Business NewsThe government is now mulling a ‘windfall tax’ on all oil producers like ONGC in an try to moderate gas prices. In the earlier interactions, the Prime Minister had heard beneficiaries of free cooking gasoline (LPG) scheme, monetary inclusion initiative, start-up enterpreneurs, well being scheme and Digitial India.

Shares dived in Hong Kong and Shanghai as buyers fret over a doable trade warfare between the US and China after Donald Trump threatened contemporary sanctions, sparking warnings of retaliatory measures by Beijing. Home foreign exchange market sentiment succumbed to bouts of pressure on revival of fresh international trade war fears and issues about risk that the adverse US trade policy could have a substantial impression on the Indian economic system.

The rupee on Friday edged larger to 68.15 in opposition to the US dollar, extending its restoration after falling to 18-month low 68.forty two on Wednesday. Despite the brief recovery, the rupee isn’t far away from its all-time low of sixty eight.87 vs US dollar, recorded in November 2016. Moreover outflows from home capital markets, a rising dollar and a surge in world crude prices have weighed on the rupee. The rupee is down over 6 per cent towards the US dollar thus far this yr. Foreign exchange advisory agency IFA International says that the opportunity of rupee heading in the direction of 70 per dollar is growing. There is a nonetheless room for further depreciation from current levels, it provides.

Dr Ali bin Azan al Hashami, deputy secretary of the real estate registry at the Ministry of Housing, mentioned that the value of traded contracts in Oman’s real property sector exceeded RO256mn by the tip of Could this 12 months. The collected fees from real property transactions stood at RO8.34mn during the first 5 months of 2018, he mentioned.

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No. Trump can have a Twitter outburst, and set off one other confrontation. In the wage negotiation meeting held on May 5, 2018, IBA Indian Banks’ Affiliation made a propositions to supply 2 per cent hike within the wage bill price as on March 31, 2017.

Investor sentiment suffered a jolt following a promote-off in world markets after US President Donald Trump threatened to impose extra tariffs on Chinese language goods, which Beijing vowed to retaliate. Content material copyright © Journal Media Ltd. 2018 Registered in Dublin, registration quantity: 483623. Registered office: third flooring, Latin Corridor, Golden Lane, Dublin 8.

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