BJP’s choice for RS leaves door open for horse-trading

BJP’s choice for RS leaves door open for horse-trading

Tuesday, 31 May 2022 | T N RAGHUNATHA | Mumbai

In a development that has opened the possibility of cross-voting or horse-trading in the elections to six Rajya Sabha seats from Maharashtra, the Opposition BJP has put up three candidates in the race as against its strength to win two seats in the June 10 biennial RS polls Given the strengths...

Advance action on bank privatisation underway, says DFS Secretary

Tuesday, 31 May 2022 | PTI | New Delhi

Advance action is underway for privatisation of two public sector banks in pursuance of announcement made by finance minister Nirmala Sitharaman, Department of Financial Services secretary Sanjay Malhotra said on Monday. In Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs (Public Sector...

Import duty waiver on cotton, Goyal tells concerned authorities to finalise matter early

Tuesday, 31 May 2022 | PTI | New Delhi

Amid unprecedented rise in cotton and yarn prices in the current season, Union Minister Piyush Goyal has directed the concerned authorities to "finalise the matter early", as regards to the extension of import duty waiver on cotton till December 31. The government last month exempted all customs duty on import of...

RBI report says 79,669 pieces of fake `500 notes detected in FY22

Tuesday, 31 May 2022 | PTI | Mumbai

The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in fiscal 2021-22 over previous year, according to RBI annual report. The number of counterfeit notes of Rs 2,000 denomination detected in system was 13,604 pieces during 2021-22, up 54.6...

Consultation paper on crypto almost ready, to be submitted soon: DEA Secy

Tuesday, 31 May 2022 | PTI | New Delhi

Economic Affairs Secretary Ajay Seth on Monday said a consultation paper on cryptocurrencies has been finalised and it will be submitted soon. A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organised by the Finance Ministry. He also...

10 applicants so far

Tuesday, 31 May 2022 | PTI | New Delhi

Govt extends PLI scheme for specialty steel for 3rd time till June 30 The government on Monday extended for third time the deadline to submit applications under production-lined incentive scheme for specialty steel till June 30, 2022. Till now only 10 applications have been received from players looking to invest under Rs...

India's sugar exports to grow up to 10 mln tonnes in SS22 on lower output in Brazil: Report

Tuesday, 31 May 2022 | PTI | Mumbai

The country's sugar exports are expected to increase to around 9-10 million tonnes in sugar season 2022, beginning October, following lower production in Brazil due to adverse weather conditions, according to a report. Ind-Ra expects the total exports for SS22 (Sugar Season 2022) to rise to 9-10 million tonnes, surpassing the...

Tata Motors, Ford India ink pact with Gujarat govt for Sanand manufacturing plant acquisition

Tuesday, 31 May 2022 | PTI | New Delhi

Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding...

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