About 1.3 gigawatts of solar energy or 270 megawatts of wind power could be generated at Oakajee through a renewable hydrogen development, the government hopes.…
The Telecom Regulatory Authority of India (Trai) on Friday issued fresh norms for advertisement of tariff plans by mobile operators in order to bring in more transparency for users.
“It has been observed that measures adopted by telecom service providers are not transparent as they should be and some providers are not prominently highlighting additional terms and conditions. They are also collating the terms and conditions applicable to various tariffs on a single webpage and the relevant information either gets lost in the maze of detail or becomes ambiguous and incomprehensible to consumers,” the Trai directive said.
Trai has now directed telcos to publish, within 15 days, each tariff plan for postpaid and prepaid subscribers, service area wise. They must offer full information to subscribers at customer care centres, points of sales, retail outlets, websites, and apps with requisite disclosures. The operators have been asked to submit to Trai a compliance report within 15 days. They will also have to ensure continued compliance by way of self-certificate by the seventh of the month after each quarter ends.
On tariff advertisements, Trai has directed firms to prominently highlight additional terms and conditions.
Mangalore Refinery and Petrochemicals Limited (MRPL) on Friday said it has received shareholders’ nod to raise up to Rs 5,000 crore through debentures.
“…we inform that the shareholders in the 324 Annual General Meeting held on September 18, 2020 approved to raise funds upto Rs 5,000 crore through issue of unsecured non-convertible debentures (NCDs)/ Bonds, through a special resolution,” MRPL said in a regulatory filing.
Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The Federal Reserve has been too cautious in its recent policy shift allowing higher prices to boost employment, one US central banker said Friday, warning against heeding “ghost stories” about inflation.
As the United States faces the world’s worst Covid-19 outbreak and is approaching 200,000 deaths, tens of millions of workers still have not returned to their jobs and the unemployment rate, though down from its peak, is at 8.4 percent, more than double the pre-pandemic level.
The Fed on Friday released a survey showing only 30 percent of workers who were laid off early in the crisis have returned to work, while 22 percent do not expect to return to their jobs.
Neel Kashkari, president of the Fed’s Minneapolis branch, dissented from the Fed’s decision Wednesday, which pledged to allow inflation to rise above 2 percent “for some time” to achieve the central bank’s goal of maximum employment.
The statement reflects the policy shift first announced by Fed Chair Jerome Powell in August, but Kashkari said the Fed should have made a “stronger commitment to not raising rates until we were certain to have achieved” the full employment objective.
He stressed that economists and central bankers have long been