LIVE: India will soon emerge as agriculture export hub, says PM Modi

Prime Minister Narendra Modi
Prime Minister Narendra Modi on Thursday said that India has shown remarkable resilience during the coronavirus pandemic, be it fighting the virus or ensuring economic stability.

Speaking at virtual Global Investor Roundtable, PM Modi said that through this year, as India bravely fought the global pandemic, the world saw India's national character. The world also saw India's true strengths. It has successfully brought out traits that Indians are known for: A sense of responsibility, a spirit of compassion, national unity, the spark of innovation. India has shown remarkable resilience in this pandemic, be it fighting the virus or ensuring economic stability."

The Supreme Court has deferred to November 18 the hearing on a batch of pleas relating to charging of interest on interest by banks on EMIs which were not paid by the borrowers who availed of the RBI loan moratorium scheme in view of the Covid-19 pandemic.

The Maharashtra government has permitted theatres including single-screen, multiplex and drama halls to reopen from today, adding that they could function outside containment zones only.

In another news, Various farmers' outfits protested against the new farm laws of the Centre have announced a nationwide road blockade today.

Stay tuned for the latest news of the day.


Fire breaks in a shop on GB Road in Delhi; 8 fire tenders present at the spot

Punjab govt assured us all blockades will be removed by Friday morning: Rail Board chairman

The Punjab government has assured the railways that all blockades on rail premises by protesters will be cleared by Friday morning, Railway Board Chairman V K Yadav said on Thursday. Of the 31 blockades, 14 have already been removed by Thursday evening, he said.
Yadav also said a joint team of state officials as well as the RPF has been formed to conduct ground surveys in order to ascertain if it was safe to run trains.
"We have been assured by the Punjab government that all blockades will be removed by Friday morning. Fourteen of 31 blockades have been removed on Thursday. Our maintenance teams are ready, as soon as tracks are under rail control, we will run trains," he said.
Train services in Punjab have been suspended since September 24 due farmers' protests over the three farm bills passed in Parliament. While it had resumed for a few days in October, it was suspended again due to concerns over safety and security of train crew members.

UGC notifies guidelines for reopening of universities, colleges

The University Grants Commission (UGC) on Thursday notified guidelines for reopening of universities and colleges across the country which have been closed since March in view of the COVID-19 pandemic. For central universities and other centrally funded higher education institutions, the decision for reopening of campuses has been left to the Vice Chancellors and heads. However, for state universities and colleges, the respective state governments will have to take a call, the guidelines said.
"For centrally funded higher education institutions, the head should satisfy herself or himself regarding the feasibility of opening of physical classes and decide accordingly," the guidelines said. "For all other institutions including state universities, private universities, and colleges, opening of physical classes to be done as per the decision of the respective state governments," they said.
The universities and colleges have been asked to plan the opening of campuses in a phased manner, with such activities that adhere to COVID-19 norms including social distancing, use of face masks and other protective measures.
"The universities and colleges shall only be allowed to open if they are outside the containment zones. Further, students and staff living in containment zones will not be allowed to attend the colleges," the guidelines said.

India’s quest to become 'Aatmanirbhar' is not just a vision, but a well-planned economic strategy: PM Modi

Farmers in Punjab, Haryana protest farm laws

Several farmer organisations in Punjab and Haryana on Thursday joined a nationwide protest against the farm laws by blocking national highways and crucial road networks, severely affecting the movement of traffic for four hours from 12 noon. However, there was no report of any violence in both the agrarian states.
Angry over three agriculture-related laws passed by the Central government in September, hundreds of farmers blocked the major highways to demand that the laws should be revoked.
The protesters also warned to take their protest to Delhi. Heavy police presence was seen at various places in Punjab and Haryana to maintain law and order in view of the protest by farmers. Punjab Chief Minister Amarinder Singh on Wednesday led a protest at Delhi's Jantar Mantar to get "justice for the poor farmers". He said he was not in Delhi to confront the Centre but to fight for the farmers rights, whose livelihood was at stake due to the new Central farm laws.

Arnab Goswami challenges arrest, HC to hear interim bail plea tomorrow

The Bombay High Court will on Friday hear an application filed by Republic TV Editor-in- Chief Arnab Goswami seeking interim bail in the 2018 abetment of suicide case in which he has been arrested. Goswami was arrested on Wednesday from his residence at Lower Parel in Mumbai for allegedly abetting the suicide of architect and interior designer Anvay Naik, and was taken to the Alibaug police station in neighbouring Raigad district.
He was produced before a magistrate's court which remanded him in judicial custody till November 18.
Goswami then moved the HC against the "illegal arrest", sought a stay to the investigation and a direction to the police to release him. He has also sought that the FIR against him be quashed. A division bench of Justices S S Shinde and M S Karnik on Thursday directed Goswami to make the complainant in the case, Akshata Naik, Anvay's wife, a respondent to his plea.
"We have to hear all the parties concerned before considering the interim relief sought. We have to also hear the complainant as the family of the deceased has filed a petition here seeking transfer of the probe," the bench said.

Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail

Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement.
The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.
This is second investment by the Saudi Arabian sovereign wealth fund in an Ambani firm. It had previously picked up 2.32 per cent stake in Jio Platforms, the digital and telecom arm of Reliance, for Rs 11,367 crore.
"This investment will further strengthen PIF's presence in India's dynamic economy and promising retail market segment," the statement said.

AP govt seeks revival of SIT probe in Amaravati land case, SC issues notice

The Supreme Court on Thursday issued notice on an appeal filed by the Andhra Pradesh government challenging the stay granted by the Andhra Pradesh High Court into the Amaravati land acquisition.
A bench headed by Justice Ashok Bhushan and comprising Justices M R Shah and R Subhash Reddy issued notice on the plea seeking revival of the SIT probe and posted the matter for further hearing after four weeks.
Senior advocate Dushyant Dave, representing the Andhra Pradesh government, submitted before the bench that the High Court is also bound by the laws declared by the Supreme Court and it does not have extraordinary powers to pass any order it likes. He added that the High Court prohibited a probe and even registration of a case in this matter. Dave said "Can this be allowed? Is this how a High Court can function?" READ ON...

PM Modi writes a letter addressing people of Bihar, says, 'I am convinced about the development of state'

This is my last election, says Bihar CM Nitish Kumar during an election rally in Purnia

Farm Laws: Kisaan Mazdoor Sangharsh Committee members protest at Amritsar-Delhi Highway

India seeks expeditious extradition of Mallya, Nirav Modi from UK

Foreign Secretary Harsh Vardhan Shringla held talks with British Home Secretary Priti Patel in London during which he strongly underlined India's interest in the expeditious extradition of former Kingfisher Airlines chief Vijay Mallya, who has completed all the legal processes related to extradition from the UK, and fugitive diamond merchant Nirav Modi.
On the last leg of his three-nation Europe tour, Shringla visited London where he held discussions with several UK ministers and officials and during his interactions with Patel and UK Foreign Office Minister for South Asia, Lord Tariq Ahmad, on Tuesday, the issue of economic offenders being extradited to face the Indian judicial system was among the issues raised.
"We strongly underlined our interest in seeing the early, expeditious extradition of Vijay Mallya, who is an economic offender who has completed all extradition procedures in the UK. We would like him to return to India as soon as possible," said Shringla.
"Also, Nirav Modi. I raised this with both Lord Ahmad and the Home Secretary, and both took very careful note of our priority and sentiments in that regard," he said.

Rupee settles 40 paise higher at 74.36 (provisional) against US dollar

Punjab farmers block Delhi-Amritsar highway to protest farm laws

Several farmer organisations in Punjab have declared a nationwide protest against the farm laws by blocking the Delhi Amritsar highway from 12 pm to 4 pm on Thursday, according to the Kisaan Mazdoor Sangharsh Committee.
"Farmers organisations will block highways from 12 pm to 4 pm today against Centre's farm laws. The protest will take place in around 46 places today and will bring a monumental change in the country," Sarwan Singh Pandayer, General Secretary, Kisaan Mazdoor Sangharsh Committee told ANI. He also said that while the roads will remain blocked for four hours, however, ambulances, fire brigades and other emergency services will be allowed to move.
"Passage to all emergency services will be given. Our motive is not to create inconvenience for the public but the government will have to take note of our agony. Unless the corporate giants stop interrupting in the farmer's everyday affair, there cannot be a feasible solution to our distress," Sarwan Singh added.
Meanwhile, the Punjab Police isensuring that the common public should face minimal trouble due to the highway blockage.
"We have ensured diversions on the Amritsar Delhi national highway from 12 pm to 4 pm for the common public. The farmers are protesting but our job is to ensure liquidity in the traffic," Inspector Anup, Traffic Incharge, told ANI.

Farm Laws: Kisan Mazdoor Sangharsh Committee blocks Amritsar-Delhi highway

Loan moratorium case: RBI urges SC to lift order banning declaration of NPAs

The RBI Thursday urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders, saying it is facing difficulty due to the directive.
In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3. Read on...

Andhra Pradesh: Fire breaks out at Visakhapatnam Steel Plant

Loan moratorium case: SC hearing to begin shortly

Supreme Court’s Justice Ashok Bhushan led bench will shortly take up plea(s) seeking extension of the coronavirus induced loan moratorium & waiver of accruing interest.

Loan moratorium case: On Tuesday, Centre had sought adjournment in loan moratorium case listed in SC

On Tuesday, Centre had sought adjournment in loan moratorium case listed in SC, following which, the court fixed November 5 to resume hearing.

Loan moratorium case LIVE | Banks will be guided by a scheme for effectuating ex gratia payments to borrowers: RBI to SC

Reserve Bank of India (RBI) has informed the Court that banks shall be guided by a Scheme for effectuating ex gratia payments to borrowers towards specified loan amounts vide additional affidavit.

Loan moratorium case: Senior Advocate Abhishek Manu Singhvi says the circular of the RBI has discriminatory elements

Senior Advocate Abhishek Manu Singhvi: We are power producers, all we are asking that the circular of the RBI has discriminatory elements. This may be given some priority.

Delhi pollution: Air pollution continues to rise in the national capital as the Air Quality Index (AQI) deteriorates

39 per cent customers have availed loan moratorium scheme, will pass on benefits by Nov 5, says PNB CEO

Around 38.92 per cent customers of Punjab National Bank have availed the moratorium scheme announced by the Reserve Bank of India (RBI), bank's Managing Director (MD) and Chief Executive Officer (CEO), SS Mallikarjuna Rao said on Tuesday.
Rao, speaking over a video conference meeting with reporters, said the benefits of the scheme, as announced by the government, will be passed on to the customers by November 5.
The Union Ministry of Finance had approved a scheme to provide relief in interest compounding to borrowers for the six-month loan moratorium period extended in view of the COVID-19 pandemic.
This will come in form of the grant of ex-gratia payment of the difference between compound interest and simple interest for six months period from March 1 to August 31.

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