LIVE: Cabinet approves Rs 520-cr package for Jammu and Kashmir, Ladakh

File photo of Union Minister Prakash Javadekar

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a special package of Rs 520 crore for Jammu and Kashmir and Ladakh under the National Rural Livelihood Mission (NRLM), Union Minister Prakash Javadekar said.

Addressing a press conference, Javadekar said the package will ensure sufficient funds under the mission to both the Union Territories.

The decision is in line with Centre's aim to universalise all centrally sponsored beneficiary-oriented schemes in Jammu and Kashmir and Ladakh in a time-bound manner, he said.

The Supreme Court has began hearings on a batch of petitions that have raised issues concerning the six-month moratorium on loan payments announced in view of the Covid-19 pandemic. The pleas on Tuesday came up for hearing before a Bench, comprising Justices Ashok Bhushan, R S Reddy and M R Shah, which said it would hear the matter on Wednesday.

Several residential areas in Hyderabad and suburbs remained inundated today as unprecedented rainfall has left at least 13 people dead. Hyderabad has been lashed by rains since Tuesday evening. The heavy rains under the impact of deep depression wrecked havoc in the Telangana capital as overflowing lakes and open nalas flooded roads and colonies. The highest rainfall in over a century paralysed the city and outskirts, plunging hundreds of colonies into darkness.

Stay tuned for the latest news of the day.

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Russian-US crew launches on fast track to the space station

A trio of space travelers has launched successfully to the International Space Station, for the first time using a fast-track maneuver to reach the orbiting outpost in just three hours.
 
NASA's Kate Rubins along with Sergey Ryzhikov and Sergey Kud-Sverchkov of the Russian space agency Roscosmos lifted off as scheduled Wednesday morning from the Russia-leased Baikonur space launch facility in Kazakhstan for a six-month stint on the station.
 
For the first time, they are trying a two-orbit, three-hour approach to the orbiting space outpost. Previously it took twice as long for the crews to reach the station.
 

US court agrees to expedite government TikTok app store ban appeal

A US appeals court on Wednesday agreed to fast-track a Justice Department appeal of a ruling blocking the government from banning new TikTok downloads from US app stores.
 
US District Judge Carl Nichols in Washington issued a preliminary injunction on Sept. 27 that barred the US Commerce Department from ordering Apple Inc and Alphabet Inc's Google app stores to remove the Chinese-owned short video-sharing app for download by new users.
 
A US appeals court in Washington said all briefs are due by Nov. 12 with oral arguments to follow. The government's opening brief is due on Friday.
 
China's ByteDance, which owns TikTok, has been under pressure to sell the popular app. The White House contends that TikTok poses national security concerns as personal data collected on 100 million Americans who use the app could be obtained by China's government. Any deal will also still need to be reviewed by the US government's Committee on Foreign Investment in the United States (CFIUS), but people briefed on the matter do not expect any final agreement before the election.

Maharashtra legislature issues breach of privilege notice to Arnab Goswami

The Maharashtra Legislature secretariat has issued a notice to Republic TV's Editor in Chief Arnab Goswami for breach of privilege for submitting a copy of the proceedings of the Assembly in the Supreme Court without the Speaker's permission.
 
The notice was served on October 13 and a written clarification has been sought from Goswami by October 15, the secretariat said in a statement on Wednesday.
 
The legislature secretariat had earlier sought a clarification from Goswami on September 16 over a breach of privilege motion against him during a two-day monsoon session of the state legislature.

EU antitrust regulators may narrow Amazon investigation: Report

EU antitrust regulators may narrow the scope of their year-long investigation into Amazon to speed up the case against the US online retail giant, people familiar with the matter told Reuters.
 
Splitting up the Amazon case could address complaints by rivals that antitrust enforcers take too long to address harm done to them through anti-competitive practices and that rulings fail to keep pace with evolving markets.
 
EU regulators adopted a similar tactic against Alphabet Inc's Google by first addressing complaints about its price comparison shopping service and then opening investigations into other areas of its business.
 
The European Commission started an investigation into Amazon in July 2019, focusing on whether its dual role as a marketplace for merchants and also as a competitor selling the same products might give it an unfair advantage.

IMF's debt restructuring programme should help countries overcome fiscal stress: FM

Finance Minister Nirmala Sitharaman said the International Monetary Fund's debt restructuring programme should aim at helping the countries overcome the fiscal stress caused by the coronavirus pandemic.
 
"...it would be important to take into consideration the circumstances and concerns of both creditors and debtors and that in the process of debt restructuring, care must be taken to not saddle the debtor countries with overly burdensome conditionalities," she said while addressing the G20 Finance Ministers and Central Bank Governors Meeting through video conferencing.
 
One of the key outcomes of the G20 Action Plan has been the Debt Service Suspension Initiative (DSSI) which provides time bound suspension of debt service payments for the low-income debtor countries that request forbearance, a finance ministry statement said.
 
The initiative came into effect in April was initially agreed till end of 2020.
 
During this meeting, in light of the continued liquidity pressures, it said the G20 finance ministers and central bank governors agreed to extend the DSSI by six months, and to examine by the time of the 2021 IMF/World Bank Group Spring Meetings if the economic and financial situation requires a further extension of the initiative.

Jaishankar held a virtual meeting with his Portuguese counterpart Augusto S Silva

Both leaders undertook a detailed review of bilateral ties incl extensive cooperation between the two countries during Covid & possibilities of cooperation in post-Covid scenario: MEA 

Nation stands united with Telangana in this hour of crisis: President Kovind on heavy rainfall in state

President Ram Nath Kovind on Wednesday said the nation stands united with the people of Telangana, parts of which witnessed heavy rain, in this hour of crisis.

The president also spoke to Telangana Governor Tamilisai Soundararajan and Chief Minister K Chandrashekar Rao, and expressed concern over the loss of lives and destruction caused by the incessant rain.

Tax refunds worth over Rs 1.23 trillion issued to 3.81 million taxpayers till Oct 13: CBDT

The income tax department on Wednesday said it has issued refunds of over Rs 1.23 trillion to more than 38 lakh taxpayers between April 1 to October 13.

This includes personal income tax (PIT) refunds amounting to Rs 33,442 crore issued to 36.21 lakh taxpayers and corporate tax refunds worth Rs 90,032 crore to over 189,000 taxpayers, according to the Central Board of Direct Taxes (CBDT).

"CBDT issues refunds of over Rs. 1,23,474 crore to more than 3.81 million taxpayers between April 1, 2020 to October 13, 2020.

Bank credit grows 5.7% in June quarter: RBI data

Bank credit growth decelerated on a year-on-year basis for the sixth successive quarter and stood at 5.7 per cent in the three months to June 2020, according to the Reserve Bank data.

During the quarter, moderation in advances was witnessed across all bank groups.

Industrial credit contracted by 0.6 per cent y-o-y in June and its share in overall advances declined to 30.8 per cent from 32.8 per cent a year ago, according to the data on Outstanding Credit of Scheduled Commercial Banks for June 2020, released by the RBI.

AYUSH sector set to add momentum to Jan Andolan campaign against Covid-19: Ministry

The AYUSH ministry has urged the Central Council of Indian Medicine and the Central Council Of Homoeopathy to activate the network of about 750 AYUSH medical colleges for promoting Covid appropriate behaviour, adding momentum to the Jan Andolan campaign against the infectious disease.

In a statement, the ministry said on Wednesday that it has started the Jan Andolan campaign on Covid-19.

"This campaign is regarding the Public Health Response to Covid-19: Campaign for COVID-Appropriate Behaviour' which was launched by Prime Minister Narendra Modi this month to encourage people across the country to adopt COVID appropriate behaviour in view of the upcoming festivals and winter season.

Govt buys 5.56 million tonnes kharif paddy at MSP in last 18 days

The Centre on Sunday said about 5.56 million tonnes of kharif paddy worth Rs 10,500 crore has been purchased at minimum support price (MSP) from 4.80 lakh farmers in the last 18 days.

Paddy procurement commenced in Punjab and Haryana from September 26 due to early arrival of the crop, while in other states it began on October 1.

More than 80 per cent of the country's paddy crop is grown in the kharif season. The government through Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP.

India to have 60,000 start-ups, 100 unicorns by 2025: TiE

India is expected to have 60,000 start-ups and 100 companies with valuation of over $1 billion by 2025, a TiE Global report, in association with Zinnov, released on Wednesday said.

The report observed that business recovery of start-ups is back on track after the lockdown. However, 12-15 per cent of start-ups are facing risk of survival and a similar percentage of start-ups have closed their business.

"Despite being in the biggest pandemic we have had, India is going to create same numbers of unicorn in 2020 as we did in 2018 and 2019, which is a testament of our strong ecosystem," TiE Delhi-NCR president Rajan Anandan said while sharing the findings of the report.

Tamil Nadu, 20 other states to borrow additional Rs 78,452 cr to meet revenue shortfall

A day after granting permission to 20 states for mobilising Rs 68,825 crore, the government on Wednesday allowed Tamil Nadu to raise an additional Rs 9,627 crore through open market borrowings to bridge the revenue shortfall caused by the Covid-19 pandemic.

These 21 states will cumulatively borrow an additional amount of Rs 78,452 crore.

"The permission was issued after the State (Tamil Nadu) formally communicated its acceptance for Option-1 to meet the shortfall arising out of GST implementation. 21 States and 2 Union Territories, Delhi and Jammu & Kashmir, have so far requested Option-1," an official statement said.

The borrowing permission issued to the 21 states is over and above the borrowing permission of around Rs 1.10 lakh crore to be issued to enable states to meet the revenue shortfall arising out of GST implementation, it said, adding a special window is being created by the Ministry of Finance to facilitate this borrowing.

All 4 labour codes likely to be implemented from Apr 1 next year: Labour Secy

All four labour codes are likely to be implemented in one go from April 1, the beginning of the next fiscal year, Labour Secretary Apurva Chandra said on Wednesday.

Parliament in its just concluded session passed three labour code bills: the Industrial Relations (IR) Code, the Social Security Code, and the Occupational Safety, Health and Working Conditions Code (OSH).

The Wage Code Bill, 2019 was passed by Parliament last year.

Last month, Labour Minister Santosh Gangwar had said that efforts would be made to complete the labour reforms by implementing the all four labour codes by December this year.

Loan moratorium: Implement interest waiver as soon as possible, says SC

The Supreme Court Wednesday said the centre should implement "as soon as possible" interest waiver on loans of up to Rs 2 crore under the RBI moratorium scheme in view of the Covid-19 pandemic, saying the common man's Diwali is in the government's hands.

The apex court sought know from the Centre as to whether the benefit of loan interest waiver for borrowers of up to Rs 2 crore during the moratorium period has percolated to the common man.

The court, which observed that it is concerned about how benefit of interest waiver would be given to borrowers, said the Centre has taken a welcome decision by taking note of plight of common man but authorities have not issued any order in this regard.

Something concrete has to be done, a bench headed by Justice Ashok Bhushan said, adding, Benefits of waivers to borrowers up to Rs 2 crore must be implemented as soon as possible.

Cabinet nod to Rs 3,874 cr spending on stocking oil

The Union Cabinet on Wednesday gave approval to Rs 3,874 crore spending on stocking low priced oil in India's three strategic underground crude oil storages.

The Cabinet Committee on Economic Affairs (CCEA) also allowed Abu Dhabi National Oil Co, which has hired a part of the strategic storage, to trade the stocked oil, union Minister Prakash Javadekar told reporters here.

India saved over Rs 5,000 crore when the country in April-May used two-decade low international oil prices to fill up its three strategic underground crude oil storages.

Govt always open for discussion with farmers on new farm laws: Javadekar

The government is always open for discussion with farmers on new farm laws, union minister Prakash Javadekar said amid farmer bodies from Punjab boycotting a meeting, convened in the national capital, demanding minister-level talks.

About 29 organisations representing farmers boycotted the meeting, saying there was no minister present to hear their concerns. They protested outside Krishi Bhavan and tore copies of new farm laws.

India's public debt ratio to jump to 90 per cent because of Covid-19: IMF

India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to Covid-19, the IMF said on Wednesday.

"In our projections, the increase in public spending, in response to Covid-19, and the fall in tax revenues and economic activity, will make public debt jump up by 17 percentage points to almost 90 per cent of GDP, Vitor Gaspar, Director of the IMF's Fiscal Affairs Department told PTI.

"Going forward it is projected to stabilise in 2021, before slowly declining up to the end of the projection period, in 2025. Broadly speaking the pattern of public debt in India is close to the norm around the world, he said.

Countries will need to rebuild fiscal buffers over the medium term to long term: IMF

The International Monetary Fund said on Wednesday that the governments around the world have responded to the COVID-19 pandemic with discretionary fiscal measures amounting to USD 11.7 trillion and now they will have to rebuild the fiscal buffers over the medium-term to long-term period.

Swift and decisive fiscal action was crucial to save lives, support vulnerable people and firms, and mitigate the economic contraction, said Vitor Gaspar, Director of the IMF's Fiscal Affairs Department.

But the sharp increase in primary deficits together with the deep fall in economic activity caused the global public debt to jump up to close to 100 per cent of GDP, in 2020.

"Going forward, over the medium-term, public debt is projected to stabilise, at a high level close to 100 per cent of GDP - up to 2025, Gasper told.

50 teams of CPCB to keep a check on polluting activities in Delhi-NCR: Govt

In order to step up efforts for ensuring better air quality in the upcoming winter season, strict vigil will be maintained against polluting activities in Delhi and neighbouring towns, the Ministry of Environment said on Wednesday.

Fifty teams of the Central Pollution Control Board (CPCB) will be deployed to make extensive field visits from October 15 this year till February 28 next year, it said.

In a statement, the Ministry of Environment said the teams will visit Delhi and NCR towns -- Noida, Ghaziabad, Meerut in Uttar Pradesh; Gurugram, Faridabad, Ballabgarh, Jhajjar, Panipat, Sonepat in Haryana; and Bhiwadi, Alwar, Bharatpur in Rajasthan.

These teams will specifically focus on hotspot areas where the problem is aggravated, it said.

Cabinet okays 'STARS' project to help states better education outcomes

The Cabinet on Wednesday approved a World Bank supported 'STARS' project that will support states in terms of education, said Union Information and Broadcasting Minister Prakash Javadekar.

This project will be implemented as a new centrally-sponsored scheme under the Department of School Education & Literacy, Ministry of Education. The 6 states that are covered are Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha.

The World Bank-supported programme is known as Strengthening Teaching-Learning and Results for States (STARS). The cost of this project is going to be Rs 5,718 crore with financial support of the World Bank amounting to $500 million, said the Centre.

Union Cabinet approves Rs 520-crore package under NRLM for J&K and Ladakh

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a special package of Rs 520 crore for Jammu and Kashmir and Ladakh under the National Rural Livelihood Mission (NRLM), Union Minister Prakash Javadekar said.

Addressing a press conference, Javadekar said the package will ensure sufficient funds under the mission to both the Union Territories.

The decision is in line with Centre's aim to universalise all centrally sponsored beneficiary-oriented schemes in Jammu and Kashmir and Ladakh in a time-bound manner, he said.

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

The gross non-performing assets (NPAs) ratio of Indian banks is likely to be 11 to 11.5 per cent by end of current fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating.

Besides, the asset quality data post the COVID-19 lockdown is uncertain due to a developing regulatory scenario. Multiple stakeholder objectives and moratorium computation with various firms have varying ways of computing moratorium, said the rating agency.

The disruptions caused by coronavirus pandemic have further deteriorated the health of banking industry which was already reeling under severe stress for several years.

Delhi govt to frame policy for coaching institutes; lay down norms for fees

The Delhi government is in the process of formulating a policy for regulation of private coaching centres functioning in the capital and frame guidelines with respect to basic facilities, fee and safety measures, according to officials.

Noting that private coaching centres are running a parallel education system and are still out of the ambit of any regulation and running without any statutory compliances leading to serious hazards to students, the government has asked institutes with enrolment of more than 20 students to register themselves with the Directorate of Education (DoE).

The government also proposes to collect the data of such institutes and details of their infrastructure, land area, basic facilities, fee structure, safety standards etc.

39.43 lakh domestic air passengers in Sept, 66% lower than last year: DGCA

A total of 39.43 lakh domestic passengers travelled by air in September this year, 66 per cent lower than the corresponding period last year, the country's aviation regulator DGCA said on Wednesday.

As many as 21.07 lakh and 28.32 lakh people travelled by air domestically this July and August, respectively, the regulator had said last month.

While IndiGo carried 22.66 lakh passengers in September, a 57.5 per cent share of the total domestic market, SpiceJet flew 5.3 lakh passengers, which is 13.4 per cent share of the total market, according to data shared by the DGCA.

Supreme Court on loan moratorium case LIVE:

Justice Bhushan says that he understands that the case cannot be finished today but that they would like to hear SG for sometime, the Live Law reports 

Taking action against all violators of pollution norms, be it PWD or MCDs: Gopal Rai

Environment Minister Gopal Rai on Wednesday said strict action is being taken against those flouting dust control norms, be it the Delhi government's Public Works Department or municipal corporations.

The minister said the issue of pollution is related to people's health and all agencies are equally responsible for its prevention and control.

"It doesn't matter which agency it is ... be it PWD or MCDs, all have to take measures to prevent dust pollution. Strict action is being taken against those not following the government's directions," he told reporters during the inspection of the Chandni Chowk Redevelopment Project site.

The minister had on Tuesday issued directions to impose a fine of Rs 20 lakh on North Delhi Municipal Corporation for violating dust control guidelines at Bhalswa landfill site.

Interest waiver case will take more time, says a TV report

Interest waiver case to take more time. Court now hearing the case of Fmr Punjab DGP Sumedh Singh Saini facing charges of abduction, murder, according to a report by the CNBC. 

Discussions on extending loan moratorium and accruing interest rates begin

Matter pertaining to loan moratorium extension and accruing interest rates amid the pandemic situation begins in Supreme Court. (LiveLaw) 

Hathras case: Security deployed to ensure protection of victim's family & witnesses, UP tells SC

he Uttar Pradesh government informed the Supreme Court on Wednesday that a three-fold protection mechanism has been put in place for security of the victim's family members and witnesses in the Hathras case in which a Dalit girl was allegedly brutally raped and died due to injuries.

The state government, which earlier said that probe into the case may be conducted by the CBI in a time-bound manner, has said that the court may direct CBI to submit fortnightly status reports on the investigation to the state government which can be filed by the DGP, UP, in the Supreme Court.

The UP government had expressed willingness before the top court to refer the investigation to the CBI on the ground that fake narratives were being spread about the case with political motives.

Russian-US crew launches on fast track to the space station

A trio of space travelers has launched successfully to the International Space Station, for the first time using a fast-track maneuver to reach the orbiting outpost in just three hours.

NASA's Kate Rubins along with Sergey Ryzhikov and Sergey Kud-Sverchkov of the Russian space agency Roscosmos lifted off as scheduled Wednesday morning from the Russia-leased Baikonur space launch facility in Kazakhstan for a six-month stint on the station.

For the first time, they are trying a two-orbit, three-hour approach to the orbiting space outpost. Previously it took twice as long for the crews to reach the station.

75% of India startups steadily recovering post lockdown: Report

India's startup ecosystem is recovering faster than expected as a new report on Wednesday said that investor interest is quickly getting back to pre-Covid levels while 75 per cent of start-ups are gradually, but steadily, recovering.

This is despite the fact that the Covid-19 jolted the India startup ecosystem across multiple dimensions and the impact was severe during the lockdown period from March to June 2020, said the report by TiE Delhi-NCR, part of the global non-profit TiE network, and Zinnov, a global management, and strategy consulting firm.

There was a dip in overall funding by 50 per cent during the lockdown as compared to pre-Covid levels. 

Rahul Gandhi takes a dig at the govt over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year

WPI inflation rises to 1.3% in September mainly on costlier food items

The wholesale price-based inflation rose to 1.32 per cent in September mainly on the back of costlier food articles.
 
"The annual rate of inflation, based on monthly WPI, stood at 1.32 per cent (provisional) for the month of September, 2020 (over September, 2019) as compared to 0.33 per cent during the corresponding month of the previous year," government data showed on Wednesday. Read on...

'Need to provide zoo animals food as per diet chart': Assam Minister over beef row

Responding to the demand to exclude beef from the diet of animals, Assam Minister of Environment and Forest Parimal Suklabaidya said the animals living in zoos could have been given buffalo meat instead of beef but the state does not have many buffaloes. He added that the authorities need to provide food to animals as per their diet chart.
 
"They (wildlife) cannot survive on mutton or pork alone, could have been given buffalo meat instead of beef but we don't have many buffaloes in Assam. We float tenders to get beef, buffalo meat, mutton, pork," Suklabaidya said.
 
Earlier this week, an Assam BJP leader held a small protest outside the main gate at Guwahati Zoo demanding no beef be served to the carnivores, especially tigers.

Hit-and-run case: Delhi minor held for mowing down 2 sisters

The Delhi Police has apprehended a 17-year-old boy involved in a hit-and-run accident in Delhi's Model Town in which two minor sisters were killed and their 6-year-old brother and one other person injured, police said on Wednesday.
 
"We have seized a Honda City car involved in the accident and held the minor, a Class 12 student, who was behind the wheels at the time of the accident," DCP North-West Vijayanta Arya said.
 
According to the police, the accident took place on Monday night near Gurdwara Nanak Piao on the GT Road.
 

Loan moratorium case: Opposing any extension of loan moratorium, RBI has filed an affidavit in the top court

Opposing any extension of loan moratorium, RBI has filed an affidavit in the top court stating that it has largely accepted and notified Kamath Committee recommendations on loan restructuring for big borrowers.
 

Loan moratorium case: RBI has urged the SC to not undermine its regulatory mandate and lift the stay on the classification of NPAs

RBI has urged the Supreme Court to not undermine its regulatory mandate and lift the stay on the classification of NPAs to ensure the banking system isn't adversely affected.

Pak re-elected to UN Human Rights Council; China sees drop in standing

Pakistan and Nepal have been re-elected to the UN Human Rights Council, while China won a seat by the smallest margin showing a drastic drop in standing.
 
In Tuesday's voting at the General Assembly China received only 139 votes compared to the 180 it received in 2016, the last time it was elected to the Council and its tally of votes was the lowest of the 15 countries elected. Read on...

Loan moratorium case LIVE

On September 3,  Supreme Court on protected those accounts from being declared as Non-performing Assets (NPAs) which were not classified as NPAs on August 31 till case is disposed off.

SC to commence hearing on pleas seeking extension of Covid-19 induced loan moratorium

SupremeCourt’s Justice Ashok Bhushan led bench will shortly commence hearing on plea(s) seeking extension of the Covid19 induced loan moratorium & waiver of accruing interest.

Delhi pollution: Air quality deteriorates in the national capital with rise of pollutants in the atmosphere

Air quality deteriorates in the national capital with rise of pollutants in the atmosphere; visuals from Anand Vihar where Air Quality Index is at 275 in 'poor' category.

India set to slip below Bangladesh in 2020 per capita GDP, says IMF

Bangladesh is set to beat India in terms of per capita gross domestic product (GDP) this calendar year, thanks to a sharp contraction in the Indian economy due to Covid-19 and the economic lockdown.
 
According to International Monetary Fund (IMF)-World Economic Outlook (WEO), Bangladesh’s per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888. India’s per capita GDP, on the other hand, is expected to decline 10.5 per cent to $1,877 – the lowest in the last four years. The GDP figure for both countries is at current prices. This makes India the third poorest country in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, while Bangladesh, Bhutan, Sri Lanka, and Maldives would be ahead of India. Read on...

Uttarakhand: Upper Ganga Canal to remain closed from October 15 to November 15

Uttarakhand: Upper Ganga Canal to remain closed from the midnight of October 15 to midnight of November 15, 2020 for repair and maintenance work ahead of Haridwar Kumbh 2021.

Telangana: Various parts of Hyderabad face waterlogging and flooding due to heavy rainfall

The possibility of foul play/sabotage can't be denied in the power outage incident of Mumbai: Nitin Raut

GST shortfall: Govt allows 20 states to borrow Rs 69,000 crore more

A day after the goods and services tax (GST) Council meeting ended in a deadlock, the Centre on Tuesday allowed 20 states to borrow an additional Rs 68,825 crore through the market to make up for the compensation shortfall amid inadequate cess collection.
 
Meanwhile, dissenting states like Kerala, West Bengal, Punjab and Chhattisgarh said they are exploring legal options, including moving the Supreme Court, to counter the Centre’s move.

Kareem Daniel rises from intern to streaming czar in Disney's shake up

As a kid, Kareem Daniel used to spend hours at the comic-book store at his local mall poring over the titles, sometimes with his mom waiting patiently in the car.
 
On Monday, he ascended to a top job at the dominant force in comic-book lore -- and many other forms of entertainment -- Walt Disney Co. Read on...

Reliance Jio continues to remain the fastest mobile network: Trai

Reliance Jio continues to remain the fastest mobile network, with an average download speed of 19.3 megabits per second (mbps), while Vodafone recorded the highest speed in terms of upload in September, according to the latest data from the telecom regulator. Read on...

Bengaluru riots: Police names Congress corporators in charge sheet

The Bengaluru police's Central Crime Branch, which is probing the Bengaluru riots case triggered by an alleged insidious social media post, has filed a preliminary charge sheet, naming former Congress mayor R. Sampath Raj and Congress corporator of Pulakeshinagar, Abdul Rakeeb Zakir as accused.
 
CCB sources said that both Congress leaders have been named in the 850-page preliminary charge sheet filed on Monday, but did not divulge further details.
 
Raj and Zakir had been questioned earlier, but were not arrested so far. However, the CCB arrested Raj's personal assistant Arun Kumar on August 19 for allegedly remaining in touch with alleged conspirators of the riots. Read on...

NEET 2020: Students who could not appear for the exam due to Covid-19 infection or because of containment zone restrictions will get a chance to appear for it

The result of medical entrance exam NEET will be announced on October 16, Union Education Minister Ramesh Pokhriyal ‘Nishank’ said Monday. Students who could not appear for the exam due to COVID-19 infection or because of containment zone restrictions will get a chance to appear for it on October 14.
 

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