Reserve Bank will review the timeline and amount, depending upon market conditions

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.

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The employees of Employees Provident Fund Organization (EPFO) have come forward to support the Government's initiative in combating national crisis of COVID-19 pandemic and voluntarily contributed one day's salary- amounting to around Rs. 2.5 crore to the PM CARES Fund. EPFO, as one of World's largest Social Security Organizations, stands committed in the service of the nation in every possible way. The COVID-19, declared as a pandemic by the World Health Organization, has posed serious challenges for the health and economic security of millions of Indians. Government of India has set up a public charitable trust under the name of 'Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation. Officers and staff of EPFO are also contributing by putting in extra efforts for providing relief by expeditiously processing EPF withdrawal claims including COVID claims under

The government of India (GoI) has announced the sale (issue /re-issue) of three dated securities for Rs 19000 crore. These include 5.09% GS 2022 3,000 May 08, 2020, New GS 2030 (maturing on May 11, 2030) 10,000 and 7.19% GS 2060 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be Yield based for New GS 2030 and price based for remaining securities using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

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Sales rise 69.34% to Rs 35.41 crore

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Sales decline 2.72% to Rs 6.09 crore

Sales decline 53.40% to Rs 276.85 crore

Sales decline 57.18% to Rs 118.66 crore

Sales rise 13.39% to Rs 1798.05 crore

Sales decline 33.91% to Rs 3580.00 crore

Sales decline 9.01% to Rs 3625.86 crore

State Bank of India was transferring the money from Coimbatore to Vishakhapatnam to tide over a cash shortage in Andhra Pradesh when the vans were seized by the Election Commission

Centre to launch ambitious job scheme on Swami Vivekananda's birth anniversary

Sales decline 2.83% to Rs 616.61 crore

RBI issues revised Calendar for issuance of Marketable Dated Securities for the remaining period of H1 (11 May - 30 September 2020)

Serbia has protested to the European Union after one of its publications described inventor and electricity pioneer Nikola Tesla as a Croat. Foreign Minister Ivica Dacic said on Saturday he has sent the protest note to Brussels after the EU's Learning Corner site for children described Tesla as a famous Croatian who was one of the first people to discover X-ray imaging. An ethnic Serb born in 1856 in the Austrian Empire in present-day Croatia, Tesla spent most of his life abroad, working in Budapest and Paris before emigrating to the US in 1884 where he assumed American citizenship. He died in New York in 1943. History books quote him as saying that he was proud of his Serb origin and his Croat homeland. Tesla's ethnicity has long been just one of many disputes and points of contention between neighbouring Balkan rivals Serbia and Croatia, which once were both part of the Yugoslav federation that broke up in a civil war in the 1990s. Croatia is an EU member, while Serbia is seeking ...

With the Congress and Samajwadi Party attacking the Uttar Pradesh government for exempting industries in the state from some labour laws for the next three years, Labour Minister Swami Prasad Maurya on Friday accused the opposition of showing their anti-workers face and shedding crocodile for them. Those who are shedding crocodile tears for workers perhaps do not know that this ordinance will not only pave way for bringing investments but would also open employment opportunities at a time when large number of migrant labourers are returning home and have to be provided jobs in the state, Swami Prasad Maurya said. The state Cabinet chaired by the Chief Minister Yogi Adityanath earlier this week had given its nod to 'Uttar Pradesh Temporary Exemption from Certain Labour Laws Ordinance, 2020' to exempt factories, business establishments and industries from the purview of all, except three labour laws and one provision of another law for three years. Earlier in the day, Congress general ..

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said. The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said. Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said. The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the

The COVID-19 pandemic has brought life to a screeching halt for many, but those with serious ailments such as blood disorders have been pushed to the edge with their lives now hanging by a thread in the absence of necessary medical interventions. Sonia Ghakkar, a Gurgaon resident, had been desperately looking for help, as her husband, a leukemia patient, waits for bone marrow transplant (BMT). "About two months ago, my husband was diagnosed with leukemia. Bone marrow transplant is his only chance of survival. We have sought permission from the health ministry for transport of blood stem cells, but to no avail. The match cannot reach the hospital under the present circumstances," she said. Stem cell transplant is the only cure for many patients suffering from blood disorders. According to a hematologist, it takes months, sometimes years, to find a donor, and many "high-risk" patients have limited time left. Transplants have come down to a meager 20 per cent nationwide, as most ...

Activities under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) resumed in Jammu division on Saturday after an almost two-month suspension owing to the coronavirus-forced lockdown, officials said. The decision to resume works under MGNREGA was taken following a Home Affairs order allowing select additional activities in rural areas outside containment zones to mitigate the economic hardships being faced by people due to curbs, a spokesperson said. Work has resumed on 5,800 projects in all the 10 districts of Jammu division. "More than 25,000 job card holders have been engaged in these works. The director of Rural Development Department RDD has instructed the officers concerned to complete all works under MGNREGA, while ensuring that guidelines for curbing COVID-19 spread are followed," the spokesperson said. While undertaking the works under the flagship scheme, the department is ensuring that rural infrastructure gets augmented through restoration of ...

The odds of children in villages in Krishnagiri district, Tamilnadu, making it to college are one per cent, ten times below the low national average. Some interventions are helping, finds Krithika Ramalingam as she records the many realities here.

India Together

The Green Revolution was a publicly owned technology, but the current version is its opposite; processes, products, and research methodologies are caged in patents and the farmer has little say or control. But chasing nuclear stardom, India has once again sacrificed agriculture, writes Suman Sahai.

Do district level and local media play a critical role in development journalism? In a two-part series The Hoot.org takes a closer look at Mirzapur's media.

Renault-Nissan Alliance CEO Carlos Ghosn talks with WSJ Deputy Managing Editor Alan Murray about the differences in management style required for different corporate cultures in this excerpt from Tuesday's Viewpoints conversation.

Phase IV: Cong fields maximum crorepatis

Congress has the most crorrepatis in the fray in Phase V of the polls.

There are 57 members with criminal background, one with even charges of rape, and 134 crorepatis (74 per cent) in the newly-elected Gujarat assembly, according to a report by the Association for Democratic Reforms, a non-political group aiming at governmental and electoral reforms. Vicky Nanjappa reports.

The Sikkim government’s irregular allocation of hydropower projects to a New Delhi-based power producer and the eventual turn of events have cost the state more than Rs 2400 crore, according to a CAG report. Soumik Dutta reports on the details of the case and other related discrepancies that have surfaced since.

Videh Upadhyay urges the SC to take a comprehensive approach, protecting forests and those whose livelihood and culture are tied to nature.

India's upcoming National Biotech Policy will aim at food security, health-safety, farmer well-being, protection of the environment and security of trade in farm commodities. But favouring GM crops over alternatives runs real risks of jeopardizing this agenda, argues Kasturi Das.

There is now mounting hope that micro finance can be a large scale poverty alleviation tool. Banks too are shedding their old reluctance to lend to the poor, and are looking to tap the expertise of micro credit groups to create a new market. Ramesh Menon reports on the status quo and the challenges ahead.

A recent conference organised by the AICCTU in Bangalore saw more than 5000 contract workers marching in protest against the prevailing work conditions, seeking regularisation of contracts as well as amendments in law. Here’s a list of the primary demands raised by the workers.

Could a switch to biofuels ease the energy burden of a growing economy, and at the same time address a vital environmental issue? Venture capitalist Vinod Khosla seems to think so, judging by how far from the VC universe environmentalism usually is. Darryl D'Monte notes Khosla's vision for a sun-rise industry.

A grim picture emerges out of a performance audit of the Arunachal Pradesh government's work on 12 protected areas. The Comptroller and Auditor General's recent report is a telling comment on the state's commitment to wildlife protection. Himanshu Upadhyaya has more.

When technological change has the potential to put the livelihoods of hundreds of millions of people at risk, it must be regulated differently from other products in a free market. Blindly promoting innovation, as is now being done with genetically engineered crops, is self-defeating, writes Suman Sahai.

P Sainath.

The ongoing agrarian crisis has had a telling impact, causing the lapse of insurance policies of farmers. P Sainath reports.

P Sainath finds that the declining fortune and health of the religious establishment in Kerala's Wayanad region mirrors what is happening to the parishioners themselves.

Claims of a cotton bumper crop in Maharashtra have faded. Farmers feel such talk was meant to push prices down further. Procurement delays could also force many to sell in distress to private buyers, writes P Sainath.

If you are worth Rs.50 million or more, you are 75 times more likely to win an election to the Lok Sabha than if you are worth under Rs.1 million. P Sainath does a different kind of electoral math.

Was the salt march an essentially libertarian stand against taxes and government, was it about non-violence, or simply an assault on British rule via its weakest link? The more I reflect on Gandhi, the more I think that his enduring legacy is that you can find your own message in him, says Dilip D'Souza.

The draft bill comes at a time when there are differing opinions on the cost efficacy of the MFO model for reaching credit to the poor. Moreover, the bill itself contains some perplexing ideas - such as the choice of NABARD, itself an MFO, as a regulator of others such organisations. Kaushiki Sanyal presents a legislative brief.

The Court of Appeals in Philippines has recently passed an order, prohibiting field trials of GM Bt Brinjal. As the Indian government seeks to push through the BRAI Bill, Neha Saigal exposes its loopholes and argues why we should go the Philippines way.

India currently does not count the costs of defence pensions, para military forces and the defence ministry itself as part of budgeted defence expenditure. Correcting for this and converting to purchasing power terms, we are the third largest spender on defence in the world next only to the US and China, writes Pavan Nair.

"It's unnatural, to hunker in a hut only a few dozen yards from another few soldiers looking back at you, and not think of them as just like you in every respect. This happens again the next day and the next - eventually, you'd be a robot not to wave, or shout, or something." Dilip D'Souza joins a post on the Indo-Pak frontlines.

Plenty of criticism has been levelled at excess use of force and abuse of human rights by the Army in Manipur. And yet, with much infighting and corruption, insurgents themselves have lost the moral high ground, writes Surekha Sule.