The government has capped the trade margin on oxygen concentrators at 70 per cent in order to keep in check the price of the much in demand critical life saving component amid the second wave of the coronavirus pandemic. The trade margin has been capped at 70 per cent on price to distributor level on oxygen concentrators. In an official release, the chemicals and fertilisers ministry said the decision has been taken in view of the extraordinary circumstances arising due to the pandemic which has resulted in volatility in Maximum Retail Prices (MRP) of oxygen concentrators.
Expressing concern over rising prices, the Congress party on Monday asked the government to deal with the issue of inflation with candour and courage and take stern action against hoarding and black-marketing.
The T-shirt bearing a cartoon picture of the BJP stalwart's face along with the caption 'India's Biggest Pappu' comes in several colours -- white, black and yellow.
Market volatility means while the market can rise sharply, it can also go down dramatically. As a result, those who have invested their money will see the value of their investment sway sharply. Particularly new investors are affected during the market crash, when they see their investments being wiped out. Hence it is important for every smart investor to tackle market volatility intelligently.
The National Security Guard has informed the Delhi police that the IED recovered recently from the Ghazipur flower market had a timer device attached to it and had ammonium nitrate and RDX as its components, official sources said on Monday.
The EPS camp believes that the BJP was already arm-twisting the AIADMK into conceding more seats in the 2024 Lok Sabha elections 'than they deserve' observes N Sathiya Moorthy.
Former Mumbai Cricket Association vice-president Ratnakar Shetty filed a civil suit in a local court seeking a stay on the five-year ban imposed on him by the sport body, from whom he has demanded damages of Rs 50 lakh for "tarnishing his reputation".
The agency found that PDS kerosene oil is being diverted to the open market at many places.
Demonetisation impact, earnings growth, central bank policies will get attention.
If you live outside Patna, you ought to have a lantern in your house. Large parts of Bihar go without electricity for days, thanks to the massive power shortage the state faces. With power generation options looking bleak in the distant future, Bihar continues to live in the dark on sundown. M I Khan reports
Stress is one of the leading causes of premature greying, warns Dr Monica Chahar.
Besides Budget, markets will be driven by global events and the outcome of assembly elections.
The Union Health Ministry on Wednesday told the state governments to crack down on people hoarding and black-marketing swine flu drug Oseltamivir and masks used as protection against the disease, warning that their "shortage will not be tolerated."
Prime Minister Manmohan Singh on Saturday said the Centre and states should not hesitate to take strong measures, including against hoarders and black marketeers, to check the spiraling prices of essential commodities in the wake of delayed and deficient monsoon."In short, the contingency plan for crops, drinking water, human and animal health, fodder, etc should be brought into operation without delay and a close watch kept on availability of foodgrains," he said.
Indore-based textiles firm Neo Corp is the latest in a series of Indian names that have been published in the official gazette of the Swiss govt.
Desolate streets with security personnel and a communications lockdown has left the Valley cut off from the world.
Deora told Business Standard that a substantial volume of kerosene was also smuggled across the border, since the prices there were much higher. He added the government may have to rework various measures taken so far to curb the menace.
The continuing and sustained terrorist attacks in Pakistan, including the recent attack on its army headquarters, and the past record of the nuclear black market operated by the father of Pakistan's nuclear bomb A Q Khan, are certainly cause for concern and remain so, but that country's nuclear arsenal is secure, United States Secretary of State Hillary Clinton has said
In a damning revelation of Pakistan's nuclear proliferation, its disgraced scientist A Q Khan, the father of the country's nuclear weapons programme, has admitted to the Pakistani nexus in the controversial atomic programme of Iran and North Korea. The disgraced 74-year-old Khan, who has been dubbed as the maestro of the world's largest nuclear black market, has made the revelation in a four-page letter addressed to his Dutch wife Henny.
Rajan said expecting the government to provide all solutions wasn't right.
RRR threw a lifeline, or so it seemed -- to a world that was down in the dumps. Keeravani and his Naatu Naatu just happened to be in the right place at the right time, notes Saibal Chatterjee.
This incident has again exposed that despite prohibition being in force in Bihar, alcohol is still available in the black market and that the liquor mafia is very much active
A film that looks and sounds so gorgeous, must be welcomed, applauds Deepa Gahlot. Qala Review.
The AQ Khan nuclear malaise has disseminated to places beyond the usual suspect countries, says a report in the New York Times. Four years after Abdul Qadeer Khan, the leader of the world's largest black market in nuclear technology, was put under house arrest, much more shocking revelations are coming out of the scientist's network's computers.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
Australia to resell nearly 3000 tickets for the 3rd Test match to be played in Perth
More than 900 entities have been banned from the capital markets by Sebi
Congress president Sonia Gandhi has said the government must ensure that the prices of essential commodities remain affordable for the aam aadmi (common man). In a 'Letter to Congresspersons' in the latest issue of the party mouthpiece, she also put the onus of controlling price rise on the state governments, saying they should strengthen the public distribution system and control black marketing and hoarding.
Many people were also carrying posters mentioning 'black day on May 29' and 'Moosewala amar rahe' and demanded 'justice for Moosewala'.
'Markets are likely to remain choppy for the next 6 months.'
For the initial public offering (IPO) of the Life Insurance Corporation of India (LIC), the Centre has shortlisted 50-60 anchor investors, which include BlackRock, Sands Capital, Fidelity Investments, Standard Life, and JP Morgan, and will soon finalise its anchor book. The feedback from anchor investors has led to price discovery in LIC shares, valuing India's largest insurer at around Rs 7 trillion, said an official aware of the development. The "attractive valuation" is seen widening the investor base by providing an opportunity to more of them to participate in the IPO, the official added.
The Bank of Japan's action has nullified the effects of the end of the US' quantitative easing programme but the dependence of foreign institutional investors remains a concern
Markets could slide again owing to conditions in Europe and the US.
Hospitals in the national capital continued to grapple with a shortage of oxygen, saying they are still operating on the "beg and borrow" mode, while three of them also raised the issue before the Delhi high court on Monday, stating they were not receiving enough supplies.
Kriti makes you smile and cry through her unexpected journey, notes Sukanya Verma.
'The Centre is planning to procure five million vials of Remdesivir ahead of the third wave. What's better is that this time, the government is paying us in advance,' said a senior executive of a Mumbai-based pharma player which makes Remdesivir. Sohini Das reports.
Finance Minister P Chidambaram today revealed that while he favoured tough administrative measures to control price rise, there was no unanimity on this issue in cabinet.
The first inclination we had that Queen Elizabeth II had passed into the ages was a glimpse of the Union Jack flying at half mast over Buckingham Palace during the BBC's sterling non-stop coverage after her doctors stated their concerns on the British monarch's health on Thursday.
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