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India

IndiGo cancels 42 flights for today

Domestic carrier IndiGo continued to operate with a curtailed schedule for the third day today with the airline cancelling 42 flights following the grounding of eight of its A320neo planes along with three of GoAir due to Pratt &…

SELL, SELL, SELL!

Two numbers speak eloquently about our schizophrenia over privatisation: the Rs 2.11 trillion ($32.5 billion) package announced on October 24 to recapitalise public-sector banks (PSBs); and Rs 2.67 trillion ($41 billion), the total earned…

The reality of doing business in India

The World Bank’s Doing Business (DB) rankings for 2018 have just come out and India has made a very significant jump, improving its rank from 130th in 2017 to 100th. These rankings are based on the country’s performance in several areas,…

Better and simpler GST

Responding to the growing discontent among small businesses and exporters about the goods and services tax (GST), the GST Council came up with wide-ranging changes on Friday. The guiding principle of the decisions was to improve the…

Happy Trails

New Delhi can now follow the money. Nine months after Prime Minister Narendra Modi abruptly scrapped high-value currency notes, India’s central bank revealed in its annual report on Wednesday that 99 percent of the $240 billion in…

RBI cuts repo rate by 0.25%

Mumbai The Reserve Bank today slashed benchmark short term lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first rate cut…

2000 note on the way out?

According to a report on The Hindustan Times website, the Reserve Bank of India (RBI) has stopped printing 2,000-rupee notes about five months ago, stepping up instead the production of smaller bills, including a new Rs 200 note The central…

Ram Nath Kovind elected President

BJP-led NDA nominee, the former Governor of Bihar, Ram Nath Kovind today won the election to the office of the President of India, defeating the opposition candidate and former Speaker of the Lok Sabha Meira Kumar by a huge margin of 3.34…

UP subsidy to two NOIDA mega industrial units

Lucknow With an aim to invite investments in Uttar Pradesh, Yogi Adityanath Government today extended subsidy to two mega projects in Greater Noida saying the investments in Uttar Pradesh will get a favourable response in the state.…