OPINION, P2 SPOTLIGHT LEISURE ACROSS THE AISLE , P CHIDAMBARAM The online gaming industry has opened new dimensions for consumers as well as companies. With entertainment options remaining few and far between, the space is also witnessing a secular growth Page 5 Lionsgate Play, the newest OTT platform in India, has seen a successful year in the country Page 7 Big,rich and unaccountable GAMES PEOPLE PLAY ‘Our content is edgy’ WORDS WORTH Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM VOL XII, NO.44 A NEW FACE OF GANDHI FINANCIAL EXPRESS ON SUNDAY BENGALURU SUNDAY, NOVEMBER 28, 2021, 12 Pages, `10 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , FARMERS' PROTEST C H A N D I G A R H , C H E N N A I , An interesting attempt to discover the economist in the Mahatma Page 4 READ TO LEAD H Y D E R A B A D , K O C H I , K O L K A T A , L U C K N O W , M U M B A I , N E W OMICRON Stubble burning: Demand to decriminalise accepted Review plans to ease travel: PM PRESS TRUST OF INDIA New Delhi, November 27 ● Tells officials to ‘More ease of doing biz soon’ THE GOVERNMENT IS mulling a proposal to trim the frequency of renewals and permits to be obtained by companies, commerce and industry minister Piyush Goyal said on Saturday, as he called for further reduction in India Inc’s compliance burden. PAGE 3 nation in the country, was briefed by top health officials about ‘Omicron’, described by WHO as a“variantof concern”. Continued on Page 11 Continued on Page 11 Continued on Page 11 FINANCIALTECHNOLOGYFIRM RISING FUEL PRICES Small is big: How the ‘Chhotu’ LPG cylinder became a bestseller ANUPAM CHATTERJEE New Delhi, November 27 WHEN POPULASR SHAMPOO brands started selling sachets, they managed to rope in a consumer with small pockets but big aspirations. Small soon becamebigintheFMCGindustry,witheverythingfromcoffee to chips and shampoo to cream beingsoldinsingle-usepacking costing not more than `5,thus reaching buyers who could neverafford the largerpacks. Withfuelcostsspiraling,the LPGcylinderhasalsotakenona ‘Chhotu’5-kgavatarthatisgetting popular. Even if the small cylinder costs a bit more, it makessenseformanywhocan’t shell out `900 in one go but would prefer to commit `500 forthe small one instead. The uptake of small cylinders would probably grow further if the government’s plan to supply these through the network of fair price shops across the country kicks off.And with no subsidy in sight for LPG, more consumers would be forced to opt for the smaller ones. Sale of 5 kg LPG cylinder units by IOCL FY21 71,23,587 QuickPicks AWORLD ON ALERT People being tested in Johannesburg on Saturday. With each passing hour, new curbs are being slapped on travel from countries in southern Africa as the world scurried to contain the new variant of coronavirus. PRESS TRUST OF INDIA New Delhi, November 27 Paytm’s parent One 97 CommunicationsonSaturdayreported widening of consolidated loss to about `473 crore in the second quarter ended September 2021,mainly on account of increaseinpaymentprocessing charges. It had posted a loss of `436.7 crore in the same quarter a year ago, according to an exchangefiling.Itsconsolidated total income increased by 49.6%to`1,086.4croreduringthe quarterfrom`663.9croreinthe correspondingperiod of FY’21. FY20 68,42,819 ROHNIT PHORE AMID MOUNTING GLOBAL con- THE WORLD TRADE Organization (WTO) has postponed its crucial meet of trade ministers from various countries, scheduled to start from November 30 in Geneva, for a second time, after an outbreakofanewstrain oftheCovid-19virusled several governments to impose travel curbs.It is the first major trade casualty of the newCovidvariant. No date has been set for reconvening the 12th ministerial conference, widely seen as a test of the WTO's relevance amid persistent FY19 43,37,108 Continued on Page 11 FE BUREAU Pune, November 27 cerns over the new coronavirus strain‘Omicron’,PrimeMinister Narendra Modi on Saturday stressedtheneedtobeproactive and directed officials to review plansforeasingofinternational travel restrictions in light of the “emergingnewevidence”.Modi, who chaired a comprehensive meeting to reviewthe situation related to Covid-19 and vacci- Q2 PERFORMANCE onslaught by key members on the multilateral trading system that it represents. The Geneva ministerial was to run until December 3 and host negotiations on a broad rangeofcriticalissues,including theWTO’sresponsetocontaining Covid-19 pandemic,curbs on fishery subsidies and a permanent solution to the public procurement programmes for food security. Although stark differences persistamongvariouscountrieson manyof the issues,face-to-face talks would have served to narrowthe differences. 23,82,806 ODD & EVEN farm laws against which farmers have been protesting,thegovernmentwill introduce in Lok Sabha a new bill on Monday, which states that though “only a small group of farmers are protesting” againsttheselegislations, the need of the hour is to take along everyone for inclusive growth. FE BUREAU New Delhi, November 27 FY18 Continued on Page 11 TO REPEAL THE three reassess decision to resume int’l flights from December 15 6,61,980 Union agriculture minister Narendra Singh Tomar on Saturday said the Centre has agreed to their demand of decriminalising stubble burning.Tomar, in an official statement,saidtheotherdemandof farmers was to have a discussion on the minimum support price (MSP) and crop diversification.Thisdemandwillalsobe fulfilledwiththesettingupofa panel as announced by Prime Minister Narendra Modi.“The farmers’ demand was to decriminalise stubble burning. P U N E Paytm loss widens to WTO defers ministers’ meet `473 crore FY17 APPEALING PROTESTING FARMERS toendtheiragitation, Bill to repeal laws in LS on Monday D E L H I , Continued on Page 11 '' don’t bother for scars any more. '' To get blemish free skin use NO SCARS. It helps to reduce and remove, scars and marks. RA ALOE VE Face h Was 100r% ue P rian a Veget ap So PREMIUM QUALITY SOAP Get dazzling Glamour with... Long Lasting Premium Quality Soap Nothing makes a woman more beautiful than the belief that she is beautiful. This belief paves the way to real beauty inside which reflects outside. NO SCARS BEAUTY SOAP helps making your skin look soft and radiant. The components of NO SCARS make it a wonderful moisturizer & provides nourishment to all the skin types. For more information, please contact : +91 97792 14455, +91 73199 35154 (Whatsapp) / email@example.com BENGALURU
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.