With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances.
Amid an outcry over record high petrol and diesel prices, Union Finance Minister Nirmala Sitharaman on Saturday said the Centre and state governments will have to together work out a mechanism to bring retail rates to reasonable levels.
Instead, 2019-20 could be the base from which the Budget estimates for next year are calculated.
India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.
While the tax-to-GDP ratio of 9.88 per cent has been assumed for FY21, the same as last year, when it touched a decadal low, for FY22 a ratio of 10.7 per cent has been assumed, an average of the last five years.
Eye business expansion, fulfil working capital requirements and making loan repayments
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
Staggered pull-out will help investors if the market continues to rise.
Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.
The government has acceded to some demands of the collegium including removing the cap on the number of jurists and lawyers who can be appointed to the Supreme Court as judges.
We're celebrating Father's Day, and Namrata Thakker decided to take some helpful tips from our very own filmi daddies.
With over Rs 55,000 crore debt, Air India management has been trying to pare burden by monetising non-core real estate properties.
Bushfires are an annual problem for Australia, but this season has been unprecedented. As of January 2, about 5.9 million hectares (13.5 million acres) of land has been burnt; that's larger than Denmark and The Netherlands. The Australian state of New South Wales also declared its third emergency in as many months -- the last two times, in November and December. Furthermore, 18 people have died, eight on New Year's Eve, making it one of Australia's most deadly bushfire seasons.
This is the second hike in excise duty in less than two weeks as the government looks to make use of the slump in oil prices to shore up resources.
.jpg)
India has in recent months stepped up enforcement of tax collections as it looks to raise revenue to help plug its widening fiscal deficit.
Gone With The Wind approaches a landmark birthday. Take this quiz and celebrate the movie classic.
Direct tax collections totalled Rs 4.29 lakh crore (Rs 4.29 trillion) during the April-December period in 2012-13.
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
The government has budgeted to cut the fiscal deficit to 3.3 per cent of GDP or Rs 6.24 lakh crore in 2018-19, from 3.53 per cent in the previous financial year.
Cinemas, stadiums, town squares and other public gathering places are devoid of people as the coronavirus spreads to at least 118 countries around the world. As of Thursday, the Johns Hopkins University tracker says 1,26,258 people have contracted the disease and 4,638 have died across the globe. The vast majority of the victims have been in China but the country said on Thursday that it had only 15 new cases. The outbreak also claimed its most high-profile victim so far when Hollywood star Tom Hanks announced he and his wife, Rita Wilson, had tested positive. The couple, who are in Australia where Hanks is making a film about Elvis, said they had felt "a bit tired, like we had colds" before being "found to be positive" Take a look.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
Actor and Big Boss 7 contestant Armaan Kohli was arrested by the Lonavala Police on Monday evening from the Bigg Boss 7 house based on a complaint by another evicted housemate Sofia Hayat.
The government had set a budgetary target of over Rs 1.87 lakh crore for collection from customs duty in current fiscal
'My five-year-old grandson Arjun enthusiastically helps in jhadoo pocha, putting clothes in the washing machine, drying and then folding them up,' says Dr Veena Adige.
An official said the government is preparing the financial statements and getting the data room ready for the sales, suggesting that such aspects take time.
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
B D Pande was Punjab's governor during Operation Bluestar. In this excerpt from his memoir, In the Service of Free India: Memoir of a Civil Servant, Pande reveals what really went on behind the scenes during those dark days in India's history.
Relationship problems? Let Love Guru help.
Will stop work on February 20.
As remarkable as DRDO's contribution in containing and treating COVID-19 has been, its success over the last 15 months has been in its primary role of developing conventional defence equipment and technologies.
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
Enthused by higher mop up from the sale of PSU shares and buoyant direct tax collection, the government on Thursday indicated that fiscal deficit will be less than 4.8 per cent of GDP during 2003-04.
Bollywood is doing all sorts of things to keep busy during the lockdown.
The direct tax collections rose by about 23 per cent to Rs 64,230 crore (Rs 642.30 billion) in April-December 2003 mainly due to an impressive mop up from the corporate sector.
NTPC has announced a price band of Rs 52 to Rs 62 per share for sale of 86.5 crore shares through a combined offer of 86.5 crore shares for sale of government equity and public offer, likely to begin from October 7.
IMAGES from Day 2 of the Boxing Day Test played between Australia and New Zealand at the MCG on Friday.
Says fiscal trajectory has changed for the better over the past months.
ICICI Lombard outsmarted other private general insurers in the first two months of this fiscal by mopping up Rs 10,137 crore (Rs 101.37 billion) in premium income and cornering 3.27 per cent of the market share in April-May, 2003.
