Indian News

IndiGo asks pilots to stop pushing Airbus engines to limit after shutdowns

Risk Management, Technology       Dec 03, 2019

New Delhi: IndiGo has told its pilots to stop pushing engines on its new Airbus SE jets to the limit when the planes are climbing, after India’s aviation regulator said the practice may have contributed to turbines failing in the air.   All the budget airline’s...

Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary

Banking & Bancassurance, Policy, Regulation       Dec 03, 2019

  New Delhi: Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of...

E-pharmacies await govt regulations for the sector

Eco/Invest/Demography, Health       Dec 03, 2019

  New Delhi: The e-pharmacy industry in the country is waiting for the government to come up with regulations for the sector to boost its growth and attract investment, leading players said on Tuesday.   However, another media report on Tyesday suggests, the government has issued an...

Finance Minister Nirmala Sitharaman

Govt open to further reforms,may cut personal income tax rates, says Nirmala Sitharaman

Eco/Invest/Demography       Dec 03, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the government is open to further reforms for making India a more attractive investment destination.   The government has taken various steps, including reduction of corporate tax, she said at India-Sweden Business Summit here. “I only can...

LIC removes convenience fee on credit card payments

Life, Technology       Dec 02, 2019

  Mumbai: As a fillip to our ongoing support for digital transactions Life Insurance Corporation of India announces waiver of convenience fee on Credit Card transactions initiated by policy holders for payment of renewal premium, advance premium, repayment of loan and loan interest with effect from...

Rural India achieved 100 pc ODF status: Govt

Health       Dec 03, 2019

  NEW DELHI: The sanitation coverage under Swachh Bharat Mission(Grameen) is 100 per cent and all the 5,99,963 villages have declared themselves Open-Defecation Free (ODF), the government said on Monday. The Centre launched SBM(G) on October 2, 2014 with the aim to attain Open Defecation Free...

India's yield curve sees steepest rise in nine years, set to go up further

Eco/Invest/Demography       Dec 03, 2019

Mumbai: India’s yield curve rose to its steepest in nine years as bets mounted on further monetary easing and fiscal stimulus following the country’s deepening economic slowdown.   The yield spread between the most-traded 10-year notes to two-year debt is at its highest since 2010 on...

Govt launches independent directors' databank

Eco/Invest/Demography       Dec 02, 2019

  New Delhi: The government on Monday launched a databank of independent directors under the companies law, a move aimed at providing a platform for registration of existing as well as those aspiring to be independent directors. The databank portal would be maintained by the Indian...

2.62 lakh forest fires recorded from 2016-18, says Ministry of Environment

Climate, Environment, Renewable Energy       Dec 02, 2019

  New Delhi: 2.62 lakh forest fires recorded from 2016-18, says Ministry of Environment.   As many as 2.62 lakh incidents of forest fire have been reported from 2016-18, the Ministry of Environment said on Monday.   In response to a query in the Rajya Sabha, Minister of...