RBI governor announces a 40 bps cut in repo and reverse repo rates, while pivoting the regulator’s focus from inflation control to fostering growth The Reserve Bank of India (RBI) delivered an emergency rate cut for the second time in as many months on Friday as it judged that the coronavirus pandemic poses a grave threat to the country and will lead to the first economic contraction in 40 years.

Central bank governor Shaktikanta Das took to YouTube on Friday to announce a 40 basis points (bps) cut in repo and reverse repo rates, while markedly pivoting the central bank’s focus from inflation control to fostering growth.

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Pandemic scandal of almost 8,000 Scots children made homeless

Thousands of children were made homeless during the pandemic, according to shock new figures branded a “national disgrace.”

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Police: Man shot in the head and killed in Eastwick

Philadelphia Police investigate after a man was shot at least three times in the head and killed. EASTWICK - Philadelphia Police are investigating after a man was shot in the head and killed.Officials say the shooting happened on the 8100 block of Grovers Avenue, in Philadelphia’s Eastwick neighborhood, Saturday night, just before 7:30.Responding officers found the man, who was in his late 20s or early 30s, with at least three gunshot wounds to his head.MORE HEADLINES:Medics pronounced the man dead at the scene.Investigators say no weapon has been recovered and no arrests have been made.___Tips can be submitted by calling 215-686-TIPS (8477) or texting PPD TIP (773847).

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Anti-vaccine mandate protesters force closure of Pacific Highway border crossing

Transportation officials said the main route to one of B.C.’s busiest border crossings was closed Saturday, amid the latest protest convoy by opponents of vaccine mandates and other COVID-19 measures.

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Covid-19: India reports 44,877 new Covid cases, daily positivity rate at 3.17%

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Covid-19: New antibody drug to fight Omicron receives US FDA authorization

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Never miss a story! Stay connected and informed with Mint. Download our App Now!!

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Trucker protests: Protesters vow to protect National War Memorial in Ottawa after removal of fencing

Purported veterans and supporters of the so-called “Freedom convoy” removed fencing protecting the National War Memorial in Ottawa on Saturday. A police officer can be seen telling the demonstrators they would be responsible for taking care of the memorial, according to Global News’ Abigail Bimman, who was on the ground at the time.

Abigail Bimman city Ottawa fencing

Convoy vehicles break through RCMP barricades as B.C. border crossing effectively closed

#FreedomConvoy #vancouver#military pic.twitter.com/XhnXUyDUaY— WaiverHunter (@WaiverHunter) February 12, 2022RCMP spokesperson Sgt. Elenore Sturko said late Saturday afternoon a group of vehicles, including a large truck with a military-style paint job, broke through a police blockade and over a median heading the wrong way on the northbound side of the road.It appears to be some type of, maybe military surplus … it’s not anything with the government of Canada, it’s a vehicle that is painted and lifted and looks to be a military type style, and that was one of the first vehicles to break over the median and past police barriers,” Sturko said.UPDATE #BCHwy15 – CLOSED in both directions between 8th Ave and 1st Ave due to a public demonstration.

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More than 49,000 boosters given yesterday; 810 community cases; 32 in hospital

The sharp increase in new cases today is another reminder that, as expected, the highly transmissible Omicron variant is now spreading in our communities as we have seen in other countries.

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Traffic Alert for motorists using Colombo – Horana Rd

COLOMBO (News 1st); Sri Lanka Police announced that the movement of traffic will be restrict along the Colombo – Horana Road as a result of the development of the Bokundara Bridge in Piliyandala.From the 13th of February 2022 until further notice, two lanes will be open for vehicles to travel to Colombo from 6 AM to 3 PM daily, and one lane to travel to Horana during that time.Further, from 3 PM to 6 PM, two lanes will be open to travel to Horana while one lane will be open to travel to Colombo.In addition, from 6 AM to 9 AM and 4 PM to 8 PM, all heavy vehicles, excluding passenger transport buses, will not be allowed to enter these roads.Sri Lanka Police requested the general public to use the following alternatives to avoid inconveniences.* Horana to Colombo : Proceed to Galle Road from Piliyandala and then move to Colombo.* Horana to Werahera : Proceed to Ratmalana via Galle Road and then use Borupana Road to access Werahera* Colombo to Horana : Proceed to Maharagama from Boralesgamuwa and use the Maharagama Piliyandala Road.

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Trucker convoy protesters gather in Toronto for second straight weekend

Protesters supporting the trucker convoy movement that has occupied Ottawa and Windsor demonstrated in Toronto for a second consecutive weekend. It comes after the province declared a state of emergency in relation to the ongoing blockades.

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TD Bank freezes two personal accounts that received over $1M for trucker convoy

protesters fighting the Canadian government’s pandemic measures, a bank spokesperson said on Saturday.The demonstrations, dubbed the “Freedom Convoy” by Canadian truckers opposing a vaccination mandate for cross-border drivers as well as other pandemic restrictions, are now in their third week. They have gridlocked the capital Ottawa and blocked U.S.-Canada border crossings, damaging trade between the two countries.Early on Saturday, Canadian police began clearing protesters blocking a key bridge linking Canada and the United States.

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Senators introduce bill to address social media harm, addiction

In this photo illustration, the social medias applications logos, Twitter, Google, Google+, Gmail, Facebook, Instagram and Snapchat are displayed on the screen of an Apple iPhone. (Photo Illustration by Chesnot/Getty Images) Two U.S.

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Philadelphia's first gun buyback kicked off Saturday

PHILADELPHIA - Philadelphia’s first gun buyback of 2022 kicked off on Saturday.The event was led by Bilal Qayyum with Fathers Day Rally Committee along with leaders from the Philadelphia City Council.For every gun that was turned in, no questions asked, the person was given a $100 gift certificate to a local grocer.One person turned in ten guns alone. In total, 28 guns were turned in Saturday – 24 handguns and 4 long guns. "A lot of guns and the police would tell you this, that are on the streets today, ended up legal guns in someone house, someone broke in and took that gun.

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Gas prices continue to rise in NJ amid crude oil price hikes

TRENTON, N.J. - Gas prices continue to rise sharply in New Jersey as crude oil prices increase amid ongoing global tensions related to uncertainty over Russia’s intentions toward Ukraine. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.56, up 12 cents from last week. Drivers were paying an average of $2.64 a gallon a year ago at this time. The national average price for a gallon of regular gasoline was $3.48, up six cents from last week. ___DOWNLOAD: FOX 29 NEWS APP | FOX 29 WEATHER AUTHORITY APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter

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Police investigate non-fatal shooting of Delaware teenager

NEW CASTLE, Del. - Police in Delaware are investigating the shooting of a teen in New Castle County. New Castle Police say they received a report of a shooting Friday afternoon in the community of Sophia’s Place West. Officers arrived and found a 16-year-old boy with gunshot wounds to his upper and lower extremities. A good Samaritan had been rendering aid before police arrived. The boy was taken to the hospital and reported in stable condition. Police are investigating and asking the public to contact them if they have relevant information.___DOWNLOAD: FOX 29 NEWS APP | FOX 29 WEATHER AUTHORITY APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter

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Group of men assault, rob man of nearly $30K in Northeast Philadelphia

PHILADELPHIA - Police are investigating after four men broke into a home and assaulted a man in Northeast Philadelphia. The incident happened at approximately 2:30 a.m. on the 6900 block of Horrocks Street. Police say four unknown men, two of which were armed, forced entry through the basement door. They then assaulted a 41-year-old man and took approximately $28,000 ($10,000 in coins, $10,000 in checks, and $8,000 in cash) in various currency from the man.

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EastEnders' Maisie Smith reveals one piece of advice she would have given her younger self after previously opening up about mental health

EastEnders star has been getting close with her fellow co-stars, including Dragons Den star Sara Davies, Gordon Ramsay's daughter Tilly, and fellow actress Rose Ayling-Ellis, who made history last year as the show's first ever deaf contestant. Today (12 February) she shared a video of her spending time with CBBC TV presenter Rhys Stephenson in the dressing room before a show at London's 02 arena.

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Man dies after being shot inside car in Southwest Philadelphia, police say

PHILADELPHIA - A man has lost his life after a shooting in Southwest Philadelphia. The shooting happened around 11:30 p.m. Friday on the 6000 block of Woodland Avenue. Police say the 29-year-old man was shot once in the left armpit inside a Nissan Altima.

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CDC proposes change to opioid prescription guidelines

CDC officials said."We began to hear how the guidelines were being misused and misapplied" said the CDC's Christopher Jones, a co-author of the draft guidance.The proposed changes, contained in a 229-page draft update in the Federal Register, would roll back some suggested limits on the drugs. Their publication opens a 60-day public comment period.

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Convoy protesters tear down fence protecting National War Memorial

Protesters from the so-called “freedom convoy” in Ottawa have torn down a fence that had been put around the National War Memorial to protect it from further desecration.

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4 hurt in shooting after Justin Bieber concert at Los Angeles restaurant

According to TMZ, rapper Kodak Black was among those who were shot. The gunfire erupted outside The Nice Guy restaurant, hitting four men ages 60, 19, 20 and 22, LAPD Officer Lizeth Lomeli said. Their names were not released.When officers arrived on the scene, they located three people who had been shot.

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Rylan Clark looks picture of health in fresh update after hospital stay

as she shares a fresh update with fans. The update from Rylan comes on social media a day after he was rushed to hospital.

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Greater Manchester's latest borough-by-borough coronavirus infection rates as cases continue to plummet

The number of coronavirus infections is continuing to plummet in all 10 boroughs in Greater Manchester, latest figures show.

Greater Manchester Britain city Manchester testing infection Coronavirus

Injunction granted to prevent protesters from blocking Ambassador Bridge

Late Friday afternoon, a judge granted an injunction which prevents protesters from stopping the flow of traffic across the Ambassador Bridge. Sean O’Shea reports.

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Live blog: Ottawa convoy protest enters 16th day, as police clear Ambassador Bridge

“Freedom Convoy” originally meant to protest COVID-19 vaccine mandates and quarantine rules for cross-border truck drivers has entered its 16th day on Saturday.Police in Windsor, Ont. say they’ve begun enforcement actions against protesters who blocked access to the Ambassador Bridge for days.They say they’ve told protesters at the scene to head home, and several have begun packing up tents.

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Quebec reports 28 more COVID-19 deaths, logs 71 patient drop in hospitalizations

COVID-19 today as virus-related hospitalizations continue to decline across the province.The Health Department says 2,143 people are in hospital with the disease, after 144 patients were admitted in the past 24 hours and 215 were discharged.#COVID19 – En date du 11 février, voici la situation au Québec: https://t.co/pwoUoaBgaF pic.twitter.com/aR2nlnEvXO— Santé Québec (@sante_qc) February 12, 2022It says the number of overall virus-related hospitalizations are down by 71.Officials say 153 patients are listed in intensive care, a drop of 11.The province is also reporting 2,359 new cases confirmed by molecular testing, which is limited to certain higher-risk groups.They say 33,661 doses of a COVID-19 vaccine were administered on Friday.

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Robot dogs will soon patrol the US-Mexico border

A robot dog operating alongside ATVs in the southwest U.S. Photo: Courtesy Ghost Robotics.

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Trucker protests: Windsor police begin clearing out Ambassador Bridge blockade

Police in Windsor, Ont., commenced their enforcement Saturday of an injunction granted on Friday by an Ontario judge to allow for protesters at the Ambassador Bridge to be cleared out. Sean O’Shea has more details on how the enforcement proceeded, with protesters closest to the bridge seen moving back peacefully, while others drove their vehicles away from the area.

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COVID-19: Hospitalizations in Nova Scotia see slight decline

COVID-19 in Nova Scotia declined slightly since Friday, the province announced on Saturday.In an abbreviated weekend news release, the province said there were 79 people in hospital who were admitted due to COVID-19 and were receiving specialized care in a designated unit. That’s down by three since Friday.However, another three people were in intensive care, for a total of 14.

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Wendy Williams Denies 'All Allegations' About Her Mental Health Amid Legal Battle With Bank

Wendy Williams is speaking out.

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Fewer crashes in Utah after state lowered drunk driving limit to .05%, study finds

SALT LAKE CITY - Traffic deaths decreased in Utah after the state enacted the strictest drunken driving laws in the nation five years ago, new research published Friday by a U.S. government agency shows.The findings, which pertain to fatalities involving and not involving alcohol, provide initial validation for conservative lawmakers who passed the law over concerns from restaurant and tourism industry lobbyists.In the study published by the National Highway Traffic Safety Administration, researchers wrote that, in the years after Utah changed the drunken driving threshold from .08% to .05% blood-alcohol content, the number of crashes and fatalities fell even though drivers logged more miles."Changing the law to .05% in Utah saved lives and motivated more drivers to take steps to avoid driving impaired," said Dr.

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Whirlwind romance follows after tornado crashes Kansas couple's wedding

HARPER, Kan. - Rain on a wedding day can be upsetting for any couple, but a tornado can be downright frightening during the vows.In some cultures, rain is viewed as good luck, symbolizing various things from fertility to unity. It can also represent that your marriage will last a lifetime. Candra and Caleb Pence would agree.It was May 19, 2012, and the 21-year-old bride was ready to marry the man of her dreams.

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Ukraine crisis: Putin, Biden conclude hourlong call as US evacuates embassy

MOSCOW - With the risk of war looming larger, Russian President Vladimir Putin and U.S. President Joe Biden held a high-stakes telephone call Saturday as a tense world watched and worried that an invasion of Ukraine could begin within days.Before talking to Biden, Putin had a telephone call with French President Emmanuel Macron, who met with him in Moscow earlier in the week to try to resolve the biggest security crisis between Russia and the West since the Cold War. A Kremlin summary of the call suggested that little progress was made toward cooling down the tensions.The closely watched call between Biden and Putin began shortly after 11 a.m.

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Afghans protest US order freeing up $3.5B in assets for 9/11 victims

KABUL, Afghanistan - Demonstrators in Afghanistan’s capital Saturday condemned President Joe Biden’s order freeing up $3.5 billion in Afghan assets held in the U.S. for families of America’s 9/11 victims — saying the money belongs to Afghans.Protesters who gathered outside Kabul's grand Eid Gah mosque asked America for financial compensation for the tens of thousands of Afghans killed during the last 20 years of war in Afghanistan.Biden's order, signed Friday, allocates another $3.5 billion in Afghan assets for humanitarian aid to a trust fund to be managed by the U.N.

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Kerala's active Covid cases dip; 15,184 new cases in 24 hrs. Details here

THIRUVANANTHAPURAM :

India covid-19 death reports

Shaktikanta Das differs with govt over IMF's $500 billion rights plan

NEW DELHI : While India joined the US last month to oppose the International Monetary Fund’s (IMF’s) plan to issue $500 billion of fresh special drawing rights (SDRs) to help member countries combat the economic fallout of the coronavirus pandemic, Reserve Bank of India (RBI) governor Shaktikanta Das seems to have supported the move during the same IMF-World Bank virtual spring meeting.

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Markets fall as RBI’s words of caution spook investors

RBI chief says macroeconomic impact of the pandemic is more severe than anticipated

Shaktikanta Das India city Mumbai covid-19 outbreak pandemic economy

Loan moratorium extension will take care of cash-flow disruptions: SBI chief

The Reserve Bank of India’s (RBI) extension on Friday of the ongoing loan moratorium by another three months will take care of cash-flow disruptions for borrowers despite the absence of a one-time debt recast relief, said Rajnish Kumar, chairman, State Bank of India (SBI).

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Rate cut fails to cheer markets, RBI caution on growth worries investors

Indian stock markets closed lower on Friday dragged by financial heavyweights, as the Reserve Bank of India's (RBI) surprise rate cut and extension of moratorium for borrowers failed to cheer investors.

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RBI's surprise rate cut, shift in focus to growth, loan moratorium and more

MUMBAI: The coronavirus pandemic has forced the Reserve Bank of India (RBI) to advance its scheduled monetary policy meet a second time and announce deep cuts to benchmark rates. RBI governor Shaktikanta Das, in a televised address on Friday, announced a 40 basis points (bps) cut in repo and reverse rates, markedly pivoting the RBI's focus from inflation control to fostering growth impulses.

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Extended moratorium to help borrowers in absence of debt recast: SBI chairman

MUMBAI : The Reserve Bank of India’s (RBI) extension of the ongoing moratorium by another three months will take care of cashflow disruptions for borrowers even in the absence of a one-time debt recast relief, said Rajnish Kumar, chairman, State Bank of India (SBI).

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RBI: Working capital borrowers can repay accrued interest till March 2021

MUMBAI: In what will ease the repayment pressure for working capital borrowers, the Reserve Bank of India (RBI) on Friday not only allowed another three months of deferment on interest payments but also permitted repayment of the accrued interest in tranches till March 2021.

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RBI Governor Shaktikanta Das' recent announcements; full text here

RBI has reduced repo rate by 40 basis points to 4% in an effort to further boost liquidity in the economy

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RBI hikes group expousre limit of banks to 30% till 30 June, 2020

NEW DELHI: The Reserve Bank of India (RBI) on Friday raised the group exposure limit of banks to 30% from 25% for a temporary period till 30 June, 2021. The announcement was made by Governor Shaktikanta Das in a televised address today. The limit will be restored to 25% after the deadline unless the RBI decides otherwise.

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India's GDP growth in 2020-21 to remain in negative category: RBI

The GDP growth in 2020-21 is expected to remain in the negative category with some pick up in second half, said Reserve Bank of India (RBI) Governor Shaktikanta Das during the press conference today.

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Nirmala Sitharaman - Shaktikanta Das - RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative - livemint.com - city New Delhi - India

RBI Governor Press Conference Live Updates: Shaktikanta Das expects GDP growth to be negative

NEW DELHI : In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das is now holding a press conference. After the lockdown began, Das had slashed the benchmark interest rate (repo rate) by a massive 75 basis points and also announced a three-month moratorium to be given by banks to provide relief to borrowers whose income has been hit due to the lockdown.

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RBI governor's address at 10AM: Five things to watch out for

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das will hold a briefing on Friday at 10 am, his third since the lockdown began on 25 March. Lenders and the Indian industry are waiting for the likely steps Das may announce to mitigate the impact of the lockdown.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

India tests GDP negative: Now Reserve Bank nudges economy further

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