Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
LIVE BLOG

Economic Times | 01 Jul, 2020 | 12.05AM IST

Today's News: Free food grain to 80 crore people for 5 more months, new flu virus found in China & more

PM Modi in his address said that PM Garib Kalyan Yojana will be extended till Nov end. In other news, Chinese researchers have issued an early warning over another potential pandemic caused by an influenza virus in pigs.

!1 New UpdateClick here for latest updates
12:04 AM

Wrap Up: All you need to know


  • PMGKY will be extended till Nov 30, 800 mn people will continue to get free food ration
  • India's federal fiscal deficit touches 58.6% of annual target in two months
  • Eight core sectors' output contracts 23.4% in May y/y
  • Services will remain closed for commuters until further notice: Delhi Metro
  • Fitch cuts India growth projection to 8% for FY22
  • Current account deficit narrows to 0.9% of GDP in 2019-20, down from 2.1% y/y
  • Govt's total liabilities rise to Rs 94.62 lakh cr in Jan-Mar FY20
  • ONGC reports first ever quarterly loss on impairment loss
  • China says India's ban on Chinese apps may violate WTO rules
  • Housing prices index up 3.9% in Q4 of 2019-20 on an annual basis: RBI
  • Global employment crisis deepening, equivalent of 400 mn jobs lost: UN
  • New flu virus with 'pandemic potential' found in China
  • US could see 100,000 new coronavirus cases a day: Fauci
  • World Bank enhances support for rejuvenating Ganga, sanctions USD 400 mn
  • Railways to expand to 350 local trains in Mumbai from tomorrow
  • US FCC designates Huawei & ZTE as companies posing national security
11:54 PM

All govt offices/Boards & Corporations shall remain closed on all Saturdays till 2nd week of August: K'taka govt

11:53 PM

China must reconsider Hong Kong security law, 27 countries tell the United Nations: AFP news agency

11:52 PM

Today 903 new cases and 36 deaths have been reported in Mumbai

  • Tally- 77,197
  • Toll - 4554
11:03 PM

New India Assurance posts Q4 net profit at Rs 127 cr

11:00 PM

Federal Communications Commission designates Huawei & ZTE as companies posing national security

10:41 PM

Delhi Government appoints 11 advocates as Special Public Prosecutors

10:19 PM

New appointments in MEA

10:18 PM

Railways to expand to 350 local trains in Mumbai from tomorrow

10:17 PM

Delhi reports 2199 new cases and 62 deaths today

  • Tally - 87,360
  • Toll - 2,742
10:15 PM

World Bank enhances support for rejuvenating Ganga, sanctions USD 400 mn

  • The World Bank on Monday said it has enhanced its support for Government of India's program to rejuvenate Ganga river with a USD 400 million (about Rs 3,000 crore) assistance that will help stem pollution in the river.
  • The assistance will help strengthen the management of the river basin which is home to more than 500 million people, the World Bank said in a statement.
10:14 PM

US could see 100,000 new coronavirus cases a day: Fauci

10:13 PM

India condemns missile, UAV attacks targeting Saudi Arabia's Riyadh

  • India on Tuesday condemned the missile and UAV attacks reportedly by Yemeni rebels last week targeting civilian areas in Riyadh and hoped for an early resolution of the conflict.
  • Saudi Arabia last week had said that it intercepted ballistic missiles and bomb-laden drones launched by Yemen's Houthi rebels.
09:39 PM

945 new cases and 7 deaths reported in Telangana today

  • Tally - 16,339
  • Toll - 260
09:38 PM

Indian archers Deepika Kumari and Atanu Das tied the knot in Ranchi today

09:36 PM

Lightning strikes in 5 districts of Bihar

11 people have died due to lightning strikes in 5 districts of Bihar today. Chief Minister has announced Rs 4 lakhs each for the families of the deceased: Chief Minister's Office, Bihar
09:35 PM

India needs to increase fiscal stimulus to revive economy

- Proneb Sen

09:34 PM

Air Canada to suspend flights on 30 domestic routes due to pandemic hit

  • Air Canada said on Tuesday it would suspend flights on 30 domestic routes hit by persistent weak travel demand due to the COVID-19 pandemic.
  • The carrier forecast third-quarter capacity would decline at least 75% from a year ago and warned that travel restrictions and border closures were dimming prospects for a near-to-mid- term recovery.
09:33 PM

Direct investment rises in FY20, portfolio investment declines: RBI

  • Direct investment into the country rose by USD 19 billion while portfolio investment declined by USD 13.7 billion during 2019-20, according to the data on the International Investment Position (IIP) released by the Reserve Bank on Tuesday.
  • International financial assets of Indian residents increased by USD 73.9 billion due to the rise in reserve assets and overseas direct investment by USD 64.9 billion and USD 13.0 billion, respectively, though other investments declined marginally during the year, the RBI said in a release.
  • "Overall, net claims of non-residents on India declined by USD 57.6 billion during the year," it said.
09:32 PM

New HK law says China to set up national security agency in territory

09:26 PM

Southern Railway to install high quality thermal scanners to screen passengers

  • While the thermal scanners will screen passengers for fever, one of the symptoms of COVID-19, the contact less cameras would help the officials check the tickets on a monitor as the travellers enter the stations
  • At least 11 stations -- nine in Kerala and one each in Karnataka and Tamil Nadu under the Palakkad and Trivandrum divisions -- have been chosen for the initial roll out of the to scanners to detect people running fever
09:13 PM

India's COVID-19 tally rises to 5.66 lakh; 66 pc cases in June alone

09:12 PM

Rajasthan records 8 more COVID-19 deaths, 354 new cases

09:08 PM

New flu virus with 'pandemic potential' found in China

  • Chinese researchers have issued an early warning over another potential pandemic caused by an influenza virus in pigs
  • The researchers are concerned that it could mutate further so that it can spread easily from person to person, and trigger a global outbreak, the BBC reported.
  • While it is not an immediate problem, they say, it has "all the hallmarks" of being highly adapted to infect humans and needs close monitoring. As it is new, people could have little or no immunity to the virus.
08:59 PM

Rajasthan reports 354 new cases and 8 deaths

  • Tally - 18,014
  • Toll - 413
08:57 PM

Risk of recession remains real, needs to keep a close watch on-demand

- Sanjiv Mehta, HUL Chairman

08:55 PM

Godfrey Phillips India Q4 net profit falls 20% to Rs 38.43 cr

08:55 PM

Pak Army appoints first female lieutenant general

  • Pakistan Army has appointed a woman officer as lieutenant general for the first time, the military's media wing said on Tuesday.
  • Major General Nigar Johar, who got the coveted post of a three-star general, has also been appointed as the first female surgeon general of the Pakistan Army.
08:54 PM

Firms in India downplay Chinese links amid wave of anti-China sentiment

  • Indian startups with Chinese funding and Chinese smartphone makers are actively touting their Indian-ness to users as they seek to address a growing wave of nationalism following a deadly border clash between the two countries earlier this month.
  • A skirmish between India and China at a disputed Himalayan border site left 20 Indian soldiers dead, adding to anti-China sentiments brewing since the coronavirus pandemic began.
  • Traders have since made calls to boycott Chinese goods, New Delhi has delayed Chinese imports at ports and on Monday, in its strongest move yet, India banned nearly five dozen Chinese apps including TikTok. The technology ministry said the apps were a threat to India's sovereignty and security.
08:46 PM

Global employment crisis deepening, equivalent of 400 mn jobs lost: UN

  • The coronavirus crisis has taken a much heavier toll on jobs than previously feared, the UN said Tuesday, warning that the situation in the Americas was particularly dire.
  • In a fresh study, the International Labour Organization (ILO) estimated that by the mid-year point, global working hours were down 14 percent compared to last December -- equivalent to some 400 million full-time jobs.
  • That is more than double the number forecast by the UN organisation back in April, when it expected 6.7 percent of working hours to be lost by the end of the second three-month period of the year.
08:44 PM

Only 60% people of my state get ration that is being provided by the Centre: Mamata Banerjee

Only 60% people of my state get ration that is being provided by the Centre: Mamata Banerjee
08:42 PM

Maharashtra reports 245 deaths and 4878 new cases today, tally reaches 1,74,761

08:33 PM

Housing prices index up 3.9% in Q4 of 2019-20 on an annual basis: RBI

  • All-India housing prices index rose by 3.9 per cent during the fourth quarter of 2019-20 compared to the year ago period, but contracted 0.2 per cent compared to the previous quarter, the RBI said on Tuesday.
  • The Reserve Bank of India (RBI) released its quarterly house price index (HPI) for the fourth quarter of 2019-20. The HPI is calculated on base year 2010-11.
08:25 PM

620 new cases and 20 deaths reported in Gujarat

  • Tally - 32,446
  • Toll - 1,848
08:24 PM

West Bengal reports 652 new cases and 15 deaths today

  • Tally - 18,559
  • Toll - 668
08:03 PM

Lockdown measures in containment zones stand extended up to July 31: WB

07:49 PM

Madhya Pradesh begins state-wide screening drive tomorrow

07:36 PM

China says India's ban on Chinese apps may violate WTO rules

  • China said on Tuesday that India's move to ban 59 Chinese-origin mobile apps could be a breach of World Trade Organisation (WTO) rules, and urged New Delhi to create an open and fair business environment.
  • "India's measure selectively and discriminatorily aims at certain Chinese apps on ambiguous and far-fetched grounds, runs against fair and transparent procedure requirements, abuses national security exceptions and (is suspected of) violating WTO rules," Ji Rong, spokesman at the Chinese embassy in New Delhi, said in a statement.
  • India banned the apps on Monday, its strongest move against China in the online space since fighting erupted on the two countries' border this month.
07:34 PM

Tomorrow 10 AM onwards, across all my social media platforms, watch my conversation with Indian Nurses from around the world, who are on the frontline of the battle against covid-19

- Rahul Gandhi

07:29 PM

ONGC reports first ever quarterly loss on impairment loss

  • State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported its first-ever quarterly loss after it took an impairment on slumping prices and hoped the government will free gas prices to end the era of unremunerative rates.
  • India's top oil and gas producer reported a Rs 3,098 crore loss in the January-March quarter as compared to a profit of Rs 4,240 crore in the same period a year back.
07:29 PM

Banks sanction over Rs 1 lakh cr loans to 30 lakh MSMEs under credit guarantee scheme

07:28 PM

Pakistan International Airlines says EU agency suspends its European authorisation

  • The European Union Air Safety Agency (EASA) has suspended the authorisation for Pakistan's national airline to operate in Europe for six months, the airline's spokesman said on Tuesday.
  • The move follows the grounding of 262 Pakistani pilots whose licences the country's aviation minister termed "dubious".
07:27 PM

Facebook agrees to audit its hate speech controls

  • Facebook Inc said on Monday it would submit itself to an audit of how it controls hate speech in a bid to appease a growing advertising boycott of the platform, as it prepared to address a group of advertisers on Tuesday.
  • The move comes as major advertisers such as Unilever and Starbucks have signed on to the "Stop Hate for Profit" campaign started by U.S. civil rights groups, which urges brands to pause their Facebook ads in July to pressure the social media giant to do more to take down hate speech.
07:26 PM

Karnataka reports 947 new cases and 20 deaths

  • Tally - 15,242
  • Toll - 246
07:11 PM

6 new cases reported from Dharavi area of Mumbai today, taking the total number of cases to 2268

07:06 PM

Water bill waiver scheme of Delhi Jal Board extended by three months till 30th Sept 2020

06:56 PM

Govt's total liabilities rise to Rs 94.62 lakh cr in Jan-Mar FY20

  • The government's total liabilities increased 0.8 per cent to Rs 94.62 lakh crore at March-end 2020 as compared to the preceding quarter, a finance ministry report said on Tuesday.
  • Public debt accounted for 90.9 per cent of total outstanding liabilities as on March 31, 2020, said the quarterly report on Public Debt Management.
06:52 PM

Delhi High Court today directed North Delhi Municipal Corporation (NDMC) to release the pending salaries of teachers for the month of March forthwith after Delhi Government released around Rs 49 crores in favour of NDMC

06:45 PM

Rs 50 cr investment, over 2,100 jobs expected in fresh Yamuna Expressway land allotments

  • Five garment manufacturing units and three private firms were allotted land along the Yamuna Expressway in Gautam Buddh Nagar on Tuesday, in a move likely to fetch investments worth Rs 50 crore and create 2,000 jobs in the region, officials said.
  • The allotted land pieces are in Sector 29 and 22 E managed by the Yamuna Expressway Industrial Development Authority (YEIDA) and close to the upcoming international Greenfield airport in Jewar.
  • As much as 9,500 sq metre (2.34 acre) land has been allotted to five readymade garment units in Sector 29 as part of the Apparel Park project, the officials said.
06:42 PM

AP reports 704 COVID-19 cases, tally rises to 14,595

06:36 PM

Air France eyeing 6,500 job cuts by 2022 : sources

Air France-KLM aims to present a plan to trade unions to cut just over 6,500 jobs by the end of 2022, with about half of those coming from natural departures, such as retirees who will not be replaced, two sources familiar with the matter said on Tuesday.
06:31 PM

Tripura not thinking of extending lockdown: State education minister

06:30 PM

Current account deficit narrows to 0.9 pc of GDP in 2019-20, down from 2.1 pc of GDP in previous fiscal, as trade deficit reduces: RBI

06:29 PM

Number of cases rises to 948 in Himachal Pradesh, death toll at 8

06:26 PM

131 persons have tested positive in Kerala today. Number of active cases stand at 2112, total 2,304 have recovered till now: Kerala Health Department

06:25 PM

Ji Rong, Spokesperson of the Chinese Embassy in India, on India banning Chinese apps

06:24 PM

Tamil Nadu reports 3,943 new cases and 60 deaths

  • Tally - 90,167
  • Toll - 1,201
06:22 PM

Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal

  • Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by 5 per cent in the current fiscal.
  • Indian economic growth stood at an estimated 4.2 per cent in 2019-20.
  • In its June update of Global Economic Outlook, Fitch projected Indian economy to grow 5.5 per cent in 2022-23.
06:20 PM

India's June monsoon rains 18% above average : weather office

  • India received 18% more rainfall than average in June as the monsoon covered the entire country nearly two weeks earlier than usual, the state-run weather office said on Tuesday.
  • Monsoons deliver about 70% of India's annual rainfall and are the lifeblood of its $2.9 trillion economy, spurring farm output and boosting rural spending on items ranging from gold to cars, motorcycles and refrigerators
06:20 PM

India records current account surplus of 0.1 per cent of GDP in Jan-Mar against deficit of 0.7 per cent of GDP in the year-ago period: RBI

Have something to say? Post your comment

Comments are moderated and will be allowed if they are about the topic and not abusive.

Characters remaining (1500)

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

^Go to Top