New company to provide passport, visa services: Indian Mission in USA

The Indian Embassy in the US has announced that it will outsource its passport and visa related services to a new company for all its diplomatic missions in America following complaints against the current service provider. Cox & King Global Services Ltd will replace the existing BLS Interna...

AirAsia set to take off; DGCA permits India ops

The Directorate General of Civil Aviation, DGCA has granted license to AirAsia India to start its operations in India. The DGCA yesterday issued air operator permit to the airline, which is a joint venture between AirAsia and Tata Group. AirAsia plans to operate a fleet of Airbus A320-200 aircraft, ...

New airline AirAsia India gets licence to fly

AirAsia India, the joint venture between AirAsia and Tata Group, has got license to start their operations in India. The DGCA today issued air operator permit to the airline. However, it could be sometime before the airline actually takes off. A public interest litigation is pending before the Delhi...

RBI directs banks not to levy penalty on individual borrowers for pre-paying floating loans

The Reserve Bank today directed banks not to levy any penalty on individual borrowers for pre-paying floating loans. The apex bank has advised that banks will not be permitted to charge foreclosure charges or pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, w...

Shariah-compliant banking system in Afghanistan soon

Afghanistan's Central Bank, Da Afghanistan Bank (DAB) has signed an agreement with a non-profit independent organization 'Harkat' for implementing the Shariah compliant banking system in the country. Under the agreement, the Harkat will provide 1.17 million dollar grant to...

Kuwait renews crude supply contracts with BPCL

Outgoing US envoy lauds Maha industry devpt initiatives

US Ambassador to India Nancy Powell has lauded Maharashtra for its industrial development initiatives, especially the Delhi-Mumbai industrial corridor. During a meeting with Maharashtra ChiefMinister Prithviraj Chavan in Mumbai on Tuesday, the outgoing US envoy appreciated the cooperation extended b...

Outgoing US envoy lauds Maharashtra for industrial devpt initiatives

US Ambassador to India Nancy Powell has lauded Maharashtra for its industrial development initiatives, especially the Delhi-Mumbai industrial corridor. During a meeting with Maharashtra ChiefMinister Prithviraj Chavan in Mumbai on Tuesday, the outgoing US envoy appreciated the cooperation extended b...

Don't fine less than minimum inoperative A/c: RBI to banks

Guj model of land acquisition best: Ministry-sponsored study

A Commerce and Industry Ministry-sponsored report has described the Gujarat model of land Acquisition as the best in the country. The report said this model can be emulated by other states with some modifications to improve the business environment. The report on Best Practices to Improve Business E...