Breaking News
Delhi: CM Rekha Gupta hears public grievances during Jan Sunwai; orders time-bound action | India News


Delhi: CM Rekha Gupta hears public grievances during Jan Sunwai; orders time-bound action
File photo: Delhi CM Rekha Gupta (Picture credit: ANI)

Delhi chief minister Rekha Gupta on Tuesday held a Jan Sunwai at the Chief Minister’s Jan Seva Sadan on Raj Niwas Marg, where residents from different parts of the Capital raised their complaints, concerns and suggestions directly before her.According to an official statement, the chief minister instructed officials from the concerned departments to ensure that the issues flagged during the interaction are addressed within fixed timelines.

Delhi Headlines Today — The Biggest Updates You Need to Know.

She directed departments to follow up on the cases to ensure resolutions are carried through and residents do not face further inconvenience.During the programme, Gupta interacted with citizens one by one and reviewed both new complaints and cases that had been raised earlier. Some residents told CM Gupta that problems highlighted in previous Jan Sunwai sessions had been resolved, and acknowledged the action taken by departments through the grievance redressal mechanism.The event also saw brief interactions between CM Gupta and a group of children who welcomed her with flowers. She spoke with them during the programme and offered her good wishes.In her remarks, Gupta said the Jan Sunwai process allows for direct engagement between the government and the public, helping officials better understand on-ground issues. She said public feedback and suggestions play a role in shaping administrative functioning and decision-making.The CM reiterated that departments must treat grievances seriously and ensure timely solutions. She also stressed the need for accountability, stating that governance should not be limited to policy announcements but should focus on effective implementation through continuous dialogue with citizens.Officials present at the Jan Sunwai were instructed to monitor progress on all complaints received and ensure regular reporting on their status, the statement said.



Source link

‘ICC does not understand the situation’: Bangladesh escalate T20 World Cup row amid Mustafizur Rahman fallout | Cricket News


'ICC does not understand the situation': Bangladesh escalate T20 World Cup row amid Mustafizur Rahman fallout
Bangladesh bowler Mustafizur Rahman celebrates with team mates (Photo by Gareth Copley/Getty Images)

Bangladesh’s Youth and Sports Adviser Asif Nazrul has openly questioned whether the International Cricket Council is fully grasping the gravity of the situation surrounding the national team’s participation in the 2026 T20 World Cup matches scheduled in India. Speaking to the media on Wednesday after a meeting with Bangladesh Cricket Board president Aminul Islam Bulbul and vice-president Faruque Ahmed, Asif Nazrul said the response received from the ICC failed to reflect the seriousness of the security concerns raised by Bangladesh.

Bangladesh seek T20 WC match shift from India after Mustafizur Rahman’s IPL exit

The issue escalated after fast bowler Mustafizur Rahman was released by Kolkata Knight Riders ahead of the next IPL season, following advice from the BCCI. Soon after, the BCB formally asked the ICC to move Bangladesh’s T20 World Cup fixtures from India to co-host Sri Lanka. “After reading the letter we received from the ICC today, we felt that they have not fully understood the serious security situation that has developed in India for Bangladeshi cricketers,” Asif Nazrul said. “To me, it does not feel like only a security issue. It feels like an issue of national humiliation as well. Still, we are primarily treating it as a security issue.” Asif Nazrul said discussions with the BCB leadership led to a unanimous view that Bangladesh’s qualification for the World Cup came through hard work and deserved respect. “We are a cricket-crazy nation and we definitely want to play. We do not want to play the T20 World Cup at the cost of national humiliation, at the cost of the security of our cricketers, spectators and journalists, or at the cost of the country’s dignity. Reiterating Bangladesh’s position, Asif Nazrul made it clear that the request to shift matches was non-negotiable. “When it comes to the security of our cricketers, the security of Bangladesh, and the honour and dignity of Bangladesh, there will be no compromise. We want to play the T20 World Cup and since there is another host country, Sri Lanka, we want to play there. We are firm on this position.” The adviser also pointed to the Mustafizur episode as evidence of a wider problem. “When the Indian cricket board itself is telling the Kolkata team that they cannot provide security to this player and asking them to drop him from the team, that alone shows there is no environment in India where it is safe to play.” On the possibility of the ICC rejecting the request, Asif Nazrul said the immediate focus was persuasion. “Our first stand is to convince the ICC. We have strong arguments and we will convince them with those arguments. On the question of Bangladesh’s security, honour and dignity, there will be no compromise.”



Source link

Warner Bros-Netflix deal: Company rejects Paramount takeover bid; backs $72-bn Netflix deal for studio and streaming business


Warner Bros-Netflix deal: Company rejects Paramount takeover bid; backs $72-bn Netflix deal for studio and streaming business

Warner Bros. Discovery has once again turned down a takeover offer from Paramount, telling shareholders that the rival bid does not serve their interests and reiterating its recommendation to support a proposed $72 billion transaction with Netflix.In a statement on Wednesday, the company said its board had reviewed Paramount’s latest proposal and concluded that it “is not in the best interests of the company or its shareholders”, urging investors to stick with the Netflix agreement, AP reported.

Donald Trump Attacks $72B Netflix–WBD Deal, Demands CNN Be ‘Sold Or Included’ In Mega Merger

“Paramount’s offer continues to provide insufficient value, including terms such as an extraordinary amount of debt financing that create risks to close and lack of protections for our shareholders if a transaction is not completed,” Warner Bros. Discovery chair Samuel Di Piazza Jr. said. “Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount’s offer would impose on our shareholders.Paramount, controlled by Skydance, has taken its approach directly to shareholders after Warner’s leadership repeatedly rebuffed its overtures. The media group has sweetened its hostile bid to about $77.9 billion for the entire Warner Bros. Discovery company, compared with Netflix’s proposal, which covers only Warner’s studio and streaming assets.Late last month, Paramount announced an “irrevocable personal guarantee” from Oracle founder Larry Ellison to back $40.4 billion in equity financing for its offer. It also raised the promised payout to Warner shareholders to $5.8 billion if regulators block the deal, matching the break fee proposed by Netflix.In a letter to shareholders, Warner Bros. Discovery flagged concerns that Paramount’s proposal effectively resembles a leveraged buyout, involving heavy debt and a longer closing timeline of 12 to 18 months, increasing execution risk.The competing offers also differ sharply in scope. Netflix is seeking Warner’s studio and streaming operations, including legacy film and television production units and platforms such as HBO Max. Paramount, by contrast, is bidding for the entire company, which also includes cable and news networks such as CNN and Discovery.If the Netflix transaction goes through, Warner’s news and cable businesses would be spun off into a separate company under a previously announced plan.Any deal involving Warner Bros. Discovery is expected to face intense antitrust scrutiny in the US and overseas, given the size of the companies involved and the potential impact on competition in the global media and streaming industry.



Source link

US seizes Russian-flagged vessel; oil tanker linked to Venezuela; Moscow submarine, warship nearby


US seizes Russian-flagged vessel; oil tanker linked to Venezuela; Moscow submarine, warship nearby

The United States seized a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic. In a post on X, the US European Command said that the Justice department and department of war has taken out the operation to seize the Bella 1 for violation of sanctions.“The @TheJusticeDept & @DHSgov, in coordination with the @DeptofWar today announced the seizure of the M/V Bella 1 for violations of US sanctions. The vessel was seized in the North Atlantic pursuant to a warrant issued by a US federal court after being tracked by USCGC Munro,” it said.
The US had been pursuing the tanker since last month after it tried to evade a US blockade around Venezuela, AP reported. They added that Russian military vessels were in the general vicinity of the operation, including a Russian submarine. It was unclear how close the vessels were to the operation, which was taking place close to Iceland.The US Coast Guard first attempted to intercept the vessel last month, but it refused to be boarded. Since then, it registered under a Russian flag, Reuters reported.The tanker, now known as the Marinera, was the latest tanker targeted by the US Coast Guard since the start of US President Donald Trump’s pressure campaign against Venezuela.Separately, the US Coast Guard also intercepted another Venezuela-linked tanker in Latin American waters, US officials told Reuters, as the US continued enforcing a maritime “blockade” of sanctioned vessels from Venezuela.The moves came just days after US special forces swooped into Caracas before dawn on Saturday in a deadly raid to seize President Nicolas Maduro and take him to the United States. The US military turned him over to federal authorities for prosecution on charges involving alleged drug trafficking.Top Venezuelan officials called Maduro’s capture a kidnapping and accused the US of trying to steal the country’s vast oil reserves, estimated to be the largest in the world.In turn, Trump and top US officials accused Venezuela of stealing US oil, in an apparent reference to the country’s nationalisation of its energy sector in several waves over the past half-century.



Source link

‘Will Trump kidnap our PM?’ Prithviraj Chavan’s bizarre remark amid Venezuela crisis; BJP terms it ‘new low’ for Congress | India News


Prithviraj Chavan (File photo)

NEW DELHI: Linking the mounting trade tensions between India and United States with the capture of Venezuelan president Nicolas Maduro in the CIA-led operation, Maharashtra’s former chief minister Prithviraj Chavan on Tuesday asked: “Will Trump kidnap our Prime Minister?”Chavan said the central government has been making an effort to diversify the supply source to give a cushion to the exporters hit by the US President Donald Trump’s 50 percent tariff on India.

Donald Trump, Venezuela And India: Prithviraj Chavan’s Remark On PM Modi Kidnapping Sparks Row

“With a 50 percent tariff, trade is simply not possible. In effect, this amounts to blocking India–US trade, especially exports from India to the United States. Since a direct ban cannot be imposed, tariffs have been used as a tool to stop trade. India will have to bear this,” Chavan said in an interview to news agency IANS.Also read: Chavan slams Centre for not taking stance on Venezuela; claims govt ‘scared of Americans’ He further said: “The profits that our people earlier earned from exports to the US will no longer be available. We will have to look for alternative markets, and efforts in that direction are already under way”.“The question then is: What next? Will something like what happened in Venezuela happen in India? Will Mr. Trump kidnap our Prime Minister?” Chavan asked.Criticising Chavan over his remark, BJP’s national spokesperson Pradeep Bhandari said: Congress sinks to a new low every day. Congress leader Prithviraj Chavan shamelessly comparing India’s situation with Venezuela. By asking whether “what happened in Venezuela can happen in India”, Congress is making its anti-India mindset clear. Rahul Gandhi wants chaos in Bharat. Rahul Gandhi is seeking foreign intervention in Bharat’s affairs!”

Screenshot 2026-01-06 171657

BJP’s reaction to Chavan’s remark

Earlier in the day, Chavan criticised the government for not taking a stand after the US captured Venezuelan President Nicolas Maduro, saying such an incident could also happen to India.“Whatever has happened in Venezuela is against the UN Charter. An elected president has been kidnapped. It’s a very grave concern that it could happen to any other country tomorrow. Tomorrow it can happen to India,” Chavan said.Also read: MEA issues advisory for Indians in Venezuela; urges to avoid non-essential travel“India has not spoken as usual, not taken a stand on the Venezuela matter. Russia and China have taken a stand and criticised what America has done. The same thing happened in the Ukraine war. We did not take any side. We did not take a stand on the Israel-Hamas matter, and now here we are, so scared of Americans that we are not even trying to criticise what has happened,” he added.However, the ministry of external affairs on Sunday reiterated India’s support for the safety and well-being of people in Venezuela as the situation in the country remains tense after the US strikes.“Recent developments in Venezuela are a matter of deep concern. We are closely monitoring the evolving situation,” the MEA said in a statement.Also read: MEA reacts to US strikes on Venezuela; urges restraint, calls for dialogueTrump on Monday issued a fresh tariff warning to India, saying Washington could raise duties on New Delhi if it does not “help on Russian oil issue,” directly linking the threat to the ongoing Russia–Ukraine war.“We could raise tariffs on India if they don’t have help on Russian oil issue,” said US President Trump, quoted by Reuters.US President Donald Trump added, “They wanted to make me happy, basically… PM Modi’s a very good man. He’s a good guy. He knew I was not happy. It was important to make me happy. They do trade, and we can raise tariffs on them very quickly…”Trump was referring to India’s continued oil trade with Russia, a point his administration has repeatedly opposed, and which he had cited as the basis for doubling tariffs on India to 50% in August 2025.India is already facing the 50% tariff imposed by Trump, who has been sharply critical of New Delhi’s ties with Moscow and has alleged India of strengthening Russia in the Ukraine war by purchasing Russian crude.



Source link

Aldrich Ames: How an alcoholic became Soviet Union’s biggest asset inside the CIA | World News


Aldrich Ames: How an alcoholic became Soviet Union's biggest asset inside the CIA
FILE – Former CIA agent Aldrich Ames leaves federal court after pleading guilty to espionage and tax evasion conspiracy charges April 28, 1994, in Alexandria, Va. (AP Photo/Wilfredo Lee, File)

When Aldrich Ames finally left for the Elysian Fields, none of America’s major newspapers felt compelled to soften the landing. The New York Times called him what he was: “Aldrich Ames, C.I.A. Turncoat Who Helped the Soviets, Dies at 84.” The Washington Post went further: “the most damaging CIA traitor in agency history.” It was unduly harsh from a paper that once labelled ISIS chief Abu-Bakr Al-Baghddadi an austere scholar. That’s how deeply ingrained hate for Aldrich Ames is in the American psyche, the man who turned out to be a Russia’s most coveted asset during the Cold War. That unanimity tells you something important. Aldrich Ames is not remembered because he was fascinating. He is remembered because he was devastatingly ordinary.

The Alcoholic Traitor

To understand Aldrich Ames, one must first strip away the mythology that usually attaches itself to traitors. He was not glamorous, not especially clever, not driven by grand visions of history. He was, above all else, familiar. A second-generation CIA man who grew up inside the culture of secrecy, hierarchy, and quiet entitlement that defined Cold War intelligence work.His father had served in the agency and struggled with alcoholism, a detail often noted but rarely dwelt upon, even though it would quietly echo through the son’s life. Ames absorbed espionage not as a calling but as an atmosphere, something ambient and unquestioned. By the time he formally joined the CIA, intelligence work already felt less like a mission and more like an inheritance.

Putin To Invade NATO? Kremlin Fires Back At Germany’s ‘RESTORE USSR’ Warning | ‘COMPLETE STUPIDITY’

What distinguished Ames early on was not promise but tolerance. He was repeatedly flagged as a mediocre field officer, better suited to desk work than clandestine operations. He drank heavily, performed unevenly, and carried himself with a resentful sense that the agency owed him more than it was willing to give. None of this stopped his rise. If anything, it made it easier. The CIA, confident in its own vetting and bound by institutional inertia, mistook longevity for reliability and familiarity for trust.By the early 1980s, Ames had reached a position of extraordinary sensitivity: counter-intelligence chief for the Soviet division. It was a role that granted him access to the deepest secrets of American espionage, including the identities of Soviet officials who had secretly chosen to work for the West. This was not the result of brilliance or strategic insight. It was the product of a system that promoted its own until there was no reason left not to.

The Non-Believer

Aldrich Ames

Ames did not defect in a moment of ideological awakening. He unravelled. By the mid-1980s, his alcoholism had deepened into routine dependence. Vodka was not an indulgence but a stabiliser, a way of managing a professional life he felt increasingly unfulfilled by and a personal life that was collapsing under the weight of debt, divorce, and resentment. Money problems mounted. So did bitterness toward an agency he believed underpaid and underappreciated him. In 1985, with startling simplicity, he walked into the Soviet Embassy in Washington and offered himself. There was no gradual courtship, no coded overture. He handed over names, identified himself, and asked to be paid. The brazenness of the act was matched only by the speed with which it escalated.What followed was not a calculated long-term strategy but a panic-driven collapse of restraint. Ames feared exposure, particularly from the very Soviet assets he was responsible for protecting. His solution was annihilation. He betrayed them all, delivering to Moscow a comprehensive map of Western intelligence inside the Soviet system.Alcohol played a critical role here, not as an excuse but as an enabler. It dulled caution, eroded empathy, and encouraged the kind of compartmentalisation that allowed Ames to treat betrayal as a logistical problem rather than a moral one. He did not frame his actions as treason so much as transaction. Secrets became currency. Loyalty became irrelevant.The KGB understood what it had acquired. Ames was not a source of insight so much as volume, a bureaucratic funnel through which decades of American intelligence flowed directly into Soviet hands. For that, he was paid handsomely. Millions of dollars arrived, and with them came the lifestyle that Ames believed validated his choices.

The Damage

Aldrich Ames: The assets he betrayed

The damage was immediate and catastrophic. As Ames’s disclosures reached Moscow, Soviet counter-intelligence moved swiftly. Western agents began disappearing. Some were arrested, others interrogated, and at least ten were executed. Networks that had taken decades to build collapsed almost overnight. The CIA lost its most valuable human intelligence channels at a moment when understanding the Soviet system was more important than ever.Beyond the human cost, which remains the most damning aspect of the case, Ames inflicted long-term strategic damage. The CIA’s picture of Soviet capabilities and intentions became distorted, increasingly reliant on technical intelligence and disinformation fed back through compromised channels. Policy debates at the highest levels of the US government were shaped by intelligence that was no longer trustworthy.Ames, confronted with the consequences, remained disturbingly detached. He insisted that espionage itself was overrated, that spy networks were theatrical exaggerations rather than essential instruments of statecraft. It was a view that conveniently absolved him of responsibility for the deaths that followed his actions. If the game was meaningless, then the pieces were expendable.This moral emptiness is what distinguishes Ames from ideological traitors of earlier eras. The Cambridge Five believed they were serving history. Ames believed nothing of the sort. His betrayal was not animated by conviction but by contempt, a corrosive belief that the system itself did not deserve loyalty.

Banality of Evil

What makes the Ames case especially damning is not how clever he was, but how long it took to notice what was obvious.By the late 1980s, his lifestyle had become impossible to ignore. He purchased a house in cash, drove a Jaguar, wore tailored suits, and paid for cosmetic dental work, all on a salary that could not plausibly support such spending. Colleagues noticed. Reports were filed. Investigations were opened and then allowed to stall.The CIA’s internal security apparatus moved with lethargy, hamstrung by understaffing, bureaucratic caution, and a culture that resisted the idea that one of its own could be responsible for such damage. At one point, the investigation was effectively paused when the sole officer assigned to it went off for training.It was only when the FBI took over that the pieces fell into place. Surveillance confirmed unexplained meetings and suspicious behaviour. Financial records told a story the agency had long refused to confront. In February 1994, Ames was arrested outside his home, ending nearly a decade of uninterrupted betrayal.When confronted, he pleaded guilty and accepted a life sentence. Even then, he downplayed the impact of his actions, insisting that the intelligence world exaggerated its own importance. It was a final act of deflection, consistent with a man who had spent years convincing himself that nothing truly mattered beyond his own survival.



Source link

Fans erupt as Vaibhav Suryavanshi blasts scintillating century against South Africa U-19 in third Youth ODI



India Under-19s faced South Africa U-19s in the decisive third Youth ODI at Willowmoore Park, Benoni, on January 7, 2026, during their tour of South Africa 2025-26. South Africa U-19 captain won the toss and elected to field first, setting the stage for an explosive batting display from the young Indian colts. With the series already in India‘s pocket at 2-0 following rain-affected triumphs, all eyes turned to skipper Vaibhav Suryavanshi to cap the tour in style.​

Vaibhav Suryavanshi lights up 3rd Youth ODI with blazing century

Suryavanshi, the 14-year-old prodigy and India U-19 captain, unleashed havoc from the outset, smashing a breathtaking 127 off just 74 balls, adorned with 9 fours and 10 towering sixes at a staggering strike rate of 171.62. Opening alongside Aaron George, he forged a record-shattering 227-run stand for the first wicket in 25.4 overs, laying the foundation for India’s formidable total. Suryavanshi fell to Ntando Soni, caught by Adnaan Lagadien, but not before propelling India to a dominant position, his aggressive strokeplay—particularly against pacers like JJ Basson and Jason Rowles—leaving the hosts shell-shocked. Fans exploded in celebration online, hailing the Bihar batter’s maturity beyond his years, especially after his prior series exploits including a 68 off 24 in the second ODI.​

Also READ: Vaibhav Suryavanshi to lead India U19 in South Africa tour, Ayush Mhatre named captain for U19 World Cup 2026

Here’s how fans reacted:

India U-19 to put a massive score against South Africa U-19 in the ongoing Youth ODI

India U-19s racked up a commanding 306/4 in 40 overs at a blistering run rate of 7.65, thanks to George’s elegant 118 off 106 (16 fours) before his dismissal by Jason Rowles, and solid contributions from Vedant Trivedi (34 off 42) and keeper Abhigyan Kundu (15 not out).

The innings flowed seamlessly after the mammoth opening partnership, George perished at 279 in 34.5 overs, followed by Trivedi at 294 (38.2 ov) and a brief hiccup with Harvansh Pangalia‘s run-out at 298 (39.2 ov), but RS Ambrish (2 not out) steadied the ship amid the last 5 overs yielding 30 runs for 2 wickets. South Africa’s bowlers toiled without much success Basson leaked 54 in 5 overs, while Daniel Bosman was the most economical at 5.00—highlighting India’s batting depth ahead of the ICC U-19 World Cup. This performance cements Suryavanshi’s reputation as a generational talent, blending fearless power-hitting with tactical acumen.

Also READ: England announces squad for U19 World Cup 2026, Thomas Rew to lead





Source link

‘Why don’t you look at your own region?’: Jaishankar slams West’s ‘free advice’ on Op Sindoor; what he said | India News


'Why don't you look at your own region?': Jaishankar slams West's 'free advice' on Op Sindoor; what he said

NEW DELHI: External affairs minister S Jaishankar on Wednesday took a dig at the western hypocrisy during India’s military response under Operation Sindoor, declaring India does not need the West’s free advice. “Why don’t you look at your own region for levels of violence?” he remarked.Speaking to members of the Indian community in Luxembourg, Jaishankar recalled that several nations offered unsolicited advice to the country during Operation Sindoor, India’s military response launched in May 2025 after the Pahalgam terror attack that killed 26 civilians.“Sometimes you hear people say, like it happened during Operation Sindoor. Now if you ask them, say, “oh really you’re worried, why don’t you look at your own region? And ask yourself, what are the levels of violence there.”“How much risks have been taken, how much worry the rest of us have about what you are doing. But that’s the nature of the world. People, what they say is not what they do,” he added.Jaishankar further underlined that India will engage differently with different actors. “So those who are willing to work with us and be helpful, positive, we have to deal with them in that way,” he said, adding “those who do the kind of things which Pakistan does, we have to deal with it in a different way.”Jaishankar also took a jibe on how the western countries often advise others on handling their internal or regional conflicts, suggesting such commentary is frequently detached from ground realities and offered without much thought.“Now, to what extent do the developments in the rest of the world affect it? It’s hard to say. People sitting far away will say things, sometimes with application of mind, sometimes not, sometimes with self-interest, sometimes carelessly. That will happen.”“I can tell you, whatever you might say, in this day and age, countries are more, I don’t want to say they become more selfish, but they will do things only if it is of direct benefit to them. They’ll offer you free advice. If something happens, say, no, please don’t do that. It worries us if there is tension,” he added.US President Donald Trump had repeatedly claimed that Washington mediated the May 2025 India-Pakistan ceasefire, an assertion India has rejected. New Delhi has maintained that the military pause followed a request from Pakistan’s Director General of Military Operations to his Indian counterpart, not third-party intervention.Further on the Venezuela crisis, Jaishankar said India’s primary concern is the safety of the people following US military operations there.“We are concerned about the developments, but we would really urge all the parties involved to now sit down and come to a position which is in the interest of the well-being and safety of the people of Venezuela, because at the end of the day, that is our concern,” Jaishankar said.“We would want Venezuela as a country with whom, over many, many years, we’ve had very good relations. So we would like the people to come out well, whatever the direction of events,” he added.His remarks came after Venezuelan President Nicolás Maduro and his wife, Cilia Flores, were captured in Caracas and flown out of the country during a joint operation involving intelligence agencies and US law enforcement.



Source link

MF outreach push: Sebi extends deadline for distributor incentives; rollout now from March 1


MF outreach push: Sebi extends deadline for distributor incentives; rollout now from March 1

Markets regulator Sebi has extended the timeline for implementing an additional incentive structure for mutual fund distributors to March 1, allowing more time for asset management companies to put systems in place, according to a circular issued on Wednesday.The revised framework, aimed at encouraging onboarding of new individual investors from B-30 cities and new women investors across all cities, was earlier scheduled to come into effect from February 1, 2026. B-30 cities refer to locations beyond the top 30 cities under the mutual fund industry’s classification, PTI reported.Sebi said the decision to defer implementation followed feedback from the industry, which flagged operational challenges in ensuring a smooth rollout of the new incentive mechanism.Under the revised framework, distributors will be eligible for an additional commission of 1 per cent on the first lump-sum investment or the first-year systematic investment plan (SIP) amount, capped at Rs 2,000, provided the investor remains invested for at least one year. This incentive will be paid over and above existing trail commissions and will be funded from the 2 basis points already earmarked by AMCs for investor education.However, the regulator has specified that no dual incentives will be allowed for the same woman investor from B-30 cities. The additional commission will also not apply to exchange-traded funds (ETFs), certain fund-of-funds schemes, and very short-duration products such as overnight, liquid, ultra-short and low-duration funds.“The mutual fund distributors shall be eligible for additional commission (for bringing) — new individual investors (new PAN) from B-30 cities, at the mutual fund industry level; and new women individual investors (new PAN) from both top 30 and B-30 cities,” Sebi said.Earlier, Sebi had put in place a framework to incentivise distributors for mobilising investments from beyond the top 30 cities. However, citing concerns over possible misuse and based on industry feedback, the regulator decided to revise the incentive structure to better align it with the objective of expanding the investor base while ensuring safeguards.



Source link

‘Will not play matches in India, but ready to …’: BCB director warns ICC after Mustafizur Rahman controversy | Cricket News


'Will not play matches in India, but ready to ...': BCB director warns ICC after Mustafizur Rahman controversy
Mustafizur Rahman (PTI Photo)

NEW DELHI: The Bangladesh Cricket Board (BCB) has sent a strong message to the ICC following the Mustafizur Rahman controversy. BCB director Asif Akbar has made it clear that Bangladesh will not play matches in India unless their concerns are addressed. Speaking to the media, Akbar said the board has no flexibility left on this issue. The decision comes after Mustafizur Rahman was removed from the IPL on instructions from the BCCI.

Bangladesh seek T20 WC match shift from India after Mustafizur Rahman’s IPL exit

“We have already made our position clear. We have no second option. After the Mustafizur incident, we are concerned about the safety of our cricketers. Taking everything into consideration, we have decided not to play matches on Indian soil. We are ready to play in Sri Lanka,” Asif said.He also confirmed that the ICC has been officially informed about Bangladesh’s stand, adding, “The ICC has been informed of our concerns and our position. After hearing their response, we will decide our next steps.”Tensions between India and Bangladesh have increased since Mustafizur’s IPL exit. In response, the BCB submitted a written request to the ICC, asking for Bangladesh’s four T20 World Cup matches to be shifted from India to co-host Sri Lanka.On Wednesday, the BCB released a statement saying that the ICC has responded positively to their concerns. According to the board, the ICC has shown interest in working together to ensure Bangladesh’s participation in the tournament.“The Bangladesh Cricket Board has received response from the ICC regarding the Board’s expressed concerns over the safety and security of the Bangladesh National Cricket Team in India for the ICC T20 World Cup, including the request for relocation of the team’s matches,” the BCB said.The statement added: “In its communication, the ICC has reiterated its commitment to ensuring the full and uninterrupted participation of the Bangladesh team in the tournament.”The BCB also shared that the ICC is open to listening to their inputs.“The ICC has conveyed its willingness to work closely with the BCB to address the concerns raised and has assured that the Board’s inputs will be welcomed and duly considered as part of the detailed security planning for the event,” it added.The T20 World Cup is set to begin on February 7. Bangladesh are scheduled to play four matches in Kolkata and Mumbai, but their participation in India now remains uncertain.



Source link