Business Archives - Page 46 of 62

Retail inflation declined to 4.87% in Oct from 5.02% in Sept: Govt

editor November 14, 2023

NEW DELHI: According to government data released on Monday, retail inflation decreased to 4.87 percent in October from 5.02 percent in September. In September, the retail inflation rate based on the Consumer Price Index fell to a three-month low of 5.02 percent. The Monetary Policy Committee (MPC) of the Reserve Bank moderated its forecast for CPI inflation from 6.7% in 2022–2023 to 5.4% in 2023–24 during its October meeting. "The fight against inflation is not over yet," RBI governor Shaktikanta Das had declared, adding that the goal of the central bank is to maintain inflation at 4% rather than between 2-6%. The RBI has been given a mandate by the government to guarantee that the CPI inflation rate stays at 4%, with a margin of error of 2%. When determining its bi-monthly monetary policy, the central bank primarily takes retail inflation into account. According to the government-shared report, food inflation increased by 6.61% in October compared to 6.56% in September. Food inflation makes up almost half of the total consumer price basket. [caption id="attachment_5517" align="alignnone" width="300"] Retail inflation declined to 4.87% in Oct from 5.02% in Sept: Govt[/caption]

Business header National Political

SC Refuses To Entertain Plea To Frame Guidelines For Regulation Of Trading Of Cryptocurrencies

editor November 11, 2023

NEW DELHI, Nov 11: The Supreme Court has refused to hear a petition asking the Centre and others to develop guidelines for regulating cryptocurrency trading and mining. Cryptocurrencies are digital or virtual currencies based on blockchain technology that operate independently of a central bank. The main reliefs sought in the petition, according to a bench led by Chief Justice D Y Chandrachud, were more in the nature of a legislative direction. The bench, which also included Justices J B Pardiwala and Manoj Misra, noted that while the petition was filed under Article 32 of the Constitution, it was clear that the "real purpose is to seek bail in proceedings which are pending against the petitioner.""We cannot agree with this course of action." The petitioner would be free to petition the appropriate court for regular bail. "In terms of the main reliefs, they are more in the nature of a legislative direction, which the court cannot issue under Article 32 of the Constitution," the bench said in its Friday order. Article 32 addresses the right to constitutional remedies, and 32 (1) grants citizens the right to petition the Supreme Court for the enforcement of their rights. The bench noted that among the reliefs sought in the plea filed by the man from Uttar Pradesh was a direction to prosecute cases involving digital assets/cryptocurrencies."We accordingly dispose of the petition granting liberty to the petitioner to pursue his remedies in accordance with law," according to the statement. [caption id="attachment_5411" align="alignnone" width="300"] SC Refuses To Entertain Plea To Frame Guidelines For Regulation Of Trading Of Cryptocurrencies[/caption]

Business Health National Sports

Jay Shah expresses happiness as ICC Cricket World Cup welcomes 1-millionth fan at Ahmedabad

editor November 11, 2023

MUMBAI: On Friday, as the ICC Cricket World Cup welcomed its one-millionth fan in Ahmedabad, the Board of Control for Cricket in India (BCCI) secretary Jay Shah expressed happiness at the milestone and thanked fans, state associations, and all tournament stakeholders for their efforts. The ICC Men's Cricket World Cup has welcomed its one-millionth fan, putting the event on track to become the most attended ICC tournament in history. The one-millionth fan entered the stadium during South Africa's match against Afghanistan on Friday at Narendra Modi Stadium in Ahmedabad, the same venue that will host the World Cup final on November 19. "Our vision was to make this World Cup the best ever, and I am overjoyed that we have surpassed all previous records." My heartfelt gratitude goes to our devoted fans, the State Associations, and every stakeholder who worked tirelessly in the lead-up to this massive event. As we near the finish line, we will continue to collaborate closely with the @ICC to ensure that everyone involved has a truly memorable experience. "The best is yet to come!" Shah tweeted. The momentum is expected to continue with the upcoming semi-finals on November 15 and 16, followed by the final on November 19, promising a spectacular conclusion to a tournament that has already broken multiple viewership and digital records.The ODI format retains its popularity, with fans drawn to the excitement and skill displayed by players throughout the competition. Chris Tetley, ICC Head of Events, believes the tournament has already been a great success and anticipates more records being broken during the knockout stage. "With over one million attendees and record-breaking viewership, the ICC Men's Cricket World Cup 2023 has reminded cricket fans around the world of the support and interest in the ODI format that highlights how much World Cup cricket is valued," he said. [caption id="attachment_5405" align="alignnone" width="236"] Jay Shah expresses happiness as ICC Cricket World Cup welcomes 1-millionth fan at Ahmedabad[/caption]

Breaking News Business header International National

Rupee falls 4 paisa to settle at all-time low of 83.33 against US dollar

editor November 10, 2023

Mumbai : The rupee fell 4 paise to end the day at its all-time low of 83.33 (provisional) against the US dollar, amid increases in the price of crude oil and outflows of foreign money. Forex dealers stated that in the midst of a weak US dollar abroad and encouraging signals from the equities markets, investors were anticipating statistics on industrial output and inflation on the home front. The rupee began trading at 83.28 versus the US dollar at the interbank foreign exchange and fell as low as 83.49 during the day. The currency ultimately reached a record low of 83.33 (provisional) against the US dollar, down 4 paise from its previous close. Prior to this, on September 18 of this year, the currency's lowest closing level was noted at 83.32 against the dollar.The rupee's closing value versus the US dollar on Thursday was 83.29. The dollar index, which measures the strength of the US dollar relative to a basket of six other currencies, was down 0.02 percent at 105.89 in the meantime. The benchmark for global oil, Brent crude futures, increased by 0.81 percent to USD 80.66 a barrel. Regarding the local equities market, the BSE Sensex concluded at 64,904.68 points, up 72.48 points or 0.11 percent. To reach 19,425.35 points, the larger NSE Nifty increased 30.05 points, or 0.15 percent. According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth Rs 1,712.33 crore on Thursday, making them net sellers in the capital market. [caption id="attachment_5370" align="alignnone" width="300"] Rupee falls 4 paisa to settle at all-time low of 83.33 against US dollar[/caption]

Business header International National

US-India 2+2 Ministerial Dialogue: EAM, Rajnath Singh meet with US counterparts

editor November 10, 2023

NEW DELHI: Defence Minister Rajnath Singh, External Affairs Minister S Jaishankar along with US Secretary of Defence Lloyd Austin and US Secretary of State Antony Blinken posed for the traditional family photo as the US-India…

Business header Jammu and Kashmir National

Lion couple from Gujrat to reach Jambu Zoo on 8 Nov

editor November 8, 2023

JAMMU: On Wednesday, November 8, two adult male and female Asiatic lions, ages 3.7 and 2.7, are scheduled to arrive at Jambu Zoo. According to the Department of Wildlife Protection, Lieutenant Governor Manoj Sinha is the one ordering the two lions to be brought to the UT. The IUCN lists the pair of Asiatic Lions that were imported from Gujarat as an endangered species. Currently, the only state with a wild population of Asiatic lions is Gujarat, which has given Jambu Zoo one pair of lions. According to CZA regulations, the two will live in a specially designed Lion habitat that is more than 5,500 square metres in size and has heating and ventilation for inclement weather. After a week of being kept in quarantine, they will be allowed to return to the enclosure for public display. The department would like to thank the Lieutenant Governor and the Government of Gujarat on this auspicious day for their help and support in locating lions, which would delight wildlife enthusiasts and the people of J&K. [caption id="attachment_5221" align="alignnone" width="300"] Lion couple from Gujrat to reach Jambu Zoo on 8 Nov[/caption]

Breaking News Business header International National

Sikh separatist Gurpatwant threatens to blow up Air India flight on 19 Nov

editor November 5, 2023

NEW DELHI: The founder of the Sikhs for Justice (SFJ) organisation, Gurpatwant Singh Pannun, a designated terrorist, has made a new video in which he begs Sikhs not to board Air India flights after November 19 because they could endanger their lives. He asserted that on November 19, Air India will not be permitted to operate. "We are requesting that Sikhs avoid travelling on Air India. On November 19, there will be an international embargo. Air India will not be permitted to function. Sikhs, refrain from using Air India after November 19. In the video that is making the rounds on social media, Pannun stated, "Your life could be in danger." According to Pannun, the name of the Indira Gandhi International (IGI) Airport in Delhi will change and it would remain closed on November 19. He emphasised that the present Cricket World Cup final match will take place on this same day. "It is the same day in November on which the final match of the World Terror Cup will be played," he stated. "The name of this airport will be Shahid Beant Singh, Shahid Satwant Singh Khalistan airport, when Punjab will be liberated," he stated. Chief of Staff for SFJ Pannun has threatened people before. Amidst a diplomatic spat between India and Canada after the murder of Khalistani terrorist Hardeep Singh Nijjar in September, he called for Hindu-Canadians to leave the country. In a video that went viral on social media, Gurpatwant Singh Pannun said that Sikhs who supported Khalistan had continuously demonstrated their allegiance to Canada. He continued by threatening and pressuring Hindus living in Indo-Canada to leave the nation. Gurpatwant Singh Pannun's hate speech went viral, and Hindu Forum Canada's lawyers requested that the Canadian Immigration Minister forbid Pannun from entering the country.The lawyer for Hindu Forum Canada wrote to Mark Miller, Canada's Minister of Immigration, claiming that Pannun's recent remarks have traumatised and distressed both the Hindu community and the Canadian public at large. Hindu Forum Canada is an Ontario-based non-profit humanitarian organisation that promotes laws that improve the lives of minority populations in the country. Khalistani secessionists staged a 'Referendum' in Surrey, British Columbia, earlier in September. The founder of the outlawed Sikhs for Justice (SFJ), designated terrorist Gurpatwant Singh Pannun, attended the Khalistani separatist assembly at the Guru Nanak Singh Gurudwara in Surrey, Vancouver. Using menacing language, Pannun made a provocative statement directed at Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, and other prominent figures. He asserted that India's territorial integrity was being threatened by separatists. Notably, after Canadian Prime Minister Justin Trudeau claimed that "agents of the Indian government" were involved in Nijjar's June death, relations between India and Canada have deteriorated. In a tit-for-tat move over Canada's decision, India had denied the claims as "absurd and motivated" and expelled a Canadian envoy. To date, Canada has not made available any proof to the public regarding the killing of Nijjar. [caption id="attachment_5037" align="alignnone" width="249"] Sikh separatist Gurpatwant threatens to…

Breaking News Business header National

Mukesh Ambani receives fresh threatening emails for ignoring previous demand

editor November 4, 2023

MUMBAI: Mumbai police reported on Saturday that Mukesh Ambani, the chairman of Reliance Industries, had received new threat emails that threatened to punish him severely if he disregarded earlier communications requesting Rs 400 crore in extortion. Two threatening emails with the sender identifying himself as Shadab Khan were received between October 31 and November, according to the police. "Industrialist Mukesh Ambani received two threat emails once again between October 31 and November 1, warning him of serious consequences for ignoring previous emails wherein the person (sender of the mail) had demanded Rs 400 crore," according to cops.Ambani has previously received emails threatening to shoot him to death if he didn't pay the Rs 20 crore. Then, every time an email was received, the ransom kept going up to Rs 200 crore and Rs 400 crore. Mumbai police had previously stated that the first such threatening email had been issued on October 28. "The sender cites a lack of response to the prior email and increases the ransom," they added. Following receipt of the email, the Mumbai Gamdevi Police filed a case against an unidentified individual under sections 506 (2) (criminal intimidation) and 387 (putting a person in fear of death or grievous hurt in order to commit extortion) of the Indian Penal Code (IPC) in response to the complaint of Mukesh Ambani's security in-charge. [caption id="attachment_4986" align="alignnone" width="300"] Mukesh Ambani receives fresh threatening emails for ignoring previous demand[/caption]

Business header Jammu and Kashmir National Political

LG visits World Skill Center in Bhubaneswar, Odisha

editor November 4, 2023

BHUBANESWAR: Today, Lieutenant Governor Manoj Sinha paid a visit to the World Skill Centre, a prestigious advanced skill training facility founded by the Odisha government in Bhubaneswar. Dr. Mandeep Kumar Bhandari, the Lieutenant Governor's principal secretary, and Saurabh Bhagat, the commissioner/secretary of the J&K Department of Skill Development, joined him. The Lieutenant Governor engaged with instructors and trainees while touring the building and lab. The Lieutenant Governor stated in his speech that the World Skill Centre is essential to the upskilling of Odisha young and their readiness for careers in the future.In order to provide excellent engineering and non-engineering skill training, as well as a unique mentoring approach that allows students to hone their talents, he emphasised the necessity of duplicating the institute's best practises and training programmes throughout the nation. "Our institutions must link skills, workplace change, and industry needs." The Lt Governor stated that training programmes should make use of technology to solve issues with demand and the skills gap, develop young people, and provide a cadre of experts with specialised expertise to aid in the development of a developed India.The Lieutenant Governor stated that in order to provide greater job prospects for young people in the skill sectors, high skill sets and capabilities are required due to the quick industrialization and exponential growth of technology. He continued, "We have to look at every avenue to get the younger workforce out of the less productive informal sector and into the more productive formal sectors." The Lieutenant Governor praised the Odisha government's efforts under the "Skilled in Odisha" programme. The Lieutenant Governor also discussed the continuing industrialization of Jammu and Kashmir at the World Skill Centre, as well as the special initiatives of the UT Administration aimed at making J&K a centre for innovation and skill development.There were prominent officials from the Odisha government in attendance, including Subroto Bagchi, Chief Advisor to the Government of Odisha on Institutional Capacity Building, and Alka Misra, Chairperson of the Odisha Skill Development Authority. Afterwards, the Lt Governor spoke with representatives of Startup Odisha and talked about the changes the group has done to create the state's startup and innovation environment. The Lieutenant Governor was briefed by the Startup Odisha team on "O Hub," a cutting-edge incubator that hopes to register over 5000 firms by 2025. Dr. Omkar Rai, Executive Chairman of Startup Odisha, listed the organization's noteworthy accomplishments and future growth goals. [caption id="attachment_4956" align="alignnone" width="300"] LG visits World Skill Center in Bhubaneswar, Odisha [/caption]

Business header Jammu and Kashmir National Political

Div Com Jammu reviews progress on Delhi-Amritsar Katra Expressway

editor November 4, 2023

JAMMU: Ramesh Kumar, the Divisional Commissioner for Jammu, presided over a meeting on Friday to discuss the status of the Delhi-Amritsar Katra Motorway project's construction. Along with senior officers from the Forest, JPDCL, Defence Estates, and other relevant departments, the meeting was attended by NHAI Regional Officers, Director Airports, Chief Engineers, Jal Shakti, and Project Directors. Deputy Commissioners from Kathua, Samba, Reasi, and Jammu also participated via video conference. The meeting examined the status of the work on the famous motorway in great detail. It was stated that all of the completed packages are currently under construction. The Divisional Commissioner thoroughly examined the procedures for acquiring land and allocating compensation.In order to guarantee the smooth completion of the esteemed road projects, he gave the Deputy Commissioners instructions to act quickly to resolve land-related concerns and any obstacles. He gave Tehsildars tight instructions to speed the payment of land purchase compensation within a given time period. In this regard, he also directed DCs to approach Tehsildars for weekly progress reports. A further highlight of the meeting was the majority of land-related issues were resolved. In order to quickly address any outstanding issues, the Divisional Commissioner asked NHAI personnel to be in constant contact with the Deputy Commissioners. To guarantee the Delhi-Amritsar Katra Expressway's prompt completion, the NHAI was given the order to expedite the project's construction. [caption id="attachment_4949" align="alignnone" width="300"] Div Com Jammu reviews progress on Delhi-Amritsar Katra Expressway[/caption]

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