15-member defence ministry panel on NCC New Delhi : Cricket icon Mahendra Singh Dhoni and industrialist Anand Mahindra were on Thursday named in a 15member panel constituted by the defence ministry to carry out a comprehensive review of the National Cadet Corps (NCC) in order to make it more relevant. The committed headed by former lawmaker Baijayant Panda includes Col. (Retd) Rajyavardhan Singh Rathore, Rajya Sabha member Vinay Sahasrabuddhe, Principal Economic Advisor in the Finance Ministry Sanjeev Sanyal and Jamia Millia Islamia Vice Chancellor Najma Akhtar. Former vice-chancellor of the SNDT Women's University Vasudha Kamat, National Organising Secretary of Bhartiya Shikshan Mandal Mukul Kanitkar, Maj Gen (retd) Alok Raj, Managing Director of SIS India Ltd Rituraj Sinha and CEO of Databook Anand Shah are also members of the panel. Dhoni's inclusion in the high-level panel came days after he was appointed mentor for India's T20 cricket world cup team. The former India captain is a Lieutenant Colonel (Honorary) in the Indian Army. The defence ministry said the committee has been constituted for a comprehensive review of the NCC in order to make it more relevant in changing times. "The terms of reference of the committee, inter-alia, broadly provide for suggesting measures which can empower NCC cadets to contribute more effectively towards nation-building and national developmental efforts in various sectors," it said. Officials said the committee will propose measures for gainful engagement of the NCC cadets for the betterment of the organisation as a whole and to recommend best practices of similar international youth organisations for inclusion in the NCC curriculum. The NCC is the largest organisation in uniform that aims at developing character, discipline, a secular outlook and ideals of selfless service among young citizens, the ministry said in a statement. It also aims to create a pool of organised, trained and motivated youth with leadership qualities in all walks of life. The NCC was formed under the National Cadet Corps act in 1948.