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Centre’s decision to remove customs duties on petrochemicals might reportedly cost the government around 18 billion rupees. The measure has been introduced under emergency provisions to tackle supply disruptions caused by the ongoing conflict in the Middle East. Announced on Thursday, the decision follows New Delhi’s invocation of emergency powers and the diversion of local…
Days after UAE President Sheikh Mohamed bin Zayed Al Nahyan’s visit to New Delhi, Abu Dhabi has reportedly abandoned its deal with Pakistan for the management and operations of Islamabad International Airport.According to a report by Pakistan daily Express Tribune, the plan was shelved after the UAE failed to identify a local partner to whom…
PSL (File photo/Agencies) The Pakistan Cricket Board (PCB) has announced that the Pakistan Super League (PSL) will shift to a player auction system from its 11th season, moving away from the draft format that has been used since the league began in 2016. The change follows a model similar to the Indian Premier League (IPL).The…
NEW DELHI: The Delhi high court has quashed a 20-year-old official order to compulsorily retire a CISF officer, now 72, over sexual harassment, ruling that the allegations made in 1998 by a woman constable “reek of vengeance rather than genuine harassment”. HC also found that even after being cleared three times, senior officers constituted yet…
NEW DELHI: The Supreme Court on Friday observed, “there is something wrong going on in the high court,” as it rejected the Tamil Nadu government’s plea to modify its earlier order suspending a one-man inquiry commission and the SIT probe into the Karur stampede, which claimed 41 lives. The bench of Justices JK Maheswari and…
The Reserve Bank on Friday completed a nearly six-month regulatory consolidation, repealing 5,673 obsolete circulars and subsuming over 3,800 into 244 function-wise master directions (MDs), the central bank said.In all, 9,446 circulars have been repealed, subsumed or withdrawn as part of the exercise, Deputy Governor S C Murmu said, describing the review as a “mammoth…
File photo (Picture credit: AP) The US government will not release official inflation or jobs figures for October after the record-long shutdown prevented statisticians from gathering essential data, leaving the Federal Reserve without two major indicators ahead of its December policy meeting.The Bureau of Labor Statistics (BLS) confirmed on Friday that the October consumer price…
The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
VIJAYAWADA: The Chandrababu Naidu-led Andhra Pradesh government has scrapped the contentious Polavaram-Banakacherla irrigation project, which neighbouring Telangana has been opposing, and is planning a new one by utilising Godavari’s surplus water to make Rayalaseema region drought-free, reports Samdani MN. The Revanth Reddy-led Congress govt in Telangana has claimed the Banakacherla project would deprive it of…
Gold stayed close to the $4,000-an-ounce mark on Monday, recovering from early losses after China moved to limit a tax rebate that has long benefited the country’s retailers and jewellery makers. The metal initially slipped by as much as 1% in Asian trading, but later regained ground, with bullion for immediate delivery up 0.2%, according…
