Union Home Secretary Ajay Bhalla on Monday reviewed the steps taken to revamp infrastructure at Delhi's IGI airport that include ramping up capacities, close monitoring and revised scheduling of air slots and de-cluttering of immigration counters. Top officials of the Ministry of Civil Aviation, Directorate General of Civil Aviation (DGCA), Bureau of Civil Aviation Security [...]
Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. Gross bond issuances by banks is estimated to reach Rs 1.3-1.4 lakh crore this [...]
The shortage of healthcare workers globally could rise to 10 million by the end of the decade, affecting access to care, inequities and treatment of mental health, a new report said on Monday. Launched in the run-up to the World Economic Forum (WEF) Annual Meeting 2023 in the Swiss ski resort town of Davos, the [...]
Edible oils industry body SEA on Monday urged the Centre to increase import duty on RBD palmolein from the current 12.5 per cent to 20 per cent to discourage cheaper imports and protect domestic refiners. In a memorandum submitted to Union Food Secretary Sanjeev Chopra, Solvent Extractors' Association (SEA) President Ajay Jhunjhunwala said the import [...]
The government on Monday authorised Mobile and Electronic Devices Export Promotion Council (MEDEPC) to issue registration-cum-membership certificate, a key document for exporters, for certain products related to the sector including smartphone, smart watch, monitors and parts of mobile phones. According to the Foreign Trade Policy (FTP), a Registration-cum-Membership Certificate (RCMC) is required for exporters in [...]
Economists at the country's largest lender SBI on Monday dismissed the 'K-shaped recovery' critique, saying the pandemic was a 'leveler' which helped in reducing inequalities. They said government transfers to the poor alone are adding up to Rs 75,000 per household per annum. It can be noted that in the months following the outbreak of [...]
The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent. There will be interoperability of the two digital payment networks, allowing seamless remittances between the two [...]
The government on Monday said the Bureau of Indian Standards (BIS) has come out with quality standards for three electronic devices -- digital television receivers, USB Type-C charger and Video Surveillance Systems(VSS). The first is Indian standard IS 18112:2022 specification for digital television receivers with built-in satellite tuners, the consumer affairs ministry said. "TVs manufactured [...]
Ahead of the Union Budget, Prime Minister Narendra Modi will meet economists and sectoral experts at NITI Aayog on Friday to discuss the state of the economy and measures to accelerate growth which is estimated to drop to 7 per cent, a senior government official said. The official further said that the meeting will also [...]
Informal women workers in Indian construction and real estate sector earn 30-40 per cent less than male workers, according to a report that highlights about gender inequality in this sector. Consulting firm Primus Partners and World Trade Center on Monday released a report 'Pink Collar Skilling: Unleashing the Women's Power in the Real Estate Sector' [...]
