Morning News Rap: Ed arrests East-UCO Bank CMD for Rs 6,200 crore; Bangalore floods, more rain and more braces

India saw the major development over the weekend and Monday due to high-profile arrest in the Rs 6,200 crore bank fraud case for important trade talks with the US. The Enforcement Directorate arrested UCO Bank CMD Subodh Goel in a large -scale loan scam, while Commerce Minister Piyush Goyal carried forward further trade talks in Washington before reducing the US tariff. Meanwhile, Bengaluru fought a fatal fight Floods After the record rains, the Supreme Court clarified the bail criteria under the PMLA, and in IPL 2025, Abhishek Sharma’s explosive knock excluded Sunrisers Hyderabad Nock LSG from the playoff dispute.

ED arrest retired UCO Bank CMD in fraud case for Rs 6,200 crore

The Enforcement Directorate (ED) on Saturday arrested former Chairman and Managing Director of UCO Bank, Subodh Goel, who was allegedly from his residence to accept bribe in connection with the approval of loans worth more than Rs 6,200 crore. Appointed during the tenure of the UPA government, Goel was presented before a special court in Kolkata, which sent him to ad custody till Wednesday. Read full story_{India wants to finalize the trading treaty with us in stages as a tariff approach of TrumpNegotiations on a trade agreement between India and the US continue, a three-phase approach to the deal with India is proposed. The goal is to finalize an initial agreement before July, when the anti -counterpart tariff imposed by US President Trump is designed to effective. However, the status of US administration on the phased structure is not clear. Commerce Minister Piyush Goyal is currently on a four -day visit to Washington, which ends on Tuesday, and is expected to hold important meetings with American Trade Representative Jaimison Greer and Commerce Secretary Howard Lutynik to pursue the talks. Read full story3 dead, 500 houses floods, roads were submerged: Marun Bangalore Braces for 5 more days of heavy rainsBengaluru was abandoned by the reeling after a fall of 130 mm in just 12 hours from Sunday evening to Monday morning to just 12 hours, resulting in widespread floods and chaos across the city. Three people lost their lives, more than 500 houses were submerged, and more than 20 lakes were on the verge of flowing. Roads in Upskale regions were converted into waterways, the underpasses and flyovers were closed due to floods, and traffic was thrown into chaos with hours long. Public bus services were stopped in many areas, as the city later scrambled to face. Read full storyIPL 2025: Abhishek Sharma led SRH to win as out of LSGAbhishek Sharma starred with a stunning 59 off just 20 balls with a brilliant 59 balls, defeating Lucknow Super Giants by six wickets in the IPL 2025 match at Ekna Stadium. His Quick-Fire knock made 206 difficult chase easier, as SRH won with 10 balls and eliminated LSG’s hopes of reaching the playoffs. Opening with Atharva Tid, Abhishek played aggressively from the beginning, pressurizing the bowlers immediately. Read full storyOne year custody is not a condition for bail under PMLA, Supreme Court said EDThe Supreme Court on Monday clarified that one accused in the money laundering case is not required to spend at least one year in jail before granting bail. A petition came to see a petition in the case of Chhattisgarh liquor scam, where one of the accused spent in custody in nine months. When the Enforcement Directorate’s counsel argued that bail should not be allowed as the accused had not sentenced a year in jail since arrest in August last year, a bench, including Justices Abhay S Oka and Ujal Bhuyan, said that such time-based situation is not available for bail. Read full story}