Page 288 - Industry News
DoT directs social media firms to act against content violating Telecom Act
DoT directs social media platforms to remove content enabling CLI spoofing, citing violations of the Telecommunications Act, 2023; compliance deadline set for February 28
 "DoT directs social media firms to act against content violating Telecom Act")
Asci flags 413 offshore online betting advertisements for violating norms
Between April 2023 and March 2024, ASCI flagged 1,336 advertisements, and 492 cases related to RMGs were observed by the body
 "Asci flags 413 offshore online betting advertisements for violating norms")
Back to office? Not so soon: Nearly 50% workers prefer flexibility
Post-pandemic, work-from-home (WFH) has emerged as a key priority for employees, with human resource (HR) professionals struggling to strike a balance between remote and in-office work
 "Back to office? Not so soon: Nearly 50% workers prefer flexibility")
India, UAE trade grows 21.35% to $80.51 billion during Apr-Jan in FY25
While India's exports to the UAE rose 6.82 per cent to $30 billion during the first 10 months of this fiscal year, imports during this period rose 35.58 per cent to $50.51 billion
 "India, UAE trade grows 21.35% to $80.51 billion during Apr-Jan in FY25")
Labour ministry ropes in 'APNA', to list 1 mn jobs annually on NCS portal
The NCS portal serves as a vital bridge between jobseekers and employers, with over 4 million registered employers and 44 million vacancies mobilised since its launch
 "Labour ministry ropes in 'APNA', to list 1 mn jobs annually on NCS portal")
India, Qatar aim to double bilateral trade to $28 billion in five years
The announcement came after talks between Indian Prime Minister Narendra Modi and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani, who is on a two-day visit to New Delhi
 "India, Qatar aim to double bilateral trade to $28 billion in five years")
Ficci, Assocham demand input tax credit for real estate under CGST
The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where the immovable property is constructed for the provision of leasing services
 "Ficci, Assocham demand input tax credit for real estate under CGST")
Industry body calls for broken rice exports as stocks hit nine times target
India banned exports of 100% broken rice in September 2022 and then imposed curbs on exports of all other rice grades in 2023 after poor rainfall raised concerns over production
 "Industry body calls for broken rice exports as stocks hit nine times target")
CCI seeks public comments on draft rules for determining cost of production
In a consultation paper floated by CCI, it said the cost will generally be taken as the average variable cost, serving as a proxy for marginal cost in predatory pricing assessments
 "CCI seeks public comments on draft rules for determining cost of production")
Customs should not act while redemption application is pending with DGFT
Rule 53 of the SEZ Rules, 2006 has no provision to count any supply from a SEZ unit to a bonded warehouse as earnings for the purpose of NFE calculations
 "Customs should not act while redemption application is pending with DGFT")
New skilling policy to focus on tapping global demand for skilled workers
India is eyeing deployment of 100,000 care workers every year from 2027 in developed countries
 "New skilling policy to focus on tapping global demand for skilled workers")
Cheaper indirect routes pull Indian flyers away from direct Europe flights
Data from OAG, covering December 2023 to November 2024, shows that as much as a third of flyers between Mumbai and London and a fourth of flyers from Delhi to London travel indirectly
 "Cheaper indirect routes pull Indian flyers away from direct Europe flights")
Global pharma eyes India's obesity mkt, but weight-loss drugs face hurdles
These drugs belong to a class known as glucagon-like peptide receptor agonists (GLP-1RAs), which mimic a natural hormone that helps regulate blood sugar and appetite
 "Global pharma eyes India's obesity mkt, but weight-loss drugs face hurdles")
Ranveer Allahbadia row: Influencer ethics council moves to restore trust
According to the council, the influencer marketing industry is expected to surpass Rs 3,375 crore by 2026
 "Ranveer Allahbadia row: Influencer ethics council moves to restore trust")
Trai calls for separate network authorisation for telecom infrastructure
In line with similar recommendations for telcos, latest direction calls for ending the practice of signing agreements
 "Trai calls for separate network authorisation for telecom infrastructure")
More Q3 earnings misses than hits by India Inc add pressure to markets
Earnings upgrade-to-downgrade ratio worst in 22 quarters, says Motilal Oswal
 "More Q3 earnings misses than hits by India Inc add pressure to markets")
India, EU to hold next round of talks on proposed FTA from Mar 10
Additional Secretary in the Department of Commerce L Satya Srinivas said that before the round the entire delegation of the European Commission will be in India from February 28
 "India, EU to hold next round of talks on proposed FTA from Mar 10")
Telecom operators hit back at Trai's latest spam-control regulations
Say tougher telemarketers, OTT communication platforms need to be regulated
 "Telecom operators hit back at Trai's latest spam-control regulations")
SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers
The primary objective for establishing 'Special Window' fund is to provide priority debt financing for completion of stalled housing projects that are in Affordable and Middle Income Housing sector
 "SWAMIH touches 50,000 mark as FM Sitharaman hands over keys to homebuyers")
India's exports to US increase 39% to $8.44 bn in January: Govt data
Cumulatively, the country's exports to the US during April-January grew by 8.95 per cent to $68.46 billion against $62.84 billion in the same period previous fiscal