Monthly archives: May, 2022

Sugar stocks continue to decline, falling up to 9% as the government bans exports

Sugar company shares

Sugar company shares were under pressure for the second day in a row, tumbling up to 9% on the BSE in Wednesday’s trade after the government announced export limits on sugar on Tuesday. Sugar exports will be regulated by the government, with a limit of 10 MT for the current sugar season. Sugar mills have …

Biden tells Quad Summit: Russia-Ukraine conflict is a global issue, not a European one

US President Joe Biden

US President Joe Biden stated on Tuesday that the world is at a “transformative moment” that the Russia-Ukraine crisis is not merely a European but a global issue, and that Indo-Pacific states would-be allies and lead a global response to the Ukraine conflict. In his opening remarks at the Quad Leaders Summit conference in Tokyo, …

Assam flood death toll rises to 24; situation improves marginally

floods in Assam

Six more people perished in floods in Assam on Sunday, bringing the total death toll to 24, officials said, even as the water situation improved marginally. In 22 of the state’s 34 districts, about 7.19 lakh people have been affected. According to officials of the Assam State Disaster Management Authority (ASDMA), further deaths have been …

The Delhi government has requested a report on demolitions from BJP-run civic bodies

Delhi government

The Delhi government has requested a thorough report on the BJP-run civic authorities’ demolition drives that have been taking place around the city since April 1, according to official sources. This comes days after the three civic bodies undertook a series of anti-encroachment activities in various sections of the city, including Shaheen Bagh, Jahangirpuri Madanpur …

PM Modi meets with Sher Bahadur Deuba, his Nepalese counterpart, in Lumbini

India and Nepal

Prime Minister Narendra Modi met with his Nepalese counterpart Sher Bahadur Deuba on Monday in Lumbini, the birthplace of Gautam Buddha, to discuss ways to deepen current cooperation and expand new areas in the comprehensive bilateral partnership. Modi visited Deuba after giving prayers at the historic Maya Devi shrine in the Himalayan nation at Deuba’s …

With a 5.3 percent rise, jet fuel costs are at an all-time high; this is the tenth increase this year

jet fuel prices

In keeping with a jump in global energy costs, jet fuel prices were boosted by a whopping 5.3 percent on Monday, marking the ninth consecutive increase this year. According to a price announcement issued by state-owned fuel dealers, the price of aviation turbine fuel (ATF), which lets planes fly, has increased by Rs 6,188.25 per …

PM Modi speaks in Bharuch’s ‘Utkarsh Samaroh’ and communicates with people

Prime Minister Narendra Modi

Prime Minister Narendra Modi spoke through video conference to “Utkarsh Samaroh” in Gujarat’s Bharuch on Thursday to commemorate the district’s 100% saturation of four key state government initiatives that will help deliver prompt financial assistance to individuals in need. During his speech, he chatted with the audience and discussed how the “Utkarsh Initiative” schemes benefited …

India is trying to expand its edible oil sector, according to Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman

Following the war between Ukraine and Russia, India is looking to reach new markets for the import of edible oils, according to Union Finance Minister Nirmala Sitharaman. According to her, the country’s ability to acquire edible oils has been hampered by the fighting. “Everyone is aware of the ongoing conflict between Russia and Ukraine. Importing …