March 2022 – TradenTalks

India records 1,225 cases of Covid in 24 hrs, active infections at 14,307

March 31, 2022 Administrator_IndiaCoronavirus, Coronavirus Cases, India, News0 comment

With 1,225 new coronavirus infections reported in a day, India’s infection tally rose to 4,30,24,440, while the active cases dipped to 14,307, according to the Union Health Ministry data updated on Thursday. The death toll climbed to 5,21,129 with 28 fresh fatalities, the data updated at 8 am stated. The active cases comprise 0.03 percent of the total infections, while the national COVID-19 recovery rate remained at 98.76 percent, the ministry said. A reduction of 397 cases has been recorded in the active COVID-19 caseload in 24 hours. The country’s daily Covid positivity rate…

Commodity

Oil drops $3 on positive signals from Russia-Ukraine peace talks

March 30, 2022 Administrator_IndiaOil, Russia, Ukraine, World0 comment

Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $2.88, or 2.6%, to $109.61 a barrel by 11:07 a.m. ET (1507 GMT) and U.S. West Texas Intermediate (WTI) crude was down $2.94, or 2.8%, at $103.01. Each benchmark lost about 7% both earlier in the session as well as on Monday. Ukrainian and Russian negotiators…

Economic News

Petrol crosses Rs 100 in Delhi after 80 paise hike, diesel up 70 paise

March 29, 2022 Administrator_IndiaDiesel, Economy, India, Petrol0 comment

Petrol price on Tuesday crossed Rs 100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to Rs 4.80 per litre. Petrol in Delhi will now cost Rs 100.21 per litre as against Rs 99.41 previously while diesel rates have gone up from Rs 90.77 per litre to Rs 91.47, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to…

India

Around 17 lakh people visited India Pavilion at Dubai Expo: Anurag Thakur

March 28, 2022 Administrator_IndiaAnurag Thakur, Dubai, India0 comment

Information and Broadcasting Minister Anurag Thakur on Sunday said that around 17 lakh people visited the Indian Pavilion at Dubai Expo 2020. The information and broadcasting minister is in Dubai to participate in the Indian Pavilion at Dubai Expo 2020. “People have gathered in huge numbers to witness India Pavilion at Dubai Expo. People are excited to watch Indian exhibitions including Yoga, Ayurveda, tourism, textile, cosmic world, and cinema world. Around 17 lakh people have visited India Pavilion,” Thakur told ANI. Talking about the fuel price hike amid the Russia-Ukraine crisis, he said, “The ongoing Ukraine crisis is affecting many sectors…

World

US Congress passes budget including $14 billion for Ukraine

March 11, 2022 Administrator_IndiaRussia, Ukraine, US, World0 comment

The US Congress passed a huge omnibus 2022 spending bill Thursday including almost $14 billion in humanitarian and military aid to war-torn Ukraine, as its invasion by Russia entered its third week. Lawmakers had been facing the latest in a series of shutdown showdowns, with government funding due to expire at midnight Friday into Saturday, meaning thousands of workers would have been sent home without pay. With the deadline fast approaching, senators in the legislative body’s upper chamber followed their House of Representatives colleagues, who green-lit the $1.5 trillion package…

India

Ukraine-Russia war: IAF flight with 119 Indians, 27 foreigners land in Delhi from Bucharest

March 10, 2022 Administrator_IndiaIAF, India, Russia, Ukraine0 comment

An Indian Air Force (IAF) flight with 119 Indians and 27 foreigners landed at Hindon airbase here from the Romanian capital Bucharest on Thursday morning, sources said. These Indians and foreigners were stranded in Ukraine due to the Russian military offensive that began on February 24, they mentioned. This was the 17th flight that the IAF has operated to evacuate people stranded in Ukraine. India has been evacuating its citizens from war-torn Ukraine’s neighboring countries such as Romania, Hungary, Slovakia, and Poland as the Ukrainian airspace has been shut since…

Economic News

‘Steel prices will continue to move up as Ukraine-Russia conflict hits supply chain’

March 9, 2022 Administrator_IndiaIndia, Russia, Steel, Ukraine0 comment

The price of steel will continue to move upwards on ”good demand” as the supply chain remains affected amid the Ukraine-Russia conflict, according to industry consultancy SteelMint. The prices in the international market have moved up by around USD 135 a tonne and are moving up since the conflict started in the last week of February, SteelMint founder and CEO Dhruv Goel told PTI on Tuesday.’ In the domestic market, prices of hot-rolled coil (HRC) in the first week of March were in the range of Rs 68,000-69,000 a tonne…

India

Indian students stranded in Ukraine’s Sumy see ‘no ray of hope’

March 8, 2022 Administrator_IndiaIndian Students, Russia, Ukraine0 comment

“It has been 10 days (since) we have been waiting here but there is no ray of hope (as to) when we will be evacuated,” says a distraught Indian medical student stranded in the embattled northeastern Ukrainian city of Sumy in a video message. There is no power, no water supply and shops are refusing to accept cards, even though ATMs have run out of cash, said the Sumy State University student. “We are not able to buy even food and essential items,” she said. Around 700 Indian students are…

India

PM Narendra Modi to chair webinars on infrastructure, divestment

March 7, 2022 Administrator_IndiaIndia, Narendra Modi, RBI, TATA0 comment

Prime Minister (PM) Narendra Modi will chair webinars on infrastructure (infra) and divestment-related Budget announcements on March 8 and March 9, respectively. The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry, and identify strategies on how best to move forward towards implementation of various issues under different sectors. The finance ministry said in a statement that the webinar on Tuesday will see participation from 16 ministries, NITI Aayog, Capacity Building Commission, and state governments. It will also include participation from regulators…

Market

Indian rupee slumps 11 paise to 76.05 against US dollar in early trade

March 4, 2022 Administrator_IndiaDollar, Indian Rupee, Market0 comment

The rupee declined 11 paise to 76.05 against the US dollar in the opening trade on Friday, tracking the surge in international crude prices amid the intensifying Russia-Ukraine conflict. Unabated foreign fund outflows and a weak trend in domestic equities also weighed on investor sentiment, forex traders said. At the interbank foreign exchange, the rupee opened weak at 76.06 against the US dollar, then gained slightly to 76.05, registering a decline of 11 paise from the last close. On Thursday, the rupee had settled at 75.94 against the US dollar.…