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Soon Flyers To Be Able To Use Mobile And Internet On Board

New Delhi: The highest decision-making body the Telecom Commission at the department of telecommunications (DoT) has approved the move that flyers would soon be able to make calls from their mobile phones and surf the internet on board in all flights in Indian airspace.

“We will now have to create a separate category of licencees called in-flight connectivity provider. These will provide internet as well as voice services within Indian territorial airspace... in both domestic and international flights,” ArunaSundararajan told reporters.

The telecom department will now start the process of framing licence terms for in-flight connectivity (IFC) providers and then invite applications, she said, adding that this process could take three months. IFC providers will be required to pay an annual licence fee of Re1 initially. “It is a fabulous decision. Given the nature of my job, I’m constantly travelling and it is my downtime when I take flights, which now I can use more productively. With data availability, I can catch up on work, read online and stay connected,” said AbhishekGanguly, managing director of Puma India.

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Govt Not To Cut Excise On Petroleum Products Despite Prices Soaring

New Delhi: The government is not considering cutting excise duty on petrol and diesel despite petrol price touching a 55-month high and diesel rate hitting an all-time high. Economic Affairs Secretary Subhash Chandra Garg has said that rates have not touched levels that could trigger such an action.

Garg said oil prices can impact the government's fiscal maths if they result in a spike in rates of domestic cooking gas (LPG) - the only commodity that is subsidised now.

"Otherwise there is no direct subsidy any longer," he said. "Indirect subsidy/impact comes, if crude oil prices reach a certain level (and) there might by some rethink about excise duty etc. That's not happened so far," he added. Without indicating the level of oil prices that could trigger an excise duty cut, he said, "If the level (of prices now) does not go up, there is no reason (for excise duty cut)." The price of petrol was on April 21 hiked by 13 paise per litre while that of diesel was raised by 15 paise per litre. As of Saturday, the cost of petrol was Rs 74.21 a litre and that of diesel diesel was Rs 65.46 per litre in Delhi.

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650 Branches Of India Post Payments Bank To Be Operational Soon: Sinha

New Delhi: Union Minister of State for Communications ManojSinha on Sunday said that the work of system integration of the payments bank had been completed and processes mandated by the Reserve Bank of India would be completed within one week. With all this as many as 650 branches of the India Post payments bank are likely to be operational across the country by next month.

"It is likely that 650 branches of the India Post payments bank would start functioning from May," he said at a press conference here. The minister said that the launch of the postal department's payments bank would enable more than 1.5 lakh post offices to become access points for people to avail banking services, adding that it would help the government's plans of financial inclusion and direct transfer of benefits in remote areas.

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IndiGo President Ghosh To Step Down; Bhatia To Be Interim CEO

New Delhi: President of IndiGo Aditya Ghosh will step down on July 31, 2018 after being part of the company for over 10 years.  Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO. India's InterGlobe Aviation Ltd that runs the country's top carrier IndiGo on Friday announced these developments.

According to sources, Greg Taylor is likely to be appointed as president and CEO of the company. Taylor has more than 40 years of experience in the sector and has held various senior management roles at United Airlines and US Airways.

Ghosh has stepped down as Whole Time Director of InterGlobe Aviation, the parent of IndiGo, effective from April 26 while his resignation as President would come into effect from July 31. Welcoming Taylor, Bhatia said his enormous and varied experience and understanding of the complexities of the airline industry would be invaluable to the airline's future plans.

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Job Market Appears To Be Looking Up With Three Million Joining EPF

New Delhi: Job market appears to have started looking up with more than three million workers joining the country's state-run social security fund, Employees Provident Fund (EPF), in six months through February. This will give Prime Minister NarendraModi some ammunition to defend his record on creating jobs ahead of a general election due next year.

A new data series on payrolls released by the EPF for the first time on Wednesday, however, gives an incomplete picture of how many new jobs are being created in the non-farm sector. The provisional data showed 4,72,075 employees were added to the state-run social security fund in February, and 6,04,557 joined in January, bringing the six-month total to 31.1 lakh.