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The National Stock Exchange has removed Adani Ports and Special Economic Zone and Ambuja Cements from the additional surveillance framework. Earlier this month, the exchange had placed three Adani group stocks–Adani Enterprises, Adani Ports, and Ambuja Cements under additional surveillance measures (ASM) to curb excessive volatility.
India's foreign exchange reserves dropped by $1.494 billion to reach $575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday. In the previous reporting week, the overall reserves had jumped by $3.03 billion to $576.76 billion. In October 2021, the country's forex kitty had reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments. For the week ended February 3, the foreign currency assets, a major component of the reserves, decreased by $1.323 billion to $507.695 billion, according to the Weekly Statistical Supplement released by the RBI.
Animal Welfare Board of India (AWBI) on Friday said it has withdrawn the appeal to celebrate February 14 as 'Cow Hug Day' following directions from the government. February 14 is observed as Valentine's Day across the world. "As directed by the competent authority and Ministry of Fisheries, Animal Husbandry and Dairying, the appeal issued by the Animal Welfare Board of India for celebration of Cow Hug Day on 14th February, 2023 stands withdrawn," the board's Secretary S K Dutta said in a notice. It was for the first time that the AWBI had appealed to cow lovers in the country to celebrate 'Cow Hug Day'.
Finance Minister Nirmala Sitharaman made several key statements while speaking during Budget Session in the Lok Sabha on Friday. Addressing the Parliament, she stated that the new tax regime has been made very attractive to encourage economic growth and boost the confidence of investors.
Prime Minister Narendra Modi will throw open the three-day UP Global Investors’ Summit (GIS) 2023, here on Friday. He is also scheduled to address a select group of industry captains on the sidelines of the event. To prepare for the mega event, Lucknow has been given a facelift. The venue, ‘Vrindavan Yojana’ — spread over nearly 70 acres — will become the ground zero for showcasing ‘Brand UP’ to a galaxy of global and domestic industrialists, investors, and economic think-tanks. UP has so far received investment proposals worth Rs 27 trillion from more than 18,000 companies across different sectors, while the government has already signed Memorandums of Understanding (MoUs) with a large number of corporations.
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If India is a bright spot for world, UP is driving growth of country: PM Modi
Prime Minister Narendra Modi on Friday asserted that if India is a bright spot for the world, then it is Uttar Pradesh which is driving the country's growth.
"Today UP has become a hope. If India is a bright spot for the world, then it is UP, which is driving the growth of India.
"Within 5-6 years, UP has established a new identity for itself. Now, UP is being identified by good governance. Now, UP is being identified by better law and order, peace and stability. Now, wealth creators here will get new opportunities," Modi said after inaugurating the "Uttar Pradesh Global Investors Summit, 2023".
Delhi HC allows listing of police plea, challenging Sharjeel Imam discharge order
The Delhi High Court Friday allowed urgent listing of a plea by the city police challenging a trial court's order discharging 11 people, including student activists Sharjeel Imam and Asif Iqbal Tanha, in the 2019 Jamia Nagar violence case.
The plea was mentioned by Solicitor General Tushar Mehta before a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad which allowed it to be listed for hearing on February 13.
The law officer said the court registry has raised certain objections in the petition.
Over 4,900 new MNCs have come up opening new avenues and job opportunities in India: Govt
Around 1,333 multi-national companies (MNCs) have shut down in the country but more than 4,900 new ones have come up opening new avenues and job opportunities, Parliament was informed on Friday.
Responding during Question Hour in the Rajya Sabha, Minister of State for Commerce and Industry Som Parkash said it is normal to see some MNCs get closed and some new to come up.
A total of 1,333 MNCs have been closed down in the country, out of which 313 were foreign-based and 1,017 were their subsidiaries, he said.
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First Published: Feb 10 2023 | 7:56 AM IST