Opec cuts output

Doha, Oct. 19: Opec has agreed on an oil output cut of one million barrels a day, but has yet to decide whether it will be based on official quotas or actual production, Venezuelan energy minister Rafael Ramirez said on his arrival in Doha ahead of the cartel’s extraordinary meeting.

NBFC norms

Mumbai, Oct. 19: To regulate the functioning of non-banking finance companies (NBFCs), the RBI has made it mandatory for them to submit statutory auditor’s certificate every year.

Jute order

New Delhi, Oct. 19: The government is preparing an appeal against a Gujarat high court order, striking down a decision of the Union cabinet that made packaging of all foodgrains and sugar for domestic use in jute sacks mandatory.