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9 March 2022
The Secretary	The Secretary
Corporate Relationship Dept.	National Stock Exchange of India
The Bombay Stock Exchange	Limited
Rotunda Building	Exchange Plaza,
Phiroze Jeejeebhoy Towers	Bandra Kurla Complex
Dalal Street, Mumbai - 400 001	Mumbai - 400 051
Dear Sir,

Sub: Newspaper advertisement on Postal Ballot - Reg.

We herewith enclosed copies of newspaper advertisement published in Business line and Samyuktha Karnataka on 9 March 2022 on Postal Ballot and E-Voting Instructions.

Copies of the said advertisement is also available on the website of the Company.

Thanking you,

Yours truly,

For Page Industries Limited

MurugeshDigitally signed by Murugesh Date: 2022.03.09 12:36:15

+05'30'

Murugesh C

Company Secretary

US President Joe Biden

8 NEWS

BENGALURU

BusinessLine

WEDNESDAY • MARCH 9 • 2022

'Over 600 students moved out of Sumy'

RBI unveils UPI for feature phones, 24x7 helpline for digital payments

They are on the way to Poltava for evacuation: Ministry of External Affairs

XW

Once the students are safely out of war-torn Ukraine, the MEA's

'These features will further deepen the

financial transactions such as P2P payments, utility bill pay­

AMITI SEN

New Delhi, March 8

Prime Minister Narendra Modi had spoken to both

efforts to evacuate Indian nationals, most

digital ecosystem and financial inclusion'

ments, NETC FASTag recharge, mobile bills, DTH and mobile

More than 600 Indian stu­ dents stuck in Sumy, the Ukrainian city bordering Russia facing heavy fighting, have been moved out and are on their way to Poltava, from where they will travel by train to western Ukraine to exit the country, said the Ministry of External Affairs.

"Happy to inform that we have been able to move out all Indian students from Sumy. They are currently en route to Poltava, from where they will board trains to western Ukraine. Flights un­ der Operation Ganga are be­ ing prepared to bring them home," tweeted Arindam Bagchi, spokesperson, MEA, on Tuesday.

Final phase

Once the students are safely out of war­torn Ukraine, the MEA's efforts to evacuate In­ dian nationals, most of them students, would near completion. On Monday,

Russian President Vladimir Putin and Ukrainian Presid­ ent Volodymyr Zelenskyy, raising concerns on the safety of Indian students in Ukraine and seeking their evacuation.

Since Russia attacked Ukraine on February 24, thousands of Indian stu­ dents in cities such as Kharkiv and Sumy have been facing an ordeal, hid­ ing in bunkers and surviv­ ing on limited food and wa­ ter. One student in Kharkiv lost his life while waiting in a queue at a food shop when shelling took place near him.

The students in Sumy were not able to move out and make their way to the borders of the country from where the MEA has been ar­ ranging flights back to In­ dia, as there was constant shelling and firing going on in the city. Last Saturday, a number of students in Sumy

An elderly lady being being evacuated from Irpin on the outskirts of Kyiv on Tuesday. Requests to evacuate civilians have surged even as shelling by Russian forces intensifies AP

shared a video stating that	MEA put out its tweet on In­
they were scared to stay put	dian students leaving Sumy,
in the city as they were run­	Union Minister Hardeep
ning out of food and water	Puri reportedly told the me­
and they intended to walk	dia that all 694 Indian stu­
down to the Russian border.	dents, who were stranded in
The Indian government	Sumy, had left for Poltava by
asked them not to take the	buses.
risk, and since then the MEA	Earlier in the day, India's
has been in touch with both	Permanent Representative
Ukraine and Russia for a safe	to the UN, Ambassador TS
humanitarian corridor	to	Tirumurti, expressed India's
evacuate them. Before	the	concern over the students

of them students, would near completion

stuck in Sumy, in his speech at a meeting of the UN Secur­ ity Council.

'Deeply concerned'

"We are deeply concerned that despite our repeated ur­ gings to both sides, the safe corridor for our students stranded in Sumy did not materialise," said Tirumurti.

He also informed the UNSC that India had man­ aged to facilitate the safe re­ turn of over 20,000 Indians from Ukraine amid the on­ going war and more than 80 evacuation flights have been criss crossing the skies to bring them home.

Tirumurti also said that India had also helped na­ tionals from other countries who approached for assist­ ance and would continue to do so.

OUR BUREAU

Mumbai, March 8

In what is expected to give a fur­ ther boost to digital payments, the Reserve Bank of India, on Tuesday, launched UPI facility for feature phones and a 24x7 helpline for digital payments. The move will benefit about 400 million of the existing mobile users with feature phones.

RBI Governor Shaktikanta Das highlighted the importance of these initiatives in enhancing the diversity, utility and trans­ formational power of digital in­ novations, and said these initiat­ ives will further deepen the digital ecosystem and financial inclusion

"India's digital economy has flourished over the past few years. The UPI has played a major role in this process… I don't see a day when we are far away from reaching a transaction volume of 100 lakh crore on UPI. The two landmark initiatives being launched today represent two di­ verse and two significant dimen­

sions of our payments ecosys­ tem," said Das. "Considering that there are more than 40 crore fea­ ture phone mobile subscribers in the country, UPI123pay will ma­ terially improve the options for such users to access UPI," said the RBI in a statement.

As part of the initiative, mul­ tiple solutions on UPI for feature phone payments have been launched, including UPI pay­ ment through IVR Number, app functionality in feature phones, missed call­based approach and proximity sound­based pay­ ments.

With these facilities, feature phone users will be able to per­ form various financial and non­

phone top­up, along with linking a bank account, setting UPI PIN and account balance enquiry.

Voice assistance

They will also be able to link bank accounts, set or change UPI PIN and check account balance. At present, efficient access to UPI is available on smart phones. UPI can be accessed through NUUP (National Unified USSD Platform) using the short code of *99#, but the option is cumbersome and not popular.

"There has been a huge in­ crease in digital payments but a large part of this digitisation to people who hold a smart phone," said T Rabi Sankar, Deputy Gov­ ernor, RBI, adding that UPI trans­ actions are largely limited for the roughly 40 crore people with fea­ ture phones.

"If we have to go over to the next stage of development, we will have to think of ways of how UPI will be available on feature phones and offline means," he said.

'Domestic air passenger traffic saw 19-20% growth in Feb'

International flights to resume on March 27

OUR BUREAU

dia, thus, stands extended

23, 2020, in the wake of the

But rising ATF prices, Russia-Ukraine war continue to pose a serious threat: ICRA

ruary. However, adjusting for similar tenure of days, the num­ ber of departures stood almost flat compared to last month.

ATF prices, amid the Russia­ Ukraine conflict."

With effect from October 18, 2021, the Ministry of Civil Avi­

New Delhi, March 8

After a hiatus of nearly two years, India has decided to re­ sume scheduled interna­

only up to 2359 hrs IST on 26.03.2022 and air bubble ar­ rangements shall accordingly be extended to this extent

outbreak of the Covid­19 pan­ demic. Meanwhile, special flights have been operational between India and 37 coun­

OURBUREAU

Mumbai, March 8

Domestic air passenger traffic witnessed a 19­20 per cent se­ quential growth in February 2022 with the waning Omicron wave, according to ICRA. How­ ever, rising aviation turbine fuel (ATF) prices and Russia­Ukraine conflict continue to pose a seri­ ous threat to the aviation sector.

The average daily departures wereat2,023,notablylowercom­ pared to 2,297 in February 2021, and marginally lower compared to2,032inJanuary2022.Theaver­

age number of passengers per flight during February 2022 was higher at 135 vis­à­vis 102 in Janu­ ary 2022

Omicronimpact

The waning Omicron wave resul­ ted in a sequential growth in the domestic air passenger traffic by 19 per cent at 76 lakh in February 2022, compared to 64 lakh in January 2022. However, it re­ mained marginally lower by 2 per cent compared to 78 lakh in February 2021.

Airlines' capacity deployment

for February 2022 was around 12 per cent lower than February 2021(56,634departuresinFebru­ ary 2022 against 64,327 depar­ tures in February 2021).

On a sequential basis, the number of departures in Febru­ ary2022waslowerby10percent, given the overhang of the wan­ ing Omicron wave and the lower numberof operatingdaysinFeb­

According to a recent report published by ICRA on aviation, SuprioBanerjee,Vice­President& Sector Head, ICRA, said: "The se­ quential recovery improved in February 2022 with the waning Omicron wave and the resultant picking up of demand in passen­ ger travel.

However, due to the impact of multiple Covid waves in the cur­ rent fiscal, the passenger traffic for 11M FY22 remained 44 per cent lower than 11M FY20 (pre­ Covid level). The same is further threatened by the sharp rise in

ation (MoCA) allowed the restor­ ation of permitted capacity to 100 per cent for domestic opera­ tions.

The MoCA had reduced the permissible capacity deploy­ ment to 50 per cent of pre­Covid levels, with effect from June 1, 2021,duetotheresurgenceof the second wave of the pandemic. It had subsequently increased the permitted capacity to 72.5 per cent, with effect from August 12, 2021, increasing it further to 85 per cent, with effect from September 18, 2021.

tional flight services from March 27, in a move that will bring relief to passengers as well as the aviation and travel industry.

The Ministry of Civil Avi­ ation, on Tuesday, said it has been decided to "resume scheduled commercial inter­ national passenger services

to/from India from 27.03.2022, i.e the start of the Summer Schedule 2022. The suspension of scheduled commercial international passenger services to/from In­

only".

Civil Aviation Minister Jyotiraditya Scindia tweeted that the decision was taken after deliberations with stake­ holders and keeping in view the decline in the Covid­19 caseload. "I'm confident the sector will reach new heights," he added.

Special flights

The Directorate­General of Civil Aviation had suspended operations of scheduled in­ ternational flights on March

tries in accordance with the air­bubble arrangements.

The Centre was earlier plan­ ning to resume scheduled in­ ternational flights from December 15, but had to put off its plans due to the Omic­ ron­led third wave.

Stating that there has been increased vaccination cover­ age across the globe, the Civil Aviation Ministry said inter­ national operations will be done in strict adherence to guidelines of the Ministry of Health & Family Welfare.

Tollywood heaves a sigh of relief as AP raises ticket prices

Now, WHO says Covid booster doses are necessary

ASSOCIATED PRESS	and contributed to vaccine	said vaccination, including the
Geneva, March 8	inequity.	use of boosters, was especially im­

KV KURMANATH

Hyderabad, March 8

Tollywood has heaved a sigh of relief as the Andhra Pradesh government had put an end to months of uncertainty around ticket prices.

After locking horns with the film industry, which involved verbal duels, the State govern­ ment issued an order on Monday night to increase ticket prices.

It all began when the State government decided to drastic­ ally reduce ticket prices in April

Collections of Pawan Kalyan starrer Bheemla Nayak took a beating in Andhra Pradesh due to poor ticket pricing

egation said they got an assur­ ance from the CM and announced that a government order with revised ticket prices would be out soon.

Pawan Kalyan film makes loss

Incidentally, the government's order came about two weeks after the release of Pawan Kalyan's Bheemla Nayak (a re­ make of the Malayalam film Ayyappanum Koshiyum) suffered heavily in collections in Andhra Pradesh due to poor ticket pri­ cing. Responding to the revised

An expert group convened by the	WHO said its expert group con­	portant for people at risk of severe
World Health Organisation said	cluded that	immunisation with	disease.
on Tuesday it "strongly supports	authorised Covid vaccines provide	Numerous scientific studies
urgent and broad access" to	high levels of protection against	have proven that booster doses of
booster doses, in a reversal of the	severe disease and death amid the	authorised vaccines	help	restore
UN agency's previous insistence	global circulation of the hugely	waning immunity	and	protect
that boosters were not necessary	contagious	omicron variant. It	against serious Covid.

last year. The prices were cut to as low as ₹5, triggering a war of words between the government and film industry representat­ ives.

It also capped the number of shows to four and increase of prices in the first few days of the release.

Interestingly, the April order came a day before the release of Pawan Kalyan's filmVakeel Saab. A section of the film industry and fans of Pawan Kalyan have alleged that the government's previous order was solely aimed at targeting the actor.

While the government ar­

gued that the decision was taken to make it affordable for the common man, the film in­ dustry contended that low ticket prices were not viable as the cost of production had gone up significantly.

The film industry, which suffered heavily due to frequent disruptions of film shootings and closure of theatres in the last two years of pandemic, said that the government decision would prove to be a death knell and asked the government to revise the prices, factoring in the cost of production.

Actor­politician Pawan

Kalyan, who commands a huge fan following, openly criticised the government's decision and opposed any moves by the in­ dustry to beg for price increase. Interestingly, his elder brother and top actor, Chiranjeevi, had opened a channel for dialogue with the Andhra Pradesh gov­ ernment.

After a one­on­one meeting with Chief Minister YS Jagan Mohan Reddy, he led a delega­ tion comprising top­league act­ ors Prabhas, Mahesh Babu and film director Rajamouli last month to settle the issue. Emer­ ging out of the meeting, the del­

ticket prices, Chiranjeevi thanked the government for resolving the issue in favour of the film industry.

The revised order

The government has revised the minimum price to ₹20, ₹30 and ₹40 in villages and towns, mu­ nicipalities and corporations, respectively, while the max­ imum price are at ₹100, ₹125 and ₹150, respectively.

It, however, put a rider that the increased prices would ap­ ply to the films with at least 20 per cent of the shooting held in the State.

Biden to ban Russian oil imports

ASSOCIATED PRESS

Washington, March 8

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia's eco­

nomy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.

The move follows pleas by Ukrainian Pres­

ident Volodymyr Zelenskyy to US and Western officials to cut off the imports, which

had been a glaring omission in the massive sanctions put in place on Russia over the invasion.

Energy exports have kept a steady influx of cash flowing to Russia des­ pite otherwise severe restrictions on its financial sector.

Biden was set to announce the move as soon as Tuesday, the person said, speaking on condition of an­ onymity to discuss the matter before his remarks.

To consult European allies

The White House said Biden would

CM

YK

announce "actions to continue to hold Russia accountable for its un­ provoked and unjustified war on Ukraine". The US will be acting alone, but in close consulta­ tion with European al­ lies, who are more de­ pendent on Russian

energy supplies. European nations have said they plan to reduce their reliance on Russia for their en­ ergy needs, but filling the void without crip­ pling their economies

will likely take some time. Natural gas from Russia accounts for one­ third of Europe's consumption of the fossil fuel. The US does not import Russian natural gas.

Biden had explained his reluctance to impose energy sanctions at the outset of the conflict two weeks ago, saying that he was trying "to limit the pain the American people are feeling at the gas pump".

Gas prices have been rising for weeks due to the conflict and in anti­ cipation of potential sanctions on the Russian energy sector.

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