Economy Archives - Page 2 of 3 - Jammu and Kashmir

Oil prices dropped as the US rate hiked, but constrained supply remains a concern 0
- Economy
- June 17, 2022
Oil prices fell on Thursday, erasing early gains and heading down, a day after a drop sparked by a US interest rate rise, albeit tight supplies restricted losses. Brent crude prices were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT, while WTI crude futures were down 44 cents to $114.87,
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According to SEA, India’s palm oil imports fell 33% to 514,022 tonne in May 0
- Economy
- June 15, 2022
In May of this year, India’s palm oil imports fell by 33.20 percent to Rs 5,14,022 tonnes, while refineries sent more RBD palmolein oil, according to the industry group Solvent Extractors Association (SEA). In May 2021, India, the world’s largest importer of vegetable oils, bought 7,69,602 tonnes of palm oils. This year in May, the
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Today, Nirmala Sitharaman will introduce the single nodal agency dashboard 0
- Economy
- June 7, 2022
Finance Minister Nirmala Sitharaman will unveil a Single Nodal Agency (SNA) dashboard on Tuesday, which would allow ministries and agencies to track the flow of money to states and their use. According to a statement from the finance ministry, the SNA dashboard was created to provide stakeholders of the SNA model with the essential feedback
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PSB fraud is down 51% to Rs 40,295 crore, yet the number of cases is still rising: RBI 0

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

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

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

Economy

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