Govt declines bailout pvt airlines

Government has again declined to bail out private airlines facing cash crunch. Reiterating its stand, Civil Aviation Minister Ajit Singh said in New Delhi that the centre will not pursuade banks to lend money to cash-strapped Kingfisher Airlines. He said the airline must stick to its schedule .

DMRC kicks off process to buy 500 coaches

The Delhi Metro Rail Corporation (DMRC) has begun process to buy nearly 500 train coaches for the phase-III. It has floated global tenders to buy trains that would have several new features and will be more faster and less noisier than the existing ones.A total of 81 six-coach trains will be assembl...

Won't bailout pvt airlines, says Ajit

The Government today reiterated its stand that it will not bailout any private airlines.Talking to reporters in New Delhi, Civil Aviation Minister Ajit Singh said the Centre would not persuade banks to lend money to the cash-strapped Kingfisher Airlines.He said the airline must stick to its schedule...

The international rating agency Moody's has cut Greece's credit rating again. The agency cited a risk of default despite a recent debt write-off deal. The firm said that the rating decision was prompted by the recently announced debt exchange proposals for Greece which imply expect...

DMRC kicks off process to buy 500 coaches

The Delhi Metro Rail Corporation (DMRC) has begun process to buy nearly 500 train coaches for the phase-III. It has floated global tenders to buy trains that would have several new features and will be more faster and less noisier than the existing ones.A total of 81 six-coach trains will be assembl...

The auction of 5 percent of Government's ONGC share have fetched an average price of 303.67 rupees for a share. The Finance Ministry said this is 4.71 per cent higher than the reserve price in the auction, which garnered over 12,766 crore rupees. Finance Minister Pranab Mukherjee had earlie...

Long-standing payment problem with Iran resolved

The long-standing payment problem with Iran has been resolved with rupee payment mechanism coming in to operation. Exporters will be allowed now to receive payment for shipments to the Islamic nation in the Indian currency. This was stated by Federation of Indian Export Organisations President Rafee...

The auction of 5 percent of Government's ONGC share have fetched an average price of 303.67 rupees for a share. The Finance Ministry said this is 4.71 per cent higher than the reserve price in the auction, which garnered over 12,766 crore rupees. Finance Minister Pranab Mukherjee had earlie...

Parl panel on DTC suggests raising IT exemption limit to <img src="rs.png" border="0" height="9px" /> 3 lakh

A Parliamentary panel scrutinising the Direct Taxes Code - DTC Bill has suggested raising the income tax exemption limit to 3 lakh rupees from the present 1.8 lakhs. It has also suggested hiking of deduction on savings to 2.5 lakh rupees.According to PTI, the Parliamentary Standing Committee on Fina...

DTC parl panel mulls raising IT limit to Rs 3 lakh

A Parliamentary panel has adopted Direct Taxes Code. According to PTI, the panel on DTC is for raising income tax exemption limit to 3 lakh from 1.8 lakh rupees.The panel will submit its report within a week.