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Live Updates: Nitin Gadkari’s office received three threatening calls, police say

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Nitin Gadkari’s office received three threatening calls, all from the same person who identified himself as Jayesh Pujari. It turned out to be the number of a woman from Mangalore. We also talked to her, she works in the field of organizing events. We are looking into whether the call was made by her friend or Jayesh Pujari, said Nagpur DCP, Rahul Madane. The man on the phone said that last time he demanded 100 shares, and this time he should be given at least 10. He did not voice any threats to his life.


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Nitin Gadkari’s office received three threatening calls, all from the same person who identified himself as Jayesh Pujari. It turned out to be the number of a woman from Mangalore. We also talked to her, she works in the field of organizing events. We are looking into whether the call was made by her friend or Jayesh Pujari, said Nagpur DCP, Rahul Madane. The man on the phone said that last time he demanded 100 shares, and this time he should be given at least 10. He did not voice any threats to his life.

Khalistani leader Amritpal Singh, wanted by Punjab police, sits in the front seat of a car at a toll booth in CCTV footage that emerged today in the midst of a mass hunt, NDTV reported. Amritpal Singh was last seen running away in a Mercedes SUV. Security footage from the toll booth in Jalandhar shows him sitting in Brezza. Sources say that Amritpal Singh changed cars and then changed into Brezze. He changed his traditional religious attire for a shirt and trousers and changed his turban before riding off on a bicycle. Thousands of police and security personnel searched for the Khalistani leader for four days. Over 120 people have been arrested, but Amritpal Singh is still eluding the police. The High Court of Punjab and Haryana today criticized the Punjab Police and questioned how Amritpal Singh repeatedly eluded them. “You have 80,000 policemen. What they were doing. How did Amritpal Singh escape?” the High Court asked the Punjab government. The court called it a failure of intelligence. The court’s remarks came against the backdrop of Punjab police action against the leader of Khalistan and members of his Waris Punjab De unit.

The Electoral Commission of India has decided to review the status of the national party of the Nationalist Congress Party (NCP), headed by Sharad Pawar. The electoral body will hear the presentation of the NPC today.

As Amritpal Singh, a self-proclaimed Sikh preacher and head of Waris Punjab De, continues to evade police, the National Investigation Agency (NIA) may take over the case on Tuesday, the sources said. The NIA team has arrived in Punjab and is talking to high-ranking Punjab police officials. There is now a high chance that the NIA could take over on Tuesday. Sources said the NIA is looking for details and documents related to the case.

Delhi Chief Minister Arvind Kejriwal wrote a letter to Prime Minister Narendra Modi on Tuesday asking him to “don’t stop Delhi’s budget” amid a row between the Center and the AAP’s decision in the national capital on the issue. The presentation of the Delhi government budget for 2023-2024, which was scheduled for Tuesday, was delayed due to the Kejriwal order and the distribution of the central government’s appropriation fees to various chapters.

All mobile internet services, all SMS services (except bank and mobile top-ups) and all key services provided on mobile networks, except for voice call, will continue to be suspended in Tarn Taran, Ferozepur, Moga, Sangrur, Ainala Subdistrict. In Amritsar, areas adjacent to YPS Chowk and Airport Road in SAS Nagar, until March 23 (12:00) in the interest of public safety, the Punjab government said, ANI reported.

After Lieutenant Governor V.K. Saxena expressed some administrative concerns about the proposed fiscal interest budget, the Union Home Office (MHA) on Monday asked the Aam Aadmi Party (AAP)-led government of Delhi to resubmit the budget with these concerns in mind to take further action. A response from the government of the National Capital Territory of Delhi is expected within the last four days, the Interior Ministry said.

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BUSINESS

The fate of First Republic bank hangs in the balance as stocks plunge again

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And news reports that the Biden administration is in talks with Warren Buffett, the chairman of Berkshire Hathaway, who famously provided billions to support Goldman Sachs during the 2008 crisis, only signal that the current panic may be intensifying.

The First Republic is almost becoming a model of these contradictions – the extraordinary efforts to save the creditor seem to worry the markets more, not less.

On Thursday, the country’s 11 largest banks provided First Republic, the country’s 14th largest bank, with a $30 billion short-term loan to bolster its finances as depositors left en masse. The act was intended as a show of support for the First Republic, as the amounts provided by banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo were not insured. In other words, the big banks would lose their money if the First Republic collapsed, unless the government agreed to return it.

Several of these banks, including JPMorgan, were involved in further discussions about how to stabilize the First Republic.

In recent days, First Republic’s credit rating has also been downgraded several times. On Friday, Moody’s said it downgraded the bank due to increased reliance on short-term borrowings, including from the Federal Reserve and a consortium of banks. Paying interest on loans can be costly for a bank that is trying to shore up its cash.

“Moody’s believes that the high cost of these borrowings, combined with the bank’s high proportion of fixed-rate assets, is likely to have a large negative impact on First Republic’s underlying earnings in the coming quarters,” the agency said in a statement. Moody’s also said it was not clear how First Republic could return to profitability.

Standard & Poor’s, in its own downgrade on Sunday, said the bank continues to face “significant business, liquidity, funding and profitability challenges.”

Joe Rennison made a report.

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