BUSINESS NEWS CATEGORIES 

RBI issues revised norms for hiring of bank lockers

 The Reserve Bank on Wednesday came out with revised guidelines for the hiring of lockers under which the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees. As per the revised guidelines, which shall come into effect from January 1, 2022, banks will be required to incorporate a clause in the locker agreement prohibiting the hirer from keeping anything illegal or hazardous in lockers. The RBI said it has reviewed the ‘Deposit Locker/Safe Custody Article…

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NEWS CATEGORIES WORLD NEWS 

Jaishankar discusses Afghan situation in bilateral meetings with UNSG, counterparts

External Affairs Minister S Jaishankar discussed the situation in Afghanistan after the Taliban seized power in Kabul in his bilateral meetings here, including with UN Secretary General Antonio Guterres. Jaishankar arrived in New York Monday as the UN Security Council held an emergency meeting on the situation in Afghanistan, the second time in just over the 10 days that the powerful UN body met under India’s Presidency for the month of August to discuss the unravelling situation in the war-torn country. Following his meeting with Guterres in the UN headquarters…

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Delhi court clears Shashi Tharoor in death of wife Sunanda Pushkar

More than seven years after businesswoman Sunanda Pushkar was found dead in a luxury hotel here, a Delhi court on Wednesday cleared her husband and Congress leader Shashi Tharoor of all charges in the case. Tharoor, who was present when Special Judge Geetanjali Goel pronounced the order in a virtual hearing, thanked the judge and said it had been absolute torture for last seven-and-a-half years . The detailed order in the high-profile case — which had grabbed national headlines and led to furious debate across various circles, political and others…

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NATIONAL NEWS NEWS CATEGORIES 

US President Biden says he stands ‘squarely’ behind his decision to withdraw troops from Afghanistan

US President Joe Biden has conceded that the Taliban takeover of Afghanistan happened “more quickly” than anticipated, but insisted that he remains “squarely behind” his decision to withdraw American troops from the war-torn country, amidst “gut-wrenching” images emerging out of Kabul. In his address to the nation from the White House on Monday following the dramatic fall of the Afghan national government to the Taliban, a defiant Biden rejected blame for messy pull out amid chaotic scenes of Afghans clinging to US military planes in Kabul in a desperate bid…

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Root admits to committing tactical blunders, says underestimated Indian lower-order

 English captain Joe Root admitted to committing tactical blunders and said he underestimated the Indian lower-order after Mohammed Shami and Jasprit Bumrah’s batting heroics fashioned an epic win at Lord’s in the second Test. England were in a dominant position before they lost control during an unanticipated unbroken ninth-wicket stand of 89 between Shami (56 not out) and Bumrah (34 not out) on the final morning at Lord’s. England were then bowled out for 120 inside two sessions to lose by 151 runs. Bumrah contributed three wickets and Shami one…

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Documents sought by CBI not relevant to probe against Anil Deshmukh: Maha govt tells HC

The Maharashtra government on Tuesday told the Bombay High Court that it was willing to cooperate with the CBI in its probe against former state home minister Anil Deshmukh but the documents sought by the central agency are “not relevant” to the case. The state government submitted its affidavit in response to an application filed by the Central Bureau of Investigation (CBI) alleging the government was not cooperating by refusing to hand over certain documents in connection with a probe against Deshmukh. The CBI had last month filed an application…

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Covid-19 vaccine: India looking at USD 11 bn market opportunity

 India’s pharmaceutical sector is looking at an opportunity to the tune of USD 10 to 11 billion in the form of COVID-19 vaccine supply, in both domestic and export markets in the next three years, rating agency Care Ratings has said in a report. However, the Indian vaccine makers are unlikely to get the premium pricing being enjoyed by US-based multinational companies which is anywhere between USD 15 and 25 per dose, their average realization could remain anywhere between USD 3.25 and USD 3.50 per dose, it said. On an…

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US Opens Probe Into Tesla Autopilot After 11 Crashes: Officials

The incidents dating back to 2018 included one fatal crash and seven that resulted in injuries, according to the National Highway Traffic Safety Administration. US safety officials opened a preliminary investigation into Tesla’s Autopilot after identifying 11 crashes involving the driver assistance system, officials said Monday. The incidents dating back to 2018 included one fatal crash and seven that resulted in injuries, according to the National Highway Traffic Safety Administration. Tesla founder Elon Musk has defended the Autopilot system and the electric automaker warns that it requires “active driver supervision”…

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LEGAL NEWS NEWS CATEGORIES 

Hearing Pegasus Pleas, Supreme Court Says Centre Affidavit Not Satisfying

Solicitor General Tushar Mehta said the issue involved aspects of national security and was not simple enough to be addressed through affidavits. The Supreme Court today said that an affidavit filed by the Centre on the issue relating to alleged snooping by the government has not satisfied allegations whether or not Pegasus spyware was used and asked whether it will file an additional affidavit. A bench headed by Chief Justice of India N V Ramana posted for tomorrow the hearing on a batch of pleas seeking a court-monitored probe into…

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Grand Atal Bihari Vajpayee Memorial To Come Up In Gwalior: Shivraj Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on Monday that a grand memorial will be constructed for former prime minister Atal Bihari Vajpayee in his birthplace Gwalior. A grand memorial will be constructed for former prime minister and statesman Atal Bihari Vajpayee in his birthplace Gwalior, Madhya Pradesh Chief Minister Shivraj Singh Chouhan said on Monday after paying tribute to the former on his third death anniversary. Mr Chouhan made the announcement after offering floral tribute to Atal Bihari Vajpayee statue at Shaurya Smarak.He said that Atal Bihari Vajpayee was…

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