Plan and Policy

Plan & Policy

SEBI may consider special audit of MCX’s technology

Capital and commodities market regulator Securities and Exchange Board of India has conveyed its displeasure to the Multi Commodity Exchange over the recurring technical glitches on its trading platform, according to sources. The regulator may consider a special audit of the exchange’s systems, assisted by the SEBI-appointed Technical Advisory Committee.

Amazon’s Jeff Bezos becomes richest man, tops $150 billion net worth

Amazon founder and CEO Jeff Bezos’ net worth went past $150 billion to become the richest person in modern history.

According to a Bloomberg report, Bezos’ net worth went past the $150 billion mark after Amazon’s stock price surged ahead of Amazon’s prime day sale — a 36-hour shopping bonanza organised by the e-commerce giant. Since the time of writing this article, Bezos’ net worth has come down to $145 billion, according to the Bloomberg billionaire’s index.

Amazon’s Jeff Bezos becomes richest man, tops $150 billion net worth

Amazon founder and CEO Jeff Bezos’ net worth went past $150 billion to become the richest person in modern history.

According to a Bloomberg report, Bezos’ net worth went past the $150 billion mark after Amazon’s stock price surged ahead of Amazon’s prime day sale — a 36-hour shopping bonanza organised by the e-commerce giant. Since the time of writing this article, Bezos’ net worth has come down to $145 billion, according to the Bloomberg billionaire’s index.

Nitish expects seat-sharing proposal from BJP in 4-5 weeks

Bihar Chief Minister Nitish Kumar on Monday declined to divulge the "many things" he discussed with BJP chief Amit Shah during the two meetings they had in Patna, but said he expected the BJP to come out with a seat-sharing formula acceptable to all NDA constituents within four-five weeks. "We talked about many things when we met over breakfast and dinner. There is no point in disclosing the details in public.

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.

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