Bureau of Civil Aviation Security suspends IndiGo's security training centre licence

Bureau of Civil Aviation Security, BCAS has suspended the licence of budget carrier IndiGo's aviation security training facility. The regulatory authority took the decision after several lapses were detected in the examination procedure that it was following.PTI quoting sources said, the or...

Personal income tax base must be before corporate tax cut: Revenue Secretary

Revenue Secretary Hasmukh Adhia said that a reduction in corporate tax is a challenge and cannot be done unless there is an increase in share of personal income tax. Speaking at a post-Budget interaction held by FICCI in New Delhi, Mr Adhia said, the biggest challenge is to increase the share of the...

Economic Affairs Secretary Shaktikanta Das has said, the global rating agencies are several steps behind from reality, at least, so far as India is concerned. In an interview to news agency PTI, Mr Das said, these agencies are missing out on something which only they can best explain. The statement ...

Govt rules out tax incentive beyond Rs 2 lakh for second home

The government has ruled out rollback of the proposal to restrict tax incentive for second home to 2 lakh rupees per annum. Revenue Secretary Hasmukh Adhia said this while addressing the industry representatives in New Delhi today. He said, there is no point in subsidising purchase of second propert...

Economy to grow more than 7% next fiscal: Economic Affairs Secretary

Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal. Speaking at the Executive Meeting of FICCI in New Delhi, Mr Das said India's growth remains much stronger and government is committed to push growth momentum. ...

Economy to grow more than 7% next fiscal: Economic Affairs Secretary

Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent during next fiscal. He said in New Delhi that there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal. Mr Das said, despite th...

Air India to start 3 flights a week non-stop from Delhi to Washington

Air India will start three flights a week non-stop from New Delhi to Dulles International Airport in suburb of Washington DC this summer. Virginia Governor Terry McAuliffe said, the move will bring 30,000 people from India to America every year for economic, commercial and family purposes. He said, ...

Sensex rises for 3rd straight day following Union Budget

Rising for the third straight day following the Union Budget, the Sensex at the Bombay Stock Exchange closed with a marginal gain of 14 points, at 28,241. The Nifty at the National Stock Exchange added 7 points, to 8,741. More strikingly, in a stellar listing, shares of the 140-year-old BSE Ltd clos...

RBI asks banks to adopt proactive approach for reporting of financial frauds

Reserve Bank has asked banks to adopt a proactive approach for reporting of financial frauds. RBI Deputy Governor SS Mundra said delay in reporting of a fraud can have far-reaching implications on the employee conduct and internal governance standards. He lamented that the gap between the date of oc...

Industry hails General Budget as growth oriented

Industry bodies have hailed the General Budget as growth oriented and progressive as the Director General of CII Chandrajit Banerjee said the budget continues to focus on important measures initiated by the government and is focused on both consumption and investment demand. Mr. Banerjee also said t...