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After tomato, Government to sell onion at subsidised rate of ₹25 a kg from tomorrow

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In order to prevent prices from reaching triple digits before the festive season, the Center, through National Cooperative customers’ Federation of India Limited (NCCF), would begin selling onion to customers from Monday at a discounted rate of 25 rupees per kg through retail stores and mobile vans, Live mint reported.

Also Read: Bengaluru police catches a biker with 40 traffic cases, makes him clear dues on spot

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It imposed a 40% duty on onion exports on Saturday to improve domestic supplies and tame inflation during the upcoming festival season. The government will sell onions at a concessional rate from its buffer stock of 300,000 tonnes. The department concerned, i.e. consumer affairs, on Sunday directed NCCF and NAFED to procure additional 100,000 tonne onion each to achieve the additional procurement target alongside calibrated disposal of the procured stocks in major consumption centres.

The government earlier this month decided to release onions from the 300,000-tonne buffer created this year as part of the price stabilization fund (PSF) to cool onion prices amid the broader trend of rising vegetable costs and so far, dispatched about 1,400 tonnes in states and UTs where retail prices are above the all-India average or are significantly higher than the previous month.

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Seminar on financial literacy held at NIT Srinagar

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The Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE), in collaboration with the National Institute of Technology Srinagar (NIT Srinagar), successfully organized a seminar on financial literacy on Saturday.

Also Read: As smart meters shine, darkness persists: People seek answers to ongoing electricity woes

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The event was aimed at promoting financial education and fostering awareness about capital markets among the students and faculty of NIT Srinagar, according to statement issued to Asian News Hub (ANH).

The seminar commenced with a warm welcome speech by Prof. Adnan Qayoum, the Head of the Department of Humanities, Social Sciences and Management (HSS&M) at NIT Srinagar.

He extended his gratitude to the esteemed guests and participants, emphasizing the significance of financial literacy in today’s dynamic economic landscape.

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The highlight of the seminar was the presence of the Chief Guest, Mr. Shri SVMD Rao, Executive Director of SEBI. Mr. Rao shared insights into the importance of financial literacy and the role of SEBI in regulating India’s securities and exchange markets.

He encouraged the audience to take an active interest in financial education and be prudent investors.

Following the opening address, the seminar featured two technical sessions conducted by eminent guest speakers. The first session was led by Mr. Shri Pranjal Jayaswal, General Manager at SEBI. Mr. Jayaswal provided a comprehensive overview of SEBI’s regulatory framework and its efforts to protect investors and ensure fair market practices.

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The second technical session was conducted by Mr. Joginder Singh, Vice President of NSE. Mr. Singh delved into the intricacies of investing in capital markets, providing valuable insights on market dynamics, investment strategies, and risk management. His session was particularly well-received by the enthusiastic audience.

The seminar also featured an engaging quiz that tested the participants’ knowledge of financial markets and investment principles. It provided a fun and educational way for the attendees to assess their financial literacy.

A lively interactive Q&A session followed the technical sessions, allowing students and faculty to clarify doubts and seek advice from the expert speakers.

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To conclude the seminar, a vote of thanks was delivered by Miss Kanika, expressing gratitude to all the attendees, speakers, and organizers for making the event a success. She also stressed the importance of continued efforts to enhance financial literacy among the youth.

The seminar on financial literacy organized by SEBI, NSE, and NIT Srinagar was a resounding success, leaving participants better informed about the world of finance and investment. It reflected the commitment of these organizations to empower individuals with the knowledge and skills necessary to make informed financial decisions, the statement added.

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Apple unveils iPhone 15 Pro and iPhone 15 Pro Max

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Apple unveils iPhone 15 Pro and iPhone 15 Pro Max, featuring a strong and lightweight titanium design with new contoured edges, a new Action button, powerful camera upgrades, and A17 Pro for next-level performance and mobile gaming.

Also Read: Chaiwalas’ affection for ailing mother makes him role model for young generation

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Apple on Tuesday evening debuted iPhone 15 Pro and iPhone 15 Pro Max, designed with aerospace-grade titanium that’s strong yet lightweight to deliver Apple’s lightest Pro models ever.

The new design also features contoured edges and a customisable Action button, allowing users to personalise their iPhone experience. Powerful camera upgrades enable the equivalent of seven pro lenses with incredible image quality, including a more advanced 48MP Main camera system that now supports the new super-high-resolution 24MP default, the next generation of portraits with Focus and Depth Control, improvements to Night mode and Smart HDR, and an all-new 5x Telephoto camera exclusively on iPhone 15 Pro Max.

A17 Pro unlocks next-level gaming experiences and pro performance. The new USB‑C connector is supercharged with USB 3 speeds — up to 20x faster than USB 2 — and together with new video formats, enables powerful pro workflows that were not possible before.

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iPhone 15 Pro and iPhone 15 Pro Max will be available in four stunning new finishes, including black titanium, white titanium, blue titanium, and natural titanium. Pre-orders begin Friday, September 15, with availability beginning Friday, September 22.

“This is the most pro lineup Apple have ever created, with a state-of-the-art titanium design, the best iPhone camera system yet that enables game-changing new workflows, and the A17 Pro chip, which ushers in a new chapter of performance and games never before seen on iPhone,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing.

“iPhone 15 Pro and iPhone 15 Pro Max represent the best of Apple design and industry-first innovations to help enrich the everyday experiences of our users, while enabling them to unleash their creativity.”

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Cathie Wood’s ARK invest files for first spot Ether ETF

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An exchange-traded fund (ETF) application was submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday by asset managers ARK Invest and 21Shares. The ETF would directly hold ether (ETH), coin telegraph reported.

Also Read: Bitcoin treads water below $26K

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The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.

The fund would custody the assets with Coinbase (COIN) Custody Trust Company.

The news initially sent ether and bitcoin higher, but the rally proved short-lived and both cryptos have returned to prices seen ahead of the filing.
The filing follows a slew of applications for a much-coveted spot bitcoin ETF, including a joint attempt from Ark and 21Shares. The SEC last week delayed decision on all of those applications.
The filing also comes ahead of what’s expected to be SEC approval of the first futures-based ether ETF. A decision from the SEC is expected on or before mid-October.

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The industry will likely push for more crypto ETFs, emboldened by trust issuer Grayscale’s recent court victory against the SEC, broker Bernstein said in a report last month. A spot ETH ETF will be a top contender, the report said, given its similar market structure to BTC with actively traded futures and spot markets on the Chicago Mercantile Exchange (CME), a key regulated marketplace for institutional investors.

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