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VAT exemption on scrap metal bleeding exchequer, killing infrastructure

The Council noted, Sept. 8 -- On July 1, the Finance Act, 2026 came into force. On August 21, barely 52 days later, the Scrap Metal Council (SMC), through its chairperson, issued a desperate press rel... Read More


Cut the waste, deliver the projects

Dar es Salaam, Sept. 8 -- PRIME Ministers directive to councils across the country to cut unnecessary expenditure and channel the savings into priority development projects could not have come at a mo... Read More


Mufindi tightens timber revenue controls

MUFINDI, Sept. 8 -- MUFINDI District Council has tightened controls on timber revenue by ordering that all forest valuations be carried out by qualified forestry experts before any sales are approved,... Read More


ONGC chairman selection: 7 candidates in second round

India, Sept. 8 -- Seven candidates shortlisted for the top job at State-run Oil and Natural Gas Corporation (ONGC) are likely to appear before a search-cum-selection committee this week, as the Govern... Read More


Sensex drops 382 points amid elevated crude prices

India, Sept. 8 -- Benchmark stock index Sensex dropped by 382 points on Monday due to selling in metal, IT and oil and gas shares amid rising crude prices, escalation in US-Iran hostilities and fears ... Read More


Rupee falls 7 paise to close at 94.50 against US dollar

India, Sept. 8 -- The rupee fell 7 paise to close at 94.50 (provisional) against the American currency on Monday as surging crude oil prices and global headwinds offset the support from strong FCNR do... Read More


RBI mops up Rs 6 lakh crore in 2 auctions with mixed response

India, Sept. 8 -- The Reserve Bank of India on Monday mopped up over Rs 6 lakh crore of excess funds from the banking system in two auctions, which saw an underwhelming response from banks despite sur... Read More


State seeks extra Sh650m to fill hole in Uhuru-era fund

Nairobi, Sept. 8 -- The government is seeking an extra Sh650 million from the Treasury in the next budget for the former President Uhuru Kenyatta-era Uwezo Fund, citing increased demand for its loans ... Read More


Tanesco arrests 11 small-scale miners over power theft in Kahama

Tanzania, Sept. 8 -- Kahama. The Tanzania Electric Supply Company (Tanesco) in Shinyanga Region has conducted a special operation at the Mwime Mine in Zongomela Ward, Kahama Municipality, uncovering s... Read More


Hooch tragedy toll in MP rises to 12

India, Sept. 8 -- The death toll in the Sagar hooch tragedy in Madhya Pradesh rose to 12 on Monday after one more person succumbed, while nearly 30 others remained under medical observation, including... Read More