The US will release 1 million barrels of oil per day from its strategic petroleum reserve for the next six months, President Joe Biden has announced, as he tried to keep the oil prices under control with the largest-ever release from its emergency oil stash. Biden's move comes after Russia's invasion of Ukraine had sent [...]
New Delhi, Apr 1 (PTI) Brick kilns can opt for a composition scheme to pay a 6 per cent GST without input tax credit (ITC) beginning Friday, higher than 5 per cent earlier.Those businesses who do not wish to opt for the composition scheme would be subject to 12 per cent Goods and Services Tax [...]
New Delhi, Apr 1 (PTI) The Karnataka government has started procurement of ragi at the minimum support price while for maize it has not yet sought permission from the Centre, Union Food Minister Piyush Goyal said in the Rajya Sabha on Friday.JDS supremo H D Deve Gowda, during the Question Hour, said no step has [...]
New Delhi, Apr 1 (PTI) Housing sales across seven cities increased 71 per cent in January-March to 99,550 units, the highest quarterly sales since 2015, on low-interest rates on home loans and the growing concept of homeownership, according to property consultant Anarock.Sales of residential properties stood at 58,290 units in the year-ago period and 90,860 [...]
Mumbai, Maharashtra, India – Business Wire India • Over half of Gen Z have incorporated more technology and reduced their environmental impact over the last year • 30% of Gen Z respondents state sustainability is a key consideration in their employment and career journey FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the [...]
New Delhi, Apr 1 (PTI) India's power consumption has grown steadily at 4.6 per cent year-on-year in March to 126.12 billion units (BU), showing the impact of early onset of summers and easing of lockdown restrictions by states. Power consumption in March 2021 was 120.63 BU, higher than 98.95 BU in the same month of [...]
Sydney, Apr 1 (The Conversation) The Australian government’s announcement of a halved fuel excise is no doubt music to many people’s ears.Following Tuesday night’s budget release, the excise (a government tax included in the purchase price of fuel) was halved from 44.2 cents per litre to 22.1 cents.It should provide some respite from high petrol [...]
Colombo, Mar 31 (PTI) Police fired tear gas and water cannons at angry protesters on Thursday after they gathered in front of the Sri Lankan President Gotabaya Rajapaksa’s residence here on Thursday clamouring for his resignation, as the island nation continued to reel under its worst economic crisis in decades. A foreign exchange crunch in [...]
Dehradun, Mar 31 (PTI) Electricity became dearer in Uttarakhand with the state electricity regulatory commission revising the tariff rates for 2022-23 on Thursday. The revised rates come into effect from April 1, the Commission said. The Commission has restricted the tariff hike to around 2.68 per cent as against the proposal of Uttarakhand Power Corporation [...]
Mumbai, Mar 31 (PTI) The Rs 495-crore Mumbai International Cruise Terminal will be commissioned by July 2024, a top official from the Mumbai Port said on Thursday. Rajiv Jalota, the chairman of Mumbai Port, said the sea cruise terminal at the BPX-Indira Dock, which will house both domestic and international cruise liners, will have a [...]
