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News Wrap March 15: Auto component PLI approved to 75 cos; Karnataka HC upholds hijab ban; COVID vaccination for 12-14 starts tomorrow

News Wrap March 15: Auto component PLI approved to 75 cos; Karnataka HC upholds hijab ban; COVID vaccination for 12-14 starts tomorrow

News Wrap March 15: Auto component PLI approved to 75 cos; Karnataka HC upholds hijab ban; COVID vaccination for 12-14 starts tomorrow
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By CNBCTV18.com Mar 15, 2022 8:16:12 PM IST (Updated)

Here are the top news from the world of business, economics, politics, and more, handcrafted for you by the CNBC-TV18.com team.

A total of 75 component makers have been approved by the government for incentives under the auto component Production Linked Incentives (PLI) scheme. Meanwhile, dismissing various petitions challenging a ban on hijab in education institutions, the Karnataka High Court said wearing hijab is not an essential religious practice in Islam. The COVID-19 vaccination for children aged 12-14 years will begin from Wednesday, Union Health Minister Mansukh Mandaviya said. The vaccine to be administered to the above age group would be Biological E's Corbevax.

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BUSINESS/ECONOMY
75 cos approved for auto component PLI scheme
A total of 75 component makers have been approved by the government for incentives under the auto component Production Linked Incentives (PLI) scheme. The auto PLI scheme has already attracted proposed investment of Rs 74,850 crore as against the target of Rs 42,500 crore for a period of five years. Read more
No proposal yet on revamping of capital gains tax: Govt sources
In a bid to soothe the nerves on a proposed massive rejig of capital gain tax structure, top government officials told CNBC-TV18 that there was no such proposal yet on the table and such reports were in the realm of speculation. Read more
EaseMyTrip sees 40%-50% jump in advance air ticket bookings across India for Holi weekend
EaseMyTrip has seen a 40-50 percent jump in advance air ticket bookings across India for the long weekend of Holi and bookings to and from states such as Goa, Jammu, and Kashmir, Himachal Pradesh have also risen by 40 percent. Read more
MARKET
Paytm shares slip below Rs 600 for first time
The Paytm stock slipped below the Rs 600 level for the first time since a weak listing in November 2021. Paytm shares dropped as much as 13.4 percent during the session to Rs 585 apiece on BSE, taking the discount to the issue price of Rs 2,150 to 72.8 percent. Check details
NSE to set up new exchange for spot gold: Report
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Indiabulls Housing shares rally 13% after promoter, founder Sameer Gehlaut resigns
Shares of Indiabulls Housing Finance were locked in their upper circuit of 10 percent at Rs 165.3 on BSE on Tuesday after the company said that its promoter and founder Sameer Gehlaut has resigned as non-executive director, effective March 14. Read more
INDIA
Wearing hijab not an essential religious practice in Islam, says Karnataka HC; upholds ban
The Karnataka High Court on Tuesday dismissed various petitions challenging a ban on hijab in education institutions. The High Court said wearing hijab is not an essential religious practice in Islam. Read more
42% Indians won’t be able to absorb another hike in fuel prices: Survey
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Bengaluru man who had sued restaurant for charging 40 paise extra now has to pay Rs 4000 fine
A Bengaluru man, who had sued a restaurant for charging 40 paisa extra on his food bill, has been directed by the court to pay Rs 4,000 to the restaurant as compensation. The court also rebuked the man for filing the case for publicity and wasting its valuable time. Read more
WORLD
Refugee count nears 3-million mark in Ukraine as war continues for third week
Nearly three weeks into the war, the number of Ukrainians fleeing abroad approached 3 million on Tuesday, the United Nations said, as people escaped fighting and Russian bombardment. Read more
Christian Eriksen in Denmark squad for first time since cardiac arrest at Euros
Denmark coach Kasper Hjulmand included midfielder Christian Eriksen in the 23-man squad that will play against the Netherlands and Serbia in friendly internationals at the end of this month. Read more
Chelsea will continue to fight hard for success says Tuchel
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YOU & I
COVID-19 vaccination for children aged 12-14 years to begin on March 16; here's how to register
Around 7.11 crore children will be vaccinated under the new age group. The vaccine to be administered to the children in 12-14 years age group will be Biological E's Corbevax, said Union Health Minister Mansukh Mandaviya. Check details
How to transfer EPF account online using UAN
In its efforts to simplify the functioning of Employees’ Provident Fund (EPF) accounts for both the employer and the employee, the Employees’ Provident Fund Organisation (EPFO) has made it possible to transfer the accounts online, it said in a tweet. EPF transfer is required when an employee switches jobs. Check details
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