LIVE: China amassing large number of troops since early May, MEA on LAC row

Monsoon set to hit Delhi today. PM Modi will inaugurate employment scheme for 12.5 mn UP residents. Stay tuned with Business Standard for the latest news of today

4:00 PM

Pakistani troops violate ceasefire along LoC in Jammu and Kashmir's Macchil sector

Pakistani troops on Thursday violated ceasefire along the Line of Control (LoC) in Macchil sector of Jammu and Kashmir by firing mortar shells towards Indian positions, Army officials said. They said the Indian Army gave a befitting response to the ceasefire violation. No casualties were reported in the incident.

 

"On 25 June 2020, Pakistan initiated an unprovoked ceasefire violation (CFV) along the LoC in Macchil sector by firing mortars," the officials said.

 

There has been a sharp increase in ceasefire violations along the Line of Control over the past two weeks. Security officials maintain that Pakistan is resorting to ceasefire violations to provide cover for infiltration of militants into the valley.

3:48 PM

Jammu and Kashmir: Pakistan violated ceasefire in Machhal sector, Kupwara, today

3:47 PM

Sensex ends 26.88 points lower at 34,842.10; Nifty slips 16.40 points to 10,288.90

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Banning Chinese products not feasible, levy cess on raw material exports: FIEO

A blanket ban on import of Chinese products is not feasible, the Federation of Indian Export Organisations (FIEO) said on Thursday while calling for imposing a cess on raw material exports to the world's second-largest economy, ANI reported. There have been growing calls to shun Chinese products after a border clash with China in which 20 Indian soldiers were killed.

 

"FIEO is against a blanket ban on Chinese products. It will not be good for India to ban on an emotional surge," said FIEO President S K Saraf in a virtual press conference.Instead, he said, there could be a cess on exports of raw material like cotton, spices, plastics and chemicals to China.

 

Saraf denied reports suggesting that customs officials at Mumbai and Chennai have held shipments originating from China for extra checks. FIEO Director General and CEO Ajay Sahai said if Beijing retaliates, then India is going to suffer more than China. "Our economy will suffer if we ban Chinese products as there is a huge trade balance.

3:22 PM

Class 10, 12 CBSE exams scheduled for July cancelled: Centre tells SC

The Central government submitted before the Supreme Court on Thursday that the remaining class 10 and 12 CBSE exams, which were earlier rescheduled to be held between July 1 to July 15 in view of the Covid-19 pandemic, have been cancelled. Solicitor General Tushar Mehta, appearing for the Centre and Central Board of Secondary Education (CBSE), informed a three-judge bench headed by Justice AM Khanwilkar that the remaining class 10 and 12 CBSE exams scheduled to be held in July have been cancelled.

 

Delhi, Maharashtra, and Tamil Nadu have conveyed their inability to conduct the examinations, Mehta said.

 

The bench asked whether class 12 students were being given the option to either get marks on the internal assessment basis or appear for an exam later, to which the Mehta responded in the affirmative. CBSE exams for class 10 students stand cancelled, Mehta said and added that they don't have to give any examinations. Mehta further submitted that as soon as conditions are conducive, CBSE exams for class 12 students, who opt for it, will be conducted.

 

The apex court was hearing a petition, filed by advocate Rishi Malhotra, seeking directions to cancel the remaining CBSE exams in view of the health risk of coronavirus infection. The apex court was also hearing a similar petition regarding the ICSE exams.

 

Indian Certificate of Secondary Education (ICSE), through its counsel Jaideep Gupta, also informed the court that it will also cancel the class 10 and 12 board exams. However, it submitted that it does not agree to give the option to students to give the exam later.

3:09 PM

CBSE Exams 2020 LIVE: Maharashtra, Delhi and Odisha have indicated their 'inability' to conduct CBSE exams this year

3:00 PM

Monsoon LIVE updates: Rain lashes parts of Delhi

2:59 PM

Rupee settles 7 paise higher at 75.65 against US dollar

The rupee erased its initial losses and settled 7 paise higher at 75.65 (provisional) against the US dollar on Thursday tracking positive domestic equities and foreign fund inflows.

 

Forex traders said, the rupee traded in a narrow range as gains in domestic equities, easing crude oil prices and foreign fund inflows supported the market, while strong US dollar and rising coronavirus cases weighed on investor sentiments.

 

The rupee opened at 75.76 against the US dollar, but gathered strength and closed at 75.65, higher by 7 paise over its previous close. It had finished at 75.72 against the greenback on Wednesday. During the four-hour trading session, the domestic unit witnessed an intra-day high of 75.57 and a low of 75.76. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.12 per cent to 97.26.

2:50 PM

Latest News LIVE: ICSE board also decides to cancel the Class 10 and 12 board exams

ICSE board also decides to cancel the Class 10 and 12 board exams. However, ICSE doesn't agree to give option to students to write exam later, Solicitor General Tushar Mehta informs the Supreme Court.

2:47 PM

LIVE: CBSE, ICSE and ISC exams 2020 cancelled, Centre informs Supreme Court

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LIVE: Senior Advocate Jaideep Gupta for ICSE says that he is agreeable to the CBSE’s decision

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CBSE will conduct examinations when conditions are conducive: Solicitor General tells SC

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LIVE: CBSE Board has confirmed that the for Class 12 students, the pending board exams will be optional

2:42 PM

LIVE: Class 10 and 12 exams from July 1 stand cancelled, Board tells SC

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LIVE: CBSE Board has decided to cancel the pending exams which were scheduled to be held from July 1