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NSE and Government of Assam sign MOU to skill youth in BFSI sector at Advantage Assam 2.0

By
Jeewan Dahal
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0
" NSE and Government of Assam sign MOU"

National Stock Exchange (NSE), India’s leading stock exchange and the Government of Assam signed a Memorandum of Understanding (MoU) to implement a student skilling program for the youth of Assam in the Banking, Financial Services and Insurance (BFSI) sector at the Advantage Assam 2.0 Summit. Assam is the 4th state after Uttarakhand, Meghalaya and Chhattisgarh to partner with NSE on skilling youth.

The MOU was exchanged between Shri Narayan Konwar, Secretary, Higher Education Department, Government of Assam and Shri Sriram Krishnan, Chief Business Development Officer, NSE, in the presence of Dr. Ranoj Pegu, Hon’ble Minister for Higher Education, School Education and Tribal Affairs, Government of Assam today at Guwahati, Assam. As part of this understanding, NSE with the support of the Government of Assam, shall implement a student skill building program to increase awareness, build skills and competencies in the BFSI across the State of Assam. This project will enhance employability and self-employment opportunities in the BFSI sector.

Skill development for enhancing employability and self-employment opportunities expounded in the country’s economic policies as well as the National Education Policy (2020) continues to be the mainstay of the Union Government. This program aligns with Assam government’s objective and aims to empower the youth of the state with essential skills and knowledge in the BFSI (Banking, Financial Services and Insurance) sector, bridging the skill gap and enhancing their employment opportunities for the future.

Dr. Ranoj Pegu, Hon’ble Minister for Higher Education, School Education and Tribal Affairs, Government of Assam said “By bringing together the expertise of India’s premier stock exchange with Assam’s dynamic youth, we are building the foundation for Assam to emerge as a key hub for BFSI operations in Northeast India. This collaboration aligns perfectly with our vision of making Assam the skills capital of India’s east. This is a strategic investment in both our youth and Assam’s economic future. True to the vision of our Chief Minister, Shri Himanta Biswa Sarma, we are committed to turning Assam’s demographic dividend into a powerful economic force. We are immensely glad that this collaboration has kicked off with our premier Advantage Assam 2.0 Investment and Infrastructure Summit.” Shri Sriram Krishnan, Chief Business Development Officer

(CBDO), NSE, said “Advantage Assam 2.0 Investment and Infrastructure Summit inaugurated by the Hon’ble Prime Minister Shri Narendra Modi and organized under the leadership of Shri Himanta Biswa Sharma, Hon’ble Chief Minister of Assam is testament to making Assam an industrial hub in India’s east and to stay steadfast in the path of development. NSE sees tremendous potential in the Northeast region and believes in contributing to the mission of the Government of Assam. We believe this collaboration will certainly enable in building financial sector capabilities in Assam’s youth. The state’s strategic location makes it an ideal partner for creating a new pool of BFSI talent.”

Assam has been a rising force in India’s investment landscape, with over 24.6 lakh registered investors. 29.8% of investors registered in Assam are female which is the 5th highest female participation across all states in India. Investor growth in the state tripled from 0.7% in 2019 to 2.3% in 2024. NSE seeks to enable this growth by ensuring education, awareness, trust, transparency and protection in the securities market.

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2024. NSE is ranked 2nd in the world in equity segment by number of trades (electronic order book) in 2024, as per the statistics maintained by World Federation of Exchanges (WFE).

CM PS Golay Extends Wishes on the 30th Foundation Day of Akhil Sikkim Khas Chettri Bahun Kalyan Sangh

By
Jeewan Dahal
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0
" CM Golay Expresses Gratitude"

On the auspicious occasion of the 30th Foundation Day of the Akhil Sikkim Khas Chettri Bahun Kalyan Sangh, Chief Minister Prem Singh Tamang (PS Golay) extended his heartfelt greetings and best wishes to all members of the esteemed Khas community.

Marking three decades of unwavering dedication, unity, and progress, CM Golay acknowledged the Sangh’s significant contributions to the welfare of the community. He emphasized that the grand celebration after 30 years is a testament to the enduring spirit, cultural heritage, and collective achievements of the Khas community in Sikkim.

“May this special occasion inspire renewed enthusiasm and solidarity among us all,” he said, extending his best wishes for the success and prosperity of the event and the community in the years ahead.

The Akhil Sikkim Khas Chettri Bahun Kalyan Sangh has played a pivotal role in preserving cultural values, promoting social welfare, and fostering unity within the community. As they celebrate this landmark occasion, the event is expected to bring together various stakeholders, leaders, and well-wishers to honor the journey and achievements of the past three decades.

The three-day Chief Minister Jan Bhet Karyakaram concluded today in the Rhenock Constituency

By
Jeewan Dahal
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0
"CM's Rhenock Public Meet"

Government Initiatives in Focus as Chief Minister Engages with Public at Jan Bhet Karyakaram

The three-day Chief Minister Jan Bhet Karyakaram concluded today in the Rhenock Constituency.

The Chief Minister was joined by esteemed dignitaries, legislators, and district officials from various departments. Their presence contributed to a comprehensive understanding of several government initiatives, including healthcare programs, educational reforms, and welfare schemes aimed at uplifting the community.

Moreover, the programme witnessed significant engagement from attendees representing diverse regions, who interacted with the Chief Minister, voicing their grievances, requests, and concerns.

Throughout the tour, the Chief Minister offered guidance, support, and assistance to attendees, addressing their needs and fostering a sense of community participation.

As part of this initiative, he dedicated time to engage in discussions with elderly individuals, patients, and students encountering various challenges, providing practical solutions through resources, financial support, guidance, and encouragement to empower them.

Furthermore, attendees conveyed their satisfaction and commended the government’s effort to bridge the gap between the administration and the public.

The Chief Minister underscored the necessity of maintaining continuous dialogue to ensure that the voices of the populace are acknowledged and addressed.

Report from DIO Pakyong

Fraudulent Loan of Rs. 16.7 Lakh Secured in Gangtok; Investigation Underway

By
Jeewan Dahal
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0
Fraudulent Loan of Rs. 16.7 Lakh Secured in Gangtok

An FIR was filed on 24th February 2025 by a man resident of Sakyong Dokyong, Kalimpong District, West Bengal, working in Gangtok. He has accused one MK Subba a resident of Mangan, Sikkim, of committing fraud by obtaining a personal loan from Bajaj Finance Limited using fake documents and impersonation.

According to the complaint, Subba allegedly visited the Bajaj Finance branch at 6th Mile, Tadong, on 10th September 2024, and successfully secured a loan amounting to Rs. 16,71,627/-. However, after Subba failed to make timely EMI payments, an inquiry revealed that all the submitted documents were fraudulent. It was discovered that Subba had falsely represented himself as an employee of the Sikkim National Transport (SNT), a government body.

Despite being confronted with the evidence, Subba denied the allegations and refused to acknowledge the use of fake documents. The FIR also indicates that there may be other individuals involved in this fraudulent activity.

In response to the complaint, a case (FIR No. 09/2025) has been registered at Ranipool Police Station under sections 61(2), 318(2)(4), 319(2), and 336(3) of the BNS, 2023. The investigation is currently ongoing, with witnesses being questioned and their statements recorded. Authorities have assured that all necessary legal procedures are being followed, and the case remains under active investigation.

88 Year Old Woman Found Dead in Jungle in Sikkim

By
Jeewan Dahal
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0
"Woman Found Dead in Jungle in Sikkim"

A 88-year-old woman, Bishnu Maya Tamang, was found dead in a jungle near her village, Pabong, Temi approximately 1.5 kilometers away, after being reported missing on 15th February. The incident was confirmed by an FIR filed by her brother, Dup Tshering Tamang, who expressed concern over her mental health, as she had a history of wandering off without informing anyone.

The woman, who resided in Pabong, had been mentally unsound, which led to her previous disappearances. Authorities have completed the necessary formalities, and investigations are ongoing to determine the exact cause of death.

Priest Arrested for Alleged Molestation in Pakyong District

By
Jeewan Dahal
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0
" Priest Arrested for Alleged Molestation"

An incident has come to light in Rhenock, Pakyong District, where a 16-year-old girl has accused the temple priest of molestation. According to the FIR filed by the victim, the incident occurred on February 24, 2025, at around 7:00 am, when she visited the local temple to offer prayers.

The victim alleged that while she was pouring milk on the Shivalinga, the priest instructed her to pour water from a kettle, and while she was doing so, he grabbed her from behind and touched her inappropriately. The minor victim felt uneasy and quickly left the temple, later narrating the incident to her mother.

The police have taken swift action, arresting the accused priest and completing all legal formalities. The case is currently under investigation under sections 7 and 8 of the POCSO Act 2012.

13-Year-Old Dies by Suicide in North Sikkim

By
Jeewan Dahal
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0
"13-Year-Old Dies by Suicide in North Sikkim"

13-Year-Old Dies by Suicide in Pakshep, Mangan; Police Investigating

In Pakshep, Mangan, a 13-year-old has tragically died by suicide. Authorities have initiated an investigation into the circumstances surrounding the young life lost, although no foul play is suspected at this time.

Just one day prior, a similar tragedy unfolded in Namchi, where a 13-year-old girl was found dead at her residence. Her family discovered her lifeless upon returning home, and it is believed she had been struggling with personal issues. Police have begun their inquiry into the matter.

Both cases highlight the urgent need for increased attention to children’s emotional well-being.

Two arrested in MG Marg theft case, stolen items recovered

By
Jeewan Dahal
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0
" Two arrested in MG Marg theft case,"

Sadar Police Station has made a breakthrough in the theft case reported at Life Line Medico Shop, MG Marg, on February 15, 2025 (Case No. 23/2025). Two suspects linked to the incident have been identified and arrested, and the stolen items have been successfully recovered.

The case, registered under Sections 331(3) and 305(a) of the Bharatiya Nyaya Sanhita (BNS) 2023, has been progressing under the supervision of Investigating Officer Inspector Ongchyo Bhutia, with crucial support from the Plain Cloth Duty Personnel. Authorities have assured that the necessary legal procedures are underway.

Man Found Dead in Hotel Room at Ranipool, Police Investigating

By
Jeewan Dahal
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0
" Man Found Dead in Hotel Room"

A man was found dead under mysterious circumstances in a hotel room at Travellers Inn, Ranipool, on Saturday morning. The deceased has been identified as Amar Gurung (32), son of Sudesh Gurung, a resident of Phoobsering, Darjeeling, West Bengal.

According to the police report, hotel owner Bibhusan Basnett, son of Bharat Basnett, a resident of Ranipool Bazar, Gangtok District, lodged a written FIR at Ranipool Police Station at around 10:30 AM on February 22. The report stated that Amar Gurung had checked into the hotel on February 18 at 10:01 AM. On the morning of February 22, the hotel manager reminded him about checkout, but there was no response from his room.

When the housekeeping staff arrived at Room No. 106, they found the door locked from inside. After multiple attempts to get a response failed, the hotel owner, Bibhusan Basnett, peered through the ventilation window and saw the guest lying on the floor in a hanging state. Sensing the seriousness of the situation, Basnett entered the room through a window and confirmed that the guest was hanging dead.

Following the FIR, Ranipool Police registered an Unnatural Death (UD) case, FIR No. 02/2025, dated 22/02/2025, under Section 194 of BNSS, 2023, and initiated an investigation. The police visited the place of occurrence (PO), took photographs, and recorded statements under Section 180 of BNSS, 2023. The inquest was conducted by SDM Gangtok in the presence of the legal guardian and witnesses.

The body of the deceased has been preserved at New STNM Hospital, Sochakgang, for post-mortem examination. So far, no foul play has been detected. The case is currently under investigation.

Sikkim Govt Sells SUL’s 60.8% Stake to Greenko to Avoid Debt Trap

By
the sikkim today
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0
"Greenko Acquires Sikkim Urja"

On February 2, the Sikkim government decided to divest its entire 60.8% stake in Sikkim Urja Ltd (SUL), the company that owns the Teesta III hydropower project, to Greenko Energies Pvt. Ltd. This decision, aimed at averting a debt trap, was confirmed by Chief Minister Prem Singh Tamang. The state government’s move comes after it took a substantial loan of Rs. 3,500 crore under the previous Sikkim Democratic Front (SDF) regime for the Teesta III project.

CM PS Tamang justified the sale, explaining that the divestment would clear the state’s debts, making Sikkim debt-free. The loan liabilities were transferred to Greenko, which agreed to take over the remaining Rs. 2,895.46 crore loan from Power Finance Corporation and Rs. 184.28 crore owed to Sikkim Bank Ltd. The transaction was finalized on February 5 when the Chief Minister declared that the state had now fully cleared its debts.

However, the decision comes at a time when SUL is in a strong financial position. The company, which had recorded a net profit of Rs. 1,270.19 crore in FY 2022-23, was not loss-making. Despite facing dues of approximately Rs. 3,500 crore from power distribution companies in Punjab and Haryana, the company’s balance sheets showed resilience. Its total outstanding debt stood at Rs. 7,897.73 crore, split between Power Finance Corporation (Rs. 3,954.76 crore) and REC Ltd (Rs. 3,942.97 crore).

Greenko had shown interest in acquiring the state’s stake even during the financially difficult year of 2020-21 when SUL posted losses. The fast-tracking of Rs. 3,500 crore owed by the distribution companies was recommended by the Union Ministry of Power in December 2023 to aid SUL’s revival. This strategic move aims to reduce the state’s financial burden and ensure the continuity of the project under private management.

However, the decision has sparked political debate. The Bharatiya Janata Party (BJP), a partner of the Sikkim Krantikari Morcha (SKM) in both the state and central governments, expressed concerns over the sale. On February 2, D.R. Thapa, President of the BJP’s Sikkim unit, wrote a letter to the Prime Minister, urging the Union government to withhold approval for the reconstruction of the Teesta III dam. Thapa emphasized the need for comprehensive studies and public consultations before proceeding with the project, citing environmental and disaster resilience concerns.

This development underscores the ongoing tensions and differing priorities among political parties in Sikkim regarding the future of the Teesta III hydropower project.

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