FCI starts probe into paddy recycling by millers in Odisha
The Morning Standard|November 11, 2024
The Food Corporation of India has begun a joint physical verification of paddy by associating teams of the state government in major rice mills in western Odisha districts where alleged massive recycling of custom milled rice has been reported to the central government.
BIJOY PRADHAN
FCI starts probe into paddy recycling by millers in Odisha

The order for joint physical verification came in the wake of a direction from the Ministry of Consumer Affairs, Food and Public Distribution. The ministry acted upon a complaint about massive corruption in physical verification of paddy at millers' points without taking photographic evidence of the stock for custom milling.

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Budget Should Address Ailing Affordable Housing Market: Realty Sector
The Morning Standard

Budget Should Address Ailing Affordable Housing Market: Realty Sector

The real estate sector is seeking big reforms from the upcoming Union budget for FY26 (to be tabled on Feb 1, 2025) to revive sentiments amid a decline in transaction activity.

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1 min  |
January 07, 2025
'Venture capital-backed companies surpass $50 bn in public market cap'
The Morning Standard

'Venture capital-backed companies surpass $50 bn in public market cap'

THE country's start-up ecosystem is increasingly becoming a driving force behind the country's economic progress, with VC-backed companies crossing $50 billion in public market capitalization, said Shekhar Kirani, Partner at Accel.

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1 min  |
January 07, 2025
The Morning Standard

Telcos May Report 5-6.5% QoQ Rise in ARPU in Q3

TELECOM service providers are expected to report a 5-6.5% quarter-on-quarter (QoQ) increase in average revenue per user (ARPU) in their Q3FY25 results, according to a report by Centrum.

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1 min  |
January 07, 2025
HMPV virus fears drag mkt down
The Morning Standard

HMPV virus fears drag mkt down

Sensex ended 1.6% lower at 77,965, while Nifty declined 1.6% to settle at 23,616

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1 min  |
January 07, 2025
The Morning Standard

RBI Consolidates Credit Information Reporting

CONSOLIDATING its directions on credit information reporting in a master circular, the Reserve Bank on Monday asked credit information companies (CICs) to alert customers when their credit information reports (CIRs) are accessed while making it mandatory on credit institutions (CIs) like banks and non-banks, to provide reasons for rejecting data correction requests from individuals.

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1 min  |
January 07, 2025
Pope Francis names first woman to head Vatican office
The Morning Standard

Pope Francis names first woman to head Vatican office

POPE Francis on Monday named the first woman to head a major Vatican office, appointing an Italian nun, Sister Simona Brambilla, to become prefect of the department responsible for all the Catholic Church's religious orders.

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1 min  |
January 07, 2025
Korean investigators seek extension of warrant as they fail to detain Yoon
The Morning Standard

Korean investigators seek extension of warrant as they fail to detain Yoon

IMPEACHED South Korean President Yoon Suk Yeol evaded arrest after a Monday deadline passed, but anti-graft investigators were likely to be granted more time to enforce the warrant.

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1 min  |
January 07, 2025
The Morning Standard

Musk trying to undermine UK democracy, says Starmer

BRITISH Prime Minister Keir Starmer on Monday condemned 'lies and misinformation' that he said are undermining UK democracy, in response to a barrage of attacks on his government from Elon Musk.

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1 min  |
January 07, 2025
Far right in Austria to form govt first time since WW2
The Morning Standard

Far right in Austria to form govt first time since WW2

THE leader of Austria's Freedom Party received a mandate on Monday to try to form a new government, which would be the first headed by the far right since World War II if he succeeds.

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1 min  |
January 07, 2025
The Morning Standard

Ready to free 34 hostages, says Hamas

A Hamas official said on Sunday the group was ready to free 34 hostages in the \"first phase\" of a potential deal with Israel, after Israel said indirect talks on a truce and hostage release agreement had resumed in Qatar.

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1 min  |
January 07, 2025