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07 Aug

No change in fuel prices in almost 3 weeks

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies (OMC) continue to pause fuel price revision for the 20th consecutive day on Friday as a wait and watch policy continues amid fluctuating global crude prices. Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly breaching to $77 a barrel, and then fall below $70 a barrel to crossing $75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory. With no price…

07 Aug

PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy

editor0 CommentsBusiness, IndiaIndia, RBI

The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines as low interest rates are critical to economic revival. Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate. Amendment of guidelines related to export credit in foreign currency and restructuring of Derivative contracts is a much needed move…

07 Aug

J&J’s single-dose Covid vaccine gets Emergency Use approval in India

editor0 CommentsCovid19, Health, IndiaCovid 19, COVID VACCINE

Johnson & Johnson’s single-dose Covid-19 vaccine has been given Emergency Use approval in India, Union Health minister Mansukh Mandaviya said on Saturday. He said this will further boost the country’s collective fight against the novel coronavirus infection. “India expands its vaccine basket! Johnson and Johnson’s single-dose COVID-19 vaccine is given approval for Emergency Use in India. Now India has five EUA vaccines. This will further boost our nation’s collective fight against #COVID19,” the minister tweeted. “The US-based pharmaceutical company had applied for Emergency Use Authorisation for its jab on Friday and was granted the approval the same day by the…

07 Aug

‘CBI Has Done Nothing, We Expected Some Change In Its Attitude’ : Supreme Court Pulls Up CBI For Not Responding To Judges’ Complaints Of Harassment

editor0 CommentsIndiaSUPREME COURT

The Supreme Court on Friday said Central agencies such as the Central Bureau of Investigation and the Intelligence Bureau and State police forces chose to ignore complaints from judges about abusive messages and threats even as attacks on the judiciary were on the rise. The court suggested the formation of a special force to protect judges, especially trial judges who decide criminal cases involving high-profile accused. A bench of Chief Justice N V Ramana and Justice Surya Kant said, “In criminal cases involving gangsters and high profile persons, when the accused do not get expected orders from the courts, they…

06 Aug

India, China disengage in eastern Ladakh’s Gogra, temporary structures created by both sides dismantled

editor0 CommentsIndia, InternationalChina, India

India and China on Friday carried out troop disengagement at Gogra, the patrolling point 17A, one of the friction points between the two countries in the eastern Ladakh region. "The troops of both sides are now in their respective permanent bases," Indian Army said in a statement.During the 12th round of talks, there was an agreement between both sides to disengage from PP-17A also known as Gogra. The troops in this area have been in a face-off situation since May last year. "All temporary structures and other allied infrastructure created in the area by both sides have been dismantled and…

06 Aug

Johnson & Johnson applies for approval of its single-dose Covid vaccine in India

editor0 CommentsHealth, India, Internationalcovid-19 vaccine

Global healthcare major Johnson & Johnson on Friday said it has applied for Emergency Use Authorization (EUA) of its single-dose COVID-19 vaccine in India. Earlier the company had said that it remained committed to bringing its single-dose COVID-19 vaccine to India and looks forward to ongoing discussions with the Indian government. The vaccine despite being declared by the US Centers for Disease Control and Prevention (CDC) that it had high efficacy at preventing hospitalisation and death in people ran into one hurdle after another. "On August 5, 2021, Johnson & Johnson Pvt. Ltd applied for Emergency Use Authorisation (EUA) of…

06 Aug

Raid at Mumbai bar for violation of COVID-19 norms; 10 held, 4 women rescued

editor0 CommentsCovid19, IndiaCovid 19, India

Police have arrested at least 10 men after a raid at a bar in Malad over violation of coronavirus norms, an official said on Friday. The raid was conducted at the bar located on SV Road around 9:45 on Thursday, he said, adding that four women staffers were also rescued during the operation. A police official said, "It was found that the bar violated the COVID-19 norms issued by the state government as well as the local civic body." A team led by DCP Vishal Thakur conducted the raid, he said, "At least 10 male customers, who were present there,…

05 Aug

Sensex gives up gains after touching new high

editor0 CommentsBusiness, IndiaINDIANECONOMY, sensex

The key Indian equity indices gave up gains on Thursday after touching record highs during the initial trade. The BSE Sensex touched a new high of 54,576.64, and the Nifty50 on the National Stock Exchange hit a record 16,294.65 points. Around 10.25 a.m, Sensex was trading at 54,284.73, lower by 85.04, or 0.16 per cent from its previous close of 54,369.77. It opened at 54,576.64 and has so far touched an intra-day low of 54,243.97 points. The Nifty50 on the National Stock Exchange was trading at 16,231.20, lower by 27.60 points or 0.17 per cent from its previous close. Analysts…

05 Aug

Pegasus row: SC pulls up lawyer, says no notice for Modi, Shah

editor0 CommentsCrime, India, Technologypegasus

The Supreme Court on Thursday pulled up advocate M.L. Sharma for making Prime Minister Narendra Modi and Home Minister Amit Shah as respondents in his petition seeking a court-monitored SIT probe into the Pegasus snooping issue. A bench comprising Chief Justice N.V. Ramana and Justice Surya Kant said: “You have included certain individuals (Prime Minister and Home Minister as respondents in the petition). We can’t issue notice like this. Don’t try to take advantage of things, you have a defective memo of parties”. Sharma had argued that the government is fabricating material in the computer through this software.

05 Aug

NIA raids 5 places in J&K, Karnataka, arrests 4 for raising funds for IS

editor0 Commentsbreaking news, Crime, Indiajammu and kashmir, NIA

The National Investigation Agency (NIA) on Wednesday carried out searches at five locations in Jammu and Kashmir, and Karnataka in the ISIS Kerala module case and arrested four persons, involved in raising funds and radicalising and motivating more people to join the banned terror organisation. An NIA spokesperson here said that agency personnel, along with state police units, conducted simultaneous searches at five locations — three in Jammu and Kashmir and one each in Mangaluru and Bengaluru in Karnataka. The official said that searches were conducted at the premises of the accused, who were continuously in touch with arrested accused…