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.

Kejriwal calls off 9-day sit-in at LG office; BJP, Cong say ‘drama’ exposed

Delhi Chief Minister Arvind Kejriwal on Tuesday called off his nine-day sit-in at the LG’s office after IAS officers started attending meetings with ministers, which the AAP chief termed as a “small victory”.  AAP supporters cheered Kejriwal as he came out of the LG’s office and later he was given a welcome at his residence where he addressed party workers.

No liquidity issues with PSBs: FM

There is enough liquidity in the banking system to le­nd to genuine borrowers despite some banks struggling due to RBI’s supervision (pr­o­mpt corrective action – PCA), high provisions and mounting non-performing assets (NPAs).

Speaking to reporters aft­er meeting heads of public sector banks (PSBs) here on Tuesday, finance minister Piyush Goyal said bankers have decided to embark on a strategy to give a push to len­d­ing to genuine corporate borrowers as well as small businesses with a view to support the uptick in the economic activity.

SBI bats for consolidation of other PSBs

State Bank of India, the country's largest lender, on Tuesday said it is not looking at any more consolidation after merging five of its associate banks and the Bharatiya Mahila Bank with it. SBI chairman Rajnish Kumar, however, said the banking ecosystem is too fragmented and the idea of mergers needs detailed deliberations.

India sanguine about 2.5% CAD

The current account deficit at 2.5 per cent of the gross domestic product won’t be a worry as the government has the required instruments to deal with any imbalance created due to foreign fund outflow, economic affairs secretary Subhash Chandra Garg said on Tuesday.

“The 2-2.5 per cent CAD is not a problem for us. If th­e­re is stability, in the curr­ent year capital account (infl­ows) should be good eno­ugh to take care and we may not worry even if it (CAD) reaches 2.5 per cent,” Garg said.

Lobbying done sans unlawful payments: AirAsia Group

Malaysian carrier AirAsia Group Berhad on Tuesday said that lobbying for the removal of 5/20 norm was done without making any “unlawful payments” and all the required approvals for its Indian joint venture with Tatas were obtained through normal channels.

The latest statement comes against the backdrop of the CBI probing AirAsia and other officials, including Group CEO Tony Fernandes, for allegedly trying to manipulate government policies through corrupt means to get international licence for AirAsia India.

BJP snaps alliance with PDP in J&K

In a surprise move, the BJP on Tuesday pulled out of the three-year-old ruling coalition with the PDP in Jammu and Kashmir and called for governor’s rule, which appeared imminent, after which chief minister Mehbooba Mufti quit.

Centre mulls new financing mode for aircraft acquisition

In the wake of Indian airlines placing orders for 900 aircraft worth over $45 billion, the government is working on a plan for tapping the big corpus of pension funds and insurance companies to finance acquisition and leasing of airplanes.

CAD at 2.5% of GDP not worrisome, instruments in place to deal with outflows: FinMin

Current account deficit (CAD) at 2.5 per cent of GDP won't be a worry as the government has the required instruments to deal with any imbalance created due to foreign fund outflow, Economic Affairs Secretary Subhash Chandra Garg said today.

"2-2.5 per cent CAD is not a problem for us.... If there is stability, in the current year capital account (inflows) should be good enough to take care and we may not worry even if it (CAD) reaches 2.5 per cent," Garg said.

Driven by Passion

Recently, Japanese watch manufacturer Casio, roped in Bollywood actor Jacqueline Fernandez as brand ambassador for its women’s range of wrist watches – Sheen, Baby-G and Enticer. With Jacqueline on-board and a growing range of women’s watches, Casio has an exciting line-up of activities and launches being planned over a period of time.