Govt targets 3- fold increase in domestic palm oil output
The government has set the ambitious target for more than three-fold increase in domestic palm oil production, from the current 3 lakh tonnes to 11 lakh tonnes by 2025-26, to reduce India’s high dependence on import of edible oil. To accelerate production and cultivation of oil palm in the country, the government will now put special focus on the North East and Andaman and Nicobar Islands.
RBI extends current a/c rules implementation deadline to Oct 31
The Reserve Bank on Wednesday allowed time to banks till October 31 to implement changes on the current account front, following reports of small businesses being hit with account freezes in the last few days.
Chip shortage to see waiting list get longer for Maruti’s Dzire, Swift and Baleno
Supplies of Maruti Suzuki’s popular models such as the Dzire mini sedan and hatchbacks Swift and Baleno will be impacted as the global semiconductor shortage will mean reduced production at Suzuki’s Gujarat plant which makes the cars.
Eye on UP polls, PM Modi to launch Ujjwala next week
Prime minister Narendra Modi is likely to launch on August 10 the second edition of ‘Ujjwala’, his government’s marquee social welfare programme for giving poor households access to clean cooking fuel, months ahead of the crucial UP assembly polls.
Adi Godrej to step down from GCPL board next month
Veteran industrialist and Godrej Group chairman Adi Godrej will step down from the board of Godrej Consumer Products Ltd (GCPL) next month. After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday.
AI accumulated losses of about Rs 70,820cr till Mar 31, 2020: Govt
Air India has been suffering heavy losses since its merger with Indian Airlines in 2007 and it has accumulated losses of about Rs 70,820 crore till March 31, 2020, minister of state for civil aviation V K Singh said on Wednesday.