Latest news with #Nagaraju
The Hindu
3 days ago
- Sport
- The Hindu
VDCA team wins ACA U-16 North Zone inter district tournament
The cricket team of Visakhapatnam District Cricket Association (VDCA) team has won the Andhra Cricket Association (ACA) North Zone Under-16 Inter District Tournament 2025-26, held at the Steel Plant Ukku Stadium. The Vizag team played three test matches against East Godavari, Vizianagaram, and Srikakulam districts, winning two matches and finishing at the top of the table with 16 points. The team was lead by Captain Vinod, with team coach P. Nagaraju guiding the players throughout the tournament.
News18
6 days ago
- Politics
- News18
Maoist couple surrenders before Andhra Pradesh DGP
Last Updated: Amaravati, Jul 26 (PTI) A Maoist couple – J Nagaraju and M Jyothiswari – surrendered before Andhra Pradesh DGP Harish Kumar Gupta on Saturday, officials said. Police said Nagaraju, who is also known as Kamlesh, had been a Maoist for about 34 years and last worked as the in-charge of East Bastar Division committee and was also a part of the Dandakaranya Special Zonal committee, said an official press release. 'J Nagaraju, a senior Maoist who had worked in the Maoist party for about 34 years and his wife M Jyothiswari surrendered," said Gupta, addressing a press conference. According to the DGP, the couple was disenchanted with the failures of the Maoist Party and its central committee's policies. Gupta noted that Nagaraju and Jyothiswari had played a key role as Maoists in Chhattisgarh and added that Nagaraju carried a bounty of Rs 20 lakh and Jyothiswari Rs 5 lakh. As instant relief for the surrendered couple, the DGP said a cheque of Rs 20,000 each has been handed over to them. Further, Gupta said, Alluri Sitaramaraju district police confiscated a weapons dump based on specific intelligence. PTI STH ADB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
6 days ago
- Politics
- The Hindu
Maoist SZCM, East Bastar division in-charge Nagaraju, his wife Aruna surrendered before DGP Harish Kumar Gupta
CPI (Maoist) East Bastar divisional committee in-charge and State zonal committee member (SZCM) Jorige Nagaraju alias Kamalesh and his wife Medaka Jyoteeswari alias Aruna, divisional committee member surrendered before Director General of Police (DGP) Harish Kumar Gupta in Vijayawada on Saturday (July 26, 2025). Nagaraju, a native of Poranki village, Krishna district, served in various cadres in the banned Maoist party for 34 years and carries a reward of ₹20 lakh on his head. His wife Aruna, who hails from Kappaladoddi village in Krishna district, worked in various cadres in the party for 30 years. 'Government announced a reward of ₹5 lakh on her head,' the DGP said at a press conference. CPI (Maoist) | The 'armed struggle' that goes nowhere While pursuing ITI, Nagaraju joined in Radical Students Union (RSU) in 1991 and joined in then People's War Group (PWG). He worked as assistant and courier to party central committee member, late Akkiraju Haragopal alias R.K. He worked in Dachepalli and Bollapalli dalams of Guntur Divisional Committee (DVC), Krishnapatti dalam, Dandakaranya area and North Bastar DVC. He was involved in several cases and Exchange of Fires (EoFs) in Andhra Pradesh and Chhattisgarh, killed one police constable and had played a key role in the attack on Addanki police station. In 1997, Nagaraju married Aruna, while she was working as member in Chandravanka dalam in Guntur DVC. The DGP said Aruna studied up to tenth class in Pedana, in Krishna district and joined the Maoist party. She worked in Bellamkonda, Dachepalli, Rachakonda dalams in various cadres and elevated to divisional committee member and was transferred to Bastar. She was the in-charge of Mobile Academic Political Organisation School (MAPOS). 'Due to lack of public support, poor recruitments, death of senior cadres in Maoist party, disillusionment with the party ideology, he had decided to surrender and avail the benefits of the Surrender and Rehabilitation Policy,' the couple surrendered and decided to join the main stream Mr. Harish Kumar Gupta said. 'On specific information, the Alluri Sitarama Raju (ASR) district police unearthed three Maoist armed dumps in Mampa, Madugukota and Tangedukota forests from July 23 to 25 and seized one AK-47, five SLRs, two INSAS rifles, five 303 rifles, two BGL weapons, one pistol, 16 BGL shells and 20 cartridges, 15 detonators, eight walkies, huge quantity of ammunition, a telescope and other material,' the DGP explained. Additional DGP (Law and Order) N. Madhusudhan Reddy, IGP (Operations) Srikanth, IGP (Intelligence) P.H.D. Ramakrishna, Visakhapatnam Range DIG Gopinath Jatti, ASR district SP Amit Bardar and other officers participated. The DGP handed over cheques amounted to ₹22 lakh to 13 other surrendered Maoists on the occasion.
Hans India
6 days ago
- Business
- Hans India
Man apprehended in Rs 1.55 cr business loan fraud
Hyderabad: The Hyderabad City Cyber Crimes team has successfully apprehended an individual implicated in a business loan fraud case amounting to Rs 1.55 crore. Police arrested NagarajuDevu, 44, from Serilingampally, Rangareddy district. According to police, a complaint was lodged on February 19 by a 39-year-old business person from Hyderabad. The victim had been searching online for financial assistance for his company in June 2023 when he received a call from the accused, Nagaraju, who falsely claimed to be the owner of Finpair Solutions Private Limited, located in Mumbai, and allegedly offered to provide business loans. 'The victim was subsequently convinced to deposit money towards various fees to process his business loan. In total, the victim suffered a financial loss of Rs 1,55,00,000, paid in multiple transactions until November 2023. The victim had maintained the belief that his loan would be sanctioned imminently,' stated the Deputy Commissioner of Police, Cyber Crimes. The accused had created a fraudulent website with the URL and advertised on social media. They then contacted the victim, offered a business loan for his company, and collected money under the guise of various fee payments for processing the loan, thereby defrauding him. Cyber Crime officials advise citizens to be wary of fake advertisements on social media and other websites offering loans at unusually low interest rates. They urge the public to verify all such offers carefully and thoroughly before responding. Crucially, they stress not to send money to any account without physical verification of the offer. Victims of cybercrime fraud can immediately dial 1930 or
Indian Express
6 days ago
- Business
- Indian Express
Nagaraju asks banks to raise capital, lend more
Banks need to further step up lending to meet the economy's demanding growth requirements, and should not hesitate to explore multiple avenues to raise the capital needed, financial services secretary M Nagaraju said on Friday. He assured all necessary policy support to the lenders, and hinted at relaxations in the foreign direct investment (FDI) rules. Speaking to Financial Express Deputy Managing Editor Shobhana Subramanian at the FE Modern BFSI Summit here, Nagaraju said: 'We also actually need to look at reviewing the current FDI rules in the banking sector to enable Indian banks to raise more capital…more patient capital.' The FDI in private banks is currently capped at 74 per cent, whereas the limit is 20 per cent for public sector banks (PSBs); any single entity cannot hold more than 15 per cent in any Indian bank unless exemption is granted by the Reserve Bank of India (RBI). 'If foreign capital comes at a cheaper rate, I think we should welcome (it). Currently, it is 15 per cent (single entity cap), and if it can be more, the banks will be able to expand credit, that's the goal,' the DFS secretary said. He stressed the need to have sustained high growth in credit flows to the needy sectors of the economy, including MSMEs. As of June 27, 2025, credit offtake was up 9.5 per cent on year, lagging deposit growth of 10.1 per cent. Nagaraju's comments come at a time when the State Bank of India (SBI) has raised Rs 25,000 crore through qualified institutional placements (QIPs) to bolster its capital base, and other state-run banks among themselves are set to raise Rs 20,000 crore via this route in the current financial year. 'Credit growth is a little slower in this quarter, but we are expecting that it will pick up… we also want the banks to lend,' the official said. With large corporations flush with cash, credit growth is now largely directed at MSMEs, the secretary said. In March 2025, the aggregate capital adequacy ratio (CAR) of 46 major banks reached a record high of 17.2 per cent, but the credit flows haven't been exactly keeping pace with this, or the investment demand to the assisted via bank capital. With banks required to play a pivotal role in driving India's ambition of becoming a $30-trillion economy by 2047, he said bank credit to the private non-financial sector should reach around 130 per cent of the gross domestic product (GDP) from 56 per cent now. According to Nagaraju, banks and financial institutions need to explore and expand various avenues of raising capital, including conventional equity markets, issuance of Basel III-compliant AT1 bonds and tier 2 instruments. They could also explore innovative methods like tapping global financial hubs, green bonds, sustainability-linked loans and also foreign debt markets to fund domestic credit expansion. He also urged large incumbent banks to focus on capital conservation by reducing operational costs with the use of technology. Nagaraju said banks ought to reimagine deposit mobilisation and increase leverage and productivity, deepen digital and data capabilities, and build future-readiness in terms of ESG-resilience and governance. By advancing these strategic themes, Indian banks could actually transform themselves into stronger institutions, he said. 'Therefore, access to capital from all sources needs to be looked at and worked upon by all of us. We need multiple globally competitive large banks facilitating access to global funds, best talent and technical expertise,' he said. Currently, only two Indian banks — SBI and HDFC — are in the top 100 global banks by total assets, which is not enough, he said, drawing comparison to lenders in China and the US. On further consolidation of PSBs, he said the previous mergers have yielded good results. 'We would see that wherever the synergies are, we can always look at them (more PSB mergers).' Banks anchor inclusive growth by bringing the unbanked under formal financial systems, enabling millions through schemes like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, and more, he added.
