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Category: NEWS CATEGORIES

BUSINESS NEWS CATEGORIES 

Govt imposes restrictions on sugar exports from June 1: DGFT

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The government on Tuesday imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. “Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards,” the Directorate General of Foreign Trade (DGFT) said in a notification. However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ. A specified amount of sugar is exported to…

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NEWS CATEGORIES WORLD NEWS 

Day will come when Pakistan will be able to engage with India diplomatically and economically: Zardari

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Pakistan Foreign Minister Bilawal Bhutto Zardari on Wednesday said he is hopeful that a day will come when his country will be able to engage with India diplomatically as well as economically. “Aaj nahin to kal, that day will have to come. That day we will unlock our full economic potential, and all will share the fruit of prosperity,” Zardari said while talking about various steps required to unlock Pakistan’s economic and trade opportunities, including with its various neighbours. “I hope that day will come in my lifetime, when we…

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NATIONAL NEWS NEWS CATEGORIES 

Kapil Sibal files RS nomination as SP-backed Independent, says he quit Cong on May 16

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Saying that he had resigned from the Congress last week, Kapil Sibal on Wednesday filed his nomination for the Rajya Sabha as an Independent candidate from Uttar Pradesh supported by the Samajwadi Party. Sibal, whose exit from the Congress is another jolt for the electorally battered party, went to the Uttar Pradesh assembly premises to file his papers with SP chief Akhilesh Yadav, Ram Gopal Yadav and other senior leaders. A prominent member of the G23, which had sought an organisational overhaul in the Congress, Sibal’s tenure as Congress’ Rajya…

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LEGAL NEWS NEWS CATEGORIES 

Karnataka HC upholds termination of British Library manager

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The Karnataka High Court has upheld the termination of a manager of the British Library for misconduct. In the process, the HC took a stand contrary to the Employment Tribunal in England, which has statutory jurisdiction to hear many kinds of disputes between employers and employees, as well as the Central Administrative Tribunal (CAT). The HC held that the British Library was the employer of the manager and not the Indian Council of Cultural Relations (ICCR). Ajay Merchant was appointed as the manager of the British Library in Hyderabad in…

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BUSINESS NEWS CATEGORIES 

Markets surrender early gains as metal stocks crack; Tata Steel plunges 12 pc

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Equity indices frittered away a good start to close with modest losses on Monday, pressured by heavy selling in metal stocks after the government imposed export duties on steel-making raw materials to curb soaring prices. The 30-share BSE Sensex opened strong and gained momentum as the session progressed, but came under severe selling pressure in afternoon trade to close 37.78 points or 0.07 per cent lower at 54,288.61. On similar lines, the broader NSE Nifty slipped 51.45 points or 0.32 per cent to end at 16,214.70. Metal stocks took a…

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NEWS CATEGORIES WORLD NEWS 

Biden: US would intervene with military to defend Taiwan

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President Joe Biden said Monday that the US would intervene militarily if China were to invade Taiwan, saying the burden to protect Taiwan is “even stronger’ after Russia’s invasion of Ukraine. It was one of the most forceful presidential statements in support of self-governing in decades. Biden, at a news conference in Tokyo, said yes when asked if he was willing to get involved militarily to defend Taiwan if China invaded. That’s the commitment we made, he added. The US traditionally has avoided making such an explicit security guarantee to…

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NATIONAL NEWS NEWS CATEGORIES 

India, Japan are ‘natural partners’, PM Modi tells Indian community in Tokyo

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 India and Japan are “natural partners” and Japanese investments have played an important role in India’s development journey, Prime Minister Narendra Modi said on Monday as he underlined that the global community is witnessing an extraordinary scale and speed of infrastructure and capacity development in the country. Addressing the Indian community here on the first day of his two-day visit to Tokyo, Modi also said that India’s relationship with Japan is one of strength, respect and common resolve for the world. “India and Japan are natural partners. Japan has played…

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BUSINESS NEWS CATEGORIES 

Excise duty cut: Petrol price slashed by Rs 8.69/ltr, diesel by Rs 7.05/ltr

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 Petrol price on Sunday was slashed by Rs 8.69 a litre and diesel by Rs 7.05 per litre following the government cutting excise duty on auto fuels to give relief to consumers battered by high fuel prices that has also pushed inflation to record high. The government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 per litre reduction on diesel. The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi and Rs…

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NEWS CATEGORIES WORLD NEWS 

Biden highlights Hyundai announcement of $10B US investment

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President Joe Biden tended to both business and security interests Sunday as he wraps up a three-day visit to South Korea, showcasing Hyundai’s pledge to invest at least 10 billion in electric vehicles and related technologies in the United States. Before visiting US and South Korean troops monitoring the rapidly evolving North Korean nuclear threat, Biden said the US was ready for any provocation that Kim Jong Un might deliver. Hyundai’s investment includes 5.5 billion for an electric vehicle and battery factory in Georgia. Appearing with Biden, Hyundai CEO Euisun…

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NATIONAL NEWS NEWS CATEGORIES 

Active COVID-19 cases in country dip to 14,955

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 India logged 2,226 new coronavirus infections taking the total tally of COVID-19 cases to 4,31,36,371, while the active cases dipped to 14,955, according to the Union Health Ministry data updated on Sunday. The death toll climbed to 5,24,413 with 65 fresh fatalities, the data updated at 8 am stated. The active cases comprise 0.03 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.75 per cent, the ministry said. A decrease of 41 cases has been recorded in the active COVID-19 caseload in a…

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