Releasing its first forecast for 2018, the Met department said that rains would be 97 per cent of the Long Period Average (LPA), with a model error of plus or minus 5 per cent. Probability of normal to excess rains is 56% and that of below normal and deficit rain is 44% 

The report further noted that professionals from the pharma and healthcare industries are paid the highest in India with an average annual CTC of Rs 9.6 lakh across all levels and functions.

In contrast, overseas investors pulled out Rs 10.85 billion from equities during the period under review due to considerable volatility in global markets on account of the ongoing US-China trade tensions

“The near-term outlook for domestic India passenger demand remains bright, with the market on track to make it 50 consecutive months of double-digit annual RPK (revenue passenger kilometre) growth in October 2018.
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Car sales were marginally up at 191,082 units last month as against 190,236 units in March last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).

This comes following a net outflow of Rs 127.5 billion in the last two months (February-March) probably due to the surge in interest rates increasing in home markets as well as INR depreciation outlook due to crude price and fiscal deficit.

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The tax department said during 2017-18, 6.8 crore income tax returns were filed – up 26 per cent from previous year’s 5.4 crore returns.

On the back of USD 1.5 billion investments in NBFC companies, BFSI (Banking, Financial Services & Insurance) accounted for 51 per cent of the PE investment value pie in the first quarter attracting USD 1.9 billion across 14 transactions.