Business Standard

Live news: Putin's war hurls Russian economy back four years in one quarter

Live news updates: The jolt of international sanctions over the war disrupted trade and threw industries like car manufacturing into paralysis while consumer spending seized up

Image BS Web Team New Delhi
Vladimir Putin

Bank of Russia predicts GDP will shrink 7% this quarter and possibly even more in the final three months of the year. | (Russian Presidential Press Service via AP)

Live news updates: Ukrainian President Volodymyr Zelenskyy urged the international community to force the Russian army to leave the occupied Zaporizhzhia nuclear plant after multiple strikes hit the compound. "The entire world must react immediately to chase out the occupiers from Zaporizhzhia. Only the Russians' full withdrawal... would guarantee nuclear safety for all of Europe," Zelenskyy said in his daily video address.

Union Home Minister Amit Shah will inaugurate a one-day National Conference of Rural Cooperative Banks organized by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB) on Friday. Union Minister of State for Cooperation BL Verma will address the valedictory session of the conference. Secretary, Ministry of Cooperation Gyanesh Kumar, NAFSCOB Chairman Konduru Ravinder Rao and NAFSCOB Managing Director Bhima Subrahmanyam shall also be present.

The FBI agents were looking for documents relating to nuclear weapons, among others, in the unprecedented search they conducted of the premises of former US President Donald Trump earlier this week in Florida, according to a stunning news report. Neither the US Justice Department, which oversees the FBI, nor the investigating agency denied or confirmed the Thursday evening report by The Washington Post.

Within a short span of ten days, India Post has sold more than 1 crore national flags, through its 1.5 lakh post offices as well as online, to citizens, informed the Ministry of Communications on Thursday.
11:21 PM

China as a superpower; India has to prepare for "unsettling" changes: EAM

External Affairs Minister S Jaishankar on Friday said there could be "very unsettling changes" and India will have to prepare for it, when a regional power like China is on its way to become a superpower.

The Minister was interacting with students at PES University here.

Responding to a question on the repercussions of the current situation with respect to China and Taiwan, he said, "if you are talking about a larger Chinese presence offshore including in the Indian Ocean, I think it is something that India has to evaluate and assess including the implications that it has for our own security, because historically we have always thought of China as a country to the north of us....it is the situation we keep evaluating and monitoring."

11:18 PM

AAP protests alleged toll tax scam during BJP regime in MCD, asks LG to recommend CBI probe

The Aam Aadmi Party (AAP) on Friday held a protest near the Delhi Lieutenant Governor V K Saxena's office against an alleged toll tax scam worth Rs 6,000 crore and demanded a CBI probe into it.

The party's Delhi unit leaders and workers, including Rajinder Nagar MLA Durgesh Pathak, took part in the protest.

They demanded that the Delhi LG recommend a CBI probe into the alleged scam during the BJP regime in the city's municipal corporation.

10:05 PM

Lumpy skin disease: Punjab to procure 330,000 more doses of goat pox vaccine

The Punjab government on Friday said it will procure 3.3 lakh more doses of goat pox vaccine to prevent the spread of lumpy skin disease among cattle.

The decision was taken by the Group of Ministers (GoM) formed by Chief Minister Bhagwant Mann for the effective monitoring and prevention of the disease in the state.

9:18 PM

Noida twin towers: First consignment of explosives for demolition to arrive on Saturday

The first consignment of explosives to be used for the demolition of Supertech's illegal twin towers will arrive in Noida on Saturday amid high security, officials said.

Earlier, the Supreme Court fixed August 28 as the date for razing the nearly 100-metre tall structures and also relaxed the time frame till September 4 in case of delays arising from technical or weather conditions.

8:38 PM

We have made substantial progress in pulling back: EAM Jaishankar on India-China issue

The big problem is the border situation, our military has been holding on to the ground. We have made substantial progress in pulling back from places where we are very close, said EAM S Jaishankar on the India-China issue.
 
We have maintained our position that if China disturbs the peace and tranquillity in border areas, it will impact our relations, Jaishankar said, adding the relationship cannot be normal as the border situation is not normal
 
8:25 PM

Important for courts to remain sensitive when dealing with victims of sexual harassment: SC

The Supreme Court has said that it is important for all courts to remain sensitive to the trauma, societal shame, and unwarranted stigma attached to victims of sexual harassment while ensuring that the process of attempting to bring perpetrators to justice is not onerous for the aggrieved persons.

It said that especially in cases where the police fail to address the grievance of such sexual complainants, the Courts have an important responsibility and the trial court should complete cross-examination in one sitting, as far as possible.

The apex court said police should put the complainant at ease and try to create an atmosphere free from fear.

7:28 PM

SpiceJet launches taxi service for its passengers at 28 airports

SpiceJet on Friday said it has started taxi service for its passengers at 28 major airports, including Dubai.

Passengers booking SpiceJet flights will receive an SMS with details of the SpiceJet taxi service, the airline said in a statement noted.

7:24 PM

Noida Authority hikes land rates after a gap of 3 years

After a gap of three years, the Noida Authority has revised land rates across all categories, including residential and group housing, effecting a hike of up to 30 per cent, according to officials.

The decision was taken during the 205th board meeting of the New Okhla Industrial Development Authority (NOIDA) on Thursday. The meeting was chaired by Uttar Pradesh industrial development commissioner Arvind Kumar and attended by Noida Authority CEO Ritu Maheshwari, among others.

6:25 PM

Newly-designed Vande Bharat train made in ICF has innovative features: Railways Minister

The newly-designed Vande Bharat trains being produced at the Integral Coach Factory (ICF) in Chennai are world-class and contain several innovative features, Railways Minister Ashwini Vaishnaw said on Friday.

Speaking after inspecting the new prototype Vande Bharat express train rolled out at ICF and also witnessing the commissioning activities at the furnishing divisions of ICF, he said last year Prime Minister Narendra Modi set a target to his ministry to manufacture 75 trains on the 75th anniversary of India's independence.

5:01 PM

Invest in citizens, don't play 'Dostwadi' politics: Sisodia slams BJP over freebies issue

Union Finance Minister Nirmala Sitharaman tried to scare people by claiming that spending government money on public welfare will destroy India, Delhi Deputy Chief Minister Manish Sisodia alleged Friday and urged the Centre to invest in citizens.

At a press conference at the Delhi Secretariat, he claimed there are two models of governance. One is the 'Dostwadi' model and the other is investing in public welfare schemes, Sisodia claimed.

4:42 PM

Yamuna river flowing above the danger mark in Delhi

Yamuna river flowing above the danger mark in the capital as the river's level reached 205.38 meters at 4pm, today.
 
The danger mark of the Yamuna river is 205.33 meters
4:00 PM

Submit action-taken report of ongoing projects by Sept 30: Delhi LG to civic work agencies

Delhi Lieutenant Governor VK Saxena has asked agencies involved in civil works to submit an action-taken report of ongoing projects in the city by September 30, according to an official statement on Friday.

He also directed the agencies to thoroughly review the work procedures to improve quality, maintain financial probity and ensure their timely completion.

3:21 PM

How many people from Bihar did they make a minister at Centre: CM Nitish Kumar asks

3:06 PM

Highway construction slows to 20.43 km/day during Apr-Jul: MoRTH

The pace of national highway construction in the country has slowed to 20.43 km a day during the first four month of the current financial year, according to official data.

While the pace of national highway (NH) construction in the country had touched a record 37 km per day in 2020-21, it had slowed to 28.64 km a day in 2021-22, due to COVID-19 pandemic-related disruptions and a longer-than-usual monsoon in some parts of the country.

"The ministry has constructed 2,493 km of National Highways up to July in 2022-23, as compared to 2,927 km constructed up to July 2021-22," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for July 2022.

3:06 PM

Highway construction slows to 20.43 km/day during Apr-Jul: MoRTH

The pace of national highway construction in the country has slowed to 20.43 km a day during the first four month of the current financial year, according to official data.

While the pace of national highway (NH) construction in the country had touched a record 37 km per day in 2020-21, it had slowed to 28.64 km a day in 2021-22, due to COVID-19 pandemic-related disruptions and a longer-than-usual monsoon in some parts of the country.

"The ministry has constructed 2,493 km of National Highways up to July in 2022-23, as compared to 2,927 km constructed up to July 2021-22," the Ministry of Road Transport and Highways (MoRTH) said in its monthly summary for the Cabinet for July 2022.

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First Published: Aug 12 2022 | 8:51 AM IST