The airline is sitting on a debt pile of over Rs 8,200 crore and has defaulted thrice since January, including on some forex debt.
'Piyush Goyal is the chief and it is always the chief who is considered to be responsible.'
The doctors asserts that they will take a final call on withdrawing their agitation only after the state government implements its announcements made on the previous night "in true spirit".
Goyal was to visit Beijing from August 2 to 3 to take part in the RCEP Intersessional Ministerial meet.
The police were waiting for the final post-mortem examination report to come to a conclusion regarding the murder of a woman doctor, whose body was found in state-run RG Kar Medical College and Hospital in Kolkata, an officer said.
'When we get justice we will stop the protest.'
Telugu Desam Party leader Ram Mohan Naidu will be sworn in as a cabinet minister and another party MP, Chandra Sekhar Pemmasani, as a minister of state in the new Modi government, a party leader has confirmed.
The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers. The government had previously fixed a $550 per tonne as the minimum export price (MEP), which essentially meant farmers could not sell their produce overseas at lower than this rate.
The e-mail, detailing the points which were discussed and agreed upon between the two sides and also those which weren't, was sent as per the state's requirement based on which the government is expected to issue directives, the doctors said.
The second round of talks between junior doctors and officials of the West Bengal government failed to break the medics' strike over the RG Kar issue, following the state's refusal to give written minutes of the meeting, the doctors alleged.
He urged employees to bear with him in this difficult situation a little longer, till the airline emerges out of turbulence and fiscal challenges.
The government on Tuesday announced setting up of hubs to promote exports through e-commerce medium in public-private-partnership (PPP) mode and initially 10-15 hubs will be established. Finance Minister Nirmala Sitharaman said that these hubs, under a seamless regulatory and logistic framework, will facilitate trade and export-related services under one roof. "To enable MSMEs (micro, small and medium enterprises) and traditional artisans to sell their products in international markets, e-commerce export hubs will be set up in PPP mode," she said.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
Modi, who met the ministers-designate, said people have huge expectations and everyone will have to deliver, sources said.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
Defence Minister Rajnath Singh, Maharashtra Chief Minister Eknath Shinde, Bahujan Samaj Party supremo Mayawati, and Shiv Sena-Uddhav Balasaheb Thackeray were among the famous faces who queued up at the polling booths on Monday to caste their votes in the fifth phase of the Lok Sabha elections.
The Delhi Police on Tuesday filed its 500-odd page charge sheet against Chief Minister Arvind Kejriwal's aide Bibhav Kumar in a case of alleged assault against Aam Aadmi Party MP Swati Maliwal.
As many as six who hold law degrees include cabinet ministers Nitin Gadkari, J P Nadda, Piyush Goyal, Sarbananda Sonowal, Bhupender Yadav and Kiren Rijiju.
Bhandari, a three-term Congress legislator who was also a minister in the state in the past, joined the BJP in the presence of its senior leaders, including Union Minister Piyush Goyal and the party's national general secretary Dushyant Kumar Gautam.
BJP leaders Manohar Lal Khattar, Shivraj Singh Chouhan, Bandi Sanjay Kumar and Ravneet Singh Bittu may be among the new faces in the Union council of ministers which will be sworn on Sunday evening along with Prime Minister-designate Narendra Modi.
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
Congress leader K C Venugopal and Dravida Munnetra Kazhagam's T R Baalu walked out of Defence Minister Rajnath Singh's office, refusing to endorse NDA candidate Birla without being offered the Deputy Speaker's position.
Following a meeting with the medics, she claimed that talks were "fruitful" and nearly "99 percent of their demands have been accepted", Banerjee said.
Earlier, the Railways had issued statements saying that it planned 125 trains for evacuating migrants from Maharashtra on May 25 but the state government was only able to give information for 41 trains till 2 am.
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
'Although there is a visible dent in TMC's urban votes, especially among women, the CPI-M and the BJP are unlikely to benefit from this'
The only occasion when the BJP had 100 seats in the Upper House was in 2022.
Union Minister Piyush Goyal on Friday sought an apology from the Congress for the controversial statement by party MP that suggested a call for a separate south nation over fiscal injustice, but the opposition party's president said it stands for a united nation and will not tolerate any such call.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
Sekhar Roy was summoned by the police in connection with a social media post he made over the alleged rape and murder of a doctor at RG Kar Medical College and Hospital.
In an emotionally-charged letter to the 22,000-strong employees, Goyal said the approval of the debt-recast plan will put the carrier on a "sounder and sustainable" financial footing.
Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.
Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India. Let the eager souls catch a glimpse of facts. In the past 10 years, non-food inflation came down below 4 per cent on two occasions - pre-Covid period of 2019-20 and now in the first four months of the current financial year (FY25).
The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.
The Railway Board has decided to wind up the ambitious Rs 5,000-crore One ICT plan and the transformation cell
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
Speaking at a joint rally of Mahayuti partners in Mumbai, Bharatiya Janata Party leader and deputy Chief Minister Devendra Fadnavis supported Shinde's claims, stating that the NDA leaders did not pay enough attention to the lies spread by the Opposition during the campaign.
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