Gold
MSCI skips Adani Energy's inclusion in Nov rebalancing
Indian Railways Installs 19,742 Fog Pass Devices for Safer Operations
Indian Railways has deployed 19,742 fog pass devices to enhance train operations during foggy conditions, aiming to improve passenger safety, reduce delays, and increase the reliability of rail services. The Ministry of Railways highlighted this initiative on social media platform X, stating, "Indian Railways guarantees persistent safety measures through a manifold increase in the implementation of fog safety devices across the nation." A Fog Pass Device is a GPS-based navigation system designed to assist train drivers in navigating through dense fog. It provides real-time information such as ..
Air India Revamps International Network with Enhanced Aircraft
Air India is set to overhaul its international operations, introducing retrofitted A320 neo aircraft, Vistara's former A321 neo planes, and B787-9 aircraft on specific routes. As part of its five-year transformation plan under the Tata Group, the airline will deploy A320 neos with fully refreshed interiors across economy, premium economy, and business classes for all flights between Delhi and Bangkok starting January 16, 2025. Additionally, Air India will launch a fourth daily flight on the Delhi-Bangkok route from January 1, 2025, complementing its existing three daily services. The airline ..
Ministry Faces Backlash Over Push to Scrap 5% IGST on Ship Imports
The Ministry of Ports, Shipping and Waterways has sought the Finance Ministry's support to eliminate the 5% Integrated Goods and Services Tax (IGST) on ships imported and registered under the Indian flag. The move aims to boost local tonnage but has sparked resistance from the domestic shipbuilding industry, which views the levy as crucial for its protection. Domestic shipbuilders argue that the IGST discourages the import of foreign-built ships by making them slightly more expensive, thus incentivising the use of locally manufactured vessels. A shipyard executive emphasised that the tax supp..
