Boost For Startups as Government Okays Rs 10,000 Crore Corpus

New Delhi: The government on Wednesday approved Rs 10,000 crore ‘Fund of Funds for Startups’ to support them with an aim to generate employment for 18 lakh persons.
“The fund is expected to generate employment for 18 lakh persons on full deployment…A corpus of Rs 10,000 crore…

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Govt unveils civil aviation policy, scraps 5/20 norm

New Delhi, Jun 16 (PTI) In a major reform of the aviation sector, government today scrapped the 5/20 overseas flying norm for domestic carriers in its new civil aviation policy while capping fares at Rs 2,500 for one-hour flights and imposing a “small levy” on passengers towards…

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New civil aviation policy: Rs 2,500 for 1-hr flights; 5/20 norm scrapped

New Delhi, Jun 15 (PTI) Airlines will soon charge only Rs 2,500 for one hour flights and will get tax incentives for operating on unserved routes even as fliers will have to pay additional levy towards regional connectivity fund under the civil aviation policy unveiled on Wednesday.

The government…

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Inflation spikes to 5.76 per cent in May on costly food items

New Delhi, June 14 (PTI) Rising for the second month in a row, retail inflation shot up to 5.76 per in May due to rise in prices of food items, including vegetables.

The rise may make it difficult for the Reserve Bank of India (RBI) to lower the interest…

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IRDAI to decide on allowing insurers to invest in tier-1 bonds

Kolkata, June 13 The Insurance Regulatory and Development Authority of India (IRDAI) has not yet taken a decision on allowing insurers to invest in the additional tier-1 (AT-1) bonds due to risks associated with the instrument, according to an IRDAI official.

“There is a debate and we have…

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