Hit badly by the lower crude oil price, state-run Oil and Natural Gas Corporation (ONGC) has sought a price assurance of $45 a barrel from the government. Owing to the lockdown and Covid-19 impact, the company has also cut its capital expenditure by over 15 per cent or Rs 5,000 crore for 2020-21.

The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.

The coronavirus cases in India continue to spread rapidly as the country has marked significant and consecutive highest jumps in the COVID-19 tally over a major part of the past two weeks. With nearly 10,000 new cases reported in the last 24 hours, India's COVID-19 count on Saturday crossed the three lakh-mark, while the death toll has crossed the 8,800-mark as well.

At 9:30 AM on this day, the COVID-19 tally in the country has reached 3,08,993 cases, which includes 1,45,779 active cases; 1,54,330 cured, discharged, or migrated patients, and 8,884 deaths.

Former Congress president Rahul Gandhi on Friday attacked the Centre over the surge in the cases of novel coronavirus cases in the country.

On Twitter, Gandhi, referring to the country having the highest number of COVID-19 cases after the US, Brazil, and Russia, stated, India is firmly on it`s way to winning the wrong race. A horrific tragedy, resulting from a lethal blend of arrogance and incompetence.

In one more successful anti-terror operation, the Jammu and Kashmir (J&K) police said that two terrorists have been killed in an encounter that broke between security forces and terrorists in the Nipora area of the Kulgam district in south Kashmir, earlier in the morning.

#NiporaKulgamEncounterUpdate: 02 unidentified #terrorists killed. Search going on. Further details shall follow. @JmuKmrPolice Kashmir zone police tweeted.

Former Prime Minister and JD(S) chief HD Deve Gowda, as well as the former leader of the Congress in the Lok Sabha, Mallikarjun Kharge, were among the four candidates for Rajya Sabha from Karanataka who were on Friday declared elected unopposed.

The state's ruling BJP sent to Parliament two MPs - Ashok Gasti and Eranna Kadadi.

Prime Minister Narendra Modi will be holding extensive talks with all the Chief Ministers of states and Union Territories (UTs) on June 16 and 17.

This will be Modi first interaction with the Chief Ministers ever since 'Unlock1' was declared. He earlier had rounds of discussions with the Chief Ministers.

Amid mystery surrounding the firing by Nepal border guards in which one Indian national was killed, the Sashastra Seema Bal (SSB), which mans the border on the Indian side, said it was a completely local issue that has emerged from a local altercation.

Rajesh Chandra, Director General, Sashastra Seema Bal (SSB), said a factual report that has been formed on the basis of preliminary findings has been submitted to the Ministry of Home Affairs (MHA).

The Goods and Services Tax (GST) Council on Friday decided to waive off fees for late filing returns between July 2017 to January this year in a bid to minimise the impact of COVID-19 crisis on micro, small and medium enterprises (MSMEs).

Due to the countrywide lockdown stemming from the coronavirus pandemic, a lot of return filing has been pending and revenue collections have been depressed.

Rajasthan Chief Minister Ashok Gehlot on Friday slammed the BJP and said that the Rajya Sabha elections could have been conducted two months back, but were postponed for no reason but to let BJP complete the horse-trading.

The Congress has accused the BJP of trying to poach ruling party MLAs ahead of the June 19 Rajya Sabha polls.

Mahindra & Mahindra (M&M) on Friday reported a consolidated net loss of Rs 3,255.02 crore for the January-March quarter of financial year 2019-2020.

In the January-March period of 2018-19, the company had posted a net profit of Rs 969.25 crore.

M&M said in a regulatory filing that revenue from operations declined to Rs 9,004.72 crore during the fourth quarter compared with Rs 13,807.88 crore in the same period of corresponding fiscal.

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