Bad bank opposed

• New Delhi, April 25: Coming out strongly against the setting up of a bad bank, NITI Aayog vice-chairman Arvind Panagariya today said private asset reconstruction companies could do a better job in tackling non-performing asset. The advisory body also pitched for taxing agriculture income to broadbase the tax net. "A bad bank is a difficult thing to do... Public-owned ARC is often called the bad bank. Private-owned ARC ultimately can be more effective," Panagariya said.

Start-up

• Calcutta, April 25: The department of industrial policy and promotion (DIPP) has launched a single portal for all stakeholders in the startup sector in the country. A DIPP official said at an event of StartFed at the Bengal Chamber of Commerce and Industry here today.

Shapoor Mistry

• New Delhi, April 25: Tata group hospitality firm Indian Hotels Co Ltd today said Shapoor Mistry, the elder brother of Cyrus Mistry, has resigned as a director of the company with immediate effect.

Farm output

• New Delhi, April 25: The country is likely to produce an all-time high 273 million tonnes (mt) of foodgrain in the 2017-18 crop year starting July and maintain 4 per cent farm growth, anticipating a good monsoon.

Price fear

• New Delhi, April 25: Upside risks to inflation persist despite prediction of a good monsoon and might deter the RBI from going in for a rate cut in near future, says a Dun and Bradstreet report.