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GOVT HIKES DA BY 4% UNDER 7TH PAY COMMISSION; DETAILS HERE 0
- Market, Stock Market
- September 29, 2022
The Union Cabinet has hiked Dearness Allowance (DA) of central government employees and pensioners by 4 percent under the 7th Pay Commission, The hike takes DA to 38 percent from current 34 percent of basic pay/pension. The Finance Ministry said that the central government employees and pensioners will become entitled to higher amount of Dearness
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Govt bans import of drones; provides certain exceptions 0
- India
- February 10, 2022
The government on Wednesday banned import of foreign drones with certain exceptions as part of efforts to promote domestic manufacturing of drones in the country. Import of drones for R&D, defence and security purposes have been exempted from the ban but such imports will require due clearances. “Import of drone components, however, shall not require
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Google Doodle marks beginning of 2022 Winter Olympics in Beijing 0
- Sports
- February 4, 2022
The Winter Olympics 2022 begin on February 4 in China’s capital city Beijing. Google is marking the event with an animated doodle displaying some of the events that are scheduled to take place during the Olympics. The Google Doodle on February 4 shows cartoon animals participating in sporting events like ice hockey, figure skating and skiing. “The
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Gold, Copper Slip as Powell Dashes Fed Pivot Hopes 0
- Gold, Market
- November 3, 2022
Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that interest rate hikes will end soon, while copper prices were also hit by uncertainty over China withdrawing its zero-COVID policy The Fed hiked interest rates by an as-expected 75 basis points (bps), and said that
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Gold steady, Copper Rises Amid Smaller Rate Hike Expectations 0
- Gold
- November 23, 2022
Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bank is likely to raise interest
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Gold Steadies Despite Rate Hike Headwinds, Set For Flat Week 0
- Gold, Market
- September 23, 2022
Gold prices steadied on Friday, and were set to end the week largely unchanged as selling pressure from a hawkish Federal Reserve appeared to have eased. Bullion prices showed surprising resilience this week after the Fed hiked rates and struck a more hawkish tone than many were expecting, with U.S. interest rates now set to
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