Parliament on Tuesday gave its approval for a net additional spending of Rs 58,378 crore in the current fiscal ending March 2024, with a large chunk allocated to MGNREGA and fertiliser subsidies.

The gross additional spending would be more than Rs 1.29 lakh crore, out of which Rs 70,968 crore would be matched by savings and receipts.

Digital payment companies Razorpay and Cashfree Payments have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators, enabling the fintechs to onboard new merchants after a nearly one-year-old regulatory ban.

The companies said they secured a Payment Aggregator (PA) license from the regulator on Tuesday.

The Department of Expenditure, under the Ministry of Finance, on Tuesday approved an extra borrowing ceiling of over Rs 60,876.8 crore to 22 States in 2023-24 for National Pension Scheme (NPS) contribution. According to the announcement, this will be over and above the net borrowing ceiling for 2023-24.

The normal net borrowing ceiling for states has been fixed at 3 per cent of their gross state domestic product (GSDP).

As the number of active Covid-19 cases in Kerala continued to rise on Monday, Health Minister Veena George emphasised that the state high-level committee is rigorously monitoring the occupancy rate of intensive care units (ICU) beds, oxygen beds, and ventilators across government and private hospitals.

Shares of India Glycols (IGL) surged 11 per cent to Rs 780.70 on the BSE in Tuesday’s intra-day trade on the back of heavy volumes after the company won an ethanol supply order of Rs 1,164 crore from state-owned OMCs and oil companies.

The average trading volumes on the counter jumped over 10-fold today. A combined 1.3 million equity shares had changed hands on the NSE and BSE. The stock of the commodity chemicals firm had hit a 52-week high of Rs 802.65 on September 11, 2023.

In a move that may bring relief to Vodafone Idea (Vi), a telecom tribunal has told the Department of Telecommunications (DoT) to adjust Rs 755.52 crore collected from the ailing telco against its statutory dues, The Economic Times (ET) reported on Tuesday. The sum was collected from Vi as a part of its merger-related liabilities. It has been asked to return within 15 days from December 15.

In 2018, the DoT had asked Vi to pay Rs 3,926.34 crore for its spectrum liabilities linked to the merger between Vodafone and Idea Cellular.

The close aide to the underworld don Dawood Ibrahim, Chhota Shakeel, has called the claims of his boss's poisoned death rumours. He claimed that Dawood was in perfect health and fitness and that these kinds of rumours are occasionally disseminated with malevolent purposes.

Rumours were spreading on social media that Dawood Ibrahim had been poisoned and was admitted to Karachi's hospital.

At least 111 people have been killed in China's Gansu and neighbouring Qinghai provinces after the strong 6.2-magnitude earthquake, state media Xinhua reported, citing local earthquake relief headquarters.

This comes after a 6.2-magnitude earthquake jolted an ethnic county in northwest China's Gansu Province at midnight Monday.

Lok Sabha Speaker Om Birla on Monday suspended 30 members of Parliament (MP)s of the Opposition for the remainder of the Winter Session. The action was taken as the MPs protested inside the House, demanding a statement from Union Home Minister Amit Shah on the Lok Sabha security breach. The suspended members include the Leader of the Opposition in Parliament Adhir Ranjan Chowdhury, Gaurav Gogoi, deputy leader of the party in the House. Trinamool MPs Kalyan Banerjee, Kakoli Ghosh Dastidar, Saugata Ray and Satabdi Roy, and DMK members A Raja and Dayanidhi Maran are also on the list of suspended MPs.

Shares of Siemens soared nearly 9 per cent to a new life-time high at 4,244.55 in Monday's intra-day deals on the BSE after the company announced its plan to consider demerger of its energy business into a separate entity.

At 1:45 PM, Siemens traded with a gain of 7.7 per cent at Rs 4,205. Around 29,000 shares had exchanged hands at the counter, as against the two-week average volume of around 13,000 shares on the BSE.

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