Chhattisgarh govt employees permitted to invest in shares, mutual funds; intra-day trading to remain prohibited
The General Administration Department has notified the new amendment to the Chhattisgarh Civil Services (Conduct) Rules, 1965, which has been implemented by introducing a new sub-clause under Rule 19, with the objective of ensuring transparency in financial transactions.
However, the notification clearly stipulates that intraday trading, BTST (Buy Today Sell Tomorrow), Futures and Options (F&O), and investment activities in cryptocurrencies shall remain prohibited.
Earlier today, the Nifty ended 88 points lower, while the Sensex closed 288 points lower. Among sectors, the Metal index outperformed, rallying 1.41 per cent, whereas the Realty index lost the most, shedding 1.44 per cent.
India's strong domestic fundamentals, a responsive RBI, and good monsoon conditions have been supporting the financial markets. US markets are hitting all-time highs, and the US dollar is weakening; as a result, emerging markets like India are benefiting.
A comfortable inflation number in India also somewhat supported the domestic equity indices recently. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
an hour ago
- India Gazette
CAQM holds meeting with Haryana, Punjab on air pollution mitigation actions and strategies
New Delhi [India], July 5 (ANI): In a concerted effort to accelerate coordinated action towards abatement of air pollution in the region, the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) under the Chairmanship of Rajesh Verma, held two significant high-level review meetings on July 3. The senior officials of the Commission, along with the Chief Secretaries and senior officers of the two State Governments, Haryana and Punjab, were present at the meeting. According to the release, the review aimed to strengthen interdepartmental coordination in the two States, as mentioned earlier and evaluate the implementation of key sectoral measures for the abatement of air pollution in the region. During the meeting with the State Government of Haryana, a detailed review was done on critical areas such as preparedness for the elimination of paddy stubble burning in 2025, as per the approved Action Plan; the use of paddy straw based biomass pellets in brick kilns and compliance of prescribed emission norms by thermal power plants, including a review on the progress made in r/o minimum 5 per cent biomass co-firing targets for 2025-26, as stated in the release. Other issues reviewed included road dust mitigation strategies, especially a review of the action plan formulated by the State Government for the redevelopment of identified roads and various directions issued by the Commission to curb vehicular emissions. These included the progress made towards liquidation of End-of-Life (EoL) vehicles and installation of Automated Number Plate Recognition (ANPR) camera systems in accordance with Direction dated April 23; fast-tracking of adoption of cleaner mobility vehicles services by motor vehicle aggregators, delivery service providers and E-Commerce entities; migration of all buses entering into Delhi including those operating under All India Tourist Permit and other service regimes to cleaner modes, besides such buses already covered under Direction Nos. 78 and 81; and enforcement of restrictions on the entry of polluting transport/ commercial goods vehicles into Delhi. The progress in phasing out all diesel-operated auto-rickshaws and transitioning inter-city buses to clean energy was also deliberated upon. On the same day, the Commission conducted another review meeting with the State Government of Punjab. The review revolved around the State's preparations as per the approved plan for elimination of paddy stubble burning and implementation of the plan of action for prevention and control of paddy Stubble Burning in 2025, targeting complete elimination; mandatory use of biomass pellets in brick kilns, and compliance of prescribed emission norms by thermal power plants, including the target for co-firing minimum 5 per cent bio-mass during 2025-26. The meeting also took stock of the implementation of directions related to vehicular pollution, including the migration of inter-city buses to cleaner fuel modes and restrictions on polluting transport/ commercial goods vehicles entering Delhi. The Commission emphasised the need for the proactive and timely implementation of all Statutory Directions to avoid deterioration in air quality in the region during the upcoming winter season. In addition to the review meetings held, the Commission's team also made field visits on July 4 to various projects/ installations related to ex-situ utilisation of paddy stubble, including, e.g. Pelletisation Plant, Compressed Bio-gas (CBG) Plant, Biogas Plant, 2G Ethanol Plant and Industrial Boiler in the States of Punjab and Haryana. These visits provided on-ground insights into technological and operational progress made by both States in strengthening ex-situ management of paddy stubble. The Commission reiterated the importance of enhanced coordination, targeted implementation of the Action Plans, and strict enforcement of the Statutory Directions issued by the Commission. CAQM appreciated the efforts made by both State Governments so far and urged sustained action and a shared commitment from all concerned stakeholders to ensure visible and measurable improvements in air quality in the region, particularly in view of the approaching winter season. (ANI)
India Gazette
an hour ago
- India Gazette
India poised to become preferred supplier in defence, aerospace sectors: Piyush Goyal
Bengaluru (Karnataka) [India], July 5 (ANI): Union Minister Piyush Goyal has expressed confidence that India will become a preferred supplier for defence and aerospace given the great relationships it is creating with many other developed countries and said a lot of design and innovation is happening through global capability centres in the country. The Minister, who visited Aerospace Special Economic Zone (SEZ) in Devanahalli, expressed confidence that apart from design and innovation, more and more patents will be filed in India. 'I have absolutely no doubt that in the years to come, particularly given the great relationships that India is creating with many other developed countries, India will become a preferred supplier for defence and aerospace. Already, a lot of design and innovation is happening through global capability centres in India. Now, we will not only design and innovate in India, we will patent in India, produce in India and hopefully become globally relevant partner in supply chains. So, I am truly very optimistic about the potential of this sector,' he said. Asked about scope of collaboration between Indian startups and global aerospace companies, the minister said that SEZ doesn't necessarily have any role in that but there is scope for a bridge or a connection between startups in India and internationally in the space of defence and aerospace. 'I will ask Startup India to see how we can use the services of all these wonderful companies and their connections to see if we can connect the two,' he said. Asked about India's journey towards global aerospace hub, he said this defence and aerospace zone will be the beginning of a path-breaking journey. 'Starting from HAL and now with all these new units coming up, all the other Plants that I see around here, I am quite sure that this defence and aerospace zone will just be the beginning of a path-breaking journey in this field. I have absolutely no doubt that in the years to come, particularly given the great relationships that India is creating with many other developed countries, India will become a preferred supplier for defence and aerospace. Already a lot of design and innovation is happening through global capability centres in India,' he said. (ANI)
India Gazette
an hour ago
- India Gazette
Maharashtra: Work on Mumbai-Ahmedabad bullet train project in full swing
New Delhi [India], July 5 (ANI): The work on the Mumbai-Ahmedabad high-speed bullet train project is going on in full swing in Maharashtra, with major structural and tunnelling milestones being achieved, according to the National High-Speed Rail Corporation Limited (NHSRCL) said on Saturday. According to the NHSRCL, work on all three elevated stations in the state, Thane, Virar, and Boisar, is advancing swiftly, and the first slabs for Virar and Boisar stations have recently been cast. Across the alignment, pier foundations and pier works are underway at various locations, with approximately 44 km of piers cast to date. In the Palghar district, viaduct construction has also commenced using full-span box girder launching technology, starting from the Dahanu area. Additionally, the excavation of seven mountain tunnels in the Palghar district is actively in progress, demonstrating the project's engineering scale and complexity. Bridge construction has also kicked off at three major rivers: Vaitarna, Ulhas, and Jagani, further contributing to the corridor's critical infrastructure. An important component of the project is the 21-kilometre-long underground and undersea tunnel connecting the Mumbai Bullet Train station at Bandra-Kurla Complex (BKC) to Shilphata. Of the 21 km tunnel, 16 km is being excavated using Tunnel Boring Machines (TBMs), while 5 km is being executed using the New Austrian Tunnelling Method (NATM). The tunnel includes a 7 km undersea stretch beneath Thane Creek, marking a significant feat in Indian tunnelling history. So far, approximately 4.1 km of tunnel heading has been achieved through NATM from the Shilphata site, and two concurrent faces have been developed from the ADIT portal. In terms of vertical construction, base slab casting at the Vikhroli shaft (56 meters deep) and Sawli shaft (39 meters deep) has been completed. Additionally, sludge treatment plants are being installed at shaft locations, and the Mahape tunnel lining casting yard is actively producing tunnel lining segments. For the under-construction Mumbai Bullet Train station at Bandra Kurla Complex, 80% of the excavation work has been completed. Base slab casting at 100 ft below ground level has already started at both ends of the station site, NHSRCL added. (ANI)
