NEW DELHI: Airlines will provide a full refund immediately for tickets booked during the Covid-19 lockdown period for domestic or international travel between March 25 and May 3, civil aviation regulator DGCA proposed in court Supreme For all other cases, the airlines will do their best to refund the amount …
Read More »How UP jumped 10 spots to second in ‘ease of doing business’
LUCK: In a big boost for the Uttar Pradesh The government’s efforts to build an investor-friendly environment in the state ranked second in the 2018-19 State Business Reform National Action Plan, the annual ‘Ease of Doing Business’ ranking released on Saturday. The state jumped 10 spots from the 2017-18 ranking, …
Read More »Ease of Doing Business Ranking: UP jumps 10 spots to second place
NEW DELHI: In a big boost to the Yogi Adityanath government, Uttar Pradesh jumped 10 spots to second in the states’ ease of doing business ranking released on Saturday. According to the annual ranking Released today by the Department for the Promotion of Industry and Domestic Trade (DPIIT), Andhra Pradesh …
Read More »Nitin Gadkari calls on auto and components industry to discourage imports
Union Minister Nitin Gadkari (File photo) NEW DELHI: Minister of the Union Nitin gadkari on saturday he asked Indian car and component industry not relying on imports and developing local substitutes for products bought abroad, saying that the country’s auto sector has the potential to be the leading global manufacturing …
Read More »Foreign investors are serious about India’s commitment to reform: Sitharaman
NEW DELHI: Minister of Finance Nirmala Sitharaman on Saturday he said that India’s commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the Covid-19 era. Between April and July, foreign direct investment (FDI) in India stood at $ …
Read More »DGCA orders resumption of pre-flight breath analyzer tests for pilots and cabin crew
(Representative image) NEW DELHI: Pilots and the cabin crew will have to submit again breath analyzer (BA) tests to show they are not under the influence of alcohol. The General Directorate of Civil Aviation (DGCA) has resumed these tests after suspending them at the end of March due to the …
Read More »The government may increase tariffs on imported cars
Representative image NEW DELHI: In a move seen as a protectionist measure, the government said on Friday that import tariffs on fully or semi-downed cars and assemblies (CKD and SKD) could be increased as it also advised foreign manufacturers to reduce the amount of royalty payments they collect from their …
Read More »RBI renews rules for priority sector loans and adds new companies
MUMBAI: The Reserve Bank of India (RBI) has revised its Priority Sector Lending (PSL) rules to boost flows of funds to districts that have been foreclosed and has doubled its cap for healthcare infrastructure to Rs 10 crore and for renewable energy to Rs 30 crore. According to the new …
Read More »Witness country of V-shaped recovery; The strict blockade caused a strong contraction of the economy: report of the Ministry of Finance
NEW DELHI: The Finance Ministry said on Friday that the country is witnessing a V shape Economic recovery and attributed the strong 23.9 percent contraction of the economy in the June quarter to a “strict lockdown” that was put in place to slow the spread of coronavirus infections. Among the …
Read More »Vodafone Idea board approves fundraising plan of up to Rs 25 billion
(Representative image) NEW DELHI: telco operator with liquidity problems Vodafone idea on Friday it said its board has approved a fundraising plan of up to 25 billion rupees as the company tries to pay off the high debts it owes to the government. In a regulatory filing, the company said: …
Read More »