LIVE: President nod to renaming of HRD Ministry as Ministry of Education

The Ganga river's water level at Gandhi Ghat was 48.62 meters, which is 2 cm above the danger mark. Stay tuned for the latest news of the day

2:38 AM

Singapore extends $5.8 billion stimulus to cushion blow from pandemic

Singapore Deputy Prime Minister Heng Swee Keat announced additional support measures of S$8 billion ($5.8 billion) to cushion the blow from the coronavirus pandemic, extending wage subsidies and aiming to shore up the hard-hit aviation and hospitality sectors.

 

The new set of measures, announced almost three months after the last package, adds to Singapore’s total pledged pandemic aid of almost S$100 billion, Heng, who is also finance minister, said in a taped speech aired Monday. The measures will be financed in part by unused expenditures from earlier budgets, and won’t require additional funds.

2:37 AM

Google attacks Australian govt, says users could lose access to free search

Google warned on Monday that the Australian government’s plans to make digital giants pay for news content threatens users’ free services in Australia and could hand users’ data to media organisations.
 

The US-based company’s warning, contained in what it called an Open letter to Australians, comes a week before public consultations close on Australian draft laws that would make both Google and Facebook pay for news siphoned from commercial media companies.

2:37 AM

China injects $101 billion to ease liquidity, holds interest rate

China’s central bank supplied liquidity to commercial lenders on Monday to help them manage upcoming government bond sales, while leaving the price of the money unchanged as the economy recovers.
 

The People’s Bank of China (PBoC) added 700 billion yuan ($101 billion) of one-year funding via the medium-term lending facility.

The central bank said Friday that today’s operation is meant to offset the 400 billion yuan in loans coming due Monday and another 150 billion yuan maturing on August 26.

2:37 AM

Covid-19 impact: GDP to contract 16.5% in first quarter, says SBI report

SBI Research has projected gross domestic product (GDP) contraction at 16.5 per cent in the first quarter of 2020-21, against a 30 per cent decline estimated earlier.It attributed the revision mainly to smaller gross value added (GVA) degrowth by listed companies for the quarter.

 

SBI Group Chief Economic Advisor Soumya Kanti Ghosh said in principle revenue decline of listed companies had been far outstripped by cost rationalisation, thereby not impacting margins. The worrying part of the story is that there has been a rapid surge in Covid cases in the rural heartland. The numbers for Q1 are slated to be released by this month end.

12:36 AM

Delegation of South Korean electric vehicle maker meets UP CM, expresses desire to invest in state

12:34 AM

Trump counters Biden with law and order message in Minnesota

Declaring it's crunch time for the upcoming election, President Donald Trump zeroed in on Midwest battleground states on Monday with a tough, law and order message to counterprogram former Vice President Joe Biden's show at the Democrats' national convention.
 

In Mankato, Minnesota, Trump is expected to step up his rhetoric against Biden.
 

This election is about the survival of our nation. Joe Biden is the puppet of left-wing extremists trying to erase our borders, eliminate our police, indoctrinate our children, vilify our heroes, and replace American freedom with left-wing fascism, Trump said in remarks prepared for delivery. But the proud people of Minnesota will not let this happen.

11:56 PM

Trump looked at banning further Chinese apps in addition to TikTok: Report

11:55 PM

Rajasthan CM directs officials to make all arrangements to handle any flood-like situation

11:52 PM

President gives assent for changing name of HRD Ministry to Ministry of Education: Official notification

11:18 PM

Himachal Pradesh University postpones its examinations scheduled for tomorrow

10:51 PM

L&T Finance divests 8.4% stake in CG Power

L&T Finance on Monday divested 8.4 per cent stake in CG Power and Industrial Solutions through open market transactions on stock exchanges.

 

According to block deal data available on the exchanges, L&T Finance Ltd sold a total of5.26 crore shares, or 8.4 per cent stake, inCG Power for over Rs 73 crore.

 

On BSE, L&T Finance offloaded 4,12,93,778 shares at an average price of Rs 13.97 per share, valuing the deal at about Rs 57.69 crore.

10:24 PM

BJP MP in war of words with IT Parliamentary panel chief Tharoor, Moitra

A Twitter duel erupted on Monday between BJP MP Nishikant Dubey and Opposition MPs Shashi Tharoor, who heads the parliamentary standing committee on Information Technology, and Mahua Moitra over the prospect of the panel seeking views of Facebook about a media report claiming that it refused to apply hate speech rules to certain ruling party politicians.

 

In the report published on Friday, US newspaper Wall Street Journal cited interviews with unnamed Facebook insiders to claim that one of its senior India policy executives intervened in internal communication to stop a permanent ban on a BJP MLA from Telangana after he allegedly made communally charged posts.

 

Reacting to the development, Tharoor said on Sunday that the panel would like to hear from Facebook about the report and what they propose to do about hate-speech in India.

10:14 PM

PM Modi chairs meet to review preparations for master plan for multi-modal connectivity to economic zones

10:14 PM

Bihar flood situation grim; CWC warns likely flashfloods, landslides in some hill districts in north

10:13 PM

3 RJD MLAs join JD(U) ahead of Bihar polls

Three RJD MLAs joined the JD(U) on Monday, months ahead of the Bihar elections.

Maheshwar Prasad Yadav who represents the Gaighat assembly segment in Muzaffarpur, Prema Choudhary who is the MLA of Patepur in Vaishali, and Ashok Kumar Kushwaha, the legislator of Sasaram in Rohtas, switched sides.

They joined the Nitish Kumar-led party in presence of senior leader and states Energy Minister Bijendra Prasad Yadav at the JD(U) office here.

10:13 PM

Floods in Andhra continue; Godavari past 2-million cusecs mark

9:30 PM

Home Ministry approves renaming of Manduadih railway station in UP as Banaras

9:30 PM

India and UAE hold wide-ranging talks, resolve to boost ties

External Affairs Minister S Jaishankar on Monday held extensive talks with his counterpart from the UAE Sheikh Abdullah Bin Zayed Al Nahyan, covering a range of areas including ways to further boost strategic ties and the situation in the neighbourhood of both countries.

The Ministry of External Affairs said the Indian side invited further investments from the UAE in key sectors of the Indian economy such as infrastructure including logistics, food parks, highways, ports, airports, renewable energy and defence.

9:19 PM

IMD warns of another spell of heavy rains in Delhi

A fresh spell of rains drenched the national capital on Monday, bringing relief from sultry weather, with the weatherman predicting increase in intensity of showers over the next two days.

 

Kuldeep Srivastava, the head of the regional forecastingcenter of theIndia MeteorologicalDepartment, said the monsoon troughhas once again shifted towards north and will remain close to the national capital over the next three days.

 

"Moderate rains are expected till Thursday. Also, there are chances of one or two spells of heavy rains," he said.

9:00 PM

Special task force for flood relief made offenders in Sangli district of Maharashtra do squats

8:57 PM

Credit guarantee scheme for NBFC papers extended by three months

The government has extended the partial credit guarantee scheme (PCGS) 2.0 for three months till November 19, and offered greater flexibility under the plan.

 

As part of Aatmanirbhar Bharat Abhiyan, the scheme was launched to provide portfolio guarantee for purchase of bonds or commercial papers (CPs) with a rating of AA and below issued by non-banking finance companies, housing finance companies and microfinance institutions by public sector banks (PSBs).

 

It was envisaged to purchase these papers of Rs 45,000 crore under PCGS 2.0, of which the maximum headroom permissible was 25 per cent of the total portfolio--Rs 11,250 crore. READ MORE...

8:53 PM

Latest News LIVE: Congress MLA demands CBI probe in Bengaluru violence

Congress MLA R Akhanda Srinivasa Murthy, whose house was destroyed during last week's violence in the city, on Monday met Chief Minister B S Yediyurappa and demanded a CBI probe into the incident.The Congress legislator has also appealed for more security to him.

 

"Earlier the Chief Minister had spoken to me over the phone. Today I met him personally and sought more security. Many of my neighbours' properties including vehicles have been burnt or damaged...I requested compensation for them, most of them are poor," Murthy said.

8:39 PM

Latest News LIVE: Fire breaks out at Nandolia Organic Chemicals in Maharashtra's Palghar

8:32 PM

1,954 roads, 86 bridges completed in Jammu and Kashmir, Ladakh under Pradhan Mantri Gram Sadak Yojana

Under the Central government's flagship Pradhan Mantri Gram Sadak Yojana (PMGSY), 1,954 roads covering 12,216 km and 86 bridges were completed in the Union Territories of Jammu and Kashmir (J&K) and Ladakh till July end this year, according to an IANS report.

 

In J&K, 3,261 roads covering 19,277 km and 243 bridges have been sanctioned, of which 1,858 roads totalling 11,517 km and 84 bridges have been completed, said the Rural Development Ministry.

 

Similarly, in Ladakh 142 roads covering 1,207 km and three bridges have been sanctioned, of which 96 roads and two bridges were completed till July 2020.

8:13 PM

SC asks Centre to clarify stand on why Reliance Jio be not asked to pay AGR related dues

With differences cropping up between two ministries, the Supreme Court on Monday asked Centre to clarify its stand on why Reliance Jio, which is earning revenue by sharing Reliance Communication's (RCom) spectrum be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government, according to a PTI report.

 

The Centre told the top court there is a difference of opinion between two of its ministers (Department of Telecommunication and Ministry of Corporate Affairs) on the issue of sale of spectrum during insolvency proceedings.

 

Solicitor General Tushar Mehta, appearing for Centre and DoT, said the government would support any view taken by the top court resulting in recovery of the AGR related dues.

8:05 PM

11,962 people affected in Dhemaji, Lakhimpur and Baksa districts due to flood in Assam

Three districts of Assam - Dhemaji, Lakhimpur and Baksa are still inundated and 11,900 people are reeling under the impact of the flood on Monday, an official bulletin said here.

 

Lakhimpur is the worst-hit with 9,500 people affected by the deluge, while the number of victims in Dhemaji and Baksa is 2,100 and 300 respectively, Assam State Disaster Management Authority (ASDMA) said in the bulletin. The total number of people losing their lives in this year's floo

7:43 PM

Latest News LIVE: Flood situation in Bihar grim as water level in Ganga rises

The flood situation in Bihar remained grim, affecting 81.56 lakh people in 16 districts with the water level in Ganga continuing to rise on Monday, officials said. The water level of the river increased by 5-24 cm in Buxar, Munger, Bhagalpur, Kahalgaon, and at Digha Ghat in Patna, as per a bulletin issued by the state Water Resources Department.

 

The river's water level at the Gandhi Ghat here was 48.62 meters, which is 2 cm above the danger mark, it said. The river also crossed the danger mark by 6 cm at Hathidah where the water was flowing at a level of 41.82 meters.

7:32 PM

Delhi Metro starts casting work of U-girders for Aerocity-Tughlakabad corridor

7:13 PM

Amid border tensions, Navy commanders to discuss security situation with China

Amid continuing tensions with China over the territorial dispute, top Navy commanders will meet on Wednesday to discuss its preparedness to deal with the situation and its deployments to counter the activities of the People's Liberation Army Navy (PLAN).

 

The meeting is happening at a time when the Chinese have taken a rigid stand on the border issue and are showing reluctance to disengage from the Finger area, Depsang and Gogra in Eastern Ladakh sector.

 

"The top brass of the Navy would be meeting at the commanders' conference where they would be discussing in detail about the Chinese aggression and the steps required to be taken by the Indian Navy in the Indian Ocean Region and country's territorial waters to check it," Navy sources told ANI.

7:10 PM

Water level in Tunga river has risen in Shivamogga, following rainfall in Karnataka