Recent News

Sensex collapses as soon as it opens, registers a fall of 293 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 292.65 points and opened at the level of 59317.76 points. On the other hand, the Nifty of NSE opened with a decline of 76.00 points at the level of 17731.70 points.

All India Weather Forecast for April 7, 2022Weather systems made across the countryA Cyclonic Circulation has formed over South Andaman Sea. A low pressure area is also very likely to develop over South Andaman Sea in the next 24 to 48 hours.The circulation is over North Chhattisgarh and adjoining areas.A trough is extending from Vidarbha to Interior Tamil Nadu via Marathwada and Karnataka.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred at isolated places over Lakshadweep and Kerala in Assam, Meghalaya and Arunachal Pradesh Andaman and Nicobar Islands.Light to moderate rain occurred over rest of Northeast India, Sub-Himalayan West Bengal, remaining parts of Sikkim, Kerala, South Madhya Maharashtra, South Konkan and Goa and parts of South Chhattisgarh.Heat wave to severe heat wave conditions are prevailing over isolated parts of Himachal Pradesh, West Rajasthan, South Haryana, isolated parts of Delhi and NCR and East Madhya Pradesh.Heat wave conditions are prevailing over East Rajasthan, West Madhya Pradesh, isolated parts of Jammu division, Uttar Pradesh, Bihar and Jharkhand.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls is likely over Andaman and Nicobar Islands, Assam, Meghalaya, Arunachal Pradesh and Sikkim.Light to moderate rain is possible over rest of Northeast India, Lakshadweep, Kerala, parts of Karnataka and South Konkan and Goa, South Madhya Maharashtra, Marathwada, Coastal Andhra Pradesh and South Chhattisgarh.Heat wave to severe heat wave conditions may occur over some parts of Himachal Pradesh, West Rajasthan, South Haryana, isolated parts of Delhi and NCR and East Madhya Pradesh.Heat wave conditions are possible over East Rajasthan, West Madhya Pradesh, isolated parts of Jammu division, Uttar Pradesh, Bihar and Jharkhand.

Money weakens again against dollar, on Wednesday closed at 75.76 with a weakness of 44 paise.  The closing took place with a fall in the stock market, the Sensex fell 566 points to reach the level of 59610.41.  Gold shines intact, rose by Rs 242 to reach Rs 51613 till the time of writing the news.  On Wednesday, there was a rally in the cotton physical market.  Malaysia Palm Oil remained bullish throughout the day, increased by 34 ringgits at 6615 at the time of closing of the market.                               

Today evening, the rupee depreciated by 44 paise to close at Rs 75.76 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 59610.41 points, down by 566.09 points. On the other hand, Nifty closed at 17807.70, down by 149.70 points.   

*Rupee depreciates against dollar, loses 5 paise*Rupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 18 paise at Rs 75.50 against the dollar. At the same time, on Tuesday, the rupee strengthened by 22 paise to close at Rs 75.32 against the dollar.*SiS Commited to update you on all textile related news real time.*

Sensex collapses as soon as it opens, registers a fall of 398 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 398.12 points and opened at the level of 59778.38 points. On the other hand, the Nifty of NSE opened with a decline of 109.20 points at the level of 17848.20 points.

All India Weather Forecast for April 6, 2022Weather systems made across the countryA trough is extending from Vidarbha to Interior Tamil Nadu via Karnataka.A cyclonic circulation is very likely to develop over South Andaman Sea by 6th April, and under its influence a Low Pressure Area is likely to form over southwest Bay of Bengal by 7th April.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred over parts of Assam, Meghalaya, Arunachal Pradesh, Sikkim, Sub-Himalayan West Bengal and South Kerala.Rest of Northeast India received light to moderate rain.Light rain occurred at isolated places over South Konkan, Madhya Maharashtra and Karnataka.Heat wave occurred at many places with severe heat wave in different parts of western Rajasthan.Heat wave conditions prevail over parts of Himachal Pradesh, isolated parts of Madhya Pradesh, Rajasthan, Uttar Pradesh, South Haryana, Delhi, Bihar, Jharkhand and Gujarat.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain is very likely at isolated places over Andaman and Nicobar Islands. The sea condition is likely to remain rough with wind speed reaching 40-50 kmph over Andaman Sea.Light to moderate rain is very likely to continue at isolated places over Assam, Meghalaya, Arunachal Pradesh and Sikkim.Light rain with one or two moderate places very likely over Kerala and Tamil Nadu and isolated parts of Sub-Himalayan West Bengal, parts of Karnataka, Madhya Maharashtra, South Konkan and Goa and South Chhattisgarh and North Coast of Andhra Pradesh Light rain is possible inHeat wave conditions to severe heat wave conditions are possible over isolated parts of West Uttar Pradesh and Rajasthan.Heat wave conditions are possible at isolated places over Punjab, South Haryana, Delhi, Madhya Pradesh, Bihar, West Vidarbha, Jharkhand and Gujarat.

 Today evening, the rupee strengthened by 22 paise to close at Rs 75.32 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 60176.50 points, down 435.24 points. On the other hand, Nifty closed at 17957.40 points down by 96.00 points.

Govt begins inspection drive to curb hoarding of edible oils, oilseeds: Food secretaryThe government on Monday said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability.The country, which is dependent on the imports of edible oil to meet over 60 per cent of its domestic demand, has seen a sharp rise in retail prices of various types of cooking oils in the last couple of months due to the global geopolitical situation. The prices have continued to rule firm despite several government measures."The government has taken many measures. A recent step is that we have initiated an inspection drive from April 1 to curb hoarding and black marketing of edible oils and oilseeds," food secretary Sudhanshu Pandey told PTI.Pandey said that a central team along with state government officials is conducting inspections in various oilseeds- and edible oil-producing states.Large states like Uttar Pradesh, Madhya Pradesh and Maharashtra are being covered now, he said, adding that the drive will be intensified in the coming days.About other measures, the secretary said the government has already cut import duty on edible oils, extended stock holding limits till end of this year and ensured early clearance of vessels at ports, besides facilitating imports through private traders.In order to enforce the stock limit orders, eight central teams have been deputed to ensure strict compliance."The surprise inspections are presently underway in selected districts of eight states for checking the stocks of edible oils and oilseeds at ground level i.e, with the retailers, wholesalers, big chain retailers and processors," an official statement said.These states are Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Telangana, Gujarat, West Bengal and Delhi. Strict action as per the provisions of the Essential Commodities Act will be initiated against the violators, the statement added.That apart, Pandey said, the Centre is holding regular meetings with states to ensure the maximum retail price fixed by wholesalers is adhered to by the retailers.In the case of sunflower oil, the secretary said Russia and Ukraine are the two major suppliers, and private traders are making efforts to source from other countries, but it would be of a small quantity.As per the data maintained by the consumer affairs ministry, there has been sharp surge in average retail prices of soyabean oil, sunflower oil and palm oil in the last three months.The average retail price of sunflower oil is ruling as high as Rs 184.58 per kg as on April 4 compared to the rate of Rs 161.71 a kg on January 1 this year.Similarly, the average retail price of soyabean oil has increased to Rs 162.13 per kg from Rs 148.59 per kg, while that of palm oil has risen to Rs 151.59 per kg from Rs 128.28 per kg in the said period.The average groundnut oil prices were ruling flat at Rs 181.74 per kg on April 4, but mustard oil saw an increase of Rs 2.78 per kg to hit Rs 188.54 in the said period.The official statement also said: "The government has notified a central order on March 30, 2022, amending the removal of licensing requirements, stock limits and movement restrictions on specified foodstuffs order, 2016 and its central order dated February 3, 2022 by extending the stock limits for all edible oils and oilseeds put together for a period up to December 31, 2022 for all states/Union Territories".Six states viz. Uttar Pradesh, Karnataka, Himachal Pradesh, Telangana, Rajasthan and Bihar, which had issued their own control orders in pursuance of the central order dated October 8, 2022, have also been brought under the purview of the latest order with effect from April 1, 2022."At present, the domestic production of edible oils is unable to meet the country's domestic demand. The Country has to rely on a large scale on imports to meet the gap between demand and supply. Around 56% of the edible oils segment consumed in the country is met through imports. The recent geo-political events have pushed the international prices of all edible oils to all-time high level," the statement added.Therefore, the food ministry said that there was a need to inspect the domestic market participants to ensure that no unfair practices like hoarding and profiteering are being resorted to by unscrupulous elements.The stock limit order notified by the government empowers the Union government and all states/UTs to regulate storage and distribution of edible oils and oilseeds."This step coupled with surprise inspections seeks to help the government in checking hoarding of edible oils and oilseeds in the country and ensure that the prices of edible oils, which is a basic necessity, do not go out of reach of common man," the statement said.

Govt begins inspection drive to curb hoarding of edible oils, oilseeds: Food secretaryThe government on Monday said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability.The country, which is dependent on the imports of edible oil to meet over 60 percent of its domestic demand, has seen a sharp rise in retail prices of various types of cooking oils in the last couple of months due to the global geopolitical situation. The prices have continued to rule firm despite several government measures."The government has taken many measures. A recent step is that we have initiated an inspection drive from April 1 to curb hoarding and black marketing of edible oils and oilseeds," food secretary Sudhanshu Pandey told PTI.Pandey said that a central team along with state government officials is conducting inspections in various oilseeds- and edible oil-producing states.Large states like Uttar Pradesh, Madhya Pradesh and Maharashtra are being covered now, he said, adding that the drive will be intensified in the coming days.About other measures, the secretary said the government has already cut import duty on edible oils, extended stock holding limits till end of this year and ensured early clearance of vessels at ports, besides facilitating imports through private traders.In order to enforce the stock limit orders, eight central teams have been deputed to ensure strict compliance."The surprise inspections are currently underway in selected districts of eight states for checking the stocks of edible oils and oilseeds at ground level i.e, with the retailers, wholesalers, big chain retailers and processors," an official statement said.These states are Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Telangana, Gujarat, West Bengal and Delhi. Strict action as per the provisions of the Essential Commodities Act will be initiated against the violators, the statement added.That apart, Pandey said, the Center is holding regular meetings with states to ensure the maximum retail price fixed by wholesalers is adhered to by the retailers.In the case of sunflower oil, the secretary said Russia and Ukraine are the two major suppliers, and private traders are making efforts to source from other countries, but it would be of a small quantity.As per the data maintained by the consumer affairs ministry, there has been sharp surge in average retail prices of soybean oil, sunflower oil and palm oil in the last three months.The average retail price of sunflower oil is ruling as high as Rs 184.58 per kg as on April 4 compared to the rate of Rs 161.71 a kg on January 1 this year.Similarly, the average retail price of soybean oil has increased to Rs 162.13 per kg from Rs 148.59 per kg, while that of palm oil has risen to Rs 151.59 per kg from Rs 128.28 per kg in the said period.The average groundnut oil prices were ruling flat at Rs 181.74 per kg on April 4, but mustard oil saw an increase of Rs 2.78 per kg to hit Rs 188.54 in the said period.The official statement also said: "The government has notified a central order on March 30, 2022, amending the removal of licensing requirements, stock limits and movement restrictions on specified foodstuffs order, 2016 and its central order dated February 3, 2022 by extending the stock limits for all edible oils and oilseeds put together for a period up to December 31, 2022 for all states/Union Territories".Six states viz. Uttar Pradesh, Karnataka, Himachal Pradesh, Telangana, Rajasthan and Bihar, which had issued their own control orders in pursuance of the central order dated October 8, 2022, have also been brought under the purview of the latest order with effect from April 1. 2022."At present, the domestic production of edible oils is unable to meet the country's domestic demand. The country has to rely on a large scale on imports to meet the gap between demand and supply. Around 56% of the edible oils segment consumed in the country is met through imports. The recent geo-political events have pushed the international prices of all edible oils to an all-time high level," the statement added.Therefore, the food ministry said that there was a need to inspect the domestic market participants to ensure that no unfair practices like hoarding and profiteering are being resorted to by unscrupulous elements.The stock limit order notified by the government empowers the Union government and all states/UTs to regulate storage and distribution of edible oils and oilseeds."This step coupled with surprise inspections seeks to help the government in checking hoarding of edible oils and oilseeds in the country and ensure that the prices of edible oils, which is a basic necessity, do not go out of reach of common man," the the statement said.

*Rupee opens 2 paise stronger against dollar*Rupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 2 paise at Rs 75.52 against the dollar. At the same time, on Monday, the rupee closed at Rs 75.54 with a gain of 24 paise against the dollar.