The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
Tax authorities want to reduce harassment of tax payers by eliminating interface between assessees and taxmen
As per commerce and industry ministry data, food inflation fell to 4.91 per cent in March from 7.79 per cent in the previous month.
Current Account Deficit is projected at 1.2 per cent and 1 per cent of GDP in 2014-15 and 2015-16.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
With this batch, the department has now issued letters in 210,000 high priority cases.
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
Govt has drawn list of PSUs for strategic sale: Jaitley
The problem can be met, according to Shubhashis Gangopadhyay, research director of India Development Foundation, by the government tapping into its own land holdings.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Honda aims to sell 3 lakh units by 2017 from 1.34 lakh units achieved in 2013-14.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
He said the migrants and poor people had great expectations after the prime minister's address to the nation, but sadly...
There's lot more to be done for the masses, says Modi.
Summary of sports events and persons who made news on Friday
Eye business expansion, fulfil working capital requirements and making loan repayments
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
Poor predictability, credibility and effectiveness of fiscal performance have been key reasons for successive governments failing to deliver on their promises.
Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday.
The sovereign ratings outlook for India may turn negative, from stable currently, if the country's fiscal policy fails to check external shocks like crude prices or aggravates the inflation concerns, global rating agency Moody's warned on Monday.
Government gets Rs 17.1 lakh crore in its kitty
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
Reddy has worked to reform the economy.
The WPI has been in the negative zone since November.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
The government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
On reforms in pipeline, she said the government is for universal right to minimum wages and wants to remove regional disparity through a national floor wage.
By the looks of it, the Congress cannot hope to return to power even in election 2024. What it can do is to start from the bottom, hold organisational elections, which are honest, and co-opt those elected to form teams of office-bearers at all levels, right up to the working committee. By the very nature of the elections that they are going to lose, the party should use the interim to shore up youth power, or whatever remains, says N Sathiya Moorthy.
The budget has strong growth impulses and response of the economy is positive.
Haley's endorsement is seen as a big boost for Rubio, but this does not guarantee him a win in South Carolina, despite the fact that the Indian-American is one of the most popular governor's in the state's history.
On the price front, Indian manufacturing companies continued to face higher input costs during August.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
