LPG price hiked again by Rs 25; ATF price up 6.5%
New Delhi: Cooking gas LPG price was on Monday hiked by Rs 25 per cylinder across all categories, including subsidised fuel and those availed by Ujjwala scheme beneficiaries – the fourth increase in rates in a month’s time. LPG prices have gone up by Rs 125 per 14.2-kg cylinder since the beginning of February, price […]
Strive for seamless digital payments, lessons to be learnt from NSE’s tech glitch: FM
New Delhi: Finance Minister Nirmala Sitharaman on Monday asked civil accounts officers to have a clear roadmap for seamless digital payments, saying there are lessons to be learnt from the “technology-driven glitch” that happened at National Stock Exchange. Addressing the 45th Civil Accounts Day she said the Controller General of Accounts (CGA), who is the […]
Mandatory FASTag to help save Rs 20k cr per annum on fuel: Gadkari
New Delhi: Mandatory FASTag for highways will help save Rs 20,000 crore per annum on fuel and boost the revenue by at least Rs 10,000 crore, Union Minister Nitin Gadkari said on Monday. Launching a live monitoring system to assess the live condition at toll plazas pan India and releasing a rating system for highways […]
New social media rules may raise compliance cost, make competition tough for smaller cos: Ind execs
New Delhi: The new social media intermediary rules could raise compliance costs for players, making it difficult for smaller companies to compete against bigger giants like Facebook, according to industry watchers. The new rules, announced last week, distinguish between ‘social media intermediaries’ and ‘significant social media intermediaries’ with 50 lakh registered users as the threshold […]
Bringing petroleum products under GST will be good move: Chief economic advisor
Kolkata: Chief Economic Advisor K V Subramanian has backed a proposal to bring petroleum products under the ambit of the Goods and Services Tax (GST). He, however, said the decision will have to be taken by the GST council. “It will be a good move, but the decision rests with the GST Council,” Subramanian said […]
Survey finds insurance as most preferred financial product to protect family post-COVID
New Delhi: Insurance has become the most-preferred financial product to protect the family against health emergencies post the COVID-19 pandemic with more people inclined to invest in insurance products in the next six months, according to a survey from Tata AIA Life Insurance. According to a consumer confidence survey on the impact of COVID-19 commissioned […]
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 […]
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 […]
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 […]
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 […]
