NEW DELHI: Desperate times call for desperate measures. Full service Air India is planning to make meals optional on its domestic and short international (under two hour) flights. Once this “unbundling” rolls out in the next month or two, passengers opting out of meals could have upwards of Rs 250 shaved off their ticket price….
The clause allows relief in extraordinary circumstances beyond human control, such as war, and frees parties from contractual liability NEW DELHI: The West Asia conflict should be treated as a “war” to invoke the ‘force majeure’ clause in public contracts where obligations have been impacted by disruptions, the finance ministry has said.It has allowed govt…
A long-pending demand of EPFO pensioners may finally move forward, with the labour ministry reportedly examining a revision in the minimum monthly pension under the Employees’ Pension Scheme (EPS-95). The present guaranteed pension stands at Rs 1,000 a month, and any upward revision could bring relief to lakhs of retirees receiving low payouts.No official figure…
US President Donald Trump said the United States will raise tariffs on cars and trucks imported from the European Union to 25 per cent next week, claiming the bloc was not complying with a previously agreed trade deal.“I am pleased to announce that, based on the fact the European Union is not complying with our…
The US dollar was set for a second straight day of losses against the Japanese yen on Friday after Japan was reported to have intervened in currency markets to support its weakening currency, Reuters reported.The greenback was on course for its sharpest weekly fall versus the yen since early February, down about 1.7 per cent…
A proposed High-Level Committee on Banking for Viksit Bharat will examine balance sheet constraints faced by public sector banks and ways to better leverage their capital, Financial Services Secretary M Nagaraju said on Friday, PTI reported.The government is expected to announce the terms of reference for the panel soon.“This committee is expected to review the…
Strong indirect tax collections work well for government finances, especially at a time when the economy is facing global headwinds. (AI image) India’s gross Goods and Services Tax (GST) collections rose to a record high of Rs 2.43 lakh crore in April 2026. The number assumes greater significance in the backdrop of the Middle East…
The University of Chicago on Friday said it has conferred its prestigious Alumni Award for Professional Achievement to India’s former chief economic adviser Krishnamurthy V Subramanian.Subramanian is the first Indian economist to receive the honour since its inception in 1941, placing him in an elite global cohort that includes Nobel laureates and intellectual giants such…
Wall Street moved higher on Friday and edged closer to fresh record highs as strong quarterly earnings from Apple, Estee Lauder and other companies lifted sentiment while a mild retreat in oil prices offered additional support.The S&P 500 rose 0.6 per cent, extending gains after closing at an all-time high on Thursday. The Dow Jones…
India’s mining and metals sector needs a fresh look at environmental compliance norms as rising exploration costs and depletion of high-grade mineral reserves create new pressures for the industry, experts said on Thursday, PTI reported.The sector, which is estimated to account for up to 7 per cent of global greenhouse gas emissions, currently requires environmental…
