MUMBAI: Indian stock markets declined on Friday even as the Reserve Bank of India on Friday slashed repo rate by 40 basis point to 4% and adjusted the reverse repo rate to 3.35% from 3.75%.

Governor Shaktikanta Das said India's GDP growth is likely to remain in the negative territory in 2020-21 due to disruptions led by covid-19.

At 11:06 am, the BSE Sensex was at 30,525.54, down 407.36 points or 1.32%, while the 50-share index Nifty was at 8,982.45, down 123.80 points or 1.36%.

Banks and other rate sensitives have declined after the RBI announcement. BSE Bankex, BSE Auto, BSE Realty were down 1-3%. Analysts said the fact that the central bank has refrained from giving a GDP growth figure is a reflection of the complexity in giving

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G. L. meets India’s Spy Chief Doval to conclude visit

COLOMBO (News 1st); Foreign Minister of Sri Lanka Prof. G.L.

Subrahmanyam Jaishankar G.L.Peiris city New Delhi India Sri Lanka hospital Government Cooper SPY

14-hour Water Cut for multiple areas in Gampaha on Wednesday (9)

COLOMBO (News 1st); The National Water Supply and Drainage Board said that a 14-water cut will be experienced from 4 PM on Wednesday (9) for many areas in the Gampaha District.The areas that will be affected are:Ekala, Kotugoda, Udammita, Thudella to 20th Mile Post along Raja Mawatha, Wahatiyagama, Delatura, Katunayake, Seeduwa, Udugampola, Minuwangoda, Katunayake Air Force Camp, Katunayake Free Trade Zone, and Katana South.

Waters

2 men shot inside Overbrook bar, police say

OVERBROOK - Philadelphia Police are investigating after two men are shot inside a bar in Overbrook.The shooting happened Tuesday night, around 8:15, on the 6600 block of Lansdowne Avenue.Police were called to the bar on the report of gunshots inside the establishment.Arriving officers found a 31-year-old man with two gunshot wounds to his leg. He was taken to Lankenau Medical Center by police and placed in stable condition.A second man, 54, was found to be suffering from a gunshot wound to his buttocks.

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Alberta ending vaccine passport program and other COVID-19 public health restrictions

Premier Jason Kenney says Alberta’s vaccine passport will end almost Tuesday at midnight and most other big COVID-19 health rules will be gone in three weeks from now. Dan Grummett, Tom Vernon and Morgan Black have team coverage on what is happening, how the health-care system is doing and how Albertans feel about the changes.

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Alberta restaurants, gyms have mixed feelings about scrapping vaccine passport

Starting Wednesday, Alberta restaurants, gyms and concert venues will no longer be required to ask for proof of vaccination. As Morgan Black explains, owners have mixed feelings about scrapping the restrictions exemption program.

vaccine

Alberta removes Restrictions Exemption Program effective at midnight: Kenney

Alberta Premier Jason Kenney announces the Restrictions Exemption Program will end at 11:59 p.m. on Feb. 8, 2022.

Jason Kenney

Kenney: Turning public health policy into ‘political football’ not helpful

Alberta Premier Jason Kenney responds to a question about municipalities and the provincial governments being on the same page when it comes to COVID-19 policy.

Jason Kenney covid-19 Government Health

Businesses can continue using COVID-19 QR codes as long as they are issued: Kenney

Alberta Premier Jason Kenney says businesses who want to continue to use the Alberta COVID-19 vaccination QR code are allowed to do so as long as they are issued.

Jason Kenney Alberta Covid covid-19 vaccine

Restrictions Exemption Program has been ‘extremely tough’ on rural Alberta businesses: Kenney

Premier Jason Kenney says the Restriction Exemption Program has been “extremely tough” on businesses in rural Alberta with low COVID-19 vaccine uptake.

Jason Kenney covid-19 vaccine

Kenney announces removal of mask mandates for Alberta students

Alberta Premier Jason Kenney announces that all mask mandates for children 12 and under will be removed.

Jason Kenney mask

Alberta will continue lifting COVID-19 restrictions in phased approach: Kenney

Premier Jason Kenney announces the final two steps in relaxing COVID-19 restrictions in Alberta based on hospitalizations.

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Alberta expands COVID-19 vaccination eligibility for youth

Alberta Health Minister Jason Copping announces expanded eligibility for youth to receive the COVID-19 vaccine.

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The COVID-19 trends that will decide B.C.’s path forward

Global’s Keith Baldrey looks at what COVID-19 trends B.C. officials will take into account, when deciding on which restrictions to ease.

Keith Baldrey covid-19

Philadelphia man accused of road rage shooting in Montgomery County

WHITEMARSH TWP, Pa. - A Philadelphia man is accused of shooting a driver in an apparent road rage incident last month on a highway in Montgomery County. Keith Choice, 31, was taken into custody on Tuesday after police said he shot another driver on the northbound side of State Route 309 in late January. According to investigators, a 65-year-old man was driving in the far left lane when Choice pulled up next to him and fired a single shot that hit the victim in the right upper arm. MORE LOCAL HEADLINESPolice said the bullet narrowly missed striking the victim's neck.

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Tequila could become America’s favorite liquor, data trends show

General Declaration on the Protection of the Appellation of Origin Tequila, as put forth by Mexico’s Tequila Regulatory Council. Tequila popularity has been steadily growing since 2002 and in 2021 alone, 26.9 million 9-liter cases of tequila were sold, according to the Distilled Spirits Council. Compared to vodka, which still has the top spot in Americans’ hearts, tequila sales grew by 30.1% compared to vodka sales which only grew by 4.9% in 2021 alone. "As of 2021, agave-based spirits are the third largest spirits category in the US, behind vodka and whisky. Agave spirits are set to continue on their growth path, fueled by a mix of drivers, including authenticity, product diversity and consumer engagement," according to IWSR which analyzes and tracks alcohol trends. Americans’ consumption of tequila rose 30% between 2015 and 2020, according to IWSR. Tequila also drove industry growth, accounting for nearly one-third of the total increase in spirits revenue, according to the Distilled Spirits Council.

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SpaceX: Geomagnetic storm damaged latest batch of Starlink satellites

CAPE CANAVERAL, FLORIDA, UNITED STATES - 2022/02/03: People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida. The rocket is carrying 49 Starlink internet s CAPE CANAVERAL, Fla. - SpaceX says a geomagnetic storm damaged the latest batch of Starlink internet satellites, keeping most of them from making the proper orbit.The 49 satellites were launched on Feb.

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GOP lawmaker apologizes for cursing at Democrat over mask-wearing

UNITED STATES - FEBRUARY 25: Rep. Hal Rogers, R-Ky., talks with the media after a meeting of the House Republican Conference in the Capitol, February 25, 2015. (Photo By Tom Williams/CQ Roll Call) WASHINGTON - A senior Republican lawmaker apologized late Tuesday for using an expletive when Democratic Rep.

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Boom felt throughout southern N.J. and Del. possibly weather-related

PHILADELPHIA - A disturbance in the mid-level of the atmosphere passed through the Northeast Tuesday. Meanwhile, the jet stream with strong winds was passing through Delaware and southern New Jersey during the day.

state New Jersey state Delaware travelers Provident Southern

Olympic ski jumpers slam officials after 5 female skiers get disqualified over outfits

ZHANGJIAKOU, CHINA - FEBRUARY 07: Katharina Althaus of Team Germany jumps during Mixed Team Ski Jumping First Round at National Ski Jumping Centre on February 07, 2022 in Zhangjiakou, China (Photo by Cameron Spencer/Getty Images) Slovenia’s win in the Olympic debut of the mixed team ski jumping event on Monday was overshadowed by a number of disqualifications over suit violations that led several outraged athletes and coaches to slam the sport’s governing body. Five female ski jumpers, from Germany, Austria, Norway, and Japan, were all disqualified from the competition after officials said their ski suits did not comply with the International Ski Federation’s (FIS) rules. According to Yahoo Sports, the suits were deemed too loose which seemingly gives the skiers an advantage on their jumps.RELATED: Figure skater Nathan Chen sets record at Olympics after 2018 'poor' performanceGerman head of Nordic events Horst Huttel, whose team was the favorite heading into the event, said, via Reuters, that the situation was "outrageous." "This is a parody, but I am not laughing ...

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Local authorities warn social media scam that attempts to blackmail teen boys, men

A picture taken on October 1, 2019 in Lille shows the logo of mobile app Instagram, Snapchat, Twitter, Facebook, Google and Messenger are displayed on a tablet.

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Update on Canadian athletes at the 2022 Beijing Olympics

Drew Lawson from the Canadian Sports Institute Calgary joins Global News Morning Calgary to provide an update on the Canadian athletes competing at the 2022 Winter Olympics in Beijing.

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Big Boost Week kicks off; all DHBs reach 90% fully vaccinated for Pacific Peoples; 204 community cases; 16 in hospital

Today we start a national week of action called ‘The Big Boost’ where we’re making it as easy as possible to get your booster, with pop-up vaccination centres and extended opening hours.

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Olympics fans accuse Chinese speed skater of tripping Canadian opponent

Did a Chinese speedskater flick a marker underneath the skate of a Canadian opponent, causing her to fall during Monday’s Olympic women’s 500-metre short-track speedskating quarterfinals?

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Global Covid response program 'running on fumes' amid budget shortfall

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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Pfizer’s Covid windfall creates new mRNA opportunities

Pfizer will spend all that Covid cash.

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Philly woman frustrated waiting for PPA to help pay for damaged vehicle

CENTER CITY - A Philadelphia woman says her car was damaged by a Philadelphia Parking Authority tow truck and is seeking help from them to pay for it, but, she says, she’s not getting answers from them."I’m waiting for them to pay me for my car. Or pay for my car fixtures.

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Reaction spreads across Saskatcewan as premier announces public health orders will soon end

Saskatchewan Premier Scott Moe announced on Tuesday that public health orders will be coming to an end in the province.Moe said on Feb. 8, 2022, that the requirement to provide proof of vaccination or a negative COVID-19 test for businesses, workplaces and other public venues will end on Feb.

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Ambassador Bridge Closed to Canada-bound trucks

For a second day, no vehicles are being allowed into Canada on the most important trade bridge between Canada and the United States. As Seán O’Shea reports, protesters are preventing it.

Usa Canada prevention reports

Thousands sign petition after U of T gives students “hell money” for Lunar New Year

A petition has garnered thousands of signatures asking for an official apology and investigation, after the University of Toronto’s Graduate House displayed red envelopes containing ‘hell money’ for Lunar New Year.

Ontario considering eliminating yearly license plate renewal fees

According to a government source, the Ford Tories are looking at eliminating the yearly fees to renew license plates. The timing close to the spring budget, but also the spring election. Matthew Bingley reports.

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Philadelphia real estate experts see better future as newcomers move in

CENTER CITY - Philadelphia’s gun violence is finding its way into the heart of Center City, as a man was shot and killed just a few blocks from City Hall.But, real estate experts say the city is bouncing back."I want to cry, I love my city," Cassandra Adams remarked.Adams is as loyal as it comes to Philadelphia, which is why a changing Center City makes her upset."I went to West Catholic. I went to Temple.

county Hall city Center experts Man Citi

Abortion referrals can continue for now, federal court rules

COLUMBUS, Ohio - Federally funded family planning clinics can continue to make abortion referrals for now, a federal court ruled Tuesday, in a setback for a dozen Republican attorneys general who have sued to restore a Trump-era ban on the practice.The 6th U.S. Circuit Court of Appeals in Cincinnati denied a request by the 12 states to pause rules for the federal government’s family planning program while their case is heard.

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Washington Commanders Deshazor Everett charged with involuntary manslaughter after car crash kills girlfriend

LOUDOUN COUNTY, Va. - Washington Commanders safety Deshazor Everett has been charged with involuntary manslaughter for the fatal car crash that took the life of his girlfriend Olivia Peters. According to the Loudoun County Sheriff’s Office, Everett was charged after investigators determined he was driving over 90 mph just before the crash. Authorities say Everett, 29, turned himself into the Louduon County Adult Detention Center Tuesday afternoon. RELATED: Washington Football Team player discharged from hospital after car crash that killed Maryland womanBoth Everett and Peters were traveling north on Gum Spring Road near Ticonderoga Road in a 2010 Nissan GT-R the night of the crash in December 2021. Loudoun County Sherrif's Office said the vehicle the couple was in veered off the right side of the roadway, struck several trees, and rolled over. Peters was taken to StoneSprings Hospital where she died from her injuries. Everett was taken to Reston Hospital Center and treated for serious but non-life-threatening injuries. Everett posted a $10,000 secured bond and has been released from custody. He is due in court on March 1. Kaveh Noorishad, Everett's attorney, released the following statement to FOX 5 regarding the matter: Advertisement"Mr.

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Flyers name Danny Briere assistant to the general manager

PHILADELPHIA, PA - OCTOBER 27: Former Philadelphia Flyer and Buffalo Sabre Daniel Briere acknowledges the crowd during a pre-game ceremony honoring his retirement from the NHL on October 27, 2015 at the Wells Fargo Center in Philadelphia, Pennsylvani PHILADELPHIA - The Philadelphia Flyers have named former franchise great Danny Briere special assistant to the general manager.The 44-year-old Briere, who retired after the 2014-15 season, will be involved in all aspects of the club’s hockey operations, including scouting and player development. He joins the Flyers operations staff after parts of five years with the Maine Mariners of the ECHL, most recently as team president.He also worked in the Flyers player development department for the past two seasons in a part-time role working with the club’s prospects, as well as current players, on and off the ice.

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ACT-Accelerator calls for fair share-based financing of US$ 23 billion to end pandemic as global emergency in 2022

World leaders will today launch a call to end the pandemic as a global emergency in 2022 by funding the Access to COVID-19 Tools (ACT) Accelerator, a partnership of leading agencies that is providing low and middle-income countries with tests, treatments, vaccines, and personal protective equipment.With a significant proportion of the global population still unable to get vaccinated, tested or treated, US$ 16 billion in grant funding is urgently required from governments to fund the work of the ACT-Accelerator agencies. This investment will allow them to procure essential tools to fight COVID-19 and provide them to low- and middle-income countries. The ACT-Accelerator is calling for the support of higher income countries, at a time when vast global disparities in access to COVID-19 tools persist. Over 4.7 billion COVID-19 tests have been administered globally since the

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Will rate cuts spur consumer demand?

The production of consumer durables fell by 33% in March, accompanied by a 16% decline in the output of non-durables. Similar indications are reflected in surveys of the FMCG space, said RBI

Shaktikanta Das India virus covid-19 outbreak

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

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.

Shaktikanta Das India outbreak pandemic economy Coronavirus

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.

Shaktikanta Das India city Mumbai 2020 pandemic economy Coronavirus

Will RBI's move spur consumer demand?

MUMBAI: The off-cycle, 40 basis-point cut in policy rates by the Reserve Bank of India (RBI) is expected to revive the consumption engine after the huge demand destruction brought about by the pandemic-induced lockdown.

Shaktikanta Das India city Mumbai covid-19 2020 Coronavirus

RBI: Inflation outlook highly uncertain, growth remains a concern

MUMBAI: India’s inflation outlook is highly uncertain at the moment and forecasting it has become complicated due to partial release of data by the National Statistical Office (NSO), said Reserve Bank of India (RBI) governor Shaktikanta Das on Friday. More worrisome, however, is the risk to India's economic growth, the governor said.

Shaktikanta Das India city Mumbai 2020 information Government shock

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.

Shaktikanta Das India city Mumbai covid-19 economy

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

Shaktikanta Das India covid-19 2020 economy Government

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.

Shaktikanta Das city New Delhi India covid-19 2020 crisis prevention

RBI extends moratorium on loans for another three months

The RBI today announced a further extension on moratorium of loans by another three months. In March, RBI had also allowed a three-month moratorium on payment of all term loans due between March 1, 2020 and May 31, 2020.

Shaktikanta Das India covid-19 2020

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.

Shaktikanta Das India covid-19 outbreak 2020 economy Coronavirus

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.

Nirmala Sitharaman Shaktikanta Das city New Delhi India covid-19 outbreak economy Coronavirus Updates

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.

Shaktikanta Das India city Mumbai covid-19 pandemic economy crisis FIVE

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

Markets snub RBI rate cuts; rate sensitive stocks decline

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