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.

RBI gives 3 years to Bakhshi as ICICI chief against 5 sought

Adopting a seemingly cautious approach, the Reserve Bank has approved appointment of Sandeep Bakhshi (in pic) as ICICI Bank's managing director and chief executive officer for three years as against a five-year term sought by the lender.

ICICI Bank on Tuesday informed the stock exchanges that the Reserve Bank of India (RBI) has cleared Bakhshi's appointment for three years effective from October 15.

Festive spirit seeping in

The duty cut on petrol and diesel and some relaxation in personal insurance cover (PAC) rules have lifted the spirit of auto dealers during Navratri. Though it is still early to draw conclusions about festive cheer in the market, a marked improvement in sales and dealer sentiment was witnessed in the initial days of the nine-day festival, according to a report.

Ex-BSP leader’s son brandishes gun at Delhi hotel, FIR registered

The son of a former BSP MP Rakesh Pandey was booked for allegedly brandishing a gun at guests and threatening them in the foyer of a five-star hotel here, a video of which went viral on social media.

The accused, Ashish Pandey, hails from Lucknow and is the brother, of Ritesh Pandey, a sitting MLA in Uttar Pradesh.

The incident occurred in the early hours of Sunday. In the video, Ashish Pandey can purportedly be seen brandishing a gun in the foyer of the hotel.

Daati Maharaj moves SC against sexual assault case transfer to CBI

Self-styled preacher Daati Maharaj, accused in a sexual assault case, has moved the Supreme Court challenging the Delhi High Court’s order transferring the matter to the CBI.

The high court had on October 3 pulled up the Delhi Police for not arresting Daati Maharaj in the case and had transferred the matter to the Central Bureau of Investigation (CBI). His plea is scheduled to come up for hearing in the SC on October 22.

Railways to ferry 16 cr passengers in next 30 days

The railways is preparing to ferry around 16 crore passengers in the next 30 days to clear the festival rush, an official of the railway board said. This will include about 10 lakh additional passengers to be carried by trains which were introduced last year during Chhath.

East-bound trains will conduct more than 250 trips to and from Bihar, West Bengal and UP during Durga Puja, Diwali and Chhath festivals.

Govt hikes GPF rate by 4bps to 8% for Oct-Dec

The government has raised the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter. The interest rate on GPF was 7.6 per cent for the July-September quarter of FY19.

“... During the FY19, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8 per cent with effect from October 1 to December 31,” a notification said. The change would apply on PFs of central government employees, railways and defence forces.

Congress accuses govt of destroying public sector

The Congress on Tuesday demanded a court-monitored probe by experts to look into the affairs of ONGC in the past 52 months as it alleged a systematic and calibrated attempt by the government to destroy the country’s public sector.

Delhi’s air quality nosedives to ‘very poor’ category

Delhi’s air quality nosedived to very poor category on Tuesday, a day after authorities implemented an emergency plan to combat air pollution. The overall Air Quality Index (AQI) of Delhi was recorded at 293, just eight points below the very poor category, according to the Centre-run System of Air Quality Forecasting And Research.

An AQI between 0 and 50 is considered “good”, 51 and 100 “satisfactory”, 101 and 200 “moderate”, 201 and 300 “poor”, 301 and 400 “very poor” and that between 401 and 500 is categorised as “severe”.