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LIVE: RBI increases risk weight on consumer credit exposure of banks by 25%

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"As per extant instructions applicable to commercial banks1, consumer credit attracts a risk weight of 100%. On a review, it has been decided to increase the risk weights in respect of consumer credit exposure of commercial banks (outstanding as well as new), including personal loans, but excluding housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, by 25 percentage points to 125%," the RBI said in a release.

Considering the current AQI, we have formed a special task force. This task force will collaborate with 28 departments to ensure the enforcement of regulations, compile reports, and assist in monitoring pollution," says AAP leader Gopal Rai.

Israeli fighter jets have struck the house of Hamas leader Ismail Haniyeh in Gaza, the Israeli military said on Thursday. Haniyeh's house was "used as terrorist infrastructure and often served as a meeting point for Hamas' senior leaders to direct terror attacks against Israeli civilians and IDF (Israel Defence Forces) soldiers," the military said.

India is committed to freedom of navigation, overflight and unimpeded lawful commerce in international waters in accordance with global norms, Defence Minister Rajnath Singh said on Thursday against the backdrop of China's increasing military muscle flexing in South China Sea. In an address at a meeting of 10-nation ASEAN and some of its dialogue partners in Jakarta, Singh also underlined the importance of dialogue and diplomacy to ensure enduring peace and stability in the world.

The Enforcement Directorate has issued summons to American millionaire Neville Roy Singham in connection with the NewsClick terror case, sources have informed. Neville Roy Singham's name first surfaced in a report by The New York Times, which alleged that the US millionaire was involved in spreading Chinese propaganda worldwide. The federal agency has sent the summons to Singham in China via Ministry of External Affairs.

10:24 PM

Uttarkashi tunnel rescue: New equipment shows some results, raises hopes

A heavy-duty drilling machine bored through 12 metres of rubble of the collapsed tunnel on the Char Dham route in Uttarakhand on Thursday, raising hopes for the rescue of 40 workers trapped inside for over four days.

Officials said in the evening that a six-metre section of a steel pipe had been inserted into the bored passage. Another section was being welded into it.

The plan is to insert 800 mm- and 900 mm diameter pipes – one after the other -- with the help of the giant drill till an escape passage is created for the workers stranded beyond the collapsed portion of the under-construction tunnel.

After a smaller drilling machine failed to do the job, IAF's C-130 Hercules planes brought the US-made auger machine, in parts, from Delhi to an airport 30 kilometres away on Wednesday. The 25-tonne piece of equipment was installed overnight.

10:23 PM

Israeli opposition leader says time has come to replace Netanyahu

Israeli opposition leader Yair Lapid said on Thursday it was time to replace Prime Minister Benjamin Netanyahu, and that there would be broad support to form a unity government led by Netanyahu's right-wing Likud party.

Centrist Lapid, who served briefly as prime minister last year, said he believed a large majority of the 120 lawmakers in the Knesset, or parliament, would sign on to such a coalition.

He made his comments as Israel pressed on with its military offensive in Gaza following Hamas' deadly Oct. 7 rampage through southern Israel.

10:23 PM

Russia jails artist for 7 years over Ukraine supermarket protest

A Russian court on Thursday sentenced artist Alexandra Skochilenko to seven years in prison for spreading "false information" about the army after she swapped supermarket price tags with slogans criticising Russia's offensive in Ukraine. The 33-year-old, known as Sasha, is the latest among thousands of Russians to be detained, jailed or fined for speaking out against Moscow's military intervention.

Supporters shouted "shame" and "we're with you Sasha" after the judge, Oksana Demiasheva, read out the verdict, an AFP journalist in court reported.

10:23 PM

Israel shelling Southern Lebanon in response to rocket fire

The Israeli military struck a terror cell in Lebanon that fired anti-tank missiles towards Israeli territory, the Israel Defence Forces announced.

The military said the terrorists fired towards the area of Misgav Am in northern Israel and at army posts in the areas of Metula and Kibbutz Yiftah.

No injuries were reported.

In response, IDF soldiers are striking with artillery fire towards the sources of the launches.

8:38 PM

MEA calls for 'secession of violence' in Myanmar after airstrikes at Indo-Myanmar border

India on Thursday called for the end of violence after an airstrike at the Indo-Myanmar border and emphasised the resolution of the situation through constructive dialogue.

7:30 PM

"We are extending consular assistance": MEA on Indian national sentenced to death in Yemen

India is extending whatever consular assistance possible to the Indian national who has been sentenced to death in Yemen and her mercy plea was rejected by the apex court in Sanaa, the Ministry of External Affairs said on Thursday.

7:29 PM

We are not targeting hospitals: Isreal

7:28 PM

Hamas-Israel conflict: India once again calls for de-escalation

With Israel continuing its military offensive in Gaza in retaliation to last month's attacks by Hamas, India on Thursday once again called for de-escalating the situation and underlined the need for observing international humanitarian law in the face of increasing civilian casualties in the conflict.

External Affairs Ministry spokesperson Arindam Bagchi said at his weekly media briefing that India is looking at sending more humanitarian assistance to the Palestinian people.

Israel has been carrying out a massive military operation in Gaza following the unprecedented and multi-pronged attacks on Israeli cities by Hamas militants on October 7.

7:10 PM

Amit Shah to meet MRPS leaders during Telangana visit on Nov 18

Union Home Minister Amit Shah is scheduled to visit the poll-bound state of Telangana on November 18, a party release said on Thursday.

As per the release, the Union Minister will address public meetings in Gadwal, Nalgonda and Warangal East Assembly constituencies.

Shah is scheduled to hold a meeting with Madiga Reservation Porata Samithi (MRPS) leaders in Hyderabad, who have been demanding internal reservations within the Scheduled Caste (SC) category.

During his visit, Amit Shah will also release BJP's election manifesto in Hyderabad.

7:03 PM

JSW Steel withdraws application to surrender Jajang iron ore mine in Odisha

JSW Steel on Thursday said it has withdrawn the application to surrender one of its iron ore mines in Odisha's Keonjhar.

The company had in September submitted a notice to surrender the mining lease of the Jajang iron ore mine, which it had acquired through auction.

"The company upon considering demand and supply scenario of iron ore in India, has today withdrawn its application for the Final Mine Closure Plan submitted on 1st September 2023 before the Indian Bureau of Mines for the purpose of surrender of Jajang Iron Ore Block located in the district of Keonjhar, Odisha," the company said in a filing to the BSE.

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