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Economic Times | 08 Sep, 2020 | 05.45PM IST
News live: India Ratings revises FY21 GDP growth projection to negative 11.8 %
According to the agency, the retail and wholesale inflation is expected to come in at 5.1 per cent and negative 1.7 per cent, respectively, in FY21.
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Delhi High Court dismisses the plea filed by one accused named Khalid, challenging trial court order which granted more time to the investigating agency to conclude its probe in connection with a case relating to violence in North-east Delhi.
A political party is spreading vicious rumours about Durga Puja, so far we haven’t had any meeting on it. Prove that West Bengal govt has said there will be no Durga Puja, I will do sit-ups in front of people 101 times: CM Mamata Banerjee
PM Narendra Modi will hold ‘Svanidhi Samvaad’ with street vendors from Madhya Pradesh on 9th September 2020. Govt of India had launched PM SVANidhi scheme on 1st June 2020 to help poor street vendors, impacted by COVID-19, resume livelihood activities: Prime Minister's Office
High Court says people need to carry Aadhaar card for Delhi address proof and fill ICMR form for COVID-19 testing
China's PLA has responded to hotline message by Indian Army. They confirmed that missing youths from Arunachal Pradesh have been found by their side. Further modalities to handover them to our authority being worked out: Kiren Rijiju, Union Minister and MP from Arunachal Pradesh
Rhea Chakraborty will be produced before a magistrate via video conferencing by 7.30 pm today: KPS Malhotra, Deputy Director, Narcotics Control Bureau (NCB)
#RheaChakraborty will be produced before a magistrate via video conferencing by 7.30 pm today: KPS Malhotra, Deputy… https://t.co/VaolB72xHv
— ANI (@ANI) 1599564751000Firefighting efforts by Indian Coast Guard (ICG), Sri Lanka ships, tugs and ETV Ocean Bliss reduced fire considerably onboard MT New Diamond. ICG handed over 2200 kgs dry chemical powder to Sri Lankan authorities at Trincomalee today to augment aerial firefighting efforts: ICG
As part of stage-I of graded resumption of metro services, Delhi metro will resume operations after 171 days on its Blue Line - from Dwarka Sec 21 to Electronic City/Vaishali & Pink Line - from Majlis Park to Shiv Vihar from tomorrow: Delhi Metro Rail Corporation (DMRC)
NIA arrested accused Sagar Tatyaram Gorkhe and Ramesh Murlidhar Gaichor yesterday & Jyoti Raghoba Jagtap today in connection with Bhima Koregaon case. The accused persons are members of Kabir Kala Manch, a frontal organization of banned terrorist organization CPI (Maoist): NIA
Most affected states of Maharashtra, Andhra Pradesh, Karnataka, Uttar Pradesh, Tamil Nadu account for 70% of COVID-19 deaths in India: Government
Angolan Minister congratulated EAM on India's election as a non-permanent member of UNSC for 2021-22. EAM thanked him for support to India at UN & other multilateral bodies & appreciated Amgola's positive leadership in facilitating resolution of disputes, conflicts in Africa: MEA
NIA to attach properties of designated terrorists Pannun, Nijjar of banned Khalistani outfits
Case fatality rate is continuously declining; it was at 2.15% in the first week of August, now it stands at 1.70%
- Rajesh Bhushan, Secretary, Union Health Ministry
Rhea Chakraborty arrested
Actor Rhea Chakraborty arrested by Narcotics Control Bureau (NCB) in Mumbai
Karnataka: Floods cause total loss of Rs 8,071 crore
Floods in Karnataka have caused a total loss of Rs 8,071 crore to the state exchequer, Chief Minister BS Yeddyurappa said on Monday appealing to the central government to release financial aid at the earliest.
Sensex pares intra-day gains to end 52 points lower
- Domestic equity benchmark Sensex pared all intra-day gains to end 52 points lower on Tuesday, tracking losses in Bharti Airtel, Axis Bank and HDFC amid weak global cues.
- After swinging 471.03 points during the day, the 30-share BSE index ended 51.88 points or 0.14 per cent lower at 38,365.35.
Iran-India talks:
Iranian Foreign Minister Mohammad Javad Zarif met and held talks with India's External Affairs Minister Subrahmanyam Jaishankar today
UN rights office seeks probe of reported Navalny poisoning
The office of the U.N. human rights chief is calling on the Russian government to carry out or cooperate with an independent investigation of the reported poisoning of Russian opposition leader Alexei Navalny.
India-China
Armies of India and China continue to communicate with each other even as Chinese troops are in a face-off position… https://t.co/SRO5rGTVLL
— ANI (@ANI) 1599558747000Uttar Pradesh lifts weekend curbs on markets
The Uttar Pradesh government revoked its order of mandatory closure of markets on Sunday, reverting to the pre-coronavirus lockdown arrangement.
Mahagathbandhan prioritising alliance with Left parties in Bihar
A senior leader of the Grand Alliance, who is involved in working out a seat-sharing formula for the polls, told ANI on conditions of anonymity that they want the Left parties to fight alongside them as it would greatly boost their chances of winning in several seats.
Deepak Kochar in custody
Deepak Kochar remanded to Enforcement Directorate custody till 19th September, by Special PMLA Court, in ICICI Bank-Videocon case.
Campaign to succeed PM Abe as party leader begins in Japan
The official campaigning to head Japan's ruling party began Tuesday, with outgoing Prime Minister Shinzo Abe's longtime right-hand man - Yoshihide Suga - now seen as a front-runner to succeed him and complete his unfinished business, including coronavirus and economic measures.
Char Dham highway: SC asks Centre to plant trees
The Supreme Court directed the Central government to undertake plantation activities to compensate for the loss of forest area due to the construction of Char Dham national highway in Uttarakhand. A bench headed by Justice Fali Nariman also ordered the Centre to comply with the 2018 circular of the Ministry of Road Transport and Highways on the aspect of the width of the road while constructing Char Dham national highway in Uttarakhand.
Moratorium for lawyers plea withdrawn
A petition seeking direction to the Central government and the Reserve Bank of India to extend the moratorium period for repayment of term loans and credit cards for another 12 months and waive the interest for advocates during the period was withdrawn from the Delhi High Court.
Telangana Assembly has moved a resolution requesting the Central Government to confer the 'Bharat Ratna' award on Former Prime Minister PV Narasimha Rao
India's behaviour violated agreements...It's serious military provocation. We've made representations through diplomatic & military channels asking them to immediately stop dangerous moves, withdraw people who crossed the line & discipline frontline troops
- China Foreign Ministry
On 7 Sep, Indian troops illegally crossed LAC & entered south bank of Pangong Tso. Indian troops blatantly fired warning shots at our border patrolling troops who were there for consultation. Our troops were compelled to take measures to stabilise situation
- China Foreign Ministry
Taj Mahal to reopen even as virus rages
- India's top tourist attraction the Taj Mahal is set to reopen more than six months after it was shut, officials said Tuesday, even as the vast nation battles soaring coronavirus infections.
- India, home to 1.3 million people, on Monday overtook Brazil to become the world's second most-infected nation with more than 4.2 million cases, behind only the United States.
- "The Taj Mahal will reopen on September 21. All Covid-19 protocols, like physical distancing, masks will be followed," northern Uttar Pradesh state's Tourism Department deputy director Amit Srivastava told AFP.
Professor Govind Swarup was an exceptional scientist. His pioneering works in radio astronomy have attained global commendation. Anguished by his passing away. My thoughts are with his near and dear ones
- PM Modi
India's fiscal deficit to widen in FY21 to 8.2%: Fitch Solutions
- Fitch Solutions has revised its fiscal deficit forecast for India to 8.2 per cent from 7.2 per cent earlier due to quicker divergence in expenditures and non-debt receipts which saw the deficit exceed the full-year target in only four months.
- Accordingly, including the state deficit, the total government deficit forecast for FY21 is 11.8 per cent of GDP. "Our revision is due to a higher than previously anticipated willingness of the government to spend amid weak revenue collection," it said.
- "We expect the government to maintain its spending expansion through increased government securitiesissuances that will be absorbed by the banking sector under an increased statutory liquidity ratio (SLR) threshold up to March 31, which allows more funds to be invested in these securities."
Media served people in 'unprecedented way' by spreading awareness on coronavirus pandemic: PM Modi
Not only Indian products but India's voice also has become global, Indian media too needs to be global: PM Modi
Supreme Court dismisses a plea seeking the court's intervention to control the increased petrol and diesel prices.
Sanjay Raut appointed Shiv Sena's chief spokesperson
- The Shiv Sena on Tuesday said it has appointed its Rajya Sabha member Sanjay Raut as the chief spokesperson of the party.
- Raut, who is also the executive editor of Shiv Sena mouthpiece 'Saamana', has been engaged in a war of words with actor Kangana Ranaut after she likened Mumbai to Pakistan occupied Kashmir (PoK).
- The Shiv Sena in a statement on Tuesday said Raut has been appointed as the party's chief spokesperson.
Indian Army briefs on recent accusation by China
- While India is committed to disengagement & de-escalating situation on the LAC, China continues to undertake provocative activities to escalate. At no stage has the Indian Army transgressed across the LAC or resorted to use of any aggressive means, including firing
- In the instant case on 07 September, it was China's PLA troops who were attempting to close-in with one of our forward positions along the LAC & when dissuaded by own troops, PLA troops fired a few rounds in the air in an attempt to intimidate own troops
- It is the PLA that has been blatantly violating agreements and carrying out aggressive manoeuvres, while engagement at military, diplomatic and political level is in progress.
- Despite grave provocation, own troops exercised great restraint & behaved in a mature & responsible manner. We are committed to maintaining peace & tranquility, however are also determined to protect national integrity & sovereignty at all costs
Fitch projects 10.5 per cent contraction in Indian economy this fiscal
- Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the current financial year.
- India recorded one of the sharpest gross domestic product (GDP) contractions in the world in April-June.
- India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
- "GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy, but there are signs that the recovery has been sluggish and uneven," Fitch said.
Chinese President Xi Jinping has said that China acted in an open and transparent manner on the COVID-19 outbreak and that it had taken concrete efforts that helped save tens of millions of lives around the world during the pandemic: Reuters
India records highest coronavirus deaths in more than a month
- India recorded its highest daily deaths from the coronavirus in more than a month on Tuesday, even as new infections slowed, data from the health ministry showed.
- The health ministry said 1,133 people had died of COVID-19 in the last 24 hours, the highest since July, taking total mortalities to 72,775. But new daily cases were at 75,809, the lowest in a week.
- India surprassed Brazil on Monday to become the country with the most number of coronavirus cases outside of the United States and has a cumulative caseload of 4.28 million.
Sensex opens at 38,358.35; down by 58.88 points
A total of 5,06,50,128 samples tested up to 7th September 2020. Of these, 10,98,621 samples were tested yesterday: Indian Council of Medical Research
The Summer of COVID-19 ends with health officials worried
- The Lost Summer of 2020 drew to a close Monday with many big Labor Day gatherings cancelled across the U.S. and health authorities pleading with people to keep their distance from others so as not to cause another coronavirus surge like the one that followed Memorial Day.
- The U.S. had about 1.6 million confirmed COVID-19 cases around Memorial Day, before backyard parties and other gatherings contributed to a summertime surge.
- It now has more than 6.2 million cases, according to the count kept by Johns Hopkins University. Deaths from the virus more than doubled over the summer to nearly 190,000.
Samsung wins USD 6.6 billion contract from Verizon to create 5G
- Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a USD 6.65 billion deal announced Monday.
- The contract runs through 2025, according to a Samsung corporate filing.
- Samsung and Verizon have worked together before. In 2018, for example, Samsung technology was behind a 5G home service that Verizon offered to some customers in California, Texas and Indiana.
- “Samsung has demonstrated their commitment to collaborating with us to drive innovation in 5G,” New York-based Verizon said in a statement.
External Affairs Minister (EAM) Dr. S Jaishankar to leave for Shanghai Cooperation Organization (SCO) Foreign Ministers' meet in Moscow. Dr. S Jaishankar will have a short halt in Tehran (Iran); he is likely to meet Iranian Foreign Minister Mohammad Javad Zarif today: Sources
India, US, Israel collaborating in 5G tech: Official
- India, Israel and the United States have begun collaboration in developmental area, and in next generation of emerging technologies, including a transparent, open, reliable and secure 5G communication network, a top official has said.
- The branching out of this trilateral initiative in development and technological arena is a result of the people-to-people collaboration, in particular those by Indian diaspora in the US and Israel, that was initiated by Prime Minister Narendra Modi during his historic visit to Israel three years ago in July 2017, community leaders said.
- A collaboration in 5G is a just tip of the iceberg and a first step, according to US Agency for International Development (USAID) Deputy Administrator Bonnie Glick.
Telangana Cabinet gives nod to GST and FRBM Bills among others
China government-owned Global Times claims that Indian troops crossed the Line of Actual Control (LAC) near the south bank of Pangong Tso Lake on Monday
First batch of Russian COVID-19 Vaccine released into public
- The first batch of the Sputnik V vaccine against COVID-19, developed by Russia's Gamaleya National Research Center of Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF) has been released into civil circulation, regional deliveries are planned in the nearest future, the Russian Health Ministry informs.
- "The first batch of the 'Gam-COVID-Vac' [Sputnik V] vaccine for the prevention of the new coronavirus infection, developed by the Gamaleya National Research Center of Epidemiology and Microbiology of the Ministry of Health of Russia, has passed the necessary quality tests in the laboratories of Roszdravnadzor [medical device regulator] and has been released into civil circulation," the ministry said in a statement.
Kamala Harris will never be president: Trump
- US President Donald Trump has slammed the "rhetoric" against the coronavirus vaccine by Democratic presidential candidate Joe Biden and running mate Senator Kamala Harris, who he said would "never" be the president.
- Trump was apparently responding to a CNN interview by Harris on Sunday, in which the vice-presidential nominee said she would not trust the president unless there was a credible source of information that talks about the vaccine's efficacy and reliability.
- "She (Harris) is talking about disparaging a vaccine so that people don't think the achievement was a great achievement," Trump said at a Labor Day press conference at the White House on Monday.
China reports 10 new cases
- China reported 10 new COVID-19 cases for Sept. 7, down from 12 a day earlier, the national health authority said on Tuesday.
- The National Health Commission said in a statement that all new cases were imported infections involving travellers from overseas, marking the 23nd consecutive day of no local infections.
- The commission also reported 13 new asymptomatic infections, down from 17 a day earlier. China does not count symptomless patients as confirmed cases.
Chinese border defense troops were forced to take countermeasures to stabilize the situation after Indian troops outrageously fired warning shots to PLA border patrol soldiers who were about to negotiate, PLA Western Theater Command spokesperson said, according to Global Times
Indian Army again illegally crossed the Line of Actual Control in Shenpao mountain near the south bank of Pangong Tso Lake on Monday, PLA Western Theater Command spokesperson said: China govt owned Global Times
Australian media firms pull journalists from China over security worries
- Two of Australia's leading foreign correspondents in China have rushed home for their own safety after they were questioned separately by China's Ministry of State security, the Australian Broadcasting Corporation (ABC) reported on Tuesday.
- China correspondents for the ABC and the Australian Financial Review (AFR) sought shelter in Australia's embassy in Beijing and consulate in Shanghai as diplomats negotiated with Chinese officials to allow them to leave the country, the ABC and the AFR reported.
