Economic Times | 01 Apr, 2022 | 10:35PM IST
According to a BBC report, quoting sources, Indian tech giant Infosys, in which UK Chancellor Rishi Sunak’s wife owns shares thought to be worth more than £400m, is closing its office in Russia. Infosys has been come under pressure to cease its Russian operations following the invasion of Ukraine.
Show more Show less
!1 New UpdateClick here for latest updates
My life is in danger: Pak PM Imran Khan says ahead of no-confidence motion
Prime Minister Imran Khan said on Friday that he has credible information that his life is in danger but asserted that he is not afraid and will continue his fight for an independent and democratic Pakistan. In an interview with ARY News ahead of Sunday’s no-confidence motion in the National Assembly against him, Khan said the “establishment” (the powerful military) gave him three options – no-confidence vote, early elections or resignation as the Prime Minister.
No fine will be imposed anymore on people for not wearing face masks in Delhi, according to an order issued by the health department of the city government
British Air Force conducts NATO air policing mission at Mihail Kogalniceanu airbase in Romania
In a bid to reinforce European Security, British Air Force conducts a NATO air policing mission at Mihail Kogalniceanu airbase in Romania. Four Royal Air Force (RAF) Typhoon fighters landed at Mihail Kogalniceanu Air Base in Southeast Romania on March 30 to support NATO’s enhanced Air Policing in the South, said NATO’s allied air command.
Bharat Biotech slowing down of production of COVAXIN
- Bharat Biotech today announced the temporary slowing down of production of COVAXIN across its manufacturing facilities, having completed its supply obligations to procurement agencies and foreseeing the decrease in demand: BharatBiotech
- As all existing facilities were repurposed for the manufacture of COVAXIN, with continuous production during the past year, to meet the public health emergency of COVID-19, these upgrades were due: BharatBiotech
- Certain highly sophisticated equipment which were required to enhance the process stringency were unavailable during the COVID-19 pandemic. It has to be stressed that the quality of COVAXIN was never compromised at any point in time: BharatBiotech
Not wearing masks will no longer attract fine in Delhi; advise people to wear masks at public places: City govt
DDMA has decided that it is advisory for all public to wear masks in public places, however, no penalty will be imposed for such offence from immediate effect till further orders.
Russia-Ukraine conflict may affect supply chains of semiconductors: MoS IT
The supply chains of global semiconductor industry, which was badly affected during the COVID-19 period, may see further disruptions due to the Russia-Ukraine conflict, Parliament was informed on Friday. The conflict may have particular impact on the supply of neon and hexafluorobutadiene gases that are essential to manufacture semiconductor chips as these are used in the lithography processes for chip production, Minister of State for Electronics and IT Rajeev Chandrasekhar said in a written reply to the Rajya Sabha.
Infosys is closing Russia Office, reports BBC
Ukraine has exchanged 86 servicemen with Russia: Kyiv
Ukrainian Parliament passes law allowing seizure of property of Russian war supporters
It allows confiscating property that belongs not only to Russian state or its residents but also to non-residents connected to Russian govt, deny or support Russia’s war: The Kyiv Independent
US President Joe Biden says 30 countries joining US release of oil reserves: AFP News Agency
Indraprastha Gas Ltd (IGL) today increased domestic PNG price by 16.5%
Rs 5.85/SCM increased w.e.f. 01.04.22 to partially cover the hike in input gas cost. Applicable price in Gautam Budh Nagar would be Rs 41.71/SCM: IGL
Stalin on Governor R N Ravi
Our relationship with Governor R N Ravi good, but there is excessive delay in his decision-making on NEET issue, that’s not correct: Stalin
EU wants to make currency easier for Ukraine refugees
The EU tabled a plan on Friday to make it easier for Ukrainian refugees to access EU currency given that many banks across Europe refuse their local hryvnia banknotes. The Ukrainian economy is deeply disrupted by the war campaign, forcing the central bank in Kyiv to limit the exchangeability of its hryvnia currency in order to preserve its reserve of dollars and euros.
Palghar mob lynching case
Bombay High Court allows bail applications of 10 more accused in 2020 Palghar mob lynching case. The High Court has also rejected bail pleas of 8 other accused in this case.
President Ram Nath Kovind receives guard of honour on his arrival in Ashgabat, the capital of Turkmenistan
He is on a three-day official visit starting today. Visit to continue till April 3.
Ayodhya | Uttar Pradesh CM Yogi Adityanath orders Nagar Nigam to stop the levying of tax on mutts, temples, and religious places
Now mutts, temples, and religious places need not pay commercial tax. The CM also announces that VIPs will not visit Ayodhya on Ashtami and Navami during Ram Navami. If VIP visits, they will not be given the facilities under the protocol system.
Kerala reports 418 new COVID19 cases and 454 recoveries in the last 24 hours
3 deaths that were not added to COVID death list due to a lack of documents and 79 deaths as per the new guidelines of central government, added. Death toll 67,992, active cases 3051: State Government
Mariupol city council: At least $10 billion needed to restore Mariupol’s infrastructure
According to mayor Vadym Boychenko, the authorities are working on ensuring that Russia pays for the city’s reconstruction and provides payments to all residents “for their suffering.”
Russian Foreign Minister Sergey Lavrov was received by Prime Minister Narendra Modi during his official visit to India
Russian Foreign Minister Sergey Lavrov was received by Prime Minister Narendra Modi during his official visit to In… https://t.co/J4exZjhkK1
— ANI (@ANI) 1648819071000
Its very easy to find out who is doing real work in Karnataka: Rahul Gandhi
We should be deciding tickets based on the work that person is doing for Congress. We shouldn’t fight the election for a close result, we should fight to make a decisive govt: Congress leader Rahul Gandhi in Bengaluru
German reserve officer charged with spying for Russia
An officer in the German army reserve has been charged with spying and allegedly passing information to Russian intelligence services between 2014 and 2020, federal prosecutors said Friday. The officer, referred to as Ralph G., is suspected of supplying information on the German military’s reserves, “civil defence”, the impact of sanctions levelled against Moscow in 2014, and the Nord Stream 2 gas pipeline project between Russia and Germany, the federal prosecutor’s office said in a statement.
Uber raises fares
App-based cab firm Uber says it has raised fares by 15 per cent for travel in Mumbai to offset impact of rising fuel prices.
RINL records Rs 28,000 crore turnover in FY22
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, on Friday said it registered sales turnover of Rs 28,008 crore in the last financial year, 56 per cent higher than the previous year. RINL recorded a turnover of Rs 17,956 crore in 2020-21.
Lt Gen SS Mahal assumed the command of the Army Training Command in Shimla
The new Army Commander has succeeded Lt Gen Raj Shukla who superannuated on March 31.
West Bengal Governor Jagdeep Dhankhar falls sick en route to Thakurnagar to attend Matua Dharma Mahamela
He was immediately brought back to Rajbhavan. Doctors attended him, his condition is stable now: ANI
India to continue oil purchases from Russia: FM Nirmala Sitharaman
India’s finance minister on Friday said New Delhi would continue to purchase crude from Russia as its people required oil at a discount after the surge in global prices. India has already started buying oil from Russia, Nirmala Sitharaman said, adding that the transition to gas was challenging as supplies had reduced.
CNG price in Delhi hiked by 80 paise per kg following record natural gas prices
Russia-Ukraine conflict opened opportunities for Indian exporters: CAIT
Traders’ body CAIT on Friday said the sanctions imposed on Russia amid the ongoing Russia-Ukraine conflict have opened opportunities for Indian exporters. The Confederation of All India Traders (CAIT) said that trade organisations from Russia have reached out to it seeking assistance to link the Russian demand for FMCG goods with Indian manufacturers, traders and exporters.
US added 431,000 jobs in March in sign of economic health
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years. The Labor Department’s report Friday showed that last month’s job growth helped reduce the unemployment rate to 3.6%, the lowest level since the pandemic erupted two years ago.
Kyiv mayor says big battles being fought near Ukrainian capital
“Huge” battles are being fought to the north and east of Kyiv, the mayor of the Ukrainian capital said on Friday. “The risk of dying (in Kyiv) is pretty high, and that’s why my advice to anyone who wants to come back is: Please, take a little bit more time,” Mayor Vitaliy Klitschko said, issuing a warning to residents who have fled the capital.
India’s Finance Minister says oil purchases will continue from Russia
Malaysia reopens borders to vaccinated passengers after two years of travel curbs
Malaysia fully reopened its borders on Friday, dropping quarantine requirements for people vaccinated against COVID-19 after two years of strict travel restrictions. The Southeast Asian nation has maintained some of the tightest entry curbs in the region to try to contain coronavirus outbreaks, with most foreign nationals barred from entry and returning Malaysians required to undergo quarantine.
China rejects sanctions
China on Friday renewed its criticism of Western sanctions against Russia, as top European Union officials sought assurances from Beijing that it would not help Moscow circumvent the economic measures imposed in response to the invasion of Ukraine. The Chinese Foreign Ministry also laid blame for the war in Ukraine at least partially on the United States for pushing to expand the NATO military alliance closer to Russia’s borders. Twenty-one of the EU’s 27 countries are also NATO member states.
Lavrov set to meet Prime Minister Modi
Russian Foreign Minister Sergey Lavrov, who is paying an official visit to India is set to meet Prime Minister Narendra Modi on Friday evening after concluding talks with External Affairs Minister S Jaishankar. Russian Foreign Minister will also call on Prime Minister Shri Narendra Modi later during the day, as per a press release by the Ministry of External Affairs. Lavrov is on a two-day visit to India from March 31 to April 1. Jaishankar met the Russian Foreign Minister for talks where both Ministers assessed the overall state of cooperation. They considered the implications of recent developments on trade and economic relations.
Moscow says Ukraine hit a fuel depot inside Russia
Russia accused Ukraine of carrying out an air strike against a fuel depot in the Russian city of Belgorod on Friday, an incident the Kremlin said set an unfavourable tone for peace talks with Kyiv. Ukraine’s foreign minister, Dmytro Kuleba, said he could not confirm or deny reports of Ukrainian involvement in the strike as he did not have military information. The Ukrainian Defence Ministry and the general staff did not respond to requests for comment.
Gazprom exits Gazprom Germania GmbH and all of its assets
Russian energy giant Gazprom said on Friday it had terminated its participation in Gazprom Germania GMBH and all of its assets, including Gazprom Marketing & Trading Ltd.
GST collection at all-time high of Rs 1.42 lakh crore in March
Gross GST collection in March touched an all-time high of over Rs 1.42 lakh crore, the Finance Ministry said on Friday. The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore (including Rs 981 crore collected on import of goods).
More and more transactions will be done using national currencies and bypassing dollar-based system
– Russian Foreign Minister Sergey Lavrov
Israel and UAE finalise free trade deal
Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel’s Economy Ministry and the UAE foreign trade minister said on Friday, after formally establishing ties in 2020. The trade agreement includes 95% of traded products, which will be customs free, immediately or gradually, including food, agriculture and cosmetic products, as well as medical equipment and medicine, the Israeli Economy Ministry said in a statement.
Italy ends COVID-19 state of emergency
Italy on Friday began to phase out its COVID-19 restrictions, ending a state of emergency public authorities declared more than two years ago that allowed it to bypass bureaucracy and swiftly impose rules via decrees. The state of emergency was introduced on Jan. 31, 2020, but Prime Minister Mario Draghi’s government announced plans in March to return to normal after deciding not to extend it. It officially ended on Thursday.
Mine accident in central Serbia kills eight, injures 18
An accident in a mine in central Serbia killed eight people and wounded 18 Friday, authorities said. The accident in the Soko coal mine happened shortly after 4 a.m. (0200GMT). Officials said an investigation is underway to determine exactly what happened. “Inspectors, police and all relevant authorities are at the scene, doing what is necessary to determine the cause of this tragedy,” said the Mining and Energy Minister Zorana Mihailovic. MIhailovic visited the site on Friday and expressed condolences to the families of the victims, promising state help.
China blames US, NATO growth for Ukraine war
China is accusing the United States of instigating the war in Ukraine and says NATO should have been disbanded following the break-up of the Soviet Union. “As the culprit and leading instigator of the Ukraine crisis, the U.S. has led NATO to engage in five rounds of eastward expansion in the last two decades after 1999,” Foreign Ministry spokesperson Zhao Lijian told reporters at a daily briefing Friday. “The number of NATO members increased from 16 to 30, and they have moved eastward more than 1,000 kilometers (600 miles) to somewhere near the Russian border, pushing Russia to the wall step by step,” Zhao said.
India’s foreign policy is guided by its independent position. If India wants to buy anything from Russia, we are ready to discuss it
– Lavrov on India’s purchase of Russian crude oil
Russia’s Lavrov lobbies India
Russian Foreign Minister Sergei Lavrov began meetings with India’s leaders in New Delhi on Friday after seeing his Chinese counterpart earlier in the week, as Moscow tries to keep the Asian powers on its side amid Western sanctions. Lavrov’s mission to shore up support from a country Moscow has long regarded as a friend comes a day after senior U.S. and British officials held talks in New Delhi to persuade the Indian government to avoid undermining sanctions imposed after Russia invaded Ukraine in late February.
Mizoram logs 162 new COVID-19 cases, one fresh fatality
Mizoram’s COVID-19 caseload rose to 2,24,522 on Friday as 162 more people tested positive for the infection, 63 more than the previous day, a health department official said. The state’s coronavirus death toll rose to 685 after a five-year-old boy from Lunglei district succumbed to the infection on Thursday night, the official said.
WWF report says online wildlife trade on rise in Myanmar
A report by the World Wildlife Fund shows illegal purchases of wildlife online are growing in Myanmar in a threat both to public health and to endangered species. The report issued Friday found that enforcement of bans on such transactions has weakened amid political turmoil following a 2021 military takeover.
Pakistan blames Iran for the regrouping of Baloch nationalists
Pakistan’s Interior Ministry confirmed before the parliament earlier this week that anti-Pakistan outfits are regrouping in Balochistan through the Iranian province of Sistan and Baluchestan. This confession comes months after some of the most daring attacks took place on Pakistani security forces in Balochistan–Pakistan’s mineral-rich but poorest province on human development indicators. One of the deadly attacks took place in Kech, on the Pakistan-Iran border after which Islamabad pointed out that the attackers had crossed over from the Iran border.
Government notifies ITR forms for 2021-22
The Income Tax department has notified forms for filing I-T returns for 2021-22 fiscal, which also seek details of income from overseas retirement benefit accounts from taxpayers. The Income Tax returns forms 1-5 have been notified by the Central Board of Direct Taxes (CBDT).
IMD predicts heavy rainfall, isolated heatwave conditions
The India Meteorological Department (IMD) on Friday predicted heavy rainfall over the parts of North-east India and isolated heatwave conditions in other parts of the country, for the next five days. IMD forecasted heavy rainfall in Assam, Meghalaya, Arunachal Pradesh, Nagaland, Manipur, Sikkim, and Sub-Himalayan West Bengal.
Ukraine unable to get supplies to Mariupol or evacuate civilians
An aide to the mayor of Mariupol said on Friday the besieged southern Ukrainian city remained closed for anyone trying to enter and was “very dangerous” for anyone trying to leave. Petro Andryushchenko said Russian forces had since Thursday been preventing even the smallest amount of humanitarian supplies reaching trapped residents, making clear a planned “humanitarian corridor” had not been opened.
Gazprom gas exports to Europe via Ukraine continue
Russian state-owned energy giant Gazprom said on Friday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company said requests stood at 108.4 million cubic metres (mcm) for April 1, down from 109.5 mcm a day earlier.
Sudan’s worsening humanitarian situation
Under former President Omar al-Bashir, a brief period of growth came to an end when oil-rich South Sudan gained independence in 2011. The country began running a large trade deficit, its currency plummeted, and prices of basic goods began rising. A sharp price increase for subsidised bread was a trigger for protests that eventually brought Bashir down in 2019. The transitional government that replaced Bashir instituted rapid IMF-monitored reforms. It devalued the currency, lowered subsidies on bread and electricity and removed subsidies altogether on petrol and diesel. International lenders and Western states offered assistance and debt relief, but froze it after a military coup that overthrew the transitional government on Oct. 25, 2021. Inflation, lower in recent months, is still one of the highest rates in the world at more than 250%.
Nitish not going anywhere, will remain the CM, asserts JD(U)
Bihar Chief Minister Nitish Kumar, who is serving his fourth term in office, will complete his five-year-tenure and was “not going anywhere”, senior leaders of his party, the Janata Dal (United), asserted on Friday. More than one top leaders of the JD(U) came out with the clarification a day after the rumour mill had a field day interpreting an off-the-cuff remark by Kumar during an informal interaction with journalists.
“Transfer Chandigarh to Punjab,” Mann tells Centre
Punjab Chief Minister Bhagwant Mann on Friday moved a resolution in the Assembly seeking immediate transfer of Chandigarh to the state, while accusing the Centre of trying to upset the balance in the adminstration of the Union Territory as well as common assets. The one-day special session comes amid a political row sparked by Union Home Minister Amit Shah’s announcement that central service rules will apply to the employees of Chandigarh.
Tokyo stocks close lower on Ukraine worries
Tokyo shares closed lower on Friday tracking falls on Wall Street as worries mounted over Ukraine, with the latest business confidence data also weighing on the market. The benchmark Nikkei 225 index fell 0.56 percent, or 155.45 points, to 27,665.98, while the broader Topix index lost 0.11 percent, or 2.13 points, to end at 1,944.27.
Ukraine top of agenda as China, EU prepare to meet at summit
The European Union will seek China’s assurances that it won’t assist Russia in circumventing economic sanctions leveled over the invasion of Ukraine at an annual summit Friday. EU officials say they will also look for signs Beijing is willing to cooperate on bringing an end to the war at the virtual meeting. Other topics include China’s travel ban on members of the European Parliament, Beijing’s economic boycott of EU member Lithuania over its Taiwan relations, the fate of a stalled investment agreement and civil and political rights under China’s authoritarian Communist Party regime.
S.Korea air force trainer planes collide in midair
South Korea’s air force said on Friday that two of its KT-1 trainer aircraft collided in midair and crashed, and authorities are checking for any fatalities.
CBI to take Deshmukh into custody
CBI will take the custody of former Maharashtra minister Anil Deshmukh, suspended cop Sachin Waze and Kundan Shinde today, in the corruption case.
Australia to send armored vehicles to Ukraine after request
Prime Minister Scott Morrison said Friday that Australia will send armored Bushmaster vehicles to Ukraine after President Volodymyr Zelenskyy specifically asked for them while appealing to Australian lawmakers for more help in Ukraine’s war against Russia. Zelenskyy addressed the Australian Parliament on Thursday and asked for the Australian-made, four-wheel-drive vehicles. Morrison told reporters the vehicles will be flown over on Boeing C-17 Globemaster transport planes. He didn’t specify how many would be sent or when. “We’re not just sending our prayers, we are sending our guns, we’re sending our munitions, we’re sending our humanitarian aid, we’re sending all of this, our body armor, all of these things and we’re going to be sending our armored vehicles, our Bushmasters, as well,” Morrison said.
Sri Lanka to play two Tests in Bangladesh in May
Sri Lanka will tour Bangladesh next month to play a two-Test series, their second visit to the country in as many years, cricket authorities said. The first Test will be played in Chittagong from May 15 while the Sher-e-Bangla National Cricket Stadium in Dhaka will host the second Test from May 23.