The Centre has come out with a clarification in regards to a statement made by National Security Advisor (NSA) Ajit Doval at an ashram in Rishikesh yesterday (October 24). The clarification states that Ajit Doval was not talking in the context of the India-China standoff along the LAC in eastern Ladakh but was speaking purely in a civilisational and spiritual context.

Several media houses had projected Doval's statement at the ashram as a remark on China.

Gold prices today fell to Rs 52,890 from Rs 54,100 per 10 gm yesterday, while silver was trending at Rs 62,500 per kg, according to the Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

YES Bank lacked a culture of cost control, and under the new management, the lender is targeting to reduce operational expenses (opex) by 20 per cent in FY21 by rationalising branches and ATMs, giving up unwanted leased spaces, and renegotiating rents, Chief Executive and Managing Director Prashant Kumar has said. The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, Kumar told PTI.

Reliance Industries is rolling back salary cuts for employees of its hydrocarbons division, and is also giving out performance bonus that had been deferred after business was hit by the lockdown.
The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its employees, as a goodwill gesture for working during the pandemic, said two people familiar with the matter.

Kotak Mahindra Bank is exploring a takeover of smaller rival IndusInd Bank, people with knowledge of the matter said, a move that would create the nation’s eighth-largest financial firm by assets.

Uday Kotak, founder and chief executive officer (CEO) of Kotak Mahindra, is looking at the possibility of an all-stock acquisition, one of the people said, asking not to be identified as the talks are private.

With the first phase of Bihar Assembly Elections 2020 scheduled for October 28, the campaigning for the high-decibel polls will conclude on Monday evening.

To convince voters, several key leaders including BJP national president JP Nadda, JD(U) supremo and Bihar Chief Minister Nitish Kumar, Union Minister Smriti Irani, RJD leader Tejashwi Yadav, Lok Janshakti Party (LJP) chief Chirag Paswan will hold election rallies on Monday (October 26), in favour of their party and allies candidates.

Union Defence Minister Rajnath Singh on Sunday (October 25, 2020) reiterated that India is committed to ending the border row with China along the Line of Actual Control in Eastern Ladakh. He also expressed confidence in the Indian Army and said that no one will be able to take even an inch of our land.

Prime Minister Narendra Modi will inaugurate the National Conference on Vigilance and Anti-Corruption on October 27. The inauguration event which is scheduled fo 4:45 PM is based on the theme 'Vigilant India, Prosperous India'. The prime minister will take part in the event through video conferencing.

Organised by the Central Bureau of Investigation (CBI), the Conference coincides with ‘Vigilance Awareness Week’, and is held every year from October 27 to November 2.

The third phase human trial of indigenously developed COVID-19 vaccine 'Covaxin' will soon commence at the Institute of Medical Sciences (IMS) and SUM Hospital in Odisha.

IMS and SUM Hospital is in the list of 21 medical institutes selected across the country by the Indian Council for Medical Research (ICMR) where the third phase trial would be conducted. It is the only institute in Odisha which has been selected for the trial.

The national capital on Friday recorded 4,086 fresh cases of COVID-19, the highest single-day spike here in 34 days, while the death toll from the disease mounted to 6,189.

These fresh cases resulted from 58,568 tests conducted the previous day, pushing the infection tally in the city to over 3.48 lakh.

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