Taliban head killed in Pak: Reports
NEW DELHI: Afghan Taliban leader Haibatullah Akhundzada was killed in a blast in Pakistan’s Balochistan province last year, a section of the Afghan media reported on Sunday, even as senior Taliban leader Ahmadullah Wasiq described the reports as “false news”.
NEW DELHI : Conflicting reports emerged on Sunday about the fate of Afghan Taliban leader Haibatullah Akhundzada, with a section of the Afghan media reporting that he was killed in a blast in Pakistan’s Balochistan province last year.
However, senior Taliban leader Ahmadullah Wasiq described the reports as “false news and baseless rumours” and contended the Taliban chief was alive.
If the reports of Akhundzada’s death are accurate, he will be the third Taliban chief after Mullah Omar and Mullah Akhtar Mansour to have died in Pakistan.
Akhundzada was killed “months ago”, with Mullah Matiullah, the Taliban’s intelligence chief, and Hafiz Abdul Majeed, the group’s head of finance, in a blast at a safe house in Quetta, the capital of Balochistan, Hashte-subh newspaper reported, citing its sources.
The house belonged to Majeed. While Akhundzada and Matiullah were killed almost instantly, Majeed died “two or three days later in a Pakistani military hospital”, the report said.
People familiar with developments said on condition of anonymity the blast was believed to have occurred in April 2020. The people confirmed that the blast had occurred in a house belonging to Majeed.
They added that some more senior Taliban leaders were believed to have been killed in the blast.
MUMBAI: Non-banking finance companies (NBFCS) have asked for the same benefits as banks while the central bank looks to harmonize regulations for all lending institutions. These lenders have also sought relaxations to new norms for NBFCS proposed by the Reserve Bank of India (RBI) last month in a discussion paper.
In a letter to RBI on the paper, the industry body for NBFCS, Finance Industry Development Council (FIDC), said that there is a need for uniformity in regulation since these companies perform the same credit function as banks.
The FIDC said RBI should allow NBFCS 3-4 years to shift from 180 to a 90-day bad loan recognition rule. This was one of the recommendations made in the discussion paper for NBFC Base Layer (BL) category.
The discussion paper proposed classifying NBFCS into four categories based on their size and risk perception—nbfc BL, NBFC Middle Layer (ML), NBFC Upper Layer (UL) and NBFC Top Layer (TL).
NBFCS with assets of up to ₹1,000 crore will fall under the BL category. MLS will consist of non-deposit taking NBFCS that are systemically important and deposit-taking NBFCS. The ULS could include as many as 30 systemically significant NBFCS, which will be regulated like banks.
“We appreciate the need to harmonize IRAC (Income Recognition and Asset Classification) norms across banks and NBFCS. However, given the huge impact of this on these companies, we would recommend making this shift over a period of 3-4 years from 180 days to 150, 120 and then to 90 days in order to cushion the impact of this change on these entities,” FIDC said in its letter.
The industry body has also requested RBI to relax the new rules proposing net owned fund (NOF) requirement of ₹20 crore to ₹10 crore for NBFCS. FIDC has sought a five-year time frame to increase their NOF requirement.
The RBI discussion paper had suggested raising NOF requirements for NBFC BL category to ₹20 crore from ₹2 crore earlier.
FIDC has also sought relaxation in the risk weights to be kept for different NBFCS depending on the asset class. For instance, the risk weight on all NBFCS, both secured and unsecured, currently stands at 100%.