LPG subsidy will be given only to poor households with ‘Ujjwala’ connections and all others will have to pay market price but the government is likely to continue to keep fuel prices in check. “Subsidies by definition are not designed to get entrenched and increased. Subsidies by definition have to be depressive,” oil minister Hardeep Singh Puri said on Thursday.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/D1UZh8C
India's merchandise exports rose by 15.46 per cent to $37.29 billion in May on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as the trade deficit widened to $23.33 billion during the month, the commerce ministry said on Thursday.
The Schengen visa situation could in fact get worse now. The embassy of Denmark in New Delhi has temporarily suspends all new visa appointment at VFS due to “shortage of staff, absence and an unforeseen increase” in the number of applications.
Meta Platforms Inc Chief Operating Officer Sheryl Sandberg is leaving the company after 14 years, she said in a Facebook post on Wednesday, sending the social media firm's shares down 4%. Chief Growth Officer Javier Olivan will replace Sandberg, said Chief Executive Mark Zuckerberg in a separate post. Javier has worked at Meta for more than 14 years and has led teams handling Facebook, Instagram, WhatsApp and Messenger.
Air India’s iconic Boeing 747s may have finally reached the end of the road after colouring international skies in the tricolour for over half a century. The Tata Group recently revamped the airline’s website and the jumbo jets are not shown as part of the fleet.