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Economic Times | 30 Jul, 2020 | 06.27PM IST
Rajasthan Live News: HC issues notices to Speaker, six BSP MLAs
Rajasthan High Court issues notices to Speaker, six BSP MLAs over their merger with Congress. The Court asks them to file reply by 11th August.
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Tamil Nadu's Covid tally
5,864 new COVID-19 cases and 97 deaths reported in Tamil Nadu today, taking the total to 2,39,978 cases and 3,838 deaths till date. 5,295 patients were discharged today. 57,962 cases still active in the state: Health & Family Welfare Department, Tamil Nadu
Disengagement process not yet completed: MEA on China's claim troops have disengaged in most localities in eastern Ladakh
Airtel CEO says tariffs must go up, flags concerns on high cost of 5G spectrum
- Bharti Airtel on Thursday said tariffs have to go up, and the question is of right timing, as the telco asserted that ARPU should rise to Rs 200 and eventually to Rs 300 for a sustainable business model.
- Speaking at an earnings call post Q1 results, Airtel CEO Gopal Vittal said the indicative reserve price for 5G spectrum, as recommended by regulator, is "very expensive", unaffordable and does not support business case at those levels.
- The 5G ecosystem is "still nascent" and commercial roll out of 5G is still a few years away, he said.
US donates 100 ventilators to Pak to combat COVID-19 pandemic
PM Modi condoles folk musician Sonam Tshering Lepcha's death
- Prime Minister Narendra Modi condoled the death of folk musician Sonam Tshering Lepcha on Thursday, recalling his efforts to popularise the Lepcha culture.
- Lepcha passed away at the age of 92 years.
- "Padma Shri Ren Sonam Tshering Lepcha Ji was a a multi-faceted personality. He made outstanding efforts to popularise the great Lepcha culture," Modi said in a tweet.
- Lepcha's works are respected across generations, he pointed out. "Anguished by his demise. Condolences to his family and admirers. Om Shanti," the prime minister wrote on Twitter.
Electricity bill of Rs 6.67 lakh
- B Veerababu, a resident of Amberpet was in shock when he received an electricity bill of Rs 6.67 lakh for the last four months.
- Later on Wednesday, electricity department officials have approached Veerababuand changed the meter to avoid trouble in future.
- Speaking to ANI, Veerababu said, "Usually, I get an electricity consumption bill of around Rs 800 to Rs 1,100 for my house. But for the past three months, the electricity department officials did not come to take the meter reading or nor did they generate any bill."
COVID-19 tanks U.S. economy in second quarter, outlook shaky
Manish Sisodia on new education policy
The nation was waiting for a new Education Policy for 34 years. It's now here. It's a forward-looking document which accepts flaws of today's education system but has two issues with it - it was unable to break free of pressures of education's old tradtions. Secondly, the Policy doesn't say how will the reforms, it speaks of, will be achieved. The Policy is either silent or confused on those issues, says Manish Sisodia, Delhi Deputy Chief Minister and Minister of Education
In Punjab, plasma will be provided free of cost
Amid spiralling COVID infections and deaths, Punjab Chief Minister Captain Amarinder Singh says that plasma will be provided free of cost by the state government to all those in need: Punjab Chief Minister's Office
We look forward to collaborating with India as it seeks to build self-reliance and grow trade, investment b/w our nations...India has become attractive for many reasons. We see clear effort in India to introduce economic reforms & attract investment
- Australian High Commissioner
India’s swift & decisive actions, particularity the early lockdown, clearly saved lives. India used its lockdown to increase the number of COVID hospitals, isolations beds & strengthen its testing & its health system generally: Barry O'Farrell, Australian High Commissioner,
Kellogg raises annual profit forecast as pandemic boosts demand
Shooting coach tests positive for coronavirus at Karni Singh range but training will go on: SAI
India's fundamental principle in development cooperation is respecting partners: PM Modi
Wipro selected as strategic partner by Metro Bank to drive IT transformation
- Wipro Limited on Thursday announced that Metro Bank, a large UK-based retail and commercial bank, has awarded a multi-year contract to deliver and transform testing and environment management services.
- As part of this partnership, Wipro said in a statement it will leverage its digital and quality engineering capabilities to drive transformation through automation, service virtualisation and DevSecOps enablement.
- "This will help Metro Bank achieve its objectives around cost, pace and quality of operations and further differentiate them from other high street banks," the Bengaluru-headquartered company said.
Jammu & Kashmir issue protocols for the passengers arriving in the state through air, rail or road
All passengers to undergo mandatory #COVID19 antigen, using RT-PCR or Rapid Antigen testing or any other other prescribed method. As per the protocol issues by the Govt of Jammu and Kashmir, all air & rail passengers who have a valid contactable mobile number with Aarogya Setu application on their phones will be sent for home quaratine for 14 days or till their test results are reported negative.
NASA launches Mars rover to mine the red planet's rocks for evidence of ancient life.
Cognizant Q2 income down 29% to $361 mn, confident of growth in coming quarters
Australia supports India's de-escalation at LAC
Australia urges restrain at LAC & supports continued moves by India for de-escalation. In my meeting with EAM today, I told him Australia opposes any attempts to unilaterally alter status-quo which only increase tension & instability. It is important that bilaterally agreed principles and norms, which help prevent escalation, continue to be observed: Barry O'Farrell, Australian High Commissioner to India
Private schools not to charge students other than tuition fees due to COVID-19 crisis. Education department to ensure that if parents are not able to pay the fees, their ward's name is not removed from the school under any circumstances
- Shivraj Singh Chauhan, CM, MadhyaPradesh
Chinese long-range bombers join drills over South China Sea
- China said Thursday that long-range bombers were among the aircraft that took part in recent aerial drills over the South China Sea amid rising tensions between Washington and Beijing over the strategic waterway.
- The exercises included nighttime takeoffs and landings and simulated long-range attacks, Defense Ministry spokesperson Ren Guoqiang said. Among the planes were H-6G and H-6K bombers, upgraded versions of planes long in use with the People's Liberation Army Air Force and the People's Liberation Army Navy Air Force, Ren said.
- He said the exercises had been previously scheduled and were aimed at boosting pilot abilities to operate under all natural conditions. It wasn't clear whether live bombs were used.
Economy on recovery path piggy-riding rural rebound: Deepak Parekh
- Mortgage lender HDFC Chairman Deepak Parekh on Thursday sounded confident of the pandemic-ravaged economy coming out soon, as he expects Bharat to help nurture India back to economic health earlier than the consensus forecast.
- Base-case forecasts by many pencil in a GDP contraction of 5 per cent if the lockdown is lifted by July and normalcy trundles back from September, and over 7.5 per cent in the worst case as each month of the lockdown shaves off 100 bps of the GDP.
Madhya Pradesh government orders all government and private schools in the state to remain closed till 31 August.
Chennai customs busts illegal agarbatti import racket, 2 held
Customs officials on Wednesday arrested two men in Chennai for allegedly smuggling incense sticks (agarbatti) from Vietnam. The officials also seized 161.94 MT of incense sticks and 68.36 MT of incense sticks powder which were found concealed in containers imported by Indian Agarbatti Manufacturers, Bangalore. This is one of the biggest seizures of restricted items in recent times at the Chennai port, according to a press release.
Phase 1 and 2 human clinical trials of two indigenously developed COVID-19 vaccine candidates have started: Health Ministry
Delhi HC stays 4-year jail term to ex-Samata Party president Jaya Jaitley in corruption case related to purported defence deal: Lawyer
Over 1,81,90,000 tests have been conducted in the country including RT-PCR and rapid antigen tests. There has been week on week increase in average tests per day. India is conducting 324 test per 10 lakhs population per day
- R Bhushan, Secretary, Ministry of Health
Health Ministry in herd immunity
Herd immunity in a country of the size & population of India can't be a strategic option. It can only be achieved through immunisation. Health Ministry thinks it's possible in future but for now we've to follow COVID appropriate behaviour: R Bhushan, Secretary, Ministry of Health
Pakistan on Rafale jets
- Pakistan on Thursday said it has seen reports that India has acquired Rafale jets from France which could be modified to carry nuclear weapons.
- "We have seen reports of recent acquisition of Rafale jets by Indian Air Force,” Pakistan Foreign Office spokesperson Aisha Farooqui said.
- "We have seen reports of recent acquisition of Rafale jets by Indian Air Force,” Pakistan Foreign Office spokesperson Aisha Farooqui said at her weekly press briefing here.
- "It is disturbing to note that India continues to amass military capabilities beyond its genuine security requirement," she said.
- "Transfer of advanced systems, where there is an open intention of conversion into nuclear delivery platforms, calls into question the commitment of international suppliers to non-proliferation commitments,” she said.
- "While remaining opposed to any arms race in South Asia, Pakistan cannot remain oblivious to these developments and remains confident of its ability to thwart any ill-considered act of aggression,” she added.
Covid fatality rate in India
The case fatality rate in India today is 2.21% and it's among the lowest in the world. 24 States and Union Territories have lesser fatality rate than that of the country: Ministry of Health
16 states of the country have a recovery rate that is more than the national average. Of these, Delhi has recovery rate of 88%, Ladakh 80%, Haryana 78%, Assam 76%, Telangana 74%, Tamil Nadu & Gujarat 73%, Rajasthan 70%, MP 69% and Goa 68%
- R Bhushan, Secretary, Ministry of Health
More than 1 million people have recovered from COVID-19 in the country. This landmark recovery has been achieved because of the selfless work and dedication of our doctors, nurses and frontline workers
- Rajesh Bhushan, Secretary, Ministry of Health
The recovery rate has shown positive trends. It was 7.85% in April and today it is 64.4%: Rajesh Bhushan, Secretary, Ministry of Health.
Army's big edge over China in Eastern Ladakh
- Preparing for a long haul in the Eastern Ladakh sector in extreme winters, the Indian Army has an edge over the Chinese as it has deployed 35,000 troops there who have already done tenures in high altitude and cold conditions.
- The Indian troops deployed there are mentally prepared for tackling the weather and terrain.
- In contrast, the Chinese troops deployed along the Line of Actual Control (LAC) are not used to these conditions as they have been brought from mainland China and are not accustomed to high altitude extreme cold weather conditions.
Dabur Q1 net falls 6 pc to Rs 341 cr
Homegrown FMCG major Dabur India Ltd on Thursday reported a 6.18 per cent decline in its consolidated net profit at Rs 341.30 crore for the quarter ended June 30, 2020, due lower revenue from operations.
Closing Bell
Sensex tumbles 335.06 pts to end at 37,736.07; Nifty slumps 100.70 pts to 11,102.15.
Enforcement Directorate writes to Bihar police seeking copy of FIR filed in death case of Sushant Singh Rajput; may file PMLA case: Officials
Rajasthan HC issues notice to Speaker & Secretary of the Legislative Assembly and 6 BSP MLAs
Rajasthan High Court issues notice to Speaker & Secretary of the Legislative Assembly, and 6 BSP MLAs in connection with the merger of the BSP MLAs with Congress party, in the state. The Court asks them to file reply by 11th August.
Gyms in Bengaluru carry out sanitation work
After Centre's nod for re-opening on August 5, gyms in Bengaluru are carrying out sanitation work. "We are taking… https://t.co/RfRphxEMYZ
— ANI (@ANI) 1596102874000MoU ready for smog tower installation project in Delhi, Centre informs SC
- The Centre informed the Supreme Court Thursday that an MoU has been prepared for the installation of smog tower at Anand Vihar in east Delhi and it will be signed by the stakeholders.
- Solicitor General Tushar Mehta told a bench headed by Justice Arun Mishra that after Wednesday's hearing, the Centre contacted Indian Institute of Technology (IIT) Bombay and others, including the Central Pollution Control Board (CPCB), and the memorandum of understanding was prepared.
India's development cooperation does not come with any conditions
- PM Modi
Mother Dairy enters bread segment, aims Rs 25K cr turnover by 2025
Mother Dairy, a leading milk supplier in Delhi-NCR, on Thursday forayed into bread segment as part of its strategy to diversify business, and announced its target to more than double its revenue to Rs 25,000 crore in the next five years.
FMCG sector to register flat growth in 2020: Nielsen
- India's fast moving consumer goods (FMCG)sector is expected to witness flat growth in 2020 following severe and extended lockdowns, restrictions on manufacturing units, social distancing norms and store closures, according to data analytics firm Nielsen.
- Earlier, on April 30, in the middle of the lockdown, Nielsen had slashed the growth forecast for the FMCG sector by almost half to 5-6 per cent for 2020 citing adverse impact of the coronavirus pandemic.
DU's responsibility to provide scribes to visually impaired students for online exams: HC
Centre not under obligation to pay for shortfall in GST compensation fund: AG
The Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to states and the GST Council has to decide on ways to make good any shortfall, sources said.
Congress Legislature Party meet
- CM Ashok Gehlot tells MLAs at the Congress Legislature Party (CLP) meeting that they will have to stay at Hotel Fairmont in Jaipur till 14th August.
- Ministers can visit Secretariat to complete their work.
Counterfeit products create Rs 1-lakh-cr hole in economy, incidents up 24% in 2019: Report
- Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1-lakh-crore hole in the economy, according to a report.
- The report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.
Here are all the stocks trading in the red
Price as on 30 Jul, 2020 02:52 PM, Click on company names for their live prices.
Rupee settles 4 paise lower at 74.84 against US dollar
Plan to increase COVID-19 tests to 10 lakh per day in 1-2 months
- Harsh Vardhan
Sushant Singh Rajput's family files caveat before SC seeking to be heard in Rhea Chakraborty's petition in the top court, for the transfer of investigation to Mumbai
Car dealership Pendragon to lay off 1,800 workers, shut loss-making stores
British auto retailer Pendragon Plc said on Thursday it would slash 1,800 jobs and close 15 loss-making stores, as the coronavirus crisis continues to hammer demand for cars.
HDFC Q1 results: Net profit falls 5% to Rs 3,052 crore, beats Street estimates
Priyanka Gandhi Vadra vacates her central government allotted accommodation at Delhi's Lodhi Estate
Reports ANI
Mumbai: A team of Bihar Police arrives at Kotak Bank's Bandra West branch to get details of actor Sushant Singh Rajput's account.
AIIB to step up lending in India
- As part of its effort to improve connectivity, Beijing-based multilateral funding agency AIIB is looking to provide loans worth USD 3 billion for various large infrastructure projects, including Delhi and Meerut Rapid Rail, Mumbai Metro Rail and Chennai Peripheral Ring Road project, over the next 12 months.
- India is the largest borrower, which accounts for 25 per cent of the total lending by Asian Infrastructure Investment Bank (AIIB) so far, the bank's vice president D J Pandian told in an interview.
Supreme Court refuses to entertain a PIL seeking CBI probe into Sushant Singh Rajput's death case
Assam floods: 107 deaths and 56,71,031 people affected
German economy shrank by record 10.1% in second quarter: Official data
AFP
