Top Headlines: Gyanvapi verdict today, Russia's discounted oil, and more

In a bid to counter the growing clamour among the G7 nations to enforce a price cap on Russian oil, Moscow told New Delhi it is willing to provide petroleum at even lower rates than before to India

Security was tightened and prohibitory orders under Section 144 were imposed in Varanasi as a district court will pronounce the verdict on the maintainability of the suit in the Gyanvapi mosque-Shringar Gauri case on Monday. In a bid to counter the growing clamour among the G7 nations to enforce a price cap on Russian oil, Moscow has told New Delhi it is willing to provide petroleum at even lower rates than before to India, officials said. 

Countering G7 price cap proposal, Russia offers discounted oil to India

In a bid to counter the growing clamour among the G7 nations to enforce a price cap on Russian oil, Moscow has told New Delhi it is willing to provide petroleum at even lower rates than before to India, officials said. “In principle, the ask in return is that India should not support the G7 (Group of Seven) proposal. A decision on this issue will be taken later following talks with all the partners," an official with the Ministry of External Affairs (MEA) said. Read more
 

Serum Institute may give India its first adult tuberculosis vaccine

Soon, India’s fight against tuberculosis (TB) is likely to have another weapon in its arsenal – an adult TB vaccine. According to government sources, a recombinant Bacille Calmette–Guérin (rBCG) vaccine may soon be available for adults in India, thanks to Pune-based Serum Institute of India’s (SII’s) tireless efforts. Read more
 

Court's verdict in Gyanvapi Mosque case today: All you need to know

Security was tightened and prohibitory orders under Section 144 were imposed in Varanasi as a district court will pronounce the verdict on the maintainability of the suit in the Gyanvapi mosque-Shringar Gauri case on Monday. District Judge A K Vishvesh had last month reserved the order till September 12 in the communally sensitive matter. Read more
 

Irdai mulls SFIO-like independent agency to probe cases of insurance fraud

The Insurance Regulatory and Development Authority of India (Irdai) is considering a recommendation to set up an independent investigation agency to probe cases of insurance fraud. This agency, if formed, shall be similar to the Serious Fraud Investigation Office (SFIO), which probes corporate fraud and comes under the Ministry of Corporate Affairs (MCA). Read more

Oil prices at 7-month low, but no change in petrol, diesel prices in India

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost. International benchmark Brent crude fell below $90 per barrel last week for the first time since early February as recession fears weigh on demand. Read more
 

Pharma body clears Micro Labs of charges of spending Rs 1000 cr on freebies

The Indian Pharmaceutical Alliance (IPA) on Saturday cleared Micro Labs, the makers of the paracetamol tablet Dolo-650, of the charge that they offered freebies worth Rs 1,000 crore to doctors to prescribe the brand. The IPA in a report submitted to the National Pharmaceutical Pricing Authority (NPPA) said that, “in view of interaction with the management of the company and the detailed reply, it is clear Rs 1,000 crore expenditure on single brand Dolo-650 on freebies in one year is not correct.” Read more