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BusinessToday.in
New Delhi, August 17, 2018
Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the architect of the telecommunication sector in the country. He established a separate disinvestment ministry. He passed the Chandrayan-1 project.Health insurance to now cover mental illness says IRDAIIn a pathbreaking move, 3 months after  the Mental Healthcare Act, 2017 came into force, the Indian insurance regulator IRDAI has notified insurers to cover medical treatment for mental illnesses. The notice issued on Aug. 16, said that, \"every insurer shall make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness.\" The order is applicable on all insurance companies in India with immediate effect. The Mental Healthcare Act, 2017, which came into effect on May 29, is aimed at protecting the rights of persons with mental illnesses during delivery of mental healthcare and services.UPI gets an upgrade with new featuresNational Payments Corporation of India (NPCI) has launched UPI 2.0 in Mumbai as an upgrade to the first iteration of Unified Payments Interface (UPI) that debuted in April 2016. The new UPI version has features such as UPI Mandate and Invoice in the Inbox. There are also new security enhancements including Signed Intent and QR that are designed to let customers verify merchants before making any payments as reported by NDTV. Further, there is an option to attach UPI to an overdraft (OD) account. This comes in addition to the existing saving and current account support. Banks that are using the upgrade include State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank, and HSBC.Mercedes-Benz to hike prices by up to 4% next monthGerman luxury carmaker Mercedes-Benz said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement. The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.Airlines advised to keep air fares in check for Kerala flightsThe Central government has asked domestic airlines to keep a check on air fares for flights operating to and from Kerala.The advisory comes as the state suffers from one of the worst bouts of floods in the recent past.According to the Ministry of Civil Aviation, airfare on 18 domestic routes are being monitored. The monsoon fury has hit different parts of Western Ghats including districts of Kerala and adjoining areas in Karnataka.Plunging rupee to increase India's oil import bill by $26 billionIndia's crude oil import bill is likely to surge by about $26 billion in 2018-19 as rupee falling to a record low has made buying of oil from overseas costlier, government officials said yesterday as reported by Mint. The Indian rupee opened at 70.25 and plunged to a fresh record low of 70.40 a dollar. Moreover, the weak rupee will also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG).


BusinessToday.In
August 15, 2018
The Prime Minister mentioned some of the key policy decisions such as GST and Benami Law that were discussed for years but did not see the light of the day till his government came to power.  


BusinessToday.In
August 15, 2018
Prime Minister Modi said that the country has made rapid changes in the past few years compared to 2013 when the Congress-led UPA government was in power. The Prime Minister said that the country was on a new path of progress.


BusinessToday.In
July 31, 2018
After keeping the fuel prices unchanged on Sunday, the OMCs hiked the petrol price the next day in the four metro cities by 9 paise each. The rate hike came after 15 days of price cut.


Joe C. Mathew
New Delhi, July 23, 2018
The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.


BusinessToday.In
July 15, 2018
The government subsidises 12 cylinders of 14.2 kilogram each per household in a year by directly transferring the subsidy amount to the users' bank accounts.


PTI
July 12, 2018
The development comes nearly seven months after Airtel along with Airtel Payments Bank came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent, and LPG subsidy worth crores was deposited into these accounts.


PTI
New Delhi, June 30, 2018
Subsidised cooking gas price was hiked by Rs 2.71 per cylinder today as a result of tax impact of base price rising due to spurt in international rates and fall in rupee.


BusinessToday.In
June 19, 2018
The upcoming OPEC/non-OPEC Joint Ministerial Monitoring Committee meeting in Vienna on June 22 will play a major role in determining the trajectory of fuel prices here on.


BusinessToday.In
New Delhi, June 1, 2018
Just when India was beginning to celebrate further softening of petrol and diesel prices today - now down 14 paise and 11 paise per litre respectively in three days - comes a new blow: LPG cylinders are now costlier.


PTI
June 1, 2018



BusinessToday.In
May 30, 2018
After a constant hike for 16 days, petrol and diesel prices cut by 1 paisa on Wednesday. Fuel prices have seen a sharp rise soon after the polling concluded in Karnataka assembly elections.


PTI
May 27, 2018



BusinessToday.In
May 25, 2018
The government is now mulling a 'windfall tax' on all oil producers like ONGC in an attempt to moderate fuel prices.


BusinessToday.In
May 24, 2018
Here are some of the options before the government to rein in rising fuel prices.


BusinessToday.In
New Delhi, May 24, 2018
The ministry plans to direct ONGC to sell its crude oil at below ruling international prices by capping the price at, say, $70 for the entire fiscal year. Oil India Ltd, the country's second largest hydrocarbon exploration and production PSU, will not be a part of this scheme.


PTI
May 22, 2018



PTI
May 21, 2018



PTI
May 18, 2018



PTI
May 18, 2018



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