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New Delhi : The Central Government has decided to use the postal network for distribution of subsidised pulses and release more channa from buffer stock to ensure availability of these commodities at reasonable prices during the ongoing festival season.
Exelixis announced on Friday that the European CHMP has adopted a positive opinion for cobimetinib in combination with vemurafenib for the treatment of advanced melanoma. Cobi is a selective MEK inhibitor and received its first regulatory approval recently. Cobi, in combination with vemurafenib, has been approved by Swiss regulators for the treatment of patients with advanced melanoma. The drug is likely to get a nod from the U.
New Delhi : State-owned trading firm MMTC to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in a lots of five kg bars. The scheme, which was announced in the Budget 2015-16, was launched on November 5, and a total of 2.8 tonnes of gold have so far been collected from 105 depositors, Finance Ministry had informed Parliament in May. The proposal to auction gold was discussed in a meeting recently by commerce and finance ministries, sources said, reports PTI.
State-run MMTC is looking to import 5,000 tonnes of pulses to keep the domestic prices under control by increasing the availability of lentils.
State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC).
Ved Prakash, CMD of MMTC says the company is likely to post a higher operating profit in the fourth quarter and FY16 PAT will be higher by 25 percent year-on-year
Indian Overseas Bank (IOB) has become the first bank to commence sale of Indian Gold Coin (IGC) in the domestic market.
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New Delhi : India needs to import 65 lakh tonnes of pulses this year to meet the domestic shortfall, Food Minister Ram Vilas Paswan said today and assured that the government will not allow prices to rise in any circumstances.
MMTC promoted Neelachal Ispat Nigam Ltd (NINL) is readying to hike prices of pig iron in the range of Rs 300-500 a tonne on the back of a record spike in global iron ore prices by 17 per cent.NINL, where MMTC holds 49.9 per cent stake, is the
The government has set a floor price of `122 per share for the sale that will help raise a little more than `5,000 crore
Budget for 2016-17 in a bid to protect consumers from price rise in essential food items. The PSF, announced in the previous Budget with a corpus of Rs 500 crore, was initially being handled by the Agriculture Ministry. It used funds to intervene in the market to boost supply of onion and pulses to check price rise..
Union Budget 2016: Government is likely to increase the allocation for the Price Stabilisation Fund (PSF) by 80 per cent to Rs 900 crore in the Budget for 2016-17 in a bid to protect consumers from price rise in essential food items.
Fund would continue to be used for importing pulses as output expected to be lower at 17.33 mn tonnes
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