Ø Seven militants and a policeman were killed in two separate
encounters on Sunday in Baramulla and Poonch districts of Jammu and Kashmir.
Ø China and Russia will hold joint naval exercises in the South
China Sea (SCS), sending a calibrated message to the United States and its
allies that Beijing has a powerful partner in waters riven by rival territorial
claims. The show of strength will be showcased during the eight-day Navy drill
in the South China Sea off southern China’s Guangdong Province.
Ø State-owned banks looking forward to the next round of capital
infusion will need to fulfil a new set of criteria, including credit recovery,
as the Finance Ministry has revised the recapitalisation norms. The
second tranche of capital allocation for the current fiscal would be based on
cost of operations as well as recovery and quality of credit on the basis of
risk weighted assets, sources said. Only those lenders that fulfil the
criteria post third quarter (October-December) results of the current fiscal
will be eligible for the second round of funding.
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