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Top News 18 May 2022: A horrific accident happened in Morbi, Gujarat. At least 12 workers were killed when a factory wall collapsed here. Several were seriously injured. The death toll could rise. The issue of oppression of 15 workers is coming up. Confirming the incident, Minister of State Brijesh Marja said that the government stood by the families of the victims and would extend all possible help. The accident took place at a salt factory at Halwad GIDC in Morbi. Top officials have reached the spot. Relief and rescue work continues. The cause of the collision is being investigated. Meanwhile, Prime Minister Narendra Modi has expressed regret over the incident. The government has announced financial assistance in rupees. 200,000 to the families of the deceased and Rs. 50,000 for the injured.
Top News May 18, 2022: Read other big news from the country and the world
Pirarivalan, the assassin of Rajiv Gandhi, was released after 31 years in prison.
Supreme Court orders release Pararivalan, assassin of former Prime Minister Rajiv Gandhi, has been in jail for 31 years and has been released at the request of the Tamil Nadu government. On March 9 this year, the Supreme Court granted bail to Pararivalin, regardless of the date of his indictment, after serving more than 30 years in prison and out on parole. The Supreme Court decision comes at a time when Pereiravlin’s mercy petition is pending between the governor and the president. Earlier in 2008, the Tamil Nadu cabinet had decided to release Pararivalan, but the governor referred the matter to the President, whose release has been pending since then.
All avenues for giving grants to new madrasas in UP are closed The Uttar Pradesh government has now closed all avenues for grants to new madrasas. In 2016, the Yogi government scrapped the then Akhilesh government’s policy of giving grants to madrasas. The cabinet meeting on Tuesday approved the proposal of the Minority Welfare Department. Based on this policy, the madrasa manager will approach the court for grant.
SBI raises interest rates on loans
For the second time in a month, the SBI has announced an increase in interest rates on loans. The country’s largest bank on Monday raised interest rates on all term loans by 0.1%. Earlier, the rate was also increased by 0.1%. Following this measure, the EMI of the loan associated with the Funded Debt Rate (MCLR) will increase. Following the Reserve Bank’s decision to raise the repo rate, many banks have taken steps to raise lending rates.
Jet Airways may be allowed to fly this week.
MUMBAI: Jet Airways may be allowed to fly again this week. The company’s Air Operator Certificate (AOC) could be re-certified soon, a DGCA official said. The company closed in April 2019 after the financial crisis. After the bankruptcy process is over, the company is preparing to fly again. The airline’s committee of creditors has approved a resolution plan for a consortium of UK-based Calrock Capital and UAE-based businessman Morari Lal Jalan.