TRENDS
NGO files application for GI tag to be granted to Gaumukh Gangajal
Famous Indian goods which carry the tag include Basmati rice, Darjeeling tea, Chanderi fabric, Mysore silk, Kullu shawls, Kangra tea, Thanjavur paintings, Allahabad surkha, Farrukhabad prints, Lucknow zardozi and Kashmir walnut wood carvings.
INDIA
Finally No Setu on Ramsetu! Cabinet may consider winding up controversial Sethusamudram Corp today
Sethusamudram has been one of India’s most ambitious maritime projects, aiming to create a new shipping lane connecting the Gulf of Mannar and Bay of Bengal through the Palk Strait and Palk Bay
BUSINESS
Sale of government’s entire stake in Hindustan Zinc Ltd cleared by Cabinet: Sources
Proposal to close Bharat Gold Mines Ltd, which owns the famed Kolar Gold Fields in Karnataka, also approved.
ECONOMY
Fertiliser subsidy hike costing exchequer Rs 60,000 crore in lost tax gets thumbs up from Cabinet
Greenlight for about fifty percent hike in subsidy for NPK fertilisers aimed at cushioning the blow from surge in global raw materials prices
BUSINESS
Government to fast-track asset monetisation as disinvestment plan flounders
Senior officials from 12 ministries will meet on April 29 to share the roadmap for asset monetisation of their departments
BUSINESS
Cabinet approves distribution of fortified rice under all govt schemes: Sources
The government proposes to spend about Rs 2,700 crore per year on the scheme, which is aimed to tackle the problem of nutritional deficiency.
BUSINESS
Sebi Chairperson Madhabi Puri Buch denies allegations of late action on NSE scam
On April 5, Buch appeared before the Parliamentary Standing Committee on finance chaired by Jayant Sinha. Santosh Kumar Mohanty, a whole-time member, Sebi, along with some senior officials, were also present in the meeting.
BUSINESS
Sebi chief may be questioned on NSE Scam at Parliamentary Standing committee meeting tomorrow
As per the agenda, four issues will be discussed during the meeting. These are, Initial Public Offerings ( IPOs), Volatility, International Financial Services Centres (IFSC) and Alternate Investment Fund (AIF).
BUSINESS
Tata, Toyota, Bosch may figure on the list of PLI for auto component makers
Over a period of five years, the production-linked incentive scheme for the automobile and auto components industry is estimated to lead to fresh investments of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and create over 750,000 jobs.
