Category: Breaking News

India’s CDS (Chief Defense of Staff) General Bipin Rawat has explicitly stated that a military option to deal with transgressions by the Chinese People’s Liberation Army in Ladakh is on the table, but will be exercised only if talks between the two armies and the diplomatic option are unfruitful. “Transgressions along the LAC occur due to differing perceptions about its alignment. Defence services are tasked to monitor and carry out surveillance and prevent such transgressions turning into intrusions. Whole of government approach is adopted to peacefully resolve any such activity…

Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package, to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.   The details of total loans sanctioned and disbursed by Public & Private…

Hercules Pharmaceuticals, a Dutch biopharmaceutical company focusing on developing small molecule inhibitors of the Aryl Hydrocarbon Receptor (AhR) for treatment of cancer and viral infections, today announced the publication of promising preclinical in-vivo trial results, showing efficacy of its Aryl Hydrocarbon Receptor (AhR) inhibitor HP163 against Zika virus infection and potentially against Corona-virus infection. On top of this, the company secured new funding to test the efficacy of the compound against Covid-19 and to generate back-up AhR inhibitors.   A recent publication in Nature Neuroscience reported that Hercules’ AhR inhibitor HP163 reduces…

RCom owes DoT ₹25,199 crore, including spectrum usage charges (SUC) and licence fees, as per government estimates. This is nearly half of ₹49,054 crore in dues calculated under the company’s insolvency proceedings. Jio cleared its relatively minuscule AGR dues of ₹195.18 crore in January, complying with the court’s October 2019 order.   The Supreme Court on Monday said that the government must state its position on whether adjusted gross revenue-related dues of bankrupt Reliance Communications Ltd (RCom) should be recovered from Reliance Jio Infocomm Ltd since it has been using…

The Ministry of Civil Aviation has announced managing to get back more than 11 lakh Indians stranded in countries abroad due to the coronavirus COVID-19 pandemic. Under the Vande Bharat Mission, the center was able to repatriate the strangled Indians so far.     Taking to micro blogging site Twitter, the Civil Aviation ministry wrote: “Over 10, 98,000 stranded Indians have been repatriated under Mission Vande Bharat since 6th May. This would not have been possible without the continued support of all stakeholders. Thank you!”   Earlier on Monday, Air India had tweeted, “FlyAI: Important Update — Due to restrictions imposed by Hong Kong Authorities, AI 310/315,…

A three-judge bench headed by justice Ashok Bhushan held that the two funds can exist separately and individuals and organisations are free to contribute to NDRF but funds from PM Cares need not be transferred to NDRF.   The PM Cares Fund set up by the central government is not in violation of the Disaster Management Act (DM Act) of 2005, the Supreme Court ruled on Tuesday, while rejecting a plea seeking transfer of all contributions made to PM Cares Fund till date to the National Disaster Response Fund (NDRF),…

With a surge of privatization efforts aimed at education institutes in the country, India is no stranger to an exponential growth of student loan borrowers. Even before the pandemic swept the nation into all kinds of catastrophe, India’s economy has suffered a good deal of calamity already.   In 2019, India struggled with a 6.1% unemployment rate and today it’s risen to a staggering 27.11%. This inadvertently draws the spotlight on students who have taken up study loans, who are forecasted to default on their loans owing to the ever-increasing…

A big change in Congress campus was seen recently when senior party leader Ajay Maken replaced Avinash Pande as the new General Secretary in-Charge for Rajasthan.   Congress Chief Sonia Gandhi also set up a three-member committee to resolve the issues raised by party rebels in Rajasthan.    Senior party leader Ahmed Patel, Ajay Maken and KC Venugopal have been made members of the panel.   The appointments come in the wake of a rebellion in the Rajasthan government with former Deputy Chief Minister Sachin Pilot and 18 other MLAs…

Fire broke out at Parliament Annexe building’s sixth floor on Monday morning. Seven fire tenders were rushed to Parliament Annexe building in central Delhi after a fire incident was reported, an official said. The Delhi Fire Service official said the fire broke out on the sixth floor of the building.   A call was received at 7.30 am and it is suspected the fire started following a short-circuit. The fire has been brought under control, said Atul Garg, Director, Delhi Fire Service.

LG Electronics celebrates this Independence Day, by announcing its contribution under ‘Kar Salaam- A CSR initiative’. Under the aegis of this initiative, LG Electronics will donate 1 crore to Armed Forces Flag Day Fund (AFFDF) under Kendriya Sainik Board Secretariat (KSB SECTT), a nodal organization of the Govt. of India, Ministry of Defence. AFFDF is dedicated to welfare of war widows, children of martyr’s, war disabled soldiers & Ex-servicemen.  Kar Salaam initiative was started 3 years ago by LG Electronics, dedicated to the soldiers of India. Through the initiative, LG…