India's largest agri centric commodity futures trading platform, the National Commodity & Derivatives Exchange (NCDEX) is planning to launch futures trading in 'whole raw moong' (not for direct consumption) on July 8.

Moong is one of the highest consuming and trading varieties in the Indian pulses basket.

To boost consumption demand in the economy, the government will provide Rs 70,000-crore capital support to public sector banks (PSBs).

The refinance will depend on the credit growth of banks. This is part of the Rs 2.11 lakh crore outlay that the government had announced in 2016 to recapitalise the banks. However, the finance minister did not announce any measures to ensure that indiscriminate lending is capped.

Budget 2020 has eased the criteria of obtaining Aadhaar card for non-resident Indians (NRIs) who hold an Indian passport and also made some tax-related proposals. Now, Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days. Second, gifts by Indian residents in the form of property or money will be taxable in India.

This Budget is an excellent vision statement to make India a $5-trillion economy. An intermediate goal has been announced for achieving a $3-trillion economy in this financial year.

Emphasis on infrastructure, micro, small and medium enterprises and Digital India are going to be key sectors for achieving 8 per cent growth.

Pension under Swatantrata Sainik Samman Yojna is available to a freedom fighter, his widow or unmarried daughters, the Delhi High Court has held while rejecting a plea for extending it to his widowed daughter.

Justice Vibhu Bakhru was informed by the Centre that the scheme is not available to married daughter of a freedom fighter.

Yes Bank indicated to the stock exchanges on Thursday that it has acquired shares of Eveready Industries amounting to 9.47% of the post-issue paid-up share capital after having invoked its pledged shares.

Yes Bank said it invoked the shares of Eveready Industries India following the default/breach of terms of credit facilities sanctioned by the bank to Mcleod Russel India, which is a group company of BM Khaitan Group.

State-owned Coal India Ltd (CIL) reported a near flat growth in production during the April-June quarter (Q1) this fiscal, although the top management was in favour of keeping a stiffer target despite the muted growth. The company reported a 0.1% growth in production to 136.96 million tonne (MT) in Q1, against 136.85 MT in the year-ago period.

ArcelorMittal’s `42,000-crore resolution plan for Essar Steel was on Thursday approved by the National Company Law Appellate Tribunal (NCLAT), but lenders are staring at a `20,000-crore hit after the appellate tribunal said operational creditors be given 60.7% of their admitted claims.

The lenders are expected to challenge the decision on the distribution of funds in the Supreme Court.

Tata Motors has cut by nearly 50% production of its hatchback Tiago and compact sedan Tigor since May, while also temporarily shutting down at least two production lines of commercial vehicles owing to high inventory at the dealers and little space left at the company stockyard, people aware of the development said.

In ordering a probe, CCI has acted upon complaints Maruti does not permit its dealers to give extra discount to their customers beyond an approved level and if a dealer is found doing so, penalty is levied depending upon the number of incidents found in a particular financial year.

In its order, the CCI has observed that Maruti has indulged in resale price maintenance by fixing the maximum discount which its dealers could offer to end-customers.

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