Latest news LIVE: Railways to run 80 new special trains from September 12

Reservation for new special trains will begin from September 10
The commerce and industry ministry will today release the ranking of states and Union territories (UTs) for ease of doing business. "Steps towards easing the business environment in India: Will release ranking of states based on implementation of business reform action plan," Commerce and Industry Minister Piyush Goyal tweeted.

Also, the K V Kamath-led expert committee on one-time loan restructuring in the wake of the Covid-19 crisis will submit its recommendations today

In other news, over 400 human rights bodies come together today through a nationwide campaign to raise their voice against various issues facing the marginalised sections of society. In a press briefing, the activists said the campaign 'Hum Agar Uthe Nahi Toh' will be launched through protests on streets and also on social media.

Stay tuned for the latest news of the day.

LIVE UPDATES

Rainfall leads to waterlogging in parts of Gurugram

Severe waterlogging was witnessed in areas around Civil Hospital in Gurugram on Saturday evening following heavy rainfall.
 
The India Meteorological Department (IMD) had predicted "isolated to scattered rainfall with isolated thunderstorm and lightning" in Haryana and some other parts of north India on Saturday.
 
IMD also said on Saturday evening that there would be light to moderate intensity rain over parts of Haryana on Saturday evening.

New education policy will make India 'Vishva Guru': Nadda

The education policy drafted by the Modi government is in line with the soul of the country and will again make India a "Vishva Guru", BJP president J P Nadda said on Saturday.

To mark Teachers' Day, Nadda through video conferencing interacted with teachers from his school and university and asked them about their wellbeing, the BJP said in a statement.

RBI revises audit norms for banks to improve risk management

The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems.
 
The LFAR, which applies to statutory central auditors (SCA) and branch auditors of banks, has been updated keeping in view the large scale changes in the size, complexities, business model and risks in the banking operations, the RBI said. The revised LFAR format will be put into operation for the period covering 2020-21 and onwards, the central bank said.
 

J&K govt issues 1.24 mn domicile certificates across 20 districts

AI-related job searches rising steadily: Indeed

Job searches related to artificial intelligence (AI) have risen 106 per cent during June 2019 to June 2020 period, with accelerated adoption of AI-led technologies over the recent years in the country, according to a report by global job site Indeed. This compares with the data of June 2018 to June 2019 from Indeed.
 
Job searches related to AI saw 20 per cent rise during March- July 2020 period amid the Covid-19 pandemic, the report added.
 
In the wake of the pandemic, industries across the board are witnessing an accelerated adoption of AI-led technologies in order to ensure business continuity during the changed circumstances, the report said.

Adhocism in appointment of teachers and lecturers affects students: SC

Supreme Court has said the mess of adhocism is prevalent in the appointment of teachers and lecturers having consequences for the students, who need to benefit from the best education process.

A bench comprising Justices Sanjay Kishan Kaul and K M Joseph using Article 142 of the Constitution passed a slew of directions to streamline the recruitment process of lecturers and teachers in Uttar Pradesh. 

Major ports asked to use only tug boats made in India

The Ministry of Shipping has directed all major ports in the country to procure or charter tug boats which are only made in India. 
 
All procurements being done by the ports would now need to be carried out as per the revised Make in India order. 
 
The Ministry is aiming to promote the Indian ship-building industry and also have discussion with some leading countries for Make in India ship-building, according to a press release here on Saturday. 

Maharashtra govt wants 50% oxygen production reserved for medical use

The Maharashtra government has proposed to the Centre that 50 per cent of the oxygen production in the state be reserved for medical use in view of the coronavirus pandemic, health minister Rajesh Tope said.
 
He was speaking to reporters here after attending a review meeting held by Union minister Prakash Javadekar on Saturday.
 
Currently, 15 per cent of the oxygen production is reserved for medical use while the rest can be used for industrial needs, Tope said. Due to the need of oxygen for Covid-19 patients, there is a shortage, he said.

Typhoon Haishen approaches Japan packing powerful winds

A powerful typhoon, the second in a week, was barreling toward the Okinawa islands in southern Japan on Saturday, prompting warnings about torrential rainfall and fierce wind gusts.
 
Weather officials have cautioned about Typhoon Haishen for the last several days, urging people to brace for what could be a record storm and be ready to take shelter and stock up on food and water.
 
The Japan Meteorological Agency said Haishen, packing sustained winds of up to 180 kilometers (112 miles) per hour early Saturday, was on course to hit Okinawa by Sunday, and later the main southern island of Kyushu.

Improve productivity, explore smart solutions: Goyal to auto components industry

Commerce and Industry Minister Piyush Goyal on Saturday asked the auto components industry to improve productivity and look at smarter solutions for becoming preferred suppliers to customers.
 
While addressing the Automotive Component Manufacturers Association's (ACMA) 60th annual session, the minister said that there is a huge demand for trusted partners in resilient global supply chains.
 
"We should start taking measures to tighten the belt, improve productivity, start looking at every element of cost and smarter solutions to become the preferred suppliers to customers," he added.

Bengaluru Metro gears up to resume services from Sept 7

Andhra govt issues Tourism Trade Guidelines to position state as premier tourist destination

The new guidelines are aimed at offering tourism services to world-class standards and strengthening the tourist ecosystem in the state by establishing better industry linkages. The AP Tourism Authority would also now be able to collect statistical information from service providers and establish a database on tourism for planning and development of tourism in the state.

Make Sharad Pawar chief after merging NCP with Congress: Athawale

Observing that Sonia Gandhi and Rahul Gandhi are not keen on donning the mantle of Congress president, Union minister Ramdas Athawale on Saturday suggested the NCP be merged with the grand old party and Sharad Pawar be made new chief of the merged entity.
 
The Republican Party of India (A) president also said that such decision should be taken jointly by the Congress and Pawar.
 
"Currently, Rahul and Sonia Gandhi are not keen on becoming the Congress president. It is my instruction to Congress of getting NCP merged and making Sharad Pawar party president. The decision should be jointly taken by Pawar and the Congress," Athawale tweeted.

Covid-hit IIT Kharagpur imposes measures to check spread of infection

IIT Kharagpur authorities have directed its employees staying in the campus not to venture out, unless it is an emergency, between September 6 and 13 following detection of several Covid-19 cases in the institute.
 
However, faculty members will continue to conduct classes online from home, the institute said in a notification.
 
About 20 Covid-19 cases have been reported from the campus since August 19, an official said on Saturday.
 
In the notification, the institute issued a list of dos and don''ts which also include a ban on entry of outsiders, except those attached to essential services, during the period when all offices inside the campus will remain closed.

Quota for Vaishno Devi pilgrims from outside J&K raised to 500 daily: Official

Nearly three weeks after the Vaishno Devi shrine in Jammu and Kashmir's Reasi district was reopened for pilgrimage, the shrine board has increased the quota for pilgrims from outside the Union Territory to 500 daily, officials said on Saturday.
 
The shrine atop the Trikuta hills was reopened on August 16 after a gap of nearly five months due to the outbreak of Covid-19 pandemic. A cap of 2,000 pilgrims daily, including 100 from outside Jammu and Kashmir, was imposed initially.
 
"The pilgrimage to the cave shrine is proceeding smoothly and picking up pace with each passing day. Keeping this in view, the quota of pilgrims from outside Jammu and Kashmir has been enhanced to 500 per day, out of a ceiling of 2,000 daily, till further orders," said Ramesh Kumar, the Chief Executive Officer of Shri Mata Vaishno Devi Shrine Board.
 

Pakistan violates ceasefire along LoC in Shahpur of Jammu and Kashmir

India's commitment to reform being taken seriously by foreign investors: FM

Finance Minister Nirmala Sitharaman on Saturday said India's commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the time of Covid-19. Between April-July, the FDI into India stood at $20 billion.

"Aatmanirbhar Bharat will lead to greater export competitiveness, better pricing and quality of exports, which show the Indian skill of making things to perfection," she said. 

No HC stay on Maharashtra final year undergraduate medical exams

The Bombay High Court on Saturday refused to stay examinations in physical mode of final year undergraduate medical students scheduled to begin in Maharashtra on September 8.
 
A division bench of Justices A A Sayed and S P Tavade was hearing a petition filed by nine undergraduate medical students of various streams of the Maharashtra University of Health Science.
 
The petition challenged the circular issued on August 21 by MUHC pertaining to holding of physical mode of examination for final year students.
 
"In our view, the petitioners have approached the court at the eleventh hour. Hence, we are not inclined to grant any interim relief of staying the examination," the court said in its order.

India, Russia hold 11th bilateral maritime naval exercise 'INDRA' in Bay of Bengal

Need to ramp up R&D to create indigenise technology: Niti Aayog CEO

Niti Aayog CEO Amitabh Kant believes that auto industry needs to ramp up R&D to create indigenise technology. Speaking at the 60th Annual Session id ACMA, which was held virtually on Saturday, Kant said the move will aide the country in reducing imports.
 
"There is also need for new synergies such as with IT industry in the areas of power electronics," he said.
 
"India must look at using the first mover advantage for producing all components for EVs, thus driving towards the path of being a future global leader."
 
According to Kant, with EV battery prices set to go below $100, there is a huge opportunity in the sector to localise indigenising EVs.

Mumbai-Ahmedabad bullet train project progressing well: Railways

The Indian Railways on Saturday said that the 508-km Mumbai-Ahmedabad High Speed Rail project, popularly known as the 'Bullet Train' project, was progressing well, but the real timeframe for the completion of the project can be gauged within the next three to six months when the status of land acquisition will be ascertained.
 

Addressing a virtual press conference, Railways CEO V.K. Yadav said, "While 82 per cent of the land has been acquired in Gujarat, in Maharashtra land acquisition is only at 23 per cent." He said that in a linear project like the bullet train, work can only begin when a certain amount of land is available.

India's commitment to reform being taken seriously by foreign investors: FM

Finance Minister Nirmala Sitharaman on Saturday said India's commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the time of COVID-19.
 

Between April-July, the Foreign Direct investment (FDI) into India stood at USD 20 billion.

We will run clone trains if there is demand for more trains or the waiting list is long: Railway Board



GE T&D seeks shareholders' nod to double borrowing limit to Rs 1,000 cr

GE T&D India, a leading player in the power transmission and distribution business, has sought shareholders' approval to double borrowing limit to Rs 1,000 crore.
 

A special resolution has been proposed to borrow moneys up to Rs 1,000 crore over and above the aggregate of the paid-up share capital, securities premium and free reserves of the company, according to a notice for its 64th Annual General Meeting, to be held on September 28, 2020.
 

Earlier, the shareholders had approved the borrowing of Rs 500 crore over and above the aggregate of paid-up share capital and free reserves of the company in its 58th AGM held on July 23, 2014.

 

Indian Coast Guard continues fire fighting operation east of Sri Lanka



No restriction or ban on filling up of posts in Govt of India: Ministry of Finance



80 new special trains to run from September 12: Rail Board Chairman

Railway Board Chairman Yadav said the Railways will be monitoring all the trains that are currently in operation to determine which trains have long waiting list.
 

"Wherever there is a demand for a particular train, wherever the waiting list is long, we will run a clone train ahead of the actual train, so that passengers can travel," the railway board chairman said.

Pakistan violated ceasefire by firing with small arms & intense shelling with mortars along LoC



Railways to run 40 pairs of new special trains from September 12: Railway Board Chairman



PM took Covid-19 as an opportunity to accelerate the pace of reforms: FM Sitharaman



Defence Minister Rajnath Singh departs from Moscow to Tehran



Andhra Pradesh retains the Number 1 position in State Business Reform Action Plan 2019 Ranking



Cooperation & competition will drive India towards $5 trn economy: Piyush Goyal



Govt making efforts to streamline business regulation through single window system: Commerce ministry



Ease of Doing Business initiatives helped us jump of 158 spots in World Bank's report: H S Puri



Govt provides more flexibility to investors in BPCL privatisation

The government has further eased the norms for prospective bidders interested in buying out the government's entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) by allowing the winning candidate to restructure its corporate entity anytime before signing the share purchase agreement.
 

What this would mean is that the winning candidate or company in BPCL privatisation can rope in more investors and change the structure of special purpose vehicle (SPV) that placed expression of interest (EoI) for the Indian refiner anytime before completing the share purchase.

Cong urges PM, Defence Minister to take nation into confidence on India-China border row

The Congress on Saturday urged Prime Minister Narendra Modi and Defence Minister Rajnath Singh to take the nation into confidence on talks with China on the border row in Ladakh, saying people want to know about the outcomes of the repeated conversations with the Chinese side.
 

The Opposition party's demand comes a day after Defence Minister Rajnath Singh and his Chinese counterpart Gen. Wei Fenghe held an over two-hour-long meeting in Moscow with a focus on easing escalating border tension in eastern Ladakh.
 

Congress's chief spokesperson Randeep Surjewala said it was "Rajdharma" of the prime minister and the defence minister to take the nation into confidence on the important issue.

Schedule of IPL 2020 in UAE to be released tomorrow: IPL chairman



Chinese troops tried to unilaterally alter status quo: Rajnath

Chinese troops attempted to unilaterally alter the status quo in violation of the bilateral agreements, the Central government said on Saturday after China stated that India is entirely responsible for the border stand-off in Ladakh.
 

India stated that both sides should focus on the overall situation of India-China relations and work together to de-escalate the situation as soon as possible, and maintain peace and tranquillity in the border areas.

TMC says it's 'unjust' to compare 2-day Assembly session with Monsoon Session

The Trinamool Congress on Saturday said it is "unjust and unfair" to compare the curtailment of Question Hour during the West Bengal Assembly's upcoming two-day short session with that of a full-fledged Parliament session.
 

West Bengal Assembly Speaker Biman Banerjee on Friday said there would be no Question Hour during the upcoming two-day monsoon session of the West Bengal Assembly beginning from September 9 due to "paucity of time and the COVID-19 situation".
 

The BJP has termed it a "double standard" of the Trinamool Congress, which had earlier called the decision not to have the 

If given a chance, our govt will fill all the vacant posts & create new vacancies: RJD leader Tejashwi Yadav



Mumbai court sends Showik Chakraborty, Samuel Miranda to NCB custody till Sep 9



Under New Education Policy, one needs to worry about conceptual knowledge: JP Nadda



Jharkhand CM Soren writes to PM against centre's GST compensation proposal

Jharkhand Chief Minister Hemant Soren wrote to Prime Minister Narendra Modi on the centre not giving full GST compensation to the states, saying this "act of sovereign default" runs against the very spirit of the cooperative federalism.
 

In a letter addressed to the prime minister, Soren said this is symptomatic of the "withering trust" between the centre and the states.

SSR death case: NCB seeks 7-day custody of Showik Chakraborty & Samuel Mirand



Karnataka Transport to allow students taking PUC exam travel free of cost between Sep 7-19



Govt took care of economy, turned tragedy into opportunity: Nadda

India not only took the bold and timely step of imposing a lockdown to save the lives of 1.3 billion people from COVID-19 but also took care of the economy to turn the tragedy into an opportunity, BJP president JP Nadda said on Saturday.
 

Addressing a meeting of the party's Odisha executive committee, Nadda said that while powerful nations were helpless in combating the pandemic, Prime Minister Narendra Modi was clear in his mind as he took the decisive action of imposing the lockdown in order to save the lives of the people.


PM Modi made it clear that the lives of 1.3 billion people must be saved. He said Jaan hai to Jahan Hai as public health was at the top of his mind, the BJP chief said.

Had an extremely fruitful meeting with Tajikistan defence minister, Moscow's Col. General: Rajnath Singh



Delhi: President Ram Nath Kovind confers National Teachers' Awards 2020 in a virtual ceremony

"18 out of 47 winners of the award are women," said Ram Nath Kovind.
 

Fire on board oil tanker brought under control with India's help: Lankan Navy

The fire on board an oil tanker off Sri Lanka's coast has been brought under control with India's help and it was towed to the deep sea away from land, the Navy said on Saturday.
 
The ship was carrying 270,000 metric tonnes of crude oil from Kuwait to India. The Sri Lankan Navy on Friday confirmed that a Filipino sailor died in the boiler explosion in the engine room of the Panama registered tanker MT New Diamond that caught fire on Thursday.
 
Indian ships were supporting the Lankan Navy to douse the flames on the tanker off the coast of Sangamankanda in the eastern district of Ampara.

Sushant Singh Rajput death case: NCB to question Rajput's cook

The Narcotics Control Bureau (NCB) will record the statement of Sushant Singh Rajput's cook on Saturday in connection with a drugs probe linked to the actor's death, officials said.
 
They said the cook, Dipesh Sawant, has been made to join investigation.
 
His role is that of a "witness" and he will be questioned and his statement recorded by the agency, they said.
 
The federal anti-narcotics agency arrested Showik Chakraborty, the brother of the main accused in this case Rhea Chakraborty, and Samuel Miranda, Rajput's house manager, on Friday under various sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.

Heat may kill more people than major diseases by 2100, says study

In a warmer world caused by climate change, the possibility of your dying from excessive heat will depend on which country you live in and whether you have the money to keep heat at bay with air conditioning and heat-resilient infrastructure, says a new global study linking temperature, income and mortality.
 
Poor countries that are closer to the equator will see more deaths from rising temperatures compared to richer countries that may also be experiencing similar temperatures by the end of this century, since the latter will have more money to spend on climate adaptation--such as air conditioning and heat resilient infrastructure--the study by Climate Impact Lab, a US-based consortium of climate scientists and experts, estimates. Read on...

Typhoon Haishen approaching Japan, packing powerful winds

A powerful typhoon, the second in a week, was barrelling toward the southern cluster of Japanese Okinawa islands on Saturday, prompting warnings about torrential rainfall and fierce wind gusts.

Weather officials have cautioned about Typhoon Haishen for the last several days, urging people to brace for what could be a record storm and be ready to take shelter and stock up on food and water.

The Japan Meteorological Agency said Haishen, packing sustained winds of up to 198 kilometers (123 miles) per hour early Saturday, was on course to hit Okinawa by Sunday, and later the main southern island of Kyushu.

Himachal Pradesh: Traffic movement blocked at Dwara on National Highway 3, near Hanogi temple, in Mandi district, following landslide

China's PLA has abducted 5 boys from Nacho, Upper Subansiri in Arunachal Pradesh, says Congress MLA

China's PLA (People's Liberation Army) has abducted 5 boys from Nacho, Upper Subansiri in Arunachal Pradesh. This has happened at a time when Rajanath Singh is meeting defence ministers of Russia & China. PLA's action has sent a very wrong message: Congress MLA Ninong Ering

When asked if China is bullying India, he said that he hoped it is not the case

When asked if China is bullying India, he said that he hoped it is not the case but noted that China is "certainly going at it".
 

Trump reiterates that he is talking to both India and China about the situation

We stand ready to help with respect to China and India. If we can do anything, we would love to get involved and help. And we are talking to both countries about that," he said.

Chinese are "going at it" much more strongly, says Trump on Lakakh faceoff

Asserting that the situation along the India-China border has been "very nasty" and the Chinese are "going at it" much more strongly, US President Donald Trump said he would love to get involved and help.
 
"While we're at it, we're talking about China and India are going at it pretty good on the border, as you know. It's been very nasty," Trump told reporters on Friday evening at a White House news conference.


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel