Samjhauta Express leaves Lahore station for Delhi after Pak restores service : Podcast: Business Today
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Samjhauta Express leaves Lahore station for Delhi after Pak restores service

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March 5, 2019

Samjhauta Express leaves Lahore station for Delhi after Pakistan restores service
Pakistan on Monday restored the Samjhauta Express services between Lahore and Delhi, days after the train was suspended due to tense bilateral ties in the wake of the Pulwama terror attack and the subsequent aerial engagement between the air forces of the two countries. The train service was started on July 22, 1976 under the Shimla Agreement that settled the 1971 war between the two nations.

Wing Commander Abhinandan needs to be medically fit before he flies again, says Indian Air Force
Wing Commander Abhinandan Varthaman, who returned to India last week after being held in captivity for two days in Pakistan, will need to be medically fit before he flies a fighter jet again, Air Chief Marshal BS Dhanoa has said. He said that if the pilot is declared fit, he could go back immediately.

SEBI seeks amendment in Companies Act after Vijay Mallya case
Capital markets regulator SEBI has asked the government to amend the Companies Act to ensure that a director declared by it as a disqualified person should immediately vacate the position, a plea triggered by defaulter businessman Vijay Mallya's reluctance to do so. Officials said the Finance Ministry is in agreement with SEBI on the proposed amendment and has asked the regulator to get it approved by its board and subsequently forward it to the Corporate Affairs Ministry.

PM Modi inaugurates phase one of Ahmedabad Metro, takes a ride
Prime Minister Narendra Modi inaugurated a 6.5-km stretch of phase one of the Ahmedabad Metro train service on Monday. After inaugurating the 6.5 km stretch, connecting Vastral to Apparel park area here, Modi also took a ride on the metro. The first phase of the project costs around Rs 10,773 crore, for which Japan has extended a soft loan of Rs 6,066 crore to the Indian government.

RBI slaps Rs 4 crore fine on Karnataka Bank for regulatory violations
Private sector Karnataka Bank on Monday said the RBI has slapped a fine of Rs 4 crore on the bank for violating regulatory norms. The penalty was for delayed implementation of four of the Swift related operational controls.

Govt allows IDBI Bank to handle import, export transactions with Iran
The IDBI Bank has received government nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf nation, industry sources said. US President Donald Trump had in May last year withdrawn from the 2015 nuclear accord with Iran, re-imposing economic sanctions against the Persian Gulf nation.