LIVE: Teamwork of AI with humans can do wonders for our planet, says PM

PM addresses summit on Artificial Intelligence. Encourages use of AI responsibly and calls for united front against weaponisation of AI

11:21 AM

Loan Moratorium case SC hearing: When it comes to other sectors, it can be said that they can come under the Kamath Committee report, says Justice Shah

Justice Shah: When it comes to other sectors, it can be said that they can come under the Kamath Committee report. They’ve already submitted that for restructuring anything. So, you might come under that. 

11:19 AM

Loan Moratorium case LIVE: Centre has completely left out real estate sector, says Senior Advocate C Aryama Sundaram

Senior Advocate C Aryama Sundaram: They’ve completely left out the real estate sector. They haven’t given us any consideration. Therefore, it becomes important for us to show you why we must be considered.

11:17 AM

Loan Moratorium case LIVE: Centre filed Affidavit a day before and through the 'media', says Kapil Sibal

SC Bench: You should have prepared it. 

 

Kapil Sibal: It was not possible to file a Reply in two days. We have to go through files and the RBI website. They were given weeks after weeks. What they’ve said is completely wrong. 

11:15 AM

Loan Moratorium case LIVE: Kapil Sibal requests SC for some more time to file a reply before the Bench considers the Affidavit

Sr. Adv. Kapil Sibal states that he wants to make a request as the Affidavit was filed a day before “and through the media”. 

 

He requests for time to file a Reply before the Bench considers the Affidavit.

11:12 AM

Govt to bear interest on interest for small borrowers during moratorium

The government is ready to bear the burden of an interest waiver for small borrowers as the estimated impact of the move on the entire banking system would otherwise be Rs 6 trillion, the finance ministry told the Supreme Court on Friday.

 

“After careful consideration and weighing all possible options, the Union government has decided to continue the tradition of handholding the small borrowers. The government, therefore, has decided that the relief on waiver of compound interest during the six-month moratorium period shall be limited to the most vulnerable category of borrowers,” an affidavit submitted by the department of financial services (finance ministry) on Friday stated. Read on...

11:11 AM

Centre to frame scheme to waive moratorium interest

The Union government will formulate a scheme to waive compound interest for small borrowers during the six-month moratorium period, which may come at a cost of Rs 5,000-7,000 crore.
 

A senior finance ministry official said the government would frame a Cabinet note for the scheme after getting a go-ahead from the Supreme Court, which is scheduled to hear an ongoing case related to interest waiver on moratorium loans on Monday. Read on...

10:45 AM

SC directs Vijay Mallya to appear before the Supreme Court on October 5

10:41 AM

Loan moratorium case: Centre has told the Court that it has decided to waive compound interest during the moratorium period for MSMEs and personal loans up to Rs 2 crores.

10:23 AM

SC to continue hearing today pleas seeking waiver of interest during the 6 loan moratorium allowed by RBI

SC to continue hearing today pleas seeking waiver of interest during the 6 loan moratorium allowed by RBI from March 1 to August 31 on account of coronavirus and lockdown.

 

9:02 AM

Finance Minister Nirmala Sitharaman to chair the 42nd GST Council meeting via video conferencing today.

8:35 AM

Kerala: A CPI(M) secretary of party's Puthussery branch was stabbed to death in Thrissur district

Kerala: A CPI(M) secretary of party's Puthussery branch was stabbed to death in Thrissur dist yesterday after he was allegedly attacked by a group of people, 3 injured. Police say, "A scuffle broke out between 2 groups over an illegal bike race, leading to a clash, one person killed".

8:23 AM

NY governor vows aggressive enforcement amid weak observance of Covid norms

Heavy-handed enforcement would be carried out in New York from Monday onwards, said State Governor Andrew Cuomo on Sunday amid low observance of Covid-19 norms in the city.

 

"Local governments have not done an effective job of enforcement in these hotspot ZIP codes. NYS will be doing aggressive enforcement starting tomorrow. As we saw with bars and restaurants, when the state initiated enforcement actions compliance greatly increased," Cuomo tweeted. Read on...

8:21 AM

Chennai Super Kings beat Kings XI Punjab by 10 wickets in an IPL match in Dubai

8:18 AM

More than 1.9 million people have returned to India and flown out since Vande Bharat Mission began: Hardeep Singh Puri

8:15 AM

US elections: One month out, battered Trump campaign faces big challenges

President Donald Trump's long-hidden tax returns leaked out. His first debate performance ignited a firestorm over white supremacy.

 

He was hospitalised for COVID-19 after months of playing down the threat of a pandemic that has killed more than 200,000 Americans. And that was just this week.

 

Trump's reelection team, battered on all sides, now enters the final month of the campaign grappling with deficits in the polls, a shortage of cash and a candidate who is at least temporarily sidelined. Read on...