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IndiaTV Business: Google News Feed: Digest for January 14, 2023

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According to a report published by aviation analytics firm OAG, India's largest airline IndiGo and state-owned Coimbatore airport are among the 20 most punctual airlines and airports globally. 
In a big boost to Digital India initiative, the Centre has approved has approved an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022. The decision to approve Rs 2,600 crore scheme was taken during a Cabinet meeting chaired by Prime Minister Narendra Modi. 

Budget 2023: 10 interesting facts about Indian Union Budget

Thursday 12 January 2023 06:46 AM UTC+00
Budget 2023 is an annual event where the  government presents its financial plans for the upcoming fiscal year. It is a highly anticipated event that is closely watched by economists, businesses, and the general public. The Union Budget not only lays out the government's financial plans but also gives insight into its economic and social priorities. 
The budget process for the fiscal year 2023 in India is an important event for individuals, businesses and the economy as a whole. The process begins with the Finance Minister presenting the budget proposal in the Lok Sabha, which includes estimates of government revenues and expenditures for the upcoming fiscal year. The proposal is then discussed and debated in both the Lok Sabha and Rajya Sabha before being passed as a finance bill.
As the Indian government prepares to present  the Union Budget 2023, the country's middle class is calling for tax relief and job creation measures to support their economic well-being.
The Centre on Thursday said for the first time in India, FSSAI (Food Safety and Standards Authority of India) notified comprehensive regulatory standards for Basmati Rice which will be enforced from 1st Aug 2023. 
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).

Union Budget basics: What you need to know

Thursday 12 January 2023 12:56 PM UTC+00
The Union Budget, also known as the Annual Financial Statement, is a crucial document that outlines the government's financial plans and policies for the upcoming fiscal year. Presented by the Finance Minister in the Parliament, the budget includes proposals for government spending and revenue collection, as well as changes to tax laws and policies.
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
In a big boost to Digital India initiative, the Centre has approved has approved an incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022. The decision to approve Rs 2,600 crore scheme was taken during a Cabinet meeting chaired by Prime Minister Narendra Modi. 

Budget 2023: 10 interesting facts about Indian Union Budget

Thursday 12 January 2023 06:46 AM UTC+00
Budget 2023 is an annual event where the  government presents its financial plans for the upcoming fiscal year. It is a highly anticipated event that is closely watched by economists, businesses, and the general public. The Union Budget not only lays out the government's financial plans but also gives insight into its economic and social priorities. 
The budget process for the fiscal year 2023 in India is an important event for individuals, businesses and the economy as a whole. The process begins with the Finance Minister presenting the budget proposal in the Lok Sabha, which includes estimates of government revenues and expenditures for the upcoming fiscal year. The proposal is then discussed and debated in both the Lok Sabha and Rajya Sabha before being passed as a finance bill.
As the Indian government prepares to present  the Union Budget 2023, the country's middle class is calling for tax relief and job creation measures to support their economic well-being.
The Centre on Thursday said for the first time in India, FSSAI (Food Safety and Standards Authority of India) notified comprehensive regulatory standards for Basmati Rice which will be enforced from 1st Aug 2023. 
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).

Union Budget basics: What you need to know

Thursday 12 January 2023 12:56 PM UTC+00
The Union Budget, also known as the Annual Financial Statement, is a crucial document that outlines the government's financial plans and policies for the upcoming fiscal year. Presented by the Finance Minister in the Parliament, the budget includes proposals for government spending and revenue collection, as well as changes to tax laws and policies.
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
As the Indian government prepares to present  the Union Budget 2023, the country's middle class is calling for tax relief and job creation measures to support their economic well-being.
The Centre on Thursday said for the first time in India, FSSAI (Food Safety and Standards Authority of India) notified comprehensive regulatory standards for Basmati Rice which will be enforced from 1st Aug 2023. 
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).

Union Budget basics: What you need to know

Thursday 12 January 2023 12:56 PM UTC+00
The Union Budget, also known as the Annual Financial Statement, is a crucial document that outlines the government's financial plans and policies for the upcoming fiscal year. Presented by the Finance Minister in the Parliament, the budget includes proposals for government spending and revenue collection, as well as changes to tax laws and policies.
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.

Union Budget 2023: Will the common man's expectations be met?

Friday 13 January 2023 06:41 AM UTC+00
Budget 2023: The common man is eagerly awaiting to see if their expectations will be met as the Indian government prepares to unveil the Union Budget 2023. The budget, which is the government's financial plan for the upcoming year, is closely watched for its impact on the lives of everyday citizens. The common man is hoping for measures that will address their financial concerns and improve their standard of living.
The Centre on Thursday said for the first time in India, FSSAI (Food Safety and Standards Authority of India) notified comprehensive regulatory standards for Basmati Rice which will be enforced from 1st Aug 2023. 
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.

Union Budget 2023: Will the common man's expectations be met?

Friday 13 January 2023 06:41 AM UTC+00
Budget 2023: The common man is eagerly awaiting to see if their expectations will be met as the Indian government prepares to unveil the Union Budget 2023. The budget, which is the government's financial plan for the upcoming year, is closely watched for its impact on the lives of everyday citizens. The common man is hoping for measures that will address their financial concerns and improve their standard of living.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
The Centre on Thursday said for the first time in India, FSSAI (Food Safety and Standards Authority of India) notified comprehensive regulatory standards for Basmati Rice which will be enforced from 1st Aug 2023. 
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report. 
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
India is gearing up for Amazon's Great Republic Day Sale, which is set to begin on January 20, 2023 and will run until January 24, 2023. The sale promises to offer customers unbeatable deals on a wide range of products, including smartphones, laptops, home appliances, fashion, beauty, and personal care products.
Retail inflation in December 2022: Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday (January 12).
Chinese conglomerate Alibaba sold a 3.1 per cent stake - nearly half of its direct shareholding - in digital financial services firm One97 Communications (Paytm) in an indication of exiting the Indian market, sources said on Wednesday.
India's G-20 leadership: The International Monetary Fund (IMF) said that the global community counts a lot on India's leadership of the G-20 at a time when the world is facing a persistent economic slowdown and social distress.
BCL Industries has approved the issuance of convertible bonds to raise funds. The agro-based edible oil company through an exchange filing said that its board has approved over 55 lakh fully convertible bonds to promoter, non-promoter and public categories on a preferential basis.

Amazon India begins layoffs, offers 5 months pay as severance

Friday 13 January 2023 06:12 AM UTC+00
Amazon India has announced that it will be laying off nearly 1,000 of its employees as part of its ongoing efforts to streamline operations and become more efficient. The company has said that the layoffs are not a reflection of the performance of the affected employees, but rather a business decision that has been made to help the company grow in the long-term.
ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe.
Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. 
Indian IT giant, Infosys, has reported its Q3 results, and the company has exceeded expectations, with a net profit rise of over 13%. The company's net profit for the quarter ending December 31st, 2022 stood at Rs 5,197 crore, up from Rs 4,609 crore in the same quarter the previous year.
BharatPe Co-Founder Ashneer Grover has announced the launch of his new company, Third Unicorn, and is already making waves in the industry with his unique approach to recruiting top talent.
India is gearing up for Amazon's Great Republic Day Sale, which is set to begin on January 20, 2023 and will run until January 24, 2023. The sale promises to offer customers unbeatable deals on a wide range of products, including smartphones, laptops, home appliances, fashion, beauty, and personal care products.
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