The government on Sunday imposed import curbs on parts of pocket lighters with immediate effect, a move which would help encourage domestic manufacturing and cut dependence on their inbound shipments from China.
"Import of parts of pocket lighters, gas fuelled, non-refillable or refillable lighters (cigarette lighters)... is restricted with immediate effect," the directorate general of foreign trade (DGFT) said in a notification.
Imports of cigarette lighters, priced less than Rs 20, are already prohibited. The import ban is also there on pocket lighters, gas-fuelled, non-refillable or refillable.
Last year, the government also issued mandatory quality standard norms for flame-producing lighters with a view to contain import of sub-standard goods and boost domestic manufacturing.
Items under the quality control orders (QCO), cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark.
During April-July this fiscal, import of lig

In one rare situation, there is a case for some protectionism against imports from China

Air passengers might have a reason to smile this Diwali season as average airfares on many domestic routes have dropped 20-25 per cent compared to the year-ago period, according to an analysis.
Increased capacity and the recent fall in oil prices are considered to be among the factors for the fall in air ticket prices.
The analysis by travel portal ixigo showed that average airfare on the domestic routes have declined in the range of 20-25 per cent.
The prices are for one-way average fare on a 30 days APD (advanced purchase date) basis.
For 2023, the time period considered is November 10-16 while it is October 28-November 3 for this year. This is the time around Diwali.
The maximum decline of average airfare is 38 per cent for a Bengaluru-Kolkata flight to Rs 6,319 this year from Rs 10,195 last year, as per the analysis.
The ticket price on Chennai-Kolkata route has fallen 36 per cent to Rs 5,604 from Rs 8,725.
The average airfare for Mumbai-Delhi flight has dropped 34 per cent

Flight, plane, Airplane

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Here is the best of Business Standard's opinion pieces for today

Ratan Tata

The Indian Medical Association (IMA) on Thursday urged West Bengal Chief Minister Mamata Banerjee to resolve the issues of junior doctors who are on a hunger strike in Kolkata, saying a safe working environment is not a luxury but a prerequisite.
In a letter to Banerjee, the IMA said it has been almost a week since the young doctors started the hunger strike and they deserve her "immediate attention".
The junior doctors of R G Kar Medical College and Hospital in Kolkata have been protesting against the alleged rape and murder of a colleague on August 9. Their indefinite hunger strike entered the fifth day on Thursday.
The IMA said it supports the "just demands" of the protesting doctors.
"They deserve your immediate attention," the IMA said in its letter to Banerjee, adding that the West Bengal government is fully capable of fulfilling all demands of the protesters.
"Peaceful ambience and security are not a luxury. They are a prerequisite. We appeal to your good self to settle the

Indian medical association, IMA logo

The Public Works Department (PWD) in Delhi has prepared an inventory of items in the 6, Flagstaff Road bungalow, officials said on Thursday.
Two inventories, one before issuing of the vacation certificate to former chief minister Arvind Kejriwal after he vacated the bungalow and the other after his successor Atishi left it on Wednesday, were prepared and now the call will be taken on its fresh allotment, said a senior government officer.
"A list of household belongings was prepared along with taking pictures and videos of the inside and outside of the property to make sure everything was in order," he said.
The bungalow where Kejriwal lived as chief minister for over nine years has come in the eye of a storm with the chief minister moving in and out of it in quick succession.
AAP has alleged that the LG, at the behest of the BJP, got the bungalow "forcibly" vacated. The BJP on the other hand has alleged that the bungalow was occupied by the chief minister without proper ...

Atishi marlena, Atishi, Delhi CM

CBIC had issued its circular prescribing the procedures for the payment of IGST and compensation cess (CC) along with interest by the importers who had violated the pre-import condition

Shipping, trade, import, export

Analysts expect overall sales growth to be 10-11%

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Equity savings schemes offer lower-risk hybrid options with tax advantages over most other mutual fund schemes with similar risk profiles

Striking gold in the  hybrid fund mine

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Govt imposes import curbs on parts of pocket lighters with immediate effect

Average airfares around Diwali drop 20-25% on many domestic routes

CCPA directs Ola cabs to provide refund options to its consumers

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