World Updates
Former Finance Minister and prominent Congressman P Chidambaram asked on Sunday to maintain price restraint till the duopoly in the civil aviation industry persists, one day after the government imposed a restriction on prices in response to IndiGo flight delays. Additionally, he accused the government of being “clueless and powerless” in the IndiGo scandal. The … Read more
After days of widespread cancellations and delays, IndiGo CEO Pieter Elbers announced on Sunday that the airline is progressively returning to regular operations, saying that “step by step, we are going back.” IndiGo Battles Major Disruptions The biggest airline in India, which normally runs over 2,300 flights per day, has had major interruptions recently, impacting … Read more
A senior official in the power ministry said on Sunday that India does not currently have any plans to increase the capacity of its coal-fired power plants beyond 2035. “India wants to ensure its energy needs,” Power Ministry secretary Pankaj Agarwal told Reuters outside of an event. “We intend to have a coal capacity of … Read more
Analysts predict that gold prices will stay strong over the next week due to investor attention on the US Federal Reserve’s monetary policy result and the rupee’s decline. They said that despite anticipations of an interest rate reduction and ongoing central bank purchases, the precious metal’s bias is still favorable. Pranav Mer, Vice President of … Read more
The Employees’ Pension Plan, which is a part of the Employees’ Provident Fund, is unfamiliar to the majority of salaried workers. A portion of your employer’s EPF payment discreetly shifts into EPS each month. After you retire, you will ultimately get a monthly pension from this pool. The pension part operates according to a set … Read more