Latest news LIVE: ED attaches assets worth Rs 2,747 cr in ABG Shipyard case

From Covid to the Russia-Ukraine war, catch all the latest news development here

12:10 PM

CM Mann holds AAP's meeting after Punjab assembly session gets cancelled

A meeting of AAP legislators chaired by Punjab Chief Minister Bhagwant Mann is here underway on Thursday to discuss the next strategy after the governor cancelled the special session of the state assembly called to bring a confidence motion.

AAP legislators on Thursday morning reached the assembly complex for the meeting.

A meeting of the Punjab Cabinet has also been called after the MLAs meeting, party sources said.

Later, a march will also be taken out by the AAP legislators here, they said.

 

11:38 AM

Congress' election authority issues notification for AICC prez polls

The Congress’ central election authority issued a notification today for the AICC president polls. In the notification, the Chairman of the Central Election Authority Madhusudan Mistry announced the election of the president of the party to be held as per the given schedule.

Here's the full schedule of Congress president election:

Process for filing nominations for the election will be held from September 24 to 30

Date of scrutiny of the nomination papers on October 1

Last date of withdrawal of nominations is October 8

The election, if there is more than one candidate, will take place on October 17

The counting of votes and the declaration of results on October 19

 

11:34 AM

Cong's central election authority issues notification for AICC president polls

The Congress' central election authority on Thursday issued a notification for the AICC president polls, setting the ball rolling for electing the successor to the longest-serving party chief Sonia Gandhi.

In the notification issued, Chairman of the Central Election Authority Madhusudan Mistry, under the power vested in him by provision of Article XVIII of the Constitution of the Indian National Congress, announced the election of the president of the party to be held as per the given schedule.

According to the notification, the process for filing nominations for the election will be held from September 24 to 30.

11:24 AM

Odisha to invest Rs 400 crore to boost disaster management capacity

Faced with frequent natural calamities, Odisha has decided to invest Rs 400 crore to bolster the state's disaster management apparatus with modern equipment and intensive training of frontline units, officials said.

 

The move was discussed at the State Executive Committee meeting held under the Chairmanship of Chief Secretary S C Mohapatra.

 

The investment would empower frontline agencies like the Odisha Disaster Rapid Action Force (ODRAF) and Fire Service personnel, Development Commissioner-cum-Special Relief Commissioner P K Jena said.

11:01 AM

Twitter fixes bug that left users' account logged in after password reset

Twitter has disclosed a bug that allowed accounts to stay logged in from multiple devices after a voluntary password reset, putting users' data at potential hacking risk.

The company said that it has fixed the bug that didn't close all active logged in sessions on Android and iOS devices after an account's password was reset.

'If you proactively changed your password on one device, but still had an open session on another device, that session may not have been closed. Web sessions were not affected and were closed appropriately,' the micro-blogging platform said in a statement late on Wednesday.

 

10:41 AM

Gates Foundation announces $1.27 bn aid for social issues, climate change

The Bill and Melinda Gates Foundation has announced fresh financial assistance totalling USD 1.27 billion to address poverty and social inequalities at the end of its two-day event that saw the participation of over 300 young change-makers from across the globe.

The announcement on the financial commitment came over a week after the Foundation in its annual Goalkeepers report noted that nearly every indicator of the UN sustainable development goals are off track for achieving them by 2030.

Despite these challenges, the report highlighted opportunities to accelerate progress by investing in long-term solutions and innovative approaches to entrenched issues, including poverty, inequality, and climate change.

 

10:35 AM

PFI workers stage protest against NIA raids in Tamil Nadu, K'taka

In a major crackdown on the Popular Front of India (PFI), the National Investigation Agency (NIA) conducted raids at eight places in Tamil Nadu in the early hours on Thursday.

NIA conducted searches at in the Madurai city area including Villapuram, Gomatipuram, and Kulamangalam.

More than 50 members of the PFI are protesting against the raids outside the party office in the Dindigul district.

10:32 AM

Rupee slumps to new low as Fed hikes rates, signals longer tightening cycle

The rupee weakened sharply against the US dollar, hitting a fresh low, as the greenback surged following a 75-basis-point rate hike by the Federal Reserve. The dollar’s strength was also amplified by indications from the Fed that its rate hike cycle would continue for longer than earlier expected.

The rupee hit a new low of 80.47 versus the US dollar in the first few minutes of trade on Thursday. The domestic currency, which was trading at 80.36 per dollar at 09:15 am IST, had settled at 79.98 per dollar on Wednesday.

The previous intraday low for the rupee was 80.13 per dollar on August 29. Read more

 

10:09 AM

Bombay HC to hear Shiv Sena's plea for Dussehra rally at Shivaji Park today

The Bombay High Court will on Thursday hear a petition filed by the Uddhav Thackeray-led Shiv Sena seeking permission to hold its annual Dussehra rally at the iconic Shivaji Park in central Mumbai on October 5.

The petition, seeking urgent hearing, was mentioned before a division bench of Justices R D Dhanuka and Kamal Khata on Wednesday.

The bench posted it for hearing on Thursday.

The plea said the party was constrained to approach the HC as the Mumbai civic body was yet to take a decision on their applications submitted in August seeking permission for the rally.

 

10:07 AM

Powell's stark message: Inflation fight may cause recession

The Federal Reserve delivered its bluntest reckoning on Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.

Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have been saying for months: That the Fed's goal of engineering a soft landing in which it would manage to slow growth enough to curb inflation but not so much as to cause a recession looks increasingly unlikely.

The chances of a soft landing, Powell said, are likely to diminish as the Fed steadily raises borrowing costs to slow the worst streak of inflation in four decades.

10:07 AM

UK Foreign Secretary thanks India for "very senior representation" at Queen's funeral

UK Foreign Secretary James Cleverly has expressed gratitude for the representation by Indian President Droupadi Murmu at the funeral of Queen Elizabeth, saying it was really noticed.

President Murmu attended the state funeral of Queen Elizabeth II at Westminster Abbey in London on Monday morning.

"I would like to say a huge thank you for the very very senior representation that India sent to Her Majesty the Queen's funeral. I had the opportunity to meet President Murmu and it was really noticed," Cleverly told PTI in an interview here on Wednesday on the margins of the high-level UN General Assembly session.

9:39 AM

Nearly 100 arrested in NIA's 'largest-ever' raids in 11 states over terror funding charges

As many as 106 activists of the Popular Front of India were arrested on Thursday in early morning raids by multi-agencies led by the National Investigation Agency, covering around 11 states, for allegedly supporting terror activities in the country, officials said.

The maximum number of arrests were made in Kerala (22) followed by Maharashtra and Karnataka (20 each), Andhra Pradesh (5), Assam (9), Delhi (3), Madhya Pradesh (4), Puducherry (3), Tamil Nadu (10), Uttar Pradesh (8) and Rajasthan (2).

According to the officials, the arrests were made during the raids which have been termed as the "largest-ever investigation process till date".

 

9:38 AM

Lalu, Nitish to meet Sonia soon for opposition unity ahead of 2024 LS polls

RJD chief Lalu Prasad has said that he along with Bihar Chief Minister Nitish Kumar would soon meet Congress interim president Sonia Gandhi, in an effort to unite opposition parties ahead of the 2024 Lok Sabha polls.

Prasad claimed that the BJP wants to disturb communal harmony in society to hide the real issues that people are facing.

I along with Nitish Kumar ji will meet Sonia (Gandhi) ji in Delhi. I will also meet Rahul Gandhi after completion of his padyatra'. The united opposition will throw the BJP out of power in the next Lok Sabha polls, Prasad said while addressing the party's state council meeting.

9:31 AM

Dollar towering, Asian stocks cowering as Fed interest rates jump higher

The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday as the prospect of U.S. interest rates rising further and faster than expected spooked investors.

The Federal Reserve raised its benchmark rate by 75 basis points on Wednesday, the third such rise in a row, and officials project rates hitting 4.4% this year - higher than markets had priced in before the meeting and 100 bps more than the Fed projected three months ago.

The dollar rose, short-dated bonds sold off and Wall Street fell overnight, with the moves extending into the Asia session.

9:13 AM

India's palm oil imports to jump 9% on rising demand, lower prices

India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.

The higher buying could help top producer Indonesia in bringing down ballooning inventories and support benchmark Malaysian palm oil prices, which have nearly halved from record highs earlier this year.

Palm oil imports in the new marketing year starting from Nov. 1 could rise to 8.4 million tonnes from 7.7 million tonnes this year, according to the average estimate of nine dealers and one industry official polled on the sidelines of the Globoil conference in Agra.