The Supreme Court issued interim directions permitting the sale and bursting of green firecrackers in Delhi and the National Capital Region (NCR) during Diwali, outlining specific rules and restrictions.
The Supreme Court is considering relaxing the ban on firecrackers in Delhi-NCR ahead of Diwali, citing practical concerns and the need to balance environmental and livelihood interests.
The Supreme Court has allowed certified manufacturers to produce green crackers, but restricted their sale in Delhi-NCR without approval. The court has asked the Centre to review the ban on firecracker manufacturing in the region.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
The Supreme Court on Wednesday refused to interfere with the Delhi government's order putting a comprehensive ban on manufacturing, storage, sale and bursting of firecrackers in the city, saying people's health is important.
The trend has generated a wave of social media memes and satire, and even the creation of an app that allows you to track where to get the coveted stickers. New stock has been selling out in a matter of hours.
The Supreme Court on Thursday asked the Delhi police not to issue temporary licences for sale and storage of any kind of firecrackers, saying when the city government has banned all firecrackers no distinction can be made on the basis of whether it is green or not.
The procurement is expected to signal a major upswing in India's strategic ties with the Philippines which has been focusing on ramping up its naval prowess in the face of its lingering friction with China in the South China Sea.
GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than four years. The airport is being operated by GMR-Megawide Cebu Airport Corporation (GMCAC) and GMR Airports International BV (GAIBV) holds a 40 per cent stake in the venture. A definitive agreement has been signed between GMR Airports International BV (GAIBV) and Aboitiz InfraCapital Inc (AIC) for the divestment of stake in Cebu airport.
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
PESO, an agency entrusted with the responsibility to ensure safety of public and property from petroleum products, said the vehicles used by the firm are not approved by it.
The SC said, "You must tell us some way of preventing unemployment also. We cannot have people unemployed and hungry. There are areas where firecrackers can be used."
The consortium beat six others at an auction on Thursday
Finance minister Nirmala Sitharaman on Wednesday exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India. Replying to the debate on first batch of Supplementary Demands for Grants 2022-23 in Lok Sabha, the finance minister said inflation has come down and it is now in the tolerable band of the RBI. Inflation has been declining since April 2022 and it is declining further, she said.
Boxing star Manny Pacquiao said on Sunday he will run for president of the Philippines next year, after railing against corruption in government and what he calls President Rodrigo Duterte's cozy relationship with China.
It's time to test if you are a numismatist - a person who likes to collect coins. Take this quiz to find out, if you can match the world currency with their respective countries.
Rs 1,000 now buys $13.5 against $14 a year ago.
India's rupee is likely to remain under pressure due to high prices of crude oil and other commodities, and may stabilise at around 79-80 against the US dollar in the near term, say experts amid limited headroom available with the Reserve Bank to check the weakening of the domestic currency. The currency has slumped over 5 per cent this year after Russia's invasion of Ukraine sent international crude oil prices soaring to a decade high. On Monday, rupee ended at a fresh all-time low of 78.34 (provisional) against the US dollar.
The fuel delivery scheme mainly targets consumers that buy in bulk.
The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
Mexican Grand Prix organisers say next month's Formula One race in Mexico City will go ahead as planned despite the capital being hit by its deadliest earthquake in three decades.Mexican Grand Prix organisers say next month's Formula One race in Mexico City will go ahead as planned despite the capital being hit by its deadliest earthquake in three decades.
The Indian rupee, however, saw the largest bullish bets in one year as worries about inflation eased.
Oil marketing companies IOC, BPCL and HPCL have invited expressions of interest from start-ups that wish to be enrolled as fuel entrepreneurs for doorstep delivery of high-speed diesel through mobile petrol pumps.
Safety standards are thrown to the wind as government urges consumers to use mobile wallets at petrol pumps, Shine Jacob & Karan Choudhury/Business Standard report from New Delhi.
The sub-group constituted by the Supreme Court to audit Oxygen consumption in hospitals in national capital during the second wave of COVID-19 said that the Delhi government 'exaggerated' the consumption of oxygen and made a claim of 1140 MT, four times higher than the formula for bed capacity requirement of 289 MT.
Succumbing to a rout in emerging markets, the rupee slipped past the 63-mark for the first time in ten weeks.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
Mexican side Guadalajara have fined two players for a goal celebration in which one pretended to shoot the other in the head, sparking outrage in the country where drugs-related violence has claimed 44,000 lives.
'The rupee has lost value against all other major Asian currencies, including that of Bangladesh and, of course, China.' 'Why should this be the case when the Indian economy has been growing faster than these economies, other than China?'
The owner of Colombian top flight club Boyaca Chico has been banned for one year for punching a referee after disagreeing with the official's decisions during a game.
The bench said the Union Cabinet Secretary will be the convenor of the task force and may nominate an officer not below the rank of Additional Secretary to depute for him, when necessary.
It offers a lot of opportunities, especially in the commodities market.
The Philippines' anti-graft agency has initiated an inquiry into whether the police chief broke the law by visiting the United States last week to watch boxer Manny Pacquiao's WBO welterweight victory, a spokeswoman said on Friday.
An undervalued rupee puts pressure on the monetary system, while a rising currency hurts exporters. Is there a middle ground? Ask China.
Delhi, which has gained infamy as one of the world's most polluted cities, has for some years now witnessed a sustained campaign from various quarters seeking a ban on firecrackers. While the Centre launched the newly approved, eco-friendly firecrackers earlier this month as a "safer and cheaper" alternative, the mood in the market is tepid, says Ritwik Sharma.
The non-viability of green crackers may pave the way for e-crackers.
One of the kidnappers is also an Indian citizen.
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