steadied on Tuesday, supported by stronger U.S. equity futures and a decline in U.S. and European bond yields. In Europe, the Euro STOXX 600 was up 0.1% after a gains on Monday that lifted Germany's index to a record high. In volatile trading in Asia, the Shanghai Composite index fell 1.8% and was close to a correction from a multi-year high on Feb. 18 amid fears of policy tightening. Read more
Uttarakhand Chief Minister Trivendra Singh Rawat
on Tuesday announced his resignation to governor Baby Rani Maurya. The move comes amid speculations in the state political circles about an imminent change of guard. "The party gave me a golden opportunity to serve this state for four years. I had never thought that I would get such an opportunity. The party has now decided that the opportunity to serve as CM should be given to someone else now," said Rawat in Dehradun after meeting governor. Read more
Automobile dealers' body FADA on Tuesday said passenger vehicle (PV) retail sales in February witnessed an increase of 10.59 per cent to 2,54,058 units on account of low base of last year. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,274 out of the 1,481 regional transport offices (RTOs), PV sales stood at 2,29,734 units in February 2020. Two-wheeler sales however declined 16.08 per cent to 10,91,288 units last month, as compared to 13,00,364 units in February 2020. Read more
The Delhi government
presented a Rs 69,000-crore budget themed on "patriotism" for financial year 2021-22 on Tuesday, announcing free COVID-19 vaccination to all in its hospitals in the coming phases of the ongoing inoculation drive. Presenting the budget, Deputy Chief Minister Manish Sisodia said it is based on "deshbhakti" (patriotism) as it pays tributes to freedom fighters and hopes to work towards building the capital and the country, as envisioned by them. Presenting the budget for the seventh consecutive time in the Assembly, Sisodia proposed to allocate Rs 16,377 crore, one-fourth of the total budget, for the education sector while the health sector got Rs 9,934 crore. Read more
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.