Business Standard

LIVE: Indian forces foiled Pakistan plot for terror attack, says PM Modi

Terrorists were planning a 'major attack' on the anniversary of the 26/11 terror attack. Stay tuned for latest news LIVE

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Narendra Modi

Prime Minister Narendra Modi

8:20 PM

PM Modi to address convocation of Pandit Deendayal Petroleum University in Gandhinagar at 11 am tomorrow

8:16 PM

RBI imposes monetary penalty on Phonepe, DMRC, PNB, and three other entities

8:06 PM

Labour Ministry proposes 12 working hours in OSH Code passed by Parliament

The Labour Ministry has proposed maximum 12 working hours in a day inclusive of intervals under the draft rules on Occupational Safety, Health and Working Conditions (OSH) Code 2020 passed earlier this year by Parliament. However, the weekly working hours limit has been fixed at 48 hours (six days X eight hours, with one weekly off) under the draft rules notified on November 19, 2020.
 
This has drawn flak from many corners because the OSH Code passed by Parliament provides for maximum eight working hours in a day.
 
"This has been done keeping in mind the extreme climatic conditions across the country where work scheduled is spread through the day. Besides this will allow workers to earn more through overtime allowance," a senior labour ministry official told PTI.
7:55 PM

Night curfew between 10 pm and 6 am from Nov 21 in five districts: Madhya Pradesh CM

7:53 PM

Sebi knocks SC's door for Subrata Roy's custody in SEBI-Sahara refund case

Market regulator Securities and Exchange Board of India (SEBI) on Friday knocked the doors of the Supreme Court seeking custody of Sahara Group chief Subrata Roy for his alleged failure to return the money collected from the public. SEBI has sought Rs 62,602 crore from Sahara that the company had collected from the public, with a promise of return.
 
On the other hand, Sahara had claimed that it returned all the money collected from depositors. Subrat Roy is currently on bail in the ongoing SEBI vs Sahara refund case in the apex court.

Securities and Exchange Board of India (SEBI) - Working, History, Functions  and Powers
7:41 PM

Curfew in Rajkot, Surat, and Vadodara between 9 pm and 6 am from Nov 21: Gujarat Deputy CM

7:30 PM

Latest News LIVE update: Delhi's air quality remains 'poor'

Delhi's air quality was recorded in the "poor" category on Friday while central government agencies said it is likely to improve marginally due to favourable wind speed. The city's 24-hour average air quality index (AQI) was 296. It was 283 on Thursday, 211 on Wednesday and 171 on Tuesday.
 
An AQI between zero and 50 is considered "good", 51 and 100 "satisfactory", 101 and 200 "moderate", 201 and 300 "poor", 301 and 400 "very poor", and 401 and 500 "severe". The central government's Air Quality Early Warning System for Delhi said Delhi-NCR air quality is likely to remain in the "poor" to "moderate" category on Saturday.
 
The predominant surface wind direction is likely to be west-northwesterly and the maximum wind speed 15 kmph on Saturday. Around 600 farm fire counts were observed over Punjab, Haryana and adjoining Pakistan on Thursday.
7:20 PM

Indian Navy prepared to defeat every threat of terrorism: Vice Admiral

7:05 PM

Punjab railway logjam continues with state, railways reporting losses

The stoppage of train services by the Indian Railways due to farmer protests in Punjab led to a loss in earnings of Rs 2,220 crore to the Indian Railways in the last 55 days.
 
This comes at a time when the state’s industry has suffered a loss of around Rs 30,000 crore so far, owing to the blockade and the subsequent stoppage of train traffic by the Indian Railways. The Indian Railways is of the opinion that it will not restart freight operations unless passenger trains are allowed by the agitators. However, farmer organizations had agreed to allow freight trains.
 
According to the data available with the Indian Railways, freight segment has suffered a loss of 40 rakes loading per day due to the agitation. The Northern Railways is losing Rs 14.85 crore per day on originating earnings only. The total revenue loss on freight segment till November 19 was to the tune of around Rs 825 crore. READ ON...

Railways
 
6:42 PM

CBSE exams for class 10 and 12 will happen and a schedule is likely to be announced soon: Board secretary

6:41 PM

RBI committee suggests allowing corporates to take significant bank stakes

RBI working group has recommended that large industrial houses be allowed to be bank promoters, meaning they can take significant stakes, something the central bank has strongly objected to in the past.
 
The working group committee, which was formed in June to review ownership guidelines and the corporate structure of Indian private sector banks, released its report on Friday.
 
"Large corporate/industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulation Act, 1949," the committee suggested
6:22 PM

Kejriwal urges AAP leaders, workers to visit public places, distribute free masks

6:12 PM

Bihar CM Nitish Kumar takes part in Chhath Puja celebrations at his residence in Patna

5:52 PM

ED files money laundering complaint in alleged TRP rigging scam being investigated by Mumbai police: PTI

5:51 PM

RBI panel proposes to raise promoters cap to 26% in private banks

An internal working group set up by the RBI has proposed to raise the cap on promoters' stake in private banks from the current 15 per cent to 26 per cent in 15 years.
 
The group has also recommended that large corporate or industrial houses may be allowed as promoters of banks only after amendments to the Banking Regulation Act and strengthening of the supervisory mechanism for conglomerates, including consolidated supervision.
 
The Reserve Bank of India had constituted the internal working group (IWG) on June 12, 2020, to review extant ownership guidelines and corporate structure for Indian private sector banks. The central bank released the groups' report on Friday.

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First Published: Nov 20 2020 | 5:31 AM IST