Savings Effect

The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100% tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran. The resolution to advance the Russia sanctions bill and a slew of other legislations was approved by a 214-211 vote, shocking the House Democratic leadership.

Trump could get power to hit India with up to 100% tariffs as Russia sanctions bill advances -US House advanced Russia/Iran sanctions bill. -Bill could impose tariffs on Russian oil buyers. -India faces potential 100% tariffs on its goods.

Oil falls as US crude inventories rise despite Saudi supply concerns Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.

SEBI proposes easier disaster recovery testing framework, non-working day drills at exchanges -SEBI proposes BCP/DR changes for market institutions. -DR drills on non-working days, 4-hour minimum. -Includes stress testing, fault tolerance, data recovery.