New Delhi

Onus of pulses procurement may go to states

The government is planning to shift the responsibility of procuring and distributing pulses to states while the Centre will play a supervisory role in the functioning of Rs 11,000 crore price stabilisation fund (PSF).
Since the fund is huge and the procurement has to be completed within a specified period, states will do a better job if they are provided the necessary policy support and funds, sources in the consumer affairs ministry said.

Mandatory linking of bank a/cs with Aadhaar not under RBI directive

The Reserve Bank of India (RBI) has not issued any instructions to banks for linking the biometric identification card Aadhaar with customer accounts, a clarification that is likely open a Pandora’s box.

The government has been going all out to make the bank-Aadhaar linking mandatory and has also set a deadline of December 31, 2017 for the same after which the transactions from accounts not connected with Aadhaar will be illegal.

Have lodged seven more cases in coal scam: ED to SC

Enforcement Directorate (ED) has told the Supreme Court that it has lodged seven more cases in the coal block allocation scam and was in process of filing prosecution complaints against two firms, including M/s Jindal Steel and Power Ltd.

Air pollution in Capital at alarming levels: Survey

Air pollution in the Capital soared to alarming levels till late night, reaching as much as five times over the safe limit because of bursting of firecrackers despite a Supreme Court ban on their sale in the NCR, says a survey.

Conducted by air quality mobile app Blueair Friend App, the survey said the Air Quality Index (AQI) was 553 in Anand Vihar area which was five times higher than the safe limit of 51-100.

AQI level from 0-50 is considered good, 51-100 is satisfactory, 101-200 is moderate, 201-300 is poor, 301-400 is very poor, 401 and above is severe.

CBI to look into Fairfax detective's Bofors allegations

The CBI on Wednesday said it would look into the “facts and circumstances” of the Bofors scam mentioned by private detective Michael Hershmam (in pics), who alleged that the Rajiv Gandhi-led Congress government had sabotaged his investigation.

Irani asks Congress to come clean on Bofors

Union minister Smriti Irani today sought to put the Congress in the dock on the Bofors issue, citing claims of a private investigator involved in its probe, and asked it to come clean on the involvement of its leaders in the alleged scam.

Targeting the opposition party, she told reporters that its leaders, including its chief Sonia Gandhi, have been shown to be too eager to grab undue benefits whether it is a matter of an air ticket upgrade or a scam like the Bofors deal.

India tightens gold import norms for nominated agencies

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world’s two most populous nations over their shared border.

Poor Delhi air may lead to parking fee hike

Delhi’s air quality, which has entered the red zone, may trigger an increase in the parking fee for vehicles by up to four times in the next few days. The measure, if required, will be enforced under the Graded Response Action Plan, under which a series of measures will be taken based on the severity of air pollution in winter. Measures under the ‘very poor’ and ‘severe’ categories of the plan came into force on Tuesday, under which the Badarpur thermal power plant has been closed and diesel generator sets have been banned in Delhi among other actions.

Govt may stick to deficit target, step up bank reform

India is likely to stick to its fiscal deficit target of 3.2 per cent of GDP, and may accelerate sales of government stakes in lend­ers and other firms as part of an effort to recapitalise ba­nks, an adviser to the prime minister said on Tuesday.

Prime minister Narendra Modi’s government has already used up nearly all of its budget for the current financial year and tax revenues are expected to fall far short of initial expectations. At the same time economic growth has slowed, sparking calls for more stimulus.