Prime Minister Narendra Modi on Saturday called upon newly-elected BJP MPs to take the work done by the government to the grassroots and said that they should increase their involvement in social activities as it will improve their connect with people.

He made the remarks at the inaugural event of the two-day orientation programme for BJP MPs.

Sources said Modi told the MPs to remain in touch with ministers to get a better idea of government schemes.

Modi sat among the MPs after his brief introductory remarks. He is expected to make his concluding remarks on Sunday.Sources said that BJP working president J P Nadda spoke on 'Hamara Vichar Aur Naye Bharat Ki Sankalpna'&nbsp;(Our thoughts and vision to build a New India) and spoke in detail about government schemes and their string linkage with masses.

He said the effort should be to see that the benefits reach all the intended beneficiaries.

The party's general secretary Bhupender Yadav briefed the MPs about the parliamentary procedures and practices and urged members to make the best use of their time in Parliament.

Minister of State for Parliamentary Affairs Arjun Ram Meghwal spoke on how the members can make the best use of MP Local Area Development Scheme (MPLADS).&nbsp;

&nbsp;

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Prime Minister Narendra Modi on Saturday called upon newly-elected BJP MPs to take the work done by the government to the grassroots and said that they should increase their involvement in social activities as it will improve their connect with people.

Prime Minister Narendra Modi on Saturday called upon newly-elected BJP MPs to take the work done by the government to the grassroots and said that they should increase their involvement in social activities as it will improve their connect with people. He made the remarks at the inaugural event of the two-day orientation programme for BJP MPs. Sources said Modi told the MPs to remain in touch with ministers to get a better idea of government schemes. Modi sat among the MPs after his brief introductory remarks. He is expected to make his concluding remarks on Sunday.Sources said that BJP working president J P Nadda spoke on 'Hamara Vichar Aur Naye Bharat Ki Sankalpna' (Our thoughts and vision to build a New India) and spoke in detail about government schemes and their string linkage with masses. He said the effort should be to see that the benefits reach all the intended beneficiaries. The party's general secretary Bhupender Yadav briefed the MPs about the parliamentary procedures and practices and urged members to make the best use of their time in Parliament. Minister of State for Parliamentary Affairs Arjun Ram Meghwal spoke on how the members can make the best use of MP Local Area Development Scheme (MPLADS).

PM Modi asks party MPs to take government work to grassroots

Time and again the world seemed divided on the Kashmir issue. <a href="https://www.wionews.com/world/pm-modi-imran-are-fantastic-people-if-they-want-i-can-intervene-in-kashmir-issue-trump-240059">While some world leaders delved into the matter</a>, many steered clear of the issue. &nbsp;

Trump spoke on the issue and so did his predecessor Obama. But each time India responded predictably, maintaining that <a href="https://www.wionews.com/india-news/conveyed-to-america-in-clear-terms-that-discussion-on-kashmir-only-with-pakistan-s-jaishankar-240082">Kashmir is a bilateral issue</a> with Pakistan which requires no mediation from any third party and that the Simla and the Lahore pacts with the neighbouring South Asian nation are in place for bilateral talks. &nbsp;

Like Trump, Obama too could not resist wading into the <a href="https://www.wionews.com/india-news/pakistans-attempts-are-being-thwarted-no-one-will-be-allowed-to-disrupt-peace-in-jammu-and-kashmir-indian-army-240171">Kashmir controversy</a>. And again like Trump, Obama too linked the situation in Afghanistan to the resolution of the Kashmir issue.

In an interview, almost a decade back in 2008, former US President Barack Obama had said that “the most important thing we’re going to have to do with respect to Afghanistan is actually a deal with Pakistan... We should probably try to facilitate a better understanding between Pakistan and India and try to resolve the Kashmir crisis so that they can stay focused not on India but on the situation with those militants."

After Obama became the US president, he once again invoked the Kashmir issue.&nbsp;

At a joint news conference with then Indian Prime Minister Manmohan Singh in November 2010, Obama said that Washington would be happy to play a role to improve India-Pakistan relations.

Obama qualified it by saying that the US cannot impose a solution.

Singh, however, was quick to point out that the US cannot simultaneously be talking and at the same time the terror machine in Pakistan remains as active as ever.

Other world leaders too had attempted to intervene in the South Asian situation, only to eventually fall in line.&nbsp;

For instance, the United Kingdom had acknowledged that the bilateral dialogue, in accordance with the Simla agreement and reiterated in the Lahore declaration, is the only way to address all bilateral issues between India and Pakistan, including the issue of Kashmir.&nbsp;

In January 2018, United Nations chief Antonio Guterres ruled out mediation to resolve the Kashmir issue, unless all parties agree to it.

Guterres asked India and Pakistan to address their outstanding issues through talks amidst heightened tensions along the border.

Time and again the world seemed divided on the Kashmir issue. While some world leaders delved into the matter, many steered clear of the issue. Trump spoke on the issue and so did his predecessor Obama.

Time and again the world seemed divided on the Kashmir issue. While some world leaders delved into the matter, many steered clear of the issue. Trump spoke on the issue and so did his predecessor Obama. But each time India responded predictably, maintaining that Kashmir is a bilateral issue with Pakistan which requires no mediation from any third party and that the Simla and the Lahore pacts with the neighbouring South Asian nation are in place for bilateral talks. Like Trump, Obama too could not resist wading into the Kashmir controversy. And again like Trump, Obama too linked the situation in Afghanistan to the resolution of the Kashmir issue. In an interview, almost a decade back in 2008, former US President Barack Obama had said that “the most important thing we’re going to have to do with respect to Afghanistan is actually a deal with Pakistan... We should probably try to facilitate a better understanding between Pakistan and India and try to resolve the Kashmir crisis so that they can stay focused not on India but on the situation with those militants." After Obama became the US president, he once again invoked the Kashmir issue. At a joint news conference with then Indian Prime Minister Manmohan Singh in November 2010, Obama said that Washington would be happy to play a role to improve India-Pakistan relations. Obama qualified it by saying that the US cannot impose a solution. Singh, however, was quick to point out that the US cannot simultaneously be talking and at the same time the terror machine in Pakistan remains as active as ever. Other world leaders too had attempted to intervene in the South Asian situation, only to eventually fall in line. For instance, the United Kingdom had acknowledged that the bilateral dialogue, in accordance with the Simla agreement and reiterated in the Lahore declaration, is the only way to address all bilateral issues between India and Pakistan, including the issue of Kashmir. In January 2018, United Nations chief Antonio Guterres ruled out mediation to resolve the Kashmir issue, unless all parties agree to it. Guterres asked India and Pakistan to address their outstanding issues through talks amidst heightened tensions along the border.

From Trump to Obama, world leaders and their stance on Kashmir issue

President Donald Trump and Britain's new Conservative prime minister, <a href="https://www.wionews.com/opinions/remain-alliance-can-it-halt-brexit-and-beat-boris-johnson-240152">Boris Johnson</a>, have discussed trade and the growing struggle for control of emerging 5G technology, the White House said Friday.

In the call made Thursday, <a href="https://www.wionews.com/world/boris-johnson-would-do-great-job-as-british-pm-donald-trump-237196">Trump and Johnson </a>discussed "areas of further cooperation, especially relating to trade, 5G, and global security," White House spokesman Hogan Gidley said in a statement.

This was the second call between the two leaders made public in a week and underlines the Trump administration's support for Johnson as he tries to manage Britain's risky exit from the European Union.

Trump said last week that a "very substantial" US-British trade deal was under discussion.

Watch: Is Boris Johnson 'The British' Trump?

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In Thursday's call, <a href="https://www.wionews.com/world/they-call-him-britains-trump-says-us-president-on-boris-johnson-238131">Trump</a> "reiterated his strong appreciation for the special relationship between the United States and United Kingdom and noted he is looking forward to meeting with the Prime Minister at the G7 Summit in Biarritz, France later this month," the White House said.

The United States is leaning hard on allies to keep out Chinese companies from the fast emerging 5G cellular market, arguing that they pose a security risk.

Earlier last month, US President Donald Trump said that Boris Johnson would do a "great job" as the UK PM.

"I like him," Trump told reporters in the Oval Office.

"He is going to do a great job," the Republican president added. "We get along well."

"He's a different kind of a guy, but they say I'm a different kind of a guy too. <a href="https://www.wionews.com/world/boris-johnson-would-do-great-job-as-british-pm-donald-trump-237196">We get along well</a>. I think we'll have a very good relationship," Trump told reporters.

Meanwhile, Britain's Boris <a href="http://wionews.com/world/british-prime-minister-boris-johnson-suffers-first-leadership-blow-in-by-election-240049">Johnson lost his first major test as prime minister</a> on Friday when his candidate lost to a pro-EU rival in a by-election that could narrow his parliamentary majority to one.

Thursday's vote in the Welsh sheep farming community of Brecon and Radnorshire offered a stark choice between a Brexit-backing candidate from Johnson's Conservative party and a Liberal Democrat who wants to preserve Britain's four-decade stay in the EU.

Johnson dropped by the region on Tuesday to help out Chris Davies -- a Conservative MP who was forced to step down after becoming embroiled in an expanses scandal.

Davies protested his innocense and contested the seat again but the Liberal Democrats' Jane Dodds received 13,826 votes to Davies' 12,401 after having two smaller pro-EU parties back her bid.

The result extends a recent revival for the Liberal Democrats at the major parties' expense.

President Donald Trump and Britain's new Conservative prime minister, Boris Johnson, have discussed trade and the growing struggle for control of emerging 5G technology, the White House said Friday.

President Donald Trump and Britain's new Conservative prime minister, Boris Johnson, have discussed trade and the growing struggle for control of emerging 5G technology, the White House said Friday. In the call made Thursday, Trump and Johnson discussed "areas of further cooperation, especially relating to trade, 5G, and global security," White House spokesman Hogan Gidley said in a statement. This was the second call between the two leaders made public in a week and underlines the Trump administration's support for Johnson as he tries to manage Britain's risky exit from the European Union. Trump said last week that a "very substantial" US-British trade deal was under discussion. Watch: Is Boris Johnson 'The British' Trump? × In Thursday's call, Trump "reiterated his strong appreciation for the special relationship between the United States and United Kingdom and noted he is looking forward to meeting with the Prime Minister at the G7 Summit in Biarritz, France later this month," the White House said. The United States is leaning hard on allies to keep out Chinese companies from the fast emerging 5G cellular market, arguing that they pose a security risk. Earlier last month, US President Donald Trump said that Boris Johnson would do a "great job" as the UK PM. "I like him," Trump told reporters in the Oval Office. "He is going to do a great job," the Republican president added. "We get along well." "He's a different kind of a guy, but they say I'm a different kind of a guy too. We get along well. I think we'll have a very good relationship," Trump told reporters. Meanwhile, Britain's Boris Johnson lost his first major test as prime minister on Friday when his candidate lost to a pro-EU rival in a by-election that could narrow his parliamentary majority to one. Thursday's vote in the Welsh sheep farming community of Brecon and Radnorshire offered a stark choice between a Brexit-backing candidate from Johnson's Conservative party and a Liberal Democrat who wants to preserve Britain's four-decade stay in the EU. Johnson dropped by the region on Tuesday to help out Chris Davies -- a Conservative MP who was forced to step down after becoming embroiled in an expanses scandal. Davies protested his innocense and contested the seat again but the Liberal Democrats' Jane Dodds received 13,826 votes to Davies' 12,401 after having two smaller pro-EU parties back her bid. The result extends a recent revival for the Liberal Democrats at the major parties' expense.

Trump, Johnson discuss 5G and trade ahead of G7: White House

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Friday said that India's growing energy sector has become attractive for foreign investors.Speaking at an event here, Pradhan said India received funding from sovereign wealth funds, pension funds, long-term strategic investors from Western and Asian countries and the Middle East.

"The economy that is projected to grow at more than 7 per cent will attract more funding. Many companies have successfully raised funding through overseas bond market and this funding route is likely to grow manifold going forward," he said.

The union minister said that India's upstream sector is an important focus area of the government. Several transformative policy reforms have been undertaken to revitalize the E&amp;P ecosystem and establish a conducive business environment, which would facilitate more investment and boost domestic oil and gas production, Pradhan said.

"The key policy reforms undertaken to augment the domestic oil and gas production include the policy of uniform licensing, marketing and pricing freedom to the operators, availability of comprehensive data to the investors to take informed decisions and fiscal incentives with the thrust on production enhancement," he added.

On the issue of energy landscape, the minister said that it is passing through a big change-making way for clean energy technologies.

"In a drive to provide energy access to all in a sustainable manner, our government has taken a big responsibility by making global commitment to reduce emissions intensity of its GDP by 33-35 per cent from 2005 levels," Pradhan said.

"One of the main strategies India is planning to adopt towards achieving this goal is by having 40 per cent electricity generation capacity from non-fossil fuel-based energy resources by 2030,&nbsp;he added.

He said that the government is committed towards clean energy, which extends beyond just electricity.

"More than 75 million LPG connections have been provided under the Ujjwala Yojana so far, which has resulted in enhancing the LPG penetration in India to around 95 per cent as against 56 per cent in May 2014. The Pradhan Mantri Ujjwala Yojana has saved millions of women and children from the health hazards of smoky kitchens," the minister remarked.

Appreciating the oil and gas companies for investing in developing renewable energy projects for self-consumption and for supplying to the grid, Pradhan said that oil marketing companies are providing soft loans and subsidies to petrol pump dealers to install solar rooftops.

Speaking on the bio-diesel programme, the minister said, "I am confident that we will soon be rolling out initiatives to enable achievement of 5 per cent biodiesel blended diesel across country."

"We will promote electric vehicles, but it will be holistic and integrated planning, where I have mentioned in my recent statements that all forms of transportation, which are clean and affordable, will be considered in our energy policy," Pradhan further said.&nbsp;

 
&nbsp;

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Friday said that India's growing energy sector has become attractive for foreign investors.Speaking at an event here, Pradhan said India received funding from sovereign wealth funds, pension funds, long-term strategic investors from Western and Asian countries and the Middle East.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Friday said that India's growing energy sector has become attractive for foreign investors.Speaking at an event here, Pradhan said India received funding from sovereign wealth funds, pension funds, long-term strategic investors from Western and Asian countries and the Middle East. "The economy that is projected to grow at more than 7 per cent will attract more funding. Many companies have successfully raised funding through overseas bond market and this funding route is likely to grow manifold going forward," he said. The union minister said that India's upstream sector is an important focus area of the government. Several transformative policy reforms have been undertaken to revitalize the E&P ecosystem and establish a conducive business environment, which would facilitate more investment and boost domestic oil and gas production, Pradhan said. "The key policy reforms undertaken to augment the domestic oil and gas production include the policy of uniform licensing, marketing and pricing freedom to the operators, availability of comprehensive data to the investors to take informed decisions and fiscal incentives with the thrust on production enhancement," he added. On the issue of energy landscape, the minister said that it is passing through a big change-making way for clean energy technologies. "In a drive to provide energy access to all in a sustainable manner, our government has taken a big responsibility by making global commitment to reduce emissions intensity of its GDP by 33-35 per cent from 2005 levels," Pradhan said. "One of the main strategies India is planning to adopt towards achieving this goal is by having 40 per cent electricity generation capacity from non-fossil fuel-based energy resources by 2030, he added. He said that the government is committed towards clean energy, which extends beyond just electricity. "More than 75 million LPG connections have been provided under the Ujjwala Yojana so far, which has resulted in enhancing the LPG penetration in India to around 95 per cent as against 56 per cent in May 2014. The Pradhan Mantri Ujjwala Yojana has saved millions of women and children from the health hazards of smoky kitchens," the minister remarked. Appreciating the oil and gas companies for investing in developing renewable energy projects for self-consumption and for supplying to the grid, Pradhan said that oil marketing companies are providing soft loans and subsidies to petrol pump dealers to install solar rooftops. Speaking on the bio-diesel programme, the minister said, "I am confident that we will soon be rolling out initiatives to enable achievement of 5 per cent biodiesel blended diesel across country." "We will promote electric vehicles, but it will be holistic and integrated planning, where I have mentioned in my recent statements that all forms of transportation, which are clean and affordable, will be considered in our energy policy," Pradhan further said.

India's growing energy sector has become attractive for foreign investors: Dharmendra Pradhan

The primary postmortem report of Indian coffee baron and <a href="https://www.wionews.com/india-news/the-rise-and-fall-of-cafe-coffee-day-founder-vg-siddhartha-239854">founder of Cafe Coffee Day, VG Siddhartha</a>, confirms death due to drowning and has ruled out any foul play.&nbsp;

Wenlock district hospital in Mangalore filed the report on Friday mentioning the presence of water in Siddhartha, thereby indicating death due to drowning.

Watch: What led to the downfall of CCD founder VG Siddhartha

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Siddhartha was found dead in the Netravathi river in the coastal city of Mangalore on Wednesday. His body was found by fishermen at 6.30am near Hoige Bazaar, a short distance away from the bridge where he went missing.

Indian coffee baron was credited with the opening and expansion of the country's first coffee chain Cafe Coffee Day (CCD).

The very first outlet was opened at Bengaluru's Brigade Road in 1996. CCD was India's first food and beverages outlet in India to offer high-speed internet to its customers.

The 58-year-old businessman was the son-in-law of former Karnataka Chief Minister SM Krishna.

Union Minister of Parliamentary Affairs and BJP leader Pralhad Joshi had on Wednesday said that an inquiry will be conducted into Siddhartha's death.&nbsp;

The primary postmortem report of Indian coffee baron and founder of Cafe Coffee Day, VG Siddhartha, confirms death due to drowning and has ruled out any foul play.

The primary postmortem report of Indian coffee baron and founder of Cafe Coffee Day, VG Siddhartha, confirms death due to drowning and has ruled out any foul play. Wenlock district hospital in Mangalore filed the report on Friday mentioning the presence of water in Siddhartha, thereby indicating death due to drowning. Watch: What led to the downfall of CCD founder VG Siddhartha Siddhartha was found dead in the Netravathi river in the coastal city of Mangalore on Wednesday. His body was found by fishermen at 6.30am near Hoige Bazaar, a short distance away from the bridge where he went missing. Indian coffee baron was credited with the opening and expansion of the country's first coffee chain Cafe Coffee Day (CCD). The very first outlet was opened at Bengaluru's Brigade Road in 1996. CCD was India's first food and beverages outlet in India to offer high-speed internet to its customers. The 58-year-old businessman was the son-in-law of former Karnataka Chief Minister SM Krishna. Union Minister of Parliamentary Affairs and BJP leader Pralhad Joshi had on Wednesday said that an inquiry will be conducted into Siddhartha's death.

Cafe Coffee Day founder VG Siddhartha's primary postmortem report suggests death due to drowning, no foul play

State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as the country's largest lender by assets missed expectations for quarterly profit.

Rivals HDFC Bank Ltd and ICICI Bank Ltd too have warned of the negative impact of India's ongoing economic slowdown, with a slump in auto sales cropping up as a major pain point.

Mumbai-based SBI has an exposure of 115 billion rupees to auto dealers, Chairman Rajnish Kumar said during a post-earnings conference call on Friday, but clarified that there was no risk of concentration of stress.

Shares of SBI closed down 2.7 per cent&nbsp;after the results in a Mumbai market that was 0.16 per cent&nbsp;higher.

Kumar also warned that it would be difficult to increase the bank's net interest margins (NIM), a key indicator of the bank's profitability, due to muted credit growth.

In the quarter, NIM rose 6 basis points (bps) to 3.01 per cent&nbsp;from a year ago, but was 1 bps lower than the previous quarter.

The lender expects its NIM to be around 3.1 per cent&nbsp;in FY20, while its loan book is seen growing by 12 per cent, largely flat over last year.

"What was working for the bank was growth in its retail lending book. Now, the slowdown in consumption is surely (going) to depress loan growth in FY20," said Saurabh Jain, assistant vice-president research, SMC Global Securities.

Meanwhile, net interest income climbed 5.2 per cent&nbsp;to 229.39 billion rupees, missing analysts' expectations of 234.87 billion rupees.

However, asset quality, an issue that has pestered Indian lenders for years as bad loans surged, was stable at SBI. Gross non-performing assets as a percentage of total loans stood at 7.53 per cent&nbsp;at June-end, flat over the previous quarter and lower than 10.69 per cent&nbsp;in the same period last year.

Bad loan provisions dived 11 per cent&nbsp;in the quarter, while slippages, or the fresh addition of bad loans, spiked due to loan waivers the government handed out on agricultural loans.

SBI expects gross slippage ratio, which stood at 2.83 per cent&nbsp;by June end, to come below 2 per cent&nbsp;before the end of the year.

The lender's profit came in at 23.12 billion rupees for the three months ended June 30, versus a loss of 48.76 billion rupees reported last year due to lower trading income and treasury losses.

That missed analysts' expectations for a profit of 40.83 billion rupees, according to Refinitiv data, largely due to a tax expense of 17.51 billion rupees. Before taxes, the bank earned 40.63 billion rupees in profits.

 
&nbsp;

State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as the country's largest lender by assets missed expectations for quarterly profit.

State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as the country's largest lender by assets missed expectations for quarterly profit. Rivals HDFC Bank Ltd and ICICI Bank Ltd too have warned of the negative impact of India's ongoing economic slowdown, with a slump in auto sales cropping up as a major pain point. Mumbai-based SBI has an exposure of 115 billion rupees to auto dealers, Chairman Rajnish Kumar said during a post-earnings conference call on Friday, but clarified that there was no risk of concentration of stress. Shares of SBI closed down 2.7 per cent after the results in a Mumbai market that was 0.16 per cent higher. Kumar also warned that it would be difficult to increase the bank's net interest margins (NIM), a key indicator of the bank's profitability, due to muted credit growth. In the quarter, NIM rose 6 basis points (bps) to 3.01 per cent from a year ago, but was 1 bps lower than the previous quarter. The lender expects its NIM to be around 3.1 per cent in FY20, while its loan book is seen growing by 12 per cent, largely flat over last year. "What was working for the bank was growth in its retail lending book. Now, the slowdown in consumption is surely (going) to depress loan growth in FY20," said Saurabh Jain, assistant vice-president research, SMC Global Securities. Meanwhile, net interest income climbed 5.2 per cent to 229.39 billion rupees, missing analysts' expectations of 234.87 billion rupees. However, asset quality, an issue that has pestered Indian lenders for years as bad loans surged, was stable at SBI. Gross non-performing assets as a percentage of total loans stood at 7.53 per cent at June-end, flat over the previous quarter and lower than 10.69 per cent in the same period last year. Bad loan provisions dived 11 per cent in the quarter, while slippages, or the fresh addition of bad loans, spiked due to loan waivers the government handed out on agricultural loans. SBI expects gross slippage ratio, which stood at 2.83 per cent by June end, to come below 2 per cent before the end of the year. The lender's profit came in at 23.12 billion rupees for the three months ended June 30, versus a loss of 48.76 billion rupees reported last year due to lower trading income and treasury losses. That missed analysts' expectations for a profit of 40.83 billion rupees, according to Refinitiv data, largely due to a tax expense of 17.51 billion rupees. Before taxes, the bank earned 40.63 billion rupees in profits.

State Bank of India warns of muted credit growth, misses quarterly profit estimates

The <a href="https://www.wionews.com/india-news/ayodhya-case-mediation-failed-to-yield-results-daily-hearing-from-august-6-240161">Supreme Court</a> has given the <a href="https://www.wionews.com/india-news/reserve-bank-of-india-to-cut-rates-again-in-august-as-doves-prevail-report-238360">central bank</a> six weeks to report on whether <a href="https://www.wionews.com/business-economy/whatsapp-to-roll-out-payments-feature-in-india-this-year-238593">WhatsApp</a> had complied with data localisation norms as the Facebook-owned messenger gears up to launch a payments service in the country, a person involved in the matter said.

WhatsApp has been testing a peer-to-peer payments service for over a year in India, its biggest market by users, but local data storage norms have delayed an official launch.

Foreign payment companies were caught off guard last year by the <a href="https://www.wionews.com/business-economy/india-seen-set-for-fourth-interest-rate-cut-of-2019-240215">Reserve Bank of India</a>'s (RBI) directive that said all payments data should be stored "only in India" for "unfettered supervisory access".

This June it clarified the rules saying foreign payment firms can process transactions made in India outside of the country but the related data should be brought back for local storage within 24 hours.

WhatsApp faced an additional hurdle as a Delhi-based think-tank, the Centre For Accountability And Systemic Change, alleged in a petition to the Supreme Court last year that the firm was not compliant with payments data localisation rules.

It is in regard to this petition that the Supreme Court has now asked the RBI to file a response.

WhatsApp did not immediately respond to a request for comment while the Reserve Bank of India declined to comment.

Last week, WhatsApp's global head Will Cathcart said WhatsApp was all set to roll out its payments service in India this year and that it was now in full compliance with the data localisation norms.

On Friday, the Supreme Court also asked the federal government to make clear, within six weeks, its position on whether the company's grievance officer should be based in India, according to the person.

WhatsApp has a California-based grievance officer who handles India-related issues. Current Indian rules do not mandate a tech company to have such an executive stationed in the country - a rule the government wants to change.

The country's technology minister has said in parliament that New Delhi is seriously considering that social media firms "be required to locate their grievance officer in India".

WhatsApp has previously said it is working on having a grievance officer based in India.

The Supreme Court has given the central bank six weeks to report on whether WhatsApp had complied with data localisation norms as the Facebook-owned messenger gears up to launch a payments service in the country, a person involved in the matter said.

The Supreme Court has given the central bank six weeks to report on whether WhatsApp had complied with data localisation norms as the Facebook-owned messenger gears up to launch a payments service in the country, a person involved in the matter said. WhatsApp has been testing a peer-to-peer payments service for over a year in India, its biggest market by users, but local data storage norms have delayed an official launch. Foreign payment companies were caught off guard last year by the Reserve Bank of India's (RBI) directive that said all payments data should be stored "only in India" for "unfettered supervisory access". This June it clarified the rules saying foreign payment firms can process transactions made in India outside of the country but the related data should be brought back for local storage within 24 hours. WhatsApp faced an additional hurdle as a Delhi-based think-tank, the Centre For Accountability And Systemic Change, alleged in a petition to the Supreme Court last year that the firm was not compliant with payments data localisation rules. It is in regard to this petition that the Supreme Court has now asked the RBI to file a response. WhatsApp did not immediately respond to a request for comment while the Reserve Bank of India declined to comment. Last week, WhatsApp's global head Will Cathcart said WhatsApp was all set to roll out its payments service in India this year and that it was now in full compliance with the data localisation norms. On Friday, the Supreme Court also asked the federal government to make clear, within six weeks, its position on whether the company's grievance officer should be based in India, according to the person. WhatsApp has a California-based grievance officer who handles India-related issues. Current Indian rules do not mandate a tech company to have such an executive stationed in the country - a rule the government wants to change. The country's technology minister has said in parliament that New Delhi is seriously considering that social media firms "be required to locate their grievance officer in India". WhatsApp has previously said it is working on having a grievance officer based in India.

Supreme Court asks RBI to confirm WhatsApp's compliance with local data rules

The Reserve Bank of India (RBI) is likely to cut rates next week for a fourth time in 2019 as benign inflation gives it room to help an economy that is growing at its slowest in nearly five years.

If the RBI does cut by 25 basis points on Wednesday, the repo rate would to come down to 5.50 per cent, and make RBI the most dovish among major Asian central banks.

Almost 80 per cent&nbsp;of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps. Three respondents predicted a 50 bps cut and the remaining 10 forecast the rate would be left unchanged.

Reducing interest rates would please Finance Minister Nirmala Sitharaman, who delivered her first budget last month after being promoted by Prime Minister Narendra Modi following his re-election in May.

"I'll honestly wish (for a) rate cut ... a significant rate cut would do a lot of good for the country," Sitharaman told the Economic Times newspaper in an interview published on Monday.

Her budget had included measures aimed at improving the investment climate but lacked any direct steps to stimulate an economy that grew just 5.8 per cent&nbsp;year-on-year in the January-March quarter, its slowest pace in five years, and well below the double-digit growth levels that Modi wants.

Aside from defending against inflation and protecting the Indian rupee's health, the RBI has oversight of the state-owned banks and a mandate to protect financial stability, which could be undermined if economic growth stays low given the stress prevailing among banks and shadow lenders.

The last time the RBI made so many back-to-back cuts was after the global financial crisis over a decade ago, when most major central banks were desperate to revive economic growth.

"If the inflation estimate is lower than target and RBI has space they should cut. I expect a 25 bps cut and a dovish tone," said A. Prasanna, chief economist at ICICI Securities Primary Dealership.

Running at 3.18 per cent&nbsp;in June, India's retail inflation has remained below the central bank's medium-term target of 4 per cent&nbsp;for almost a year and is not expected to rise significantly above that until at least 2021, according to a separate Reuters poll.

But, currency and bond dealers noted that external influences could limit India's room for future rate reductions, as the head of the U.S. Federal Reserve warned against expecting a lengthy easing cycle after cutting U.S. interest rates for the first time in over a decade on Wednesday.

But, rate cuts alone cannot help India's economy unless the benefits are passed on to consumers and corporate borrowers. And saddled with bad debt, and scared of losing depositors, banks have been slow to reduce lending and deposit rates despite the RBI's prodding.

State Bank of India cut interest rates on deposits across all maturities on Monday, but analysts said it would take time for the country's largest bank to make matching cuts in its lending rates.

"It will be important to study the policy narrative to get a direction of likely future action by the RBI, liquidity measures, any other structural changes etc.," said Shanti Ekambaram, President, Consumer Banking at Kotak Mahindra Bank.

"Suffice it to say that inflation will be the central theme balanced with the need to boost growth".

At least the monsoon rains, after a poor start, appear to becoming kinder, which is good news for around two-thirds of Indians who depend on the farm sector for their livelihoods.

The Reserve Bank of India (RBI) is likely to cut rates next week for a fourth time in 2019 as benign inflation gives it room to help an economy that is growing at its slowest in nearly five years.

The Reserve Bank of India (RBI) is likely to cut rates next week for a fourth time in 2019 as benign inflation gives it room to help an economy that is growing at its slowest in nearly five years. If the RBI does cut by 25 basis points on Wednesday, the repo rate would to come down to 5.50 per cent, and make RBI the most dovish among major Asian central banks. Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps. Three respondents predicted a 50 bps cut and the remaining 10 forecast the rate would be left unchanged. Reducing interest rates would please Finance Minister Nirmala Sitharaman, who delivered her first budget last month after being promoted by Prime Minister Narendra Modi following his re-election in May. "I'll honestly wish (for a) rate cut ... a significant rate cut would do a lot of good for the country," Sitharaman told the Economic Times newspaper in an interview published on Monday. Her budget had included measures aimed at improving the investment climate but lacked any direct steps to stimulate an economy that grew just 5.8 per cent year-on-year in the January-March quarter, its slowest pace in five years, and well below the double-digit growth levels that Modi wants. Aside from defending against inflation and protecting the Indian rupee's health, the RBI has oversight of the state-owned banks and a mandate to protect financial stability, which could be undermined if economic growth stays low given the stress prevailing among banks and shadow lenders. The last time the RBI made so many back-to-back cuts was after the global financial crisis over a decade ago, when most major central banks were desperate to revive economic growth. "If the inflation estimate is lower than target and RBI has space they should cut. I expect a 25 bps cut and a dovish tone," said A. Prasanna, chief economist at ICICI Securities Primary Dealership. Running at 3.18 per cent in June, India's retail inflation has remained below the central bank's medium-term target of 4 per cent for almost a year and is not expected to rise significantly above that until at least 2021, according to a separate Reuters poll. But, currency and bond dealers noted that external influences could limit India's room for future rate reductions, as the head of the U.S. Federal Reserve warned against expecting a lengthy easing cycle after cutting U.S. interest rates for the first time in over a decade on Wednesday. But, rate cuts alone cannot help India's economy unless the benefits are passed on to consumers and corporate borrowers. And saddled with bad debt, and scared of losing depositors, banks have been slow to reduce lending and deposit rates despite the RBI's prodding. State Bank of India cut interest rates on deposits across all maturities on Monday, but analysts said it would take time for the country's largest bank to make matching cuts in its lending rates. "It will be important to study the policy narrative to get a direction of likely future action by the RBI, liquidity measures, any other structural changes etc.," said Shanti Ekambaram, President, Consumer Banking at Kotak Mahindra Bank. "Suffice it to say that inflation will be the central theme balanced with the need to boost growth". At least the monsoon rains, after a poor start, appear to becoming kinder, which is good news for around two-thirds of Indians who depend on the farm sector for their livelihoods.

India seen set for fourth interest rate cut of 2019

BJP and TDP on Friday lashed out at Chief Minister Y S Jagan Mohan Reddy over the Andhra Pradesh government incurring expenses over his security on his Jerusalem trip with his family.K Pattabhiram, TDP spokesperson said, "Why has the Andhra Pradesh Government released money for the security of Jagan at Jerusalem? The money of Rs 22.5 lakh paid to a private travel agency might be a cover-up which in fact might be paid for Jagan family's personal trip to Jerusalem."

"The CM speaks of transparency and austerity measures. The government is also not able to pay salaries for employees, yet Jagan used public money for his personal tour," he added.

He questioned Reddy saying that "what was the need for private security abroad, instead of using services of the Indian embassy."

V Satyamurty, Andhra BJP general secretary said, "BJP demands an explanation from YSRCP and Jagan himself. How can the government directly pay a private security agency?"

However, Andhra Pradesh government has claimed that Jagan's tour to Jerusalem was a personal trip and expenses were borne by him.

The state government on Wednesday had sanctioned Rs 22.5 lakhs for the security arrangements ahead of the Chief Minister's visit to Jerusalem.&nbsp; 
&nbsp;

BJP and TDP on Friday lashed out at Chief Minister Y S Jagan Mohan Reddy over the Andhra Pradesh government incurring expenses over his security on his Jerusalem trip with his family.

BJP and TDP on Friday lashed out at Chief Minister Y S Jagan Mohan Reddy over the Andhra Pradesh government incurring expenses over his security on his Jerusalem trip with his family.K Pattabhiram, TDP spokesperson said, "Why has the Andhra Pradesh Government released money for the security of Jagan at Jerusalem? The money of Rs 22.5 lakh paid to a private travel agency might be a cover-up which in fact might be paid for Jagan family's personal trip to Jerusalem." "The CM speaks of transparency and austerity measures. The government is also not able to pay salaries for employees, yet Jagan used public money for his personal tour," he added. He questioned Reddy saying that "what was the need for private security abroad, instead of using services of the Indian embassy." V Satyamurty, Andhra BJP general secretary said, "BJP demands an explanation from YSRCP and Jagan himself. How can the government directly pay a private security agency?" However, Andhra Pradesh government has claimed that Jagan's tour to Jerusalem was a personal trip and expenses were borne by him. The state government on Wednesday had sanctioned Rs 22.5 lakhs for the security arrangements ahead of the Chief Minister's visit to Jerusalem.

Opposition lashes out at Andhra Pradesh CM Jagan on his trip to Jerusalem

The Andhra Pradesh government on Friday said that the delay in payment of salaries to the state government employees was due to "technical snags".

The YSRCP government also debunked some media reports allegedly claiming that the delay is due to lack of funds.

"Some TV channels and social media are spreading that the salaries for state government employees have not been paid due to lack of funds. But it is not correct," it said in a statement.

"General practice is that the salary payments are made through e-Kuber of RBI on 1st of every month. Following the same practice, all files related to salaries and pensions of all districts are sent to RBI by 31st July itself," read the statement.

"By the noon of 1st August all pensions and some salaries are paid. Later there are some technical snags. The certificates issued through e-Mudra did not function. That caused a delay in payment of salaries of some files," the state government said.

The government assured that all measures are taken to resolve the snag and make remaining payments."The technical problem is resolved and all the payments are cleared," it added&nbsp; 
&nbsp;

The Andhra Pradesh government on Friday said that the delay in payment of salaries to the state government employees was due to "technical snags". The YSRCP government also debunked some media reports allegedly claiming that the delay is due to lack of funds.

The Andhra Pradesh government on Friday said that the delay in payment of salaries to the state government employees was due to "technical snags". The YSRCP government also debunked some media reports allegedly claiming that the delay is due to lack of funds. "Some TV channels and social media are spreading that the salaries for state government employees have not been paid due to lack of funds. But it is not correct," it said in a statement. "General practice is that the salary payments are made through e-Kuber of RBI on 1st of every month. Following the same practice, all files related to salaries and pensions of all districts are sent to RBI by 31st July itself," read the statement. "By the noon of 1st August all pensions and some salaries are paid. Later there are some technical snags. The certificates issued through e-Mudra did not function. That caused a delay in payment of salaries of some files," the state government said. The government assured that all measures are taken to resolve the snag and make remaining payments."The technical problem is resolved and all the payments are cleared," it added

Technical snag delayed payment of salaries: Andhra Pradesh government

Indian shares reversed course and ended higher on Friday, led by gains in IT and auto stocks, after a media report said the government was discussing the tax surcharge on foreign portfolio investors (FPI) and its impact on markets.

India had proposed to increase taxes on those with annual incomes of more than 20 million rupees ($287,387.29) in its annual budget last month, which rattled many FPIs. Foreign investors took out $1.8 billion from Indian equities in July.

Markets, however, ended in the red for the week as weak earnings and comments around the US&nbsp;Federal Reserve's future rate cuts and Washington's tariffs on China clouded investor sentiment.

The broader NSE Nifty ended 0.16 per cent higher at 10,997.35, while the benchmark BSE Sensex closed up 0.27 per cent at 37,118.22. For the week the NSE Nifty was 2.5 per cent&nbsp;lower and the BSE Sensex was down 1.88 per cent, recording their worst weekly fall in three weeks.

Auto stocks led gains for the day with the sector's index closing up 1.26 per cent.&nbsp;Maruti Suzuki closed up 2 per cent, while Tata Motors was up 1.3 per cent.

IT stocks were also the top boosts to markets. The Nifty IT index was up 0.6% led by gains among heavyweights Tata Consultancy Services, which closed 1.24 per cent higher and Infosys Ltd, which was up 1.3 per cent&nbsp;at the closing bell.

Among losers, Indiabulls Housing Finance ended down 7.3 per cent, while Tata Steel closed 2.8 per cent&nbsp;lower.

The volatility index was 4.33 per cent higher at the close.

Indian shares reversed course and ended higher on Friday, led by gains in IT and auto stocks, after a media report said the government was discussing the tax surcharge on foreign portfolio investors (FPI) and its impact on markets.

Indian shares reversed course and ended higher on Friday, led by gains in IT and auto stocks, after a media report said the government was discussing the tax surcharge on foreign portfolio investors (FPI) and its impact on markets. India had proposed to increase taxes on those with annual incomes of more than 20 million rupees ($287,387.29) in its annual budget last month, which rattled many FPIs. Foreign investors took out $1.8 billion from Indian equities in July. Markets, however, ended in the red for the week as weak earnings and comments around the US Federal Reserve's future rate cuts and Washington's tariffs on China clouded investor sentiment. The broader NSE Nifty ended 0.16 per cent higher at 10,997.35, while the benchmark BSE Sensex closed up 0.27 per cent at 37,118.22. For the week the NSE Nifty was 2.5 per cent lower and the BSE Sensex was down 1.88 per cent, recording their worst weekly fall in three weeks. Auto stocks led gains for the day with the sector's index closing up 1.26 per cent. Maruti Suzuki closed up 2 per cent, while Tata Motors was up 1.3 per cent. IT stocks were also the top boosts to markets. The Nifty IT index was up 0.6% led by gains among heavyweights Tata Consultancy Services, which closed 1.24 per cent higher and Infosys Ltd, which was up 1.3 per cent at the closing bell. Among losers, Indiabulls Housing Finance ended down 7.3 per cent, while Tata Steel closed 2.8 per cent lower. The volatility index was 4.33 per cent higher at the close.

Sensex, Nifty recover after report says government discussing FPI surcharge

Chinar Corps Commander Lt General KJS Dhillon and Jammu and Kashmir DGP Dilbag Singh held a joint press conference on Friday in Srinagar.&nbsp;

Briefing the media, Dhillon stated that the situation on the LoC is under control and "very much peaceful".&nbsp;

"Infiltration bids from <a href="https://www.wionews.com/india-news/us-arms-sale-to-pakistan-india-takes-up-issue-with-washington-expresses-grave-concern-239986">Pakistan</a> side are being successfully thwarted," Dhillon stated.&nbsp;

Dhillon further said that the types of Improvised Explosive Devices that are being examined and IED expert terrorists that have been captured suggest that Pakistan is trying to disrupt peace in Kashmir. "We assure 'awaam' of Kashmir that no one will be allowed to disrupt peace," Dhillon pointed out.&nbsp;

He said that an in-depth analysis of <a href="-government-power-to-declare-individuals-as-terrorists-passed-by-indian-parliament-240166">terrorism</a> in Kashmir has been done which has revealed that around "83 per cent of local people who pick up weapons had a record of stone-pelting".

"I request all mothers if today your child throws stones at security forces for Rs 500 then he'll become terrorist tomorrow," Dhillon said.&nbsp;

<div class="ui-state-default" contenteditable="false">
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Lt General KJS Dhillon: Type of IEDs we are examining and the IED expert terrorists we are capturing and eliminating point to the fact that Pakistan is trying to disrupt peace in Kashmir. We assure 'awaam' of Kashmir that no one will be allowed to disrupt peace. <a href="https://t.co/RUXmnqyV0B">https://t.co/RUXmnqyV0B</a>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1157212025703059461?ref_src=twsrc%5Etfw">August 2, 2019</a></blockquote>
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Dhillon informed that an M-24 American sniper rifle with a telescope has been recovered from a terror cache along the Amarnath Yatra route.

"A Pakistan Army landmine has also been recovered from one of the caches of terrorists. This clearly indicates that Pakistan Army is involved in terrorism in Kashmir, this will not be tolerated," Dhillon added.&nbsp;

Jammu and Kashmir Director General of Police (DGP) Dilbag Singh said that the overall number of active militants in the Valley and in the Jammu region has come down.

SP Pani, IGP Kashmir stated that over 10 serious attempts (terror attack attempts) were made at different places in the valley this year.&nbsp;

"In these IED modules, several terrorists like Munna Lahori before that Kamran, Usman were arrested," Pani was quoted by news agency ANI.&nbsp;

On the increase in troop numbers in Jammu &amp; Kashmir, Dilbag Singh, DG JK Police said, "We had been into a number of activities since last few months. Our troops that have been deployed did not get a chance to relax for a while".

Singh added that the forces are getting inputs that violence levels may increase by the militants.&nbsp;

"So, we've tried to strengthen grid on ground. Also,we've been told that troops must get time to relax. This is time for turnover. But grid will be in as much active form as required," he said.&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
DG JK Police:We're getting inputs that violence levels are likely to be increased by militants. So, we've tried to strengthen grid on ground.Also,we've been told that troops must get time to relax.This is time for turnover.But grid will be in as much active form as required.(2/2) <a href="https://t.co/hEmhrcpoPg">https://t.co/hEmhrcpoPg</a>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1157223903808368642?ref_src=twsrc%5Etfw">August 2, 2019</a></blockquote>
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The press conference comes soon after&nbsp;India took up the killing of an Indian civilian during <a href="https://www.wionews.com/india-news/india-takes-up-killing-of-indian-civilian-in-ceasefire-violation-by-pakistan-239696">ceasefire violation by Pakistan</a>. New Delhi made a strong demarche to Pakistan High Commission regarding the ceasefire violation on Tuesday.

New Delhi called the "deliberate targeting" of Indian civilians by Pakistan forces "against all established humanitarian norms and professional military conduct", asking&nbsp;Islamabad to desist from such acts immediately and to "investigate into such heinous acts of killing innocent civilians".

New Delhi also asked Islamabad to "adhere" to the 2003 Ceasefire Understanding for maintaining peace and tranquillity along the Line of Control (LoC) and the International Boundary.

As many as 14 Indians have been killed in more than 1410 ceasefire violations by Pakistan so far this year.&nbsp;

(With inputs from ANI)

 
&nbsp;

Chinar Corps Commander Lt General KJS Dhillon and Jammu and Kashmir DGP Dilbag Singh held a joint press conference on Friday in Srinagar. Briefing the media, Dhillon stated that the situation on the LoC is under control and "very much peaceful".

Chinar Corps Commander Lt General KJS Dhillon and Jammu and Kashmir DGP Dilbag Singh held a joint press conference on Friday in Srinagar. Briefing the media, Dhillon stated that the situation on the LoC is under control and "very much peaceful". "Infiltration bids from Pakistan side are being successfully thwarted," Dhillon stated. Dhillon further said that the types of Improvised Explosive Devices that are being examined and IED expert terrorists that have been captured suggest that Pakistan is trying to disrupt peace in Kashmir. "We assure 'awaam' of Kashmir that no one will be allowed to disrupt peace," Dhillon pointed out. He said that an in-depth analysis of terrorism in Kashmir has been done which has revealed that around "83 per cent of local people who pick up weapons had a record of stone-pelting". "I request all mothers if today your child throws stones at security forces for Rs 500 then he'll become terrorist tomorrow," Dhillon said. Lt General KJS Dhillon: Type of IEDs we are examining and the IED expert terrorists we are capturing and eliminating point to the fact that Pakistan is trying to disrupt peace in Kashmir. We assure 'awaam' of Kashmir that no one will be allowed to disrupt peace. https://t.co/RUXmnqyV0B — ANI (@ANI) August 2, 2019 × Dhillon informed that an M-24 American sniper rifle with a telescope has been recovered from a terror cache along the Amarnath Yatra route. "A Pakistan Army landmine has also been recovered from one of the caches of terrorists. This clearly indicates that Pakistan Army is involved in terrorism in Kashmir, this will not be tolerated," Dhillon added. Jammu and Kashmir Director General of Police (DGP) Dilbag Singh said that the overall number of active militants in the Valley and in the Jammu region has come down. SP Pani, IGP Kashmir stated that over 10 serious attempts (terror attack attempts) were made at different places in the valley this year. "In these IED modules, several terrorists like Munna Lahori before that Kamran, Usman were arrested," Pani was quoted by news agency ANI. On the increase in troop numbers in Jammu & Kashmir, Dilbag Singh, DG JK Police said, "We had been into a number of activities since last few months. Our troops that have been deployed did not get a chance to relax for a while". Singh added that the forces are getting inputs that violence levels may increase by the militants. "So, we've tried to strengthen grid on ground. Also,we've been told that troops must get time to relax. This is time for turnover. But grid will be in as much active form as required," he said. DG JK Police:We're getting inputs that violence levels are likely to be increased by militants. So, we've tried to strengthen grid on ground.Also,we've been told that troops must get time to relax.This is time for turnover.But grid will be in as much active form as required.(2/2) https://t.co/hEmhrcpoPg — ANI (@ANI) August 2, 2019 × The press conference comes soon after India took up the killing of an Indian civilian during ceasefire violation by Pakistan. New Delhi made a strong demarche to Pakistan High Commission regarding the ceasefire violation on Tuesday. New Delhi called the "deliberate targeting" of Indian civilians by Pakistan forces "against all established humanitarian norms and professional military conduct", asking Islamabad to desist from such acts immediately and to "investigate into such heinous acts of killing innocent civilians". New Delhi also asked Islamabad to "adhere" to the 2003 Ceasefire Understanding for maintaining peace and tranquillity along the Line of Control (LoC) and the International Boundary. As many as 14 Indians have been killed in more than 1410 ceasefire violations by Pakistan so far this year. (With inputs from ANI)

Pakistan's attempts are being thwarted, no one will be allowed to disrupt peace in Jammu and Kashmir: Indian Army

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