1. The Maharashtra Anti-Terrorism Squad (ATS) is trying a different tack in dealing with youths from the state who are getting lured by the extremist ideology of the Islamic State, a Middle East-based terror outfit known for its brutal mass murders and sex slavery. The ATS recently counseled Zubair Khan, a Navi Mumbai blogger, who had declared on a social networking site his desire to join the IS in Iraq in the presence of community leaders.
2. Prime Minister Narendra Modi on Sunday said he had fulfilled his promise to implement one rank, one pension (OROP) in contrast to previous governments that paid mere lip service to the issue and slammed critics of the decision for attempting to mislead the armed forces while assuring ex-servicemen that residual niggles would be sorted out.
3. Market regulator Sebi has started inspecting the books of the troubled JPMorgan Mutual Fund and is also looking into its processes to see what went wrong with two of the fund house's schemes - JPMorgan India Treasury Fund and JPMorgan India Short Term Income Fund. Late on August 28, the fund house restricted redemption in these two schemes to just 1% of its total outstanding units, but had given selective exits to three large corporate investors.
4. Refusing to be swayed by market volatility, finance minister Arun Jaitley today asserted that India's "real economy" will dictate both the currency valuation and the market.
