Tuesday, August 23, 2022

India hands over fertiliser to Sri Lanka

"Adding to the fragrance of friendship and cooperation. High Commissioner (Gopal Baglay) formally handed over 21,000 tonnes of fertiliser supplied under India's special support to the people of Sri Lanka," the Indian High Commission said in a tweet after handing over the consignment.

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Private companies entry, data thrust, promotion body part of commerce dept recast

"We have restructured the entire department of commerce to make it relevant to the 21st century. Efforts are on to make India a developed country by 2047," said commerce and industry minister Piyush Goyal while releasing the department's recast dossier on Tuesday.

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Govt contract winners must share all details for GST assessment: SC

The Supreme Court also held that it is the responsibility of the bidder to quote the correct Harmonised System of Nomenclature (HSN) code and the corresponding GST rate.

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Forex rule tweaks to let Indians invest in foreign fintech companies

Several technology entrepreneurs and angel investors have been facing challenges in acquiring stakes in foreign fintech companies because until now only non-banking financial companies (NBFCs) registered with the Reserve Bank of India (RBI) were allowed to invest in foreign companies involved in financial services.

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Future Retail creditors file claims worth Rs 21,324 crore before IRP

Creditors of Future Retail Ltd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process. The financial creditors of the companies, which mainly include banks and financial institutions, have filed claims of Rs 21,057.89 crore before the interim resolution professional of the company.

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Monday, August 22, 2022

Elon Musk subpoenas former Twitter chief Jack Dorsey



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Traders seek ban on Turmeric Futures

The association alleged that some traders and corporates are making a profit. The prices are being decided according to the convenience in the futures price, it said.

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'14,000-cr Surat-Chennai economic corridor hits environmental hurdle

The near Rs 14,000 crore project has run into trouble with the Union Environment ministry's Expert Appraisal Committee (EAC) for Infrastructure projects, over its proposed 290 km long greenfield Surat-Nashik-Ahmednagar section which falls in pristine and untouched areas of the ecologically sensitive Western Ghats.

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Wheat prices up 4%, more hikes expected on festive demand

Denying some reports claiming that India was going to import wheat, the Department of Food and Public Distribution issued a statement on Sunday saying the country has enough stock of wheat to take care of its domestic requirement and for the public distribution system.

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