LIVE: SC to hear petition seeking release of Mehbooba Mufti tomorrow

Mehbooba Mufti
A state-wide bandh would be observed in Karnataka today by various farmers' organisations, protesting the amendments to the APMC and land reforms Acts made by the B S Yediyurappa government in the state.

Prime Minister Narendra Modi and his Danish counterpart Mette Frederiksen would hold a virtual summit today that will provide a broad political direction to strengthen the collaborative bilateral partnership, the Ministry of External Affairs said on Sunday.

The Congress in Haryana has announced over a month-long agitation against the Centre's farm-related Bills from today.

Schools for classes 9-12 will resume in Bihar from today. Attending classes will not be mandatory, according to an order issued by the state's education department.

Meanwhile, China has lifted its ban on valid visas imposed earlier this year due to the Covid-19 pandemic and said that foreign nationals holding Chinese residence permits in three categories are allowed to enter the country from Monday without obtaining new visas.

Stay tuned for the latest news of the day.


2:10 AM IST Oil prices rose 1 per cent on Monday as global equities rallied on hopes for another US stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.   Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22 per cent. US West Texas Intermediate settled at $40.60 a barrel, rising 35 cents, or 0.87 per cent.   "In my opinion, the most likely event capable of moving the crude oil market to the next level would be the passing of a coronavirus stimulus package," said Bob Yawger, director of energy futures at Mizuho.   Oil followed Wall Street higher as American political talks continued for another Covid-19 relief bill after US House Speaker Nancy Pelosi on Sunday said she thought a deal could be reached with the White House.

1:16 AM IST The United Nations estimates that illegal outflows of capital from Africa totaled over $830 billion in the first 15 years of this century, much of it linked to movements of high-value commodities like gold, diamonds, and platinum straining the ability of the continent's governments to provide services like healthcare, education, and infrastructure.   The UN Conference on Trade and Development on Monday focused the latest edition of its annual report on economic development in Africa to the issue of illicit financial flows, or illegal movements of money and assets across borders. In Africa, it has often involved theft, corruption, and flawed invoicing of shipments.   From 2013 to 2015 the last year for which data was available such outflows rose to nearly $89 billion a year on average. By comparison, the combined total of both official development assistance and foreign direct investment received by Africa during that three-year span averaged $102 billion annually.

11:02 PM IST US President Donald Trump said on Monday he paid "many millions of dollars in taxes" and that he had many more assets than debt, but did not provide evidence or promise to release any financial statements before the Nov. 3 election.   In a series of Twitter posts, the Republican president responded to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.   "I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits," he wrote. "I am extremely under leveraged - I have very little debt compared to the value of assets."   The Republican president, who will face Democratic rival Joe Biden on Tuesday night for their first presidential debate, said he had "extraordinary assets" and boasted a "very IMPRESSIVE" financial statement.

LIVE UPDATES

Oil up 1% on economic hope; virus fears check price gains

Oil prices rose 1 per cent on Monday as global equities rallied on hopes for another US stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.
 
Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22 per cent. US West Texas Intermediate settled at $40.60 a barrel, rising 35 cents, or 0.87 per cent.
 
"In my opinion, the most likely event capable of moving the crude oil market to the next level would be the passing of a coronavirus stimulus package," said Bob Yawger, director of energy futures at Mizuho.
 
Oil followed Wall Street higher as American political talks continued for another Covid-19 relief bill after US House Speaker Nancy Pelosi on Sunday said she thought a deal could be reached with the White House.

Africa lost $800 billion in illegal transfers in recent years: UN

The United Nations estimates that illegal outflows of capital from Africa totaled over $830 billion in the first 15 years of this century, much of it linked to movements of high-value commodities like gold, diamonds, and platinum straining the ability of the continent's governments to provide services like healthcare, education, and infrastructure.
 
The UN Conference on Trade and Development on Monday focused the latest edition of its annual report on economic development in Africa to the issue of illicit financial flows, or illegal movements of money and assets across borders. In Africa, it has often involved theft, corruption, and flawed invoicing of shipments.
 
From 2013 to 2015 the last year for which data was available such outflows rose to nearly $89 billion a year on average. By comparison, the combined total of both official development assistance and foreign direct investment received by Africa during that three-year span averaged $102 billion annually.

After New York Times revelations, Trump says he paid millions in taxes

US President Donald Trump said on Monday he paid "many millions of dollars in taxes" and that he had many more assets than debt, but did not provide evidence or promise to release any financial statements before the Nov. 3 election.
 
In a series of Twitter posts, the Republican president responded to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017, after years of reporting heavy losses from his business enterprises.
 
"I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits," he wrote. "I am extremely under leveraged - I have very little debt compared to the value of assets."
 
The Republican president, who will face Democratic rival Joe Biden on Tuesday night for their first presidential debate, said he had "extraordinary assets" and boasted a "very IMPRESSIVE" financial statement.

Pandemic boosting demand for plant-based foods, Nestle says

Demand for plant-based foods has picked up during the coronavirus crisis as consumers try to eat more healthily and problems at some factories have hit meat supplies, the head of Swiss food giant Nestle said on Monday.
 
The world's biggest packaged food company is investing heavily in plant-based products as it looks to step up innovation and meet the challenge of trendy local food brands.
 
In the coming days, it is launching a plant-based Nesquik milk drink and a new version of its vegan burger.
 
"The interest in plant-based alternatives has been on the rise for a number of reasons," Chief Executive Mark Schneider told Reuters, citing problems in the North American meat supply chain.

SC to hear petition seeking release of Mehbooba Mufti tomorrow

Punjabi singers, actors hold protest in support of farmers

Several Punjabi singers and actors such as Ammy Virk and Deep Sidhu held a protest here on Monday in solidarity with the farmers agitating against the new farm laws.
 
Prominent among them who took part in the protest also included Kanwar Grewal, Ranjit Bawa and Resham Singh Anmol. They exhorted people to join hands in farmers' fight against the farm laws.
 
"The time has come for artists and the youth to come together against the government to force it to withdraw the farm laws. Every section of the society is with farmers," said Bawa.

Kolkata Metro to resume services on Sundays from October 4

The Kolkata Metro Railway on Monday said it will resume services on Sundays from October 4. The first service will commence from both ends at Noapara and Kavi Subhash stations at 10.10 am and the last one will start at 7.30 pm, an official said.
 
The Sunday services will, however, be available only in the north-south line, excluding the East West Metro, spokesperson Indrani Banerjee said.
 
The East West Metro has been suffering from poor passenger patronisation, with only a little over a 100 people riding it on weekdays.
 

Paytm Money aims to onboard over one million investors this fiscal

Paytm's wholly-owned subsidiary Paytm Money on Monday said it aims to onboard over 1 million investors this fiscal for its stockbroking services.
 
Paytm Money, which had started early access programme for the stockbroking service, has already registered over 220,000 investors, a statement said.
 
"The company aims to onboard over 1 million investors this fiscal with the majority of them as first-time users from small cities and towns...The company is striving to become the most comprehensive online wealth management platform in India driving financial inclusion for the masses," it added.

RBI extends enhanced borrowing limit for banks under MSF till March 31

Amid the ongoing economic woes created by the coronavirus pandemic, the Reserve Bank has decided to extend by six months the enhanced borrowing facility provided to banks to meet liquidity shortage till March 31, 2021.

The RBI, as a temporary measure, had increased the borrowing limit for scheduled banks under the marginal standing facility (MSF) scheme from 2 per cent to 3 per cent of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020.

The facility, which was initially available up to June 30, 2020 was later extended up to September 30, 2020 in view of the disruptions caused by the Covid-19 pandemic.

 

France to release $49 billion in economic stimulus next year

France's government presented its 2021 budget on Monday, a plan that aims to rescue the country's beleaguered economy from the impact of the coronavirus pandemic by injecting a 42 billion-euro ($49 billion) stimulus next year.
 
Finance Minister Bruno Le Maire said we are convinced that France can recover, and quickly recover, following a Cabinet meeting.
 
France's economy is expected to shrunk 10 per cent this year, in its worst recession since World War II. Earlier this month, French President Emmanuel Macron's centrist government unveiled a 100 billion-euro ($117 billion) recovery plan aimed at creating jobs and saving struggling businesses.

Guv demeaning his post, behaving like state president of BJP: TMC

Trinamool Congress Monday came down heavily on Governor Jagdeep Dhankhar for his comments against the state government and said "instead of demeaning the post he holds, he should take over as the BJP state president".
 
Dhankhar on Monday claimed that the TMC government has turned West Bengal into a "police state" and said he would be forced to "look at" Article 154 of the Constitution as his office has been ignored for long by the ruling dispensation.
 
Article 154 of the Constitution mandates that the executive power of the state shall be vested in the Governor and shall be exercised by him either directly or through officers subordinate to him.
 

Punjab's Kisan Mazdoor Sangharsh continues 'rail roko' agitation to protest Farm Bills

Defence Ministry approves acquisition of arms, military equipment worth Rs 2,290 cr

The defence ministry on Monday approved the procurement of arms and military equipment worth Rs 2,290 crore, including around 72,000 Sig Sauer assault rifles from the US for troops guarding the borders with China and Pakistan, officials said.

The proposals were approved at a meeting of the Defence Acquisition Council (DAC), the defence ministry's highest decision-making body on procurement of arms and other equipment for the country's armed forces.

Besides clearing the proposal to buy assault rifles, the other significant acquisitions approved by the DAC include procurement of smart anti-airfield weapon (SAAW) systems for the Navy and the Indian Air Force at an approximate cost of Rs 970, the officials said.

Desi startups lap up $63 bn since 2016, spawn 27 unicorns

The startups ecosystem has raised as much as $63 billion in growth capital between 2016 and 2020, when they spawned 27 unicorns, according to the data collated by the Indian Private Equity and Venture Capital Association and Praxis Global Alliance.
 
According to them, this makes India the third largest tech startup ecosystem in the world. Of the total inflows, nearly half came in 2019 alone -- $34 billion and USD 17 billion in 2020 till May.
 
The time period also created as many as 27 unicorns in the country. Unicorns are those with $1 billion or more valuation. Tech-enabled players continue to drive investors' interest and have dominated the early stage funding landscape here.
 

Bharat Vikas Parishad contributes Rs 2.11 cr to PM Cares Fund: Govt

A non-profit making social organisation, Bharat Vikas Parishad (BVP), has contributed Rs 2.11 crore to the PM CARES Fund through Union Minister Jitendra Singh, according to a statement issued by the Personnel Ministry on Monday.
 
Acknowledging the contribution, Singh said, Prime Minister Narendra Modi enjoys a very high degree of faith, trust and credibility among the people and that is why whenever he gives a call for any cause, it spontaneously transforms into a mass movement.
 
"We saw this when he gave a call for Swachh Bharat Mission and building of toilets, for surrendering gas subsidy or observing early lockdown and other guidelines in view of the coronavirus pandemic," he said.
 

Arunachal may reopen for tourists after October: CM

Arunachal Pradesh Chief Minister Pema Khandu on Monday hinted that the state will reopen for tourists after October.
 
Attending a virtual programme organised by the central government, Khandu said that the tourism sector has suffered a lot in the last six months due to the Covid-19 pandemic which affected the livelihood of thousands of people and dented the state's revenue.
 
"Tourism is one major source of revenue and employment. Keeping all considerations in mind, we will be re-opening the sector. If everything goes well, after October we will be open to visitors," he said at the Destination North East programme.
 

Corp Affairs Min extends deadline for various schemes amid Covid-19

Providing relief to companies amid the coronavirus pandemic-induced disruptions, the government has extended the duration of "several schemes" till December 31, including the fresh start scheme.
 
The corporate affairs ministry has extended the Companies Fresh Start Scheme and the LLP Settlement Scheme, besides allowing companies to conduct EGMs (extraordinary general meetings) and board meetings through video conference or other audio-visual means till end of this year.
 
Further, the scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 as well as the deadline for independent directors to register themselves on a data bank for them has been extended.
 

NIA to have new branches in Imphal, Chennai and Ranchi

The Ministry of Home Affairs has approved three new branches for the National Investigation Agency in Imphal, Chennai and Ranchi, an NIA official said on Monday.
 
The decision will help in responding quickly to any emergent situation in the concerned states by the premier anti-terror investigation agency, the official said. It will also strengthen the NIA's capability in investigation of terrorism-related cases and other national security-related matters, the official said.
 

UP govt bags 8 awards for implementation of Garib Kalyan Rozgar Abhiyan

The Uttar Pradesh government has got eight awards for implementation of the Centre's Garib Kalyan Rozgar Abhiyan (GKRA) for the benefit of labourers, officials said here.
 
"UP has got overall first position in the country while among the districts, Prayagraj, Hardoi and Fatehpur have bagged the first, second and third ranks respectively," an official statement issued here said. In non-GKRA category, Bareilly and Aligarh have secured first and second positions respectively, it said.
 

Paytm brings back UPI cashback, scratch cards

Fintech major Paytm on Monday said it has brought back 'Paytm Cricket League' with UPI cashback and scratch cards on its platform, weeks after these features were removed after Google briefly blocked the app on Play store for policy violation.

Users can now collect stickers of cricket stars as they pay digitally for their mobile bills, recharges, buying groceries or money transfers. Once they have a complete set, they can redeem it for cashback up to Rs 1,000, a statement said.

"We are excited to bring Paytm Cricket League back on our app to reward users with UPI cashback on reaching various milestones, accomplished by collecting player stickers. We maintain that our promotional campaign was within guidelines and there was no violation," a Paytm spokesperson said.

Railways may charge Rs 10-35 user fees in train fares for using redeveloped stations: Sources

Railway passengers may have to shell out additional Rs 10-Rs 35 for their ticket fares as user charges for availing redeveloped stations with state of the art amenities and to help the national transporter in raising funds for redeveloping more stations, sources indicated. This is part of a proposal being finalised by the Railways which will soon be sent for Cabinet nod, the sources said.

The user fee, the sources said, will vary according to the class -- it would range between Rs 10 and Rs 35 with the higher price for AC first class passengers.

The Railways had earlier clarified that user fee would be levied only across stations which will be redeveloped and those that have high footfalls.

Maharashtra prepares guidelines to restart restaurant, yet to finalise

Automobile dealers expect flat or moderate growth in festive season: ICRA

Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the impact of the coronavirus pandemic, according to ratings agency ICRA.
 
Across India, theautomobile dealershipscontinue to face tough times. They are among the worst impacted segments within the entire automotive value chain, ICRA said in a statement. Read more

No conclusion reached in Rajput death case, all aspects being probed: CBI

The CBI has not reached any conclusion in the death case of actor Sushant Singh Rajput and all aspects are under investigation, the agency said on Monday.
 
"The Central Bureau of Investigation is conducting professional investigation related to death of Shri Sushant Singh Rajput in which all aspects are being looked at and no aspect has been ruled out as of date," a CBI spokesperson said in statement.
 
Rajput, 34, who made his silver screen debut in the critically acclaimed 'Kai Po Che' seven years ago, was found dead in his apartment in suburban Bandra in Mumbai on June 14 this year.

Sebi comes out with guidelines for investment advisers in IFSC

Markets regulator Sebi on Monday came out with a new framework for investment advisers operating in international financial services centre (IFSC).

Under the framework, any entity, being a company or a limited liability partnership (LLP) or any other similar structure recognised under the laws of its parent jurisdiction, desirous of operating in IFSC as an investment adviser (IA), may form a company or LLP to provide investment advisory services, Sebi said in a circular. It further said the formation of a separate company or LLP will not be applicable in case the applicant is already a company or LLP in IFSC.

 

AP CM requests union govt to confer Bharat Ratna upon SP Balasubrahmanyam

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Monday requested the Government of India to confer the nations highest civilian award 'Bharat Ratna' upon legendary singer S P Balasubrahmanyam, who passed away on September 25.
 
"This will be the highest recognition to his (SPBs) remarkable work which lasted for five decades and stays in our memory forever," he said in a letter to Prime Minister Narendra Modi.
 
"Our state of Andhra Pradesh is fortunate being the birthplace (SPS Nellore district) of the great music maestro S P Balasubrahmanyam.

Gold declines Rs 194 to Rs 50,449/10gm; silver also tanks Rs 933

Gold in the national capital went down by Rs 194 to Rs 50,449 per 10 grams on Monday amid weak global prices of the precious metal, according to HDFC Securities. In the previous trade, gold had closed at Rs 50,643 per 10 gram.

Silver also declined Rs 933 to Rs 59,274 per kilogram from its previous close of Rs 60,207 per kilogram.

Oil steady as surging virus cases cloud demand outlook

Oil prices were steady on Monday but on track for their first monthly fall since April as rising coronavirus cases continued to spur concerns about demand. Brent crude rose 12 cents, or 0.3%, to $42.04 a barrel by 1151 GMT. U.S. West Texas Intermediate was at $40.36 a barrel, up 11 cents or 0.3%.

"Dollar strength and macroeconomic uncertainty are likely to keep dominating oil's agenda this week," said BNP Paribas analyst Harry Tchilinguirian, noting a firming dollar has helped mitigate recent losses.

Nagpur University to conduct exams via app from October 1

Nearly 78,000 students of the Nagpur University in Maharashtra will appear for their final year exams online through a mobile app from October 1 in the wake of the Covid-19 pandemic, officials said on Monday.
 
Students can download the 'RTMNU Pariksha' app from the Google Playstore or website of the Rashtrasant Tukadoji Maharaj Nagpur University on Android-based phones, the university's board of examination director Prafulla Sabale said.
 
The online exams will consist of 50 multiple choice questions, out of which students will have to solve 25 questions, the official said.

Record 272,000 new PNG connections provided in FY20

Indraprastha Gas Ltd, the gas retailer in the national capital and cities around it, on Monday said it gave out record 272,000 new connections for piped cooking gas to household kitchens during the financial year 2019-20. Also, the firm set up 55 new CNG stations during April 2019 and March 2020, taking the total number of CNG stations set to 557.
 
This was announced by IGL Chairman P K Gupta while addressing the shareholders at the 21st annual general meeting (AGM) of the company.
 
Addressing the shareholders, Gupta said that driven by higher volumes, the net profit of IGL rose 44 per cent in 2019-20 to Rs 1,137 crores.

Amazon Prime Day to take place October 13-14

Amazon has announced that it will hold its much-awaited annual sale event Prime Day on October 13-14, putting an end to uncertainties surrounding the event amid the Covid-19 pandemic. This year's event will feature "incredible savings and deep discounts" on more than one million deals across every category, Amazon said on Sunday.

Last year, the sales holiday was conducted in mid-July, but the pandemic this year disrupted its schedule.

While traditionally the event is held simultaneously for all participating markets, this year Prime Day in India took place last month, ahead of the other markets.

 

Watch: MP Congress workers protest in Bhopal over condition of health services

Labour Ministry allays fears about Labour Codes

The Ministry of Labour and Employment on Monday allayed apprehensions about the Labour Codes passed last week by Parliament, saying the "criticisms being aired are misfounded". The ministry in a statement termed the bills as historical game changer reform bills.

"The criticisms being aired are misfounded", it asserted.

In a pointed clarification on raising employee limit of smaller units for closure to 300, the ministry has underlined that the department-related Parliamentary Standing Committee had also recommended increase in threshold from 100 workers to 300 workers for seeking prior permission for retrenchment, lay-off and closure.

AIADMK's CM nominee for 2021 polls to be announced on Oct 7

The AIADMK's chief ministerial candidate for the 2021 Tamil Nadu assembly elections would be announced on October 7, a senior leader of the ruling party said here on Monday.

The Chief Ministerial candidate would be made known by top AIADMK leaders O Panneerselvam and K Palaniswami, party Deputy Coordinator K P Munusamy told reporters here after a five-hour long meeting of the party Executive Committee here.

 

RBI clears 3-member board committee to oversee Lakshmi Vilas Bank

After shareholders ousted seven directors of the board, the Reserve Bank of India has approved appointment of three-member Committee of Directors (CoD) to run the daily affairs of debt-ridden Lakshmi Vilas Bank (LVB). This CoD will exercise the discretionary powers of MD & CEO in the ad-interim, the bank said in a statement on Monday.

The RBI on September 27 appointed the CoD composed of three independent directors Meeta Makhan, Shakti Sinha, and Satish Kumar Kalra, it said, adding that the committee will be headed by Meeta Makhan.

On Friday, shareholders of LVB ousted seven directors, including its MD & CEO and auditors at the AGM.

Pakistan opens fire along LoC in J-K's Macchil sector; soldier injured

A soldier was injured as Pakistani troops violated the ceasefire on Monday by shelling with mortars and firing other weapons in Machhil sector along the Line of Control in Jammu and Kashmir.

The injured soldier was shifted to a hospital, and his condition is stable, a defence spokesperson said. "Pakistan initiated an unprovoked ceasefire violation along LoC in Macchil sector of Kupwara district this morning by firing mortars and other weapons," the official said.

"Indian Army is responding to the ceasefire violation by Pakistan in a befitting manner," he added.

ICRA revises forecast, pegs India's FY21 GDP contraction at 11%

Ratings agency ICRA has revised its forecast for the contraction in India's FY21 GDP to 11 per cent from its earlier assessment of 9.5 per cent.

The ratings agency cited the elevated levels of Covid-19 infections at the end of Q2FY21. However, ICRA expects the economic situation to improve in H2FY21 relative to H1FY21.

Besides, the agency revised its year-on-year (YoY) forecasts for Q3FY21 to (-) 5.4 per cent from (-) 2.3 per cent and Q4FY21 to (-)2.5 per cent from (+) 1.3 per cent.

Bengal govt turns down Raj Bhavan's request for additional funds

The West Bengal government has turned down a request from the Governor's House to increase its budget allocation, a senior official said on Monday. The governor's office had written to the state secretariat a couple of times in the recent past, seeking additional funds of Rs 53.5 lakh to meet everyday expenses.
 
The state government, however, expressed its inability to allot more funds, claiming that it has adopted austerity measures amid the Covid-19 pandemic.
 
"The governor's office had sought additional funds of Rs 53.5 lakh. As our state has adopted certain austerity measures to handle expenses during this pandemic, the request was turned down," the official at the state secretariat said.

Rajnath Singh announces Defence Acquisition Procedure 2020

NGT directs Bihar Pollution Control Board to frame guidelines for installation of mobile towers

The National Green Tribunal Monday directed the Bihar State Pollution Control Board to frame guidelines within three months with regard to the installation of mobile towers and its harmful effects.

A bench of Justice S P Wangdi and expert member Dr Nagin Nanda passed the order after noting that although the state pollution control board has initiated actions to deal with the menace caused by mobile towers there are no guidelines. 

Punjab CM says his govt will move Supreme Court over new farm laws

Punjab Chief Minister Amarinder Singh on Monday said his government would approach the Supreme Court over the issue of new farm laws. He also slammed the BJP-led central government, accusing it of snatching the rights of states. "Will it (Centre) leave anything with them to run their states," Singh asked.

Chief Minister Amarinder Singh, along with AICC general secretary and Punjab Affairs in-charge Harish Rawat, Punjab Congress chief Sunil Jakhar along with other leaders on Monday paid tributes to Shaheed Bhagat Singh at Khatkar Kalan village.

Flipkart Wholesale's first-ever festive season sale for fashion retailers

Flipkart Wholesale, the digital B2B marketplace of the e-commerce firm, is launching its first festive season sale since starting operations in August The three-day sale ‘Big Festival Month’ will start from Tuesday, and will feature products in the fashion categories across more than 50 brands, over 100 sellers, and 100,000 members. Read more

J&K govt to ease rules for issuing domicile certificate

Amazon India scales up delivery network ahead of festive season

Amazon India on Monday said it has significantly augmented its delivery network ahead of the festive season by setting up additional delivery stations and scaling up its partnership with kirana stores.
 
The move, which will also help generate employment opportunities, will enable faster and more efficient delivery of packages during the festive season that sees a major spike in orders.

Amazon India has close to 250 Amazon-operated and more than 1,500 partner delivery stations run by more than 280 entrepreneurs across the country to enable deliveries across the country.
 

RBI reschedules MPC meeting, new dates to be announced shortly

The Reserve Bank of India (RBI) on Monday decided to rescheduled this week’s meeting of the Monetary Policy Committee (MPC) and said that the new dates will be announced shortly. The central bank, however, did not give any reason for rescheduling the meet.
 
The interest-setting panel was scheduled to meet for three-days beginning Tuesday for RBI’s bi-monthly monetary policy review.

Digit Insurance expects to break even in FY21, sees topline crossing Rs 3,000 cr

Fairfax Financial-promoted online non-life company Digit Insurance expects to break even this fiscal on the back of robust growth across its key verticals despite the pandemic, a senior company official said.
 
Canadian NRI billionaire Prem Watsa's Fairfax Financial Holdings has pumped $140 million into the nearly-three-year-old non-life insurer.  Other investors of the Bengaluru-based firm, which began operations in December 2017, are A91 Partners, Faering Capital, and TVS Capital which together pumped in $84 million.

SBI rolls out festive offers for retail customers

With the upcoming festive season, the country's largest lender State Bank of India Monday announced a slew of festive offers for its retail borrowers including 100 per cent waiver of processing fee for all customers applying for car, gold, and personal loans through Yono.

For car loan borrowers, it is offering the lowest interest rate starting from 7.5 per cent. They will also get 100 per cent on-road finance on select models.

Karnataka: Protest against Farm laws, land reform ordinances, APMC amendments, labour laws


Congress, allies stage protests against farm bills in Puducherry

The ruling Congress-led Secular Democratic Alliance staged demonstrations in Puducherry and Karaikal on Monday condemning the three Farm Reforms Bills the NDA government at the Centre had passed amid protests by opposition parties recently in Parliament. Chief Minister V Narayanasamy, legislators belonging to the ruling Congress and ally DMK, leaders and workers of the Left parties and other constituents of the alliance participated in the agitations.
 
The participants including the Chief Minister were seen wearing masks and also adhered to safety norms while taking part in the demonstration at the head post office.
 
The participants alleged the three Bills were "utterly injurious to farmers" and would give the upperhand to affluent farmers and big corporates to rule the roost, striking at the root of the well-being of the small and medium farmers.

SC asks UPSC to apprise of arrangements for civil services prelims amid Covid-19

The Supreme Court Monday asked the UPSC to apprise it by tomorrow the "logistical arrangements" made for conducting civil services preliminary exams on October 4 in view of alarming spurt of Covid-19 cases as also floods in various parts of the country.
 
The Union Public Service Commission (UPSC) opposed in the top Court a plea seeking postponement of the prelims amid the pandemic and the floods.
 
In a hearing conducted through video conferencing, a bench comprising Justices A M Khanwilkar, B R Gavai and Krishna Murari asked the UPSC to file an affidavit by Tuesday.

Agri bills are death sentence for farmers: Rahul

Congress leader Rahul Gandhi on Monday alleged that the agriculture-related laws are a "death sentence" for farmers whose voice has been crushed both inside and outside Parliament.

"The agriculture laws are a death sentence to our farmers. Their voice is crushed in Parliament and outside. Here is proof that democracy in India is dead," he said on Twitter.
 
Gandhi tagged a news report along with his tweet that claimed that Opposition members demanding a division of votes were on their seats when the farm bills were passed in the Rajya Sabha, while the government said they were not.

Sushant Singh Rajput case was being probed by Mumbai Police professionally but it was suddenly handed over to CBI


Punjab CM Captain Amarinder Singh holds sit-in protest against farm bills at Khatkar Kalan in Shaheed Bhagat Singh Nagar


KSRTC buses ply in Mangaluru despite bandh called by farmers in Karnataka

Karnataka State Road Transport Corporation (KSRTC) buses continue to ply on roads in Mangaluru despite a statewide bandh being observed by various farmers' organisations on Monday against the amendments to the agricultural produce market committee (APMC), land reforms ordinances and labour laws introduced by the BS Yediyurappa government.

Market update: Asian shares rise ahead of China holiday, US presidential debate

Asian shares were mostly higher in muted trading on Monday, ahead of the first US presidential debate and a national holiday in China later in the week.
 
Japan's benchmark Nikkei 225 rose 0.7% to 23,371.70, while South Korea's Kospi added 1.5% to 2,312.96. Australia's S&P/ASX 200 gained nearly 0.2% to 5,973.70. Hong Kong's Hang Seng rose 0.5% to 23,349.80, while the Shanghai Composite index was little changed at 3,217.87.
 
China is celebrating Mid-Autumn Day on October 1, followed by a weeklong holiday through October 8. Read on...

Loan moratorium: SC adjourns hearing to Oct 5 as govt seeks more time

The Supreme Court on Monday adjourned for October 5 the hearing on the two petitions seeking an extension of the moratorium period on repayment of loans and to waive off the interest on the interest on loan amount in view of the Covid-19 pandemic. Solicitor General representing the government told the court that the issues are under active consideration of the Government and a decision is likely to be taken within 2-3 days.
 
The apex court had earlier adjourned the hearing on September 10 directing that all decisions taken by the RBI, the Government of India, or the banks be placed before it for consideration. The court had given time to RBI to file the affidavit. Read on...

Karnataka LIVE: Protesters gather at Bengaluru’s Town Hall

Farmers, members of dalit groups, labour unions and others take part in agitations at Bengaluru’s Town Hall protesting amendments to the APMC and land reforms Acts.

Tamil Nadu farmers' protest LIVE: DMK President MK Stalin takes part in a protest against Farm Bills in Keezhambi village of Kanchipuram


Karnataka: Passengers arrive at Majestic Bus Station, Bengaluru despite a statewide bandh called by farmers' organisations


Karnataka Rajya Raitha Sangha and Hasiru Sene, & other organisations protest in front of Sir Puttanna Chetty Town Hall in Bengaluru

Southwest monsoon to retreat from parts of north India in two days: IMD

The southwest monsoon is set to retreat from parts of north India in the next two days, the India Meteorological Department (IMD) said on Sunday, even as fresh floods hit Assam affecting 2.25 lakh people in nine districts.
 
Incessant rains in the last few days has triggered this year's third wave of floods in the state, claiming one life in Nagaon district on Saturday, said the Assam State Disaster Management (ASDMA).
 
The fresh fatality has pushed the number of deaths in flood-related incidents in Assam this year to 118, it added. READ ON...

Karnataka unveils new policy to boost tourism, create 1 million jobs

Marking 'World Tourism Day', Karnataka unveiled a new tourism policy to create 10-lakh jobs and attract Rs 5,000 crore investments in the sector by 2025.
 
"Our aim is to increase the contribution of tourism to 20 per cent from 15 per cent of the gross state domestic product (GSDP) and attract more domestic and overseas tourists across the state, which has more to offer than rich flora and fauna," said Chief Minister B.S. Yediyurappa on Sunday. Read on...

Fire broke out in ICU section of govt hospital in Maharashtra's Kolhapur district

Fire broke out in ICU section of govt hospital in Maharashtra's Kolhapur district; no casualty, blaze has been extinguished: Official

Karnataka: Protesters sit on a road in Hubli, in a bid to stop a bus amid statewide bandh today.


Punjab Youth Congress workers stage a protest against the farm laws near India Gate in Delhi

A tractor was set ablaze by unidentified persons near India Gate

Karnataka: Passengers arrive at KSRTC bus station in Mangaluru, despite a statewide bandh called by farmers' organisations

Karnataka: Police force deployed in Kalaburagi in the wake of a statewide bandh called by farmers' organisations today

Karnataka: Normal traffic movement seen in Shivamogga

Punjab Chief Minister Captain Amarinder Singh to hold a sit-in protest today

Punjab Chief Minister Captain Amarinder Singh to hold a sit-in protest today against the three farm laws at Khatkar Kalan in Shaheed Bhagat Singh Naga

Bengaluru has become epicentre of terror activities: BJP MP Tejasvi Surya

Bengaluru has become an epicentre of terror activities, BJP MP Tejasvi Surya claimed on Sunday and said he had requested Union Home Minister Amit Shah to set up a permanent division of the National Investigation Agency (NIA) in the city.
 
A day after becoming the president of the BJP's youth wing, Surya said many terror modules have been busted in Bengaluru, the Silicon Valley of India, in the recent past. The terrorist groups want to use the city as an "incubation centre" for terror activities.
 
Surya said he had met Shah at the latter's residence two days ago and emphasised the need to have a well-equipped and sufficiently staffed NIA office to mitigate terror-related activities in Karnataka.
 
"The Home Minister has assured that he will direct officials to establish a permanent station house manned by an officer of the rank of the SP at the earliest," Surya said.
 
"In last few years, Bengaluru, the Silicon Valley of India, has become epicentre of terror activities. It has been proved through many arrests and sleeper terror cells busted by the investigative agency in the city," Surya, who represents Bengaluru South in Lok Sabha, told reporters.

Pandemic dampens spirits in Agra on World Tourism Day

Amid the growing socio-economic uncertainties and health concerns due to the Covid-19 pandemic, a new tourist season has begun in Agra but without the fervour and hopes of a revival of the hospitality industry.
 
The customary celebrations on the World Tourism Day are missing, though after a long break, the Mughal monuments including the Taj Mahal and the Agra Fort are now open to tourists.
 
Hoteliers in the city are hoping for a turnaround in late October, if air connectivity and train mobility normalise. "Right now the international traffic is negligent. Over a dozen five-star hotels in the city depend on the international clientele. The bookings continue to remain dismal," founder president of Agra Hotels and Restaurants Association Surendra Sharma said.

Modi and Yediyurappa govts have launched "diabolical attack" on the lives of farmers: Surjewala

Calling both the central and state government as 'anti-farmer', AICC General Secretary Randeep Singh Surjewala on Sunday alleged that they have launched a "diabolical attack" on the lives and livelihoods of farmers.
 
Terming amendments to APMC and land reforms acts passed by the Karnataka assembly on Saturday as "black laws", he accused the government of selling the interests of farmers to a handful of corporates and builder lobbies.
 
"Both the Modi (Prime Minister Narendra Modi) and Yediyurappa (Chief Minister B S Yediyurappa) governments are anti-farmer governments.
 
They have launched a diabolical attack on the lives and livelihoods of farmers in Karnataka, as also the rest of the country," he said.
 
Surjewala was referring to the amended APMC and land reforms Act in Karnataka and the three contentious farms bills passed by Parliament, against which farmers have launched a stir in Punjab, while those in Haryana would do so from September 28 to 31.

Karnataka: 24 held after raid on gambling den

As many as 24 people were arrested after the police raided a gambling den last night, police said on Sunday morning.
 
Police said they recovered Rs 3,51,060 from the spot.
 
"A raid was conducted at a place in Fartabad police station limits of Kollur village, where gambling was taking place. Police nabbed 24 accused who were playing a card game and recovered Rs 3,51,060 from the spot," said Kalaburgi Police Commissioner N Sateesh Kumar.

My govt is pro-farmers, no scope for bandh: Yediyurappa on Karnataka bandh

Karnataka Chief Minister B S Yediyurappa on Sunday asserted his government was pro-farmers and sought to brush aside the state-wide bandh called by various farmers outfits on Monday over amendments to the APMC and land reforms act, saying there was no 'scope' for the agitation.
 
Assuring that the people can carry on with their day-to- day activities normally without any fear, the state government warned against any move to forcefully enforce the bandh.

Karnataka braces for shutdown today by farmers

Karnataka is bracing up for a day-long shutdown today by thousands of farmers and others across the southern state in protest against the controversial farmers' bills passed by the Centre and the state government last week.
 
"We have tightened the security and deployed additional police personnel in cities and towns across the state and stepped up vigil to prevent untoward incidents during the shutdown," a state home ministry official said.
 

Southwest monsoon to retreat from parts of north India in two days: IMD

The southwest monsoon is set to retreat from parts of north India in the next two days, the India Meteorological Department (IMD) said on Sunday, even as fresh floods hit Assam affecting 2.25 lakh people in nine districts.
 
Incessant rains in the last few days has triggered this year's third wave of floods in the state, claiming one life in Nagaon district on Saturday, said the Assam State Disaster Management (ASDMA). Read on...

Karnataka unveils new policy to boost tourism, create 1 million jobs

Marking 'World Tourism Day', Karnataka unveiled a new tourism policy to create 10-lakh jobs and attract Rs 5,000 crore investments in the sector by 2025.
 
"Our aim is to increase the contribution of tourism to 20 per cent from 15 per cent of the gross state domestic product (GSDP) and attract more domestic and overseas tourists across the state, which has more to offer than rich flora and fauna," said Chief Minister B.S. Yediyurappa on Sunday. Read on...

World Tourism Day: Himalayan Adventure Sports & Tourism Promotion Association organised one-day cycling event in Shimla

No disruption in transport services during bandh in Karnataka : Deputy Chief Minister

Assuring the public that there will be no disruption in transport services on Monday in view of a bandh called against the farm Bills, to which the President gave his assent on Sunday, Karnataka Deputy Chief Minister Laxman Savadi warned that acts of damaging public property, if any, will be dealt with strictly.
 
Savadi, who also holds the transport portfolio, said government buses would run as usual.
 
"Services of all four road transport corporations and the Bengaluru Metropolitan Transport Corporation will be available. The Police Department has been requested to provide additional security," said Savadi.

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