BUSINESS

 Press Trust of india

Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules

Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules

New Delhi: The government has fixed fifty lakh registered users as the threshold for defining ‘significant social media intermediary’, which will have to adhere to additional obligations and compliance under the new IT rules that seek to crack down on misuse of social media platforms. The new rules, announced earlier this week, require ‘significant social […]

 Press Trust of india

PM Modi asks toy manufacturers to use less plastic, more eco-friendly material

PM Modi asks toy manufacturers to use less plastic, more eco-friendly material

New Delhi:  Prime Minister Narendra Modi on Saturday exhorted toy manufacturers to use less plastic and more eco-friendly and recyclable material in a bid to increase the share of the domestic industry in the global market. Inaugurating the first India Toy Fair, the Prime Minister said, “We have to become Aatmanirbhar in the toy sector […]

 Press Trust of india

Govt finalises products under scheme to increase farmer income, exports

Govt finalises products under scheme to increase farmer income, exports

New Delhi:  The government on Saturday said it has finalised a list of  products from agriculture and allied sectors that will be promoted in a cluster approach in 728 districts across the country as part of its effort to boost farm exports and enhance farmers income. The agriculture ministry, in consultation with food processing industries […]

 Press Trust of india

Current inflation target band appropriate for next 5 years: RBI report

Current inflation target band appropriate for next 5 years: RBI report

Mumbai:  With the next review of the flexible inflation target (FIT) framework coming up soon, the Reserve Bank of India (RBI) on Friday said the current inflation target of 4 per cent with a +/-2 per cent tolerance band is appropriate for the next five years. The country adopted the FIT framework in 2016, and […]

 Press Trust of india

PM asks banks to come out with innovative products for startups, fintech

PM asks banks to come out with innovative products for startups, fintech

New Delhi: Prime Minister Narendra Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups. He said that although the government’s endeavour is to promote the private sector, the public sector still needs to […]

 Press Trust of india

Many market associations support ‘Bharat Vyapar bandh’ but keep shops open

Many market associations support ‘Bharat Vyapar bandh’ but keep shops open

New Delhi:  Various markets in the national capital remained open on Friday during the ‘Bharat Vyapar Bandh’ called by traders’ union with many saying that despite supporting the cause, they did not want to suffer another day of losses. The Confederation of All India Traders (CAIT) on Thursday had said all commercial markets across the […]

 Press Trust of india

Need coordinated action between centre, states on tax reduction in fuel prices: RBI Guv

Need coordinated action between centre, states on tax reduction in fuel prices: RBI Guv

Mumbai:  Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices. “There is a need for coordinated action between the centre and the states because there are inherent taxes levied by both,” the […]

 Press Trust of india

‘Code of ethics’ to be applicable for news publishers, OTT players, digital media: Govt

‘Code of ethics’ to be applicable for news publishers, OTT players, digital media: Govt

New Delhi:  The government on Thursday said a ‘code of ethics’ and three-tier grievance redressal mechanism would be applicable for news publishers, over-the-top (OTT) platforms and digital media. Seeking to establish a soft touch regulatory framework for these entities, the government said OTT platforms (like Netflix and Amazon Prime Video) would have to self-classify the […]

 Press Trust of india

PNB scam case: Nirav Modi loses extradition fight, UK judge rules he has case to answer in India

PNB scam case: Nirav Modi loses extradition fight, UK judge rules he has case to answer in India

London:  Nirav Modi, the diamond merchant wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, on Thursday lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts. The 49-year-old appeared […]

 Press Trust of india

Govt clears PLI scheme to boost manufacturing of laptops, tablets, PCs

Govt clears PLI scheme to boost manufacturing of laptops, tablets, PCs

New Delhi:  The government on Wednesday approved a production-linked incentive (PLI) scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for […]

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