LIVE news updates: RBI increases withdrawal limit to Rs 40k for PMC Bank depositors

The Reserve Bank of India (RBI) has enhanced withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) Bank Ltd to Rs 40,000 from the earlier Rs 25,000, over six months.

Initially, the RBI had limited the withdrawal to just Rs 1,000 in six months. It was raised to Rs 10,000 and then to Rs 25,000 after angry protests by hapless depositors.

The development came two days after angry customers of the scam-hit bank shouted slogans in the presence of Union Finance Minister Nirmala Sitharaman outside BJP office in Mumbai.

In a related development, the Enforcement Directorate (ED) seized and identified movable and immovable assets worth more than Rs 3,830 crores owned by Housing Development and Infrastructure Limited (HDIL), its directors, promoters, PMC Bank officials and others related entities in the PMC Bank fraud case.

India were able to defend a modest 146 by bowling out South Africa for 140 in 48 overs.

The accused, a sugar mill employee, lost his temper and poured kerosene over his wife before setting her on fire, police said.

Directorate General of Civil Aviation (DGCA) suspends Flying Training Organisation (FTO) approval granted to Wings Aviation Pvt Ltd, Begumpet Airport, Hyderabad, after two trainee pilots died in aircraft crash in Vikarabad district on 6th october.

The trade unions are questioning discrimination between workers and executives in proposed pay hikes for workers and the hikes implemented for executives in the firm.

Congress leader Rahul Gandhi on Monday congratulated Indian-American Abhijit Banerjee for winning this year’s Nobel Prize for Economics.

“Congratulations to #AbhijitBanerjee on winning the Nobel Prize in Economics. Abhijit helped conceptualise NYAY that had the power to destroy poverty and boost the Indian economy,” Rahul Gandhi said in a tweet.

“Instead, we now have Modinomics, that’s destroying the economy and boosting poverty,” he added.

Banerjee, his wife Esther Duflo and Michael Kremer jointly won the 2019 Nobel Economics Prize on Monday "for their experimental approach to alleviating global poverty."

Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University.

A Delhi court on Monday reserved order for tomorrow on ED's plea seeking to arrest former Union finance minister P. Chidambaram in the INX Media alleged money laundering case.

The Supreme Court has directed Uttar Pradesh government to provide security to UP Sunni Waqf Board chairman Zufar Ahmad Farooqui. Farooqui had informed the court's 5-judge Constitution bench that he feared for his life.

Indian-American Abhijit Banerjee, Esther Duflo and Michael Kremer jointly won the 2019 Nobel Economics Prize on Monday "for their experimental approach to alleviating global poverty."

Sourav Ganguly after filing his nomination for post of BCCI President, in Mumbai says, To be in a position where I can make a difference along with team would be extremely satisfying. Hopefully in next few months we can put everything in place & bring back normalcy in Indian cricket.

Naseeruddin Chishti, part of Sufi delegation visiting J&K,in Srinagar says, India is the best country for Muslims. Pakistan PM's call for jihad is shameful. Pakistan should go and fight in Palestine or China if so interested, we don't need their advice.

“I am deeply saddened and hurt after hearing about death of 11 people in cylinder blast in Mau, Uttar Pradesh. May God give the grieving families strength in this tough hours,” tweeted Congress General Secretary Priyanka Gandhi

One person was killed and two others were injured when the motorcycle they were travelling on was hit by a truck near Munshiganj crossing, police said on Monday.

Postpaid mobile services on all networks were restored in the Kashmir Valley on Monday, 72 days after they were snapped following restrictions.

Some 40 lakh postpaid mobile phones have become operational from Monday noon.

Supreme Court's five-judge Constitution bench, headed by Chief Justice of India (CJI) Ranjan Gogoi, starts today's hearing in the Ayodhya land case. Today is the 38th day of hearing

All India HAL Trade Unions Coordination Committee (AIHALTUCC) had on Sunday announced the indefinite strike after talks with the management ended in failure.

"We are observing strike in all nine units of HAL all over India. More than 10,000 employees here are on strike and as a result work has come to a standstill," the AIHALTUCC chief convener Suryadevara Chandrashekhar told PTI.

In a shocking incident, a man was allegedly beaten to death by a group of people in Uttar Pradesh's Meerut city after his motorcycle hit a boy. Two other persons, who were on the motorcycle, have been admitted to a hospital after they suffered serious injuries in the accident on Sunday. Around 20 people were seen beating the man who died

Equity benchmark BSE Sensex rose over 150 points on Monday led by gains in HDFC Bank, ITC and HUL, amid positive global cues and foreign fund inflow.

After opening on a volatile note, the 30-share index swung over 200 points in early trade. It was trading 105.79 points, or 0.28 per cent, higher at 38,232.87 at 0945 hours. Similarly, the broader NSE Nifty rose 34 points, or 0.32 per cent, to 11,340.80.

The Ayodhya district administration has tightened curbs imposed under Section 144 till December 10, as protracted hearing in the politically sensitive Ram Janmbhoomi-Babri Masjid land dispute at Ayodhya will enter into the crucial final leg on Monday when the Supreme Court resumes proceedings on the 38th day after the week-long Dussehra break.

Posting a copy of the latest order on his Twitter account, District Magistrate Anuj K Jha wrote: “The order has been issued considering safety and security of Ayodhya and those visiting here…”

In another post, Jha wrote: “I must add that already there is another order in force since 31.08.2019 covering aspects of unlawful assemblies and undesirable activities. The order dated 12.10.2019 has been issued to cover a couple of points which were not there in the earlier order.”

The latest order prohibits the use of unmanned aerial vehicles in the area without permission. It also bars boating in the district, and the sale and manufacture of fire crackers.