Category: Business

Govt to unveil food bill in Parliament today

The central government of the country is all set to unveil the food bill, as a move to give legal right on cheaper food-grains to 63.5 percent of nation’s population, in the Lok Sabha on Thursday.

Talking to media, the food minister KV Thomas said, “The National Food Security Bill will be introduced in Lok Sabha tomorrow.”

Food minister was talking to media in New Delhi on the sidelines of the 77th Annual General Meeting (AGM) of Indian Sugar Mills Association (ISMA).

He told media that permission was granted by the speaker to introduce the bill and the food gain bill would be soon preferred to the Parliamentary Standing Committee.

When asked to food minister that if concerns raised by some opposition parties, including AIADMK, the minister said, “The bill has been prepared after wide consultations in last two-and-a-half years among various stakeholders including state governments”. Read more

Ravi Ruia quits as Chairman of Essar Energy

Essar Energy Ravi Ruia 300x195 Ravi Ruia quits as Chairman of Essar EnergyAfter alleged by CBI in 2G Scam, Ravi Ruia, chairman of Essar Energy, now has maed an announcement to step down from his post.

The Essar Group Company release a report and said that The decision was taken voluntarily following allegations by India’s Central Bureau of Investigation (CBI) that Ruia, certain other executives of the Essar Group, and Essar Teleholdings Limited.

Now Ruia will continue as a director of the London-listed Essar Energy, part of the FTSE 100 benchmark index. The company was listed in 2009.

The company added in release, “There are no charges of bribery or corruption or collusion with public servants (as compared to the other prosecutions being pursued in the 2G spectrum scam).” Read more

Katrina Kaif is the most searched Indian Celebrity: Google

Katrina Kaif 150x150 Katrina Kaif is the most searched Indian Celebrity: GoogleRecent reports state that Bollywood actress Katrina Kaif has been named as the most searched person online in India in 2011. The results were issued by search engine major Google.

The Britain-born Indian actress won the race leaving behind anti-corruption activist Anna Hazare.

Meanwhile, the study report was issued by Google with the topics and persons that Internet users in India searched the most in this year.

However, Anna Hazare tops the list in the category of ‘Fastest Rising People’, it is the list that includes person that have increased interest of Internet users. Kingfisher model Poonam Pandey is the second in that list. Read more

Rupee drops 36 paise against UD dollar

indian rupee 300x192 Rupee drops 36 paise against UD dollarAs per the latest business news, the Indian currency further drops 36 paise against the UD dollar and reached the mark of Rs 53.06 per US dollar in early trade Monday.

Further, the fall is considered after the quick gains recorded by the American currency against other peers overseas among the fewer opening in the local equity market.

On the other hand, the Indian currency has recorded a sudden gain of 94 paise to close at Rs 52.70/71 as compared to the US dollar in the earlier session on fresh selling of the United States currency after the Reserve Bank of India (RBI) took steps to slowndown the fall of the Indian currency. Read more

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