RBI Announcements, RBI’s Governor Shaktikanta Das orders banks not to impose any Limitation till 31 December on KYC norms

9:29 am

No need to visit your bank for periodic KYC update till Dec 31

Due to the Second wave of Covid-19 virus, the Reserve Bank of India asked banks and other regulated financial bodies not to impose any limitation against customer for failure to update KYC till 31 December 2021.

RBI Relaxes KYC Norms

The RBI has also decided to increase the scope of video KYC (Know-Your-Customer) or V-CIP (Video-based customer identification process) for a new category of customers such as proprietorship firms, authorized signatories and beneficial owner of legal entities.

“Keeping in view the COVID related restriction in various parts of the country, Regulated Entities are being advised that for the customer account where periodic KYC updating is due/pending, no punitive restriction on operations of customer account(s) shall be imposed till December 31, 2021,” RBI Governor said while announcing steps to deal with the Covid-19 Pandemic.

In his address, Das stressed that RBI stand for the battle of readiness to ensure the financial condition of people remain good and Market can also work more efficiently.

The governor who stated multiple sets of measures in this condition of the second wave of the COVID-19 pandemic, further said that the central bank will continue to be proactive throughout the year – taking small and big steps – to deal with the current situation.

Coronavirus Live Updates: Karnataka has reported over 50,000 fresh cases, and deaths has jumped to 346

7:16 am

Coronavirus (Covid-19) India Lockdown News Live Updates: Karnataka on Wednesday has reported over 50,112 new Covid-19 cases out of which 23,106 cases are reported from Bengaluru. The state has also reported 346 more deaths, out of which 161 is coming out from the capital city Bengaluru. Karnataka now has a positivity rate of 32.28%.

K VijayRaghavan, principal scientific advisor has given a warning that the third wave would be unavoidable quotes “A phase three is inevitable, given the higher level of revolving virus but it is not clear on what time scale the phase three will occur. Vaccines are effective against the current variant.
New variant will arise all over the world and in India too but variant that increase transmission will likely plateau. Immune evasive variant and those with lower or increase disease severity will arise going ahead,” he said.

As soon as taking the oath as the chief minister for the third time, Mamata Banerjee has released a list of new restrictions to tackle the Covid-19 virus in West Bengal. All local trains in the state are suspended from Thursday, From May 7 no air passengers are allowed to enter the state premises without RT-PCR negative reports and not older than 3 days.

People entering Bengal through long-distance train, Inter State buses should carry RT-PCR negative reports. Offices in Bengal should operate with occupancy of 50%. Moreover starting from Thursday banks will function from 10am to 2pm. Metro train and government run transport will only take 50% occupancy.

India has reported a record of 3,780 deaths in the last 24 hours, which is the highest ever toll of deaths since the pandemic has begun. Over 900 deaths recorded from Maharashtra, 338 and 351 are from Delhi and Uttar Pradesh respectively. At least all state has more than 100 deaths recorded so far in 24 hours. Active cases are more than 34.87 lakhs around India.

West Bangal CM : Mamta Banerjee takes the oath as the Chief Minister for the 3rd Time

6:25 pm

Mamata Banerjee, the leader of the Trinamool Congress (TMC) takes the oath as the Chief Minister of West Bengal for the Third consecutive term on Wednesday. She took the oath in her Origin language Bengali. The oath was directed by the governor of Bengal Jagdeep Dhankhar.

TMC secured 213 seats in the eight-phased West Bengal Assembly election while the opposition party Bharatiya Janta Party (BJP) secured 77 seats in the election. “I think all the people who were looking at the Bengal Election. Our first priority is tackling Covid-19, Secondly, I urge all political parties to look around so that violence can be controlled. From today onwards I am taking the law and order into my hands. I will post the police to tackle the situation” she said after taking the oath.

“I will hold a big celebration once the pandemic is over,” she added.

On this occasion, Prime Minister Narendra Modi post a tweet to congratulate Mamata Banerjee on her big win.

Meanwhile, the Governor said their first priority should be to stop this dreadful violence that erupted in the state after the election. “I congratulate Mamata Ji on her third term. Our priority is that we must bring an end to this senseless violence that has affected society at large. I have every hope that the CM on an urgent basis will take all steps to restore rules of law,” said Dhankhar.

Mamata Banerjee took the throne of West Bengal in 2011 where she defeated and ended the 34-year long CPI(M) regime, one of the longest staying elected governments in the world. After ruling the state for over two successive terms, but this time the throne was tumbling which made it a do-or-die situation for her. It was hard this time as BJP had made a very good impact on many regions of Bengal but Mamata’s slogan “Ma Mati Manush” give her an upper hand in overall parties and give her a big win for the 3rd time.

Supreme Court gives deadline 10:30 tommorow amid Delhi Oxygen Crisis

2:35 pm

Delhi oxygen crisis: The Supreme Court has advised the Centre to take inspiration from the “Mumbai Model” to try and ensure fast oxygen supply to Delhi.

The Centre and the state government are doing their best to tackle this oxygen crisis and there is no point to put behind bars official for contempt, The Supreme Court said today while hearing the central government’s plea against a Supreme court order in which Supreme Court advised the Centre to take inspiration from the “Mumbai Model” on fast oxygen supply to Delhi.

The hearing began today in the afternoon after the Centre calls out Supreme Court against the lower court’s threat to order contempt charges against officials for non-compliance of an earlier order
Chief Justice NV Ramana had send the matter before a bench of Justices DY Chandrachud and MR Shah.

“Between the Centre and the state putting officials in jail or hauling them up for contempt, the people of Delhi won’t get oxygen” Supreme Court said “Contempt does not help”

“We had passed order for 700 metric tonnes…we can review it later…we are answerable to the citizen of Delhi which is the best way to ensure 700 tonnes to Delhi?” the Court asked.

On the reply The Central government claimed that Delhi can manage with 500 tonnes of the oxygen, the Court totally disagreed to the point of the Centre saying its orders were 700 tonnes and 550 tonnes will not solve the crisis going in the state.

“We will decide a short order. We give you time till 5pm….tell us which are the sources of supply and how Delhi gets 700 metric tonnes. We do not want contempt proceeding. We want action on the ground” the Court said.

The centre told the court that both the state and the union government were “doing their best”.

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No evaluation on 50% cap on reservation for Maratha citizen: Supreme Court

1:38 pm

New Delhi: The Supreme Court on Wednesday cancel on Maharashtra Law to grant reservation for Maratha for the jobs and admission in educational institution and also passed a judgment that there is no need to re-examine the 1992 verdict capping quota at 50% for citizen of Maharashtra.

A five-judge constitution bench of Justices Ashok Bhushan, L Nageswara Rao, S Abdul Nazeer, Hemant Gupta and S Ravindra Bhat were amicable on the unconstitutionality of Maratha Law and said that Maratha community cannot be declared as socially and educationally backward to permit them
reservation. There were no exceptional conditions and extraordinary situation to clarify the need for 50% cap in granting reservations to Maratha community.

The state Government has mounted the Law on November 30, 2018 permit 16% quota for Maratha community in Government jobs and admission to the educational institutes. While sustaining the law, Bombay High Court on June in Government 27, 2019 directed the Government and brought it down to 12% for education and 13% for jobs as advised by a State-appointed backward class commission headed by Former HC Judge M B Gaikwad.
Condemning the court, the petitioners stated that the HC misinterpreted the SC judgment to conclude that there is no stringent celling limit of 50% reservation as told out in the 1992 Indra Swahney case.

Allowing the appeal, the Apex court cancel the High Court order.
The main part of the bunch of Petitioners condemning the validity of the Maratha quota is that it took the total reservation way more the 50% celling put by the SC on its judgment on Indra Swahney case in November 1992, while sustaining the validity of 27% OBC quota in Government jobs, which
was later extended to admission in educational institute.

The state government however, said that there is no illegality in granting reservation to Maratha community as many other states had permit 50% reservation to their citizen. Many states has supported the Maratha government and advised The SC to review their judgment on the reservation and they should be allowed to decide the amount of reservation they want to give. The Centre has also come in support of Maratha government and told the court that it was a genuine law.

Kangana Ranaut’s Twitter account permanently terminated as she calls out Mamata “Unleashed Monster”

7:15 pm

The tweet posted which appears to boost this action, Kangana Ranaut seems to plea Prime Minister Narendra Modi to “slam” Mamata Banerjee using his “virat roop” and says to “fight Gundai with the help of Gundai” and the post got really fired when she called CM Mamata an “unleashed Monster”.

Social media giant Twitter issued a statement “We’ve been clear that we will take strong enforcement action on the behavior that has the potential to lead to offline harm. The referenced account has been permanently suspended for repeated violation of Twitter rules specifically our hateful Conduct policy. We enforce the Twitter rules judiciously and impartially for everyone on our service”.

Violence spread out in west Bengal as Mamata Banerjee led political party TMC has got a huge victory at the state assembly elections. The BJP office was attacked in which several workers from both the parties have got injured and many of them died. The central government has come up with a report from the state on violence.

Kangana Ranaut has just oiled up the fire of the outrage among the social media user by her hateful post. Many people are happy with the decision by Twitter but many of calling it a “late” action to suspend her account.
It is not the first time Kangana is getting such an amount of hate for her tweets and post she got many warnings on her hateful post in the past. And many temporary restrictions were imposed on her account.

Meanwhile, Kangana Ranaut has issued a statement on her Twitter suspension in which he says “Twitter has only proved my point they’re American & by birth, a white person feels entitled to endure a brown person, they want to tell you what to think, speak or do. I have many platforms I can use to raise my voice, including my own art in the form of cinema”.

Kangana has a long history of putting up hateful posts on social media.
In January, Actor has posted a tweet in which she demands the heads to be taken off the makers of the Amazon Prime series “Tandav” on which twitter has imposed restrictions on her account.

On Tuesday, while many of the user applauded on the step taken by twitter to suspend the account of the actor there where many who are against this step, among them BJP’s Gaurav Goel has demanded for withdrawal of the suspension as fast as possible.

BCCI suspends IPL after many players of the team are found positive for Covid-19

2:10 pm

The most celebrated cricket league IPL(Indian Premier League) has been suspended due to horrible pandemic situation occurred due to Covid-19 and many players are being tested positive, Rajeev Shukla vice-president of BCCI has issued a statement to a news agency ANI saying.

“The most celebrated cricket league IPL(Indian Premier League) has been suspended due to horrible pandemic situation occurred due to Covid-19 and many players are being tested positive, Rajeev Shukla vice-president of BCCI has issued a statement to a news agency ANI saying.

The leagues chairman Brijesh Patel also confirmed the news by issuing a statement to PTI.

“The tournament has been suspended indefinitely. We will try to conduct the in the next available than royals dates but this month its unlikely to happen” said Patel.

This decision came after SunRisers Hydrabad player Wriddhiman Saha was found affected with Covid-19 virus this Tuesday.

The member of the team management said “yes WriddhimanSaha has been tested positive for the coronavirus. Our whole team is now under isolation and there are no other positive reports, rest are all negative”

SRH team was ready to slaughter Mumbai Indians and square off the losses later on Tuesday at the Arjun Jaitley Stadium.

Royals was also postponed after CSK bowling coach L. Balaji also tested positive.

The BCCI presented a release on similar cases in the KKR team and said “Varun Chakravarthy and Sandeep Warrier are found to be tested positive in the third round of testing in the last four days. All other team members have found to be negative for coronavirus”.

“Both the player have isolated themselves from the rest of the team members. The medical team is in continuous touch with the duo and is monitoring the health. Meanwhile, the Kolkata Knight Rider has now started daily routine testing to identify any other possible cases are treat them at the earliest “ added to it.

HIGHLIGHTS: RCB vs RR, Dream11, Match 16, MAN of the Match | RCB Wons

9:48 am

RCB vs RR, Dream11: Match 16, MAN of the Match, RCB Won – Devdutt Paddikal

RCB won by 10 Wickets (21 Balls left)

RAJASTHAN ROYALS 1st INNINGS – RUN RATE: 8.85

Batsmen		Runs	Balls	SR	4s	6s
Jos Buttler	b Mohammed Siraj	8	8	100	2	0
Manan Vohra	c Kane Richardson b Kyle Jamieson	7	9	77.77	1	0
Sanju Samson	c Glenn Maxwell b Washington Sundar	21	18	116.66	2	1
David Miller	lbw Mohammed Siraj	0	2	0	0	0
Shivam Dube	c Glenn Maxwell b Kane Richardson	46	32	143.75	5	2
Riyan Parag	c Yuzvendra Chahal b Harshal Patel	25	16	156.25	4	0
Rahul Tewatia	c Shahbaz Ahmed b Mohammed Siraj	40	23	173.91	4	2
Chris Morris	c Yuzvendra Chahal b Harshal Patel	10	7	142.85	0	1
Shreyas Gopal	NOT OUT	7	4	175	0	1
Chetan Sakariya	c AB de Villiers b Harshal Patel	0	1	0	0	0
Mustafizur Rahman	NOT OUT	0	0	0	0	0
EXTRAS	(nb 0, w 8, b 5, lb 0, pen 0)	13
TOTAL	(9 wickets; 20 overs)	177

FALL OF WICKETS :

1-14 (Buttler, 2.3 ov)

2-16 (Vohra, 3.5 ov)

3-18 (Miller, 4.3 ov)

4-43 (Samson, 7.2 ov)

5-109 (Parag, 13.3 ov)

6-133 (Dube, 15.3 ov)

7-170 (Tewatia, 18.6 ov)

8-170 (Morris, 19.1 ov)

9-170 (Sakariya, 19.2 ov)

Bowler	O	R	W	Econ	Dots
Mohammed Siraj	4	27	3	6.75	16
Kyle Jamieson	4	28	1	7	11
Kane Richardson	3	29	1	9.66	5
Yuzvendra Chahal	2	18	0	9	5
Washington Sundar	3	23	1	7.66	4
Harshal Patel	4	47	3	11.75	8

RCB 2nd INNINGS – RUN RATE: 10.96

Batsmen		Runs	Balls	SR	4s	6s
Virat Kohli	NOT OUT	72	47	153.19	6	3
Devdutt Padikkal	NOT OUT	101	52	194.23	11	6
EXTRAS	(nb 0, w 6, b 1, lb 1, pen 0)	8
TOTAL	(0 wickets; 16.3 overs)	181

DID NOT BAT:

Shahbaz Ahmed

Glenn Maxwell

AB de Villiers

Washington Sundar

Kyle Jamieson

Harshal Patel

Kane Richardson

Mohammed Siraj

Yuzvendra Chahal

Bowler	O	R	W	Econ	Dots
Shreyas Gopal	3	35	0	11.66	6
Chetan Sakariya	4	35	0	8.75	7
Chris Morris	3	38	0	12.66	2
Mustafizur Rahman	3.3	34	0	9.71	8
Rahul Tewatia	2	23	0	11.5	2
Riyan Parag	1	14	0	14	0

Man Of The Match : Devdutt Paddikal

HIGHLIGHTS, CSK vs RR, Dream11, Match 12, MAN of the Match | CSK Wins

7:13 pm

HIGHLIGHTS, CSK vs RR, Dream11: Match 12, MAN of the Match | CSK Wins

Chennai Super Kings won by 45 runs

CHENNAI SUPER KINGS INNINGS – RUN RATE: 9.40

Batsmen		Runs	Balls	SR	4s	6s
Ruturaj Gaikwad	c Shivam Dube b Mustafizur Rahman	10	13	76.92	1	0
Faf du Plessis	c Riyan Parag b Chris Morris	33	17	194.11	4	2
Moeen Ali	c Riyan Parag b Rahul Tewatia	26	20	130	1	2
Suresh Raina	c Chris Morris b Chetan Sakariya	18	15	120	1	1
Ambati Rayudu	c Riyan Parag b Chetan Sakariya	27	17	158.82	0	3
Ravindra Jadeja	c Sanju Samson b Chris Morris	8	7	114.28	1	0
MS Dhoni	c Jos Buttler b Chetan Sakariya	18	17	105.88	2	0
Sam Curran	run out (Mustafizur Rahman/Sanju Samson)	13	6	216.66	0	1
Dwayne Bravo	NOT OUT	20	8	250	2	1
Shardul Thakur	run out (Sanju Samson/Mustafizur Rahman)	1	1	100	0	0
Deepak Chahar	NOT OUT	0	0	0	0	0
EXTRAS	(nb 1, w 8, b 1, lb 4, pen 0)	14
TOTAL	(9 wickets; 20 overs)	188

Bowler	O	R	W	Econ	Dots
Jaydev Unadkat	4	40	0	10	7
Chetan Sakariya	4	36	3	9	9
Mustafizur Rahman	4	37	1	9.25	9
Chris Morris	4	33	2	8.25	11
Rahul Tewatia	3	21	1	7	8
Riyan Parag	1	16	0	16	2

FALL OF WICKETS :

1-30 (Vohra, 3.5 ov)

2-45 (Samson, 5.5 ov)

3-87 (Buttler, 11.1 ov)

4-90 (Dube, 11.6 ov)

5-92 (Miller, 12.5 ov)

6-95 (Parag, 14.1 ov)

7-95 (Morris, 14.3 ov)

8-137 (Tewatia, 18.6 ov)

9-143 (Unadkat, 19.2 ov)

RAJASTHAN ROYALS 2nd INNINGS – RUN RATE: 7.15

Batsmen		Runs	Balls	SR	4s	6s
Jos Buttler	b Ravindra Jadeja	49	35	140	5	2
Manan Vohra	c Ravindra Jadeja b Sam Curran	14	11	127.27	1	1
Sanju Samson	c Dwayne Bravo b Sam Curran	1	5	20	0	0
Shivam Dube	lbw Ravindra Jadeja	17	20	85	2	0
David Miller	lbw Moeen Ali	2	5	40	0	0
Riyan Parag	c Ravindra Jadeja b Moeen Ali	3	7	42.85	0	0
Rahul Tewatia	c Ruturaj Gaikwad b Dwayne Bravo	20	15	133.33	0	2
Chris Morris	c Ravindra Jadeja b Moeen Ali	0	2	0	0	0
Jaydev Unadkat	c Ravindra Jadeja b Shardul Thakur	24	17	141.17	2	1
Chetan Sakariya	NOT OUT	0	0	0	0	0
Mustafizur Rahman	NOT OUT	0	4	0	0	0
EXTRAS	(nb 1, w 8, b 1, lb 3, pen 0)	13
TOTAL	(9 wickets; 20 overs)	143

Bowler	O	R	W	Econ	Dots
Deepak Chahar	3	32	0	10.66	7
Sam Curran	4	24	2	6	14
Shardul Thakur	3	20	1	6.66	9
Ravindra Jadeja	4	28	2	7	9
Dwayne Bravo	3	28	1	9.33	8
Moeen Ali	3	7	3	2.33	11

FALL OF WICKETS

1-30 (Vohra, 3.5 ov)

2-45 (Samson, 5.5 ov)

3-87 (Buttler, 11.1 ov)

4-90 (Dube, 11.6 ov)

5-92 (Miller, 12.5 ov)

6-95 (Parag, 14.1 ov)

7-95 (Morris, 14.3 ov)

8-137 (Tewatia, 18.6 ov)

9-143 (Unadkat, 19.2 ov)

MAN of the Match : Ravindra Jadeja

HIGHLIGHTS: PKBS vs DC, Dream11, Match 11, MAN of the Match, DC Wins

6:54 pm

Delhi Capital: PKBS vs DC, Match 11, MAN of the Match, DC Wins

Delhi Capitals won by 6 wickets

PUNJAB KINGS 1st INNINGS – Run Rate 9.75

Batsmen		Runs	Balls	SR	4s	6s
KL Rahul	c Marcus Stoinis b Kagiso Rabada	61	51	119.6	7	2
Mayank Agarwal	c Shikhar Dhawan b Lukman Meriwala	69	36	191.66	7	4
Chris Gayle	c sub (Ripal Patel) b Chris Woakes	11	9	122.22	0	1
Deepak Hooda	NOT OUT	22	13	169.23	0	2
Nicholas Pooran	c Kagiso Rabada b Avesh Khan	9	8	112.5	1	0
Shahrukh Khan	NOT OUT	15	5	300	2	1
EXTRAS	(nb 2, w 0, b 0, lb 6, pen 0)	8
TOTAL	(4 wickets; 20 overs)	195

YET TO BAT: Jalaj Saxena, Jhye Richardson, Mohammad Shami, Riley Meredith, Arshdeep Singh

Bowler	O	R	W	Econ	Dots
Chris Woakes	4	42	1	10.5	9
Lukman Meriwala	3	32	1	10.66	6
Ravichandran Ashwin	4	28	0	7	7
Kagiso Rabada	4	43	1	10.75	8
Lalit Yadav	1	11	0	11	1
Avesh Khan	4	33	1	8.25	9

FALL OF WICKETS :

1-59 (Shaw, 5.3 ov)

2-107 (Smith, 10.6 ov)

3-152 (Dhawan, 14.5 ov)

4-180 (Pant, 17.1 ov)

Delhi Capital 2nd Inning – Run Rate 10.80

Batsmen		Runs	Balls	SR	4s	6s
Prithvi Shaw	c Chris Gayle b Arshdeep Singh	32	17	188.23	3	2
Shikhar Dhawan	b Jhye Richardson	92	49	187.75	13	2
Steve Smith	c Jhye Richardson b Riley Meredith	9	12	75	0	0
Rishabh Pant	c Deepak Hooda b Jhye Richardson	15	16	93.75	0	1
Marcus Stoinis	NOT OUT	27	13	207.69	3	1
Lalit Yadav	NOT OUT	12	6	200	2	0
EXTRAS	(nb 3, w 6, b 0, lb 2, pen 0)	11
TOTAL	(4 wickets; 18.2 overs)	198

DID NOT BAT: Chris Woakes , Ravichandran Ashwin , Kagiso Rabada , Avesh Khan , Lukman Meriwala

Bowler	O	R	W	Econ	Dots
Arshdeep Singh	3	22	1	7.33	3
Mohammad Shami	4	53	0	13.25	8
Jalaj Saxena	3	27	0	9	5
Jhye Richardson	4	41	2	10.25	8
Deepak Hooda	2	18	0	9	1
Riley Meredith	2.2	35	1	15	4

FALL OF WICKETS :

1-59 (Shaw, 5.3 ov)

2-107 (Smith, 10.6 ov)

3-152 (Dhawan, 14.5 ov)

4-180 (Pant, 17.1 ov)

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RCB vs RR, Dream11: Match 16, MAN of the Match, RCB Won – Devdutt Paddikal

RCB won by 10 Wickets (21 Balls left)

RAJASTHAN ROYALS 1st INNINGS – RUN RATE: 8.85

FALL OF WICKETS :

RCB 2nd INNINGS – RUN RATE: 10.96

DID NOT BAT:

Man Of The Match : Devdutt Paddikal

HIGHLIGHTS, CSK vs RR, Dream11: Match 12, MAN of the Match | CSK Wins

Chennai Super Kings won by 45 runs

CHENNAI SUPER KINGS INNINGS – RUN RATE: 9.40

FALL OF WICKETS :

RAJASTHAN ROYALS 2nd INNINGS – RUN RATE: 7.15

FALL OF WICKETS

MAN of the Match : Ravindra Jadeja

Delhi Capital: PKBS vs DC, Match 11, MAN of the Match, DC Wins

Delhi Capitals won by 6 wickets

PUNJAB KINGS 1st INNINGS – Run Rate 9.75

YET TO BAT: Jalaj Saxena, Jhye Richardson, Mohammad Shami, Riley Meredith, Arshdeep Singh

FALL OF WICKETS :

Delhi Capital 2nd Inning – Run Rate 10.80

DID NOT BAT: Chris Woakes , Ravichandran Ashwin , Kagiso Rabada , Avesh Khan , Lukman Meriwala

FALL OF WICKETS :

MAN of The Match: Shikhar Dhawan with One Lakh Rupees

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