The draft guidelines, published last week by the Goa government, lay out a formal regulatory framework for app-based taxi and bike taxi operators. It includes licensing conditions, fare regulations, timelines for driver payments, and crucially, mandates that the entire fare be paid directly to drivers, effectively banning platform commissions. The move marks a decisive shift…
The Directorate General of Foreign Trade (DGFT) has removed key restrictions on leather exports to make the process easier and faster. Finished leather, wet blue leather, and El tanned leather can be exported from any port or Inland Container Depot (ICD), as per a government notification. Also, the Central Leather Research Institute (CLRI) has eliminated…
Bank holiday today: On Monday, May 26, 2025, banks will be closed in Agartala to commemorate the birth anniversary of Kazi Nazrul Islam, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). The banks in the rest of the country will remain open on Monday, May 26, 2025. Why are banks…
India’s over four million influencers lost about ₹350 crore worth of brand deals in 2024 because unauthorised managers tried negotiating deals for them but failed, according to a report by Hashfame, a networking platform for creators and marketers, exclusively shared with Mint. “More than 55% of Indian content creators are losing brand deals not because…
Bank holidays next week, May 26-June 1: Banks will be closed for two days this week in some parts of India, due to the birth anniversary of Kazi Nazrul Islam and Maharana Pratap Jayanti, according to the bank holiday calendar by the Reserve Bank of India (RBI). Banks will also be closed on Sunday, June…
SpiceJet marks its 20th anniversary on May 24, 2025. From its modest beginnings in 2005 to becoming a household name in Indian aviation, the airline’s journey has been nothing short of turbulent — filled with rapid growth, intense competition, financial turbulence, and resilience. However, the fact that SpiceJet started earlier than IndiGo, and IndiGo is…
New Delhi: The Centre is looking at partnering with private companies to hunt for coal deposits as it sets out to tap its vast reserves of the fossil fuel amid growing power demand. Currently exploration in carried out exclusively by government entities like the Central Mine Planning & Design Institute (CMPDI), Geological Survey of India,…
Thailand aims to clamp down on easy access to cannabis by mandating medical prescriptions amid rising instances of tourists attempting to smuggle out large quantities of weed. Dispensaries will be allowed to sell cannabis only to those with licenses or with prescriptions from medical professionals, including traditional medicine practitioners, when proposed changes to existing rules…
The Mumbai Metropolitan Region (MMR) has emerged as the most expensive commercial real estate market across India. The average rental in the region rose nearly 28 per cent from ₹131 per sq ft in 2022 to ₹168 per sq ft in 2025, according to data analysed by property consulting firm Anarock. The primary market in…
Bank holiday today: According to the Reserve Bank of India (RBI) calendar, banks will be closed on May 24, 2025, the fourth Saturday of the month. Why are banks closed on Saturday, May 24? Banks are generally closed on the second and fourth Saturdays of every month, while they are open on the first and…