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World in brief - February 25, 2021

ITALY: The organised crime unit says the mafia are exploiting the pandemic to take over failing businesses with the proceeds of drug-trafficking. They are also poised to get access to billions in EU recovery funds, Anti-Mafia Investigation Directorate chief Maurizio Vallone lamented. Mobsters are buying up restaurants, cafes and small businesses and big players like the Neapolitan Camorra are expanding their reach north, he warned. INDIA: The coastguard said today it had picked up a boat in the Andaman Sea carrying 82 surviving Rohingya refugees and eight who had died. The boat left Bangladesh’s Cox’s Bazar on February 11. Its engine failed 10 days ago, India’s External Affairs Ministry spokesman Anura Srivastava said.

UK court orders Nirav Modi s extradition to India, says he conspired to destroy evidence

London, Feb 25: Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. The 49-year-old appeared via videolink from Wandsworth Prison in south-west London and showed no emotion as District Judge Samuel Goozee handed down his judgment at Westminster Magistrates’ Court in London.

Exim Bank extends $100 mn loan to Mauritius on behalf of India

Exim Bank on Wednesday said it has extended USD 100 million loan to Mauritius on behalf of India for defense-related procurements. Export-Import Bank of India (Exim Bank), on behalf of the Government of India, has extended a line of credit (LOC) of USD 100 million to the Government of the Republic of Mauritius for the purpose of financing procurement of defense items from India, Exim Bank said in a release. The LOC agreement for this was signed on February 19, 2021, through exchange between Renganaden Padayachy, Minister of Finance, Economic Planning and Development, Mauritius and Gaurav Singh Bhandari, Chief General Manager, Exim Bank. With the signing of this loan agreement, Exim Bank till date has extended six LOCs to Mauritius, on behalf of India, taking the total value of LOCs extended to USD 764.80 million.

UN thanks India for offering 200,000 COVID vaccine for UN Peacekeepers-537321

UN thanks India for offering 200,000 COVID vaccine for UN Peacekeepers Sun Online Desk 22nd February, 2021 07:39:38 Appreciating India’s response to fighting covid-19 pandemic, the United Nations on Saturday thanked India for offering 200,000 COVID vaccine doses for UN Peacekeepers. “India has been a global leader in pandemic response efforts. Appreciate efforts to strengthen COVAX Facility for ensuring equitable access to vaccines,” TS Tirumurti, India’s Permanent Representative to UN, quoted UN Secretary-General Antonio Guterres as saying. Guterres also thanked External Affairs Minister S Jaishankar for offering 200,000 COVID vaccine doses for UN Peacekeepers. According to the Indian Ministry of External Affairs (MEA), India has supplied a total of 229.7 lakh doses of coronavirus vaccine to the global community as of last week.

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