Rs 30,000 crore via agri cess will go to states to improve APMC infra: FM

Finance minister on Saturday clarified that the Union Budget proposal of collecting Rs 30,000 crore through Agriculture Infrastructure and Development Cess will go to states so that mandi infrastructure can be improved.

Amid ongoing protests by farmers and the Opposition to repeal controversial farm laws, Sitharaman said that not even one Agricultural Produce Market Committee (APMC) has been shut in any state, and instead the Budget makes provision to strengthen such market places for farmers. She was replying to a general debate on the Budget for 2021-22 in the Lok Sabha.

Taking a dig at Congress leader Rahul Gandhi, Sitharaman said that the United Progressive Alliance government can take credit for MGNREGA, but at the same time should own up to mismanagement in the rural employment scheme.

“The moment schemes are given birth, they are misused to favour cronies,” she said. “Hum do humaare do” comes here, she added.

Gandhi had taken a dig at the BJP government earlier for promoting “crony capitalism”, calling the government “hum do humaare do”.

She said the Congress government made huge budget allocations for the scheme, but

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NCLT raps Amazon in Future case: Don’t be a ‘perpetual objector’

The (NCLT) on Friday told that it should not be a “perpetual objector” and the e-commerce giant had no locus standi in Future Group’s plea to hold a shareholder meeting, according to reports. The tribunal also reserved its orders on the matter regarding nod to Future Group to hold the shareholder meeting for consolidation of assets.

The Mumbai Bench of the asked both parties to file written submissions. The next hearing in the matter would be held on February 15.

Future Group had moved an application in the under Section 230-232 of the Act, 2013, seeking its approval to hold a shareholder meeting, but sought to intervene and also objected to it as related cases pertaining to the deal struck between the retail giant and were pending before the and the

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argued before the tribunal that the emergency arbitrator’s order barred from taking any step to dispose of assets. But, the observed

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Canada Authorizes First Exchange-traded Bitcoin Fund

Canada’s main securities regulator has cleared the launch of the world’s first exchange-traded bitcoin fund, the investment manager and the regulator said Friday, giving retail investors greater access to the booming cryptocurrency.

The Ontario Securities Commission gave Purpose Investments Inc. the nod to roll out the Purpose Bitcoin ETF (exchange-traded fund) on the Toronto Stock Exchange.

It is to start trading under the ticker BTCC “as early as next week,” a company spokesman told AFP.

“The ETF will be the first in the world to invest directly in physically settled bitcoin, not derivatives, allowing investors easy and efficient access to the emerging asset class of cryptocurrency without the associated risk of self-custody within a digital wallet,” the asset management company said in a statement.

Gemini Trust Company will be sub-custodian for the fund, while CIBC Mellon Global Securities Services will administer it.

The Ontario Securities Commission has cleared Purpose Investments to launch the world’s first exchange-traded bitcoin fund

Launched in 2009, bitcoin has been on a meteoric rise since March, when it stood at $5,000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.

It hit a record-high near $45,000

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