BUSINESS
Gems, jewellery industry converted Covid crisis into opportunity: Piyush Goyal
Union Commerce Minister Piyush Goyal said on Friday that the Indian gems and jewellery industry has converted the Covid crisis into an opportunity. Goyal was speaking at a virtual event organised by the Gem and Jewellery Export Promotion Council (GJEPC). Goyal assured that the government will continue to support the industry's vision in driving this sector to "new heights".
Mysterious Himalayan 'yogi' had been flagged in NSE co-location scam probe
These include information on organisational structure, dividend scenario, financial results, human resource policy and related issues, response to regulator etc., shared with an unknown person by addressing her correspondence to the email id, during the period 2014 to 2016. NSE in its letter dated July 6, 2018 had drawn reference to the forensic investigation report of E&Y wherein E&Y upon examination of the matter concluded that the said person was Anand Subramanian.
Drawing less than Rs 15 lakh in 2013, Subramanian started getting Rs 4.21 cr in 2016 in NSE
Subramanian was offered to join NSE in the role of Chief Strategic Advisor with effect from April 1, 2013. At that material point of time he was VP L&RSTS, a subsidiary of Balmer & Lawrie. His last drawn compensation was less than Rs 15 lakh per annum. The only person who interviewed Anand Subramanian for his appointment was Chitra Ramkrishna. There are no notings in the personnel file of Anand Subramanian in relation to his interview, an internal report found.
Price of onions 22.36% lower compared to last year: Govt
"Onion buffer of 2.08 lakh metric tonnes (LMT) built in current year under the Price Stabilisation Fund has been released in a calibrated and targeted manner to states/cities where prices are increasing over the previous month and also to source markets such as Lasalgaon and Pimpalgaon to augment the availability in these key mandis,"Food and Public Distribution Ministry statement said.
FY23 Outlook: Indian states' deficit expected at 3.6% of GDP
The FY23 estimate is a bit higher than the 3.5 per cent revised forecast for FY22. The agency's earlier forecast for FY22 was 4.1 per cent. "The revision was made due to better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22," the agency said. Besides, Ind-Ra estimates India's nominal GDP to grow 17.6 per cent YoY in FY22.
India's forex reserves decline by over $1.7 bn
The Reserve Bank of India's forex reserves decreased to $630.190 billion from $631.953 billion reported for February 4. The country's forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF. On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $2.764 billion to $565.565 billion.
US, China face-off in Nepal over $500 mn US grant
Earlier this week, after Nepal delayed in ratifying the US aid in the Parliament, a senior US State Department official had warned that the US will force a review of its ties with Nepal if Kathmandu fails to ratify the grant under the Millenium Challenge Corporation. And now Kathmandu is witnessing violent protests everyday, particularly by Communist parties, against the American aid.
India, UAE sign CEPA to enhance bilateral trade volumes to $100 bn
The agreement to boost bilateral trade is expected to be implemented within 60-days.The agreement entails enhanced market access and reduced tariffs.It is expected that the CEPA will lead to an increase in bilateral trade from the current $60 billion to $100 billion in the next 5 years. At a press briefing post signing the deal, Commerce and Industry Minister Piyush Goyal said that India-UAE CEPA was negotiated in one of the quickest time frame of 88 days.
NSE ex-chief Ramakrishna under CBI scanner after damning SEBI report
According to the report, she met this yogi on the banks of holy Ganga around 20 years ago, and since then she had been taking his advice in all her personal and professional matters. Asked to identify the holder of email-id '[email protected]', she said it was Siddha Purusha and she used to meet him only at holy places.
Rescue Ops: Tata-led Air India to run special flights to Ukraine
As tensions between Russia and Ukraine remain high, the Tata Group-led Air India will run three direct flights to Kyiv to bring back stranded Indians from the East European country. Accordingly, Air India will operate three flights between Delhi and Kyiv on its Boeing 787 Dreamliner aircraft. The flights to the Boryspil International Airport from India will be operated on February 22, 24 and 26.
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