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Forget Gen Z and Millennials the over-50s Silver Spenders are powering inve...

Forget Gen Z and Millennials the over-50s Silver Spenders are powering investment opportunities, including these stocks ## The Untapped Powerhouse: How Silver Spenders are Reshaping Investment Landscapes A demographic shift is quietly reshaping consumer markets and, consequently, investment... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
Nearly 71% of women would help pay for t...

Nearly 71% of women would help pay for their engagement ring: They may see ...

Nearly 71% of women would help pay for their engagement ring: They may see a ring as 'proof of worthiness and desirability,' says expert ## The Shifting Landscape of Engagement: Women Increasingly Willing to Invest in the Ring The tradition of a man solely bearing the financial burden of... read more »

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Airlines cancel more than 1,500 flights ...

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Airlines cancel more than 1,500 flights ahead of winter storm. Here's what to know ## Winter Storm Disrupts Post-Holiday Air Travel, Forcing Mass Cancellations The anticipated arrival of a significant winter storm across a broad swath of the United States has triggered widespread flight... read more »

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Economy

6 Ways to Ensure Regular Income After Retirement

Most people don’t think ahead financially, and it often takes a toll on them when it’s time to retire. The average life expectancy in India is also rising, with the current statistics measuring... read more »

Compensate for your Absence in the Best Possible W...

Don’t all your plans revolve around your family? Moreover, if you are a parent, it is a case of who’s going to bring your child to a football... read more »

New phased implementation strategy of Eway bill system ...

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Eway bill update so far : After being run out from the field in the very beginning phase of its introduction on Feb 1 2018, the day marked for introduction of... read more »

Have composition GST number, want to sell Online, What ...

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Before knowing about the E-commerce platforms where goods and services are bought/procured and sold let’s take a tour of history and know how we used to... read more »

Market Live: Sensex, Nifty remain sluggish; pharma stoc...

Sun Pharma and Cipla were the top losers on both indices, while Maruti Suzuki, Mahindra and Mahindra, Eicher Motors and Hindalco gained the most. Moneycontrol... read more »

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Investing

Retirement Planning Lessons from Cricket

Have you felt the adrenaline rush when the Indian cricket team is a few minutes away from victory, or the excitement when the team wins the match? Although you can only see the players hitting the... read more »

7 parameters of selecting the best mutual fund for...

Mutual funds are highly popular among investors as one of the great instruments for wealth creation. If you still haven’t invested in one, the year... read more »

When Should You Start Investing For Your Child’s ...

The answer is As soon as possible. Remember, Farhan Qureshi of the 3 Idiots movie? His father, Mr. Qureshi wanted him to become an engineer and he even started... read more »

Top NRI Realty Investment Destinations

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Strong U.S. job growth, rising wages set stage for Fed ...

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WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the... read more »

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Gold & Metals

Gold regains Rs 28,000 mark on seasonal demand, global cues

Continuing its rising streak for the third consecutive day, gold crossed the Rs 28,000 level after over four months by gaining Rs 100 at the bullion market in the national capital on Monday. The... read more »

Government hikes import tariff value on gold, silv...

NEW DELHI: The government today hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price... read more »

Gold Edges Towards 12-Week High on Safe-Haven Demand

Singapore: Gold edged up for a third session out of four to hover near a 12-week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and... read more »

Gold firm ahead of US nonfarm payrolls report

SINGAPORE — Gold rose on Friday ahead of a closely watched US jobs report and the metal was set to post its first weekly gain in four thanks to safe-haven... read more »

India not planning further curbs on gold imports –...

India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on... read more »

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10-year Treasury yield lower as investors mull rates path followi...

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