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Top news of the day: Government announces mega Public Sector Banks merger; GDP growth slows to 5% in April-June, and more

Union Finance Minister Nirmala Sitharaman addresses the media on the Financial Sector Reforms in New Delhi on August 30, 2019. Finance Secretary Rajiv Kumar is also seen.

Union Finance Minister Nirmala Sitharaman addresses the media on the Financial Sector Reforms in New Delhi on August 30, 2019. Finance Secretary Rajiv Kumar is also seen.   | Photo Credit: R.V. Moorthy

The major news headlines of the day, and more.

Govt announces major bank merger: 27 PSBs will now become 12

A week after announcing a slew of measures to prop up the slowing economy, Finance Minister Nirmala Sitharaman announced the merger of 10 nationalised banks into four entities. This major banking reform will reduce the number of public sector banks to 12 from 27. | Bank staff to protest move

GDP growth slows to 5% in April-June

Asia's third-largest economy grew at a slower-than-expected 5.0% in the latest three-month period, compared with 5.8% in the previous quarter, government data showed. For the same three months, China reported annual economic growth of 6.2%.

Last date for filing I-T returns has not been extended: CBDT

It has come to the notice of CBDT that an order is being circulated on social media pertaining to extension of due date for filing of I-T Returns, @IncomeTaxIndia, the official handle of Income Tax department tweeted.

Fresh restrictions imposed in Kashmir Valley

While Friday prayers were allowed to be offered in mosques located in the interiors of Srinagar and elsewhere in the Valley, no prayers were allowed in major mosques of the Valley for the third consecutive week.

CBI carries out joint surprise checks at 150 places across the country

The special drive was conducted primarily at such points where common citizens or small businessmen feel the maximum pinch of corruption in the government machinery, officials added.

Karnataka HC declines D.K. Shivakumar’s plea for protection from arrest

No relief can be given owing to Section 362 of the Code of Criminal Procedure, says judge.

Himachal Pradesh passes Bill against ‘forced conversion’

The Bill seeks to repeal the Himachal Pradesh Freedom of Religion Act, 2006, which is on similar lines. The new Bill proposes stringent punishments — up to seven years in jail compared to the three years under the existing law.

Missing U.P. law student who accused former BJP MP of harassing her found in Rajasthan

Swami Chinmayanand, the former MP, who served as a Minister of State for Home Affairs under the Atal Bihari Vajpayee government, has been charged with kidnapping (in order to murder) the student. He was also charged with criminal intimidation.

Delhi-based cardiologist summoned by NIA as witness in 2017 terror funding case

Dr. Upendra Kaul, chairman of Batra Hospital in south Delhi, was asked to appear before the NIA.

Leading Hong Kong democracy activist Joshua Wong arrested

The arrest came just hours after the reported detention at Hong Kong's airport of a vocal independence campaigner, and as Beijing continues to pile pressure on the anti-establishment movement in the city.

Explained | What is Boris Johnson’s Brexit strategy?

By suspending Parliament for over a month, Mr. Johnson has effectively narrowed the lawmakers’ opportunities to reject his Brexit plans.

U.S. Open 2019: Coco Gauff books date with Naomi Osaka, Rafael Nadal gets walkover

Reigning Wimbledon champion Simona Halep, meanwhile, crashed out early in New York for a third year running.

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Printable version | Feb 18, 2020 10:14:56 AM | https://www.thehindu.com/news/top-news-of-august-30-2019-govt-announces-mega-public-sector-banks-merger-gdp-growth-slows-to-5-in-april-june-and-more/article29301460.ece

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