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October 11, 2024

Karnataka SIT to probe Rs 7,000 crore Covid ‘scam’ under Bommai govt

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Karnataka’s cabinet has formed an SIT to investigate alleged Rs 7,200-crore irregularities in Covid-19 medical procurements under former BJP administration. An interim report by a retired judge highlighted these discrepancies and recommended recovering Rs 500 crore from implicated companies. The state’s government plans to await further reports before deciding on additional actions. Read More
October 11, 2024

Grocery bills to rise on commodity pain

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FMCG companies in India plan to hike prices of household essentials, including cooking oil, soaps, and detergents, due to rising commodity costs like palm oil and copra. This move adds upward pressure on inflation, with RBI closely monitoring the situation amidst geopolitical tensions and unexpected weather events affecting global prices. Read More