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News in Short

News in Short - 25-June-2021

Banks get fugitive assets from ED

Date: 25 June 2021 Tags: Miscellaneous
  • The Enforcement Directorate (ED) has handed over ?9,041.5 crore worth of assetsin shares, to Indian banks that lost money to bank fraud by three fugitive businessmen, Vijay Mallya, Nirav Modi and Mehul Choksi.
  • ED has already seized assets worth ?. 18,170.02 crore, 80.45% of the total loss to banks in cases involving the three businessmen, and transferred a part of the attached or seized assets to the banks and the government.
  • This includes their properties worth ?969 crore in foreign countries including the UK, the US, France and the UAE. India is also pursuing their extradition.

India and Pakistan agree to co-operate in SCO to fight against terrorism

Date: 25 June 2021 Tags: International Organizations
  • National Security Advisors of member countries pledged cooperation in the joint fight against international terrorism, extremism, and separatism during the Shanghai Cooperation Organisation (SCO) meet in Dushanbe.
  • The NSAs of the SCO countries discussed cooperation against religious radicalism and the risks of increasing transnational organised crime, including arms and drug trafficking.
  • It was also stressed that the regional anti-terrorism structure of the SCO can play an important role in ensuring regional security and strengthening ties between member states in combating threats and challenges of the modern world.

Karnam Malleswari appointed V-C of Delhi Sports University

Date: 25 June 2021 Tags: Sports
  • The Delhi government has appointed India’s first woman Olympic medal winner Karnam Malleswari as the Vice-Chancellor of the upcoming Delhi Sports University (DSU).
  • The university would start visiting schools once they reopen and conduct a talent hunt for students interested in sports.
  • The degree a student will receive upon graduation from the Delhi Sports University will be equivalent to degrees in mainstream courses.
  • The Delhi Assembly had in 2019 passed a Bill to set up the DSU which would offer graduation, post graduation and doctorate degrees in cricket, football, and hockey among other sports.

New Zealand wins inaugural World Test Championship

Date: 25 June 2021 Tags: Sports
  • New Zealand lifted the inaugural World Test Championship title with a comfortable eight-wicket win over India on the sixth and final day of the marquee final at The Hampshire Bowl, Southampton.
  • It is first major ICC trophy for the Black Caps, who had ended runners-up at the 2019 ODI World Cup after losing the final to hosts England on boundary count. They had also lost the 2015 World Cup final to Australia.
  • The seasoned pair of skipper Kane Williamson (52) and Ross Taylor (47) took New Zealand past the finish line with their unbeaten 96-run partnership as they overhauled the 139-run target without much fuss.

Software pioneer John McAfee dies

Date: 25 June 2021 Tags: Obituaries
  • John David McAfee, the founder of the antivirus software maker bearing his name, died in a prison in Spain. He was 75.
  • After selling his pioneering virus-fighting firm in 1994, McAfeelost most of his fortune during the 2008 financial crisis.
  • He was detained in Spain in 2020 after prosecutors in the United States accused him of not filing tax returns for several years.
  • The US government accused him oftrying to avoid taxes by using cryptocurrency and channeling the money through bank accounts. He could have faced prison time if convicted.