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Mar 16, 2018 08:07 PM IST | Source: Moneycontrol.com

News Live: FDI in agriculture sector up at Rs 611.28 crore till December of FY18

This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.

  • Mar 16, 08:07 PM (IST)

     FDI in agriculture sector up at Rs 611.28 crore till December of FY18

    The foreign direct investment (FDI) in the agriculture sector rose to Rs 611.28 crore till December 2017 of this fiscal, Parliament was informed today.

    "A number of farmers have benefited directly and indirectly from the FDI received in agriculture," Minister of State for Agriculture Gajendra Singh Shekhawat said in a written reply to the Rajya Sabha.

    FDI in agriculture was Rs 515.9 crore in the entire 2016-17 fiscal, Rs 553.14 crore in 2015-16 fiscal and Rs 365.31 crore 2014-15 fiscal, he added. (PTI)

  • Mar 16, 07:51 PM (IST)

    Over 6.25 lakh children smoke cigarette in India daily: Study

    More than 6.25 lakh children in India smoke cigarette every day, a sign of serious public health threat, a global study claimed.

    According to the study — Global Tobacco Atlas — consumption of tobacco claims 17,887 lives in the country every week. However, this is less than average number of deaths caused by smoking tobacco in medium Human Development Index (HDI) countries.

    The report prepared by American Cancer Society (ACS) and US-based Vital Strategies claimed that the economic cost of smoking in India is Rs 18,18,691 million.

    This includes direct cost related to healthcare and indirect cost involving lost productivity due to early mortality and morbidity. (PTI)

  • Mar 16, 07:38 PM (IST)

    Prosecutors have said that former South African President Jacob Zuma will be tired for graft.

  • Mar 16, 07:35 PM (IST)
  • Mar 16, 07:28 PM (IST)

    41 out of 159 foreign branches of state-owned banks in red

    Nearly 25 per cent of the overseas branches of the public sector banks (PSBs) suffered losses in 2016-17, the government informed Parliament today.

    "As per data reported by PSBs, 159 branches of PSBs are operating in foreign countries, of which 41 branches were in loss in the financial year 2016-17," Minister of State for Finance Shiv Pratap Shukla said in a written reply to the Lok Sabha.

    The country's largest lender State Bank of India (SBI) led the pack with nine of its overseas branches in the red. It was followed by Bank of India and Bank of Baroda with eight and seven branches, respectively.

    Shukla further said that a reforms agenda based on recommendations made by Whole Time Directors and senior management of PSBs has been referred by the government to lenders for appropriate action, as per approval of bank boards. (PTI)

  • Mar 16, 07:12 PM (IST)

    Over 40 crore railway tickets booked at reservation counters in 3 years: MoS Railways Rajen Gohain

    More than 40 crore tickets were booked from reservation counters at railway stations in the last three years, the government informed Parliament today, which shows that even with increasing online bookings, and people are still using such counters.

    In a written reply in Rajya Sabha, Minister of State for Railways Rajen Gohain said that there are a total of 3,458 reservation centres around the country and more than 40.53 crore tickets were booked from such counters in the past three years.

    In 2015-2016, around 14.88 crore tickets were booked from reservation counters, in the following year, 14.03 crore tickets were booked the same way, while in 2017-2018 (till February 2018) around 11.62 crore tickets were booked from the counters, the minister said. (PTI)

  • Mar 16, 06:57 PM (IST)

     Loss of Rs 36,000 crore in Rafale deal even as Army begs for money: Rahul Gandhi

    Congress president Rahul Gandhi today again trained his guns on the government over the Rafale fighter jets deal, alleging that it had caused a loss of Rs 36,000 crore to the state exchequer even as the Army "begs" for more money.

    He also alleged that Dassault Aviation, the French company that manufactured the fighter jets, had called the "lie" of "RM" (Raksha Mantri or Defence Minister) Nirmala Sitharaman by releasing the price of the aircraft.

    Gandhi highlighted the price the BJP government paid for the fighter jets, the figure finalised by the erstwhile UPA regime led by Manmohan Singh for purchasing the aircraft and the amount Qatar had paid for the same. (PTI)

  • Mar 16, 06:41 PM (IST)

    Over 1,700 card, net banking-related frauds reported in 2017

    Over 1,700 cases of fraud related to credit/debit card and Internet banking with the extent of losses touching Rs 71.48 crore were reported in 2017, Parliament was informed today.

    A total of 1,785 cases related to credit/debit card and Internet banking for amounts involving Rs 1 lakh and more were reported last year, Minister of State for Electronics and IT K J Alphons said in a written reply to Rajya Sabha. He added that the extent of losses in these cases totalled Rs 71.48 crore. (PTI)

  • Mar 16, 06:27 PM (IST)

     Replace 'Sindh with 'Northeast': Congress MP wants amendment in national anthem

    A Congress MP today moved a private member resolution in the Rajya Sabha to replace the word "Sindh" in the national anthem with the "Northeast" saying there is no point "glorifying" a place of a hostile nation.

    Assam Pradesh Congress Committee President and Rajya Sabha MP Ripun Bora also said when the national anthem was adopted in 1950, the then President Rajendra Prasad had said if required the anthem would be amended in future.

    "There is no mention of the Northeast in the national anthem but has the mention of Sindh, which is now part of Pakistan. Why are we glorifying a place of a hostile nation? There is no point," he told PTI.

  • Mar 16, 06:13 PM (IST)

    56 awaiting repatriation as Pakistan not confirming nationality: government to Supreme Court

    The Centre has told the Supreme Court that 56 persons, believed to be Pakistani nationals who are under detention in India, are not being repatriated as the Pakistan government has not yet confirmed their nationality.

    Due this reason, these persons have been under detention in spite of completing their sentences or no offence having been made out against them, the government said.

    The issue of confirmation of their nationality was being taken up "regularly" with the Pakistan High Commission through the Ministry of External Affairs and these 56 persons can be repatriated as soon as their nationality is confirmed by Islamabad, it said. (PTI)

  • Mar 16, 05:57 PM (IST)

     Confident that Shiv Sena won't support TDP's no-trust motion: CM Fadnavis

    Expressing hope that the 'rashtravadi' (nationalist) and Hindutva forces will stay together, Maharashtra Chief Minister Devendra Fadnavis exuded confidence that Shiv Sena won't support the no-confidence motion against the NDA government.

    The statement came after the Telugu Desam Party (TDP) moved a no-confidence motion against the BJP-led government in the Lok Sabha today, following TDP president N Chandrababu Naidu's announcement that his party was exiting the National Democratic Alliance.

    "There have been no talks with Shiv Sena chief Uddhav Thackeray as yet. The seniors in our party (BJP's central leadership) will do that. However, I am confident that the 'rashtravadi' and Hindutva forces will stay together," Fadnavis told reporters. (PTI)

    Expressing hope that the 'rashtravadi' (nationalist) and Hindutva forces will stay together, Maharashtra Chief Minister Devendra Fadnavis exuded confidence that Shiv Sena won't support the no-confidence motion against the NDA government.

    The statement came after the Telugu Desam Party (TDP) moved a no-confidence motion against the BJP-led government in the Lok Sabha today, following TDP president N Chandrababu Naidu's announcement that his party was exiting the National Democratic Alliance.

    "There have been no talks with Shiv Sena chief Uddhav Thackeray as yet. The seniors in our party (BJP's central leadership) will do that. However, I am confident that the 'rashtravadi' and Hindutva forces will stay together," Fadnavis told reporters. (PTI)

  • Mar 16, 05:39 PM (IST)

    FLASH | October-December current account balance at USD 13.5 billion vs USD 8 billion (YoY), 2 percent of GDP: RBI

  • Mar 16, 05:39 PM (IST)

     1.04 lakh panchayats ready for broadband connectivity

    Over 1.04 lakh gram panchayats have been made "service ready" for providing broadband connectivity as on March 11 under Bharat Net project, Parliament was informed today.

    Bharat Net project aims at providing broadband connectivity to all 2.5 lakh gram panchayats (GPs) in the country in a phased manner.

    The first phase, which was to connect one lakh GPs, has already been completed. (PTI)

  • Mar 16, 05:34 PM (IST)
  • Mar 16, 05:27 PM (IST)

    At Adecco Group, CEO’s office is your classroom for one month

    Fancy being a company's chief executive officer, but don't have the experience? Don't sweat.

    Adecco Group, the world’s largest provider of staffing and workforce solutions, is offering an opportunity to candidates from across the world to be its chief executive officer (CEO) for one month.

    Read more here.

  • Mar 16, 05:12 PM (IST)

    Punjab’s Lok Insaaf Party has decides to break alliance with Aam Aadmi Party following Delhi CM and AAP Leader Arvind Kejriwal's apology to Bikram Singh Majithia.

  • Mar 16, 05:06 PM (IST)

     INX media case: Delhi High Court reserves order on Karti Chidambaram's bail plea in INX Media case

    The Delhi High Court today reserved its order on the bail plea of Karti Chidambaram, son of senior Congress leader P Chidambaram, in the INX Media corruption case filed by the CBI.

    The Central Bureau of Investigation opposed the bail application, saying that tampering of evidence and influencing witnesses in the case were a possibility

    The probe agency, represented by Additional Solicitor General Tushar Mehta, alleged that Karti had tampered with certain evidence. (PTI)

    The Delhi High Court today reserved its order on the bail plea of Karti Chidambaram, son of senior Congress leader P Chidambaram, in the INX Media corruption case filed by the CBI. The Central Bureau of Investigation opposed the bail application, saying that tampering of evidence and influencing witnesses in the case were a possibility.

    The probe agency, represented by Additional Solicitor General Tushar Mehta, alleged that Karti had tampered with certain evidence. (PTI)

  • Mar 16, 04:39 PM (IST)

    Here are the top headlines at 4 pm from Moneycontrol News' Sakshi Batra

  • Mar 16, 04:36 PM (IST)

    Exclusive: Govt’s EV subsidy scheme may be extended by 6 months

    Central government’s scheme to subsidise electric vehicles may get extended by a further six months after its validity expires by the end of this month, reports Moneycontrol News’ Swaraj Baggonkar.

  • Mar 16, 04:33 PM (IST)

     Excl: NGOs want industry members away from panel reviewing drug ban

    The All India Drug Action Network - a group of healthcare-focused NGOs - has expressed dismay over government appointing representatives of professional bodies as members to the sub-committee of the Drugs Technical Advisory Board. The move assumes significance as the latter was directed to take a re-look at the banned 344 fixed dose combination drugs by Supreme Court in December last year, reports Moneycontrol News’ Viswanath Pilla.

  • Mar 16, 04:15 PM (IST)

     Govt says it has no plan to discontinue Rs 2,000 note, plastic note trails to start in 5 cities

    The government categorically said there was no proposal to discontinue Rs 2,000 currency note, which was introduced post demonetisation in November 2016. Minister of State for Finance P Radhakrishnan said in a written reply in the Lok Sabha that it had decided to conduct field trials of plastic currency notes of Rs 10 in five cites.

  • Mar 16, 04:09 PM (IST)

     Sensex dives 510 points on political concerns, extends losses for 4th day

    The BSE Sensex dived almost 510 points - its biggest single day fall since February 6 - due to a major sell-off amid political concerns after the Telugu Desam Party (TDP) decided to quit the NDA and moved a no-confidence notice against the government. For the third straight week, the flagship Sensex recorded a fall of 131.14 points, or 0.39%, while the NSE Nifty lost 31.70 points, or 0.3%.

    The Lok Sabha could not take up notices for no-confidence motion against the NDA government with Speaker Sumitra Mahajan saying there was no order in the House and adjourned the proceedings for the day. The 30-share Sensex tumbled by 509.54 points, or 1.51%, its biggest single day fall since February 6 when it had lost 561.22 points, to end at 33,176. The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59%.

  • Mar 16, 03:52 PM (IST)

     Dalmia Bharat’s bid for Binani Cement wins creditor support

    The Committee of Creditors of Binani Cement has approved the resolution plan from a consortium led by Dalmia Bharat out-bidding rival billionaire Kumar Mangalam Birla’s UltraTech Cement. The resolution professional overseeing the sale process will now submit the plan to the National Company Law Tribunal for final approval, Dalmia Bharat said in a filing. Dalmia Bharat made the investment through a 50-50 joint venture with India Resurgence Fund, which is backed by Bain Capital Credit and Piramal Enterprises.

  • Mar 16, 03:41 PM (IST)

    Here are the top headlines at 3 pm from Moneycontrol News' Sakshi Batra

  • Mar 16, 03:38 PM (IST)

     I have been diagnosed with neuroendocrine tumour, says Irrfan

    Actor Irrfan Khan, 51, today revealed that he has been diagnosed with neuroendocrine tumour and is out of the country for treatment.

  • Mar 16, 03:30 PM (IST)

    Daler Mehndi convicted in 2003 immigration case

    A court in Patiala sentenced Punjabi pop singer Daler Mehndi to two year imprisonment for his role in an immigration scandal in 2003, reports PTI. He was held guilty under relevant sections of IPC by the court of Judicial Magistrate first class Judge Nidhi Saini, counsel Gurpreet Singh Bhasin said. A fine of Rs 1,000 was also imposed on the singer, he said. Daler was, however, released on bail bond.

  • Mar 16, 03:27 PM (IST)

    There can't be parallel inquiry by courts, Centre tells SC in PNB fraud case

    The Centre told the Supreme Court that there cannot be a parallel inquiry and monitoring by the court in investigations, reports PTI. It also opposed a suggestion given by the apex court to the Central Bureau of Investigation to file in a sealed cover the status of the probe in the Rs 13,600 crore the Punjab National Bank fraud case.

    A bench headed by Chief Justice Dipak Misra was told by Attorney General KK Venugopal that even before the investigating agencies start probing the matter, people come to courts with public interest litigations. "Is there any justification for anyone to come to this court by filing a PIL and say that the court should be informed about the status of the investigation? There can't be a parallel inquiry and parallel monitoring by the courts."

  • Mar 16, 03:19 PM (IST)
  • Mar 16, 03:13 PM (IST)

    Audi to hike car prices by up to Rs 9 lakh from April

    German luxury car maker Audi said it will increase prices of its vehicles by up to Rs 9 lakh from April 1 to pass on the impact of increased customs duty in the Budget. Prices across its entire model range will increase from April 1 by up to 4% and range from Rs 1 lakh to Rs 9 lakh, the company said in a statement.

  • Mar 16, 03:06 PM (IST)

    Mukesh Ambani says Jio was seeded by daughter Isha in 2011

    Billionaire Mukesh Ambani said his telecom venture Jio, which catapulted India as the world's largest mobile broadband data consuming nation in less than two years, was first seeded by his daughter, Isha, in 2011, reports PTI. "The idea of Jio was first seeded by my daughter, Isha, in 2011. She was a student at Yale (in the US) and was home for holidays. She wanted to submit some course work and she said, 'Dad, the internet in our house sucks'," he recalled.

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