Country Financial News

coal stock with thermal power plants and Coal India Ltd, coal minister Pralhad Joshi said on Tuesday. Almost 80 million tonnes of coal are available at plants and with the state-owned miner, he wrote on microblogging site X. The minister's comments come in the wake of rising electricity demand because of the humid weather and higher irrigation due to dry spells in some regions.

Poland's President Andrzej Duda confirmed Tuesday that Russia has begun shifting some short-range nuclear weapons to neighboring Belarus, a move that he said will change the security architecture of the region and the entire NATO military alliance. Both Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko said last month that Moscow had already shipped some of its tactical nuclear weapons to Belarus after announcing the plan in March. The U.S.

China's leader Xi Jinping told the BRICS bloc of nations on Tuesday that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for a summit of the BRICS countries Brazil, Russia, India, China and South Africa, made the remarks in a prepared statement read by Chinese Commerce Minister Wang Wentao at a business forum.

Software companies have a point in asking GoI for changes to local value addition rules for public procurement. Software value chains are typically global with the intellectual property (IP) residing in one country, research being conducted in a second, and development happening in a third. Government local sourcing orders are broad, leaving nodal ministries to decide how to determine it.

grown-up persons meeting outside the ambit of Matchmaking Central. Will sparks fly this time? Will it be a damp squib in keeping with the relations between the countries these two people come from? Narendra Modi and Xi Jinping being in the same place (Johannesburg) around the same time (from yesterday afternoon till tomorrow) has got all tongues and tails wagging.

Women's World Cup champions during an audience at the presidential palace on Tuesday and later slammed the head of the Spanish soccer federation for kissing a team member on the lips without her consent. «You have achieved something very important.

₹4,000 is all that the family can afford. “My priority is to educate my children," says Srivastava, and the number of days that she does not switch on her sewing machine are few. But the rising mercury has been distressing.

By Andrea Shalal and David Ljunggren

GST rules for online sellers, Softbank-backed Meesho aims to add 1 crore merchants on its platform by 2027, a top official of the company said on Tuesday. Meesho is the first e-commerce company in India to turn profitable at the group level (consolidated profit) and expects the momentum to continue, Meesho CEO Vidit Aatrey claimed. «We have 1.3 million (13 lakh) sellers on our platform. The recent change in policy to allow more sellers without GST is a big boost.

Indian rupee today staged a strong rebound, posting its biggest single-day gain in nearly a month and a half. A pullback of the greenback from recent peaks while dollar inflows also aided the Indian currency. Pakistan’s rupee declined to a new low amid the country's deteriorating external finances. The spot Indian rupee today closed at 82.9350 against the US dollar, up 17 paise from its previous close of 83.1075 on Monday.

Luna-25 probe, which crashed onto the surface of the moon over the weekend, reflects the endemic problems that have dogged the Russian space industry since the 1991 collapse of the Soviet Union. Those include the loss of key technologies in the post-Soviet industrial meltdown, the bruising impact of recent Western sanctions, a huge brain drain and widespread corruption.Yuri Borisov, the head of the state-controlled space corporation Roscosmos, attributed the failure to the lack of expertise due to the long break in lunar research that followed the last Soviet mission to the moon in 1976. «The priceless experience that our predecessors earned in the 1960-70s was effectively lost,» Borisov said.

Joe Biden signed the Inflation Reduction Act into law. The new legislation goes beyond the goal of price control stated in its name. The Inflation Reduction Act works in tandem with other new legislative proposals such as the American Rescue Plan and the CHIPS and Science Act to pivot the US towards active government intervention in industry, through direct investments, tax credits, subsidies and some import tariffs.

NEW DELHI : India and Iran have agreed not to seek commercial foreign arbitration for disputes between users and operators at Chabahar Port, paving the way for the two sides to sign a long-term deal for the development of the strategic port, two persons aware of the development said. They said a team from the ministry of port and shipping is expected to visit Iran in September to try and reach an agreement over the rules of engagement and mode of arbitration. This would be followed up with the two countries reaching a formal agreement for long-term operation of the port located in South-east Iran, with an unhindered sea route to India’s West coast.

NEW DELHI : India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. Refiners imported 79.4 million metric tonnes of crude oil for $41.6 billion during April-July, compared to 81.3 MMT for $64.3 billion in the same period of last fiscal, according to the Petroleum Planning & Analysis Cell (PPAC). This fall in import expense for the refineries and oil marketing companies (OMC) comes in the backdrop of around 30% fall in international crude oil prices.

Global Investors Summit, 2023. CM Dhami has requested Prime Minister Narendra Modi to inaugurate the summit which is scheduled to be held in Uttarakhand in November this year. The meeting was held at Hotel Pacific, Dehradun.

NEW DELHI : India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. Refiners imported 79.4 million metric tonnes of crude oil for $41.6 billion during April-July, compared to 81.3 MMT for $64.3 billion in the same period of last fiscal, according to the Petroleum Planning & Analysis Cell (PPAC). This fall in import expense for the refineries and oil marketing companies (OMC) comes in the backdrop of around 30% fall in international crude oil prices.

Greece, a tragic development emerged when 18 bodies were discovered in a forested area of northern Greece, which has been engulfed by wildfires for the past four days, according to the Greek fire service.

rice fortification programme before the scheduled target of March 2024, a top food ministry official said on Tuesday. Prime Minister Narendra Modi, in his Independence Day address in 2021, said the government aims to distribute fortified rice via the government schemes by 2024. Thereafter, a scheme for the distribution of fortified rice, containing prescribed micronutrients (Iron, Folic Acid, Vitamin B12) was launched in October 2021 in a phased manner in order to address the problem of anaemia in children and women. In April 2022, the Cabinet Committee on Economic Affairs (CCEA) approved the supply of fortified rice throughout the Public Distribution System (PDS), Integrated Child Development Services (ICDS), Pradhan Mantri Poshan Shakti Nirman-PM POSHAN (erstwhile Mid-Day Meal Scheme) and other welfare schemes in all states and Union Territories (UTs) by 2024 in a phased manner. The entire cost of rice fortification, which is around Rs 2,700 crore per annum, would be borne by the Centre as part of the food subsidy till its full implementation up to June 2024. «We had planned to complete the universalisation of fortified PDS rice by March 2024.

₹2,000 crore to bring new extrusion and fabrication technologies to India that are critical to building Vande Bharat trains in the country, Kumar Mangalam Birla, chairman, Hindalco Industries Limited, said at the company’s 64th annual general meeting (AGM). “We are even more excited to partner Indian Railways and the passenger coach manufacturing ecosystem for the ambitious high-speed Vande Bharat trains.

Narendra Modi, Chairman of several corporate groups like Anand Mahindra of Mahindra Group, Rishad Premji of Wipro, Nithin and Nikhil Kamath from Zerodha, sports personalities like Sachin Tendulkar, politicians and several social workers in the country. During his trip to India, the Microsoft co-founder also met several social workers of whom he talked and shared extensively while sharing his visit to India as well.

The United States has long been viewed as a land of opportunity with thousands of Indians making a bid to work and study abroad every year. Against this backdrop a Bengaluru-based techie has gone viral for his decision to work and ultimately settle in India. Google employee Aanshul Sadaria opined that the ‘standard of living in India can be amazing’ and flagged the many benefits of remaining within the country.