LIVE: Assam flood affects over 600,000 people, death toll stands at 66

RBI is engaged with all stakeholders for resolution for Punjab and Maharashtra Cooperative Bank," Shaktikanta Das said. Stay tuned with Business Standard for the latest news of today

1:52 PM

ED to register money laundering case against Vikas Dubey's family, associates

The Enforcement Directorate (ED) is set to file a money laundering case and probe alleged illegal transactions and tainted assets created by dead gangster Vikas Dubey, his family members and associates, officials said on Saturday.
 

They said the agency's zonal office in Lucknow has written to the Kanpur police in this context on July 6 seeking all FIRs and chargesheets filed against him and his linked persons and the latest update in all these cases.
 

The ED, they said, will soon file a complaint under the Prevention of Money Laundering Act (PMLA) to probe criminal proceeds of crime that were allegedly generated by Dubey, his associates and family members and if this money was subsequently used for creation of illegal movable and immovable properties.

 

12:47 PM

If police did the encounter then no one should raise a question: Shiv Sena on Vikas Dubey

If police did the encounter then no one should raise a question - be it media, political parties or Human Rights Commission. Investigate but don't politicise: Sanjay Raut, Shiv Sena on Vikas Dubey

12:40 PM

It is not right to question Police and demoralise them: Sanjay Raut, Shiv Sena on Kanpur encounter

An anti-social element who runs a gang of goons, when someone like him attacks men in uniform, killing eight, he can't be forgiven. If he has been killed in encounter, then I think it is not right to question Police and demoralise them: Sanjay Raut, Shiv Sena

12:18 PM

Six insurgents killed in encounter in Arunachal Pradesh

Six insurgents were killed in an encounter with security forces in Khonsa area of Arunachal Pradesh in the early hours of Saturday.

12:17 PM

Rahul Gandhi attacks PM Modi over

Congress leader Rahul Gandhi today attacked Prime Minister Narendra Modi over his assertion that the Rewa Ultra Mega Solar project in Madhya Pradesh is the largest in Asia.

Prime Minister Modi, on Friday, launched the 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing.

 

"Asatyagrahi" (which roughly translates to 'one who does not believe in the struggle for truth'), Rahul Gandhi wrote in Hindi on Twitter, tagging a tweet by the Prime Minister's Office which quoted PM Modi as saying that Rewa has been identified with Narmada and white tigers, but now the name of Asia's largest solar power project has also been added to it.

असत्याग्रही! https://t.co/KL4aB5t149

— Rahul Gandhi (@RahulGandhi) July 11, 2020

 

12:17 PM

4.3 magnitude earthquake in Hindukush

An earthquake hit the region at 09:50 am, today, according to the National Center for Seismology.

 

12:13 PM

Tamil Nadu asks Centre to fly back 40 fishermen stranded in Iran

Tamil Nadu Chief Minister K. Palanniswami has urged the central government to arrange for the repatriation by air of 40 fishermen from the state stranded in Iran.

Palaniswami in a letter to External Affairs Minister S. Jaishankar on Friday thanked for bringing back 681 fishermen safely to the state by Indian Navy Ship INS Jalashwa on July 1.
 

"Further, around 40 fishermen from Tamil Nadu have been left behind due to inadequacy of space in the ship. Therefore, I request you to arrange for their repatriation at the earliest to Tamil Nadu in a special flight," Palaniswami said.

11:56 AM

Even Indira Gandhi, Atal Bihari Vajpayee lost: Sharad Pawar's jibe at BJP

Targeting the Bharatiya Janata Party, NCP chief Sharad Pawar has said that politicians should not take voters for granted as even powerful leaders like Indira Gandhi and Atal Bihari Vajpayee had been defeated in elections.
 

Criticising former Maharashtra Chief Minister Devendra Fadnavis over his "Mi punha yein" (I will come back) claim during the last year's assembly polls, Sharad Pawar said that voters thought that this stance showed arrogance and felt that they should be taught a lesson.

11:31 AM

Coronavirus pandemic will result in high NPAs and capital erosion, says RBI Governor

11:21 AM

Building buffers, raising capital crucial for ensuring credit flows and to build resilience in financial system: RBI Governor

11:21 AM

Indian economy has started showing signs of going back to normalcy after easing of restrictions: RBI Governor

11:21 AM

We need a structured mechanism with legal backing to deal with stressed assets: RBI Governor

11:16 AM

Indian companies and industries respond better in a crisis: RBI Governor Shaktikanta Das

10:57 AM

Coronavirus brought with it calamities, miseries, endangering lives and livelihood of people, says RBI

— From February 2019 onwards,on cumulative basis, we had cut the Repo rate by 135 basis points till the onset of Covid-19. That was done mainly to tackle the slowdown in growth which was visible at that time & we had elaborately touched upon its in our MPC Resolutions: RBI Governor

— The lagged impact of these measures was about, to propel a cyclical turnaround in economic activity when Covid-19 brought with it calamities, miseries, endangering of lives & livelihood of people: RBI Governor delivers keynote address at the 7th SBI Banking & Economics Conclave

10:53 AM

RBI has strengthened its offsite surveillance mechanism to identify emerging risks: Governor Shaktikanta Das