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Clapping won't help daily wagers, give financial help: Rahul to govt on COVID-19
short by Sakshita Khosla / on Saturday 21 March, 2020
Congress leader Rahul Gandhi on Saturday asked central government to "take quick steps" to help daily wage labourers and small businessmen amid coronavirus outbreak. Gandhi said economic packages such as cash help were needed. "Clapping won't help them (labourers, businessmen)," he added, referring to PM Narendra Modi's suggestion to citizens of clapping for health workers during self-isolation.
Gold prices fall ₹1,550, silver plunges by ₹3,000
short by Anmol Sharma / on Monday 7 April, 2025
Gold prices fell ₹1,550 to close at ₹91,450 per 10 grams in Delhi on Monday, according to the All India Sarafa Association. The precious metal of 99.9% purity had dropped ₹1,350 to close at ₹93,000 per 10 grams on Friday. Meanwhile, silver prices have plunged by ₹3,000 to close at ₹92,500 per kg on Monday.
read more at PTI
India's 1st vertical lift sea bridge gets stuck on day of inauguration
short by Ankush Verma / on Monday 7 April, 2025
India's first vertical lift sea bridge, the new Pamban Bridge in Tamil Nadu, got stuck on the day of inauguration, The Hindu reported. The lift span was seen in a slanted position in videos that surfaced on social media. After approximately 30 minutes of troubleshooting, officials managed to bring the lift back down, The Hindu said.
read more at Free Press Journal
LPG cylinder price hiked by ₹50
short by Arshiya Chopra / on Monday 7 April, 2025
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday announced that the cost of each LPG cylinder will be hiked by ₹50 for Ujjwala and non-Ujjwala consumers. "This means the price of each cylinder will go up from ₹500 to ₹550 for Ujjwala beneficiaries. For others, it will go up from ₹803 to ₹853," Minister Puri added.
read more at Hindustan Times
Retail prices of petrol & diesel to not rise: Govt on ₹2/litre excise duty hike
short by Arshiya Chopra / on Monday 7 April, 2025
After the government announced ₹2 per litre hike on petrol and diesel on Monday, Ministry of Petroleum and Natural Gas said the retail prices won't be affected. "PSU Oil Marketing Companies have informed that there will be no increase in retail prices of Petrol and Diesel, subsequent to the increase effected in Excise Duty Rates," the ministry tweeted.
read more at X
Why did Sensex crash over 2,200 points on Monday?
short by Arshiya Chopra / on Monday 7 April, 2025
Sensex crashed around 2,200 points on Monday as fears of a global trade war grew after US President Donald Trump announced tariffs on several countries. The Sensex and Nifty crash was preceded by a market rout on Wall Street and other major Asian markets like Japan, Singapore and China. Foreign portfolio investors (FPIs) have also resumed selling Indian equities again.
read more at Hindustan Times
Sensex & Nifty close 3% lower after Black Monday-like market wipeout
short by Ashley Paul / on Monday 7 April, 2025
India's benchmark indices Sensex and Nifty closed 3% lower on Monday after most Asian markets witnessed wipeouts similar to 1987's Black Monday. Sensex ended 2,226 points lower at nearly 73,130 while Nifty closed over 700 points lower below 22,200. Trent, Tata Steel, Larsen and Toubro, JSW Steel, Hindalco Industries and Tata Motors were biggest losers on both Sensex and Nifty.
read more at BSE
Govt hikes excise duty by ₹2/litre on petrol, diesel
short by Arshiya Chopra / on Monday 7 April, 2025
The government on Monday announced that it has increased excise duty on petrol and diesel by ₹2 per litre. "This notification shall come into force on the 8th day of April, 2025," the notice released by the Ministry of Finance stated. The decision comes amid ongoing fluctuations in global oil prices and Trump's tariffs.
read more at News18
Chances of US recession raised to 45% by Goldman Sachs
short by Ankush Verma / on Monday 7 April, 2025
Goldman Sachs has raised odds of a US recession to 45% in the next 12 month as fears of a trade war grip markets after US President Donald Trump's tariffs. Goldman had raised the probability of a US recession to 35% from 20% just last month. Earlier, JP Morgan put the odds of a US and global recession at 60%.
read more at Reuters
Why is India not planning to retaliate against Trump’s tariffs?
short by Ankush Verma / on Monday 7 April, 2025
India will reportedly not retaliate against US tariffs. PM Narendra Modi's administration has looked into a clause of Trump's order that offers possible reprieve for trading partners who "take significant steps to remedy non-reciprocal trade arrangements", an Indian official told Reuters. Another official said India sees advantage in being among first nations that initiated trade talks with US.
read more at Reuters
Which sectors lost the most as Indian markets crashed?
short by Ankush Verma / on Monday 7 April, 2025
As Indian markets crashed on Monday, Nifty IT fell over 5%, while Nifty Metal and Pharma fell over 7% and 3%, respectively. Nifty Realty saw a drop of over 5% and Nifty PSU Bank crashed 4%. Nifty Media and Nifty Auto crashed nearly 7% and nearly 5%, respectively. The Sensex has crashed by nearly 3,000 points.
read more at NSE
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