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.

Celebrating Womanhood

Forevermark is ushering in a new trend in India where singular diamonds will project an emotional value – the value of half carat through project resize. As Forevermark India president Sachin Jain says “We have a campaign – project resize – that defines emotional connect with a half carat diamond, a singular diamond that means something to a woman’s identity. The whole campaign is about celebrating the inner self of a woman.”

ICICI Bank postpones AGM by a month

ICICI Bank has decided to postpone its annual general meeting (AGM) by a month amidst independent enquiry conducted by Justice B N Srikrishna on alleged cases of impropriety against the bank's CEO Chanda Kochhar.

The meeting has been rescheduled to September 12 as against the earlier schedule of August 10.

"We wish to update that the change in AGM date and the consequent changes in record dates was necessitated due to the sequencing of general meeting dates within the listed entities of ICICI Group," the bank said in filings to stock exchanges.

When Elephants fight

When elephants fight, it is the grass that suffers, thus goes the saying. India too could find itself in a similar situation if the trade war escalate. Though India is unlikely to be a top target in the US trade wars, the country could suffer some damage from the one-upmanship on tariffs.

Cong, BJP in a war of words over women’s reservation bill

Two days ahead of the monsoon session of Parliament, Congress chief Rahul Gandhi on Monday raked up the contentious Women’s Reservation Bill.

“Our PM says he’s a crusader for women’s empowerment? Time for him to rise above party politics, walk-his-talk & have the Women’s Reservation Bill passed by Parliament. The Congress offers him its unconditional support,” Gandhi tweeted and attached a letter to PM Modi.

Business confidence stays subdued in June

The business sentiment regarding future activity remained subdued in June amid intense competition, high fuel prices and strong cost pressures, says a survey. As per the IHS Markit Business Outlook survey, just 20 per cent of Indian businesses expect growth in output over the next 12 months, unchanged from February.

10% duty sought to curb aluminium dumping

Faced with 123 per cent growth in imports over last seven years, the aluminium industry has sought government intervention by way of higher import duty of 10 per cent on scrap and metal to protect domestic production.

Consumer owner of his data: Trai

Consumer data is sacrosanct. Telecom regulator Trai has expressed this view while recommending that right to choice, notice, consent, data portability and the right to be forgotten should be conferred upon telecommunication consumers.

The regulator said that in order to ensure the privacy of users, a national policy for encryption of personal data, generated and collected in the digital eco-system, should be notified by the government at the earliest.

High vegetable prices cook common man’s goose

Vegetables and transport fuel prices are burning a larger hole in the pocket of common man as these primary items have been facing higher inflationary pressure in recent months despite government claims of moderation in rates due to bumper crop production.

According to latest government data, prices of commonly used items like potato, onion, fruits and cereals have increased in June, muddling up the common man’s budget. The double-digit rise in prices of cooking and transport fuel like

LPG, petrol and diesel have further aggravated the situation.