Ecom Express reinforces commitment to sustainability
Centre gives finishing touches to key rail line projects linked
The Centre's Network Planning Group (NPG) which met evaluated major railway infrastructure projects including the 185 km Ballari - Chikjajur Doubling project which aims to connect Ballari, Chitradurga, and Anantapur districts, facilitating the movement of iron ore, coal, cement, and food grains. An official statement said that the 4th line is expected to support industrial hubs like Jindal Steel, which is planning to expand production to 24 MTPA while addressing freight demands linked to southern ports. The project is anticipated to alleviate line saturation, improve efficiency in freight move..
Spirit Airlines Files for Bankruptcy
Spirit Airlines, whose approach to selling cheap tickets without amenities earned it fans and detractors, filed for bankruptcy protection Monday after a string of setbacks, most recently a failure to renegotiate its looming debt. The airline, whose last annual profit was in 2019, has had trouble finding its footing after a federal judge blocked a planned merger with JetBlue Airways in January. Spirit has also struggled to capitalize on the recovery from the pandemic because of intense competition, engine problems and other factors. The company filed for Chapter 11 bankruptcy protection in New ..
Municipal corporations need to impose adequate user charges
Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The 'Report on Municipal Finances' delves into the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 (Budget Estimates), with a focus on the theme 'Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges'. "MCs can significantly enhance them (non-tax revenues) by applying appropriate and adequate fees and us..