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.

RIL to acquire 5% in Eros International for Rs 1,000 cr

Reliance Industries (RIL) on Tuesday  said it will acquire a 5 per cent stake in NYSE-listed Eros International for Rs 1,000 crore with a view to producing and acquiring Indian films and digital originals across all languages.

RIL and Eros International announced that RIL, through a subsidiary, "has agreed to subscribe to a 5 per cent  equity stake" in Eros at a price of $15 per share.

Both the companies have agreed to partner in India to jointly produce and consolidate content from across the country.

Delhi chief secretary alleges physical assault by AAP MLAs

The Delhi government machinery came to a virtual halt on Tuesday as an alleged assault on chief secretary Anshu Prakash by the Aam Aadmi Party MLAs set bureaucrats on a war path against the Arvind Kejriwal government, leading to scenes of complete chaos inside the secretariat. Countering the allegations, the AAP government released a video of Environment minister Imran Hussain and his PA Himanshu Singh being attacked by a mob of officials while he was going to attend a press conference at the secretariat here.

Healthcare scheme premium to be Rs 900-1,000: Niti

The government’s premium on insurance cover of Rs 5 lakh for every eligible hou­sehold under the new National Health Protection Sc­h­eme (NHPS) would be aro­und Rs 900-1,000 per family annually, lower than the earlier estimate of Rs 1,000-1,200, a senior Niti Aayog official said on Tuesday.

Government allows commercial coal mining by pvt firms

Ending the monopoly of state-owned Coal India (CIL), the government has allowed private companies to mine and sell the fossil fuel in the open market. The move is aimed at attracting global giants like Rio Tinto, BHP Billiton and Vale as well as domestic firms like Essel Mining and Sesa Goa into commercial coal mining. Private players are now allowed to mine coal for captive use only.

RBI says it warned thrice in the past

The Reserve Bank of India (RBI) has been receiving flak from all quarters ever since PNB scam broke out, but on Tuesday it came out stoutly defending itself. Within minutes of finance minister Arun Jaitely’s remark putting the blame on auditors, the RBI in a strong-worded statement said that it has been alerting banks thrice on potential abuse of the inter-bank messaging system, SWIFT, since August 2016.

FM Jaitley blames all but names none

Five days after Punjab National Bank disclosed Rs 11,394 crore fraud at one of its branches, finance minister Arun Jaitely on Tuesday broke his silence on the matter and came down heavily on bank management, RBI and auditors but named none.

Khalistan-wary India cold-shoulders Trudeau on 1st visit

Canadian Prime Minister Justin Trudeau and his family, who arrived in India on Saturday, are on their first state visit. On Monday, Trudeau was in Prime Minister Narendra Modi’s home state, Gujarat. But Modi was markedly absent from receiving his Canadian counterpart unlike the visits of Chinese President Xi Jinping, Japanese Prime Minister Shinzo Abe and Israel Prime Minister Benjamin Netanyahu. Gujarat chief minister Vijay Rupani found time to meet Trudeau at the airport, but only as he departed.

Big fish eluded govt scanner post DeMo

Jewellers and bullion traders managed to hoodwink tax authorities even as they were under government scanner facing search and seizure by the income tax (I-T) department.