Latest news LIVE: Rs 110 crore scam in PM-Kisan Nidhi scheme busted in TN

Rs 110 crore scam in PM-Kisan Nidhi scheme busted in Tamil Nadu
India, while is committed to de-escalating the situation on the LAC, China continues to undertake provocative activities to escalate, said the Indian Army in a statement.

Ahead of the Monsoon Session of Parliament, the Congress strategy group is scheduled to meet today under the chairmanship of party interim chief Sonia Gandhi after the stormy Congress Working Committee meet weeks ago. Senior Congress leaders Ghulam Nabi Azad and Anand Sharma will be participating in the meeting. Both leaders were signatories to the letter which had demanded a visible and effective leadership in the party.

 
Meanwhile, the Delhi High Court to hear plea today seeking direction to the Central government and Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loans and credit cards for another 12 months and waive the interest for advocates during the period.

 
External Affairs Minister S Jaishankar is likely to have a stopover in Iran on Tuesday on his way to a four-day visit to Russia, where he is expected to hold a bilateral meeting with his Chinese counterpart Wang Yi. Jaishankar is visiting Moscow to attend a meeting of foreign ministers of the eight-nation Shanghai Cooperation Organisation (SCO), of which both India and China are members.

Stay tuned for the latest news of the day.

LIVE UPDATES

American Airlines OKs Black Lives Matter pins for employees

American Airlines will let employees wear Black Lives Matter pins on their uniforms, calling it a matter of equality and not politics.
 
With the move, American joins Starbucks, Delta Air Lines and other major companies that let employees wear items supporting the movement that protests police violence against Blacks.
 
An American Airlines spokeswoman said Tuesday that Black employees saw workers at other airlines wearing a Black Lives Matter pin and asked if they could too.
 
"Fundamentally, we believe Black Lives Matter is an expression of equality, not a political statement," said the spokeswoman, Sarah Jantz.

"It doesn't mean other lives don't matter, rather that in our society Black lives should matter and be valued the same as others." American is working with Black employees to design the pin. The airline allows other pins including ones supporting Christians, veterans and LGBTQ people.
 
Starbucks reportedly banned employees from wearing Black Lives Matter shirts, then created one for workers to wear in June.
 
American's decision drew mixed reviews on Twitter.
 
Some people praised the airline, while others called Black Lives Matter a domestic terrorist group, a label used by Rudy Giuliani, President Donald Trump's personal lawyer.
 

Rift in Cong-led UDF wide open: Ramesh Chennithala slams KC-M Jose K Mani faction

The rift in the Congress-led United Democratic Front became more evident on Tuesday when the Leader of Opposition in the Kerala Assembly Ramesh Chennithala lashed out at the Jose K Mani faction of the Kerala Congress (M) alleging that it betrayedand backstabbed the Front.
 
However, Jose K Mani saidthose who wish to destroy the KC(M) have expressed their interestopenly.
 
"We have kept them (Jose K Mani faction) away from the UDF meeting because they failed to honour a seat-sharing agreement.But the faction betrayed and took an independent decision against the Front during the Assembly session.
 
However, we didn't take any action.Even during the no-confidence motion in the Assembly, their MLAs, who won as part of the UDF, left the Assembly betraying the Front.
 
We feel that If K M Mani was alive, he would not have allowed such moves which amount to backstabbing the Front," Chennithala said.
 
Responding to the UDF meeting and the allegations, Jose K Mani told reporters at Kottayam thaty the KC(M) was part of the UDF for over four decades and not once it had betrayed theFront.
 
"That's not part of our culture.However, the UDF has politically betrayed the party of Mani sir. We didn't leave the Front, we were ousted.
 
However, the UDF is not talking about the betrayal of the Joseph faction (of KC-M) which acted detrimental to the Front during the Pala bypoll," he alleged.
 
Two members of the UDF ally, Kerala Congress Jose K Mani faction, abstained from the voting process onthe no-confidence motion moved by the UDF against the left government on August 24.

Crunch Brexit talks begin amid row over divorce agreement

Crunch Brexit talks to thrash out a trade agreement between the UK and European Union (EU) got underway on Tuesday amid a brewing row over the so-called divorce deal struck earlier this year, ahead of Britain's formal exit from the economic bloc on January 31. The current transition period after that exit ends at the end of December before which both sides must agree the terms of their future relationship or end up with a no-deal Brexit.
 
The EU's Chief Brexit negotiator, Michel Barnier, arrived here to kick-start what is expected to be a crucial round of talks to strike an agreement with Britain's negotiator, David Frost.
 
Prime Minister Boris Johnson has set an October 15 timeframe to reach a mutually agreed plan for the future of UK-EU relations. However, the talks have been overshadowed by a brewing row over Johnson's plan to override parts of the Withdrawal Agreement, or divorce bill, signed on January 24.
 
The government plans to table proposals in Parliament on Wednesday to give UK ministers unilateral legal powers to oversee elements of the Northern Ireland Protocol, the UK territory which shares a border with the EU member-state of Ireland.
 
Amid anger from Brussels and Dublin, Downing Street insists that the measures are “limited and reasonable” and would remain compliant with the Northern Ireland Protocol.

External Affairs Minister S Jaishankar lands in Moscow

States' borrowings soar 51% to Rs 2.97 trn so far this fiscal

The coronavirus pandemic-stricken states have borrowed a whopping Rs 2.97 trillion so far this financial year, which is as much as 51 per cent more than the corresponding period a year ago.
 
But, the massive spike is led by just three states -- Karnataka, which borrowed Rs 23,000 crore, a 475 per cent more than last year's Rs 4,000 crore; Maharashtra borrowed 200 per cent more at Rs 37,500 crore as against Rs 12,500 crore last year; and Tamil Nadu borrowed Rs 46,000 crore or 117 per cent over Rs 21,190 crore of last year.
 
This means that these three states contributed as much as 38 per cent of the total incremental borrowing by the states so far this fiscal, according to domestic rating agency CARE.

Northern India's energy systems can be totally moved to clean power by 2050: Report

Northern India's energy systems can be entirely switched to clean power by 2050, which in turn can create as many as 5 million new jobs, according to a report.
 
As per the study by Finland's Lappeenranta-Lahti University of Technology (LUT) and Delhi-based Climate Trends released on Tuesday, northern India's energy systems can be switched to 100 per cent clean energy by 2050.
 
The study found that north India's greenhouse gas (GHG) emissions can be reduced from 825 MtCO2eq (Metric tonnes of carbon dioxide equivalent) in 2020 to zero by 2050 across all energy sectors and create 5 million new jobs.
 
Presented at the World Solar Technology Summit organised by International Solar Alliance, the study is a first of its kind that uses geospatial and hourly demand analysis to design a cost-optimal energy system of the future.

Fire at Vadodara's Sir Sayajirao General Hospital under control

Rs 110 crore scam in PM-Kisan Nidhi scheme busted in Tamil Nadu

Tamil Nadu Agriculture Secretary Gagandeep Singh Bedi on Tuesday said that some 500,000 fake beneficiaries have got Rs 110 crore from the PM-Kisan Nidhi scheme. The Department has recovered around Rs 32 crore so far and the rest will be recovered soon.
 
Speaking to reporters he said, 34 government officials have been suspended and 80 computer operators and other private staff dismissed. As per the probe conducted by the department ineligible persons in 13 districts have availed the cash assistance providing false information. Read more

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Global and domestic rating agencies have sharply cut their forecast for India’s economic growth this fiscal, after official data suggested a sharper-than-expected contraction in gross domestic product in the quarter ending June (Q1), and a sluggish recovery in economic indicators thereafter.
 
New York-headquartered ratings agency Fitch expects the country’s GDP to contract 10.5 per cent in FY21 versus its earlier estimate of 5 per cent. India Ratings, the Indian subsidiary of Fitch, predicts a sharper fall of 11.8 per cent in India’s real GDP. Read more

Happiest Minds Technologies IPO subscribed 8.4 times on 2nd day

The initial public offer of IT services firm Happiest Minds Technologies was subscribed 8.40 times on the second day of bidding on Tuesday. The Rs 702-crore IPO, received bids for 19,53,36,630 shares against a total issue size of 2,32,59,550 shares, according to data available with the NSE.
 
The category meant for Qualified Institutional Buyers (QIBs) was subscribed 47 per cent, while non-institutional investors portion received 3.96 times subscription and retail individual investors 38.85 times.
 
The price band for the offer, that will close on Wednesday, has been fixed at Rs 165 to Rs 166 per equity share.

Kangana Ranaut to face 'drug link' probe; Mumbai home under BMC lens

Already under fire over her remarks on Mumbai, trouble mounted for actress Kangana Ranaut as the Maharashtra government on Tuesday said the police will probe allegations that she took drugs, while alterations made at her bungalow here came under the civic scanner. Home Minister Anil Deshmukh said the Mumbai police will probe allegations by actor Adhyayan Suman that Ranaut took drugs. Read on

Kisan Rail ferrying 350 tn of goods, up from 94 tn during inaugural run: Piyush Goyal

Railway Minister Piyush Goyal on Tuesday said the Kisan Rail service was ferrying 350 tonnes of goods from the 94 tonnes it carried on its inaugural run last month. The rail service, which was announced in the 2020 Union budget, aims at transporting agricultural produce, especially perishable commodities, at cheaper rates, and aid farmers in getting right price for their crops.
 
The first such service was started on August 7 from Deolali in Maharashtra's Nashik to Danapur in Bihar.
 
Barely a month after we started Kisan Rail, the same train which was carrying 94 tonnes goods is now carrying more than 350 tonnes. This means that if the facility is provided, people are going to use the service, the minister said at an event - RailConnect-- organised by the Confederation of Indian Industries (CII).

Chinese troops carried rods, spears, clubs in towards Indian post: Govt sources

Chinese troops carried rods, spears, clubs and sharp weapons in trying to close in on an Indian position in Mukhpari area of Rezang-La ridgeline in eastern Ladakh on Monday evening, government sources said on Tuesday.
 
As tension escalated at the Line of Actual Control(LAC), the sources said around 50-60 soldiers of Chinese People's Liberation Army(PLA) approached the Indian post in the southern bank of Pangon lake area at around 6 PM but the Indian Army personnel posted there strongly confronted them, forcing their retreat.
 
It may be recalled that the Chinese troops had mounted a savage attack on Indian soldiers with stones, nail-studded sticks, iron rods and clubs during the Galwan Valley clashes in eastern Ladakh on June 15 in which 20 Indian Army personnel were killed. On Monday evening too, the Chinese troops were carrying rods, spears, clubs and sharp weapons, the sources said.

India to have 220 GW renewable energy capacity by 2022: PM

Prime Minister Narendra Modi on Tuesday exuded confidence that India will increase its existing clean energy capacity of 134 GW to 220 GW by 2022 and stressed on reducing tariffs further through technological advancements.
 
The Prime Minister was earlier expected to deliver the inaugural address at the World Solar Technology Summit organised by the International Solar Alliance (ISA), but could not do so due to some other engagements.
 
New and Renewable Energy Minister R K Singh read out Modi's message at the virtual summit.
 
"We have scaled up our non-fossil fuel based generation to 134 GW, which is about 35 per cent of our total power generation. We are confident of increasing it to 220 GW by 2022," Singh said, reading out the Prime Minister's message.

EPFO settles 9.4 million claims worth Rs 35,445 cr during April-August

Retirement fund body EPFO has settled 9.44 million claims totalling Rs 35,445 crore during April-August despite Covid-19 related restrictions, an official statement said on Tuesday.
 
During this period, the Employees' Provident Fund Organisation (EPFO) has settled around 32 per cent more claims as compared to the corresponding period of last year (April-August 2019), while the amount disbursed increased by around 13 per cent.
 
"Despite the COVID-19 pandemic restrictions, EPFO has been able to settle a staggering 9.44 million claims thereby disbursing about Rs 35,445 crore to its members during the period of April-August, 2020," the labour ministry statement said. Read on

Govt plans to sell 15-20% stake in IRCTC via OFS in at least 3 tranches

The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale (OFS) and would like to complete the transaction in minimum number of tranches.
 
Last month, the Department of Investment and Public Asset Management (DIPAM) had invited bids from merchant bankers by September 10 for managing the sale in Indian Railway Catering and Tourism Corp (IRCTC). However, it did not disclose the quantum of stake on offer in the Request for Proposal (RFP).

Rhea Chakraborty sent for medical check-up after arrest: Deputy DG, NCB

India, Angola decide to boost ties in diverse sectors

India and Angola have resolved to expand their bilateral cooperation in a range of areas including energy, telecommunication, information technology and agriculture.
 
The two sides reviewed the entire gamut of bilateral relations at a meeting of the India-Angola Joint Commission which was co-chaired by the External Affairs Minister S Jaishankar and his Angolan counterpart Tete Antonio.
 
A joint press communique on Monday's virtual meeting said both governments shared the view that terrorism in all its forms and manifestations is a global scourge and resolved to combat it through coordinated regional and global efforts, including at the UN.
 
"The two ministers reviewed the entire spectrum of bilateral relations in the areas of political, economic, trade and investment, defence and security and development cooperation," it said.

IAF to formally induct Rafale jets on Sept 10; French defence min to attend

Defence Minister Rajnath Singh, his French counterpart Florence Parly and India's top military brass will attend a ceremony in Ambala airbase on Thursday to formally induct five Rafale fighter jets into the Indian Air Force, officials said.
 
Parly and Singh will hold talks in Ambala on ways to further deepen bilateral defence and security cooperation after the ceremony, they said.

Life insurers record 15% growth in new business premiums in August

Life insurers, 24 in all, have recorded a 15 per cent growth in new business premiums in August. This is the second consecutive month of positive growth in new business premiums (NBP) for life insurers after a contraction for four straight months.
 
In August, life insurers earned NBP to the tune of Rs 27,039.79 crore, compared to Rs 23,554.94 crore in the same period last year. Private life insurers' NBP grew 13.74 per cent to Rs 7,325.59 crore in August 2020, as opposed to Rs 6,440.62 crore in August 2019. State-owned insurance behemoth Life Insurance Corporation, on the other hand, recorded 15.19 per cent jump in NBP to Rs 19,714.21 crore compared to Rs 17,114.32 crore. Read more

Bengal CM rejects rumours on Durga Pujo, says, no decisions taken

Delhi CM Kejriwal launches online system to file consumer complaints

Chief Minister Arvind Kejriwal on Tuesday launched an online system for filing complaints in consumer courts and said it will prove to be a milestone especially during the Covid-19 pandemic.
 
He said consumers will now be able to file complaints from their homes any time and make payments online.
 
"It will prove to be an important step in the times of Covid-19... We have already been asking people to stay home," the chief minister said.

Ashok Leyland's Chairman Emeritus RJ Shahaney passes away after illness

Ashok Leyland's Chairman Emeritus, R J Shahaney passed away on Tuesday after a brief illness. Shahaney was Ashok Leyland’s first Indian managing director and served in that capacity from 1978 till 1998. He subsequently served as the company's chairman until 2010.
 
Shahaney laid the strong foundation in manufacturing, engineering and technology for the company. In an era when Ashok Leyland, being a foreign company, faced challenges for growth, he had the courage to embark on an expansion plan led to the company's growth. The plants at Hosur, Alwar and Bhandara came up during his tenure. Read more

Policy on PPP model needed for intelligent traffic system, says Gadkari

Union minister Nitin Gadkari on Tuesday said there is a need for a policy on public private partnership (PPP) model for an intelligent traffic system to reduce road accidents.
 
A reputed private consultant will be appointed to come out with the model, the Road Transport, Highways and MSME Minister said while asserting that post implementation of the Motor Vehicles (Amendment) Act, 2019, road accidents and related deaths have come down.
 
India, on an average, witnesses about 5 lakh road accidents per annum in which about 1.5 lakh people die and about 3 lakh are crippled.

NIA arrests 3 from Pune in Bhima Koregaon case

The NIA has arrested three persons including a woman, all members of the outlawed CPI(Maoist)'s frontal organisation, in connection with the Bhima Koregaon Elgar Parishad case, an official said.
 
Sagar Tatyaram Gorkhe, 32, and Ramesh Murlidhar Gaichor, 36, were arrested on Monday while Jyoti Raghoba Jagtap, 33, was arrested on Tuesday, an NIA spokesperson said. They all are residents of Pune.
 
The accused are members of Kabir Kala Manch, a frontal organisation of the banned terrorist organisation CPI(Maoist), the official said.

Opening places of worship with guidelines not practical: Maharashtra govt

The Maharashtra government has told the Bombay High Court that opening of religious places, even with guidelines, was not a "practical" solution and it had decided against it till the COid-19 situation improved.
 
The state government was responding to a public interest Litigation filed by a local NGO seeking direction that temples in the state be opened for worshippers.
 
The petitioner's counsel Dipesh Siroya had urged the court to direct the state to reopen temples albeit with restrictions such as limiting the number of worshippers at a time.

Jaishankar holds talks with Iranian counterpart Zarif in Tehran

On his way to Russia, External Affairs Minister S Jaishankar on Tuesday made a stopover in Tehran and held talks with his Iranian counterpart Javad Zarif, covering various aspects of bilateral relations and regional developments.
 
"A productive meeting with FM @JZarif during a stopover in Tehran. Discussed strengthening our bilateral cooperation and reviewed regional developments. Thank him for his gracious hospitality," he tweeted.
 
The Iranian foreign ministry, in a tweet, said the two sides emphasised on their will to further expand bilateral ties in "all aspects". It is learnt that the Chabahar port project as well as the situation in the Gulf region figured in the talks.

Tanker fire off Sri Lankan coast reduced considerably: Indian Coast Guard

Mumbai airport rolls out contactless check-in system for passengers

Mumbai airport has put in place a QR code-enabled contactless check-in mechanism for the passengers, which allows them the use of their mobile phones to remotely operate check-in and self-bag drop kiosks for printing boarding passes and bag tags.
 
Passengers at Mumbai airport just need to scan the QR code shown on the kiosks to access a remote keyboard and mouse on their mobile device, without touching the kiosks, Mumbai International Airport Ltd (MIAL) said in a release.
 
Deployed by global airlines IT services solution major SITA, the touchless technology solution is a vital step in reducing passenger contact with kiosk surfaces and is in full compliance with the civil aviation ministry's passenger processing guidelines, it added.

Telemedicine market in India to reach $5.5 bn by 2025: Study

The Indian healthcare industry needs to shift from traditional in-person doctor-patient interaction to digitally-enabled remote consultations, according to an EY-IPA study which said the domestic telemedicine market will reach $5.5 billion by 2025.
 
"15-20 per cent of the healthcare ecosystem is expected to shift to virtual care, across triaging, consults, remote monitoring, home health, etc, the study, 'healthcare goes mobile: Evolution of teleconsultation and e-pharmacy in new Normal', said.
 
However, the rapid growth driven by increased digitisation will raise challenges related to patient's data privacy and prescription substitution. Thus, there is an immediate need for a strong regulatory framework in the interest of patients and consumers, it added.
 
"The telemedicine market in India is expected to grow at a compound annual growth rate (CAGR) of 31 per cent for the period 2020-25 and reach $5.5 billion", the study said.

Gold rises Rs 122 to Rs 51,989; silver gains Rs 340

Gold prices rose Rs 122 to Rs 51,989 per 10 grams in the national capital on Tuesday supported by rupee depreciation, according to HDFC Securities.
 
In the previous trade, gold closed at Rs 51,867 per 10 grams.
 
Silver also gained Rs 340 to Rs 69,665 per kg, from Rs 69,325 per kg in the previous trade.
 
"Spot gold prices for 24 karat in Delhi were up by Rs 122, supported by rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
 
The rupee depreciated 25 paise and settled at 73.63 (provisional) against a US dollar on Tuesday amid rise in demand for the American currency from banks and importers.

Rhea Chakraborty arrested by NCB, three days into questioning

The Narcotics Control Bureau arrested Bollywood actress Rhea Chakraborty after a tough three-days of grilling to unravel the drugs nexus in the film industry, officials said. She has been charged under various sections of the NDPS Act for her alleged role in the drugs angle which has emerged in the investigations into the death of actor Sushant Singh Rajput.
 
Rhea will be taken for a medical test shortly and is likely to be produced before a magistrate through video-conferencing for remand in the evening.
 
The NCB had interrogated Rhea for six hours on Sunday, later on Monday for eight hours and again for around five hours on Tuesday before placing her under arrest.

For first time, ITBP deploys female doctors at forward locations in Ladakh

For the first time, the Indo-Tibet Border Police (ITBP) has sent female doctors to forward operating locations in Ladakh. From sending troops from Leh to taking care of them at the forward locations, the ITBP female doctors have given all kinds of charge.
 
Considering the tensed situation at the border, ITBP has changed its standard operating procedure (SOP), which did not allow any female officer to be deployed at such locations.

Money laundering case: Deepak Kochhar in ED custody till Sep 19

A Mumbai court remanded Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in the custody of the Enforcement Directorate (ED) till September 19 in a money laundering case.
 
Deepak Kochhar was arrested here on Monday under sections of the Prevention of Money Laundering Act (PMLA) in connection with the ICICI Bank-Videocon money laundering case probe.
 
Officials had said Deepak Kochhar was placed under arrest as the agency wants to put him under custodial interrogation to obtain more details about some fresh evidence gathered in this case, that was filed under the criminal sections of the anti-money laundering law in January last year.

Karnataka CM inaugurates air ambulance service in Bengaluru

Govt's telemedicine platform 'eSanjeevani' completes 300,000 consultations

The Union Health Ministry's telemedicine service platform 'eSanjeevani' has completed three lakh tele-consultations till now, the government said on Tuesday.
 
The platform supports two types of telemedicine services -- doctor-to-doctor through eSanjeevani and patient-to-doctor through eSanjeevani OPD. It has provided essential healthcare at a critical time when conventional medicine is perceived to be risky owing to the nature of the coronavirus disease, the health ministry said.
 
On August 9, Union Health Minister Harsh Vardhan had described as "landmark achievement", the national telemedicine service completing over 150,000 teleconsultations.
 
The platform reached double that number within a month since then. One lakh of these tele-consultations were held in the last 20 days, the ministry said.

Sebi allows NSE to undertake e-KYC Aadhaar authentication

Markets regulator Sebi on Tuesday added the National Stock Exchange (NSE) to the list of entities that can undertake e-KYC Aadhaar authentication.
 
The regulator, in May, had come out with a list of eight entities permitted to use e-KYC (Electronic-Know Your Customer) Aadhaar authentication.
 
Central Depository Services (India) Ltd (CDSL), National Securities Depository Ltd (NSDL), BSE, CDSL Ventures, NSDL Database Management, NSE Data and Analytics, CAMS Investor Services and Computer Age Management Services were the eight entities that were allowed to use e-KYC Aadhaar authentication.
 
In a circular issued on Tuesday, Sebi said, "National Stock Exchange of India Limited shall undertake Aadhaar authentication service of the UIDAI subject to compliance of the conditions as laid down in this regard".

Rupee settles 25 paise lower at 73.63 against US dollar

The rupee depreciated 25 paise and settled at 73.63 (provisional) against the US dollar on Tuesday amid rise in demand for the American currency from banks and importers. At the interbank forex market, the rupee started off on a tepid note at 73.63 and finally closed at 73.60 against the greenback, down 25 paise over its previous close.
 
The local unit traded in a range of 73.37 and 73.64 per US dollar during the session.
 
On Monday, the rupee had settled at 73.35 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.43 per cent to 93.11.
 
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 174.22 points higher at 38,591.45, and the broader NSE Nifty rose 38.05 points to 11,393.10.

Chinese army fired shots in air, tried to close in on Indian position in Ladakh: Army

The Army on Tuesday said Chinese troops fired shots in the air and attempted to close in on an Indian position in eastern Ladakh a day earlier as it rejected charges by China's People's Liberation Army(PLA) that it transgressed across the Line of Actual Control (LAC).
 
The remarks by the Army came after the PLA late on Monday night alleged that the Indian troops crossed the LAC and "outrageously fired" warning shots near the Pangong lake in eastern Ladakh.
 
The use of firearms along the LAC marks a serious escalation in border tensions as the previous instance of shots being fired at the de-facto border was in 1975.
 
India and China exchanged accusations just four days after Defence Minister Rajnath Singh and his Chinese counterpart Gen. Wei Fenghe held talks in Moscow on ways to ease tensions at the border. They met last Friday on the sidelines of a Shanghai Cooperation Organisation (SCO) meet.

Chinese army fired shots in air, tried to close in on Indian position in Ladakh: Army

The Army on Tuesday said Chinese troops fired shots in the air and attempted to close in on an Indian position in eastern Ladakh a day earlier as it rejected charges by China's People's Liberation Army(PLA) that it transgressed across the Line of Actual Control (LAC).
 
The remarks by the Army came after the PLA late on Monday night alleged that the Indian troops crossed the LAC and "outrageously fired" warning shots near the Pangong lake in eastern Ladakh.
 
The use of firearms along the LAC marks a serious escalation in border tensions as the previous instance of shots being fired at the de-facto border was in 1975.
 
India and China exchanged accusations just four days after Defence Minister Rajnath Singh and his Chinese counterpart Gen. Wei Fenghe held talks in Moscow on ways to ease tensions at the border. They met last Friday on the sidelines of a Shanghai Cooperation Organisation (SCO) meet.

India's voice becoming global, world paying more attention to us: PM

Prime Minister Narendra Modi asserted on Tuesday that not only Indian products but India's voice too is becoming more global with the world paying more attention to the country.
 
"Our newspapers and magazines should have global reputation. We should reach digitally across the world in this digital age. Indian institutions should give away literary awards like they are given in different parts of the world. This is the need of the hour and necessary for the country," he said.
 

Indian Army crossed LAC in Ladakh, fired shots, alleges PLA

India's hiring outlook bleakest in 15 yrs; only 3% firms planning to hire

India is witnessing the weakest hiring sentiment in 15 years with just 3 per cent companies planning to add staff in the next three months, a survey of over 800 employers said on Tuesday.
 
According to the ManpowerGroup Employment Outlook Survey, that covered 813 firms across India, Indian employers report cautious hiring plans for the final quarter of 2020.
 
As per the survey, 7 per cent of employers anticipate an increase in payrolls, 3 per cent forecast a decrease and 54 per cent expect no change. Once the data is adjusted to allow for seasonal variation, the outlook stands at 3 per cent, it said. 

72% loans affected due to Covid-19, economic recovery improving: KV Kamath

A day after the Reserve Bank of India appointed committee outlined parameters to deal with 26 sectors buffeted by Covid-19, chairman K V Kamath said that 72 per cent of the loans were affected in the quadrants presented. However, he added that the "economic recovery is better than what we imagined 12 weeks ago." 

"There was pressure on industries even before the coronavirus pandemic hit and the GDP contraction of nearly 25 per cent was not a surprise. The last two quarters have been most impacted by Covid-19," Kamath added. Read more
 

Maharashta politics: Sanjay Raut appointed Shiv Sena's chief spokesperson

The Shiv Sena on Tuesday said it has appointed its Rajya Sabha member Sanjay Raut as the chief spokesperson of the party.
 
Raut, who is also the executive editor of Shiv Sena mouthpiece 'Saamana', has been engaged in a war of words with actor Kangana Ranaut after she likened Mumbai to Pakistan occupied Kashmir (PoK).
 
The Shiv Sena in a statement on Tuesday said Raut has been appointed as the party's chief spokesperson

BMC pastes notice at Bollywood actor Kangana Ranaut's Pali Hill bungalow, pointing out many alterations undertaken there without approval


Rhea files fresh complaint with Mumbai Police against Sushant Singh Rajput's sisters

Rhea filed a fresh complaint with Mumbai Police against Priyanka and others for acquiring a ‘bogus and unlawful prescription’ for Sushant on June 8, so that he could get access to anxiety medication

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