Indian airlines are likely to face additional weekly expenses of Rs 77 crore for international flights operated from north Indian cities as the airspace curbs result in increased fuel consumption and longer flight duration. An analysis of the number of overseas flights and back-of-the-envelope calculations based on increased flight time as well as approximate expenses by PTI showed that the additional monthly operational costs could be over Rs 306 crore.
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
'The global situation is not very good.'
Rahul Gandhi said he had helped the party conceptualise its 'Nyay' scheme to help remonetise the economy.
Each of these families will get around Rs 5.5 lakh as aid, a senior official said.
Top 10 trends for 2015 are deepening income inequality; jobless growth; lack of leadership; rising geostrategic competition; weakening of representative democracy; rising pollution in developing world; rising occurrence of severe weather events; intensifying nationalism increasing water stress and growing importance of health in the economy.
A Congress bastion over the years, the tribal dominated Nandurbar district in Maharashtra has been chosen for the launch of Aadhaar, the unique identity (UID) numbers.
The Reserve Bank of India (RBI) has urged Finance Minister Pranab Mukherjee to allow the Securities and Insurance Laws (Amendment and Validation) Ordinance 2010 to lapse, since it could affect the autonomy of all regulators, including the central bank.
The flip side of decontrol is greater competition for oil PSUs, says Sunil Jain.
If the Bhopal judgment results in independent directors and CEOs/plant managers waking up to their responsibilities, that can only be a good thing.
Given how the Telecom Regulatory Authority of India's (Trai's) recommendations on 2G spectrum will hit telecom firms, it's not surprising that telecom stocks have plunged. Of course, the fun and games have only begun since it is up to Telecom Minister A Raja to decide whether to accept the recommendations, which ones to accept, and when to accept.
Neither Tharoor nor Modi is a political heavyweight, so sacrificing them is easy, writes Sunil Jain
Tata Motors now eyes the US, European and African markets.
Finance Minister Pranab Mukherjee's decision to co-contribute, for 3 years, Rs 1,000 per annum to each individual who opens an account under the New Pension Scheme is more than welcome.
Bharti will have to deal with 15 different regulatory regimes in Africa as opposed to just one in India.
Getting to the magic growth, however, will require massive increase in investment in infrastructure, in labour force skills and manufacturing capacity.
Whether the Ranganath Misra/Sachar kind of recommendations (some of them are similar) will help improve the lot of Muslims is open to question, given how social transformation is a very difficult and time-consuming process, accepting them will be a boon for the BJP. Whether the Congress party wants to score another self goal after Telangana is the question.
With even the division bench of the Delhi High Court ruling that Communications Minister A Raja's decision to come up with an arbitrary cut-off date of September 25, 2007 was illegal, the government is in huge trouble.
Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed.
A common carrier policy, as in the petroleum sector, is worth looking at.
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