New Delhi: Global rating agency S&P has reaffirmed sovereign rating of India with stable outlook, Economic Affairs Secretary Atanu Chakraborty said on Tuesday. The rating comes weeks after another global agency Moody’s Investors Service lowered the country’s rating outlook to “negative” from “stable”. PTI
Onion stock holding limit for retailers, wholesalers halved
New Delhi: In a bid to curb rising onion prices, the government on Tuesday reduced the stock holding limit for retailers and wholesalers to 5 tonnes and 25 tonnes, respectively. Earlier, retailers were allowed to hold onion stock up to 10 tonnes and wholesalers up to 50 tonnes. Now, they can hold half of it, as per an order issued by the Consumer Affairs Ministry. PTI
Muslim parties’ lawyer Dhavan sacked from Ayodhya case
New Delhi/Lucknow: Senior advocate Rajeev Dhavan, who represented Muslim parties in the Ram Janmabhoomi-Babri Masjid title dispute case, on Tuesday said he had been sacked from further appearance and is no longer involved in the plea for a review of the Supreme Court verdict. The AIMPLB, however, said it was hopeful the lawyer would represent the body when it filed a review petition. PTI
Mumbai cops arrest three directors of PMC Bank
Mumbai: The Economic Offences Wing of Mumbai Police on Tuesday arrested three directors of PMC Bank in connection with the ongoing probe into a Rs 4,355-cr scam, taking the number of those held to 12. Jagdish Mookhey, Mukti Bavisi and Trupti Bane were arrested following interrogation in connection with credit facilities given by the bank to HDIL. PTI
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