BREAKING highlights: All EU governments complete approval of Russian oil price cap, says report

BREAKING highlights: All EU governments complete approval of Russian oil price cap, says report
  • Dec 03, 2022 10:51 PM IST

    Nothing wrong in people assuming Congress will make an OBC CM: Gujarat party chief Jagdish Thakor

    Nothing wrong in people assuming Congress will make an OBC CM in Gujarat says state party chief Jagdish Thakor, as reported by PTI.

  • Dec 03, 2022 10:21 PM IST

    Pakistan should go to India & India should come to Pakistan to play: Former Pak bowler Md Irfan

    Pakistan should go to India & India should come to Pakistan to play. This increases love b/w people from both countries. Cricket should be separate from politics. Don’t go with statements that Pakistan won’t come to India, let the Board decide it, former Pakistan bowler Md Irfan told ANI.

  • Dec 03, 2022 09:43 PM IST

    All EU governments complete approval of Russian oil price cap

    All EU governments complete approval of Russian oil price cap, reports Reuters.

  • Dec 03, 2022 09:23 PM IST

    Kerala HC holds special sitting to hear pleas on Sabarimala

    The Kerala High Court on Saturday held a special sitting to hear pleas on the appointment of the chief priests and transport facilities for pilgrims to the famous Sabarimala temple at Pathanamthitta district, ANI reports.

  • Dec 03, 2022 08:35 PM IST

    Campaigning ends in Mainpuri LS seats, 6 assembly constituencies

    Rampur and Khatauli in Uttar Pradesh, Padampur in Odisha, Sardarshahar in Rajasthan, Kurhani in Bihar and Bhanupratappur in Chhattisgarh are the assembly seats where campaigning ended and the 48-hour silence period started.

  • Dec 03, 2022 07:20 PM IST

    Brazil soccer legend Pele under palliative care amid cancer battle: Report

    Brazil soccer legend Pele under palliative care amid cancer battle, reports Reuters.

  • Dec 03, 2022 06:45 PM IST

    Navy to induct women in all branches from next year: Navy Chief

    “Come next year, we are looking at women officers being inducted across all branches and not just seven or eight branches that they are restricted to as of today. Next year onwards, all branches will be opened for women officers as well,” the Navy Chief said in a press conference.

  • Dec 03, 2022 06:12 PM IST

    4 killed, 3 injured as car falls into gorge in Uttarakhand’s Almora

    Four people including two women were killed when a car carrying members of a marriage party fell into a gorge in Uttarakhand’s Almora district on Saturday, PTI reports.

  • Dec 03, 2022 05:22 PM IST

    Iranian security body says 200 people lost lives in ongoing riots: Report

    Iranian security body says 200 people lost lives in recent riots, according to a report by Mizan news agency.

  • Dec 03, 2022 04:17 PM IST

    Delhi’s Court discharges Umar Khalid and Khalid Saifi in the Feb 2020 riot case

    Delhi’s Karkardooma Court discharges Umar Khalid and Khalid Saifi in a riot-related case in February 2020, reports ANI.

  • Dec 03, 2022 03:39 PM IST

    “Go to Bangladesh…,” Assam BJP MLA hits out at AIUDF’s Badruddin Ajmal on “Muslim formula”

    Assam Bharatiya Janata Party (BJP) MLA Diganta Kalita on Saturday lashed out at Badruddin Ajmal for his remarks suggesting that Hindus should adopt the “Muslim formula” for marriage and stated that All India United Democratic Front (AIUDF) chief Ajmal should go to Bangladesh, reports ANI.

  • Dec 03, 2022 02:57 PM IST

    Sidhu Moosewala’s murder accused Lawrence Bishnoi’s NIA remand extended by 4 days

    A Delhi court extends by four days the NIA remand of gangster Lawrence Bishnoi, in connection with the Sidhu Moosewala murder case, reports ANI.

    Bishnoi was produced before the court through video conference today at the end of his 10-day remand. NIA while seeking the remand of Lawrence Bishnoi stated that contract killing is happening in the neighbouring state of Rajasthan. Bishnoi’s involvement is also suspected in Raju Thet’s killing in Rajasthan.

  • Dec 03, 2022 02:11 PM IST

    AIUDF President & MP Badruddin Ajmal apologises for his statements on Friday

    AIUDF President & MP Badruddin Ajmal on Saturday said “If my words hurt anyone’s sentiments, I take back my words. I had no intention to hurt anyone’s sentiments. I only want that the govt should do justice to minorities & give them education & employment,” ANI reported.

  • Dec 03, 2022 12:58 PM IST

    BJP declares new unit for Punjab, Congress crossovers in the list

    The Bharatiya Janata Party has declared a new unit for Punjab, the party said Saturday.

  • Dec 03, 2022 12:51 PM IST

    US reveals world’s first sixth-generation aircraft B-21 bomber in California

    The United States has unveiled the B-21 Raider stealth bomber, the world’s first sixth-generation aircraft.

  • Dec 03, 2022 12:23 PM IST

    Bihar begins preparing for meetings of G20 ‘engagement groups’

    The Bihar government has begun preparations for the meetings of the G20 ‘engagement groups’, scheduled to be held in the state in March, reports PTI.

  • Dec 03, 2022 11:51 AM IST

    Leopard attack victims’ families to get 15 lakh compensation: Karnataka CM

    Karnataka Chief Minister Basavaraj Bommai on Saturday announced a compensation of 15 lakh for families of those killed in the attacks by leopards in the state.

  • Dec 03, 2022 11:18 AM IST

    In West Bengal, two killed in blast near venue of TMC’s Abhishek Banerjee’s rally

    At least two people were killed and several others injured in a blast near the venue of senior TMC leader Abhishek Banerjee’s scheduled rally in Bengal on Saturday.

  • Dec 03, 2022 10:50 AM IST

    Hyderabad: University professor taken into custody after student alleges molestation

    Cyberabad Police have taken a professor of University of Hyderabad into custody after a student alleged that he molested her, reports ANI.

  • Dec 03, 2022 10:29 AM IST

    Raids at residence of exec engineer caught taking 2 lakh bribe continue today

    Exec engineer in Building Construction Dept, Sanjeet Kumar caught by Vigilance Team while he was accepting 2 lakh bribe. Approx 1 cr cash recovered from his residence as raid also to continue today, reports ANI.

  • Dec 03, 2022 10:11 AM IST

    Beijing, Shenzhen sigh with relief as China eases Covid-19 curbs

    Beijing residents cheered the removal of COVID-19 testing booths while Shenzhen followed other cities in announcing it would no longer require commuters to present their test results to travel, Reuters reported.

  • Dec 03, 2022 09:51 AM IST

    Mohammed Shami ruled out of ODI series against Bangladesh due to injury

    Senior fast bowler Mohammed Shami has been ruled out of the ODI series against Bangladesh that is scheduled to start on Sunday, due to a hand injury, PTI reported citing BCCI sources.

  • Dec 03, 2022 08:57 AM IST

    Chhattisgarh Assembly clears two amendment bills on reservation

    Chhattisgarh has unanimously passed two bills related to reservation in government jobs and admission in educational institutions in proportion to population, taking the total quota in the state to 76 per cent.

  • Dec 03, 2022 08:28 AM IST

    Vande Bharat: WR to spend 264 crore to build fences along Mumbai-Ahmedabad route

    The Western Railway (WR) said it would install fences along the Mumbai-Ahmedabad route by May next year to stop animals from straying onto the tracks and getting run over by trains.

  • Dec 03, 2022 08:03 AM IST

    US names 4 militants in Afghanistan, Pakistan ‘terrorists’

    The United States has added four top Islamic militants operating in Afghanistan and Pakistan to its list of “global terrorists”.

  • Dec 03, 2022 07:42 AM IST

    IMF says it fully supports India’s G20 agenda

    The IMF “fully supports” the G20 agenda of India, which is planning to use the ongoing global crises as an opportunity to seek consensus on issues that require urgent attention, a senior official said.

  • Dec 03, 2022 07:09 AM IST

    Indian ambassador to US Taranjit S Sandhu hands over Padma Bhushan to Sundar Pichai

    Indian ambassador to US Taranjit S Sandhu handed over Padma Bhushan to Google CEO Sundar Pichai.

  • Dec 03, 2022 06:50 AM IST

    Macron holds ‘clear and honest’ talk with Elon Musk in New Orleans

    French President Emmanuel Macron on Friday said he had a “clear and honest” discussion with Twitter owner Elon Musk during an unannounced face-to-face meeting in New Orleans.

  • Dec 03, 2022 06:10 AM IST

    FTX’s LedgerX is up for sale as restructuring process picks up

    LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is up for sale.

  • Dec 03, 2022 05:51 AM IST

    G7 group agrees $60 per barrel price cap for Russian oil

    The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian oil, reported Reuters.

  • British PM Liz Truss announces a cap on energy bills

    British PM Liz Truss announces a cap on energy bills

    LONDON — U.K. Primary Minister Liz Truss on Thursday introduced a wide stimulus deal to enable Brits with soaring strength bills and attract financial commitment into the strength sector.

    Truss announced a “new power price warranty that will give people today certainty on vitality charges.”

    In her very first big shift in the leadership role, Truss declared the usual house “will pay no a lot more than £2,500 ($2,880) for each year for every of the future two a long time,” which the prime minister claimed will give the ordinary family “a £1,000 saving for every calendar year.”

    The cap will be in put from Oct. 1.

    There will be an equal assurance for businesses for the following six months. There will then be even further guidance for susceptible sectors such as hospitality, the primary minister reported.

    The key minister also suggested businesses really should seem at ways to turn into a lot more electrical power efficient and glance to produce their individual electrical power.

    The U.K. will be “a net strength exporter” by 2040, in accordance to Truss’ statement.

    “Protected power provide is important to expansion and prosperity,” she extra.

    “I will stop the U.K.’s shorter-termist technique to electricity source the moment and for all,” Truss concluded.

    The entire charge of the package deal will be laid out by the Finance Minister Kwasi Kwarteng later this thirty day period, but Truss claims she will suppress inflation by up to 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

    In the run-up to the announcement, questions experienced been elevated about how the bill would be funded, with speculation about whether the bill will land in the taxpayers’ lap in the for a longer time expression.

    Just before the announcement, power costs for Brits ended up established to strike £3,549 for every 12 months from Oct. 1, up from £1,971. That cap was believed to climb to £4,649.72 in the first quarter of 2023 and then £5,341.08 in the second quarter, in accordance to consultancy Cornwall Insight forecasts.

    The price tag cap in the U.K., established by the regulator Ofgem, in essence boundaries the total a provider can demand for their tariffs, but this restrict has surged bigger not too long ago due to the increase in wholesale costs — this means Brits have found expenditures skyrocket.

    Truss also declared a short-term suspension of inexperienced levies to fellow lawmakers in the Property of Commons.

    This comes following Truss chose Jacob Rees-Mogg as her new secretary of condition for small business, electrical power and industrial method. Rees-Mogg has beforehand been quoted as contacting fracking an “interesting option.”

    Deutsche Financial institution estimated that Truss would employ an electrical power bill freeze. It was speculated whether Truss would keep the Oct energy cap at £3,549, as announced by Ofgem on Aug. 26, or regardless of whether the freeze would be put at £2,500 for each house for each yr.

    Studies also instructed a £40 billion offer would be put in place to guidance organizations with their power prices, according to the bank, bringing the total of the predicted aid actions to £180 billion.

    The determine is just about fifty percent as significantly as was invested in delivering financial assist throughout the Covid-19 pandemic and just more than 8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of GDP, in accordance to the lender.

    Strength invoice protests probably to go ahead

    Truss’ announcement will be a major relief to people involved about their energy costs, according to Alice Haine, personal finance analyst at investment decision platform Bestinvest, but it may well not be sufficient to relieve all considerations about the coming winter season.

    “Electrical power rates are continue to noticeably better than they had been a 12 months ago, with some households by now having difficulties to soak up the increasing prices and meals costs are superior as well. It implies house budgets are not wholly out of the woods nonetheless,” Haine wrote in a push launch.

    Corporations will also be relieved that they “aren’t forced to shut up store,” Haine claimed, but it is “unclear” what transpires up coming 12 months 1 the initial 6-month selling price freeze will arrive to an conclude.

    The stimulus package deal will come as much more than 180,000 men and women in the U.K. have pledged to cancel their electricity payments payments on Oct.1 in protest to the improved vitality cap.

    Talking to Sky Information Thursday prior to the announcement, the Don’t Pay movement organizer Lewis Ford reported the campaign would go forward if the measures executed did not bring prices down to perfectly below the recent rate cap.

    “We’re calling for 2021 degrees,” he advised Sky Information. “A whole lot of men and women are heading to be totally unable to pay for this,” Ford said.

    In Oct 2021, the price tag cap sat at £1,277 per year. It is been predicted that 12 million homes in Britain (42{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}) would be in “fuel poverty” this wintertime if no monetary guidance was put in place. Gasoline poverty is described as currently being not able to adequately warmth a home.