Indian News

Pilot's error triggers hijack scare on Kandahar-bound plane at IGI airport

Non Life-News, Risk Management       Nov 10, 2018

  New Delhi: A hijack scare on a Kandahar-bound flight sent security officials at the Delhi international airport into tizzy on Saturday after the pilot "mistakenly" pressed the 'hijack button' when it was taxiing for take-off, officials said.   The Ariana Afghan Airlines plane, with nine crew...

Former RBI Governor Raghuram Rajan

India's economic growth held back due to demonetisation, GST: Raghuram Rajan

Economy       Nov 10, 2018

   WASHINGTON:  Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven percent growth rate is not enough to meet the country's needs.  ...

India's GDP growth & Puzzling data baffle economists

Economy, Life-News, Non Life-News       Nov 09, 2018

   New DelhI:  The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is prompting economists to find a workaround.   India’s new GDP series, introduced...

Monitoring Delhi pollution, will impose emergency measures if needed: EPCA

Risk Management       Nov 09, 2018

  New Delhi: The Supreme Court-appointed Environment Protection Authority on Thursday said it was closely monitoring the situation and if the pollution shows an increasing trend then emergency measures will be imposed in the national capital.   The emergency measures would be implemented as prescribed under the...

Car sales grow marginally by 0.38%, passenger vehicles up 1.6% in October

Non Life-News       Nov 09, 2018

  Mumbai: Domestic passenger vehicle sales rose 1.55 per cent to 2,84,224 units in October as against 2,79,877 units in the same month last year.   Car sales grew marginally by 0.38 per cent to 1,85,400 units last month as against 1,84,706 units in October last year,...

Mastercard, Visa losing market share to domestic payments networks: Jaitley

Economy, Technology       Nov 08, 2018

  New Delhi: Finance Minister Arun Jaitley said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the US government that Prime Minister Narendra Modi was using nationalism to promote a local rival.   Jaitley spoke about...

DGCA to Jet, SpiceJet: Address sensor-related issues with Boeing 737 MAX

Non Life-News, Risk Management       Nov 08, 2018

New Delhi: Aviation regulator DGCA has asked Jet Airways and SpiceJet to take corrective action to address possible issues with their Boeing 737 MAX planes that could lead to "significant altitude loss" of the aircraft, a senior official said Thursday.   The latest directive follows advisories...

DeMo led to formalisation of economy, expanded tax base, says Arun Jaitley

Economy, Life-News       Nov 08, 2018

  New Delhi: Finance Minister Arun Jaitley said in first four years of the National Democratic Alliance (NDA) government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014   Finance Minister Arun Jaitley Thursday said demonetisation resulted...

Digital assistants, social media to be key for banking sector by 2022: Report

Bancassurance, Technology       Nov 07, 2018

  Mumbai: Digital assistants, social media and third party channels are expected to be the primary channels for banking by 2022, apart from mobile and online, a report said on Wednesday.   "After existing digital channels (mobile and online), digital assistants, social media and third party channels...