Latest LIVE: Bihar Education Minister resigns three days after appointment

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3:48 PM

Bihar Education Minister Mewa Lal Choudhary resigns

3:29 PM

SC restores dismissed PIL challenging validity of Centre's farm laws

The Supreme Court Thursday restored a PIL, which was dismissed earlier, challenging the constitutional validity of Centre's newly enacted three farm laws on a ground that Parliament lacked power to make legislations on the subject as 'agriculture' is a state subject in the Constitution. A bench headed by Chief Justice S A Bobde, on October 12, had issued a notice to the Centre on a batch of petitions against the three contentious farm laws and had sought its reply in four weeks.

However, it had dismissed the PIL filed by lawyer M L Sharma against these statutes by asking him to approach the High Court instead.

"We will restore and keep your matter for admission after two weeks," the bench, also comprising Justices A S Bopanna and V Ramasubramanian, said when Sharma claimed on Thursday that he couldn't argue his case on the last date of hearing.

In a hearing conducted via video conferencing, the lawyer sought restoration of his dismissed PIL by saying "if I could not appear before the court and argue myself, then it amounts to non-appearance". The bench said it remembered as to what had transpired on the last date of hearing in the case.

2:49 PM

Loan Moratorium Extension case: SC disposes off petitions in which petitioners are satisfied with compound interest waiver

2:47 PM

Registration of construction workers through door-step delivery begins today in Delhi

Delhi Deputy Chief Minister Manish Sisodia on Thursday said that the registration of construction workers for government schemes will be done through door-step delivery. The door-step delivery service has started today on '1076' helpline, aiming that no construction worker will have to stand in long queues at government offices.

 

"It has now been decided that registration of construction workers (for govt schemes) will be done through door-step delivery. The service begins today on '1076' helpline. No construction worker will have to stand in long queues at govt offices now," Sisodia said in a press briefing here today.

 

Under the service, a government executive will go to the construction worker's house at a time suitable and all his or her documents will be uploaded there.

2:34 PM

Rs 2,000 fine for not wearing a mask at public places: Delhi CM Arvind Kejriwal

2:27 PM

Loan Moratorium Extension case: All parties to file suggestions for RBI and Centre before hearing so that response can be given, says SC

2:18 PM

LVB's swift resolution by RBI to help maintain financial stability: S&P

Global rating agency Standard and Poor's ( S&P) today said Reserve Bank of India's move to consider Singapore-based DBS Bank to bail out Lakshmi Vilas Bank demonstrates its willingness to put control of banking assets in foreign entities.

 

Previously, empahsis had been to look at homegrown institutions. In the bailout of private sector YES Bank earlier this year, the RBI called upon government-controlled State Bank of India and other large Indian banks for capital support.

 

The swift resolution of troubled Lakshmi Vilas Bank (LVB) will keep contagion at bay and help maintain stability in the banking system. Reserve Bank of India has proposed merging LVB with DBS Bank India Ltd ( DBIL). As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank will inject Indian rupee Rs 2,500 crore into the merged entity to support its financial position. READ ON...

2:09 PM

Delhi CM Arvind Kejriwal addressing press conference on Covid-19 containment

1:45 PM

Number of RT-PCR tests to be enhanced from 18,000 to 27,000 daily in Delhi: AAP MLA after all-party meeting on Covid-19

1:43 PM

Loan Moratorium Extension case: Supreme Court hearing underway

1:37 PM

Loan moratorium case in SC LIVE: Solicitor General Tushar Mehta citing measures such as IBC suspension

SG: Resolution can't be invoked before Dec 31, 2020. Pre-COVID defaulters can't benefit from a fresh resolution framework. Resolution can't be invoked before Dec 31, 2020. Committee studied the commercial situation, spoke to stakeholders Committee assessed stress in various sectors. Disaster Management Authority has done whatever it could. NDMA has already done what it could under law.

1:30 PM

Loan moratorium case in SC LIVE: Almost every sector which can conceivably be impacted by Covid19 related stress, identified, SG says

1:27 PM

Loan moratorium case in SC LIVE: Banks are approaching loan holders through mails and SMS etc., SG says

"They are under directions to do so," says SC.

1:24 PM

Banks fully empowered to resolve Covid-19 related stress to individual borrowers, says SG

Banks fully empowered to resolve Covid-19 related stress to individual borrowers which have various concessions such as interest haircuts, loan restructuring, rescheduling payments etc, says SG

1:23 PM

Loan moratorium case LIVE: Kamath Committee was appointed for Loan Restructuring, SG tells SC

This committee took several stakeholders into account and came out with their report, SG says and points to it on the affidavit.

 

All accounts which are not big accounts have been covered by RBI circular, SG says.