Airfares to international destinations have soared along with the rise in oil prices following the Russia-Ukraine crisis, but on the domestic routes, the recent hike in airfares can be attributed to an increase in bookings, said travel industry officials on Friday. In January, during the third Covid wave, domestic airfares crashed with a drop in demand.
The road transport ministry has proposed a lower rate of third party (TP) premium for electric and hybrid electric vehicles for the next financial year while proposing a marginal increase in the premium for all other categories of vehicles. The only exception is for the multi-axle trailers where the premium may increase by nearly 6%.
The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21.An office memorandum issued by the budget division of the ministry of finance informed all departments and ministries that the last date for accepting the surrender of savings anticipated in the Grants for 2021-22 has been fixed as March 21, 2022.
The Russian-Ukraine war can hit the global supply chains that are already constrained due to the pandemic and the worst impact will be on ongoing chip shortage because the warring nations brutally control supplies of key raw materials that go into making semiconductors, warns a report.
In a case involving SLO Industrial Ltd, the Chennai bench of the NCLAT consisting of M Venugopal and Kanthi Narahari said the power to do so has only been vested in the committee of creditors (CoC) and then the adjudicating authority.
The move comes after the government faced criticism for allegedly not providing enough policy support to migrant workers when they left cities in large numbers during the first wave of the Covid-19 pandemic in 2020.
In a surprise development, Amazon, Biyani Group and Reliance Retail, engaged in a multi-forum litigation for control of Future’s retail empire, agreed to attempt a settlement after the Supreme Court on Thursday warned that a judicial verdict could hurt one of the parties.
Some of the big-ticket changes include doing away with stipend payment proof from industry if the payment is made to the candidate though a payment gateway, a senior government official told ET.
