Forex reserves up $1.9 bn to $642 bn

Mumbai: India’s forex reserves have increased by $1.919 billion to $642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold, the RBI said on Friday. Foreign currency assets, a major part of the overall reserves, increased by 1.363 billion to $578.462 billion for the reporting week, the RBI said. PTI

New Delhi

FinMin invites suggestions on taxation from industry

The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23. The ministry invited suggestions for changes in the duty structure, rates, and broadening of tax base on both direct and indirect taxes giving economic justification for the same. PTI

New Delhi

Ola begins pilot of quick grocery delivery in B’luru

Ride-hailing platform Ola has started piloting a quick delivery service for items like grocery, personal care and pet care products in Bengaluru, making a foray into the quick commerce sector, according to sources. The service is aiming for a sub-15 minute delivery timeline, they added. PTI

New Delhi

R’sthan asks C’garh for coal blocks development

Weeks after several states faced an energy crisis due to depleting coal stocks, the Rajasthan government has asked Chhattisgarh to fast-track the development of its two coal blocks in the state to help aid electricity production and ward off any blackouts. PTI