Rupee LIVE Updates: Rupee rises 5 paise to 78.05 against US dollar – The Economic Times

Justice Ranjana Prakash Desai nominated as Chairperson, Press Council of India

Income Tax Department conducts searches in J-K, Delhi

Income Tax Department carried out search and seizure operations at various locations in New Delhi and Jammu and Kashmir, according to an official statement on Friday. According to the Finance Ministry statement, the search operations were conducted on June 15. “Income Tax Department carried out search and seizure operations on June 15, 2022, on a leading manufacturer and seller of Jamawar Shawls, Pashmina and Kashmiri Shawls. The search operation covered more than 15 premises spread across Srinagar, Anantnag and Delhi,” said the statement.

Pakistan to stay on terror financing watchdog’s ‘gray list’

An international watchdog said Friday it will keep Pakistan on a so-called “gray list” of countries that do not take full measures to combat money-laundering and terror financing but raised hopes that its removal would follow an upcoming visit to the country to determine its progress.

CBI chargesheets 8 including firms in Rs 191,18,90,089 chit fund scam

The Central Bureau of Investigation (CBI) on Friday said that it has filed a supplementary chargesheet against eight including four persons and four private firms in connection with a chit fund fraud case of Rs 191,18,90,089 cr. The chargesheet was filed before the Special CBI court in Tripura against Gautam Kundu, Shibamoy Dutta, Director, Ashok Kumar Saha, Director, Ram Lal Goswami, Rose Valley Hotel & Entertainment Ltd, Rose Valley Real Estate & Construction Ltd., Kolkata, Rose Valley Industries, Kolkata, and Real Estate & Landbank India Ltd.

Telangana records 279 new COVID-19 cases

Telangana on Friday reported 279 fresh COVID-19 cases taking the statewide tally to 7,95,572. Hyderabad saw the highest number of cases with 172. A health department bulletin said 119 people recuperated from the infectious disease and the cumulative number of recoveries till date was 7,89,680. The recovery rate stood at 99.26 per cent.

Madhya Pradesh logs 71 new COVID-19 cases; active tally rises to 421

At least 71 new cases of coronavirus were detected in Madhya Pradesh, taking the tally of infections in the state to 10,43,409 on Friday, an official from the state health department said. The toll remained steady at 10,739, while the count of recoveries rose to 10,32,249 after 50 patients recovered from the infection during the day, he said. With this, the central state currently has 421 active cases and the positivity rate stood at 1 per cent, the official said.

Nashik sees 28 COVID-19 cases, tally rises to 4,76,334

The COVID-19 tally in Nashik increased by 28 to reach 4,76,334 on Friday, while the death toll stood unchanged at 8,899, an official said. So far, 4,67,317 persons have been discharged post recovery, including 22 during the day, leaving the district with 118 active cases, he added.

Business briefs Union Bank of India hikes interest rates on deposits

State-owned Union Bank of India on Friday said it has increased interest rates on term deposits across all maturity buckets. The new rates are applicable across various tenures for domestic term deposits, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) term deposits. Interest rates on domestic/NRO term deposits (below Rs 2 crore) of 46-90 days tenure have been increased by 55 basis points (bps) to 4.05 per cent from 3.50 per cent, the bank said in a release.

Rupee rises 5 paise to 78.05 against US dollar

The rupee advanced 5 paise to settle at 78.05 against the US dollar on Friday amid a muted trend in domestic equities and unabated foreign capital outflows. A strong dollar overseas and higher crude prices also capped the gains, forex dealers said. At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.10. It finally ended at 78.05, registering a gain of 5 paise over its previous close of 78.10.

Goa govt appoints administrators for 175 village panchayats

The Goa government on Friday appointed administrators for all 175 village panchayats, as their tenure culminates on June 19. Speaking to reporters here, state Panchayat Minister Mauvin Godinho said the state has not held elections for 175 panchayat bodies, which is why administrators are appointed for them. The five-year tenure of these bodies is getting over on June 19, he said.

Mumbai records 2,255 COVID-19 cases, two deaths

Mumbai on Friday reported 2,255 new coronavirus infections, a dip from the daily cases reported in the last two days, and two pandemic-related deaths, a civic official said. The financial capital of India has now 13,304 active cases, while its overall caseload rose to 10,90,503. Two new deaths took the death toll in the city to 19,580, the Brihanmumbai Municipal Corporation official said.

UK: 50 new monkeypox cases in biggest epidemic beyond Africa

British health officials reported another 50 cases of monkeypox across the country on Friday, for a total of 574 cases. That makes the U.K.’s outbreak the biggest to date beyond Africa. In a statement, Britain’s Health Security Agency said most of the cases have been identified in gay or bisexual men, but warned that anyone who is in close, physical contact with someone who has monkeypox is at risk of catching the usually rare disease. “If you have a rash with blisters, or any other monkeypox symptoms, don’t go to events, meet with friends or have sexual contact,” cautioned Dr. William Welfare of Britain’s Health Security Agency. He said people who might have been exposed to the disease should stay at home and call health services for advice.

Internet services will remain temporarily suspended in Kaimer, Bhojpur, Aurangabad, Rohtas, Buxer, Nawada, West Champaran, Samastipur, Lakhisarai, Begusarai, Vaishali and Saran districts from today till 19th June: Bihar govt

Non-life insurers’ premium rises 24 pc to Rs 15,404 crore in May

Non-life insurance companies registered a year-on-year rise of 24 per cent in their collective gross direct premium in May this year at Rs 15,404.45 crore, data from regulator Irdai showed on Friday. Non-life insurance players had registered a gross direct premium worth Rs 12,423.98 crore in May 2021. Break-up wise, 25 general insurers among the 31 non-life players witnessed an increase of 24 per cent in the gross direct premium in May 2022 at Rs 13,566.18 crore, as against Rs 10,954.18 crore in the same month a year ago, the Insurance Regulatory and Development Authority of India (Irdai) data showed.

US authorises first COVID-19 shots for children under 5; CDC review is next, reports AP.

Alabama church shooting kills 2, wounds 1; suspect detained

A gunman opened fire at a potluck dinner inside a suburban Alabama church, killing two members and wounding a third before being taken into custody on Thursday, authorities said. Emergency dispatchers got a call at around 6.20 pm reporting an active shooter at Saint Stephen’s Episcopal Church in the Birmingham suburb of Vestavia Hills, said Police Capt. Shane Ware. A suspect was detained and the wounded victim was being treated at a hospital, Ware said at a press conference late on Thursday.

India’s foreign exchange reserves fall by $4.6 billion

India’s foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion, Reserve Bank of India (RBI) data showed on Friday. The previous week that ended on June 3, 2022, the total foreign exchange reserves were at $601.05 billion. The latest decline in the reserves was on account of a sizable fall in Foreign Currency Assets (FCA), which is a major component of the overall reserves.

China defends ‘zero-COVID’ after US envoy warns of costs

China on Friday defended its tough “zero-COVID” policy after the U.S. ambassador said it was causing serious damage to the global economy and foreign business sentiment. Foreign Ministry spokesperson Wang Wenbin said the Chinese economy is recovering from the effects of the pandemic and “facts prove” the policy mandating lockdowns, quarantines and mass testing is “suitable for China’s national conditions and has stood the test of history.”

Earthquake of 5.2 magnitude hits J&K

An earthquake of magnitude 5.2 on the richter scale hit Jammu and Kashmir on Friday, officials said. The tremor was recorded at 2:52 pm, the officials said. The epicentre of the quake was at latitude of 36.46 degrees North and longitude of 71.09 degrees East in Afghanistan, the officials said. It hit a depth of 260 km.

Net direct tax collection grows 45 per cent to over Rs 3.39 lakh crore till mid-June: CBDT.

Advance Tax collection for current fiscal rises 33 pc to over Rs 1.01 lakh crore: CBDT.

Ukraine will introduce visas for Russians from July 1: President Zelensky

Ukrainian President Volodymyr Zelensky announced on Friday that Kyiv intends to introduce visas for Russians from July 1, four months into Moscow’s invasion of his country. “Ukraine is introducing a visa regime for citizens of the Russian Federation,” Zelensky said on his Telegram account. He said the requirement would take effect on “July 1, 2022”, according to a government decision that he expected “today.”

Mumbai’s COVID-19 test positivity rate crosses 15 pc twice this week

The COVID-19 test positivity rate (TPR) in Mumbai jumped over 15 per cent twice in the current week, civic officials said on Friday, as the metropolis battles a fresh surge in cases after the third wave of the pandemic waned earlier this year. They said TPR jumped to 15.58 per cent on June 14, when 1,724 people tested positive for coronavirus out of 11,065 tests conducted that day and then again on June 16 the rate shot up to 15.11 per cent when 2,366 new patients were detected on the back of 15,656 tests in a span of 24 hours.

HDFC Bank hikes FD interest rates for the second time this week.

Sensex extends losses to 6th session, closes 135 points down

The Indian stock markets’ key indices, Sensex and Nifty, closed in the red for the sixth straight session on Friday dragged by heavy selling pressure in IT stocks and over 6 per cent slump in Titan. The 30 stock S&P BSE Sensex closed 135.37 points or 0.26 per cent down at 51,360.42 points against its previous day’s close at 51,495.79 points. The markets witnessed volatility during the day. The Sensex started the day with a deep cut at 51,181.99 points and slumped to a low of 50,921.22 points in the early morning trade. The markets witnessed volatility in the morning session. The Sensex jumped into positive and touched a high of 51,634.15 points in the morning trade. However, it came under selling pressure again.

India, Indonesia renew deal on visa waiver on diplomatic passports

India and Indonesia renewed the agreement on visa waiver on diplomatic and official passports, said the External Affairs Minister S Jaishankar on Friday. This deal was renewed during the 7th India-Indonesia Joint Commission Meeting held in New Delhi. Taking to social media the EAM S Jaishankar tweeted, “Just concluded a productive 7th India-Indonesia Joint Commission Meeting with FM Retno Marsudi. Renewed our agreement on visa waiver on diplomatic and official passports and witnessed exchange of agreements that will further strengthen our counter-narcotics and trade cooperation.”

EAM S Jaishankar met with his Malaysian counterpart Saifuddin Abdullah as the two discussed “enhancing strategic partnership.” at their meeting earlier today

Punjab CM Bhagwant Mann on increase in incidents of Khalistan posters appearing in the state

We are also nabbing those involved in it…it’s all politics because some are still wondering how a teacher’s son became the CM and ran the state government effectively.

Sony, Honda sign JV to sell electric cars by 2025

Raja Rao, Superintendent, Gandhi Hospital, on protest over the Agnnipath scheme

1 dead among 13 people who were brought to the hospital. Among the injured, 1 person in critical condition, he received a chest injury. We are examining the remaining in Hyderabad.

Former Union minister and RJD leader Sharad Yadav on Agnipath Scheme

Agnipath scheme not a reform but an “attempt to damage” existing system of recruitment in armed forces, Centre must “revisit” the initiative.

Dera Sacha Sauda chief Gurmeet Ram Rahim Singh granted one-month parole

Youth Congress claims main gate of its office in New Delhi barricaded by police without assigning any reasons, turning premises into “police cantonment; Agnipath Scheme

Bihar Deputy CM Renu Devi

Once 4 yrs are over, ‘Agniveers’ will be having a 12 lakh economic package to start afresh. Priority will be given to them for loans, educational courses, CAPF…Opposition is misleading students & their goons are destroying public property.

The European Commission recommended that Ukraine should be granted EU candidate status, a first step on the long road toward membership for the war-torn country

Covaxin safe for children aged 2-18 years, says Bharat Biotech

Prime Minister Narendra Modi

PM Modi will dedicate to the nation the main tunnel and five underpasses of Pragati Maidan Integrated Transit Corridor Project on 19th June at 10:30 am, under Pragati Maidan Redevelopment Project. He will also address the gathering on the occasion.

Indian Air Force chief Air Chief Marshal VR Chaudhari at the Halwara air base in Punjab

He is visiting 6 forward air bases to explain the details of the scheme to the air warriors. He is presently addressing his troops in Ambala.

SC Judge Justice MR Shah undergoes angioplasty, stable now

IAF chief to visit six forward bases today, address troops explaining details of Agnipath scheme

Haryana minister Anil Vij on ‘Agnipath’ protests

Holding protest demonstrations is a right in a democracy but resorting to arson and violence will not be tolerated. Those found involved in violence will not be spared.

ADG (Law & Order) Prashant Kumar about Agnipath Scheme

India likely to impose ceiling on next season’s sugar exports

Hyderabad Metro Rail and MMTS train services were suspended in Hyderabad following anti-AgnipathScheme violence at #Secunderabadrailwaystation.

China’s national observatory renewed a yellow alert for high temperatures, as heatwaves hit parts of the country

UK government approves US request to extradite WikiLeaks founder Julian Assange

Bharatiya Janata Party

They have launched a membership drive to reach out to people who want to join the party for which they will have to scan the party’s QR code stickers near their houses.

Nine trains cancelled and nine trains short terminated due to ongoing student agitation at various stations in the railway zone

Train coaches torched by protesters at Islampur railway station in Nalanda today; Aginpath scheme

Jharkhand High Court defers for June 23 the hearing on PILs pertaining to alleged shell companies related to CM Hemant Soren and owning of mining lease

India’s Reliance considers buying out Revlon in U.S. – ET Now

Sanjay Singh, ADG, Law & Order spoke in relation to Agnipath Scheme

Some anti-social elements have also entered the protests leading to violence. I appeal to all not to take the law into their hands. 24 FIRs registered, and over 125 people detained till now

Bombay High Court dismisses the pleas of Maharashtra Minister Nawab Mallik and former Home Minister Anil Deshmukh

Their permission to cast their votes on June 20th for the MLC polls. Both of them will not be allowed to cast their votes.

BJP announces Gajendra Shekhawat as party’s election management committee convenor

Union Railways Minister Ashwini Vaishnaw on AgnipathProtests

I appeal to the youth to not indulge in violent protests and not damage the property of the Railways.

The CBI raided the residence of a Kolkata-based businessman in connection with the fertilizer scam allegedly involving AgrasenGehlot, brother of Rajasthan Chief Minister AshokGehlot.

Coal India looking at Green Mining options

Strong winds, rain and thunderstorm is possible over north Delhi, Gaziabad and parts of Noida

Strong winds, rain and thunderstorm is possible over north Delhi, Gaziabad and parts of Noida: Delhi Rains

Rajiv Gandhi assassination case: Madras HC refuses to order release of Nalini, Ravichandran

Opposition parties to hold meetings on Presidential polls on 21st June

Opposition parties’ meetings for discussion on Presidential polls, headed by NCP chief Sharad Pawar, to be held on 21st June at Parliament Annexe at 2.30 pm. The meeting will be attended by leaders from 17 parties: Sources