MET Financial News

Bharatiya Janata Party—chaired by Prime Minister Narendra Modi—on Thursday night met at the party headquarters in the national capital to take a call on the first list of candidates for the upcoming Lok Sabha elections. BJP president JP Nadda, Union Home Minister Amit Shah and Defence Minister Rajnath Singh were among those who attended the meeting.

Delhi High Court on Thursday dismissed a petition by ArcelorMittal India seeking grant of mining lease in Jharkhand's Saranda forest division. A bench of Acting Chief Justice Manmohan and Justice Mini Pushkarna found no merit in ArcelorMittal's petition, saying the approval granted by the Centre to the company in 2007 and 2008 was conditional and no mining lease could be executed in its favour in the absence of the pre-conditions being met. «It is to be noted that till date, the petitioner does not have approval of the Central government under Section 2(ii) of the Forest Conservation Act, 1980. The petitioner also does not have environment clearance under the Environment (Protection) Act, 1986,» the court said.

₹24,420 crore for phosphatic and potassic (P&K) fertilizers, adding three new grades to aid farmers and enhance the productivity of oilseeds and pulses. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilizers' proposal to set nutrient-based subsidy (NBS) rates for the 2024-25 kharif sowing season, which runs from April to September, according to an official statement. “Despite rising prices of fertilizers in the global market, we have decided to keep the prices the same as the last season," said minister Anurag Thakur at a press briefing after the Cabinet meeting.

Congress on Thursday asserted that the situation in Himachal Pradesh is «completely under control» and the BJP has failed in its attempts to «destabilise the elected government» in the hill state. The Congress government faces a crisis after the ruling party in the state lost the lone Rajya Sabha seat despite having the numbers due to cross-voting by some of its own MLAs, who are now siding with the BJP. The six MLAS who cross-voted have been disqualified by the Speaker and are likely to challenge their disqualification from the house. Congress general secretary (communications) Jairam Ramesh said like other states, the BJP started the game of using money power, power of the government and muscle power to destabilise the Congress government in Himachal Pradesh but has failed. «Various things are going around in the media regarding Himachal Pradesh. But we want to say one thing very clearly. The Prime Minister and the so-called 'Chanakya' have completely failed in Himachal. After the intervention of the Congress leadership and the promptness of our observers, the situation there is completely under the control of the Congress,» he said in a post in Hindi on X.

India-Oman strategic partnership close on the heels of Sultan Haitham bin Tarik’s India trip, deputy national security adviser Vikram Misri visited Muscat to explore collaboration in different sectors including possible defence exports to the sultanate. During Misri’s visit, discussions were held on strategic, military and security cooperation including defence exports, and maintenance of Oman’s ports apart from cooperation in disaster management, oceanography and artificial intelligence, ET has learnt. The deputy NSA also met Gen Sultan bin Mohammed Al Nomani, minister of the Royal Office in Oman and a key figure in the country’s decision-making process. The two sides also gave a push to a bilateral trade deal which could be concluded in a record time.

farm subsidies at the World Trade Organization (WTO) remained stuck on the third day of 13th Ministerial Conference (MC13) with countries sticking to their respective positions. Developed countries are not yielding to the «legitimate» demands of developing nations, officials said, adding that an outcome on the ministerial is expected to be delayed to Saturday instead of Friday. The European Union and the United States also blocked pro-development agenda in the draft Abu Dhabi package such as India's proposal, backed by many countries, to lower the cost of cross-border remittances, and a paragraph on debt on «trade-related approach» to mitigate challenges on increasing levels of debt and global financial crises.

said. Top Congress leader Bhupinder Singh Hooda and DK Shivakumar reached Shimla on Wednesday to engage with the disgruntled party MLAs.

unconditional support. Reliance scion Anant Ambani, who is all set to tie the knot with his fiancee Radhika Merchant, recently revealed how she had been a source of unconditional support when he was experiencing personal setbacks. In a candid interview with India Today, Ambani described Merchant as “the person of my dreams,” and fondly recollected how they transitioned from childhood besties to life-partners. “I am lucky (to have her) for sure. She is the person of my dreams. Since childhood, I had thought that I would never get married because I was always devoted to taking care of animals. But when I met Radhika, I saw her sharing the same values as me. She has this sense of giving and nurturing towards animals.”

mining and mineral sector. Besides these, Annual Capacity Building Plan for Geological Survey of India (GSI) will be released during the event. First round of critical mineral bids was called in November 2023. This was made possible after an amendment to the Mines and Minerals (Development and Regulation) Act earlier this fiscal. The centre also notified 24 minerals as being Critical and Strategic for the country, demand for which are usually met by imports. Critical minerals cater to the needs of sectors like renewable energy, defence, agriculture, pharmaceutical, high-tech electronics, telecommunications, transport, and creation of gigafactories among others. The amendment allowed the centre to grant mineral concession and prioritise auction of these resources. The revenue generated from these auctions shall accrue to the State Governments. Subsequently, royalty rates of critical minerals were rationalized to encourage more participation in auctions.

Arvind Kejriwal saying ‘not a single piece of paper brought to LG’s notice, officially or unofficially’ with regard the Aam Aadmi Party (AAP) government's ‘Water Scheme’. In a 7-page letter LG Saxena said, “Water, Finance, Urban Development, all departments concerned with this scheme are fully and totally under CM’s control. LG has no role whatsoever.

Vikramaditya Singh from the council of ministers in Himachal Pradesh has deepened the crisis for Chief Minister Sukhvinder Singh Sukhu-led Congress government in the hill state. The development comes a day after at least six Congress MLAs cross-voted in Rajya Sabha elections, leading to the shocking defeat of Congress leader Abhishek Manu Singhvi to Bharatiya Janata Party's Harsh Mahajan.

Abhishek Manu Singhvi. Notably, the results were tied at 34 votes each, however, ‘draw of lots’ sealed the deal for BJP compounding Congress woes in the hill state as the Chief Minister Sukhwinder Singh Sukhu government looks at a possibility of collapse of the Congress government. Sukhvinder Singh Sukhu, a Congress leader came to power after the Himachal Pradesh Assembly elections in 2022.

By Jihoon Lee

Jammu and Kashmir, on 27 February, a few areas in the higher reaches of Kashmir witnessed fresh snowfall while rain lashed the plains, officials said as reported by PTI. In a weather advisory issued, the MeT office has stated that under the influence of another active western disturbance, widespread moderate rain or snowfall is expected in Jammu and Kashmir and adjoining areas from 29 February night or early morning of 1 March till the afternoon of 3 March, with its peak activity on March 2.

Ukrainian President Volodomyr Zelenskyy has arrived to Saudi Arabia and met the kingdom’s powerful crown prince to push for a peace plan and the return of prisoners of war from Russia

(Updated — February 27, 2024 11:06 AM EST)

Samajwadi Party MLAs met Uttar Pradesh Chief Minister Yogi Adityanath after casting their vote for the Rajya Sabha election, there was speculation of them having cross-voted in favour of the BJP. In response to this development, Samajwadi Party Chief Akhilesh Yadav said that disciplinary action would be taken against the MLAs if they had cross voted. Samajwadi Party MLAs: Abhay Singh, Rakesh Singh, Rakesh Pandey, Vinod Chaturvedi, and Manoj Pandey met CM Yogi Adityanath in the Assembly Secretariat today. «Not everybody has the guts to stand against the government. Pressure is put on everybody, is there anyone who doesn't know that BJP would go to any extent to win. BJP was dishonest during the Chandigarh elections also… When it comes to UP, BJP did everything to get votes and those who left, might not have had the guts to stand against the govt. Action will be taken because our party leaders want such people to be kept away from the party...» said Samajwadi Party Chief Akhilesh Yadav.

Central India on Tuesday. A Met department spokesperson told PTI that several parts of Rajasthan, including Jodhpur, Ajmer, Kota and Jaipur, will likely receive light rain at isolated places in the next 48 hours due to a new western disturbance, on Monday. “There is a possibility of the formation of an induced circulation system in western Rajasthan and surrounding areas due to the activation of another intense western disturbance from March 1," according to the Meteorological Center Jaipur.

government has spent 80% of its revised FY24 budgetary allocation for capital expenditure and 79% of revenue spending until January, a senior official said on Monday, exuding confidence that the revised fiscal deficit target of 5.8% of gross domestic product (GDP) will be met this financial year. In the revised estimate for FY24, the government pegged its budgetary capex outlay at ₹9.5 lakh crore and revenue spending at ₹35.4 lakh crore.

Farmers have clashed with police in Belgium, spraying officers with liquid manure and throwing eggs and flares at them in a fresh show of force as the European Union’s agriculture ministers met in search of ways to address the protesters’ concerns

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