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BUSINESS NEWS CATEGORIES 

Reserve Bank’s US treasury holdings touch an all-time high at $164.3 bln

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The Reserve Bank, which has been snapping up greenbacks in the past two years, has also been lapping up US treasury bills and the holdings touched a record high in January. The holdings rose by more than USD 2 billion between December 2019 and January 2020. At USD 164.3 billion, the Reserve Bank’s US treasury holdings is at an all-time high, show the latest data from the US Treasury Department. The love for dollars and other US government assets began with the collapse of the gold standard or the Bretton…

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LEGAL NEWS NEWS CATEGORIES 

SC to hold 2 courts virtually on Wed, hear 15 matters through video-conferencing

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The Supreme Court will hold two virtual courts on Wednesday through video-conferencing on “Vidyo” app to hear certain urgent matters.The cause list for March 25, which has been uploaded on the apex court’s website, showed that two benches of Justices D Y Chandrachud and Surya Kant and Justices L Nageswara Rao and Aniruddha Bose will take up these matters.No court-rooms are specified in the list, which means judges will be hearing 15 matters listed in the cause list from their respective chambers or offices.The advocates, appearing in these matters, have…

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NEWS CATEGORIES WORLD NEWS 

Bangladesh to release Khaleda Zia amid coronavirus outbreak

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Bangladesh on Tuesday initiated a process to “conditionally” release jailed former prime minister Khaleda Zia for six months amid the coronavirus outbreak in the country, Law Minister Anisul Huq told PTI. The 74-year-old opposition Bangladesh Nationalist Party chief is serving a 17-year prison term in two graft cases since February 8, 2018. “The decision has been taken on humanitarian ground,” Huq said. He said the decision was taken in line with Prime Minister Shekh Hasina’s directives and considering the age of the former prime minister. “…Zia will be released for…

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NATIONAL NEWS NEWS CATEGORIES 

PM announces 21-day nationwide lockdown, says this is only way to fight coronavirus

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rime Minister Narendra Modi has announced a complete lockdown across the country for 21 days from Tuesday midnight, asserting that social distancing is the only way out for the country in its decisive battle against the coronavirus. In his second address to the nation on the pandemic raging across much of the world with the number of infections rising in India, Modi made a fervent appeal to the countrymen not to cross the ‘lakshman rekha’ of their homes in the next three weeks. Any negligence in these 21 days will…

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NEWS CATEGORIES SPORTS 

Will wait and watch for a month before any decision: IOA after Canada pulls out of Olympics

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The Indian Olympic Association on Monday said it will “wait and watch” for at least a month before taking any call on Tokyo Olympics participation after Canada created a flutter by becoming the first nation to pull out of the showpiece due to the COVID-19 pandemic. The north American nation’s withdrawal added to the International Olympic Committee’s woes after a host of top athletes and powerful sports bodies rammed up pressure on the IOC to postpone the quadrennial extravaganza in July-August. However, India is ready to wait for a while…

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ENTERTAINMENT NEWS CATEGORIES 

Bachchan’s tweet on ‘clapping vibrations destroy virus potency’ draws ire, actor later deletes it

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Megastar Amitabh Bachchan on Monday was heavily criticised for one of his tweets, which claimed vibrations from clapping, blowing conch shells as part of Sunday’s Janata Curfew would have reduced or destroyed coronavirus potency as it was ‘amavasya’, the darkest day of the month. Bachchan’s tweet comes in the wake of several similar fake news stories misinterpreting Prime Minister Narendra Modi’s appeal of clapping and clanging plates to express gratitude to those providing essential services during this global health crisis. The 77-year-old actor took to Twitter and, in a tweet…

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LEGAL NEWS NEWS CATEGORIES 

Coronavirus: SC asks states, UTs to consider releasing prisoners to decongest jails

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The Supreme Court Monday directed all states and Union Territories to constitute high-level committees to consider releasing on parole or interim bail prisoners and undertrials for offences entailing up to 7-year jail term to decongest prisons in the wake of coronavirus pandemic. The top court said overcrowding of prisons is a matter of serious concern, particularly in the present context of coronavirus (COVID 19). In regard to the provisions of Article 21 of the Constitution of India, it has become imperative to ensure that the spread of coronavirus within the…

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BUSINESS NEWS CATEGORIES 

In worst ever market crash, Sensex tumbles about 4,000 pts as India goes into lockdown

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The Indian stock market suffered worst-ever single-day crash on Monday, with the benchmark indices plunging as much as 13.15 per cent, as panicked investors remained in sell-off mode amid lockdowns in several states in the country due to mounting coronavirus cases. The BSE benchmark Sensex plummetted 3,935 points or 13. 15 per cent to close at 25,981.24; while the NSE barometer Nifty cracked 1,135.20 points or 12.98 per cent to settle at 7,610.25. On the currency front, the Indian rupee plunged below the 76-level (intra-day) for the first time. In…

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NEWS CATEGORIES WORLD NEWS 

Presidents in health crises: Trump more hands-on than many

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Woodrow Wilson was more focused on the end of World War I than a flu virus that was making its way around the globe, ultimately sickening hundreds of thousands of Americans, including the president himself. George W. Bush stood with a bullhorn on a pile of rubble after the 9/11 attacks on lower Manhattan and promised that the people who were responsible “will hear all of us soon.” Barack Obama was in office for just a few months when the first reports came in about the H1N1 virus, which would…

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NATIONAL NEWS NEWS CATEGORIES 

Number of COVID-19 cases rises to 415 in India: Health Ministry

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The total number of COVID-19 cases in the country surged to 415, a spike from the 360 figure the night before, the Health Ministry said on Monday. The figure includes 41 foreign nationals and seven deaths. Gujarat, Bihar and Maharashtra reported a death each on Sunday. Four fatalities were reported earlier from Karnataka, Delhi, Maharashtra and Punjab, the ministry said. The 415 figure also includes 24 people who have been cured, discharged or migrated, it said. The Indian Council of Medical Research (ICMR) said 18,383 samples have been tested till…

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