The Maharashtra Legislative

Assembly on Tuesday passed by voice vote the supplementary demands of Rs 29,084 crore for the year 2020-21.

A major chunk of the demands, Rs 10,500 crore, was allocated to farmer loan waiver, while Rs 2,100 crore was earmarked for health and medical education. A sum of Rs 50 crore was proposed for purchase of ambulances for rural and urban areas.

The House also passed two state GST (Goods and Services Tax) amendment bills which were tabled on Monday.

The amendment was aimed at bringing uniformity between the state and the Central GST.

Meanwhile, Health minister Rajesh Tope said a special cell will be set up to check side effects in the patients who have recovered from COVID-19 infection.

He said Remdesivir medicine will be provided to COVID-19 patients...

First Published: Tue, September 08 2020. 17:11 IST

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About 100 college communities in the US have witnessed a high rate of Covid-19 cases in recent weeks as students have returned for the fall semester, making the campuses and the surrounding areas a new hotspot for virus transmission, a media report said.

According to a New York Times review of 203 counties where students comprise at least 10 per cent of the population, about half have experienced their worst weeks of the pandemic since Aug.ust1, with figures showing the number of new infections is peaking right now, Xinhua news agency reported on Tuesday.

The University of Iowa, which faced a budget shortfall of at least $75 million because of the pandemic, had taken precautions, and only about a quarter of classes would be delivered in person after thousands of students came ...

BJP leader from Gwalior Satish

Sikarwar joined the Congress along with several of his supporters in the presence of the party’s Madhya Pradesh unit chief Kamal Nath on Tuesday.

Expressing confidence about winning all 27 seats in the bypolls that are yet to be scheduled, the former chief minister said voters of these constituencies may not support Kamal Nath or the Congress but they will definitely support the truth.

After inducting Sikarwar and his supporters in the party, Nath said not only people, but even BJP workers were unhappy with the ruling regime.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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A day after the Reserve Bank of India appointed committee outlined parameters to deal with 26 sectors buffeted by Covid-19, chairman K V Kamath speaking to CNBC TV18 said that 72 per cent of the loans were affected in the quadrants presented. However, he added that the “economic recovery is better than what we imagined 12 weeks ago.”

Speaking to CNBC TV18, Kamath said, “There was pressure on industries even before the coronavirus pandemic hit and the GDP contraction of nearly 25 per cent was not a surprise. The last two quarters have been most impacted by Covid-19.”

Speaking about the loan restructuring, the chairman said that there will be complications, but “sure that bankers will take a considered decision to reach an equitable proposal...

China has asked hundreds of Indian students stranded back home due to the coronavirus pandemic to remain in touch with their respective colleges and follow instructions to protect their academic progress through online courses as foreign students are still not allowed to enter the country.

Over 23,000 Indian students studied different courses in Chinese universities and colleges of which over 21,000 were enrolled to study MBBS, according to last year’s data.

Most of these students left for India during the Chinese New Year holidays in January, just around the time when the coronavirus pandemic began spreading in China following which international travel has been badly disrupted.

At present, foreign students in China cannot enter the country for the time being, but the Chinese gove...

PlayerUnknown’s Battlegrounds (PUBG) on Tuesday announced it had ended its ties with China’s Tencent Holdings for its PUBG MOBILE franchise in India. The move comes in the wake of the recent ban imposed on the game’s mobile version, both full and light, by the Indian government citing security concerns.

“In light of recent developments, PUBG Corporation has made the decision to no longer authorise the PUBG MOBILE franchise to Tencent Games in India. Moving forward, PUBG Corporation will take on all publishing responsibilities within the country...

Fitch has sharply lowered its forecast for India’s gross domestic product (GDP) growth for the current fiscal 2020-21 (FY21) and now expects the country’s GDP to contract 10.5 per cent versus its earlier estimate of 5 per cent contraction in this period. This, at a time, when the rating agency has revised upwards, albeit modestly, its forecast for global GDP – from the earlier estimated fall of 4.6 per cent to 4.4 per cent now.

The downward revision in India’s forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April – June 2020 period, when the GDP came in at a negative to 23.9 per cent year-on-year (YoY) – the worst performance in nearly four decades.

“The severe fall in activity has damaged household and corporate incomes and balance sheets, ...

Just when investors thought Masayoshi Son was reining in risk at SoftBank Group Corp, the Japanese billionaire’s foray into highly leveraged derivatives is giving them fresh reason to worry.

SoftBank shares tumbled 7.2% on Monday in Tokyo, erasing about $9 billion of market value. The drop came after the conglomerate made massive bets on high-flying technology stocks using equity derivatives — and despite one report that it has billions in paper gains.

Son’s career has been full of head-scratching acquisitions and strategic shifts, but the 63-year-old had spent much of this year taking investor-friendly steps that made it seem he was finally listening to shareholders like activist Elliott Management Corp...

Taj Mahal and Agra Fort will re-open to the public from September 21 as part of unlock 4, Basant Kumar, Superintending Archaeologist, ASI said on Monday.

According to Kumar, only 5,000 and 2,500 visitors will be allowed in both the monuments respectively in a day.

As a precautionary measure, the ticket counters will not open and electronic tickets will be provided to the visitors.

“Taj Mahal and Agra Fort to be opened for visitors from September 21. 5,000 and 2500 visitors to be allowed in Taj Mahal and Agra Fort respectively, in a day. Electronic tickets will be provided as ticket counters will not open,” Basant Kumar told ANI.

The monuments have been closed to the public since a nationwide lockdown was imposed in March to combat the pandemic.

According to the Union Health Minis...