Latest news with #Rai
Hindustan Times
7 hours ago
- General
- Hindustan Times
Ayodhya Ram temple's main work to be completed by October, says temple trust
Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai on Friday said finishing touches are currently being given to the Ram temple in Ayodhya, marking a crucial stage in its construction. Talking to reporters, Rai confirmed that once this work is complete, all heavy machinery will be taken down. He said the "main work of the temple will be completed by October". Emphasising that public 'darshan' (viewing) should not be hindered, Rai highlighted the pending works crucial for the security of the temple complex. They include the construction of the boundary wall, which has not yet begun. He noted that these tasks, along with the construction of the auditorium, restrooms and the Trust office within the complex "may take another year to be completed". The construction of the Ram temple began after a historic Supreme Court judgment in 2019 on the Ram Janmabhoomi-Babri Masjid title suit. The Hindu litigants argued that the Babri mosque was constructed at the site of a temple marking the birthplace of Lord Ram. The consecration ceremony was held on January 22 last year.
The Hindu
a day ago
- The Hindu
MCEME Secunderabad confers B.Tech degrees on 20 officers
The Military College of Electronics and Mechanical Engineering (MCEME), Secunderabad, held its 107th convocation ceremony on Thursday, conferring Bachelor of Technology degrees on 20 officers of the Technical Entry Scheme Course - 43. The event was held at the MCEME Auditorium in Trimulgherry. Himanshu Rai, Director of the Indian Institute of Management (IIM), Indore, was the chief guest. In his convocation address, Mr. Rai underscored the importance of character, ethical leadership, and intellectual agility in both military and civilian life. He urged the young officers to lead with wisdom, courage and innovation, while also acknowledging the armed forces' swift and effective response during Operation Sindoor. Addressing the gathering, Lieutenant General Neeraj Varshney, Commandant of MCEME, commended the officers for their perseverance and dedication. He highlighted the growing role of emerging technologies like artificial intelligence, robotics, drones, machine learning, and unmanned systems in present and future warfare.
Economic Times
a day ago
- Business
- Economic Times
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
Time of India
a day ago
- Business
- Time of India
NaBFID plans debut overseas fund raise of up to $1 billion, official says
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's National Bank for Financing Infrastructure and Development is considering raising up to $1 billion in its debut overseas borrowing this fiscal year, as it looks to diversify funding sources, a senior official said on state-run infrastructure lender could raise funds through external commercial borrowings or dollar bonds, "depending on interest rate conditions", Managing Director Rajkiran Rai G said in an interview."We are looking to tap the overseas market... for the first time in FY26 simply to expand our borrowing sources."Indian Prime Minister Narendra Modi-led government has made infrastructure a cornerstone of its economic NaBFID, which started operations in fiscal year 2023, had sanctioned loans worth over 2 trillion rupees through March-end, and aims for loan sanctions of 1.2 trillion rupees by the end of this fiscal year, Rai lender funds infrastructure projects for long durations, with over 65%-70% of loans exceeding 15 firm, which lends at floating rates but borrows at fixed rates, has hedged about 70% of its bond borrowing using interest rate derivatives, Rai are primarily available for tenures of up to 10 years, limiting the feasibility of the firm issuing so-called ultra-long-term bonds, the official has borrowed around 80 billion rupees in the local bond market so far this fiscal and plans to raise another 350 billion rupees to 400 billion rupees before the fiscal year ends in March, according to fiscal, the firm borrowed 169 billion rupees through bonds, as per Reuters is working with multilateral institutions like the World Bank and Asian Development Bank to develop tools like credit enhancement for infrastructure bonds, Rai said. ($1 = 86.5040 Indian rupees)
Time of India
2 days ago
- Politics
- Time of India
HC relief to Nityanand Rai in poll code violation case
Patna: Patna high court quashed a seven-year-old criminal case against Union minister of state for home affairs Nityanand Rai , lodged at Narpatganj police station in Araria district for his alleged hate speech in violation of the model code of conduct. A single bench of justice Chandra Shekhar Jha, while allowing the petition of Rai, delivered the verdict on May 13, which, however, came into public domain on June 17 evening as the HC reopened after a month-long summer vacation. Rai, the then state head of the BJP , was accused of giving a hate speech against the RJD's Mohd Sarfaraz Alam in violation of the model code of conduct, while addressing a meeting on Narpatganj High School campus on March 9, 2018. Narpatganj police registered a case against Rai under relevant sections of the Indian Penal Code and Representation of the People Act, and submitted a charge sheet against him. On April 13, 2022, the court of chief judicial magistrate, Araria, took cognizance of the offences, which was challenged by Rai before the Patna high court. Rai's counsel Naresh Dikshit argued that nowhere in the FIR it has been alleged that his client had delivered any maligning word or speech directed against any religion, caste or community so as to hurt the sentiments of the members thereof. "Hence no ingredient of hate speech is available in the FIR itself. Moreover no direct complaint has been lodged by Alam," said the counsel.
