Latest news with #Rs20
Hans India
8 hours ago
- Hans India
Man duped of Rs 5 lakh in fake gold coin scam, suspect absconding
Davangere: A man from Tumakuru district was allegedly duped of Rs5 lakh by a fraudster who promised to sell him antique gold coins at a throwaway price. The incident came to light in Kurki village of Davangere taluk, where the victim, Ranganath of Chimpuganahalli in Koratagere taluk, fell prey to a well-planned scam. According to the complaint, Ranganath had come into contact with the accused, identified as Suresh from Hubballi, about a year ago during a visit to the Mahalakshmi temple in Goravanahalli. The two exchanged phone numbers and kept in occasional touch. About a week ago, Suresh allegedly contacted Ranganath and claimed that a stash of antique gold coins had been found while demolishing his ancestral house. He told Ranganath that he was in urgent need of money and would offer the coins at a highly discounted price, provided Ranganath kept the deal confidential. To gain trust, Suresh initially handed over one genuine gold coin to Ranganath, which the latter tested and found to be real. Believing the story, Ranganath expressed interest in buying more. Suresh then quoted a price of Rs20 lakh per kilogram, to which Ranganath said he could afford only Rs5 lakh and requested 250 grams worth of coins. The two agreed to meet near Kurki village in Davangere on Tuesday. Suresh handed over what he claimed were 250 grams of gold coins and collected Rs5 lakh in cash. However, after testing the coins, Ranganath discovered they were fake. Realizing he had been duped, Ranganath rushed to the Hadadi Police Station and lodged a complaint. A case has been registered, and police have launched an investigation to trace and apprehend the accused, who is currently absconding.
Time of India
a day ago
- Business
- Time of India
Maha govt approves construction of 500 new gram panchayat buildings
Nagpur: The Maharashtra govt has sanctioned the construction of 500 new Gram Panchayat office buildings under the Revised Rashtriya Gram Swaraj Abhiyan (RGSA) for the financial year 2025–26, with a total budget outlay of Rs324.28 crore. Tired of too many ads? go ad free now Of these, 127 buildings will be constructed in Vidarbha, reflecting a significant push to strengthen rural governance infrastructure in the region. The approvals include 73 buildings in the Amravati Division (covering Amravati, Akola, Yavatmal, Buldhana, and Washim) and 54 in the Nagpur Division (including Nagpur, Bhandara, Gondia, Chandrapur, Gadchiroli, and Wardha), giving Vidarbha one of the largest regional shares under the scheme. The state's decision follows the approval of the annual action plan by the Central Empowered Committee (CEC) in May 2025. The initiative aims to strengthen rural governance by creating proper administrative infrastructure in villages where existing Gram Panchayat buildings are either unavailable, unsafe, or in a dilapidated condition. The scheme mandates that selected villages must have a population of over 3,000 and lack a viable panchayat building or operate from structurally compromised premises, as per a GR dated July 18. Under the funding structure, 60% of the cost will be borne by the central govt and 40% by the state. Each approved panchayat will receive Rs25 lakh — Rs20 lakh for the construction of the office building and Rs5 lakh for an adjoining Citizen Service Centre (CSC room), which will house digital and public utility services. The state govt has directed the respective Zilla Parishads and district administrations to begin construction immediately after land and legal clearances. Tired of too many ads? go ad free now Locations must be free of legal disputes and under full ownership of the Gram Panchayat. The directive also stresses the importance of transparency, mandating standardised building plans, cost boards, and completion monitoring at the district level. The RGSA, first launched as a restructuring of the Rajiv Gandhi Panchayat Sashaktikaran Abhiyan, aims to build institutional capacity at the grassroots and strengthen decentralised governance. With this phase of approvals, Maharashtra hopes to accelerate rural development by creating functional spaces for panchayat operations, grievance redressal, and citizen outreach. The scheme will be monitored by the Directorate of Panchayati Raj, Pune, which will oversee fund disbursal and ensure timely completion of the works through regular field reports.
Time of India
2 days ago
- Time of India
Police nab 2, recover goods worth Rs3 lakh
Nashik: The Nashik Road police have arrested two people and recovered stolen goods worth Rs3 lakh linked to two separate thefts, including one at the home of a 72-year-old retired judge. The suspects have been identified as Joy alias Bhurya Vijay Nanaji and Chetan Kailas Sonawane — both residents of the Sharanpur slum in Nashik city. The police have confiscated Rs20,000, a silver brick weighing over one kilogram worth Rs1 lakh, melted gold valued at Rs1.5 lakh, and a cellphone worth Rs30,000. The retired judge had filed a complaint with Nashik Road police on June 16. In his complaint, the judge stated that unknown individuals had entered his locked residence in Chehedi Pumping (Nashik Road) between June 5 and June 10, decamping with various items. While the police were investigating, they received information that the suspects were coming to Sinnar Phata on Sunday. They laid a trap and nabbed the duo.
Express Tribune
3 days ago
- Express Tribune
Three 'TTP terrorists' killed in Karachi
In a joint operation, the Counter-Terrorism Department (CTD) and intelligence agencies killed three suspected terrorists affiliated with the banned Tehreek-e-Taliban Pakistan (TTP) in Karachi's Manghopir area late on Sunday night. The CTD identified two of the slain terrorists as Zafran and Qudratullah, while the third terrorist's identity is yet to be confirmed. Zafran, who carried a Rs20 million bounty, was allegedly involved in the 2024 Liberty Textile attack, targeting Chinese nationals. The CTD chief said the three slain terrorists belonged to a TTP cell dispatched from Afghanistan. Intelligence officials had been surveilling the cell for several days.
Express Tribune
3 days ago
- Business
- Express Tribune
'Artificial control' keeps dollar overvalued by Rs20
The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to address the artificial control over currency exchange rate, asserting that the current dollar value is being kept deliberately high. Economic indicators suggest that fair value of the dollar should be around Rs260, it said. In a statement, PBF Chief Organiser Ahmad Jawad called on the premier to take immediate notice of the situation as a correction of even Rs20 in the rupee value could significantly reduce both public debt and inflation. He pointed out that historically Pakistan had failed to restore true value of the rupee after depreciation, which resulted in long-term instability. The forum noted that the current exchange rate of Rs283 to a dollar was unsustainable for the economy. "A meaningful economic relief can only be achieved if the rupee stabilises." Jawad pointed out that inflation, measured by the Consumer Price Index (CPI), had dropped to around 3%, making the current 11% interest rate unjustifiable. The PBF stressed that the upcoming monetary policy, scheduled for July 30, should bring the interest rate down to at least 9%. It added that the government was paying 11% interest on domestic debt totalling Rs50 trillion, which was 5-6% higher than the current inflation rate. "This discrepancy imposes an annual burden of approximately Rs3 trillion on the national exchequer, which can otherwise be used for public welfare and infrastructure development." Lower interest rates would also boost Pakistan's export potential in global markets, the forum stated, adding that the IMF itself recommended that interest rates be kept closer to the prevailing inflation rate. The PBF underlined the need for diversifying Pakistan's export base beyond textile and advocated the search for new industries and markets. Additionally, the State Bank of Pakistan should ensure access to credit for the business community in Balochistan in the upcoming monetary policy. Jawad concluded his remarks through expressing concern over growing frustration among the business community due to the lack of attention to challenges faced by the productive sectors. He expressed hope that the Monetary Policy Committee would adopt a growth-friendly and pragmatic approach in its upcoming meeting.
