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PM Wickremesinghe warns the crisis-stricken country that petrol supplies are running out 0

On Monday, Sri Lanka’s new prime minister said the country was down to its last day of petrol, while the country’s power minister warned citizens not to join the long fuel lines that have sparked weeks of anti-government rallies. In a speech to the nation on Thursday, Ranil Wickremesinghe, who was appointed Prime Minister on

PSB fraud is down 51% to Rs 40,295 crore, yet the number of cases is still rising: RBI 0

India

May 16, 2022

During the financial year ending March 2022, public sector banks reported a 51% decrease in the amount involved in frauds, to Rs 40,295.25 crore, according to the Reserve Bank of India. The Reserve Bank said in response to a request under the Right to Information Act that the 12 PSBs (Public Sector Banks) recorded frauds

Even as reduced demand threatens to limit increases, oil prices continue to rise 0

Business

May 13, 2022

Early Friday trade saw oil prices rise, but they were poised for their first weekly losses in three weeks as concerns about inflation and China’s COVID lockdowns slowed the global economy, outweighing concerns over declining Russian fuel supplies. At 0008 GMT, Brent crude prices were up 97 cents, or 0.9 percent, at $108.42 a barrel,

Delhi: Customers will be able to opt-in or out of the power subsidy via online and physical channels 0
- India
- May 12, 2022
Officials claimed that consumers will be offered both online and offline choices to opt-in or out of the Delhi government’s power subsidy on monthly consumption of up to 400 units of electricity. Delhi Chief Minister Arvind Kejriwal declared this week that if consumers desire it, they will receive a power subsidy. The government decided to
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India sells a record 1.4 million tonnes of wheat in April as Black Sea supplies fall 0
- Economy
- May 11, 2022
According to four trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to the Black Sea supply hit hard by the Ukraine conflict. The first month of the fiscal year is April. In fiscal 2021-22, India, the world’s second-largest wheat
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Metal firms, desperate for coal, looking for fuel in other countries 0
- India
- May 10, 2022
A coal shortage in India has caused sponge iron makers to scour the globe for supplies to keep their mills going, adding to inflationary pressures as they rely on more expensive imports. According to Managing Director V.R. Sharma, Jindal Steel & Power Ltd., which is running its sponge iron facilities at 40% capacity due to
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