Business

The statement rebutting all allegations comes after nearly a fortnight of the Central Bureau of Investigation (CBI) raiding at least six AirAsia India offices in India, including its Bengaluru headquarters.

CAD, the difference between the inflow and outflow of foreign exchange, jumped to $48.7 billion, or 1.9 per cent of GDP, in 2017-18 fiscal. This was higher than $14.4 billion, or 0.6 per cent, CAD in 2016-17.

Piyush Goyal stressed that the public money with PSU banks is safe and the government is totally committed to supporting the banks.

"Investors are waking up to the idea that all the rhetoric on trade could be more than just a negotiating tactic," said Emily Roland, head of capital markets research at John Hancock Investments in Boston.

However, there is a condition that the overall cost of the dwelling unit in the metropolitan centre (with population of ten lakh and above) and at other centres should not exceed Rs 45 lakh and Rs 30 lakh, respectively, for being classified as priority sector.

The fee revision will be effective July 15 and comes at a time when the e-commerce company is facing intense competition from its rival Flipkart, which is in process of being acquired by US-based retail giant Walmart.

MK Sharma who came on board as ICICI chairman on July 1, 2015, has already indicated that he was not keen on another term as the chairman.

The market breadth, indicating its overall health, remained negative as a total of 420 scrips advanced and 1,381 declined, while 79 remained unchanged. As many as 194 securities hit their price bands.

Vanaja N Sarna said that her team did its best to manage the transition after the GST rollout.

Investor sentiment suffered a jolt following a sell-off in global markets after US President Donald Trump threatened to impose additional tariffs on Chinese goods, which Beijing vowed to retaliate.

In the latest salvo between the world's two biggest economies on Tuesday, China accused the United States of "extreme pressure and blackmailing" and vowed to retaliate after US President Donald Trump threatened to impose a 10 per cent tariff on $200 billion of Chinese goods.

In the previous interactions, the Prime Minister had heard beneficiaries of free cooking gas (LPG) scheme, financial inclusion initiative, start-up enterpreneurs, health scheme and Digitial India.

However, it comes with a condition that the overall cost of the dwelling unit in the metropolitan centre (with population of ten lakh and above) and at other centres should not exceed Rs 45 lakh and Rs 30 lakh, respectively, for being classified as priority sector.

Domestic forex market sentiment succumbed to bouts of pressure on revival of fresh global trade war fears and concerns about possibility that the adverse US trade policy will have a substantial impact on the Indian economy.

"Public money is extremely safe in PSU banks. Government stands behind them 100 per cent," Piyush Goyal said. He stated however that he was not "sure" as to how safe the public money is with private companies which have huge income tax dues.

India would shortly achieve the targeted 3 per cent fiscal deficit level and it will be more permanent and sustainable in nature, Economic Affairs Secretary Subhash Chandra Garg said.

Tightening regulations and trade tariffs globally will strain export-oriented sectors such as IT services and auto, but the weakening rupee will somewhat mute this impact, the report added.

The decision to put off the sale was reportedly taken at a high-level meeting convened by Union Minister Arun Jaitley on Monday.

After the call, Indigo officials immediately reported the matter to Bomb Threat Assessment Committee. The airlines will resume the operations once the authorities give the clearance.