Every 1 in 4 Indians worried about layoffs

Mumbai: Mumbai Airport has said it is looking to deploy more than 100 electric vehicles at the facility by FY24 to reduce its carbon footprint and promote sustainable transportation. As part of the plan, the airport operator on Wednesday rolled out 45 EVs at the facility, MIAL said. The private airport operator also said it intends to replace all its ICE-powered vehicles with EVs as part of its Operational Net Zero mission by 2029. —PTI

New Delhi (FIB): Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country’s economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar.

In its second edition of India Union Budget survey, Kantar found that consumers expect an announcement in policy changes with respect to income tax, with increasing basic income tax exemption limit from current Rs 2.5 lakh being the most common expectation.

“At a macroeconomic level, most have a positive

Major Findings

z Every one in four Indians is also concerned about the threat of job layoff. This is relatively higher in the affluent (32% ), older 36–55 year-olds (30%) and salaried classes (30%).

z Three out of four people are worried about the rising inflation

AIR PASSENGERS TO GET REIMBURSEMENT FOR TICKET DOWNGRADES, NEW NORMS FROM FEB 15

New Delhi: Airlines will reimburse 75% of the ticket costs to passengers whose domestic flight tickets have been downgraded, with aviation regulator DGCA putting in place new norms. For downgrade of international tickets, the reimbursement amount will vary from 30% to 75% of the ticket costs, including taxes, depending on the distance covered by the particular flight. The new norms will be effective from February 15, a senior official at the Directorate General of Civil Aviation (DGCA) said on Wednesday.

SL THANKS INDIA FOR BACKING ITS $2.9 BN BAILOUT PACKAGE

Colombo: Debt-ridden Sri Lanka on Wednesday thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the $2.9 billion bailout package.

India’s ministry of finance recently issued a letter to the IMF to confirm its support to Sri Lanka on the issue of debt restructuring. The Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India.

outlook – 50% believe that the Indian economy will grow in 2023 as against 31%, who feel there will be a slowdown. Non-metros at 54% are more optimistic as compared to metros,” Kantar said.

Govt To Sell 30 Lakh Tonnes Of Wheat From Buffer Stock

New Delhi: The government will sell 30 lakh tonnes of wheat in the open market from its buffer stock to control rise in prices of wheat and wheat flour (atta), sources said. The average prices of atta have risen to around `38 per kg. The food ministry will offload 30 lakh tonnes of wheat under the Open Market Sale Scheme, they said. Wheat stocks will be sold to flour millers and traders among others.

INDIA SHOULD CONSIDER REDUCING TDS RATE ON CRYPTOCURRENCY TRADE: REPORT

New Delhi: India should consider lowering the 1% TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday. “The existing 1% TDS on crypto trade, combined with the absence of comprehensive regulations, is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market,” it said. The govt, from April 1 last year, has brought in a 30% I-T plus surcharge.