Join us

Cartoons

/

pm-modi-announces-100-reduction-in-lpg-prices-on-international-women-s-day

PM Modi announces ₹100 reduction in LPG prices on International Women’s Day

"This reduction in LPG cylinder prices by ₹100 aligns with our 'ease of living' policy, aimed at ensuring a better and more sustainable lifestyle for every individual," PM Modi stated, emphasizing the holistic approach towards empowering women and promoting an environment conducive to their well-being. The announcement follows closely on the heels of another welfare measure unveiled by the central government on Thursday.

News Arena Network - New Delhi - UPDATED: March 7, 2024, 10:37 PM - 2 mins read

Prime Minister Narendra Modi proclaimed a decrement of ₹100 in the pricing of cooking gas cylinders for all patrons on the occasion of International Women’s Day.

PM Modi announces ₹100 reduction in LPG prices on International Women’s Day

In a step directed towards offering support to countless households, Prime Minister Narendra Modi proclaimed a decrement of ₹100 in the pricing of cooking gas cylinders for all patrons on the occasion of International Women’s Day.

The decision, impacting 316 million households across the nation, was announced as a tribute to the strength and resilience of women, popularly referred to as 'Nari Shakti'.

In a statement posted on X (formerly Twitter) on Friday morning, PM Modi expressed the government's commitment to easing the financial burdens faced by families. He underscored the importance of making essential commodities more affordable, particularly for women, in line with the government's overarching objective of enhancing the quality of life for all citizens.

It involved extending the subsidy of ₹300 per LPG cylinder to economically disadvantaged women enrolled in the Ujjwala Yojana for the upcoming fiscal year starting April 1.

In response to Modi's announcement, state-run oil marketing companies have confirmed their intention to implement the reduction in cooking gas rates imminently. An executive from a public sector oil company, speaking on condition of anonymity, revealed that the companies are awaiting directives from the oil ministry to proceed with the adjustment.

Currently, a 14.2 kg cooking gas cylinder is priced at ₹903 per unit in Delhi. However, following this reduction, the price will stand at ₹803, offering much-needed relief to consumers.

For beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY), the revised cost per cylinder in Delhi will be ₹503 after accounting for the ₹300 per unit subsidy.

Nifty, Sensex dip as bank stocks decline

July 7, 2024, 11:47 PM - 2 mins read

Indian Prime Minister Narendra Modi will visit Russia on Monday for the first time in five years, at a time when Moscow is deepening its embrace of New Delhi’s rival, China.

Modi in Russia: Key issues to be discussed with Putin

July 7, 2024, 11:43 PM - 2 mins read

With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.

India-UK FTA talks likely this month

July 7, 2024, 07:00 AM - 3 mins read

First international cargo flight departs Mangaluru airport

July 6, 2024, 01:36 AM - 2 mins read

Benchmark stock market indices ended Friday's trading session on a weak note as banking and financial stocks declined.

Banking stocks weigh on Nifty, Sensex loses 53 pts

July 5, 2024, 03:55 AM - 2 mins read

The average cost of a vegetarian thali saw a significant increase of 10% in June, driven primarily by the rising prices of onions, potatoes, and tomatoes, according to Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report released on Friday.

June sees 10% hike in veg thali prices

July 5, 2024, 02:55 AM - 2 mins read

Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience.

Swiggy introduces In-app UPI to cut payment failures

July 5, 2024, 12:54 AM - 2 mins read

The ninth Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi and comprising state chief ministers, is expected to convene in August to deliberate on the ‘Viksit Bharat @2047’ vision document.

PM Modi to chair Niti Aayog meet on India 2047 vision

July 4, 2024, 11:22 PM - 2 mins read

In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory.

LIC acquires IDFC first stake, Sensex hits 80,000

July 4, 2024, 04:06 AM - 2 mins read

As the Monsoon Session of the Parliament gears up to begin on July 22, the nation eagerly awaits the presentation of the Union Budget 2024 by Finance Minister Nirmala Sitharaman. This event is more than just a routine fiscal exercise, it marks a historic occasion as Sitharaman becomes the first finance minister to present seven consecutive Union Budgets.

A budget for all: What to expect from Sitharaman's address

July 4, 2024, 03:03 AM - 3 mins read

Equity benchmark indices Sensex and Nifty reached their lifetime peaks in early trade on Thursday, driven by firm global market trends, significant buying in blue-chip stocks, and robust Foreign Institutional Investors (FII) inflows.

Sensex, Nifty hit lifetime peaks on FII inflows

July 3, 2024, 11:29 PM - 2 mins read

Sri Lanka has successfully reached a debt restructuring agreement with its international sovereign bondholders, marking a significant step in the nation's efforts to restore debt sustainability.

Sri Lanka finalises debt restructuring agreement

July 4, 2024, 01:23 AM - 2 mins read

https://www.instagram.com/thelaughclubofficial/

Economy

See All

Benchmark indices Nifty and Sensex experienced a sluggish start on July 8, reflecting the previous session's trend as profit booking, particularly in bank stocks, weighed on the market. In contrast, the FMCG and Pharma indices traded in the green, offering some support.

Nifty, Sensex dip as bank stocks decline

July 7, 2024, 11:46 PM - 2 mins read

Among sector trends, FMCG and Pharma sectors were the bright spots. The FMCG index emerged as the frontrunner, led by gains in Hindustan Unilever, ITC, and Marico stocks. Conversely, the Nifty Bank index traded lower, slipping 0.6 percent, with major laggards including ICICI Bank and Bank of Baroda.

Modi in Russia: Key issues to be discussed with Putin

July 7, 2024, 11:41 PM - 2 mins read

Modi is set to meet with Russian President Vladimir Putin during the visit, which will extend into Tuesday. India’s Foreign Secretary Vinay Kwatra told reporters in New Delhi that given the lack of recent summits, several issues on the bilateral agenda “have piled up, which need to be addressed.” Senior Indian diplomats, speaking on condition of anonymity, said that while major announcements are unlikely, Modi’s visit is intended to send a signal that the two sides remain close.

India-UK FTA talks likely this month

July 7, 2024, 06:54 AM - 3 mins read

With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.

First international cargo flight departs Mangaluru airport

July 6, 2024, 01:36 AM - 2 mins read

The airport's integrated cargo terminal was formally launched on Friday in the presence of officials from AAHL Cargo, Mangaluru International Airport, Customs, IndiGo, Air India Express, and CISF.

Banking stocks weigh on Nifty, Sensex loses 53 pts

July 5, 2024, 03:55 AM - 2 mins read

Despite the dip in major indices, most broader market indices ended in positive territory as volatility declined. Among sectoral indices, Nifty Financial Services and Nifty Bank were the top losers, primarily due to a significant 4.5% drop in HDFC Bank shares.

June sees 10% hike in veg thali prices

July 5, 2024, 02:55 AM - 2 mins read

The report highlighted that the cost of a vegetarian thali, which includes roti, vegetables (onions, tomatoes, and potatoes), rice, dal, curd, and salad, rose to Rs 29.4 per plate in June. This marks an increase from Rs 26.7 in the same period last year and from Rs 27.8 in May 2024.

Swiggy introduces In-app UPI to cut payment failures

July 5, 2024, 12:54 AM - 2 mins read

A source revealed that Swiggy has been testing the UPI service with its employees for the past month and plans to gradually roll out the service to all users in phases over the coming months. The UPI Plugin, launched by the National Payments Corporation of India (NPCI) in 2022, allows merchants to offer UPI payment services within their apps without needing a TPAP license.

PM Modi to chair Niti Aayog meet on India 2047 vision

July 4, 2024, 11:21 PM - 2 mins read

Sources reveal that ahead of the Council meeting, Finance Minister Nirmala Sitharaman will provide an initial overview of the ‘Viksit Bharat’ vision and action plan in the upcoming Budget later this month. The ambitious goal includes positioning India as a $30 trillion economy by 2047, driven by significant policy reforms and governance changes by 2030.

LIC acquires IDFC first stake, Sensex hits 80,000

July 4, 2024, 04:06 AM - 2 mins read

Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra. Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red.

A budget for all: What to expect from Sitharaman's address

July 4, 2024, 03:02 AM - 3 mins read

Industry leaders like Jasvinder Bedi and Ramesh Alluri Reddy have rightly pointed out the need for a focus on skill development and formal job creation. The staffing industry plays a vital role in this regard and deserves official recognition and support. The upcoming budget must prioritize initiatives that bridge the skill gap and create a workforce ready for the demands of the modern economy.

Sensex, Nifty hit lifetime peaks on FII inflows

July 3, 2024, 11:29 PM - 2 mins read

Among the top performers in the Sensex pack were Tata Motors, ICICI Bank, Mahindra & Mahindra, Infosys, HCL Technologies, and Tata Consultancy Services. Conversely, HDFC Bank, IndusInd Bank, Adani Ports and Special Economic Zone, and Bharti Airtel were among the laggards.

Sri Lanka finalises debt restructuring agreement

July 3, 2024, 11:20 PM - 2 mins read

The announcement follows the finalisation of debt restructuring agreements with bilateral lenders, including India and China, in Paris on June 26. President Ranil Wickremesinghe described this earlier agreement as a “significant milestone” in bolstering international trust in Sri Lanka's debt-ridden economy.