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The month of September marked a significant spike in LNG traffic through the Strait of Hormuz, with 19 to 21 cargoes navigating the waters, the highest since war broke out. The cargoes predominantly hailed from Qatar and the United Arab Emirates. Interestingly, vessels adopted unusual routes, resorting to dark transits to go unnoticed.
At current prices, 10 grams of 24-karat gold costs around Rs 1.5 lakh, an amount that would buy approximately 650 grams of silver. With gold prices remaining prohibitively high for a large section of middle-class buyers, the white metal is steadily attracting attention. High gold prices have made the precious metal out of reach for several people.
US employers added only 29,000 jobs in September, significantly lower than economists' expectations of 90,000. The unemployment rate rose to 4.2% as more people entered the workforce without immediate jobs. Healthcare hiring showed a notable slowdown, with government job cuts further contributing to weak hiring figures. While layoffs decreased by 18%, hiring plans fell sharply, reaching their lowest since 2011.
In 1972, the Himachal Pradesh government allotted three bigha and two biswas of agricultural land in Shimla to a person under the Nautor rules for cultivation. His wife died in 2012, leaving behind their only daughter, who subsequently approached the revenue authorities once again for issuance of the patta. Her request was reportedly rejected outright on the ground that married daughters were ineligible for land under the Nautor rules.
Irdai has introduced proposed guidelines aimed at reshaping the commission and expense structures for insurance distribution. This shift focuses on reducing reliance on high commission models, favoring a more customer-oriented strategy. Key proposals include imposing limits on commissions for products and introducing remuneration based on distributors' efforts. This pivotal change could greatly affect brokers and online platforms, with shares already experiencing a decline.
The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous.