Country Financial News

Investing.com-- Oil prices edged higher Thursday as traders digested key U.S. inflation data as well as differing cues on supply from the U.S. and the Organization of Petroleum Exporting Countries. 

By Emma Farge

₹4,600 a metric ton from ₹3,300 with effect from March 1, according to a government order released on Thursday, February 29. The government also cut the windfall tax on diesel to zero from 1.50 per litre effective March 1, the order showed. The tax on petrol and aviation turbine fuel will continue to be zero.

NLC India, apart from Ola Electric, Jindal Power and Dalmia Group, are among bidders for 20 blocks in the first tranche of auction for critical mineral blocks in the country. The Union mines ministry on Thursday said it has received more than 50 bids for the 20 critical and strategic mineral blocks in the first tranche, which was launched on 29 November. These blocks consisted of minerals like lithium, glauconite, nickel, PGE, potash, graphite, molybdenum, phosphorite and rare earth elements (REE).

finance ministry said on Thursday. Finance and Corporate Affairs Minister Nirmala Sitharaman chaired a meeting to review the performance of the NaBFID and asked it to introduce a structured partial credit enhancement facility towards deepening bond markets, including for urban local bodies and municipalities. To date, NaBFID has made total sanctions of more than Rs 86,804 crore, with projects spread across the country and in diversified sub-sectors of infrastructure like roads, renewable power, ports, railways, and city gas distribution. Out of the Rs 86,804 crore, 50 per cent has been sanctioned with long tenure of 20 to 50 years.

FSSAI on Thursday said it has awarded 'Eat Right Station' certification to 150 railway stations so far for ensuring safe, hygienic and nutritious food options for passengers. In a statement, the health ministry said, «The Food Safety and Standards Authority of India (FSSAI)'s Eat Right Station initiative is making significant strides in ensuring access to safe and healthy food within these bustling hubs.» Till date, 150 railway stations across the country have been certified as 'Eat Right Stations', ensuring safe, hygienic, and nutritious food options for millions of passengers. The 'Eat Right Station' certification process involves rigorous audits of food vendors, training of food handlers, adherence to strict hygiene and sanitation protocols and efforts to raise awareness among individuals to make informed food choices.

13th ministerial conference (MC13) of the World Trade Organization (WTO) got extended and entered into the fifth day as the 166-members couldn’t reach a consensus on key issues of agriculture, fisheries subsidies, ending the moratorium on imposing customs duties on e-commerce transmissions and dispute resolution reform. Moreover, talks on elements on trade inclusiveness, women’s participation in trade, industrial policy and environment, in the draft Abu Dhabi package also remained unresolved. “Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.

Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association (ACMA) said. These firms have already undertaken more than 500 localisation projects across 11 key component categories including drive transmissions and steering, engines, electricals and body chassis at an investment of over Rs 3,000 crore to reduce net imports by 5.8% (double the target of about 3%), or by Rs 7,018 crore, in the two years to FY22, as per the latest assessment on localisation programmes jointly conducted by ACMA and Society of Indian Automobile Manufacturers (SIAM).

Iran as the country faces a multitude of challenges following a tumultuous period since the last parliamentary elections in 2020. This will be the first elections in Iran since the nationwide anti-government protests of 2022 that were triggered by the death of Mahsa Amini. The previous election in Iran in 2019 were held after major protests.

number of births, the number of marriages in Japan dipped 5.9% to 489,281 in 2023. As per news agency Reuters, this is the first time in 90 years that the number of marriages in a year dropped below 5,00,000. A spokesperson of the Japanese government said that the administration is ready to implement "unprecedented measures" to address the diminishing birth rate.

Mexican citizens will once again need a visa to come to Canada after asylum claims from that country have soared over recent years.

www.dhiindia.com). See his experience at https://www.youtube.com/watch?v=8ZSN6D-l4mQ In a procedure lasting just a few hours, he transformed his life forever with hairs to envy! He chose a DHI clinic in India due to their award-winning “Direct Hair Implantation" technique, which works as per “DHI Total Care System", perfected over the past 50 years by DHI Medical Group. Every hair transplant procedure is performed by highly skilled and trained surgeons who are best in the business.

Bill Gates captioned the video shared on social media platform Instagram.A post shared by Bill Gates (@thisisbillgates) With a roadside tea stall located near the old VCA stadium in the Sadar area of Nagpur, Dolly Chaiwala earned internet fame with his unique approach to tea-making. While his real name remains unknown, Dolly Chaiwala's videos are viral on the internet, accumulating lakhs of views. The tea seller is known to upload various videos while making tea in a his own style, attracting a lot of eyeballs online.

Karnataka Congress MLA also alleged that the BJP has asked the central government to declare Pakistan an enemy state. Earlier on Wednesday, BK Hariprasad, in his speech in the legislative council, claimed that Pakistan may be an enemy country for the BJP, but the Congress considers it as only a neighbouring country. "They (BJP) speak about our relationship with an enemy country.

The Nikkei stock index recorded last week its first new high in 34 years, a fitting tribute to Japan’s re-emergence as a genuinely exciting economy. It also comes amid mounting evidence that Japan has finally broken the hold of deflation. Inflation in January was 2.2%, the 22nd month above 2%.

The first private U.S. spacecraft to land on the moon broke a leg at touchdown before falling over

India has been seeking appropriate and effective special and differential treatment (S&DT) for its small scale fishermen and to keep the policy space for development of its fisheries sector. “There is no consensus in fishing especially deep sea fishing. They are attaching conditions with S&DT,” said an official.

Anant Ambani, a son of Reliance Industries Chairman Mukesh Ambani, and Radhika Merchant, daughter of industrialist Viren Merchant, has an important economic significance. The wedding celebrations will begin on March 1 in Jamnagar, Gujarat, while the couple will tie the knot on July 12. Anant has grown up in Jamnagar so the venue has significance for the Ambani family. But Anant has also said that he was inspired to choose Jamnagar by Prime Minister Narendra Modi's 'Wed in India' call. «It's a matter of pride and happiness when our PM said that one should get married in India,» he said.

Owners of Ford electric vehicles can now use much of Tesla’s charging network in the U.S. and Canada, but there’s a hitch

The leaders of Western Balkan countries have agreed to speed up regional cooperation to benefit more from a new European Union plan of financial aid that will help provide a faster road to membership

Algeria will flex its muscle as a critical supplier for European countries seeking to lessen dependence on Russian gas as it welcomes leaders from other energy rich nations to a summit in Algiers this week