Business News

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AviationMin likely to ease regional to national conversion guidelines

The norms would enable regional airlines to fly on more than one trunk route.

Need states’ views on bank guarantee: IMG

Panel seeks comments on deduction of BGs from allocattees today.

Banks may soon assess you on your phone, power bill records

The move would be a major boost to credit eligibility of low-ticket borrowers.

IMF to send a team this week to solve India’s GDP growth puzzle

In the new GDP calculation method, the CSO shifted the base year from 2004-05 to 2011-12.


FinMin calls meeting on April 28 to discuss stalled infra projects

299 mega projects involving an outlay of R18.13 lakh crore stuck.


Govt arms owe Rs 600 crore to Air India for VVIP travel

Ministries of home affairs, external affairs and defence accrued dues.

RBI allows different rates for term deposits

For all term deposits above Rs 15 lakh, banks can offer deposits without the option of premature withdrawal as well.

Crop loss: FinMin to revamp subvention scheme for FY16

The new scheme, which is likely to target small farmers by tapping into the direct benefit transfer system, is likely to be launched by July.

Financial, commodity shock may unwind fiscal gains: S&P

Ggovernment budget deficit in India has fallen in recent years, relative to GDP.

Easing food prices brings retail inflation to 3-month low

Core inflation stayed at 4.14 per cent, almost at the February level of 4.15 per cent, with some analysts forecasting it may have bottomed out.

FM Arun Jaitley advises states to study GIFT model

Jaitley pointed out that land has been leased to each financial institution and other developers for just a token amount and there will be no cost to the exchequer in developing the city.

To boost investment in MSMEs, Centre dereserves 20 items

The move, the ministry said, will help the MSME sector to attract greater investment, and incorporate better technologies while enhancing competition.

Road projects to get ‘hybrid annuity model’ boost

The hybrid annuity model was conceived in the last financial year to bring back private participation in highway projects, which has dried up in the last few years.

New aviation policy to be in place by May 15: MoS

Civil aviation ministry has already circulated the proposed norms for permitting Indian airlines to start international operations for inter-ministerial consultations.

Good News: Trai cuts roaming call charges by up to 23%, SMSes by 75%

The move while being good for consumers reduces the elbow room available before the industry to raise tariffs to recoup its high bidding amount.